---
title: "Western India Cottons Ltd (532026) — Share Price, Financials & Analysis"
symbol: "532026"
company: "Western India Cottons Ltd"
canonical: "https://tapetide.com/stocks/532026"
isin: "INE078F01017"
bse_code: "532026"
generated_at: "2026-10-13T11:00:47.451Z"
---

# Western India Cottons Ltd (532026)

Canonical page: https://tapetide.com/stocks/532026

## Company

- **BSE Code:** 532026
- **ISIN:** INE078F01017
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** thewicltd.com

## About

Western India Cottons Ltd. is engaged in manufacturing cotton yarn, hosiery material and cloth.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.60% over past five years.
- Company has a low return on equity of -1.33% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -1000% | -8% | 19% |
| revenue growth | -20% | 1% | 1% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.36 | 1.23 | 0.96 | 1.09 | 1.09 | 1.2 | 0.74 | 0.99 | 0.93 | 0.79 | 0.79 | 0.69 |
| Expenses | 1.19 | 1.16 | 0.88 | 0.97 | 1.12 | 1.29 | 1 | 1.36 | 1.37 | 1.04 | 0.97 | 1.73 |
| Operating Profit | 0.17 | 0.07 | 0.08 | 0.12 | -0.03 | -0.09 | -0.26 | -0.37 | -0.44 | -0.25 | -0.18 | -1.04 |
| OPM % | 12.5 | 5.69 | 8.33 | 11.01 | -2.75 | -7.5 | -35.14 | -37.37 | -47.31 | -31.65 | -22.78 | -150.72 |
| Other Income | 0 | 0 | 0 | 0.02 | 0.19 | 0.2 | 0.21 | 0.27 | 0.19 | 0.17 | 0.23 | 1.61 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.16 | 0.06 | 0.07 | 0.07 | 0.14 | 0.09 | -0.08 | -0.12 | -0.27 | -0.1 | 0.03 | 0.55 |
| Tax % | 0 | 0 | 0 | 0 | 28.57 | 33.33 | -37.5 | -50 | 0 | -20 | -33.33 | 7.27 |
| Net Profit | 0.15 | 0.05 | 0.07 | 0.06 | 0.1 | 0.06 | -0.05 | -0.06 | -0.27 | -0.08 | 0.03 | 0.51 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.85 | 3.95 | 3.64 | 3.94 | 3.89 | 3.97 | 3.81 | 3.88 | 4.06 | 3.2 |
| Expenses | 4.91 | 4.07 | 8.93 | 4.04 | 4.26 | 4.71 | 4.93 | 4.39 | 4.7 | 5.11 |
| Operating Profit | -1.06 | -0.12 | -5.29 | -0.1 | -0.37 | -0.74 | -1.12 | -0.51 | -0.64 | -1.91 |
| OPM % | -27.53 | -3.04 | -145.33 | -2.54 | -9.51 | -18.64 | -29.4 | -13.14 | -15.76 | -59.69 |
| Other Income | 2.98 | 1 | 10.35 | 0.48 | 0.69 | 0.94 | 1.38 | 0.76 | 0.85 | 2.2 |
| Interest | 0.1 | 0.04 | 0.02 | 0.11 | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Depreciation | 0.06 | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.43 | 0.08 | 0.08 | 0.08 |
| Profit before tax | 1.76 | 0.78 | 4.98 | 0.21 | 0.19 | 0.15 | -0.18 | 0.16 | 0.12 | 0.21 |
| Tax % | -2.84 | -3.85 | 10.24 | 257.14 | 26.32 | -26.67 | 0 | 62.5 | -8.33 | — |
| Net Profit | 1.81 | 0.81 | 4.47 | -0.33 | 0.14 | 0.19 | -0.19 | 0.06 | 0.13 | 0.19 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.93 | 4.93 | 4.93 | 4.93 | 4.93 | 4.93 | 4.93 | 4.93 | 4.93 | 4.93 |
| Reserves | -5.03 | -3.67 | -2.94 | 0.14 | -0.29 | -0.23 | -0.07 | -0.26 | -0.2 | -0.07 |
| Borrowings | 4.98 | 2.75 | 0.69 | 1.37 | 1.27 | 0.24 | 0.19 | 0.29 | 0.29 | 0.29 |
| Other Liabilities | 6.94 | 5.82 | 6.88 | 2.91 | 2.64 | 2.93 | 2.77 | 2.82 | 2.61 | 2.63 |
| Total Liabilities | 11.82 | 9.83 | 9.56 | 9.35 | 8.55 | 7.87 | 7.82 | 7.78 | 7.63 | 7.78 |
| Fixed Assets | 8.24 | 7.55 | 7.42 | 5.98 | 5.8 | 5.62 | 5.67 | 5.46 | 5.41 | 5.46 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Assets | 3.57 | 2.27 | 2.13 | 3.36 | 2.74 | 2.24 | 2.14 | 2.31 | 2.21 | 2.31 |
| Total Assets | 11.82 | 9.83 | 9.56 | 9.35 | 8.55 | 7.87 | 7.82 | 7.78 | 7.63 | 7.78 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.2 | -0.28 | -0.05 | -1.57 | 0.2 | 0.4 | 0.28 | -0.25 | -0.13 | 0.17 |
| Cash from Investing Activity | 2.3 | 1.25 | 1.25 | 2.07 | -0.25 | -0.03 | -0.12 | -0.22 | -0.03 | -0.13 |
| Cash from Financing Activity | -1.99 | -1.05 | -1.23 | 0.67 | -0.09 | -0.97 | 0.02 | 0.14 | 0.01 | 0.01 |
| Net Cash Flow | 0.11 | -0.08 | -0.03 | 1.17 | -0.14 | -0.6 | 0.18 | -0.33 | -0.15 | 0.05 |
| Free Cash Flow | 2.36 | 0.65 | 1.2 | 0.5 | -0.05 | 0.37 | 0.16 | -0.47 | -0.16 | 0.04 |
