- #1,009 Shree Kumar Bangur & family ₹2,700 Cr

About West Coast Paper Mills Limited
Data last updated:
West Coast Paper Mills Limited is a public limited company based in Dandeli, Karnataka, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 25 March 1955 and has been in existence for over 71 years.
Its director Shree Kumar Bangur and family are #1,009 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L02101KA1955PLC001936. Its GSTIN is 29AAACT4179N1ZO (Karnataka). The company holds 18 GST registrations, of which 12 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500444 and NSE: WSTCSTPAPR.
The company has an authorised share capital of ₹95 Cr and a paid-up capital of ₹13.21 Cr. It was formerly known as The West Coast Paper Mills Limited. It is led by directors including Shree Kumar Bangur (Managing Director) and Rajendra Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at P B No.5 Bangur Nagar Dandeli Uttar Kannada, Karnataka, India – 581325.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,278.79 Cr, a growth of 5.3% compared to the previous year. For the same year it recorded a net profit of ₹150.93 Cr (net margin 3.5%) and EBITDA of ₹412.92 Cr (EBITDA margin 9.7%). The net worth stands at ₹3,607.8 Cr (up 3.3% YoY). Total assets are valued at ₹4,688.02 Cr (down 0.4% YoY).
The company has about 2,473 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: WCPM. As per MCA filings, the company has open charges of ₹536.25 Cr and satisfied charges of ₹4,425.28 Cr on record. Court records list 445 cases involving the company, including 329 filed by the company and 118 filed against it; 55 cases are pending. The company has 22 deals on record (16 market trades, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹215.63 Cr; the latest was in July 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website westcoastpaper.com.
Company details
CIN history
West Coast Paper Mills has one previous CIN (Corporate Identification Number): L02101KA1970PLC001936. The current CIN is L02101KA1955PLC001936, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L02101KA1955PLC001936 | Current |
| L02101KA1970PLC001936 | Previous |
Recognitions & Rankings of West Coast Paper Mills
Contact details
West Coast Paper Mills Limited's registered office is in Dandeli, Karnataka. Its website is westcoastpaper.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP B No.5 Bangur Nagar Dandeli Uttar Kannada, Karnataka, India – 581325
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of West Coast Paper Mills Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
West Coast Paper Mills operates one associated brand: WCPM. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Woodfree papers and paperboard products are manufactured for diverse applications. | westcoastpaper.com |
Business activity
