THE WESTERN INDIA PLY LTD

Manufactures and sells plywood boards, laminates, and doors in India. Operates through a parent entity alongside four subsidiaries, including Mayabandar Doors Limited, which closed its Mysore factory in February 2026 citing operational and financial unviability, triggering a Rs 39.92 lakh provision for terminated employee obligations. Domestic sales contributed 87.1% of segment revenue and exports 12.9%, per disclosures for the period ended 31 March 2017. Raw materials form the largest cost line at 38.2% of revenue in FY26, followed by other operating expenses (40.3%), employee costs (15.8%), and depreciation (1.7%); the new Labour Codes effective 21 November 2025 were noted as an additional drag on employee benefit expenses. FY26 revenue was Rs 118.88 cr with net profit of Rs 0.45 cr. The board declared a final dividend of Rs 1.20 per equity share (face value Rs 10) for FY25.