The Western Indian Peer Comparison

NSE: WIPL

₹168.46

₹1.86 (1.12%)

As on 25-Sep-2026IST

Market cap

₹143 Cr

Revenue (TTM)

₹116 Cr

P/E Ratio

--

P/B Ratio

3.2

Div. Yield

0.6 %

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	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Market cap (₹ Cr)	143	15,434	5,715	3,596	1,989
Revenue (₹ Cr)	116	5,789	3,169	2,863	1,561
Net Profit (₹ Cr)	-0.19	298.71	92.97	124.93	6.72
Net Margin (%)	-0.16	5.15	2.92	4.35	0.43
RoE (%)	-0.42	11.70	8.01	12.60	0.50
Price to Earnings	--	53.01	61.50	36.47	295.85
Price-To-Book	3.22	5.73	4.76	3.84	1.47

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Operating Revenue	116.36	5,789.20	3,168.99	2,863.11	1,560.99
Total Income	117.63	5,799.74	3,180.75	2,870.35	1,574.68
Total Expenditure	114.01	5,069.19	2,808.30	2,575.89	1,435.52
EBITDA	2.35	720.02	360.69	287.22	125.47
Depreciation	2.04	199.50	141.79	66.70	100.61
EBIT	0.31	520.52	218.90	220.52	24.86
Interest	0.85	120.86	89.81	44.23	32.78
Other Income	1.27	10.53	11.76	7.24	13.69
Exceptional Items	0.00	-7.68	-6.16	-19.00	0.00
Profit before Tax	0.73	402.51	134.69	164.53	5.77
Provision for Tax	0.92	103.80	41.72	39.60	-0.96
Profit after Tax	-0.19	298.71	92.97	124.93	6.72

Liabilities (₹ Cr)

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Shareholder's Funds	44.75	2,609.89	1,179.26	894.83	1,355.88
Minority Interest	0.00	-7.57	-0.04	-0.32	0.00
Non-Current Liabilities	6.87	605.60	811.15	396.89	393.60
Current Liabilities	19.81	1,867.89	1,013.91	669.39	297.47
Total Liabilities	71.12	5,071.81	2,999.18	1,959.97	2,046.95

Assets (₹ Cr)

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Non-Current Assets	27.62	3,029.53	1,631.22	940.15	1,416.99
Current Assets	41.89	1,957.19	1,234.86	861.02	577.14
Total Assets	71.12	5,071.81	2,999.18	1,959.97	2,046.95
Total Debt*	9.26	1,630.06	1,046.60	489.15	352.59
Net Current Assets	22.08	89.30	220.95	191.63	279.67
Contingent Liabilities	7.55	129.96	117.21	115.51	10.40

Cashflow (₹ Cr)

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Cash From Operating Activities	6.64	457.04	292.38	246.88	111.16
Cash Flow from Investing Activities	-2.38	-424.90	-79.97	-152.08	16.65
Cash from Financing Activities	-10.67	-22.14	-191.05	-78.43	-115.47
Net Cash Inflow / Outflow	-6.41	10.00	21.36	16.37	12.35

Ratios

Profitability Ratios

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
ROCE (%)	4.19	11.66	8.38	13.47	-0.40
ROE (%)	-0.42	11.70	8.01	12.60	0.50
ROA (%)	-0.25	6.16	3.14	6.38	0.32
EBIT Margin (%)	0.27	8.99	6.91	7.70	1.59
Net Margin (%)	-0.16	5.15	2.92	4.35	0.43
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

Growth Ratios

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Revenue Growth (%)	-3.07	23.39	20.11	14.32	11.58
EBIT Growth (%)	-93.71	43.28	67.73	21.95	638.15
Net Profit Growth (%)	-106.35	45.78	183.96	-0.46	-69.12
EPS Growth (%)	-106.35	46.45	13.96	30.01	-69.12
Book Value Growth (%)	-1.29	10.35	4.65	10.82	-2.11

Valuation Ratios

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Price / Earnings	-752.51	51.98	61.63	32.78	295.85
Price / Book Value	3.22	5.73	4.76	3.84	1.47
Dividend Yield (%)	0.59	0.14	0.18	0.17	0.31
EV/EBITDA	63.52	23.62	18.43	14.13	17.09
Market Cap (₹ Cr)	122.66	15,586.52	5,220.68	2,250.12	2,096.31

Solvency Ratios

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Debt to Equity	0.12	0.16	0.60	0.41	0.21
Short term debt to equity ratio	0.06	0.42	0.15	0.03	--
Current Ratio	2.11	1.05	1.22	1.29	1.94
Quick Ratio	1.27	0.47	0.46	0.74	1.30
Interest Coverage	1.86	4.33	2.50	4.72	1.18

Operating Efficiency Ratios

	The Western Indian	Century Plyboards	Greenlam Ind	Greenply Ind	Greenpanel Ind
Debtors to sales (%)	15.55	10.67	6.90	14.22	5.66
Asset Turnover	1.54	1.19	1.07	1.46	0.75
Receivable days	60.14	31.70	22.20	48.66	14.05
Inventory Days	50.96	58.81	84.86	58.79	41.91
Payable days	49.01	50.12	119.01	98.88	51.68
Cash Conversion Cycle	62.08	40.38	-11.94	8.57	4.29

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.