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Will West Coast Paper reap the sector dividends?

After a dip in FY21, a sharp recovery in West Coast Paper, led by demand revival, was seen in FY22

July 05, 2022 / 02:15 PM IST
Will West Coast Paper reap the sector dividends?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

West Coast Paper Mills Ltd (WCPM; CMP: Rs 349.00; M Cap: Rs 2,305 crore), together with its subsidiaries, Andhra Paper Ltd (APL; WCPM owns a 72.2 percent stake) and West Coast Opticable Ltd, progressed towards healthy recovery, post the pandemic blues. The much-needed capacity boost from APL acquisition (in 2019) came in handy, and the combined capacity added heft to top line and margins. Although there are concerns about rising input prices and coal availability, WCPM’s renewed strength and dexterity places...

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