Established in 1955, West Coast Paper Mills Limited (WCPM) is one of India’s oldest and largest manufacturers of paper for printing, writing, and packaging. Based out of Dandeli, Karnataka, it is a small-cap company with a market capitalization of Rs. 3,850 crores.
A new name has emerged in the share shareholding pattern for July to September 2022 quarter. As per the recent data update, Sachin Bansal purchased a 2.73% stake in West Coast Paper Mills. This is the second paper stock in which the ace investor has invested after JK Paper.
Bansal owns 18 lakh shares of the company in his individual capacity. At a price of Rs. 585, these 18 lakh shares worth Rs. 105 crores are around 2.73 per cent of the total paid-up capital of the company.
As of 12:43 Friday, the stock of the paper producer was trading for Rs. 585.45 per share, up 0.50% for the day. Since the start of the year, the shares of West Coast Paper Mills have rallied a whopping 149% from Rs. 235 a piece in January start.
Rs. 1,00,000 invested in West Coast Paper Mills a year ago would have become Rs. 2,49,000 by now, translating into multi-bagger gains of Rs. 1,49,000 for the investors.
As for two years time horizon, it has rocketed from around ₹124 to ₹583 apiece levels, lavishing more than 350% multi-bagger returns to its investors.
Rs. 1,00,000 invested in West Coast Paper Mills two years ago would have become Rs. 4,50,000 by now, translating into multi-bagger gains of Rs. 3,50,000 for the investors.
Sachin Bansal is a billionaire serial entrepreneur. He co-founded Flipkart in 2007 with Binny Bansal. He currently heads the Navi Group, an Indian financial services company he co-founded with Ankit Agarwal in 2018. Navi provides home loans, mutual funds, health insurance and micro-loans and other financial services.
Written By – Vikalp Mishra
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