East West Freight Carriers Ltd
Incorporated in 1981, East West Freight Carriers Ltd is engaged in providing total logistic solutions[1]
- Market Cap ₹ 34.6 Cr.
- Current Price ₹ 2.71
- High / Low ₹ 7.43 / 2.70
- Stock P/E
- Book Value ₹ 5.12
- Dividend Yield 0.00 %
- ROCE 7.80 %
- ROE 1.84 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.53 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.74% over past five years.
- Company has a low return on equity of 0.28% over last 3 years.
- Earnings include an other income of Rs.1.30 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 214 | 237 | 197 | 161 | 230 | 250 | 208 | 285 | 216 | |
| 3 | 204 | 223 | 188 | 153 | 218 | 242 | 196 | 274 | 213 | |
| Operating Profit | 0 | 10 | 14 | 9 | 9 | 11 | 8 | 13 | 11 | 3 |
| OPM % | 6% | 5% | 6% | 5% | 5% | 5% | 3% | 6% | 4% | 1% |
| 0 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 1 | 1 | |
| Interest | 0 | 5 | 6 | 6 | 7 | 7 | 8 | 11 | 8 | 8 |
| Depreciation | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 4 | 8 | 2 | 1 | 4 | -1 | 9 | 2 | -5 |
| Tax % | 30% | 9% | 29% | 44% | 125% | 32% | 34% | 22% | 35% | |
| 0 | 4 | 5 | 1 | -0 | 3 | -1 | 7 | 2 | -4 | |
| EPS in Rs | 0.06 | 0.35 | 0.49 | 0.13 | -0.01 | 0.23 | -0.09 | 0.50 | 0.10 | -0.31 |
| Dividend Payout % | 0% | 0% | 3% | 6% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 7% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -24% |
| TTM: | -158% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -26% |
| 3 Years: | -14% |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 0% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 18 | 18 | 18 | 18 | 24 | 25 | 26 | 26 | 26 |
| Reserves | 1 | 44 | 49 | 45 | 44 | 49 | 38 | 40 | 42 | 40 |
| 0 | 50 | 54 | 63 | 69 | 69 | 87 | 59 | 70 | 72 | |
| 1 | 29 | 23 | 13 | 16 | 10 | 14 | 16 | 15 | 15 | |
| Total Liabilities | 5 | 140 | 144 | 139 | 147 | 152 | 164 | 140 | 153 | 152 |
| 0 | 48 | 48 | 48 | 48 | 47 | 63 | 39 | 40 | 39 | |
| CWIP | 0 | 7 | 9 | 9 | 9 | 9 | 2 | 2 | 2 | 2 |
| Investments | 0 | 1 | 10 | 6 | 5 | 3 | 2 | 3 | 1 | 1 |
| 5 | 84 | 77 | 76 | 84 | 93 | 97 | 97 | 109 | 110 | |
| Total Assets | 5 | 140 | 144 | 139 | 147 | 152 | 164 | 140 | 153 | 152 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 3 | -5 | -2 | -1 | 4 | -2 | 4 | 13 | -4 | |
| 0 | -9 | -5 | -3 | -2 | -7 | -21 | 21 | 0 | |
| -3 | 23 | -1 | 2 | -2 | 13 | 14 | -35 | 4 | |
| Net Cash Flow | 0 | 10 | -8 | -2 | -1 | 4 | -3 | -1 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 76 | 79 | 94 | 141 | 99 | 96 | 128 | 95 |
| Inventory Days | 0 | 0 | 0 | ||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 86 | 76 | 79 | 94 | 141 | 99 | 96 | 128 | 95 |
| Working Capital Days | 394 | 25 | 20 | 53 | 76 | 69 | 64 | 85 | 61 |
| ROCE % | 17% | 12% | 7% | 6% | 8% | 5% | 8% | 8% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Air Export Sales Revenue Rs. Lakhs |
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| Air Import Sales Revenue Rs. Lakhs |
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| Sea Export Sales Revenue Rs. Lakhs |
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| Sea Import Sales Revenue Rs. Lakhs |
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| Number of Employees Number ・Includes some standalone data |
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| Export Operations Scale (Countries Covered) Number |
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| Fixed Asset (Building) Carrying Amount Rs. Lakhs ・Standalone data |
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| Number of Branches Number ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Feb - Publication of Notice of Petition to Shareholders in Newspaper.
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Announcement under Regulation 30 (LODR)-Resignation of Director
27 Feb - Ms. Suman Jhawar (DIN 10233890) resigned as Independent Director effective 28-Feb-2026 due to health.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - NCLT Order W.R.T For Consolidation Of Shares, Matter Fixed For Hearing On 8Th Day Of April, 2026
26 Feb - NCLT admitted petition to consolidate 12,75,75,000 Rs2 shares into 2,55,15,000 Rs10 shares; hearing 08-Apr-2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Publication of the quarterly result financial result for the quarter ended 31/12/2025 in Newspaper
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Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, 13Th February, 2026
13 Feb - Approved Q3 (Dec 31, 2025) unaudited results; nine-month standalone loss Rs626.27 lakh; remuneration raised to Rs12 lakh.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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Business Overview:[1][2]
EWFCL is a Mumbai-based logistics company offering a wide spectrum of freight and supply chain solutions.
Its services include air and ocean freight transportation, third-party logistics, Non-
Vessel Operating Common Carrier (NVOCC) operations, warehousing, customs clearance,
and other value-added services. They specialize in handling Dangerous Goods Regulation (DGR) Cargo, for which they hold an official license under the Danger Goods Regulation Act. The company provides end-to-end logistics solutions across air, ocean, and road transport. It offers tailored freight forwarding services for both exports and imports, covering Full Container Load (FCL) and Less than Container Load (LCL) requirements. The company also manages complex project cargo—large, heavy, high-value, or specialized equipment requiring customized handling and international coordination