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Prices as of 9 Oct 2026 close · Not investment advice

Western Carriers (India) Limited

NSE: WCILLogistics Solution Provider

Share price

₹97.52

+4.52% close of 9 Oct 2026

Market cap ₹995 CrP/E 27.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

48

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹995 Cr

P/E ratio

27.1

P/B ratio

1.1

ROCE

6.8%

ROE

4.6%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹135.3652-week low ₹77.87

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.3% over the past year, and 4.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 8.8% to 4.4% over the last two years.

Whether it grew faster than its sector

It grew 4.1% a year against a sector median of 9.8% — 5.7 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Western Carriers (India) Limited — this one-18%/yr27.1×—
Container Corporation of India Limited2%/yr27.1×₹13.5
Delhivery Limited26%/yr250.3×₹9.6
Shadowfax Technologies Limited41%/yr101.5×₹2.5
Blue Dart Express Limited-10%/yr33.9×—
Transport Corporation of India Limited12%/yr13.9×₹1.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Logistics Solution Provider), it ranks 23 of 36 on returns, 27 of 35 on growth, 25 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 6.8% on capital, ahead of 36% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹17 crore of cash before any plant spend, funded from lenders and shareholders. But only about 10 of every 100 rupees of profit it reported over 7 years arrived as cash — the rest is tied up. Its cash comes back more slowly than it used to: it went from being waiting 38 days for its cash to waiting 94 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 12%, but net profit fell 19% while the operating margin stayed near 4%.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹465 Cr

Revenue vs last year

+11.8%

Revenue vs last quarter

-6.2%

Net profit

₹9 Cr

Profit vs last year

-19.4%

Profit vs last quarter

+5.2%

Net margin

1.9%

EPS

₹0.85

Earnings call transcript · 17 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹995 Cr
Prev close
₹97.52
52w High
₹137
52w Low
₹77.0
Enterprise value
₹1,183 Cr
Beta
1.3
Price CAGR 1y
-30.0%
Price CAGR 3y
—
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
3.2%
PEG ratio
-1.5
P/E ratio
27.1
P/B ratio
1.1
EV / EBITDA
14.3
Industry P/E
24.7
ROCE
6.8%
ROCE 5y average
18.4%
ROE
4.6%
Debt / Equity
0.3
Interest coverage
3.8
Dividend yield
0.0%
ROE 3y average
10.0%
ROE last year
5.0%

Annual P&L

Annual revenue
₹1,829 Cr
Annual profit
₹39 Cr
Operating margin
4.7%
Net profit margin
2.1%
EBITDA margin
4.6%
Sales growth 3y
3.9%
Sales growth 5y
10.5%
Profit growth 3y
-18.0%
Profit growth 5y
-3.0%
EPS
₹3.8
Sales growth TTM
9.0%
Profit growth TTM
-36.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹465 Cr
Profit latest quarter
₹9 Cr
YoY quarterly sales growth
11.8%
YoY quarterly profit growth
-19.5%
OPM latest quarter
4.0%

Balance Sheet

Book Value
₹85.0
Face Value
₹5.0
Total debt
₹226 Cr
Total cash
₹38 Cr
Borrowings
₹226 Cr
Reserves / Equity
16.0

Cash Flow

Operating cash flow
-₹22 Cr
Free cash flow
-₹102 Cr
FCF yield
-12.2%
Net cash flow
₹4 Cr

Shareholding

Promoter holding
73.0%
FII holding
0.0%
DII holding
4.8%
Public holding
22.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Container Corpn.433.7526.633,0351.98268.90.12,159.80.312.6
Delhivery394.35247.829,5480.0031.9-65.02,930.727.81.0
Shadowfax Technologies285.5597.316,7600.0066.2624.31,323.966.310.3
Blue Dart Expres4,554.0033.310,8070.5588.581.21,657.715.015.8
Transport Corp.878.0014.86,7461.13106.6-0.81,248.59.619.4
TVS Supply125.5078.15,5370.0022.5-84.33,335.228.710.1
VRL Logistics283.8018.64,9651.7680.560.9878.818.118.3
Western Carriers93.0525.99490.008.7-19.5464.911.86.8
Median149.3024.35760.008.428.0190.821.712.6

