Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 1,210 Cr.
- Current Price ₹ 119
- High / Low ₹ 147 / 65.1
- Stock P/E 25.7
- Book Value ₹ 83.1
- Dividend Yield 0.00 %
- ROCE 13.2 %
- 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 66.2 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.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Part of BSE SmallCap BSE Allcap BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | 1,727 | |
| 994 | 1,029 | 1,367 | 1,511 | 1,540 | 1,605 | 1,639 | |
| Operating Profit | 73 | 81 | 104 | 122 | 146 | 121 | 88 |
| OPM % | 7% | 7% | 7% | 7% | 9% | 7% | 5% |
| 6 | 4 | 5 | 5 | 6 | 13 | 18 | |
| Interest | 14 | 13 | 14 | 16 | 22 | 22 | 18 |
| Depreciation | 14 | 12 | 12 | 15 | 21 | 24 | 25 |
| Profit before tax | 52 | 60 | 83 | 96 | 108 | 88 | 64 |
| Tax % | 31% | 26% | 27% | 26% | 26% | 26% | |
| 36 | 45 | 61 | 72 | 80 | 65 | 47 | |
| EPS in Rs | 9.11 | 11.32 | 15.54 | 9.09 | 10.21 | 6.39 | 4.61 |
| Dividend Payout % | 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: | 13% |
| 3 Years: | 2% |
| TTM: | -43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 17% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 51 | 51 |
| Reserves | 112 | 157 | 218 | 279 | 359 | 777 | 796 |
| 102 | 141 | 150 | 215 | 269 | 176 | 193 | |
| 105 | 88 | 83 | 70 | 86 | 100 | 113 | |
| Total Liabilities | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,153 |
| 73 | 73 | 74 | 91 | 105 | 154 | 178 | |
| CWIP | 0 | 1 | 9 | 17 | 0 | 15 | 21 |
| Investments | 3 | 3 | 1 | 4 | 3 | 3 | 3 |
| 283 | 349 | 406 | 492 | 646 | 932 | 950 | |
| Total Assets | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,153 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 81 | -26 | 5 | 2 | 1 | -3 | |
| -24 | -2 | -3 | -36 | -40 | -241 | |
| -54 | 26 | -3 | 33 | 40 | 247 | |
| Net Cash Flow | 3 | -3 | -1 | -1 | 0 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 64 | 83 | 77 | 87 | 114 | 131 |
| Inventory Days | 0 | |||||
| Days Payable | ||||||
| Cash Conversion Cycle | 64 | 83 | 77 | 87 | 114 | 131 |
| Working Capital Days | 21 | 39 | 38 | 45 | 58 | 96 |
| ROCE % | 25% | 26% | 24% | 22% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 Nov - Transcript of the Earnings Call held on Monday, November 17, 2025, at 11:00 AM (IST)
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Nov
-
Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
22 Nov - Promoter Kanishka Sethia bought 100,000 shares (0.098%) on Nov 21, 2025; holding now 0.201%.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Nov
-
Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
20 Nov - Promoter Rajendra Sethia bought 100,000 shares (0.098%) on Nov 20, 2025, raising stake to 72.552%.
Concalls
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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.