The main business activities of West Coast Paper Mills are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers manufacture of paper and paper products, plastic products, non-metallic mineral products, rubber products, fabricated metal products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 17 | Manufacture of paper and paper products | |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of West Coast Paper Mills Limited, buy the company report.
Financials of West Coast Paper Mills Limited
FY 2025-26 filings availableWest Coast Paper Mills Limited reported revenue of ₹4,278.79 Cr (up 5.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,279 | 4,062 | 4,448 | 4,921 | 3,378 | 2,245 | 2,493 |
| Revenue growth | +5.3% | -8.7% | -9.6% | +45.7% | +50.5% | -10.0% | - |
| EBITDA | 413 | 482 | 1,092 | 1,627 | 633 | 249 | 616 |
| EBITDA margin | +9.7% | +11.9% | +24.6% | +33.1% | +18.8% | +11.1% | +24.7% |
| Profit before tax | 237 | 444 | 1,053 | 1,478 | 420 | (26.16) | 397 |
| Net profit | 151 | 320 | 694 | 956 | 310 | 5.92 | 372 |
| Net profit margin | +3.5% | +7.9% | +15.6% | +19.4% | +9.2% | +0.3% | +14.9% |
| EPS (₹) | 22.80 | 47.11 | 104.77 | 142.62 | 46.49 | (0.47) | 56.08 |
| Balance sheet | |||||||
| Total assets | 4,688 | 4,707 | 4,234 | 3,439 | 2,660 | 2,518 | 2,616 |
| Net worth | 3,608 | 3,491 | 3,242 | 2,581 | 1,686 | 1,389 | 1,388 |
| Total debt | 345 | 456 | 276 | 231 | 478 | 662 | 753 |
| Cash & bank | 37.60 | 32.59 | 43.47 | 75.04 | 60.14 | 91.47 | 175 |
| Net working capital | 753 | 817 | 412 | 389 | 381 | 391 | 513 |
| Cash flow | |||||||
| Cash from operations | 400 | 99.22 | 764 | 1,238 | 591 | 338 | 649 |
| Cash from investing | (188) | (172) | (714) | (894) | (289) | (166) | (858) |
| Cash from financing | (206) | 72.15 | (60.91) | (334) | (295) | (167) | 218 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,277 | 1,051 | 1,245 | 1,036 | 1,043 | 955 | 1,041 | 1,016 |
| Revenue growth (YoY) | +22.4% | +10.1% | +19.6% | +2.0% | -0.2% | -0.6% | - | - |
| Other income | 29.49 | 44.67 | 3.06 | 44.63 | 22.54 | 44.66 | 44.84 | 69.38 |
| EBITDA | 194 | 203 | 157 | 76.70 | 68.01 | 110 | 80.75 | 82.58 |
| EBITDA margin | +15.2% | +19.3% | +12.6% | +7.4% | +6.5% | +11.6% | +7.8% | +8.1% |
| Depreciation | 60.49 | 59.03 | 65.35 | 63.35 | 61.80 | 57.81 | 56.62 | 53.13 |
| Interest | 10.70 | 7.69 | 10.20 | 10.67 | 9.87 | 10.96 | 12.90 | 9.94 |
| Profit before tax | 152 | 181 | 84.79 | 47.31 | 18.88 | 86.34 | 56.07 | 88.89 |
| Tax | 40.41 | 39.41 | 30.82 | 17.72 | 6.98 | 26.07 | 9.91 | 21.49 |
| Net profit | 112 | 142 | 53.97 | 29.59 | 11.90 | 60.27 | 46.16 | 67.40 |
| EPS (₹) | 16.77 | 20.21 | 7.85 | 4.07 | 2.65 | 8.24 | 6.66 | 9.72 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,498 | 2,511 | 2,623 | 2,810 | 1,985 | 1,368 | 1,982 |
| Revenue growth | -0.5% | -4.3% | -6.7% | +41.6% | +45.1% | -31.0% | - |
| EBITDA | 314 | 350 | 656 | 902 | 406 | 191 | 481 |
| EBITDA margin | +12.6% | +13.9% | +25.0% | +32.1% | +20.4% | +14.0% | +24.3% |
| Profit before tax | 228 | 367 | 624 | 799 | 244 | (17.62) | 290 |
| Net profit | 153 | 287 | 477 | 588 | 218 | 7.74 | 277 |
| Net profit margin | +6.1% | +11.4% | +18.2% | +20.9% | +11.0% | +0.6% | +14.0% |
