Western Carriers (India) Limited

Western Carriers (India) Limited

91.20
INR
-3.93
(-4.13%)
3.60EPS
28.13P/E
10.33BMarket Cap
Western Carriers (India) Limited
BSE:WCIL
(Bombay Stock Exchange)

Recent

price

91.20

P/E

ratio

28.13

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
INR
104.68
108.88
144.27
160.17
165.34
189.65
179.42
184.14
Revenue per Share
3.52
4.37
6
7.02
7.88
7.16
3.81
3.6
Basic EPS, GAAP
7
-3.71
-1.02
-3.89
-3.46
-9.88
-10.04
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.96
- -
- -
- -
- -
Dividend per Share
14.89
19.27
25.24
31.23
39.07
81.22
85.03
- -
Book Value per Share
11.84
16.21
22.19
28.18
36.02
78.17
81.99
- -
Tangible Book Value per Share
102
102
102
102
102
91
102
102
Basic Weighted Avg Shares
10,673
11,101
14,709
16,331
16,858
17,257
18,292
18,783
Sales/Revenue/Turnover
5.6
6.26
6.46
6.55
7.41
5.61
3.12
2.86
Operating Margin (%)
136
116
116
153
212
238
283
- -
Depreciation Expense
359
445
611
716
803
651
388
367
Net Income, GAAP
31.17
25.82
26.67
25.51
25.88
25.85
26.42
26.45
Effective Tax Rate (%)
3.36
4.01
4.16
4.38
4.77
3.77
2.12
1.96
Profit Margin (%)
698
1,281
1,647
2,205
2,953
6,425
5,096
- -
Working Capital
152
276
234
395
259
213
128
- -
LT Debt
1,520
1,966
2,576
3,186
3,984
8,281
8,670
- -
Total Equity
- -
18.45
18.67
17.15
15.6
8.72
4.06
- -
Return on Invested Capital (%)
- -
18.84
19.13
17.41
15.93
9.58
4.89
- -
Return on Capital (%)
- -
25.57
26.94
24.86
22.42
10.62
4.58
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,127
- -
LT Borrowings
- -
64
- -
LT Finance Leases
- -
64
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
102
102
102
Market Capitalization
12,260
7,958
10,325

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
8,276
- -
Cash, Cash Equivalents & STI
- -
505
- -
Accounts Receivable, Net
- -
6,952
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
3,180
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,127
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
38.46%
4.7%
Free Cash Flow
- -
73.42%
13.83%
Net Income, GAAP
- -
1.46%
-40.4%
Sales/Revenue/Turnover
- -
11.03%
6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,227
4,314
4,430
4,286
17,257
2026
4,158
4,396
4,781
4,957
18,292
2027
4,649
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.85
2.33
1.11
1.32
7.16
2026
1.06
0.88
1.06
0.81
3.81
2027
0.85
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
Business
Western Carriers (India) Ltd is a multi-modal, rail-focused, asset-light 4PL logistics company providing end-to-end supply chain and integrated logistics solutions across India. Founded in 1972 and headquartered in Kolkata, the company operates a comprehensive portfolio of services including rail and road freight transportation; containerized cargo movement; ocean, air, and river freight forwarding; custom house agency services with licenses at major Indian ports; warehousing and storage; cargo handling; and logistics consultancy. It serves diversified sectors including metals, FMCG, pharmaceuticals, chemicals, engineering, oil and gas, and retail through fully customizable logistics solutions combining various transport modes and value-added services. Western Carriers is recognized as one of India's largest private multi-modal logistics operators by container volume, with a significant market share in domestic and export-import logistics. The company owns and operates over 70 branches nationwide, specializing in general cargo, project cargo, bulk, and over-dimensional cargo handling. Its logistics offerings also include stevedoring, coastal cargo movement, trucking, clearance operations, and customs documentation, supported by a proprietary IT platform for real-time shipment tracking and visibility. Recent developments include the successful completion and launch of the Gati Shakti Multi-Modal Cargo Terminal at Devaliya Station, enhancing the company’s operational capacity in rail-linked logistics. In 2025, Western Carriers secured major long-term contracts, notably a ₹558 crore three-year logistics agreement with Jindal Stainless Limited, reinforcing its market position in industrial logistics solutions. The company went public with share listings on NSE and BSE in September 2024, funding capital expenditures such as commercial vehicles, specialized containers, and reach stackers to support its asset-light expansion strategy. It continues to focus on operational efficiency, multi-modal integration, and expanding its footprint in India's growing logistics sector. Western Carriers operates primarily across India with a strong rail-focused infrastructure, complementing road and port connectivity to deliver door-to-door logistics services. It has positioned itself as a key player in India's supply chain management segment by leveraging its scale, multi-modal expertise, and strategic partnerships with industrial clients. The company holds customs house agency licenses across most major Indian ports, facilitating smooth import-export processes. It maintains a customer-centric approach targeting large industrial conglomerates, SME exporters, and sectors requiring complex logistics solutions. Overall, Western Carriers (India) Ltd functions as a comprehensive logistics service provider integrating transportation, freight forwarding, clearance, storage, and cargo handling with a strong emphasis on rail transportation and multi-modal solutions, supported by recent strategic contracts and infrastructure investments that advance its leadership in the Indian logistics market.