Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 1,016 Cr.
- Current Price ₹ 99.2
- High / Low ₹ 147 / 77.0
- Stock P/E 26.2
- Book Value ₹ 85.0
- Dividend Yield 0.00 %
- ROCE 6.79 %
- ROE 4.58 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 1.17 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 10.1% over last 3 years.
* 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 BSE Services
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 1,034 | 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | 1,829 | |
| 982 | 996 | 1,029 | 1,367 | 1,511 | 1,540 | 1,605 | 1,744 | |
| Operating Profit | 52 | 72 | 81 | 104 | 122 | 146 | 121 | 85 |
| OPM % | 5% | 7% | 7% | 7% | 7% | 9% | 7% | 5% |
| 5 | 6 | 4 | 5 | 5 | 6 | 13 | 15 | |
| Interest | 13 | 12 | 13 | 14 | 16 | 22 | 22 | 18 |
| Depreciation | 10 | 12 | 12 | 12 | 15 | 21 | 24 | 28 |
| Profit before tax | 33 | 53 | 60 | 83 | 96 | 108 | 88 | 53 |
| Tax % | 34% | 30% | 26% | 27% | 26% | 26% | 26% | 26% |
| 22 | 37 | 45 | 61 | 72 | 80 | 65 | 39 | |
| EPS in Rs | 5.50 | 9.51 | 11.31 | 15.53 | 9.09 | 10.21 | 6.39 | 3.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 4% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -18% |
| TTM: | -40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 10% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 39 | 51 | 51 |
| Reserves | 73 | 110 | 157 | 218 | 279 | 359 | 777 | 816 |
| 141 | 100 | 141 | 145 | 207 | 269 | 176 | 226 | |
| 107 | 105 | 87 | 82 | 70 | 86 | 100 | 113 | |
| Total Liabilities | 360 | 355 | 425 | 485 | 596 | 754 | 1,104 | 1,205 |
| 71 | 67 | 73 | 76 | 91 | 105 | 154 | 206 | |
| CWIP | 0 | 0 | 1 | 2 | 7 | 0 | 15 | 31 |
| Investments | 3 | 4 | 4 | 1 | 5 | 3 | 3 | 3 |
| 286 | 283 | 348 | 406 | 493 | 646 | 932 | 965 | |
| Total Assets | 360 | 355 | 425 | 485 | 596 | 754 | 1,104 | 1,205 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 34 | 64 | -26 | 5 | 2 | 1 | -3 | -22 | |
| -21 | -6 | -2 | 2 | -33 | -40 | -241 | 2 | |
| -8 | -51 | 26 | -8 | 30 | 40 | 247 | 25 | |
| Net Cash Flow | 5 | 8 | -3 | -1 | -1 | 1 | 3 | 4 |
| Free Cash Flow | 11 | 56 | -38 | -5 | -37 | -35 | -90 | -102 |
| CFO/OP | 85% | 101% | -15% | 30% | 28% | 15% | 21% | 17% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 65 | 83 | 77 | 87 | 114 | 131 | 139 |
| Inventory Days | 0 | |||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 71 | 65 | 83 | 77 | 87 | 114 | 131 | 139 |
| Working Capital Days | 14 | 22 | 39 | 38 | 46 | 58 | 96 | 94 |
| ROCE % | 26% | 25% | 26% | 24% | 22% | 13% | 7% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Domestic TEU Volume TEUs |
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| EXIM TEU Volume TEUs |
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| Total TEU Volume TEUs |
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| Number of Customers Number |
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| Owned GPS-enabled Trucks Number |
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| Owned Heavy Equipment Number |
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| Shipping Containers Owned Number |
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| Number of Branches Number |
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| Number of Warehouses Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 May - Transcript of Earnings Conference Call held on Monday, May 18, 2026 at 01:00 P.M. (IST)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 May - Audio recording link for FY26 and Q4 earnings conference call hosted on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 May - Newspaper Publication for the Audited financial results of the Company for the quarter and year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Investor Presentation
18 May - Investor Presentation on the audited financial results of the Company for the quarter and financial year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 May - Western Carriers reported Q4 FY26 revenue of ₹496 crore, FY26 revenue of ₹1,829 crore, PAT ₹39 crore.
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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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.