| EPS (₹) | 23.25 | 43.11 | 72.10 | 88.89 | 33.02 | 0.31 | 41.85 |
| Balance sheet | |||||||
| Total assets | 3,092 | 3,042 | 2,789 | 2,366 | 2,065 | 2,067 | 2,175 |
| Net worth | 2,824 | 2,705 | 2,480 | 2,051 | 1,508 | 1,298 | 1,296 |
| Total debt | 111 | 172 | 161 | 174 | 415 | 628 | 740 |
| Cash & bank | 18.17 | 23.84 | 14.80 | 27.21 | 5.06 | 8.09 | 3.94 |
| Net working capital | 527 | 567 | 381 | 279 | 199 | 217 | 235 |
| Cash flow | |||||||
| Cash from operations | 298 | 157 | 454 | 695 | 382 | 239 | 544 |
| Cash from investing | (178) | (82.02) | (356) | (371) | (87.66) | (58.56) | (771) |
| Cash from financing | (126) | (65.65) | (100) | (311) | (299) | (177) | 225 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 813 | 638 | 707 | 591 | 645 | 556 | 631 | 629 |
| Revenue growth (YoY) | +26.1% | +14.8% | +12.1% | -6.1% | +5.8% | -13.4% | - | - |
| Other income | 27.41 | 23.57 | 7.80 | 15.99 | 27.28 | 17.87 | 25.42 | 54.50 |
| Total expenses | 657 | 491 | 597 | 534 | 574 | 479 | 567 | 575 |
| EBITDA | 156 | 147 | 110 | 57.05 | 70.18 | 76.56 | 64.35 | 54.36 |
| EBITDA margin | +19.1% | +23.0% | +15.6% | +9.7% | +10.9% | +13.8% | +10.2% | +8.6% |
| Depreciation | 30.24 | 29.40 | 35.70 | 34.01 | 32.84 | 29.92 | 30.39 | 28.57 |
| Interest | 5.05 | 4.63 | 5.98 | 5.68 | 5.48 | 5.12 | 5.61 | 5.39 |
| Profit before tax | 148 | 137 | 76.14 | 33.35 | 59.14 | 59.39 | 53.77 | 74.90 |
| Tax | 37.18 | 27.89 | 27.28 | 14.73 | 14.13 | 18.34 | 12.37 | 16.68 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,277 | 1,051 | 1,245 | 1,036 | 1,043 | 955 | 1,041 | 1,016 |
| Revenue growth (YoY) | +22.4% | +10.1% | +19.6% | +2.0% | -0.2% | -0.6% | - | - |
| Other income | 29.49 | 44.67 | 3.06 | 44.63 | 22.54 | 44.66 | 44.84 | 69.38 |
| EBITDA | 194 | 203 | 157 | 76.70 | 68.01 | 110 | 80.75 | 82.58 |
| EBITDA margin | +15.2% | +19.3% | +12.6% | +7.4% | +6.5% | +11.6% | +7.8% | +8.1% |
| Depreciation | 60.49 | 59.03 | 65.35 | 63.35 | 61.80 | 57.81 | 56.62 | 53.13 |
| Interest | 10.70 | 7.69 | 10.20 | 10.67 | 9.87 | 10.96 | 12.90 | 9.94 |
| Profit before tax | 152 | 181 | 84.79 | 47.31 | 18.88 | 86.34 | 56.07 | 88.89 |
| Tax | 40.41 | 39.41 | 30.82 | 17.72 | 6.98 | 26.07 | 9.91 | 21.49 |
| Net profit | 112 | 142 | 53.97 | 29.59 | 11.90 | 60.27 | 46.16 | 67.40 |
| EPS (₹) | 16.77 | 20.21 | 7.85 | 4.07 | 2.65 | 8.24 | 6.66 | 9.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,279 | 4,062 | 4,448 | 4,921 | 3,378 | 2,245 | 2,493 |
| Revenue growth | +5.3% | -8.7% | -9.6% | +45.7% | +50.5% | -10.0% | - |
| Other income | 114 | 210 | 170 | 77.57 | 58.22 | 24.66 | 53.59 |
| Total expenses | 3,866 | 3,580 | 3,356 | 3,294 | 2,744 | 1,996 | 1,877 |
| Employee cost | 424 | 403 | 391 | 367 | 359 | 313 | 223 |
| EBITDA | 413 | 482 | 1,092 | 1,627 | 633 | 249 | 616 |
| EBITDA margin | +9.7% | +11.9% | +24.6% | +33.1% | +18.8% | +11.1% | +24.7% |
| Depreciation | 248 | 210 | 185 | 189 | 213 | 229 | 198 |
| Interest | 41.71 | 38.18 | 23.90 | 37.07 | 58.70 | 70.11 | 74.96 |
