Western Carriers (India)
- Market cap
- ₹ 939 Cr.
- P/E
- 26.3x
- P/B
- 1.08x
- 52-week range
- 77.02 – 137
- ROE
- 5%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 0.26
- Sector
- Transport Services
- Industry
- Logistics Solution Provider
- Listed on
- NSE, BSE
About
Western Carriers (India) Limited is an India-based private, multi-modal, rail focused, 4PL asset-light logistics company. The Company's services include single window logistics, multimodal transportation, rail transport, road transport, cargo handling services, custom house agency, ocean and air freight, and warehouse/redistribution centers. Its single window logistics service provides a customized designed solution to its specific customers. Its multi-modal logistics solutions include road, railway, ocean/river/coastal and air logistics services. The Company's rail logistics services include the usage of a parcel cargo express train that runs from Maharashtra to Assam based on the requirements of its customers. It offers land logistics services through rail, road and through a combination of both to its customers, which include in-bound movement of containers, network-based distribution and others. It offers a comprehensive suite of ocean, coastal and inland river logistics services.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Logistics Solution Provider: 83 companies →Western Carriers (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)26.3 against a typical 16: pricier than most peers (1st = cheapest).58th of 82
- Sales growth+11.8% against a typical +15.2% from a year earlier.37th of 65
- Profit growth−19.5% against a typical +4.8% from a year earlier.38th of 51
- Share price, 3 months+5.9% against a typical −6.1%.21st of 75
- Size₹ 939.1 Cr. market value against a typical ₹ 127.3 Cr. (1st = largest).17th of 82
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A- | Stable | 26 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Sep 2025 | Rating action | Crisil A- | — | CRISIL | ₹ 276 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 16 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 13 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 14 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 16 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 426 | 457 | 402 | 423 | 431 | 443 | 429 | 416 | 440 | 478 | 496 | 465 |
| Expenses | 392 | 419 | 358 | 387 | 395 | 420 | 404 | 395 | 421 | 454 | 474 | 446 |
| Operating Profit | 34 | 37 | 44 | 35 | 36 | 23 | 25 | 21 | 19 | 24 | 21 | 19 |
| OPM % | 7.9% | 8.2% | 10.9% | 8.4% | 8.4% | 5.3% | 5.8% | 5% | 4.3% | 5% | 4.3% | 4% |
| Other Income | 1 | 2 | 2 | 1 | 2 | 5 | 5 | 4 | 4 | 3 | 3 | 4 |
| Interest | 5 | 6 | 7 | 6 | 7 | 5 | 4 | 5 | 5 | 4 | 5 | 4 |
| Depreciation | 5 | 6 | 6 | 5 | 6 | 6 | 7 | 6 | 7 | 8 | 8 | 7 |
| Profit before tax | 25 | 27 | 33 | 26 | 26 | 18 | 19 | 15 | 12 | 15 | 11 | 12 |
| Tax % | 26.6% | 25.6% | 26.2% | 26% | 25.8% | 25.9% | 25.8% | 26.6% | 26.5% | 26.1% | 26.6% | 26.8% |
| Net Profit | 18 | 20 | 24 | 19 | 19 | 13 | 14 | 11 | 9 | 11 | 8 | 9 |
| EPS in Rs | 2.33 | 2.59 | 3.07 | 2.4 | 1.86 | 1.29 | 1.38 | 1.06 | 0.88 | 1.06 | 0.81 | 0.85 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 11%
- 3 Years
- 4%
- TTM
- 9%
- 10 Years
- —
- 5 Years
- −3%
- 3 Years
- −18%
- TTM
- −36%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 14%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Western Carriers (India) | ₹ 94.99 | ₹ 939 Cr. | 26.3x | 1.1x | 5% | — |
| Delhivery | ₹ 370.00 | ₹ 27,724 Cr. | 226x | 3.8x | 1.6% | 1.5% |
| Urban Company | ₹ 132.65 | ₹ 20,457 Cr. | — | 8.9x | −11.9% | −15.1% |
| Indegene | ₹ 570.00 | ₹ 13,763 Cr. | 29.5x | 3.9x | 13.9% | 11.4% |
| BLS International Services | ₹ 208.70 | ₹ 8,593 Cr. | 14.2x | 3.9x | 32.7% | 24.1% |
| Axiscades Technologies | ₹ 1,915.00 | ₹ 8,154 Cr. | 83.3x | 9.1x | 10.5% | 6.2% |
Management
- Rajendra Sethia
- Executive Chairman of the Board, Managing Director
- Kanishka Sethia
- Chief Executive Officer, Chief Financial Officer, Whole Time Director
- Sapna Kochar
- Company Secretary , Compliance Officer
- Sushila Sethia
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.