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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
West Coast Paper Mills's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹6.43.
The industry rank for West Coast Paper Mills's Net-Net Working Capital or its related term are showing as below:
NSE:WSTCSTPAPR's Price-to-Net-Net-Working-Capital is ranked worse than 93.06% of 72
companies
in the Forest Products industry
Industry Median: 4.22
vs NSE:WSTCSTPAPR: 93.17
West Coast Paper Mills (NSE:WSTCSTPAPR) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
West Coast Paper Mills Net-Net Working Capital Related Terms
West Coast Paper Mills Net-Net Working Capital Historical Data
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The historical data trend for West Coast Paper Mills's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
West Coast Paper Mills Net-Net Working Capital Chart
West Coast Paper Mills Net-Net Working Capital Competitor Comparison
For the Paper & Paper Products subindustry, West Coast Paper Mills's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
West Coast Paper Mills Price-to-Net-Net-Working-Capital vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, West Coast Paper Mills's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where West Coast Paper Mills's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of ₹6.43 mean?
West Coast Paper Mills (NSE:WSTCSTPAPR) has a Net-Net Working Capital of ₹6.43 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on West Coast Paper Mills According to the industry distribution chart, West Coast Paper Mills ranks #67 out of 72 companies in the Forest Products industry, placing it in the top 93.1%.
Is West Coast Paper Mills' Net-Net Working Capital too high?
West Coast Paper Mills' current Net-Net Working Capital is ₹6.43. Based on the distribution chart, West Coast Paper Mills ranks #67 out of 72 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, West Coast Paper Mills has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does West Coast Paper Mills' Net-Net Working Capital compare to competitors?
According to the Forest Products industry distribution chart, West Coast Paper Mills ranks #67 out of 72 companies for Net-Net Working Capital. This places West Coast Paper Mills in the lower half of its industry. The industry median Net-Net Working Capital is 4.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Forest Products company?
The median Net-Net Working Capital among Forest Products companies is 4.22, based on 72 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on West Coast Paper Mills For the Forest Products industry, the median Net-Net Working Capital is 4.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Coast Paper Mills's current Net-Net Working Capital is ₹6.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Coast Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, West Coast Paper Mills (NSE:WSTCSTPAPR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹538.30, compared to a current price of ₹599.10 — trading 11.3% above its estimated fair value. The current Net-Net Working Capital is ₹6.43. West Coast Paper Mills' overall GF Score™ is 90/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For West Coast Paper Mills (NSE:WSTCSTPAPR), the current Net-Net Working Capital is ₹6.43 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is West Coast Paper Mills (NSE:WSTCSTPAPR) Overvalued in 2026?
Based on GuruFocus' analysis, West Coast Paper Mills stock appears to be overvalued.
The current stock price of ₹599.10 is trading 11.3% above its estimated GF Value™ of ₹538.30.
GuruFocus considers West Coast Paper Mills to be Modestly Overvalued.
Key valuation signals for NSE:WSTCSTPAPR:
Net-Net Working Capital: ₹6.43
GF Value™: ₹538.30 vs. price of ₹599.10 (11.3% above fair value)
No single metric tells the full story. See the NSE:WSTCSTPAPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West Coast Paper Mills Ltd is engaged in the production of paper and related products. The company's operating segments include Paper, Cables, and Others. The company generates maximum revenue from the Paper segment. The company's product portfolio includes Printing and Writing Paper, MG Variety, Premium Printing Paper, Security and Hi-Value Grade Papers, Business Stationery, Cup Stock, and Coated Duplex Boards. Geographically, all the operations have functioned through the Indian market.
90GF Score
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