| Profit before tax | 237 | 444 | 1,053 | 1,478 | 420 | (26.16) | 397 |
| Tax | 81.59 | 108 | 267 | 391 | 74.53 | (21.79) | (9.48) |
| Net profit | 151 | 320 | 694 | 956 | 310 | 5.92 | 372 |
| Net profit margin | +3.5% | +7.9% | +15.6% | +19.4% | +9.2% | +0.3% | +14.9% |
| EPS (₹) | 22.80 | 47.11 | 104.77 | 142.62 | 46.49 | (0.47) | 56.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.21 | 13.21 | 13.21 | 13.21 | 13.21 | 13.21 | 13.21 |
| Reserves & surplus | 3,592 | 3,475 | 3,226 | 2,565 | 1,670 | 1,376 | 1,375 |
| Shareholders' funds (net worth) | 3,608 | 3,491 | 3,242 | 2,581 | 1,686 | 1,389 | 1,388 |
| Minority interest | 578 | 579 | 569 | 484 | 349 | 316 | 316 |
| Secured loans | 313 | 325 | 185 | 119 | 313 | 579 | 673 |
| Unsecured loans | 31.68 | 131 | 91.01 | 112 | 166 | 83.50 | 79.48 |
| Total debt | 345 | 456 | 276 | 231 | 478 | 662 | 753 |
| Total liabilities | 4,688 | 4,707 | 4,234 | 3,439 | 2,660 | 2,518 | 2,616 |
| Assets | |||||||
| Gross block | 4,939 | 4,651 | 4,230 | 3,844 | 3,769 | 3,689 | 3,635 |
| Net block | 2,182 | 2,126 | 1,882 | 1,659 | 1,757 | 1,873 | 2,018 |
| Capital work in progress | 290 | 172 | 210 | 54.73 | 21.75 | 33.68 | 56.92 |
| Investments | 1,492 | 1,604 | 1,730 | 1,310 | 472 | 220 | 44.80 |
| Inventories | 807 | 871 | 682 | 492 | 396 | 412 | 548 |
| Sundry debtors | 387 | 350 | 257 | 332 | 242 | 204 | 142 |
| Cash & bank balances | 37.60 | 32.59 | 43.47 | 75.04 | 60.14 | 91.47 | 175 |
| Loans & advances | 160 | 237 | 172 | 134 | 256 | 184 | 137 |
| Total current assets | 1,391 | 1,491 | 1,155 | 1,034 | 954 | 892 | 1,002 |
| Total current liabilities | 639 | 673 | 743 | 645 | 573 | 501 | 489 |
| Net working capital | 753 | 817 | 412 | 389 | 381 | 391 | 513 |
| Total assets | 4,688 | 4,707 | 4,234 | 3,439 | 2,660 | 2,518 | 2,616 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 25.29 | 25.47 | 36.09 | 26.16 | 21.00 | 15.76 | 6.92 |
| Net cash from operating activities | 400 | 99.22 | 764 | 1,238 | 591 | 338 | 649 |
| Net cash from investing activities | (188) | (172) | (714) | (894) | (289) | (166) | (858) |
| Net cash from financing activities | (206) | 72.15 | (60.91) | (334) | (295) | (167) | 218 |
| Net change in cash | 6.92 | (0.18) | (10.62) | 9.93 | 6.81 | 5.23 | 8.84 |
| Closing cash | 37.60 | 32.59 | 43.47 | 75.04 | 60.14 | 91.47 | 175 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.3% | -8.7% | -9.6% | +45.7% | +50.5% | -10.0% | - |
| EBITDA growth | -14.3% | -55.9% | -32.9% | +156.8% | +154.8% | -59.7% | - |
| PBT growth | -46.5% | -57.9% | -28.7% | +251.5% | +9998.0% | - | +21.9% |
| Net income growth | -52.9% | -53.9% | -27.5% | +208.3% | +5139.4% | -98.4% | - |
| Revenue CAGR (3Y) | -4.6% | +6.4% | +25.6% | +25.4% | +19.5% | +9.5% | - |
| EBITDA CAGR (3Y) | -36.7% | -8.7% | +63.8% | +38.2% | +7.4% | -11.8% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.6% | +8.3% | +17.7% | +22.1% | +10.2% | -0.2% | +16.3% |
| Return on capital employed | +6.8% | +12.4% | +32.5% | +57.5% | +21.2% | +2.5% | +24.1% |
