Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 1,097 Cr.
- Current Price ₹ 108
- High / Low ₹ 177 / 65.1
- Stock P/E 16.8
- 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
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 | |
|---|---|---|---|---|---|---|
| 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | |
| 994 | 1,029 | 1,367 | 1,511 | 1,540 | 1,606 | |
| Operating Profit | 73 | 81 | 104 | 122 | 146 | 120 |
| OPM % | 7% | 7% | 7% | 7% | 9% | 7% |
| 6 | 4 | 5 | 5 | 6 | 13 | |
| Interest | 14 | 13 | 14 | 16 | 22 | 22 |
| Depreciation | 14 | 12 | 12 | 15 | 21 | 24 |
| Profit before tax | 52 | 60 | 83 | 96 | 108 | 88 |
| Tax % | 31% | 26% | 27% | 26% | 26% | 26% |
| 36 | 45 | 61 | 72 | 80 | 65 | |
| EPS in Rs | 9.11 | 11.32 | 15.54 | 9.09 | 10.21 | 6.39 |
| Dividend Payout % | 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: | 13% |
| 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
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 51 |
| Reserves | 112 | 157 | 218 | 279 | 359 | 777 |
| 102 | 141 | 150 | 215 | 269 | 176 | |
| 105 | 88 | 83 | 70 | 86 | 100 | |
| Total Liabilities | 359 | 425 | 490 | 604 | 754 | 1,104 |
| 73 | 73 | 74 | 91 | 105 | 154 | |
| CWIP | 0 | 1 | 9 | 17 | 0 | 15 |
| Investments | 3 | 3 | 1 | 4 | 3 | 3 |
| 283 | 349 | 406 | 492 | 646 | 932 | |
| Total Assets | 359 | 425 | 490 | 604 | 754 | 1,104 |
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 | 47 | 72 | 70 | 84 | 111 | 128 |
| ROCE % | 25% | 26% | 24% | 22% | 13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10h
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
4 Jun - Received Rs. 27.73 Cr, 2-year trailer hiring order from Jindal Stainless Limited at Jajpur plant.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report confirming full regulatory compliance for FY ended March 31, 2025.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
23 May - Transcript of the earnings conference call held on May 19, 2025 at 12:00 P.M. (IST)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 May - Audio recording of Q4 and FY 2025 earnings conference call released.
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.