Western Carriers (India) Ltd

Western Carriers (India) Ltd

₹ 119 0.51%
01 Dec - close price
About

Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]

Key Points

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.

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
401.57 425.85 456.71 401.64 422.71 431.43 443.00 428.58 415.82 439.62
370.26 392.29 419.36 357.81 387.25 395.29 419.61 403.63 395.02 420.79
Operating Profit 31.31 33.56 37.35 43.83 35.46 36.14 23.39 24.95 20.80 18.83
OPM % 7.80% 7.88% 8.18% 10.91% 8.39% 8.38% 5.28% 5.82% 5.00% 4.28%
1.27 1.13 1.86 1.51 1.38 1.88 5.11 4.85 4.17 4.36
Interest 4.46 4.76 6.21 6.75 6.08 6.72 4.51 4.21 4.53 4.53
Depreciation 4.80 5.03 5.59 5.82 5.23 5.77 6.18 6.62 5.74 6.50
Profit before tax 23.32 24.90 27.41 32.77 25.53 25.53 17.81 18.97 14.70 12.16
Tax % 25.17% 26.55% 25.61% 26.15% 25.97% 25.77% 25.88% 25.78% 26.60% 26.48%
17.46 18.30 20.39 24.20 18.90 18.96 13.20 14.08 10.79 8.95
EPS in Rs 2.22 2.33 2.59 3.07 2.40 1.86 1.29 1.38 1.06 0.88
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

11 Recently
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
71.89% 71.89% 71.89% 71.89% 72.56%
4.22% 1.40% 0.29% 0.30% 0.61%
9.14% 9.45% 8.53% 7.39% 5.78%
14.75% 17.25% 19.27% 20.41% 21.04%
No. of Shareholders 1,13,8121,09,0231,07,2071,03,52792,746

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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