Competes with: Blue Dart Express Limited, Container Corporation of India Limited, Delhivery Limited, Shadowfax Technologies Limited, Shiprocket Limited, TVS Supply Chain Solutions Limited, Transport Corporation of India Limited, VRL Logistics Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales402426457402423431443429416440478496465
Expenses370392419358387395420404395421454474446
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost141516161616
Other Expenses390380405439459430
Operating Profit31343744353623252119242119
OPM %7.807.888.18118.398.385.285.8254.2854.324.02
Other Income1.271.131.861.511.381.885.114.854.174.362.763.263.51
Exceptional items (within Other Income)000000
Interest4.464.766.216.756.086.724.514.214.534.534.145.253.69
Depreciation4.805.035.595.825.235.776.186.625.746.507.898.196.63
Profit before tax23252733262618191512151112
Tax %25272626262626262726262727
Net Profit1718202419191314118.95118.268.69
EPS in Rs2.222.332.593.072.401.861.291.381.060.881.060.810.85
Diluted EPS in Rs1.321.060.881.060.810.85

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0671,1101,4711,6331,6861,7261,8291,878
Expenses9941,0291,3671,5111,5401,6051,7441,795
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost5361
Other Expenses1,5531,683
Operating Profit73811041221461218583
OPM %7777974.704.40
Other Income64556131514
Exceptional items (within Other Income)00
Interest1413141622221918
Depreciation1412121521242829
Profit before tax52608396108885350
Tax %31262726262626
Net Profit3645617280653937
EPS in Rs9.1111169.09106.393.813.60
Diluted EPS in Rs7.163.81
Dividend Payout %0000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

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
-30%

Return on equity

10 years
—
5 years
14%
3 years
10%
Last year
5%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital39393939395151
Reserves112157218279359777816
Borrowings102141150215269176226
Other Liabilities10588837086100113
Total Liabilities3594254906047541,1041,205
Fixed Assets73737491105154206
CWIP0191701531
Investments3314333
Other Assets283349406492646932965
Total Assets3594254906047541,1041,205

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity81-26521-2.69-22
Cash from Investing Activity-24-2-3-36-40-2412
Cash from Financing Activity-5426-3334024725
Net Cash Flow3-3-1-1034
Free Cash Flow71-38-10-40-35-90-102

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days64837787114131139
Inventory Days0
Cash Conversion Cycle64837787114131139
Working Capital Days21393845589694
ROCE %25262422137

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters7272727273737373
FIIs4.221.400.290.300.610.250.040
DIIs9.149.458.537.395.784.754.754.75
Public1517192021222222
No. of Shareholders1,13,8121,09,0231,07,2071,03,52792,74686,71182,52080,532

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -20.6% (₹122.85 → ₹97.52)Brick size ₹3.87 (fixed)Bricks 41
₹80.00₹120₹97.52Nov '25Feb '26Apr '26Jun '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹97.52 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

188inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

21.43cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Western Carriers (India) Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • High Speed Diesel (HSD) — road freight / subcontracted trucking fuel
  • ISO shipping containers + specialized containers (161 procured FY26)
  • Third-party road freight (subcontracted HCVs) & rail freight capacity (Indian Railways/CONCOR)

Depends on the price of

  • diesel

Sells products of

Sells to

  • BALCO (Bharat Aluminium Co) · aluminium logistics (Vedanta-group unlisted)
  • Brahmaputra Cracker and Polymer Limited (BCPL) · petrochemical logistics (polymer transport, Northeast India)
  • Cipla · pharmaceutical logistics (transport, warehousing)
  • DHL · freight forwarding / EXIM partner logistics
  • GHCL Limited · chemical logistics (bulk chemicals transport, warehousing)
  • Haldia Petrochemicals Ltd · petrochemical logistics (chemicals/polymer transport)
  • Hindalco Industries · metals logistics (aluminium container transport, multimodal)
  • JSW Steel · steel logistics (multimodal transport)
  • Jindal Stainless Limited · integrated EXIM logistics (rail container transport ports-to-plant, customs, last-mile; 3-…
  • MCPI Pvt Ltd (Mitsubishi Chemical PTA India) · chemical/PTA logistics (transport, warehousing)
  • Sheela Foam Limited · consumer goods logistics (foam/mattress transport and distribution)
  • Tata Steel · multimodal steel logistics (rail/road container transport, warehousing)
  • Vedanta Limited · integrated EXIM & domestic logistics (aluminium ingots/billets/wire rods; 4-yr Rs 1,089 cr…

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Logistics Solution Provider
Classification
Services › Logistics Solution Provider
ISIN
INE0CJF01024

Plants

  • Registered Office & Headquarters · Kolkata, West Bengal

News impact

Big market events that reach Western Carriers (India) Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
29 Sep 2026RAJENDRA SETHIA · Promoter and DirectorBUY66,0000.62
22 Sep 2026RAJENDRA SETHIA · Promoter and DirectorBUY1,05,0001.01
19 Sep 2026RAJENDRA SETHIA · Promoter and DirectorBUY1,00,0000.98

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.