Iware Supplychain Services Ltd
Incorporated in 2018, iWare Supply Chain Services Limited is a Pan-India integrated logistics company providing a wide range of services.[1]
- Market Cap ₹ 370 Cr.
- Current Price ₹ 345
- High / Low ₹ 395 / 70.0
- Stock P/E 24.6
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE 28.4 %
- ROE 41.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 70.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.3%
Cons
- Debtor days have increased from 66.2 to 84.9 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.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 19 | 24 | 44 | 59 | 86 | 258 | |
| 17 | 21 | 37 | 48 | 69 | 229 | |
| Operating Profit | 2 | 3 | 6 | 11 | 17 | 29 |
| OPM % | 12% | 13% | 14% | 19% | 20% | 11% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 3 | 3 | 3 | 4 |
| Depreciation | 0 | 1 | 3 | 3 | 4 | 5 |
| Profit before tax | 1 | 1 | 1 | 5 | 11 | 20 |
| Tax % | 27% | 29% | 53% | 22% | 26% | 25% |
| 1 | 1 | 0 | 4 | 8 | 15 | |
| EPS in Rs | 1,060.00 | 970.00 | 420.00 | 4,170.00 | 10.20 | 14.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 81% |
| TTM: | 200% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 230% |
| TTM: | 88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 333% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 50% |
| Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 8 | 11 |
| Reserves | 3 | 4 | 4 | 8 | 8 | 45 |
| 18 | 23 | 27 | 25 | 30 | 70 | |
| 2 | 7 | 8 | 13 | 11 | 34 | |
| Total Liabilities | 22 | 34 | 39 | 47 | 57 | 160 |
| 12 | 24 | 25 | 22 | 26 | 48 | |
| CWIP | 0 | 0 | 0 | 3 | 2 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 | 11 | 14 | 21 | 29 | 100 | |
| Total Assets | 22 | 34 | 39 | 47 | 57 | 160 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -3 | 8 | 2 | 10 | 6 | -20 | |
| -6 | -13 | -4 | -3 | -6 | -45 | |
| 8 | 5 | 1 | -5 | 2 | 64 | |
| Net Cash Flow | -0 | 0 | -0 | 2 | 2 | -1 |
| Free Cash Flow | -8 | -4 | -2 | 6 | -0 | -57 |
| CFO/OP | -106% | 279% | 45% | 103% | 55% | -50% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 82 | 48 | 69 | 54 | 60 | 85 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 82 | 48 | 69 | 54 | 60 | 85 |
| Working Capital Days | 115 | -47 | -17 | -35 | 8 | 26 |
| ROCE % | 10% | 13% | 25% | 35% | 28% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Apr 2025 | |
|---|---|---|---|---|
| Total Owned Vehicle Fleet Number |
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| Total Employee Count Number |
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| Rake Handling Number of Rakes |
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| Total Warehouse Space Sq. Ft. |
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| Warehouse Handling Volume Metric Tons (MT) |
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Extracted by Screener AI
Documents
Announcements
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Corrigendum
12 May 2026 - Company issued corrigendum updating EGM notice, valuation details, UBOs, and shareholding pattern for preferential issue.
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Statement of deviation(s) or variation(s) under Reg. 32
12 May 2026 - Submitted Regulation 32 deviation/variation statement for IPO proceeds as of 31 March 2026.
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Dividend
12 May 2026 - Audited FY26 results approved; 10% final dividend recommended; internal auditor reappointed; management committee expanded.
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Outcome of Board Meeting
12 May 2026 - Board approved FY26 audited results, recommended 10% dividend, reappointed internal auditor, and added Joint MD to committee.
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Updates
5 May 2026 - Newspaper publication for EGM on 26 May 2026 and remote e-voting instructions.
Integrated Logistics Firm[1]
iWare offers comprehensive logistics services—warehousing, transport, rack handling, auxiliary services, and rentals—making it a one-stop supply chain partner. Its integrated road and rail network, including Indian Railways' BCN rake services.