iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

India Ratings revises West Coast Papers outlook to positive

10 Jun 2022 , 12:01 PM

India Ratings said that it continues to take a consolidated view of WCPM and its subsidiaries, Andhra Paper (APL) and West Coast Opticable (WCPM). Both WCPM and APL are in the same business of manufacturing paper, with APL accounting for around 45% of the combined capacity. WCOL has moderate linkages with its parent, WCPM. Therefore, India Ratings has referred to the consolidated credit profile of WCPM throughout the rationale. The positive outlook reflects India Ratings expectation of a sustained growth in the consolidated revenue and the maintaining of strong profitability and credit metrics, as the benefits of the improvement in business profile post the acquisition of APL have kicked in with the recovery in demand. India Ratings further stated that a sustained strong profitability and growth in revenue along with maintaining of credit metrics could lead to an upgrade of the ratings. However, a sharp deterioration in profitability and/or increase in debt, leading to the net adjusted leverage exceeding 1x, on a sustained basis, could lead to the outlook being revised back to stable. West Coast Paper Mills is the flagship company of Kolkata based- SK Bangur Group. The company operates in two segments- paper and optic fibre cable. The paper division accounts for around 95% of the total revenue. The company reported 66.24% rise in consolidated net profit to Rs 124.55 crore on a 13.91% increase in sales to Rs 1067.37 crore in Q4 FY22 over Q4 FY21. The scrip slipped 1.22% to currently trade at Rs 337.20 on the BSE. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.