What we do Western India Plywoods Ltd manufactures high-quality plywood, hardboard, resins, and fiber boards with advanced surface finishing technologies in Kerala, India. |
Founded in 1,945 |
Market share Market leader in hardboard production in India with significant domestic and international presence. |
Problem solved Provides durable, fire-retardant, marine-grade wood products and eco-friendly fibreboards addressing building and furniture industry needs. |
Top clients or who we serve Serves furniture manufacturers, construction sector, and industrial clients both domestically and via exports (B2B focus). |
Key management - |
Our journey and innovations Pioneered several products in India like DAP resin, UV cured finishing, irradiated and fire-retardant plywood since 1945. |
Where we operate Primarily India with export markets internationally, including a joint venture in Malaysia for raw material sourcing. |
Top products or what we offer Plywood, hardboard, pre-pressed boards, UF & PF resins, prefinished plywood, low-density fibreboards, and metal injection molding via subsidiary. |
Top brands Kohinoor Luxury Veneer Collection (pre-veneered plywood), market-leading hardboard brand in India. |
Raw materials needed Wood veneers, chemicals for resins, and waste sludge for fiberboards. |
Raw materials supplier Local timber suppliers and joint venture in Malaysia for veneers. |
Recurring vs cyclical contribution Revenue largely recurring from manufacturing sales with moderate export exposure. |
Our industry position Leader in Indian hardboard market with strong domestic presence and export growth. |
Financial highlights FY 2024-25 revenue Rs. 114.6 cr, net profit Rs. 2.8 cr, dividend 12%, credit rating BBB. |
Geographical revenue split Domestic revenue Rs. 78.57 cr (82%), export Rs. 15.74 cr (18%). |
Order book - |
Whats driving growth Innovation in product range like large-dimension plywood and expanded fibreboard capacity drives growth. |
Our future plans Expand fiberboard production, diversify value-added products, and grow metal injection molding business. |
Our green promise Manufactures eco-friendly fibreboards using waste sludge, commits to sustainable raw material sourcing. |
Our people and values Focus on leadership development, competence building, diversity, and safe workplace culture. |
Key challenges ahead Raw material supply constraints and market competition remain key challenges. |
Interesting facts Installed India's only UV-cured finishing plant, one of the few worldwide, since 1989. |
Risks and strategy Mitigates risks via joint ventures, product diversification, and maintaining strong governance practices. |
