Western Carriers
WCIL NSE
Western Carriers
ServicesNSE: WCIL BSE: 544258 Transport Services
Key Fundamentals
MicrocapLogistics Solution ProviderLogistics & CargoMarket Cap
₹879 Cr
Volatility
Moderate
P/E Ratio
24.31
EBITDA
₹84.98 Cr
Return on Equity
7.87%
Debt to Equity
0.26
Book Value
₹85.03
52W High
₹147.29
52W Low
₹77.02
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 1.03 times its book value
Weaknesses
3- 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.
Growth Rate
Revenue Growth
5.2% higher than
3Y
Net Income Growth
-41.26% lower than
3Y
Cash Flow Change
-464% lower than
3Y
ROE
-60.98% lower than
3Y
ROCE
-57.97% higher than
3Y
EBITDA Margin (Avg.)
-39.82% higher than
3Y
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 402 | 426 | 457 | 402 | 423 | 431 | 443 | 429 | 416 | 440 | 478 | 496 | 465 |
| Expenses | 370 | 392 | 419 | 358 | 387 | 395 | 420 | 404 | 395 | 421 | 454 | 474 | 446 |
| Operating Profit | 31.31 | 33.56 | 37.35 | 43.83 | 35.46 | 36.14 | 23.39 | 24.95 | 20.8 | 18.83 | 23.92 | 21.43 | 18.68 |
| OPM % | 7.8% | 7.88% | 8.18% | 10.91% | 8.39% | 8.38% | 5.28% | 5.82% | 5% | 4.28% | 5% | 4.32% | 4.02% |
| Other Income | 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 | 4.8 | 5.03 | 5.59 | 5.82 | 5.23 | 5.77 | 6.18 | 6.62 | 5.74 | 6.5 | 7.89 | 8.19 | 6.63 |
| PBT | 23.32 | 24.9 | 27.41 | 32.77 | 25.53 | 25.53 | 17.81 | 18.97 | 14.7 | 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% | 26.6% | 26.48% | 26.08% | 26.58% | 26.79% |
| Net Profit | 17.46 | 18.3 | 20.39 | 24.2 | 18.9 | 18.96 | 13.2 | 14.08 | 10.79 | 8.95 | 10.83 | 8.26 | 8.69 |
| EPS in Rs | 2.22 | 2.33 | 2.59 | 3.07 | 2.4 | 1.86 | 1.29 | 1.38 | 1.06 | 0.88 | 1.06 | 0.81 | 0.85 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | 1,726 | 1,829 | 1,878 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 52 | 60 | 83 | 96 | 108 | 88 | 53 | 50 |
| Tax % | 31% | 26% | 27% | 26% | 26% | 26% | 26% | — |
| Net Profit | 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 | 3.6 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 102 | 141 | 150 | 215 | 269 | 176 | 226 |
| Other Liabilities | 105 | 88 | 83 | 70 | 86 | 100 | 113 |
| Total Liabilities | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,205 |
| Fixed Assets | 73 | 73 | 74 | 91 | 105 | 154 | 206 |
| CWIP | 0 | 1 | 9 | 17 | 0 | 15 | 31 |
| Investments | 3 | 3 | 1 | 4 | 3 | 3 | 3 |
| Other Assets | 283 | 349 | 406 | 492 | 646 | 932 | 965 |
| Total Assets | 359 | 425 | 490 | 604 | 754 | 1,104 | 1,205 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 81 | -26 | 5 | 2 | 1 | -3 | -22 |
| Investing | -24 | -2 | -3 | -36 | -40 | -241 | 2 |
| Financing | -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
| Particulars | 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 | — | — | — | — |
| 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Western Carriers insights
47 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Sep - WCIL inaugurates Kolkata Dock GCT under 15-year SMPA agreement; Phase I operational, Phase II in 90 days. 11 Sep - WCIL inaugurates Kolkata Dock GCT under 15-year SMPA agreement; Phase I operational, Phase II in 90 days.
2
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
30 Apr - Western Carriers says it is not a large corporate; FY2025-26 borrowing and bond shortfall are nil. 30 Apr - Western Carriers says it is not a large corporate; FY2025-26 borrowing and bond shortfall are nil.
3
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
30 Apr - Western Carriers says it is not a large corporate; FY2025-26 borrowing and bond shortfall are nil. 30 Apr - Western Carriers says it is not a large corporate; FY2025-26 borrowing and bond shortfall are nil.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
1d - Western Carriers reports it is not a Large Corporate; outstanding borrowings were Rs. 6.42 crore on 31 March 2026. 1d - Western Carriers reports it is not a Large Corporate; outstanding borrowings were Rs. 6.42 crore on 31 March 2026.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
24 Apr - Western Carriers reports it is not a Large Corporate; outstanding borrowings were Rs. 6.42 crore on 31 March 2026. 24 Apr - Western Carriers reports it is not a Large Corporate; outstanding borrowings were Rs. 6.42 crore on 31 March 2026.
Frequently Asked Questions about Western Carriers
What does Western Carriers (India) Ltd do?
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
Where is Western Carriers (India) Ltd (WCIL) listed?
Western Carriers (India) Ltd trades as WCIL on the NSE and under code 544258 on the BSE.
Which sector does Western Carriers (India) Ltd belong to?
Western Carriers (India) Ltd is classified under the Services sector, in the Transport Services industry.
What is the market capitalisation of Western Carriers (India) Ltd?
Western Carriers (India) Ltd has a market capitalisation of ₹879.16 Cr, which places it in the Small Cap band.
What is the PE ratio of Western Carriers (India) Ltd?
Western Carriers (India) Ltd trades at a PE ratio of 24.31, against a book value of ₹85.03 per share.
What is the 52-week high and low of Western Carriers (India) Ltd?
Over the last 52 weeks Western Carriers (India) Ltd has traded between ₹77.02 and ₹147.29.
What is the Return on Equity (ROE) of Western Carriers (India) Ltd?
Western Carriers (India) Ltd reported a return on equity of 7.87%. Its debt-to-equity ratio is 0.26.
Company Information
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]
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