| Return on net worth | +4.4% | +10.0% | +27.0% | +51.0% | +22.5% | +0.3% | +32.6% |
| Debt / equity | 0.11 | 0.11 | 0.09 | 0.17 | 0.37 | 0.51 | 0.45 |
| Long-term debt / equity | 0.07 | 0.06 | 0.05 | 0.10 | 0.24 | 0.34 | 0.28 |
| Interest cover | 25.34 | 14.04 | 2.64 | 2.58 | 13.95 | 363.45 | 17.92 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.89 | 0.91 | 1.10 | 1.29 | 0.91 | 0.61 | 0.82 |
| Inventory turnover | 5.10 | 5.23 | 7.58 | 11.08 | 8.36 | 4.68 | 5.11 |
| Debtors turnover | 11.61 | 13.38 | 15.09 | 17.13 | 15.14 | 12.98 | 16.33 |
| EPS (₹) | 22.80 | 47.11 | 104.77 | 142.62 | 46.49 | (0.47) | 56.08 |
| Dividend per share (₹) | 3.00 | 5.00 | 8.00 | 10.00 | 6.00 | 1.00 | 5.00 |
| Book value per share (₹) | 545.81 | 528.19 | 490.38 | 390.31 | 254.88 | 210.28 | 210.18 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 813 | 638 | 707 | 591 | 645 | 556 | 631 | 629 |
| Revenue growth (YoY) | +26.1% | +14.8% | +12.1% | -6.1% | +5.8% | -13.4% | - | - |
| Other income | 27.41 | 23.57 | 7.80 | 15.99 | 27.28 | 17.87 | 25.42 | 54.50 |
| Total expenses | 657 | 491 | 597 | 534 | 574 | 479 | 567 | 575 |
| EBITDA | 156 | 147 | 110 | 57.05 | 70.18 | 76.56 | 64.35 | 54.36 |
| EBITDA margin | +19.1% | +23.0% | +15.6% | +9.7% | +10.9% | +13.8% | +10.2% | +8.6% |
| Depreciation | 30.24 | 29.40 | 35.70 | 34.01 | 32.84 | 29.92 | 30.39 | 28.57 |
| Interest | 5.05 | 4.63 | 5.98 | 5.68 | 5.48 | 5.12 | 5.61 | 5.39 |
| Profit before tax | 148 | 137 | 76.14 | 33.35 | 59.14 | 59.39 | 53.77 | 74.90 |
| Tax | 37.18 | 27.89 | 27.28 | 14.73 | 14.13 | 18.34 | 12.37 | 16.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,498 | 2,511 | 2,623 | 2,810 | 1,985 | 1,368 | 1,982 |
| Revenue growth | -0.5% | -4.3% | -6.7% | +41.6% | +45.1% | -31.0% | - |
| Other income | 68.94 | 150 | 96.84 | 45.65 | 29.96 | 9.95 | 47.59 |
| Total expenses | 2,185 | 2,162 | 1,967 | 1,908 | 1,580 | 1,177 | 1,501 |
| Employee cost | 232 | 228 | 220 | 200 | 182 | 164 | 160 |
| EBITDA | 314 | 350 | 656 | 902 | 406 | 191 | 481 |
| EBITDA margin | +12.6% | +13.9% | +25.0% | +32.1% | +20.4% | +14.0% | +24.3% |
| Depreciation | 132 | 113 | 109 | 119 | 138 | 153 | 166 |
| Interest | 22.25 | 20.10 | 19.13 | 29.34 | 52.79 | 65.18 | 72.04 |
| Profit before tax | 228 | 367 | 624 | 799 | 244 | (17.62) | 290 |
| Tax | 74.49 | 82.11 | 148 | 212 | 26.34 | (19.67) | 13.98 |
| Net profit | 153 | 287 | 477 | 588 | 218 | 7.74 | 277 |
| Net profit margin | +6.1% | +11.4% | +18.2% | +20.9% | +11.0% | +0.6% | +14.0% |
| EPS (₹) | 23.25 | 43.11 | 72.10 | 88.89 | 33.02 | 0.31 | 41.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.21 | 13.21 | 13.21 | 13.21 | 13.21 | 13.21 | 13.21 |
| Reserves & surplus | 2,808 | 2,689 | 2,464 | 2,035 | 1,492 | 1,285 | 1,282 |
| Shareholders' funds (net worth) | 2,824 | 2,705 | 2,480 | 2,051 | 1,508 | 1,298 | 1,296 |
| Secured loans | 87.68 | 114 | 82.33 | 78.68 | 308 | 552 | 668 |
| Unsecured loans | 23.32 | 57.38 | 78.83 | 95.29 | 107 | 76.32 | 71.64 |
| Total debt | 111 | 172 | 161 | 174 | 415 | 628 | 740 |
