West Coast Paper Mills Limited has informed the Exchange about Board Recommended a Dividend of Rs.3/- (150%) per Equity Share
WSTCSTPAPR · price
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West Coast Paper Mills board recommended a dividend of Rs.3 per share (150% on Rs.2 face value), down from Rs.5 per share (250%) in the previous year. Standalone net profit fell sharply to Rs.15,353 lakhs from Rs.28,471 lakhs in FY25 — a ~46% decline — driven largely by weaker paper segment performance. Consolidated net profit similarly dropped to Rs.15,573 lakhs from Rs.33,564 lakhs. Revenue from operations held roughly flat at around Rs.2.5 lakh lakhs (standalone). The board also reappointed three key directors. Note: Andhra Paper subsidiary (Kadiyam plant) is under a lockout since May 1, 2026 due to an illegal strike by contract workers, creating operational uncertainty.
The dividend was cut from Rs.5 to Rs.3 per share, reflecting the company's earnings contraction. At the current market price (approximately Rs.400-450), the dividend yield is below 1%, which is modest. The profit decline and subsidiary lockout are negatives for near-term sentiment, though the company maintains cash-generating operations in its core Paper and Paper Board segment.