Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 892 Cr.
- Current Price ₹ 87.5
- High / Low ₹ 147 / 77.0
- Stock P/E 24.3
- Book Value ₹ 85.0
- Dividend Yield 0.00 %
- ROCE 6.79 %
- ROE 4.58 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 1.03 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
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | 1,829 | 1,878 | |
| 994 | 1,029 | 1,367 | 1,511 | 1,540 | 1,605 | 1,744 | 1,795 | |
| Operating Profit | 73 | 81 | 104 | 122 | 146 | 121 | 85 | 83 |
| OPM % | 7% | 7% | 7% | 7% | 9% | 7% | 4.7% | 4.4% |
| 6 | 4 | 5 | 5 | 6 | 13 | 15 | 14 | |
| Interest | 14 | 13 | 14 | 16 | 22 | 22 | 18 | 18 |
| Depreciation | 14 | 12 | 12 | 15 | 21 | 24 | 28 | 29 |
| Profit before tax | 52 | 60 | 83 | 96 | 108 | 88 | 53 | 50 |
| Tax % | 31% | 26% | 27% | 26% | 26% | 26% | 26% | |
| 36 | 45 | 61 | 72 | 80 | 65 | 39 | 37 | |
| EPS in Rs | 9.11 | 11.32 | 15.54 | 9.09 | 10.21 | 6.39 | 3.81 | 3.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 4% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -18% |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 10% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 51 | 51 |
| Reserves | 112 | 157 | 218 | 279 | 359 | 777 | 816 |
| 102 | 141 | 150 | 215 | 269 | 176 | 226 | |
| 105 | 88 | 83 | 70 | 86 | 100 | 113 | |
| Total Liabilities | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,205 |
| 73 | 73 | 74 | 91 | 105 | 154 | 206 | |
| CWIP | 0 | 1 | 9 | 17 | 0 | 15 | 31 |
| Investments | 3 | 3 | 1 | 4 | 3 | 3 | 3 |
| 283 | 349 | 406 | 492 | 646 | 932 | 965 | |
| Total Assets | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,205 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 81 | -26 | 5 | 2 | 1 | -3 | -22 | |
| -24 | -2 | -3 | -36 | -40 | -241 | 2 | |
| -54 | 26 | -3 | 33 | 40 | 247 | 25 | |
| Net Cash Flow | 3 | -3 | -1 | -1 | 0 | 3 | 4 |
| Free Cash Flow | 71 | -38 | -10 | -40 | -35 | -90 | -102 |
| CFO/OP | 122% | -15% | 30% | 28% | 15% | 21% | 17% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 83 | 77 | 87 | 114 | 131 | 139 |
| Inventory Days | 0 | ||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 64 | 83 | 77 | 87 | 114 | 131 | 139 |
| Working Capital Days | 21 | 39 | 38 | 45 | 58 | 96 | 94 |
| ROCE % | 25% | 26% | 24% | 22% | 13% | 7% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Domestic Throughput Volume TEU |
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| EXIM Throughput Volume TEU |
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| Number of Customers customers |
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| Owned Shipping Containers containers |
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| Total Throughput Volume TEU |
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| Number of Branches branches |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- WCIL inaugurates Kolkata Dock GCT under 15-year SMPA agreement; Phase I operational, Phase II in 90 days.
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Letter To Members - The For Annual Report FY 2025-26
- 15th AGM on September 30, 2026; e-voting September 27-29, and KYC/email update reminder.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement regarding 15th Annual General Meeting to be held on Wednesday, September 30, 2026 at 12:30 P.M. (IST)
- Reg. 34 (1) Annual Report.
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Intimation Of 15Th Annual General Meeting
- Western Carriers issues 15th AGM notice; meeting on 30 September 2026 via VC/OAVM, with Kanishka Sethia reappointment.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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.