WSTCSTPAPR
West Coast Paper Mills share price & financials
- Price
- ₹520.4
- Market cap
- ₹4.7k Cr
- Sector
- Forest Materials
What West Coast Paper Mills Limited does
West Coast Paper Mills is one of India's oldest and largest integrated pulp-to-paper manufacturers, running a single-location paper and paperboard complex at Dandeli, Karnataka that includes its own pulp mill and captive power plant. Its Wesco-branded portfolio spans writing and printing paper, business stationery, security paper and packaging boards, sold through a pan-India dealer and zonal-office network as well as export markets. The company has diversified into optical fibre cables and related products (FRP rod cables, glass roving) under the West Coast Optilinks brand from facilities in Mysuru and Hyderabad, and more recently into plywood through the 2024 acquisition of Uniply Décor Limited. It also holds a majority stake in listed subsidiary Andhra Paper Limited, extending its paper manufacturing footprint into Andhra Pradesh.
Segments
- Paper & Paperboard
- Cable Division (Optical Fibre Cables)
- Plywood
- Installed paper & paperboard capacity (Dandeli, Karnataka)
- 3,20,000 TPA
- Integrated pulp mill capacity
- 725 TPD
- Captive power plant capacity
- 74.8 MW
- Employee strength
- 4,000+
- Dealer network
- 70+ dealers across India; three-quarters have partnered with the company for over 15 years
- Zonal marketing offices
- 6, in major Indian cities
Quarterly results
Q1 FY27: revenue up 14.7%, net profit up 165.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 609 | 629 | 631 | 556 | 645 +6% | 591 −6% | 707 +12% | 638 +15% |
| EBITDA | 90 | 54 | 64 | 77 | 70 −22% | 57 +6% | 110 +72% | 147 +91% |
| Net profit | 92 | 58 | 41 | 41 | 45 −51% | 19 −67% | 49 +20% | 109 +166% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +46.6% 1Y
1Y: ₹486.9 on 10 Sept 2025 → ₹713.8. High ₹713.8 (11 Sept 2026), low ₹381.3 (9 Mar 2026).
Financials, as filed
Revenue fell 16.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.3k Cr | ₹2.6k Cr | ₹2.5k Cr | ₹2.5k Cr |
| Operating profit | ₹1.4k Cr | ₹656 Cr | ₹349 Cr | ₹314 Cr |
| Operating margin | 32.6% | 25.0% | 13.9% | 12.6% |
| Interest | ₹34 Cr | ₹19 Cr | ₹20 Cr | ₹22 Cr |
| Depreciation | ₹171 Cr | ₹110 Cr | ₹112 Cr | ₹133 Cr |
| Net profit | ₹932 Cr | ₹476 Cr | ₹284 Cr | ₹154 Cr |
| Net margin | 21.5% | 18.1% | 11.3% | 6.2% |
| Cash from operations | ₹695 Cr | ₹454 Cr | ₹157 Cr | ₹298 Cr |
| Free cash flow | ₹648 Cr | ₹273 Cr | ₹-25 Cr | ₹218 Cr |
| ROCE | 40.0% | 26.0% | 14.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹1.3k Cr | ₹1.5k Cr | ₹2.0k Cr | ₹2.5k Cr | ₹3.5k Cr | ₹2.8k Cr |
| Borrowings | ₹628 Cr | ₹415 Cr | ₹174 Cr | ₹161 Cr | ₹463 Cr | ₹111 Cr |
| Other liabilities | ₹368 Cr | ₹410 Cr | ₹453 Cr | ₹532 Cr | ₹1.6k Cr | ₹498 Cr |
| Total liabilities | ₹2.3k Cr | ₹2.3k Cr | ₹2.7k Cr | ₹3.2k Cr | ₹5.6k Cr | ₹3.4k Cr |
| Fixed assets | ₹835 Cr | ₹754 Cr | ₹671 Cr | ₹674 Cr | ₹2.2k Cr | ₹788 Cr |
| Capital work in progress | ₹25 Cr | ₹14 Cr | ₹25 Cr | ₹96 Cr | ₹113 Cr | ₹8 Cr |
| Investments | ₹912 Cr | ₹1.0k Cr | ₹1.3k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.8k Cr |
| Other assets | ₹523 Cr | ₹563 Cr | ₹645 Cr | ₹774 Cr | ₹1.5k Cr | ₹859 Cr |
| Total assets | ₹2.3k Cr | ₹2.3k Cr | ₹2.7k Cr | ₹3.2k Cr | ₹5.6k Cr | ₹3.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +1.88 pp while FIIs trimmed −1.18 pp. The shareholder count shrank 8% to 48,063.
