Western India Plywoods Ltd. (IN:WIPL)
:WIPL
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Western India Plywoods Ltd.
(WIPL)
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Rating:55Neutral
Price Target:
₹147.00
▼(-9.73% Downside)
Action:Reiterated
Date:11/14/25
The overall stock score reflects moderate financial performance with stable revenue growth but significant challenges in cash flow management and profitability. Technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. The lack of earnings call and corporate events data limits further insights.
Positive Factors
High gross profit margin
A 46.48% gross margin signals structural cost control or a favorable product mix in wood panels and components. Sustained high gross margins provide a durable buffer against raw‑material swings, support reinvestment in manufacturing and distribution, and underpin long-term cash flow resilience.
Negative Factors
Negative free cash flow
Negative free cash flow and declining operating cash generation are structural concerns. Poor cash conversion limits the firm’s ability to self-fund capex, pay down debt, or return capital, increasing dependence on external financing and constraining strategic investments over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross profit margin
A 46.48% gross margin signals structural cost control or a favorable product mix in wood panels and components. Sustained high gross margins provide a durable buffer against raw‑material swings, support reinvestment in manufacturing and distribution, and underpin long-term cash flow resilience.
Read all positive factors
Western India Plywoods Ltd. (WIPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.21B
Dividend Yield0.8%
Average Volume (3M)5.66K
Price to Earnings (P/E)35.9
Beta (1Y)0.51
Revenue Growth6.40%
EPS Growth11.98%
CountryIN
Employees250
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)2.62
Shares Outstanding8,487,340
10 Day Avg. Volume9,055
30 Day Avg. Volume5,658
Financial Highlights & Ratios
PEG Ratio-3.03
Price to Book (P/B)3.20
Price to Sales (P/S)1.25
P/FCF Ratio-179.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Western India Plywoods Ltd. Business Overview & Revenue Model
Company Description
The Western India Plywoods Limited manufactures and sells plywood, hard boards, densified wood, and other wood products in India. The company offers fire retardant and resin surfaced shuttering plywood for applications in industrial filters, and p...
How the Company Makes Money
WIPL generates revenue primarily through the sale of its core products, including various grades of plywood and decorative veneers, to wholesalers, retailers, and direct consumers in the construction and furniture industries. The company benefits ...
Western India Plywoods Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 1.16B | 1.09B | 1.08B | 992.50M | 845.29M |
| Gross Profit | 678.40M | 539.50M | 603.69M | 648.00M | 544.97M | 455.09M |
| EBITDA | 59.77M | 72.00M | 73.96M | 81.12M | 44.88M | 39.89M |
| Net Income | 21.80M | 28.00M | 33.78M | 34.90M | 4.77M | -2.65M |
Balance Sheet | ||||||
| Total Assets | 821.00M | 796.90M | 756.20M | 698.60M | 663.12M | 683.36M |
| Cash, Cash Equivalents and Short-Term Investments | 159.10M | 88.80M | 102.06M | 128.42M | 29.29M | 28.53M |
| Total Debt | 198.20M | 183.20M | 188.80M | 172.30M | 175.33M | 167.31M |
| Total Liabilities | 373.40M | 344.00M | 324.60M | 287.10M | 279.02M | 289.77M |
| Stockholders Equity | 448.50M | 453.40M | 432.67M | 412.00M | 383.30M | 390.60M |
Cash Flow | ||||||
| Free Cash Flow | 35.30M | -8.10M | -27.46M | 119.70M | 6.34M | 75.99M |
| Operating Cash Flow | 41.80M | 8.40M | 30.10M | 151.30M | 21.76M | 95.93M |
| Investing Cash Flow | -16.80M | -17.71M | -51.23M | -29.30M | -10.77M | -18.44M |
| Financing Cash Flow | 10.70M | -25.24M | -3.70M | -24.00M | -11.79M | -69.68M |
Western India Plywoods Ltd. Technical Analysis
Negative
162.84
Price Trends
152.38
Negative
150.71
Negative
155.88
Negative
Market Momentum
-2.74
Positive
37.33
Neutral
25.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WIPL, the sentiment is Negative. The current price of 162.84 is above the 20-day moving average (MA) of 153.19, above the 50-day MA of 152.38, and above the 200-day MA of 155.88, indicating a bearish trend. The MACD of -2.74 indicates Positive momentum. The RSI at 37.33 is Neutral, neither overbought nor oversold. The STOCH value of 25.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:WIPL.
Western India Plywoods Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹3.34B | 7.68 | ― | 0.40% | 12.15% | 49.11% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹6.23B | 5.21 | ― | 0.74% | 8.72% | ― | |
56 Neutral | ₹1.61B | 9.99 | ― | ― | 20.65% | ― | |
55 Neutral | ₹1.21B | 35.94 | ― | 0.80% | 6.40% | 11.98% | |
43 Neutral | ₹3.62B | -6.72 | ― | 1.08% | 1.13% | 47.13% |
* Basic Materials Sector Average
IN:WIPL
Western India Plywoods Ltd.
142.87
-8.56
-5.65%
IN:ARCHIDPLY
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IN:ORIENTPPR
Orient Paper & Industries Ltd.
17.05
-12.35
-42.01%
IN:SAHYADRI
Sahyadri Industries Limited.
305.55
18.98
6.62%
IN:UNIPLY
Uniply Industries Limited
―
―
―
IN:VISAKAIND
Visaka Industries Ltd.
72.05
-13.55
-15.83%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.