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 ₹ 555 Cr.
- Current Price ₹ 482
- High / Low ₹ 539 / 91.0
- Stock P/E 38.6
- Book Value ₹ 52.0
- Dividend Yield 0.21 %
- ROCE 28.0 %
- ROE 40.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.0%
Cons
- Stock is trading at 9.27 times its book value
- Promoter holding has decreased over last quarter: -5.07%
- Debtor days have increased from 66.2 to 84.9 days.
* 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
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 19 | 24 | 44 | 59 | 86 | 258 | |
| 17 | 21 | 37 | 48 | 69 | 228 | |
| Operating Profit | 2 | 3 | 6 | 11 | 17 | 29 |
| OPM % | 12% | 13% | 14% | 19% | 20% | 11% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 3 | 3 | 3 | 5 |
| Depreciation | 0 | 1 | 3 | 3 | 4 | 5 |
| Profit before tax | 1 | 1 | 1 | 5 | 11 | 20 |
| Tax % | 27% | 29% | 53% | 22% | 26% | 25% |
| 1 | 1 | 0 | 4 | 8 | 15 | |
| EPS in Rs | 1,060.00 | 970.00 | 420.00 | 4,170.00 | 10.20 | 14.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 81% |
| TTM: | 200% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 225% |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 412% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 49% |
| Last Year: | 40% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 8 | 11 |
| Reserves | 3 | 4 | 4 | 8 | 8 | 45 |
| 18 | 23 | 27 | 25 | 30 | 70 | |
| 2 | 7 | 8 | 13 | 11 | 34 | |
| Total Liabilities | 22 | 34 | 39 | 47 | 57 | 160 |
| 12 | 24 | 25 | 22 | 26 | 48 | |
| CWIP | 0 | 0 | 0 | 3 | 2 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 | 11 | 14 | 21 | 29 | 100 | |
| Total Assets | 22 | 34 | 39 | 47 | 57 | 160 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -3 | 8 | 2 | 10 | 6 | -20 | |
| -6 | -13 | -4 | -3 | -6 | -45 | |
| 8 | 5 | 1 | -5 | 2 | 64 | |
| Net Cash Flow | -0 | 0 | -0 | 2 | 2 | -1 |
| Free Cash Flow | -8 | -4 | -2 | 6 | -0 | -57 |
| CFO/OP | -106% | 279% | 45% | 103% | 55% | -50% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 82 | 48 | 69 | 54 | 60 | 85 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 82 | 48 | 69 | 54 | 60 | 85 |
| Working Capital Days | 115 | -47 | -17 | -35 | 8 | 24 |
| ROCE % | 10% | 13% | 25% | 35% | 28% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Gujarat Revenue Concentration % of revenue from operations |
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| Owned Fleet Size vehicles |
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| Top 1 Customer Revenue Concentration % of revenue from operations |
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| Total Employees employees |
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| Transportation Revenue Mix % of revenue from operations |
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| Total Warehouse Space square feet |
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| Warehouses Managed warehouses |
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Extracted by Screener AI
Documents
Announcements
-
Copy of Newspaper Publication
17 July 2026 - Newspaper publication for 9th AGM, remote e-voting, book closure, and dividend record date for FY2025-26.
-
Shareholders meeting
16 July 2026 - Completed electronic dispatch of 9th AGM notice and FY2025-26 annual report on July 16, 2026.
-
Shareholders meeting
16 July 2026 - 9th AGM on 7 August 2026; proposes ₹1 dividend, related-party transactions, and director pay revisions.
-
Record Date
16 July 2026 - Record date set for 31 July 2026; final dividend ₹1/share and AGM book closure announced.
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Outcome of Board Meeting
15 July 2026 - Board approved 9th AGM on 7 Aug 2026, record date 31 Jul, book closure, and director reappointment.
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.