Western Carriers (IND) L
NSE: WCIL · Logistics Solution Provider · sector
₹92.67NSE close 2026-10-26
Key numbers
Market cap₹945 cr
Price₹92.67
52w high / low₹137 / ₹77
P/E25.8xSector median 13.7x
P/B1.1xSector median 1.4x
Book value₹85.0
Dividend yield–Sector median 0.60%
ROE4.3%Sector median 9.1%
ROCE6.2%Sector median 11.4%
OPM4.4%Sector median 7.0%
Debt / equity0.25xSector median 0.24x
EV/EBITDA13.6xSector median 8.9x
Interest cover3.8x
Current ratio2.60x
Sales growth 3y–Sector median +7.7%
Profit growth 3y–Sector median -9.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Logistics Solution Provider (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹38 cr vs borrowings ₹217 cr (FY26): borrowings are higher by ₹179 cr.
- Operating profit covered interest 3.8x in the last 12 months.
- Promoter holding rose by 0.74 percentage points in a year, to 73.30% (2026-09-30).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 38% of net profit in the last 12 months.
- No dividend in the last 2 financial years.
- Price ₹92.67 on 2026-10-26: -32.4% from the 52-week high, +20.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹155.02 · low ₹71.09
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 431 | 443 | 429 | 416 | 440 | 478 | 496 | 465 |
| EBITDA | 36 | 23 | 25 | 21 | 19 | 24 | 21 | 19 |
| OPM % | 8.4% | 5.3% | 5.8% | 5.0% | 4.3% | 5.0% | 4.3% | 4.0% |
| Other income | 2 | 5 | 5 | 4 | 4 | 3 | 3 | 4 |
| Net profit | 19 | 13 | 14 | 11 | 9 | 11 | 8 | 9 |
| EPS (₹) | 2.33 | 1.11 | 1.32 | 1.06 | 0.88 | 1.06 | 0.81 | 0.85 |
| Revenue YoY | +1.9% | +7.9% | +15.7% | +11.8% | ||||
| Profit YoY | -52.8% | -18.0% | -41.3% | -19.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 1,726 | 1,829 | 1,878 |
| EBITDA | 120 | 85 | 83 |
| Net profit | 65 | 39 | 37 |
| EPS (₹) | 7.16 | 3.81 | 3.60 |
| Revenue growth | +6.0% | +9.3% | |
| Profit growth | -40.4% | -35.6% | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +9.3% |
| Net profit | – | – | -35.6% |
| EPS | – | – | – |
| Share price | – | -18.2% (2y) | -28.9% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 828 | 867 |
| Borrowings | 172 | 217 |
| Cash & equivalents | 190 | 38 |
| Total assets | 1,104 | 1,205 |
| Fixed assets | 119 | 167 |
| Capital work in progress | 15 | 31 |
| Investments | 0 | 0 |
| Receivables | 620 | 695 |
| Inventory | 0 | 0 |
| Payables | 80 | 83 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -3 | -22 |
| Cash from investing | -241 | 2 |
| Cash from financing | 247 | 25 |
| Capex | 87 | 81 |
| Free cash flow | -90 | -102 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 7.9% | 4.5% |
| ROCE % | 10.9% | 6.6% |
| Debtor days | 131 | 139 |
| Inventory days | 0 | 0 |
| Payable days | 17 | 17 |
| Cash conversion cycle (days) | 114 | 122 |
| Working capital days | 136 | 102 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.30% |
| FIIs | 0.03% |
| DIIs | 4.50% |
| of which Mutual funds | 0.98% |
| of which Insurance | 3.52% |
| Public (non-institutions) | 22.17% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.89% | 71.89% | 71.89% | 72.56% | 72.86% | 72.97% | 73.03% | 73.30% |
| Promoter group | % |
|---|---|
| Rajendra Sethia | 73.10% |
| Kanishka Sethia | 0.20% |
| Sushila Sethia | 0.00% |
| Narendra Sethia | 0.00% |
| Ratna Kumari Baid | 0.00% |
| Richa Mohta | 0.00% |
| Nirmal Kumar Bhutoria | 0.00% |
| Rajkumar Bhutoria | 0.00% |
| Rajni Bafna | 0.00% |
| Pushplata Banthia | 0.00% |
| Anjani Sethia | 0.00% |
| Adya Sethia | 0.00% |
| Kavya Sethia | 0.00% |
| Padam Chand Dhadda | 0.00% |
| Vijay Laxmi Dhadda | 0.00% |
| Public holders above 1% | % |
|---|---|
| Aditya Birla Sun Life Insurance Company Limited | 3.52% |
78,162 shareholders. Pledged: – of promoter shares.
Peers in Logistics Solution Provider
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CONCOR | ₹31,348 cr | 25.1x | 2.4x | 9.8% | 13.2% | 21.6% | +3.6% | 2.22% |
| DELHIVERY | ₹28,082 cr | 300.0x | 2.9x | 1.0% | 2.2% | 5.5% | +13.3% | – |
| SHADOWFAX | ₹16,722 cr | 128.7x | 9.6x | 6.4% | 7.5% | 5.0% | – | – |
| BLUEDART | ₹10,124 cr | 35.3x | 5.7x | 17.2% | 23.6% | 15.3% | +5.9% | 0.59% |
| TCI | ₹6,508 cr | 14.2x | 2.5x | 19.4% | 15.8% | 10.6% | +9.1% | 1.08% |
| TVSSCS | ₹4,879 cr | 75.7x | 2.4x | 3.4% | 8.3% | 7.0% | – | – |
| VRLLOG | ₹4,687 cr | 17.6x | 4.1x | 24.0% | 28.1% | 20.4% | +6.7% | 3.73% |
| MAHLOG | ₹3,871 cr | 104.6x | 3.3x | 4.8% | 11.9% | 5.5% | +10.9% | 0.46% |
| AFCOM | ₹3,781 cr | 18.9x | 8.3x | 54.4% | 45.9% | 35.1% | – | – |
| WCIL | ₹945 cr | 25.8x | 1.1x | 4.3% | 6.2% | 4.4% | – | – |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Logistics Solution Provider |
| Sub-industry | Logistics Solution Provider |
| Symbol | WCIL |
| BSE code | 544258 |
| ISIN | INE0CJF01024 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.