| CFO/OP | 3 | 26 | 42 | 30 | -200 | -108 | -38 | 22 | 25 | -27 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 53.51 | 41.71 | 40.66 | 43.12 | 53.73 | 40.35 | 47.81 | 64.19 | 70.55 | 84.51 |
| Inventory Days | 36.8 | 82.81 | 94.02 | 124.6 | 94.46 | 117.2 | 70.27 | 103.98 | 119.67 | 90.73 |
| Days Payable | 154.08 | 356.28 | 345.09 | 132.16 | 100.29 | 78.13 | 63.98 | 106.14 | 114.89 | 105.33 |
| Cash Conversion Cycle | -63.77 | -231.76 | -210.42 | 35.57 | 47.9 | 79.41 | 54.1 | 62.02 | 75.34 | 69.91 |
| Working Capital Days | -205.47 | -401.03 | -501.76 | -140.38 | -100.98 | -113.53 | -126.88 | -90.05 | -61.15 | -56.64 |
| ROCE % | 13.02 | 24.97 | 24.51 | -2.41 | 5.51 | 4.79 | 3.2 | -7.59 | 3.41 | 2.95 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 |
| --- | --- | --- |
| Promoters | 69.01% | 69.12% |
| DIIs | 2.23% | 2.23% |
| Public | 28.76% | 28.66% |
| No. of Shareholders | 1460 | 1451 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.62% | 69.44% | 69.44% | 69.01% | 69.02% | 69.05% | 69.05% | 69.12% |
| DIIs | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% |
| Public | 28.16% | 28.34% | 28.34% | 28.76% | 28.75% | 28.73% | 28.72% | 28.66% |
| No. of Shareholders | 1505 | 1498 | 1480 | 1460 | 1458 | 1457 | 1455 | 1451 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachLive/69f6b4a0-7261-492f-baa9-0ef64bc46c1d.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe632867-0904-41e1-88ce-95e82243c167.pdf) |
| 2026-02-13 | [Board Meeting Outcome for UNAUDITED FINANCIAL RESULTS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f51bda2-21f9-4372-a3c3-8b09079fe0a6.pdf) |
| 2026-02-13 | [UNAUDITED FINANCIAL RESULTS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1b33e90-d8f7-4431-b944-b6fa969e97c0.pdf) |
| 2026-02-13 | [UNAUDITED FINANCIAL RESULTS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce0b2ce9-d5e4-4f31-b19c-4226971aa814.pdf) |
| 2026-01-30 | [Board Meeting Intimation for INTIMATION OF BOARD MEETING](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3226fbd8-242d-4755-b138-02ed4b6b9b93.pdf) |
| 2018-05-29 | [Audited Financial Results For The Quarter Ended 31/03/2018 And Year To Date Financial Results For The Year Ended 31-03-2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c01122f9-e508-4a00-a415-e21eec89c09e.pdf) |
| 2018-05-29 | [Audited Financial Results For The Quarter Ended 31/03/2018 And Year To Date Financial Results For The Year Ended 31-03-2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/c01122f9-e508-4a00-a415-e21eec89c09e.pdf) |
| 2018-05-08 | [Notice For Meeting Of The Board On 24/05/2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87935824-c67d-4e97-b381-4d40871bf91e.pdf) |
| 2018-05-08 | [Board Meeting-Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0da37994-77be-4deb-bc38-9feb137f6953.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7662ca36-0f36-473c-b315-2c6d84cde143.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/091304f7-0341-48d2-9c18-297247c67d4e.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/098bcaa7-9dc3-44a4-8529-9d769c0f2d08.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/530299/76085530299.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/530299/71845530299_27_09_21.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/530299/66883530299.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/530299/5302990319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/530299/5302990318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/530299/5302990317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/530299/5302990316.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2019-08-29 | Credit rating update — CARE Ratings |
| 2019-06-07 | Credit rating update — CARE Ratings |
| 2018-12-06 | Credit rating update — India Ratings |
| 2018-10-04 | Credit rating update — CARE Ratings |
| 2018-08-24 | Credit rating update — CARE Ratings |
| 2018-07-06 | Credit rating update — India Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:47.451Z.