Western Carriers (India) Ltd
Incorporated in March 2011, Western Carriers (India) Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company.[1]
- Market Cap ₹ 1,214 Cr.
- Current Price ₹ 119
- High / Low ₹ 177 / 118
- Stock P/E 15.1
- Book Value ₹ 82.0
- Dividend Yield 0.00 %
- ROCE 21.7 %
- ROE 22.4 %
- Face Value ₹ 5.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 1,067 | 1,110 | 1,471 | 1,633 | 1,686 | |
| 994 | 1,029 | 1,367 | 1,511 | 1,540 | |
| Operating Profit | 73 | 81 | 104 | 122 | 146 |
| OPM % | 7% | 7% | 7% | 7% | 9% |
| 6 | 4 | 5 | 5 | 6 | |
| Interest | 14 | 13 | 14 | 16 | 22 |
| Depreciation | 14 | 12 | 12 | 15 | 21 |
| Profit before tax | 52 | 60 | 83 | 96 | 108 |
| Tax % | 31% | 26% | 27% | 26% | 26% |
| 36 | 45 | 61 | 72 | 80 | |
| EPS in Rs | 9.11 | 11.32 | 15.54 | 9.09 | 10.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 51 |
| Reserves | 112 | 157 | 218 | 279 | 359 | 785 |
| 102 | 141 | 150 | 215 | 269 | 290 | |
| 105 | 88 | 83 | 70 | 86 | 80 | |
| Total Liabilities | 359 | 425 | 490 | 604 | 754 | 1,206 |
| 73 | 73 | 74 | 91 | 105 | 125 | |
| CWIP | 0 | 1 | 9 | 17 | 0 | 0 |
| Investments | 3 | 3 | 1 | 4 | 3 | 3 |
| 283 | 349 | 406 | 492 | 646 | 1,078 | |
| Total Assets | 359 | 425 | 490 | 604 | 754 | 1,206 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 81 | -26 | 5 | 2 | 1 | |
| -24 | -2 | -3 | -36 | -40 | |
| -54 | 26 | -3 | 33 | 40 | |
| Net Cash Flow | 3 | -3 | -1 | -1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 64 | 83 | 77 | 87 | 114 |
| Inventory Days | 0 | ||||
| Days Payable | |||||
| Cash Conversion Cycle | 64 | 83 | 77 | 87 | 114 |
| Working Capital Days | 47 | 72 | 70 | 84 | 111 |
| ROCE % | 25% | 26% | 24% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Read with Schedule III and Reg 47 of SEBI (LODR) Reg 2015, we herewith the copies of the newspaper advertisements published on 15th November 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of earnings conference call for Q2 results.
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Statement Of Deviation(S) Or Variation(S) Of Funds For The Quarter Ended September 30, 2024
2d - No deviation in IPO fund utilization for Q3 2024.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2d - Monitoring Agency Report on IPO proceeds utilization.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Nov - Unaudited financial results for Q2 and H1 FY25.
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.