Western Carriers (India) Ltd

₹ 93.0 -0.16%

01 Oct - close price

western-carriers.com BSE: 544258 NSE: WCIL

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.

Website BSE NSE

Market Cap ₹ 948 Cr.
Current Price ₹ 93.0
High / Low ₹ 138 / 77.0
Stock P/E 25.8
Book Value ₹ 85.0
Dividend Yield 0.00 %
ROCE 6.83 %
ROE 4.58 %
Face Value ₹ 5.00

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Pros

Stock is trading at 1.09 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

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Detailed Comparison with:

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	Dec 2025	Mar 2026	Jun 2026
	401.57	425.85	456.71	401.64	422.71	431.43	443.00	428.58	415.82	439.62	478.09	495.72	464.88
	370.26	392.29	419.36	357.81	387.25	395.29	419.61	403.63	395.02	420.79	454.17	474.29	446.20
Operating Profit	31.31	33.56	37.35	43.83	35.46	36.14	23.39	24.95	20.80	18.83	23.92	21.43	18.68
OPM %	7.80%	7.88%	8.18%	10.91%	8.39%	8.38%	5.28%	5.82%	5.00%	4.28%	5.00%	4.32%	4.02%
	1.27	1.13	1.86	1.51	1.38	1.88	5.11	4.85	4.17	4.36	2.76	3.26	3.51
Interest	4.46	4.76	6.21	6.75	6.08	6.72	4.51	4.21	4.53	4.53	4.14	5.25	3.69
Depreciation	4.80	5.03	5.59	5.82	5.23	5.77	6.18	6.62	5.74	6.50	7.89	8.19	6.63
Profit before tax	23.32	24.90	27.41	32.77	25.53	25.53	17.81	18.97	14.70	12.16	14.65	11.25	11.87
Tax %	25.17%	26.55%	25.61%	26.15%	25.97%	25.77%	25.88%	25.78%	26.60%	26.48%	26.08%	26.58%	26.79%
	17.46	18.30	20.39	24.20	18.90	18.96	13.20	14.08	10.79	8.95	10.83	8.26	8.69
EPS in Rs	2.22	2.33	2.59	3.07	2.40	1.86	1.29	1.38	1.06	0.88	1.06	0.81	0.85
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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	19	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:	-29%

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%	16%

Ratios

Consolidated / 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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		xx	xx	xx

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EXIM Throughput Volume
TEU

Number of Customers
customers

Owned Shipping Containers
containers

Total Throughput Volume
TEU

Number of Branches
branches

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.89%	71.89%	71.89%	71.89%	72.56%	72.86%	72.97%	73.03%
	4.22%	1.40%	0.29%	0.30%	0.61%	0.25%	0.04%	0.00%
	9.14%	9.45%	8.53%	7.39%	5.78%	4.75%	4.75%	4.75%
	14.75%	17.25%	19.27%	20.41%	21.04%	22.14%	22.24%	22.22%
No. of Shareholders	1,13,812	1,09,023	1,07,207	1,03,527	92,746	86,711	82,520	80,532

	Mar 2025	Mar 2026	Jun 2026
	71.89%	72.97%	73.03%
	0.29%	0.04%	0.00%
	8.53%	4.75%	4.75%
	19.27%	22.24%	22.22%
No. of Shareholders	1,07,207	82,520	80,532

* 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.

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