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Western Carriers (India) Limited
(WCIL)
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Rating:47Neutral
Price Target:
₹85.00
▼(-32.11% Downside)
Action:Reiterated
Date:08/22/26
The score is primarily constrained by weak financial quality: profitability deteriorated despite strong revenue growth, and operating/free cash flow were persistently negative and worsening, increasing financing dependence. Technicals add additional pressure with a clear downtrend (price below key moving averages and negative MACD). Valuation is only moderately supportive with a P/E around 24 and no dividend yield data.
Positive Factors
Accelerating Revenue Growth
Accelerating top-line growth indicates stronger customer activity and expanding logistics volumes. If sustained, this can improve operating scale and support longer-term capacity utilisation across the company’s transport and integrated logistics network.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating and free cash flow suggests growth is consuming substantial working capital or investment funding. Continued cash deficits can increase dependence on debt or equity and constrain WCIL’s ability to self-fund expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Accelerating top-line growth indicates stronger customer activity and expanding logistics volumes. If sustained, this can improve operating scale and support longer-term capacity utilisation across the company’s transport and integrated logistics network.
Read all positive factors
Western Carriers (India) Limited (WCIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.49B
Dividend YieldN/A
Average Volume (3M)3.33K
Price to Earnings (P/E)23.1
Beta (1Y)2.01
Revenue Growth9.28%
EPS Growth-35.59%
CountryIN
Employees1,477
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)2.22
Shares Outstanding101,955,215
10 Day Avg. Volume2,735
30 Day Avg. Volume3,335
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)0.92
Price to Sales (P/S)0.43
P/FCF Ratio-7.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Western Carriers (India) Limited Business Overview & Revenue Model
Company Description
Western Carriers (India) Limited operates as a holistic logistics solutions provider across India. The company offers a wide array of transportation services, including rail, road, air freight, and maritime options encompassing ocean, river, and c...
How the Company Makes Money
WCIL primarily makes money by charging customers for logistics services, with revenue typically tied to (a) freight/transportation charges for moving goods by road (priced per trip, per lane, per vehicle, per tonne/kilometre, or under contracted r...
Western Carriers (India) Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
70
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 8.68B | 18.29B | 17.26B |
| Gross Profit | 272.50M | 1.25B | 1.23B |
| EBITDA | 635.30M | 995.24M | 1.32B |
| Net Income | 230.24M | 388.17M | 651.30M |
Balance Sheet | |||
| Total Assets | 11.53B | 12.05B | 11.04B |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 384.96M | 1.69B |
| Total Debt | 1.93B | 2.26B | 1.76B |
| Total Liabilities | 3.06B | 3.38B | 2.75B |
| Stockholders Equity | 8.47B | 8.67B | 8.28B |
Cash Flow | |||
| Free Cash Flow | -1.06B | -1.07B | -899.20M |
| Operating Cash Flow | -258.66M | -268.91M | -26.94M |
| Investing Cash Flow | 1.60B | -108.67M | -2.41B |
| Financing Cash Flow | -1.59B | 421.32M | 2.47B |
Western Carriers (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹66.77B | 14.62 | ― | 1.15% | 9.59% | 6.92% | |
66 Neutral | ₹14.57B | 36.47 | ― | ― | 46.48% | ― | |
56 Neutral | ₹40.25B | 109.03 | ― | 0.62% | 16.93% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹8.63B | 27.83 | ― | ― | 16.89% | -27.40% | |
49 Neutral | ₹7.79B | -18.46 | ― | ― | 24.34% | -234.39% | |
47 Neutral | ₹8.49B | 23.07 | ― | ― | 9.28% | -35.59% |
* General Sector Average
IN:WCIL
Western Carriers (India) Limited
83.28
-52.87
-38.83%
IN:JITFINFRA
JITF Infralogistics Ltd.
303.15
-144.10
-32.22%
IN:MAHLOG
Mahindra Logistics Ltd.
405.45
86.31
27.05%
IN:NAVKARCORP
Navkar Corporation Ltd
96.77
-29.78
-23.53%
IN:RITCO
Ritco Logistics Ltd.
301.50
30.75
11.36%
IN:TCI
Transport Corporation of India Limited
869.10
-288.73
-24.94%
Western Carriers (India) Limited Corporate Events
Western Carriers Publishes Q1 FY27 Earnings Call Transcript for Investors
Aug 22, 2026
Western Carriers (India) Limited has released the official transcript of its Q1 FY27 earnings conference call, in which management discussed the company’s operational and financial performance for the quarter ended June 30, 2026. The call, h...
Western Carriers Publishes Q1 FY27 Consolidated Results in Line with SEBI Norms
Aug 15, 2026
Western Carriers (India) Limited has published extracts of its consolidated financial results for the quarter ended June 30, 2026, in leading newspapers and on its website in line with SEBI disclosure regulations. The June-quarter results, reviewe...
Western Carriers discloses promoter’s incremental share purchase
Jun 25, 2026
Western Carriers (India) Limited has disclosed a change in promoter shareholding following an open-market transaction. The company notified stock exchanges that its Chairman and Managing Director, and promoter, Rajendra Sethia, has increased his s...
Western Carriers wins ICC award for multimodal logistics excellence
Jun 6, 2026
Western Carriers (India) Limited has been honoured with the “Multimodal Logistics Excellence” award at the Excellence in Motion 2026 conference and awards organized by the Indian Chamber of Commerce. The accolade recognizes the company...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.