• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
ICRA upgrades LT ratings of West Coast Paper Mills; maintains 'stable' outlook
(11:50, 25 Nov 2022)

The agency has reaffirmed the company's short-term rating at [ICRA] A1+”.

ICRA said that the rating action considers the healthy improvement in the financial profile of West Coast Paper Mills (WCPL) in the last one year and expectation that the performance trend is expected to continue over the medium term.

The ratings remain supported by the strong market position of WCPL and its subsidiary, Andhra Paper (APL), in the domestic writing and printing paper (PWP) industry.

ICRA also notes its strong technical capabilities in manufacturing a variety of wood free paper, cupstocks, special grade papers, etc, and its integrated nature of operations with adequate in-house capacity to manufacture virgin pulp, along with their captive power plants.

The ratings, however, remain constrained by the inherent cyclicality in the domestic paper industry, with earnings and return indicators moderating during periods of downturns and improving thereafter (as witnessed in past).

The margins also remain vulnerable to the fluctuation in raw material and fuel prices. Also, with imports accounting for a certain portion of domestic demand, domestic prices are largely determined by global trends in paper prices.

While the long-term demand environment remains favourable as a result of lower per-capita domestic paper consumption (compared to global standards), rising digitisation remains a key headwind.

The 'stable' outlook factors in the strong market position of the company in the domestic paper industry along with steady demand for its product portfolio along with strong liquidity levels.

West Coast Paper Mills is the flagship entity of the SK Bangur Group. The company manufactures writing and printing papers, among other products, from its 3.2-lakh MTPA paper manufacturing plant at Dandeli, Karnataka. The company is backward integrated with a 2.64-lakh MTPA, in-house, pulp production capacity and 75- MW captive power generation capacity. WCPL sells its products across India through its dealership network.

In H1 FY2023, WCPL reported a consolidated net profit of Rs. 455.1 crore on an operating income of Rs. 2,327.0 crore over a net profit of Rs. 116.9 crore on an operating income of Rs. 1,441.0 crore in H1 FY2022.

The scrip rose 0.34% to currently trade at Rs 634.25 on the BSE.

Powered by Capital Market - Live News

.
Stock Broker Name Registration Number Registered Address Branch Address Contact Number Email id
DB (International) Stock Brokers Limited INZ000179035 (BROKING)

IN-DP-CDSL-266-2004 (DEPOSITORY)
Unit No. 210/211/211A at 2nd floor, Dalal Street Commercial Cooperative Society Ltd, Block No.53, Zone 5, Gift City, Gandhinagar, Gujarat-382355 Head Office – 114, New Delhi House, 27 Barakhamba Road, Delhi 110001 011-43606162 compliance@dbonline.in
51, Mini Market T/F Mandir Wali Gali, Yusaf Sarai, New Delhi 110016 011-35936102 greenpark@dbonline.in
C-12, DB Plaza, RDC Raj Nagar, Ghaziabad 201002 0120-4150393 ghaziabad@dbonline.in
Plot No 4, Wasme House, Film City Sector 16A, Noida – 201301 0120-4823200 compliance@dbonline.in
Out Side Jassusar Gate, Bikaner, Rajasthan – 334001 9001643408 bikaner@dbonline.in
Office No 101, City Center, Opp. High Court, M G Road, Indore 452001 9424083019 brajeshsadani@dbonline.in
203, Marshal House 25, Strand Road, Kolkata 700001 033-40055270 b032@dbonline.in
Shop No.-7, 2nd Floor, Amar Complex, Opp. Hanumaan Mandir, The Mall, Solan- 173212 6230604596 parwanoo@dbonline.in
Daga Commodities Private Limited INZ000028833 114, New Delhi House, 27 Barakhamba Road, Delhi 110001- 0120-4823200 compliance@dbonline.in
Daga Business (International) Stock Brokers (IFSC) Private Limited INZ000202436 Unit No. 228, Signature Building, Second Floor, Block 13B, Zone-1, Gift SEZ, Gandhinagar, Gujarat 382355 - 0120-4823200 compliance@dbonline.in

Disclosure regarding proprietary trading:

As required under Circular No. SEBI/MRD/SE/Cir-42/2003 dated 19.11.2003 issued by the Securities and Exchange Board of India; We hereby disclose that in addition to client based business, We are also doing proprietary trading.

Investor Grievances Email ID: investorgrievance@dbonline.in


Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries | Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. | Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. | Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month........... Issued in the interest of Investors"