Board Recommended Dividend
WSTCSTPAPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.4 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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West Coast Paper Mills board recommended a dividend of Rs. 3 per share (150% on face value Rs. 2) for FY2026, subject to shareholder approval at AGM. This is a reduction from Rs. 5 per share (250%) paid in FY2025. For context, net profit dropped significantly to Rs. 15,353 lakhs from Rs. 28,471 lakhs in the previous year, a decline of about 46%. The company also reported an unmodified audit opinion on its standalone and consolidated financial results. Additionally, Andhra Paper Limited (a subsidiary) has an ongoing lockout at its Kadiayam plant since May 1, 2026, following an illegal strike by contract workmen.
The dividend cut reflects the company's lower profitability this year. While the dividend signals continued shareholder returns, the reduction may modestly weigh on investor sentiment. The lockout at the subsidiary adds operational risk. However, the company maintains positive cash flows and earnings per share of Rs. 23.25.