| Total liabilities | 3,092 | 3,042 | 2,789 | 2,366 | 2,065 | 2,067 | 2,175 |
| Assets | |||||||
| Gross block | 3,035 | 2,828 | 2,711 | 2,619 | 2,597 | 2,543 | 2,498 |
| Net block | 788 | 703 | 674 | 671 | 754 | 835 | 913 |
| Capital work in progress | 7.51 | 139 | 96.19 | 25.35 | 14.08 | 24.69 | 55.32 |
| Investments | 1,779 | 1,626 | 1,629 | 1,335 | 1,001 | 912 | 912 |
| Inventories | 529 | 544 | 442 | 311 | 246 | 240 | 324 |
| Sundry debtors | 225 | 239 | 195 | 185 | 134 | 126 | 101 |
| Cash & bank balances | 18.17 | 23.84 | 14.80 | 27.21 | 5.06 | 8.09 | 3.94 |
| Loans & advances | 76.80 | 128 | 86.70 | 66.78 | 81.21 | 70.31 | 28.79 |
| Total current assets | 849 | 935 | 738 | 590 | 466 | 444 | 458 |
| Total current liabilities | 322 | 368 | 357 | 311 | 267 | 227 | 223 |
| Net working capital | 527 | 567 | 381 | 279 | 199 | 217 | 235 |
| Total assets | 3,092 | 3,042 | 2,789 | 2,366 | 2,065 | 2,067 | 2,175 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.26 | 12.41 | 14.59 | 1.35 | 5.55 | 1.42 | 2.26 |
| Net cash from operating activities | 298 | 157 | 454 | 695 | 382 | 239 | 544 |
| Net cash from investing activities | (178) | (82.02) | (356) | (371) | (87.66) | (58.56) | (771) |
| Net cash from financing activities | (126) | (65.65) | (100) | (311) | (299) | (177) | 225 |
| Net change in cash | (5.51) | 8.85 | (2.18) | 13.24 | (4.20) | 4.13 | (0.84) |
| Closing cash | 18.17 | 23.84 | 14.80 | 27.21 | 5.06 | 8.09 | 3.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.5% | -4.3% | -6.7% | +41.6% | +45.1% | -31.0% | - |
| EBITDA growth | -10.3% | -46.7% | -27.4% | +122.5% | +112.2% | -60.3% | - |
| PBT growth | -37.8% | -41.2% | -21.9% | +227.0% | +9998.0% | - | -10.8% |
| Net income growth | -46.5% | -39.9% | -18.9% | +169.6% | +2717.7% | -97.2% | - |
| Revenue CAGR (3Y) | -3.8% | +8.2% | +24.2% | +12.3% | +0.1% | -7.2% | +3.9% |
| EBITDA CAGR (3Y) | -29.7% | -4.8% | +50.8% | +23.3% | -7.3% | -19.2% | +12.5% |
| Profitability & leverage | |||||||
| Net income margin | +6.1% | +11.3% | +18.2% | +20.9% | +11.0% | +0.2% | +13.9% |
| Return on capital employed | +8.2% | +13.3% | +25.0% | +37.4% | +14.4% | +2.5% | +19.2% |
| Return on net worth | +5.6% | +11.0% | +21.0% | +33.0% | +15.5% | +0.6% | +23.0% |
| Debt / equity | 0.05 | 0.06 | 0.07 | 0.17 | 0.37 | 0.53 | 0.46 |
| Long-term debt / equity | 0.03 | 0.04 | 0.04 | 0.09 | 0.23 | 0.36 | 0.28 |
| Interest cover | 12.27 | 8.48 | 3.50 | 3.75 | 19.75 | 173.30 | 22.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.85 | 0.91 | 0.98 | 1.08 | 0.77 | 0.54 | 0.81 |
| Inventory turnover | 4.66 | 5.10 | 6.97 | 10.08 | 8.16 | 4.85 | 5.27 |
| Debtors turnover | 10.77 | 11.58 | 13.81 | 17.63 | 15.32 | 12.06 | 15.02 |
| EPS (₹) | 23.25 | 43.11 | 72.10 | 88.89 | 33.02 | 0.31 | 41.85 |
| Dividend per share (₹) | 3.00 | 5.00 | 8.00 | 10.00 | 6.00 | 1.00 | 5.00 |
| Book value per share (₹) | 427.18 | 409.10 | 375.13 | 310.03 | 227.82 | 196.59 | 196.15 |
To see the full year-wise statements and ratios of West Coast Paper Mills Limited, buy the company report.
