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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The Western India Plywoods Ltd is an India-based company engaged in the business of manufacture and sale of wood -based products. The Company's products include Plywood, Hard boards, Densified wood, Wooden flooring, Soft Board, Furniture and Wipress. The Company caters to…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, priced for perfection — but flagged on governance.
THE WESTERN INDIA PLY LTD is scored on the general / industrial framework. It keeps a thin 0.4% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 14.76× reported profit. Free cash flow is worth about 3.2% of its market value.
Over the last 3 years revenue compounded at 3%/yr and profit at -50%/yr. Book value has been broadly flat (2.6%/yr). Return on equity is a weak 1.0%.
At 181× earnings, the stock sits at the 88th percentile of its own 3.6-year range — the expensive end of where it has historically traded. The forensic screen raises a red flag: 58% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | -706.05 | — | — |
| P/B | 2.95 | 2.4 | worse |
| EV/EBITDA | 39.25 | 17.99 | worse |
| ROE | 1.01 | — | — |
| ROCE | 4.39 | 10.16 | worse |
| ROA | -0.27 | 4.55 | worse |
| Quick Ratio | 1.27 | 0.99 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Century Plyboards | 43.0 | 5.2 | 11.7% |
| Greenlam Industries | 60.4 | 4.3 | 7.0% |
| Stylam Industries | 30.4 | 5.9 | 19.5% |
Revenue has grown every year across all 4 financial years shown. 3% CAGR — growing but slowly.
Revenue is outpacing profit (3% vs -49%) — costs are rising faster than the top line. The latest year saw a -84% swing — check if it's a one-off or structural.
Operating margin has compressed from 5% to 1% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 1% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 7pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. EPS outpaced profit growth — possible buybacks are concentrating earnings into fewer shares. -42% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 14.8× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 7% QoQ — could be seasonality or a genuine slowdown. Run-rate fading — recent quarters 9% below earlier ones.
2 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 67% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 37.9% — dispersed ownership; institutional flows drive the stock. Promoters reduced 1.5pp over 4 quarters — watch whether this is planned divestment or pledge invocations.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.