Western Carriers (India) Ltd
WCIL NSE
Western Carriers (India) Ltd
ServicesNSE: WCIL BSE: 544258 Transport Services
Key Fundamentals
MicrocapLogistics Solution ProviderLogistics & CargoMarket Cap
₹878 Cr
Volatility
Moderate
P/E Ratio
24.29
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
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Western Carriers (India) Ltd insights
47 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Stock is trading at 1.02 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
5.20% ↗
Net Income Growth
-41.26% ↘
Cash Flow Change
-463.51% ↘
ROE
-60.98% ↘
ROCE
-57.97% ↘
EBITDA Margin (Avg.)
-39.82% ↘
Quarterly Results
| 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
| 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
| 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
| 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
| 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% |
Documents
1
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.
2
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.
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
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
13 Apr - Shareholders approved Sunil Duggal’s appointment as Non-Executive Independent Director for five years from February 13, 2026. 13 Apr - Shareholders approved Sunil Duggal’s appointment as Non-Executive Independent Director for five years from February 13, 2026.
2
Board Meeting Outcome for Outcome Of The Board Meeting Held Today I.E. Friday August 14 2026 14 Aug 2026
Outcome
Frequently Asked Questions about Western Carriers (India) Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: WCIL and BSE: 544258. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Western Carriers (India) Ltd belong to?
Western Carriers (India) Ltd operates in the Services sector within the Transport Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Western Carriers (India) Ltd?
Western Carriers (India) Ltd has a market capitalisation of approximately ₹878.45 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Western Carriers (India) Ltd?
The Price-to-Earnings (PE) ratio of Western Carriers (India) Ltd is 24.29. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Western Carriers (India) Ltd?
Over the past 52 weeks, Western Carriers (India) Ltd has traded between a low of ₹77.02 and a high of ₹147.29. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Western Carriers (India) Ltd?
Western Carriers (India) Ltd has a Return on Equity (ROE) of 7.87%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Western Carriers (India) Ltd on Tapetide?
On Tapetide, you can view Western Carriers (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1972, Western Carriers (India) Ltd provides end-to-end supply chain management[1]