Board of directors of West Coast Paper Mills Limited
West Coast Paper Mills has 10 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Bangur Also directs: Andhra Paper Limited, Shree Satyanarayan Properties Private Limited, Shree Satyanarayan Investments Company Limited and 4 more | Director | 28 Jun 2004 | 22 Years 4 Months | Current |
| Rajendra Jain | Whole-Time Director | 31 Jul 2015 | 11 Years 3 Months | Current |
| Shiv Ratan Goenka Also directs: Bengal Beverages Pvt Ltd, Aajg Solutions Private Limited, Global Acqua Private Limited and 2 more | Director | 29 Jan 2021 | 5 Years 9 Months | Current |
| Vinod Balmukand Agarwala | Director | 26 May 2022 | 4 Years 5 Months | Current |
| Ashok Kumar Garg | Director | 10 Feb 2022 | 4 Years 9 Months | Current |
| Shree Kumar Bangur Also directs: Andhra Paper Limited, Kilkotagiri and Thirumbadi Plantations Limited, The Marwar Textiles (Agency) Private Limited and 4 more | Managing Director | 01 Dec 1998 | 27 Years 11 Months | Current |
Auditor
West Coast Paper Mills Limited is audited by Singhi & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2025 | 302049E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 56.60%, foreign institutional investors hold 2.60%, domestic institutional investors hold 13.60% and retail and other public shareholders hold 27.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 56.60% | 56.60% | 56.60% | 56.60% |
| Public | 43.40% | 43.40% | 43.40% | 43.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2023 | 100723181 | State Bank of India | ₹41.25 Cr | Open | |
| 03 Feb 2023 | 100679619 | State Bank of India | ₹90 Cr | Open | |
| 08 Aug 2009 | 10174549 | Others | ₹405 Cr | Open | |
| 16 Dec 2021 | 100515588 | Others | ₹100 Cr | Satisfied | |
| 28 Sep 2020 | 100379505 | Others | ₹75 Cr | Satisfied |
To see the full charge records of West Coast Paper Mills Limited, buy the company report.
Total charge records: 49 View all charges
Deals & funding
West Coast Paper Mills Limited has 22 deals on record (16 market trades, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹215.63 Cr; the latest was in July 2024.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Market trade | ₹30.64 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2023 | Market trade | ₹25.76 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2012 | Market trade | ₹22.57 Cr | Buyer: Crosseas Capital Markets Private Limited , Marwadi Shares and Finance Limited Seller: Crosseas Capital Markets Private Limited , Marwadi Shares and Finance Limited |
| Sep 2012 | Market trade | ₹14.12 Cr | Buyer: Crosseas Capital Markets Private Limited , Marwadi Shares and Finance Limited , Nikhil Securities Private Limited Seller: Crosseas Capital Markets Private Limited , Marwadi Shares and Finance Limited , Nikhil Securities Private Limited |
| Sep 2012 | Market trade | ₹5.96 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
To see the full deal history of West Coast Paper Mills Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
West Coast Paper Mills Limited has 445 court cases on record: 329 filed by West Coast Paper Mills, 118 filed against it. 55 cases are pending and 390 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 276 | 59 | 37 |
| District courts | 147 | 49 | 16 |
| Supreme Court | 22 | 10 | 2 |
Cases on record (5 of 445)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Government of Karnataka | Pending |
| Supreme Court | Court case (0406-Indirect Taxes Matters : Cess Acts (Rubber, Coffee, Tea, Sugar, etc.)) | Filed against the company by West Coast Paper Mills Ltd. Through Its Authorised Executive Director, Rajendra Jain S/O Amolak Chand Jain R/O Executive Bungalow No. 13, Registered Office at Post Box No. 5, Bangur Nagar, Dandeli ,Uttara Kannada , Karnataka | Pending |
