Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 1,151 Cr.
- Current Price ₹ 113
- High / Low ₹ 177 / 65.1
- Stock P/E 17.7
- 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.
* 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 | |
|---|---|---|---|---|---|---|---|
| 1,034 | 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | |
| 982 | 996 | 1,029 | 1,367 | 1,511 | 1,540 | 1,606 | |
| Operating Profit | 52 | 72 | 81 | 104 | 122 | 146 | 120 |
| OPM % | 5% | 7% | 7% | 7% | 7% | 9% | 7% |
| 5 | 6 | 4 | 5 | 5 | 6 | 13 | |
| Interest | 13 | 12 | 13 | 14 | 16 | 22 | 22 |
| Depreciation | 10 | 12 | 12 | 12 | 15 | 21 | 24 |
| Profit before tax | 33 | 53 | 60 | 83 | 96 | 108 | 88 |
| Tax % | 34% | 30% | 26% | 27% | 26% | 26% | 26% |
| 22 | 37 | 45 | 61 | 72 | 80 | 65 | |
| EPS in Rs | 5.50 | 9.51 | 11.31 | 15.53 | 9.09 | 10.21 | 6.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 5% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 2% |
| TTM: | -19% |
| 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 | 49 | 45 | 72 | 70 | 84 | 111 | 128 |
| ROCE % | 26% | 25% | 26% | 24% | 22% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Jun - Western Carriers awarded ₹230 Cr 3-year EXIM logistics contract by Jindal Stainless Limited.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
26 Jun - Rs. 230 Cr 3-year rail transportation contract from Jindal Stainless Limited.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Jun - Western Carriers secures ₹558 Cr three-year logistics contract from Jindal Stainless Limited.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Jun - Received Rs. 558 Cr 3-year work order from Jindal Stainless for slab, coil, sheet plate dispatches.
- Closure of Trading Window 25 Jun
Concalls
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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.