A deep dive into West Coast Paper Mills Ltd. (WSTCSTPAPR) — examining the financials, valuation picture, and who owns the stock.
West Coast Paper Mills Revenue Trend
The numbers weren't encouraging on the revenue front: West Coast Paper Mills Ltd. reported ₹4,273 Cr in FY2025, 7.5% below FY2024 levels.
Stepping back, the 10-year revenue CAGR of 10.0% tells a positive story. West Coast Paper Mills Ltd. has been growing at a solid clip.
In terms of scale, West Coast Paper Mills Ltd.'s ₹4,273 Cr in annual revenue positions it as a mid-sized paper and paper products company.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹4,273 Cr | -7.5% |
| FY2024 | ₹4,618 Cr | -7.6% |
| FY2023 | ₹4,998 Cr | +45.5% |
| FY2022 | ₹3,436 Cr | +51.4% |
| FY2021 | ₹2,269 Cr | — |
View West Coast Paper Mills Ltd.'s full 10-year revenue trend with CAGR analysis →
West Coast Paper Mills Profitability
On the earnings front, West Coast Paper Mills Ltd. posted ₹336 Cr for FY2025 — a 57.3% drop from ₹786 Cr in FY2024.
The net margin narrowed from 17.0% to 7.9%, suggesting rising cost pressures.
At ₹47.11 per share (diluted), FY2025 earnings were down year-over-year from ₹104.77.
Is West Coast Paper Mills Undervalued
The P/E Ratio approach puts West Coast Paper Mills Ltd.'s intrinsic value at ₹347, a 33.4% downside from the current market price.
West Coast Paper Mills Ltd. shares are currently trading at ₹520.60.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹347 | 33.4% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for West Coast Paper Mills Ltd. with detailed assumptions →
West Coast Paper Mills Shareholding Pattern
A stable promoter holding of 56.6% over 4 quarters suggests the management group is comfortable with its position.
Foreign institutions moved their stake down to 3.2% from 3.8% over the past year.
On the domestic institutional side, the holding is 13.1% as of March 2026 — up from 11.7%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 56.6% | 3.2% | 13.1% | 27.1% |
| Dec 2025 | 56.5% | 3.3% | 12.7% | 27.5% |
| Sep 2025 | 56.5% | 3.3% | 12.6% | 27.5% |
| Jun 2025 | 56.5% | 3.8% | 11.7% | 27.9% |
Track quarterly shareholding changes for West Coast Paper Mills Ltd. →
West Coast Paper Mills Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹55.12B, up 7.7% YoY from ₹51.18B.
Property, Plant & Equipment accounts for 36.3% of the total, ahead of Cash & ST Investments (22.3%) and Inventories (15.8%).
Capital structure: 73.8% equity, 8.3% debt, 17.9% operating liabilities. Over the year, debt is up 65.0% and equity is up 6.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 12.31B |
| Receivables | 3.50B |
| Inventories | 8.71B |
| Property, Plant & Equipment | 20.00B |
| Investments | 4.05B |
| Intangibles & Goodwill | 2.76B |
| Other Assets | 3.79B |
| Category | Value |
|---|---|
| Equity | 40.70B |
| Short-term Debt | 2.24B |
| Long-term Debt | 2.32B |
| Trade Payables | 5.25B |
| Other Liabilities | 4.61B |
What Stands Out About West Coast Paper Mills
In summary, West Coast Paper Mills Ltd. (WSTCSTPAPR) presents the following picture for fundamental analysts.
Revenue of ₹4,273 Cr in FY2025, down 7.5% year-over-year.
Long-term revenue has been compounding at 10.0% annually over 10 years.
The company is profitable, with a net margin of 7.9% and net income of ₹336 Cr.
The P/E Ratio model implies 33.4% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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Get the complete view of West Coast Paper Mills Ltd. on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.