About
Western Carriers (India) Limited provides single and multi-modal transportation, warehousing, and other services in India. The company offers railway, road, ocean/river/coastal, and air logistics services; and chartering services to overseas destinations. It also offers stevedoring services at Indian ports and coastal movement within India. In addition, the company provides single window logistics, cargo and material handling, and custom house agency services, as well as project logistics services. Further, it operates warehouse/redistribution centers. Western Carriers (India) Limited was founded in 1972 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap855 Cr
P/E23.30
Div Yield0.00 %
Book Value₹85.00
52w High₹147.00
52w Low₹77.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 464.88 | 495.72 | 478.09 | 439.62 | 415.82 | 428.58 | 443.00 | 431.43 | 422.71 | 401.64 | 456.71 | 425.85 | 401.57 |
| Expenses | 446.20 | 474.29 | 454.17 | 420.79 | 395.03 | 403.63 | 419.60 | 395.29 | 387.25 | 357.81 | 419.36 | 392.29 | 370.25 |
| Operating Profit | 18.68 | 21.43 | 23.92 | 18.83 | 20.79 | 24.95 | 23.40 | 36.14 | 35.46 | 43.83 | 37.35 | 33.56 | 31.32 |
| OPM % | 4.02 | 4.32 | 5.00 | 4.28 | 5.00 | 5.82 | 5.28 | 8.38 | 8.39 | 10.91 | 8.18 | 7.88 | 7.80 |
| Other Income | 3.51 | 3.26 | 2.76 | 4.36 | 4.17 | 4.85 | 5.10 | 1.88 | 1.37 | 1.51 | 1.86 | 1.13 | 1.25 |
| Depreciation | 6.63 | 8.19 | 7.89 | 6.50 | 5.74 | 6.62 | 6.18 | 5.77 | 5.23 | 5.82 | 5.59 | 5.03 | 4.80 |
| Interest | 3.69 | 5.25 | 4.14 | 4.53 | 4.53 | 4.21 | 4.51 | 6.72 | 6.08 | 6.75 | 6.21 | 4.76 | 4.46 |
| Profit before tax | 11.87 | 11.25 | 14.65 | 12.16 | 14.69 | 18.97 | 17.81 | 25.53 | 25.52 | 32.77 | 27.41 | 24.90 | 23.31 |
| Tax % | 26.79 | 26.58 | 26.08 | 26.48 | 26.62 | 25.78 | 25.88 | 25.77 | 25.98 | 26.15 | 25.61 | 26.55 | 25.18 |
| Net Profit | 8.69 | 8.26 | 10.83 | 8.95 | 10.78 | 14.08 | 13.20 | 18.96 | 18.90 | 24.20 | 20.39 | 18.30 | 17.44 |
| EPS in Rs | 0.85 | 0.81 | 1.06 | 0.88 | 1.06 | 1.38 | 1.29 | 1.86 | 2.40 | 3.07 | 2.59 | 2.33 | 2.22 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,829.00 | 1,726.00 | 1,686.00 | 1,633.00 | 1,471.00 | 1,110.00 | 1,067.00 | 1,034.00 |
| Expenses | 1,744.00 | 1,605.00 | 1,540.00 | 1,511.00 | 1,367.00 | 1,029.00 | 996.00 | 982.00 |
| Operating Profit | 85.00 | 121.00 | 146.00 | 122.00 | 104.00 | 81.00 | 72.00 | 52.00 |
| OPM % | 4.70 | 7.00 | 9.00 | 7.00 | 7.00 | 7.00 | 7.00 | 5.00 |
| Other Income | 15.00 | 13.00 | 6.00 | 5.00 | 5.00 | 4.00 | 6.00 | 5.00 |
| Interest | 18.00 | 22.00 | 22.00 | 16.00 | 14.00 | 13.00 | 12.00 | 13.00 |
| Depreciation | 28.00 | 24.00 | 21.00 | 15.00 | 12.00 | 12.00 | 12.00 | 10.00 |
| Profit before tax | 53.00 | 88.00 | 108.00 | 96.00 | 83.00 | 60.00 | 53.00 | 33.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 26.00 | 27.00 | 26.00 | 30.00 | 34.00 |
| Net Profit | 39.00 | 65.00 | 80.00 | 72.00 | 61.00 | 45.00 | 37.00 | 22.00 |
| EPS in Rs | 3.81 | 6.39 | 10.21 | 9.09 | 15.53 | 11.31 | 9.51 | 5.50 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51.00 | 51.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 |
| Reserves | 816.00 | 777.00 | 359.00 | 279.00 | 218.00 | 157.00 | 110.00 | 73.00 |
| Borrowings | 226.00 | 176.00 | 269.00 | 207.00 | 145.00 | 141.00 | 100.00 | 141.00 |
| Other Liabilities | 113.00 | 100.00 | 86.00 | 70.00 | 82.00 | 87.00 | 105.00 | 107.00 |
| Total Liabilities | 1,205.00 | 1,104.00 | 754.00 | 596.00 | 485.00 | 425.00 | 355.00 | 360.00 |
| Fixed Assets | 206.00 | 154.00 | 105.00 | 91.00 | 76.00 | 73.00 | 67.00 | 71.00 |
| CWIP | 31.00 | 15.00 | 0.00 | 7.00 | 2.00 | 1.00 | 0.00 | 0.00 |
| Investments | 3.00 | 3.00 | 3.00 | 5.00 | 1.00 | 4.00 | 4.00 | 3.00 |
| Other Assets | 965.00 | 932.00 | 646.00 | 493.00 | 406.00 | 348.00 | 283.00 | 286.00 |
| Total Assets | 1,205.00 | 1,104.00 | 754.00 | 596.00 | 485.00 | 425.00 | 355.00 | 360.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -22.00 | -3.00 | 1.00 | 2.00 | 5.00 | -26.00 | 64.00 | 34.00 |
| Cash from Investing Activity | 2.00 | -241.00 | -40.00 | -33.00 | 2.00 | -2.00 | -6.00 | -21.00 |
| Cash from Financing Activity | 25.00 | 247.00 | 40.00 | 30.00 | -8.00 | 26.00 | -51.00 | -8.00 |
| Net Cash Flow | 4.00 | 3.00 | 1.00 | -1.00 | -1.00 | -3.00 | 8.00 | 5.00 |
| Free Cash Flow | -102.00 | -90.00 | -35.00 | -37.00 | -5.00 | -38.00 | 56.00 | 11.00 |
| CFO/OP % | 17.00 | 21.00 | 15.00 | 28.00 | 30.00 | -15.00 | 101.00 | 85.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 139.00 | 131.00 | 114.00 | 87.00 | 77.00 | 83.00 | 65.00 | 71.00 |
| Inventory Days | — | — | — | — | 0.00 | — | — | — |
| Cash Conversion Cycle | 139.00 | 131.00 | 114.00 | 87.00 | 77.00 | 83.00 | 65.00 | 71.00 |
| Working Capital Days | 94.00 | 96.00 | 58.00 | 46.00 | 38.00 | 39.00 | 22.00 | 14.00 |
| ROCE % | 7.00 | 13.00 | 22.00 | 24.00 | 26.00 | 25.00 | 26.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update26 Sep 2025 from crisil
-
Rating update25 Apr 2025 from care
-
Rating update18 Mar 2025 from care
-
Rating update4 Jul 2024 from crisil
-
Rating update26 Apr 2024 from crisil
-
Rating update22 Jan 2024 from care