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 ₹ 272 Cr.
- Current Price ₹ 254
- High / Low ₹ 283 / 70.0
- Stock P/E 20.6
- Book Value ₹ 43.9
- 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
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 | |
|---|---|---|---|---|---|
| 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: | 53% |
| 3 Years: | 57% |
| Last Year: | 66% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 7.86 | 10.72 |
| Reserves | 2.60 | 3.56 | 3.99 | 8.16 | 8.33 | 36.37 |
| 17.67 | 23.29 | 27.34 | 25.34 | 29.73 | 45.27 | |
| 2.11 | 7.42 | 8.14 | 13.31 | 11.01 | 10.97 | |
| Total Liabilities | 22.39 | 34.28 | 39.48 | 46.82 | 56.93 | 103.33 |
| 11.56 | 23.58 | 24.98 | 22.31 | 25.69 | 33.08 | |
| CWIP | 0.00 | 0.00 | 0.00 | 3.28 | 2.41 | 2.65 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.20 |
| 10.83 | 10.70 | 14.50 | 21.23 | 28.83 | 56.40 | |
| Total Assets | 22.39 | 34.28 | 39.48 | 46.82 | 56.93 | 103.33 |
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 |
| Free Cash Flow | -7.73 | -4.45 | -1.71 | 6.36 | -0.06 |
| CFO/OP | -106% | 279% | 45% | 103% | 55% |
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% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Apr 2025 | |
|---|---|---|---|---|
| Total Owned Vehicle Fleet Number |
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| Total Employee Count Number |
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| Rake Handling Number of Rakes |
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| Total Warehouse Space Sq. Ft. |
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| Warehouse Handling Volume Metric Tons (MT) |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
14 April 2026 - Submitted SDD compliance certificate for quarter ended March 31, 2026; no non-compliance observed.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
7 April 2026 - IWARE says Regulation 27(2) corporate governance report not applicable for quarter ended March 31, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2026 - Regulation 74(5) compliance certificate filed for quarter ended March 31, 2026.
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Updates
6 April 2026 - Promoters declared no encumbrance of shares for FY ended March 31, 2026.
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Trading Window
28 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results declaration.
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.