Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 1,463 Cr.
- Current Price ₹ 144
- High / Low ₹ 177 / 65.1
- Stock P/E 25.7
- Book Value ₹ 81.2
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.1% over past five years.
- Working capital days have increased from 66.4 days to 95.6 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|
1,034 | 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | 1,719 | |
982 | 996 | 1,029 | 1,367 | 1,511 | 1,540 | 1,606 | 1,614 | |
Operating Profit | 52 | 72 | 81 | 104 | 122 | 146 | 120 | 105 |
OPM % | 5% | 7% | 7% | 7% | 7% | 9% | 7% | 6% |
5 | 6 | 4 | 5 | 5 | 6 | 13 | 16 | |
Interest | 13 | 12 | 13 | 14 | 16 | 22 | 22 | 20 |
Depreciation | 10 | 12 | 12 | 12 | 15 | 21 | 24 | 24 |
Profit before tax | 33 | 53 | 60 | 83 | 96 | 108 | 88 | 77 |
Tax % | 34% | 30% | 26% | 27% | 26% | 26% | 26% | |
22 | 37 | 45 | 61 | 72 | 80 | 65 | 57 | |
EPS in Rs | 5.50 | 9.51 | 11.31 | 15.53 | 9.09 | 10.21 | 6.39 | 5.59 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 5% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 2% |
TTM: | -30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 17% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 39 | 39 | 39 | 39 | 39 | 39 | 51 |
Reserves | 73 | 110 | 157 | 218 | 279 | 359 | 777 |
141 | 100 | 141 | 145 | 207 | 269 | 176 | |
107 | 105 | 87 | 82 | 70 | 86 | 100 | |
Total Liabilities | 360 | 355 | 425 | 485 | 596 | 754 | 1,104 |
71 | 67 | 73 | 76 | 91 | 105 | 154 | |
CWIP | 0 | 0 | 1 | 2 | 7 | 0 | 15 |
Investments | 3 | 4 | 4 | 1 | 5 | 3 | 3 |
286 | 283 | 348 | 406 | 493 | 646 | 932 | |
Total Assets | 360 | 355 | 425 | 485 | 596 | 754 | 1,104 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
34 | 64 | -26 | 5 | 2 | 1 | -3 | |
-21 | -6 | -2 | 2 | -33 | -40 | -241 | |
-8 | -51 | 26 | -8 | 30 | 40 | 247 | |
Net Cash Flow | 5 | 8 | -3 | -1 | -1 | 1 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 71 | 65 | 83 | 77 | 87 | 114 | 131 |
Inventory Days | 0 | ||||||
Days Payable | |||||||
Cash Conversion Cycle | 71 | 65 | 83 | 77 | 87 | 114 | 131 |
Working Capital Days | 14 | 22 | 39 | 38 | 46 | 58 | 96 |
ROCE % | 26% | 25% | 26% | 24% | 22% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - The officials of Western Carriers (India) Ltd ('the Company') will be interacting with Analysts / Investors as per schedule.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
-
Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
13 Sep - Promoter Rajendra Sethia acquired 28,363 shares (0.028%) via open market on 12-09-2025.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 13 Sep
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025TranscriptPPT
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Nov 2024TranscriptPPT
Business Overview:[1]
WCIL is a Multi-modal, rail-focused, 4PL asset-light logistics company with a specialization in customized end-to-end supply chain solutions. The company is engaged in multi-modal logistics services (road, rail, and river transport, custom house agency, storage, and warehousing) and operates across the country. It has expertise in aspects of logistics like freight forwarding, shipping, air cargo, trucking, clearance, storage, C&F and distribution, and civil works.