Western Carriers (India) Ltd
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
- Market Cap ₹ 958 Cr.
- Current Price ₹ 94.0
- High / Low ₹ 127 / 77.0
- Stock P/E 26.1
- Book Value ₹ 85.0
- Dividend Yield 0.00 %
- ROCE 6.83 %
- ROE 4.58 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 1.11 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 | |
| Sales growth | +4% | +32% | +11% | +3% | +2% | +6% | +9% | |
| 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 | 4.56 | 5.66 | 7.77 | 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: | -24% |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 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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| 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)-Monitoring Agency Report
- CRISIL report for Sept 30, 2026 found IPO proceeds utilised as planned; capex spending delayed, no deviation.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- As per Regulation 30(6) of the SEBI (LODR) Regulation 2015 ('SEBI Listing Regulations'), please be informed that the Earnings Conference ....
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Board Meeting Intimation for Board Meeting - Regulations 29 Of The SEBI (LODR) Regulations, 2015 [SEBI (LODR) Regulations, 2015]
- Board meeting on 14 Nov 2026 to approve Q2 and half-year FY26 financial results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate submitted for quarter ended September 30, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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 2025Transcript
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Nov 2024Transcript
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.