- Promoters
- 56.6%
- FIIs
- 2.6%
- DIIs
- 13.6%
- Public
- 27.2%
Since Jun 2025
- DIIs +1.88 pp
- FIIs −1.18 pp
- Public −0.73 pp
How it drifted, 12 quarters
Over this window DIIs went from 6.8% to 13.6% — +6.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 56.5%, FIIs 7.8%, DIIs 6.8%, Public 28.9%.Dec '23: Promoters 56.5%, FIIs 8.0%, DIIs 6.6%, Public 28.9%.Mar '24: Promoters 56.5%, FIIs 8.2%, DIIs 7.1%, Public 28.1%.Jun '24: Promoters 56.5%, FIIs 7.4%, DIIs 7.2%, Public 28.9%.Sep '24: Promoters 56.5%, FIIs 6.2%, DIIs 8.2%, Public 29.1%.Dec '24: Promoters 56.5%, FIIs 5.3%, DIIs 9.3%, Public 28.8%.Mar '25: Promoters 56.5%, FIIs 4.2%, DIIs 9.8%, Public 29.4%.Jun '25: Promoters 56.5%, FIIs 3.8%, DIIs 11.7%, Public 27.9%.Sep '25: Promoters 56.5%, FIIs 3.3%, DIIs 12.6%, Public 27.6%.Dec '25: Promoters 56.5%, FIIs 3.3%, DIIs 12.7%, Public 27.5%.Mar '26: Promoters 56.6%, FIIs 3.2%, DIIs 13.1%, Public 27.1%.Jun '26: Promoters 56.6%, FIIs 2.6%, DIIs 13.6%, Public 27.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Parag Parikh ELSS Tax Saver Fund Mutual fund newly disclosed 1.43% held
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund +0.15 pp 5.24% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of West Coast Paper Mills Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Veer Enterprises Limited | 16.27% | unchanged |
| Shree Satyanarayan Investments Company Limited | 15.84% | unchanged |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 5.24% | +0.15 pp |
| Shree Kumar Bangur | 4.23% | unchanged |
| Orbit Udyog Pvt Ltd | 3.65% | unchanged |
| Shashi Bangur | 3.57% | unchanged |
| DSP Small Cap Fund Mutual fund | 3.48% | unchanged |
| The Indra Company Limited | 3.36% | unchanged |
| The Diamond Company Limited | 3.00% | unchanged |
| Saurabh Bangur | 2.50% | unchanged |
| Virendraa Bangur | 1.70% | unchanged |
| HDFC Mutual Fund - HDFC Manufacturing Fund Mutual fund | 1.57% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in WSTCSTPAPR
Filings to Aug 2026
1 new, 2 added, 0 trimmed, 0 sold out — net +6.80 L shares (+14.3%).
- Held by funds
- ₹328 Cr
- 6 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹212 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹212 Cr | held | Sep '12 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹48 Cr | held | Nov '24 |
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹36 Cr | new | Aug '26 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹11 Cr | held | Dec '25 |
| SBI Long Term Advantage Fund - Series V SBI Mutual Fund | ₹11 Cr | +0.34 L | Jun '26 |
| SBI Long Term Advantage Fund - Series VI SBI Mutual Fund | ₹10 Cr | +0.66 L | Jun '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
2 added, 0 trimmed — net +6.80 L shares (+14.3%)
- Funds are sitting on
- +111%
- vs est. average cost
- Held by funds
- ₹328 Cr
- 6 schemes · ≈ 6.0% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹212 Cr · 0.3% of that fund
Shares held by these funds +42%
Aug '23 47.47 L shares Jul '26
Learn to analyse West Coast Paper Mills Limited
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