The Western India Plywoods Limited
The Western India Plywoods Limited manufactures and sells hardboard, plywood, and compreg wood products in India and internationally. The company offers fire retardant and resin surfaced shuttering plywood for applications in industrial filters, and paneling and ceiling substrates in hotels, hospitals, theatres, etc.; marine plywood for boat building, and load and stress bearing industrial applic… Read more
The Western India Plywoods Limited (WIPL) - Net Assets
Latest net assets as of September 2025: ₹447.60 Million INR
Based on the latest financial reports, The Western India Plywoods Limited (WIPL) has net assets worth ₹447.60 Million INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹821.00 Million) and total liabilities (₹373.40 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹447.60 Million |
| % of Total Assets | 54.52% |
| Annual Growth Rate | 1.92% |
| 5-Year Change | 15.07% |
| 10-Year Change | 12.72% |
| Growth Volatility | 3.53 |
The Western India Plywoods Limited - Net Assets Trend (2013–2025)
This chart illustrates how The Western India Plywoods Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Western India Plywoods Limited (2013–2025)
The table below shows the annual net assets of The Western India Plywoods Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹452.90 Million | +4.94% |
| 2024-03-31 | ₹431.60 Million | +4.88% |
| 2023-03-31 | ₹411.50 Million | +7.13% |
| 2022-03-31 | ₹384.10 Million | -2.41% |
| 2021-03-31 | ₹393.59 Million | -1.59% |
| 2020-03-31 | ₹399.97 Million | -0.24% |
| 2019-03-31 | ₹400.92 Million | +3.10% |
| 2018-03-31 | ₹388.88 Million | -1.82% |
| 2017-03-31 | ₹396.09 Million | -1.42% |
| 2016-03-31 | ₹401.79 Million | +3.73% |
| 2015-03-31 | ₹387.33 Million | +7.75% |
| 2014-03-31 | ₹359.48 Million | -0.25% |
| 2013-03-31 | ₹360.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Western India Plywoods Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 124.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹194.84 Million | 42.97% |
| Common Stock | ₹84.90 Million | 18.73% |
| Other Comprehensive Income | ₹129.39 Million | 28.54% |
| Other Components | ₹44.27 Million | 9.76% |
| Total Equity | ₹453.40 Million | 100.00% |
The Western India Plywoods Limited Competitors by Market Cap
The table below lists competitors of The Western India Plywoods Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Newretail Co Ltd
TWO:3085
|
$4.55 Million |
|
LOBO EV TECHNOLOGIES LTD. Ordinary shares
NASDAQ:LOBO
|
$4.55 Million |
|
Batavia Prosperindo Finance
JK:BPFI
|
$4.55 Million |
|
SGF Capital Public Company Limited
BK:SGF
|
$4.56 Million |
|
CN Energy Group Inc
NASDAQ:CNEY
|
$4.55 Million |
|
Jet Freight Logistics Limited
NSE:JETFREIGHT
|
$4.55 Million |
|
Reneuco Berhad
KLSE:7130
|
$4.55 Million |
|
Tempest Security AB
ST:TSEC
|
$4.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Western India Plywoods Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 432,672,000 to 453,400,000, a change of 20,728,000 (4.8%).
- Net income of 28,000,000 contributed positively to equity growth.
- Dividend payments of 7,800,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,817,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹28.00 Million | +6.18% |
| Dividends Paid | ₹7.80 Million | -1.72% |
| Other Comprehensive Income | ₹2.82 Million | +0.62% |
| Other Changes | ₹-2.29 Million | -0.51% |
| Total Change | ₹- | 4.79% |
Book Value vs Market Value Analysis
This analysis compares The Western India Plywoods Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.73x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.55x to 2.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹41.63 | ₹147.68 | x |
| 2014-03-31 | ₹41.58 | ₹147.68 | x |
| 2015-03-31 | ₹44.54 | ₹147.68 | x |
| 2016-03-31 | ₹45.70 | ₹147.68 | x |
| 2017-03-31 | ₹45.20 | ₹147.68 | x |
| 2018-03-31 | ₹44.73 | ₹147.68 | x |
| 2019-03-31 | ₹46.35 | ₹147.68 | x |
| 2020-03-31 | ₹46.21 | ₹147.68 | x |
| 2021-03-31 | ₹46.02 | ₹147.68 | x |
| 2022-03-31 | ₹45.16 | ₹147.68 | x |
| 2023-03-31 | ₹48.54 | ₹147.68 | x |
| 2024-03-31 | ₹50.98 | ₹147.68 | x |
| 2025-03-31 | ₹54.10 | ₹147.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Western India Plywoods Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.41%
- • Asset Turnover: 1.46x
- • Equity Multiplier: 1.76x
- Recent ROE (6.18%) is above the historical average (3.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.93% | 0.36% | 0.93x | 2.75x | ₹-32.04 Million |
| 2014 | 3.23% | 1.19% | 1.07x | 2.55x | ₹-23.88 Million |
| 2015 | 8.63% | 3.39% | 1.06x | 2.41x | ₹-5.18 Million |
| 2016 | 5.40% | 2.35% | 1.01x | 2.26x | ₹-17.83 Million |
| 2017 | 0.14% | 0.06% | 0.95x | 2.34x | ₹-37.82 Million |
| 2018 | 2.32% | 0.93% | 1.13x | 2.21x | ₹-29.15 Million |
| 2019 | 3.12% | 1.22% | 1.24x | 2.06x | ₹-27.08 Million |
| 2020 | 3.20% | 1.29% | 1.30x | 1.90x | ₹-26.67 Million |
| 2021 | -0.68% | -0.31% | 1.24x | 1.75x | ₹-41.71 Million |
| 2022 | 1.24% | 0.48% | 1.50x | 1.73x | ₹-33.56 Million |
| 2023 | 8.47% | 3.24% | 1.54x | 1.70x | ₹-6.30 Million |
| 2024 | 7.81% | 3.11% | 1.44x | 1.75x | ₹-9.49 Million |
| 2025 | 6.18% | 2.41% | 1.46x | 1.76x | ₹-17.34 Million |
Industry Comparison
This section compares The Western India Plywoods Limited's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $3,867,859,667
- Average return on equity (ROE) among peers: 17.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Western India Plywoods Limited (WIPL) | ₹447.60 Million | 0.93% | 0.83x | $4.55 Million |
| Archidply Industries Limited (ARCHIDPLY) | $1.04 Billion | 11.80% | 1.39x | $4.80 Million |
| Century Plyboards (India) Limited (CENTURYPLY) | $3.95 Billion | 37.72% | 1.70x | $463.69 Million |
| Greenpanel Industries Limited (GREENPANEL) | $6.62 Billion | 2.19% | 1.22x | $128.10 Million |