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Western Carriers (India) (WCIL)₹95.51+3.15%Logistics Solution Provider
In the Jun 2026 quarter (consolidated), Western Carriers (India) reported sales of ₹465 Cr, up 11.9% from Jun 2025, and net profit of ₹8.73 Cr, down 19.5% year on year. For the year to Mar 2026, sales were ₹1,827 Cr and net profit ₹39.18 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| 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 | 456 | 401 | 423 | 431 | 443 | 429 | 415 | 440 | 478 | 495 | 465 |
| Expenses | 392 | 419 | 357 | 387 | 395 | 419 | 403 | 394 | 421 | 453 | 474 | 446 |
| Operating Profit | 33.64 | 37.45 | 43.94 | 35.56 | 36.26 | 23.47 | 25.01 | 20.85 | 18.87 | 23.98 | 21.47 | 18.72 |
| OPM % | 7.9% | 8.2% | 10.9% | 8.4% | 8.4% | 5.3% | 5.8% | 5.0% | 4.3% | 5.0% | 4.3% | 4.0% |
| Other Income | 1.14 | 1.87 | 1.52 | 1.39 | 1.89 | 5.13 | 4.87 | 4.19 | 4.37 | 2.77 | 3.27 | 3.52 |
| Interest | 4.75 | 6.20 | 6.73 | 6.06 | 6.71 | 4.49 | 4.20 | 4.52 | 4.51 | 4.13 | 5.24 | 3.68 |
| Depreciation | 5.04 | 5.61 | 5.84 | 5.25 | 5.79 | 6.20 | 6.64 | 5.76 | 6.52 | 7.91 | 8.21 | 6.65 |
| Profit before tax | 24.85 | 27.32 | 32.67 | 25.45 | 25.46 | 17.77 | 18.93 | 14.67 | 12.12 | 14.62 | 11.21 | 11.84 |
| Tax % | 26.6% | 25.7% | 26.2% | 26.1% | 25.8% | 26.0% | 25.9% | 26.7% | 26.6% | 26.2% | 26.6% | 26.9% |
| Net Profit | 18.37 | 20.48 | 24.29 | 18.96 | 19.02 | 13.26 | 14.14 | 10.84 | 8.99 | 10.88 | 8.30 | 8.73 |
| EPS (Rs) | 2.34 | 2.60 | 3.08 | 2.41 | 1.87 | 1.30 | 1.39 | 1.07 | 0.89 | 1.07 | 0.82 | 0.86 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,066 | 1,109 | 1,470 | 1,632 | 1,684 | 1,726 | 1,827 | 1,878 |
| Expenses | 993 | 1,028 | 1,365 | 1,510 | 1,538 | 1,603 | 1,742 | 1,793 |
| Operating Profit | 73.15 | 81.28 | 104 | 122 | 146 | 121 | 85.18 | 83.04 |
| OPM % | 7.0% | 7.0% | 7.0% | 7.0% | 9.0% | 7.0% | 4.7% | 4.4% |
| Other Income | 6.02 | 4.01 | 5.02 | 5.02 | 6.02 | 13.05 | 15.04 | 13.93 |
| Interest | 13.97 | 12.96 | 13.97 | 15.95 | 21.93 | 21.94 | 17.96 | 17.56 |
| Depreciation | 14.05 | 12.03 | 12.04 | 15.04 | 21.08 | 24.08 | 28.07 | 29.29 |
| Profit before tax | 51.90 | 59.83 | 82.84 | 95.81 | 108 | 87.81 | 52.83 | 49.79 |
| Tax % | 31.1% | 26.1% | 27.1% | 26.1% | 26.1% | 26.1% | 26.1% | — |
| Exceptional items | 0.00 | −0.02 | 0.02 | 0.00 | 0.10 | 0.00 | 0.00 | — |
| Net Profit | 36.12 | 45.19 | 61.27 | 72.28 | 80.28 | 65.27 | 39.18 | 36.90 |
| EPS (Rs) | 9.13 | 11.34 | 15.56 | 9.11 | 10.24 | 6.40 | 3.82 | 3.64 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 38.92 | 38.90 | 38.86 | 38.90 | 38.90 | 50.93 | 50.87 |
| Reserves | 112 | 156 | 217 | 278 | 357 | 774 | 812 |
| Borrowings | 102 | 141 | 150 | 215 | 269 | 176 | 226 |
| Other Liabilities | 104 | 87.57 | 82.60 | 69.66 | 85.59 | 99.52 | 112 |
| Total Liabilities | 358 | 424 | 488 | 602 | 751 | 1,100 | 1,200 |
| Fixed Assets | 72.76 | 72.76 | 73.68 | 90.70 | 105 | 154 | 205 |
| CWIP | 0.00 | 1.01 | 9.02 | 17.02 | 0.00 | 15.01 | 31.03 |
| Investments | 3.01 | 3.01 | 1.01 | 4.01 | 3.01 | 3.01 | 3.01 |
| Other Assets | 282 | 348 | 404 | 490 | 644 | 929 | 961 |
| Trade receivables | 186 | 251 | 310 | 389 | 523 | 619 | 693 |
| Cash & equivalents | 8.96 | 10.96 | 12.95 | 19.93 | 26.88 | 189 | 37.84 |
| Total Assets | 358 | 424 | 488 | 602 | 751 | 1,100 | 1,200 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 80.74 | −25.94 | 4.98 | 1.99 | 0.99 | −2.99 | −21.92 |
| Cash from investing activity | −24.03 | −2.01 | −3.01 | −36.06 | −40.05 | −241 | 2.01 |
| Cash from financing activity | −54.13 | 26.07 | −3.01 | 33.06 | 40.07 | 247 | 25.05 |
| Net cash flow | 3.01 | −3.01 | −1.01 | −1.01 | 0.00 | 3.01 | 4.01 |
| Capex | 9.97 | 10.97 | 15.96 | 41.90 | 35.92 | 86.80 | 80.82 |
| Free cash flow | 70.97 | −37.93 | −9.99 | −39.97 | −34.95 | −89.86 | −102 |
| CFO / OP % | 122.0% | −15.1% | 30.0% | 28.0% | 15.0% | 21.0% | 17.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 64 | 83 | 77 | 87 | 114 | 131 | 139 |
| Inventory days | — | — | 0 | — | — | — | — |
| Cash conversion cycle | 64 | 83 | 77 | 87 | 114 | 131 | 139 |
| Working capital days | 22 | 40 | 39 | 46 | 59 | 97 | 95 |
| ROCE % | — | 25.1% | 26.1% | 24.1% | 22.1% | 13.1% | 7.1% |
For the Jun 2026 quarter, Western Carriers (India) reported sales of ₹465 Cr, up 11.9% year on year and net profit of ₹8.73 Cr, down 19.5% year on year. The operating margin was 4.0%.
Western Carriers (India)'s sales for the year to Mar 2026 were ₹1,827 Cr; over the last twelve months they were ₹1,878 Cr.
Net profit for the year to Mar 2026 was ₹39.18 Cr, and ₹36.90 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.64.
Western Carriers (India) reported borrowings of ₹226 Cr at Mar 2026, against cash and equivalents of ₹37.84 Cr.
Cash from operations was −₹21.92 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹102 Cr.