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 ₹ 508 Cr.
- Current Price ₹ 442
- High / Low ₹ 539 / 120
- Stock P/E 35.3
- Book Value ₹ 52.0
- Dividend Yield 0.23 %
- 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 8.49 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: | 256% |
| 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
-
Awarding of order(s)/contract(s)
- IWARE won NCERT contract to transport books and printing paper from NCR-Delhi, starting 15 September 2026.
-
Agreements
- IWARE signed a one-year transportation agreement with Tube Investment, effective 1 September 2026.
-
Shareholders meeting
- 9th AGM voting results: all six resolutions passed, including Rs.1 final dividend and remuneration revisions.
-
Shareholders meeting
- 9th AGM held on 7 Aug 2026; members approved FY26 accounts, Rs1 dividend, and remuneration revisions.
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Bagging/Receiving of orders/contracts
- IWARE signed three transport services agreements with Indpower, Livfast and Livguard for three years from 1 July 2026.
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.