BSE:500444

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

West Coast Paper Mills

Executive Summary

West Coast Paper Mills Limited produces and sells paper and paper boards in India.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has West Coast Paper Mills's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500444's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

500444

2.7%

IN Forestry

1.1%

IN Market


1 Year Return

-17.4%

500444

-40.7%

IN Forestry

-6.0%

IN Market

Return vs Industry: 500444 exceeded the Indian Forestry industry which returned -40.7% over the past year.

Return vs Market: 500444 underperformed the Indian Market which returned -6% over the past year.


Shareholder returns

500444IndustryMarket
7 Day0.8%2.7%1.1%
30 Day23.5%8.5%6.2%
90 Day27.0%10.2%18.2%
1 Year-12.7%-17.4%-24.7%-40.7%-4.1%-6.0%
3 Year4.5%-3.5%-38.6%-53.5%0.2%-4.5%
5 Year232.2%203.4%5.5%-23.5%24.5%14.9%

Price Volatility Vs. Market

How volatile is West Coast Paper Mills's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is West Coast Paper Mills undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 500444 (₹188.7) is trading below our estimate of fair value (₹933.07)

Significantly Below Fair Value: 500444 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 500444 is good value based on its PE Ratio (3.4x) compared to the IN Forestry industry average (7.8x).

PE vs Market: 500444 is good value based on its PE Ratio (3.4x) compared to the Indian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500444's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500444 is overvalued based on its PB Ratio (0.9x) compared to the IN Forestry industry average (0.7x).


Next Steps

Future Growth

How is West Coast Paper Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as West Coast Paper Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has West Coast Paper Mills performed over the past 5 years?

49.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500444 has high quality earnings.

Growing Profit Margin: 500444's current net profit margins (14.9%) are lower than last year (15%).


Past Earnings Growth Analysis

Earnings Trend: 500444's earnings have grown significantly by 49.1% per year over the past 5 years.

Accelerating Growth: 500444's earnings growth over the past year (25%) is below its 5-year average (49.1% per year).

Earnings vs Industry: 500444 earnings growth over the past year (25%) exceeded the Forestry industry -10.5%.


Return on Equity

High ROE: 500444's Return on Equity (23.9%) is considered high.


Next Steps

Financial Health

How is West Coast Paper Mills's financial position?


Financial Position Analysis

Short Term Liabilities: 500444's short term assets (₹10.3B) exceed its short term liabilities (₹7.1B).

Long Term Liabilities: 500444's short term assets (₹10.3B) exceed its long term liabilities (₹8.2B).


Debt to Equity History and Analysis

Debt Level: 500444's debt to equity ratio (36.6%) is considered satisfactory.

Reducing Debt: 500444's debt to equity ratio has reduced from 152.3% to 36.6% over the past 5 years.

Debt Coverage: 500444's debt is well covered by operating cash flow (104.2%).

Interest Coverage: 500444's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is West Coast Paper Mills's current dividend yield, its reliability and sustainability?

2.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500444's dividend (2.65%) is higher than the bottom 25% of dividend payers in the Indian market (0.69%).

High Dividend: 500444's dividend (2.65%) is low compared to the top 25% of dividend payers in the Indian market (2.73%).


Stability and Growth of Payments

Stable Dividend: 500444's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500444's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.9%), 500444's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Shree Bangur (71yo)

0.083

Tenure

₹161,529,623

Compensation

Mr. Shree Kumar Bangur serves as Chairman and Managing Director at Andhra Paper Limited (formerly known as International Paper APPM Limited) since October 30, 2019. Mr. Bangur serves as the Chairman and Ma ...


CEO Compensation Analysis

Compensation vs Market: Shree's total compensation ($USD2.15M) is above average for companies of similar size in the Indian market ($USD319.48K).

Compensation vs Earnings: Shree's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shree Bangur
Chairman & MD0.083yr₹161.53m4.36% 542.8m
Rajendra Jain
CFO & Executive Director5yrs₹19.29mno data
Virendraa Bangur
Joint MD0.67yrno data1.7% 211.9m
Brajmohan Prasad
Compliance Officer & Company Secretary4yrs₹1.18mno data
B. Bhuyan
Senior Vice President of Planning Development & Projects - Paper & Duplex Board Division3.58yrsno datano data
B. Rathi
President of Technical - Paper & Duplex Board Divisionno datano datano data
P. Maloo
Senior Vice President of Marketing - Paper & Duplex Board Divisionno datano datano data
S. Patil
Senior Vice President of Human Resource - Paper & Duplex Board Divisionno datano datano data
Anil Tanwani
Chief Executive Officer of Telecom Cable Divisionno datano datano data
Shiv Gupta
Chief Financial Officer - Telecom Cable Division1.5yrsno datano data

2.5yrs

Average Tenure

58yo

Average Age

Experienced Management: 500444's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shree Bangur
Chairman & MD0.083yr₹161.53m4.36% 542.8m
Rajendra Jain
CFO & Executive Director5yrs₹19.29mno data
Virendraa Bangur
Joint MD0.67yrno data1.7% 211.9m
Pradip Kapadia
Non-Executive Independent Director27.92yrs₹75.00kno data
Mahaveer Prasad Taparia
Non-Executive Independent Director9.67yrs₹120.00kno data
Krishna Karwa
Non-Executive Independent Director10.75yrs₹60.00kno data
Shashi Bangur
Non-Executive Director26.17yrs₹90.00k3.5% 435.8m
Saurabh Bangur
Vice Chairmanno data₹105.00k2.91% 362.8m
Utpal Bhattacharyya
Non-Executive Independent Director11.17yrs₹140.00kno data
Amitav Kothari
Non-Executive Independent Director4.42yrs₹85.00kno data

10.2yrs

Average Tenure

66yo

Average Age

Experienced Board: 500444's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

West Coast Paper Mills Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: West Coast Paper Mills Limited
  • Ticker: 500444
  • Exchange: BSE
  • Founded: 1955
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: ₹12.463b
  • Shares outstanding: 66.05m
  • Website: https://www.westcoastpaper.com

Number of Employees


Location

  • West Coast Paper Mills Limited
  • 31, Chowringhee Road
  • Kolkata
  • West Bengal
  • 700016
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500444BSE (Mumbai Stock Exchange)YesEquity SharesININROct 1996
WSTCSTPAPRNSEI (National Stock Exchange of India)YesEquity SharesININROct 1996

Biography

West Coast Paper Mills Limited produces and sells paper and paper boards in India. It operates through two segments, Paper/Paperboard and Telecommunication Cables. The company provides printing and writing paper, machine-glazed paper and boards, printing and writing paper, security and hi-value grades paper, and cup stock and coated duplex boards. It is also involved in the production and sale of optical fiber cables; and generation of wind power with a capacity of 1.75 MW wind mill located in Tamilnadu, India. The company exports its paper products to the Asia Pacific, the Middle-East, the Mediterranean, and the African sub continents. West Coast Paper Mills Limited was founded in 1955 and is based in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 12:38
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.