Western Carriers (India) Ltd

Western Carriers (India) Ltd

₹ 149 -1.94%
16 Oct - close price
About

Incorporated in March 2011, Western Carriers (India) Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company.[1]

Key Points

Business Service[1]
- 3PL/4PL Services
- Courier Services
- Air Freight
- Water Freight
- Warehousing
- Project Logistics
- Road/Rail Transport
Their value-added services span the entire supply chain, from production and packaging to export, arrival, customs clearance, and multimodal transport, ensuring efficient and customized logistics solutions for clients.

  • Market Cap 1,516 Cr.
  • Current Price 149
  • High / Low 177 / 141
  • Stock P/E 18.9
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 21.9 %
  • ROE 22.4 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%

Cons

  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Debtor days have increased from 92.7 to 114 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

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Mar 2024 Jun 2024
402 402 423
370 358 387
Operating Profit 31 44 35
OPM % 8% 11% 8%
1 2 1
Interest 4 7 6
Depreciation 5 6 5
Profit before tax 23 33 26
Tax % 25% 26% 26%
17 24 19
EPS in Rs 2.22 3.07 2.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,034 1,067 1,110 1,471 1,633 1,686
982 996 1,029 1,367 1,511 1,540
Operating Profit 52 72 81 104 122 146
OPM % 5% 7% 7% 7% 7% 9%
5 6 4 5 5 6
Interest 13 12 13 14 16 22
Depreciation 10 12 12 12 15 21
Profit before tax 33 53 60 83 96 108
Tax % 34% 30% 26% 27% 26% 26%
22 37 45 61 72 80
EPS in Rs 5.50 9.51 11.31 15.53 9.09 10.21
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 15%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 22%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 24%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 39 39 39 39 39 39
Reserves 73 110 157 218 279 359
141 100 141 145 207 269
107 105 87 82 70 86
Total Liabilities 360 355 425 485 596 754
71 67 73 76 91 105
CWIP 0 0 1 2 7 0
Investments 3 4 4 1 5 3
286 283 348 406 493 646
Total Assets 360 355 425 485 596 754

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
34 64 -26 5 2 1
-21 -6 -2 2 -33 -40
-8 -51 26 -8 30 40
Net Cash Flow 5 8 -3 -1 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 71 65 83 77 87 114
Inventory Days 0
Days Payable
Cash Conversion Cycle 71 65 83 77 87 114
Working Capital Days 49 45 72 70 84 111
ROCE % 26% 25% 26% 24% 22%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2024
71.89%
5.46%
8.52%
14.13%
No. of Shareholders 1,18,857

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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