| Supreme Court | Court case (0406-Indirect Taxes Matters : Cess Acts (Rubber, Coffee, Tea, Sugar, etc.)) | Filed by the company against Bharat Bhandari S/D/W/Thru:- Dr. Gopaldas Bhandari Shareholder of West Coast Paper Mills Ltd. R/O T Type H. No. 30, Office at Post Boox No. 5, Bangur Nagar, Dandeli ,Uttara Kannada , Karnataka and 2 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Goods and Services Tax Network and 11 others | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kredx Finance Pvt. Ltd. | Disposed |
To see the full case history of West Coast Paper Mills Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
West Coast Paper Mills Limited was last rated by Icra on 26 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 Nov 2020 |
To see the full credit ratings and regulatory alerts of West Coast Paper Mills Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for West Coast Paper Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
West Coast Paper Mills has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Andhra Paper Limited | L21010AP1964PLC001008 | |
| Wesco Defence Systems Limited | U30400WB2023PLC261488 | |
| West Coast Opticable Limited | U32309KA2017PLC108600 | |
| Uniply Decor Limited | U65910TN1988PLC016616 |
To see the full group structure of West Coast Paper Mills Limited, buy the company report.
Employees & EPFO
West Coast Paper Mills Limited has a workforce of 2,473 employees on its EPFO records as of Aug 22, 2025, across 1 active EPFO establishment.
GST
West Coast Paper Mills has 18 GST registrations: 12 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT4179N1ZO | Karnataka | Active | 01 Jul 2017 |
| 29AAACT4179N2ZN | Karnataka | Active | 24 Jul 2017 |
| 07AAACT4179N1ZU | Delhi | Active | 01 Jul 2017 |
| 19AAACT4179N1ZP | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of West Coast Paper Mills Limited, buy the company report.
Recent activity
West Coast Paper Mills Limited has 41 board changes on record since 1987: 26 appointments and 15 cessations. The latest: Sudarshan Vijaynarain Somani ceased to be Director on 10 Nov 2023.
138 earlier events are in the company report.
News
Frequently asked questions
West Coast Paper Mills is an active public limited company based in Dandeli, Karnataka, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 25 March 1955 (71+ years old) and is registered under CIN L02101KA1955PLC001936. Listed on BSE: 500444 and NSE: WSTCSTPAPR.
West Coast Paper Mills reported revenue of ₹4,278.79 Cr for FY 2025-26 (up 5.3% YoY) based on consolidated financials.
West Coast Paper Mills has 10 current directors:
- Shree Kumar Bangur - Managing Director
- Rajendra Jain - Whole-Time Director
- Virendraa Bangur - Whole-Time Director
- Saurabh Bangur - Director
- Shiv Ratan Goenka - Director
- Vinod Balmukand Agarwala - Director
- Ashok Kumar Garg - Director
- Shashi Bangur - Director
- Prakash Ramswaroop Kacholia - Director
- Sudha Bhushan - Director
The latest financial statements of West Coast Paper Mills on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of West Coast Paper Mills is 29AAACT4179N1ZO, registered in Karnataka. The company has 18 GST registrations in all, of which 12 are active and 6 are cancelled or inactive. Other active GSTINs include 29AAACT4179N2ZN (Karnataka), 07AAACT4179N1ZU (Delhi), 19AAACT4179N1ZP (West Bengal).
The CIN (Corporate Identification Number) of West Coast Paper Mills is L02101KA1955PLC001936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. West Coast Paper Mills is a listed company as per MCA records. Its shares are listed on both BSE (code: 500444) and NSE (symbol: WSTCSTPAPR).
West Coast Paper Mills has 445 court cases on record: 329 filed by the company and 118 filed against it. 55 are pending. Most are in the high courts.
West Coast Paper Mills was incorporated on 25 March 1955, making it 71+ years old. It is registered with the Registrar of Companies, Bangalore.
West Coast Paper Mills has 22 deals on record (16 market trades, 5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹215.63 Cr; the latest was in July 2024.

