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 ₹ 511 Cr.
- Current Price ₹ 444
- High / Low ₹ 444 / 85.0
- Stock P/E 33.9
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE 28.4 %
- ROE 41.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 70.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.3%
Cons
- Stock is trading at 8.53 times its book value
- 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 | 229 | |
| 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 | 4 |
| 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% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 81% |
| TTM: | 200% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 230% |
| TTM: | 88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 396% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 50% |
| Last Year: | 42% |
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 | 26 |
| 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
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 July 2026 - RTA filed Regulation 74(5) certificate for quarter ended June 30, 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
7 July 2026 - Iware says Regulation 27(2) corporate governance report not applicable for quarter ended June 30, 2026.
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Structural Digital Database
1 July 2026 - Submitted SDD compliance certificate for quarter ended June 30, 2026; no non-compliances reported.
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Structural Digital Database
25 June 2026 - Submitted FY26 SDD compliance certificate; no non-compliance observed.
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Outcome of Board Meeting
5 June 2026 - Board allotted 7,90,800 equity shares on preferential basis for Rs.20.16 crore on June 5, 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.