The Western India Plywoods Limited (WIPL) - Net Assets

Latest as of September 2025: Rs447.60 Million INR ≈ $4.84 Million USD

Based on the latest financial reports, The Western India Plywoods Limited (WIPL) has net assets worth Rs447.60 Million INR (≈ $4.84 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs821.00 Million ≈ $8.88 Million USD) and total liabilities (Rs373.40 Million ≈ $4.04 Million USD). 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. Check The Western India Plywoods Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs447.60 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. Also explore total assets of The Western India Plywoods Limited for the complete picture of this company's asset base.

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. For live valuation and market cap data, see The Western India Plywoods Limited stock valuation.

Year	Net Assets	Change
2025-03-31	Rs452.90 Million ≈ $4.90 Million	+4.94%
2024-03-31	Rs431.60 Million ≈ $4.67 Million	+4.88%
2023-03-31	Rs411.50 Million ≈ $4.45 Million	+7.13%
2022-03-31	Rs384.10 Million ≈ $4.15 Million	-2.41%
2021-03-31	Rs393.59 Million ≈ $4.26 Million	-1.59%
2020-03-31	Rs399.97 Million ≈ $4.33 Million	-0.24%
2019-03-31	Rs400.92 Million ≈ $4.34 Million	+3.10%
2018-03-31	Rs388.88 Million ≈ $4.21 Million	-1.82%
2017-03-31	Rs396.09 Million ≈ $4.28 Million	-1.42%
2016-03-31	Rs401.79 Million ≈ $4.35 Million	+3.73%
2015-03-31	Rs387.33 Million ≈ $4.19 Million	+7.75%
2014-03-31	Rs359.48 Million ≈ $3.89 Million	-0.25%
2013-03-31	Rs360.39 Million ≈ $3.90 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	Rs194.84 Million	42.97%
Common Stock	Rs84.90 Million	18.73%
Other Comprehensive Income	Rs129.39 Million	28.54%
Other Components	Rs44.27 Million	9.76%
Total Equity	Rs453.40 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
UDAYSHIVAKUMAR INFRA ORD (BSE) NSE:USK	$14.37 Million
Petrolympic Ltd V:PCQ	$14.37 Million
Boule Diagnostics AB ST:BOUL	$14.38 Million
Laon People Inc. KQ:300120	$14.38 Million
Anugerah Kagum Karya Utama Tbk PT JK:AKKU	$14.36 Million
Toppoint Holdings Inc. NYSE MKT:TOPP	$14.35 Million
Cloudastructure, Inc. Class A Common Stock NASDAQ:CSAI	$14.34 Million
Senior PLC LSE:SNR	$14.34 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	Rs28.00 Million	+6.18%
Dividends Paid	Rs7.80 Million	-1.72%
Other Comprehensive Income	Rs2.82 Million	+0.62%
Other Changes	Rs-2.29 Million	-0.51%
Total Change	Rs-	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: 2.89x
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 3.76x to 2.89x 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	Rs41.63	Rs156.49	x
2014-03-31	Rs41.58	Rs156.49	x
2015-03-31	Rs44.54	Rs156.49	x
2016-03-31	Rs45.70	Rs156.49	x
2017-03-31	Rs45.20	Rs156.49	x
2018-03-31	Rs44.73	Rs156.49	x
2019-03-31	Rs46.35	Rs156.49	x
2020-03-31	Rs46.21	Rs156.49	x
2021-03-31	Rs46.02	Rs156.49	x
2022-03-31	Rs45.16	Rs156.49	x
2023-03-31	Rs48.54	Rs156.49	x
2024-03-31	Rs50.98	Rs156.49	x
2025-03-31	Rs54.10	Rs156.49	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	Rs-32.04 Million
2014	3.23%	1.19%	1.07x	2.55x	Rs-23.88 Million
2015	8.63%	3.39%	1.06x	2.41x	Rs-5.18 Million
2016	5.40%	2.35%	1.01x	2.26x	Rs-17.83 Million
2017	0.14%	0.06%	0.95x	2.34x	Rs-37.82 Million
2018	2.32%	0.93%	1.13x	2.21x	Rs-29.15 Million
2019	3.12%	1.22%	1.24x	2.06x	Rs-27.08 Million
2020	3.20%	1.29%	1.30x	1.90x	Rs-26.67 Million
2021	-0.68%	-0.31%	1.24x	1.75x	Rs-41.71 Million
2022	1.24%	0.48%	1.50x	1.73x	Rs-33.56 Million
2023	8.47%	3.24%	1.54x	1.70x	Rs-6.30 Million
2024	7.81%	3.11%	1.44x	1.75x	Rs-9.49 Million
2025	6.18%	2.41%	1.46x	1.76x	Rs-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: $6,641,092,500
Average return on equity (ROE) among peers: 22.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
The Western India Plywoods Limited (WIPL)	Rs447.60 Million	0.93%	0.83x	$14.36 Million
Century Plyboards (India) Limited (CENTURYPLY)	$1.34 Billion	23.83%	2.13x	$1.92 Billion
Greenpanel Industries Limited (GREENPANEL)	$11.94 Billion	21.49%	0.43x	$303.57 Million

About The Western India Plywoods Limited

NSE:WIPL India Lumber & Wood Production

Market Cap

$14.36 Million

Rs1.33 Billion INR

Market Cap Rank

#25964 Global

#1450 in India

Share Price

Rs156.49

Change (1 day)

-2.84%

52-Week Range

Rs142.88 - Rs175.77

All Time High

Rs260.96