Iware Supplychain Services Ltd
Incorporated in 2018, iWare Supply Chain Services Limited is a Pan-India integrated logistics company providing a wide range of services.[1]
- Market Cap ₹ 154 Cr.
- Current Price ₹ 144
- High / Low ₹ 158 / 70.0
- Stock P/E 19.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 34.7 %
- ROE 65.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 57.2%
Cons
* 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
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 18.90 | 24.35 | 43.55 | 58.71 | 85.79 | |
| 16.70 | 21.30 | 37.28 | 47.81 | 68.75 | |
| Operating Profit | 2.20 | 3.05 | 6.27 | 10.90 | 17.04 |
| OPM % | 11.64% | 12.53% | 14.40% | 18.57% | 19.86% |
| 0.06 | 0.07 | 0.17 | 0.06 | 0.29 | |
| Interest | 0.73 | 1.10 | 2.75 | 2.84 | 2.94 |
| Depreciation | 0.08 | 0.67 | 2.78 | 2.77 | 3.54 |
| Profit before tax | 1.45 | 1.35 | 0.91 | 5.35 | 10.85 |
| Tax % | 26.90% | 28.89% | 52.75% | 22.24% | 26.08% |
| 1.06 | 0.97 | 0.42 | 4.17 | 8.02 | |
| EPS in Rs | 1,060.00 | 970.00 | 420.00 | 4,170.00 | 10.20 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 52% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 102% |
| TTM: | 92% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| Last Year: | 66% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 7.86 |
| Reserves | 2.60 | 3.56 | 3.99 | 8.16 | 8.33 |
| 17.67 | 23.29 | 27.34 | 25.34 | 29.73 | |
| 2.11 | 7.42 | 8.14 | 13.31 | 11.01 | |
| Total Liabilities | 22.39 | 34.28 | 39.48 | 46.82 | 56.93 |
| 11.56 | 23.58 | 24.98 | 22.31 | 25.69 | |
| CWIP | 0.00 | 0.00 | 0.00 | 3.28 | 2.41 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.83 | 10.70 | 14.50 | 21.23 | 28.83 | |
| Total Assets | 22.39 | 34.28 | 39.48 | 46.82 | 56.93 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -2.73 | 8.25 | 2.47 | 9.74 | 5.99 | |
| -5.81 | -12.65 | -4.13 | -3.32 | -5.82 | |
| 8.09 | 4.55 | 1.36 | -4.81 | 1.50 | |
| Net Cash Flow | -0.45 | 0.15 | -0.31 | 1.61 | 1.66 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 82.08 | 47.67 | 69.40 | 53.96 | 59.82 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 82.08 | 47.67 | 69.40 | 53.96 | 59.82 |
| Working Capital Days | 114.91 | -46.62 | -17.43 | -34.69 | 8.17 |
| ROCE % | 10.39% | 12.58% | 25.26% | 34.72% |
Documents
Announcements
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Structural Digital Database
14 October 2025 - Company submits SDD compliance certificate for quarter ended 30 Sep 2025; captured one UPSI; no non-compliances.
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Agreements
7 October 2025 - Signed 3-year C&F agreement with Bunge India (Oct 1, 2025–Sep 30, 2028) for edible products.
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Agreements
7 October 2025 - Iware entered transport services contract with Gujarat Tea Processors from Oct 1, 2025 to Mar 31, 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
7 October 2025 - IWARE listed on NSE-Emerge from 6 May 2025; Reg 27(2) not applicable for quarter ended 30 Sep 2025.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 October 2025 - KFin RTA certifies dematerialisation/rematerialisation details submitted for quarter ended 30 September 2025.
Integrated Logistics Firm[1]
iWare offers comprehensive logistics services—warehousing, transport, rack handling, auxiliary services, and rentals—making it a one-stop supply chain partner. Its integrated road and rail network, including Indian Railways' BCN rake services.