WSTCSTPAPR - West Coast Paper Mills

West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India.

The company has established itself as a leading manufacturer of high-quality paper suitable for printing, writing, and packaging purposes. Its paper products, known for their global quality standards, find application across a wide spectrum of industries including printing, writing, publishing, stationery, notebooks, and packaging.

In the fiscal year 2020, the company made a significant move by acquiring a substantial stake in Andhra Papers(72%).

Furthermore, the company operates a state-of-the-art manufacturing facility in Mysore, dedicated to the production of optical fiber cables.

🔹 Technicals:

▸ Price has been moving in 40% range for the last 1 year
▸ Price is above all key MAs, which is a positive sign
▸ Weekly breakout followed by a pause
▸ The price is near the previous ATH and 20 EMA. This creates a confluence zone.
▸ Good chance that it goes into consolidation in the current range before heading higher.
▸ A demand zone is present at 580-615. This is also coinciding with 50 EMA.
▸ 200 EMA is also coinciding with the demand zone, thereby creating a confluence zone.

🔸 Financials:

March 2023
▸ Sales: 4921 Cr
▸ Sales Growth: 45%
▸ Net Profit: 1087 Cr
▸ Net Profit Growth: 214%
▸ Debt/Reserves ratio: 9%
▸ OPM: 12%

March 2022
▸ Sales: 3378 Cr
▸ Sales Growth: 50%
▸ Net Profit: 346 Cr
▸ Net Profit Growth: 8650%
▸ Debt/Reserves ratio: 28%
▸ OPM: 19%

March 2021
▸ Sales: 2245 Cr
▸ Sales Growth: -10%
▸ Net Profit: -4 Cr
▸ Net Profit Growth: -101%
▸ Debt/Reserves ratio: 49%
▸ OPM: 33%

Rising sales with promising profit growth, OPM% and reducing debt makes the stock a good candidate from a positional perspective.

Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.


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