Western Carriers (India) Limited (IN:WCIL)
:WCIL
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Western Carriers (India) Limited
(WCIL)
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Rating:47Neutral
Price Target:
₹96.00
▼(-23.32% Downside)
Action:N/A
Date:05/22/26
The score is held back primarily by weak cash generation (negative operating and free cash flow across FY2025–FY2026) and FY2026 margin/profitability deterioration despite revenue growth. Technicals also lean bearish with price below key moving averages and negative MACD, while valuation (P/E ~28) does not look compelling given the earnings and cash-flow pressure.
Positive Factors
Accelerating revenue momentum
Sustained top-line acceleration into FY2026 indicates stronger market demand and sales traction for WCIL's services. Over a 2–6 month horizon this provides a firmer base for operational leverage, enabling potential margin recovery if management controls costs and converts higher volumes into improved earnings.
Negative Factors
Negative operating and free cash flow
Persistent negative OCF and deeply negative FCF undermine self-funded growth and force reliance on external financing. Over months this raises risk to liquidity, limits capex or fleet investment, and increases vulnerability if credit access tightens or borrowing costs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue momentum
Sustained top-line acceleration into FY2026 indicates stronger market demand and sales traction for WCIL's services. Over a 2–6 month horizon this provides a firmer base for operational leverage, enabling potential margin recovery if management controls costs and converts higher volumes into improved earnings.
Read all positive factors
Western Carriers (India) Limited (WCIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.90B
Dividend YieldN/A
Average Volume (3M)10.95K
Price to Earnings (P/E)24.1
Beta (1Y)2.10
Revenue Growth6.00%
EPS Growth-43.02%
CountryIN
Employees1,477
SectorServices
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)2.22
Shares Outstanding101,955,215
10 Day Avg. Volume6,823
30 Day Avg. Volume10,947
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 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 desti...
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 | 384.94M | 849.74M | 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹837.81M | 5.99 | ― | 2.13% | 4.25% | 18.41% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | ₹2.42B | -10.73 | ― | ― | -48.97% | -177.40% | |
47 Neutral | ₹9.90B | 24.09 | ― | ― | 6.00% | -43.02% | |
45 Neutral | ₹1.55B | 13.10 | ― | ― | -9.79% | -24.54% |
* Services Sector Average
IN:WCIL
Western Carriers (India) Limited
97.25
4.11
4.41%
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Western Carriers (India) Limited Corporate Events
Western Carriers Promoters Confirm No Share Encumbrance for FY26
May 4, 2026
Promoter Kanishka Sethia has informed the stock exchanges and the company’s audit committee that, for the financial year ended March 31, 2026, neither he nor any other member of the promoter and promoter group created any encumbrance on thei...
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.