| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 465 | 416 | +11.8% |
| EBITDA | 18.7 | 20.8 | −10.2% |
| EBITDA margin | 4.0% | 5.0% | −1.0 pts |
| Profit before tax | 11.9 | 14.7 | −19.2% |
| Net profit | 8.7 | 10.8 | −19.4% |
| EPS | ₹0.85 | ₹1.06 | −19.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 |
|---|
| 919 | — | — | |
| 9.2 | 9.2 | 4.8 | |
| 217 | 217 | 172 | |
| 1,127 | — | — | |
| 1,878 | 1,829 | 1,726 | |
| — | +6.0% | — | |
| 82.9 | 85.0 | 120 | |
| 4.4% | 4.7% | 7.0% | |
| 53.7 | 56.7 | 96.1 | |
| 36.7 | 38.8 | 65.1 | |
| 2.0% | 2.1% | 3.8% | |
| ₹3.60 | ₹3.81 | ₹6.39 | |
| — | −40.4% | — | |
| — | −21.8 | −2.7 | |
| — | −80.6 | −87.2 | |
| −102 | −102 | −89.9 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|
| Market Capitalization | — | — | 919.1 | |
| - Cash, Equiv & ST Investments | 4.8 | 9.2 | 9.2 | |
| + Total Debt | 172.0 | 217.2 | 217.2 | |
| Enterprise Value | — | — | 1,127.1 | |
| Revenue | 1,725.7 | 1,829.2 | 1,878.3 | |
| Growth %, YoY | — | +6.0 | — | |
| EBITDA | 119.9 | 85.0 | 82.9 | |
| Margin % | 6.95 | 4.65 | 4.41 | |
| EBIT | 96.1 | 56.7 | 53.7 | |
| Net Income | 65.1 | 38.8 | 36.7 | |
| Margin % | 3.77 | 2.12 | 1.96 | |
| EPS, Adj (current shares) | 6.39 | 3.81 | 3.60 | |
| Growth %, YoY | — | -40.4 | — | |
| Cash from Operations | -2.7 | -21.8 | — | |
| Capital Expenditures | -87.2 | -80.6 | — | |
| Free Cash Flow | -89.9 | -102.4 | -102.4 | |
Prices at the previous close · figures from the company's filings with NSE
Western Carriers (NSE: WCIL) had a market capitalisation of ₹919 crore at the previous close (₹90.15 a share), a PE ratio of 25.0 on the last four quarters' profit and a price-to-book ratio of 1.06. In FY26 its consolidated net profit was ₹38.8 crore on revenue of ₹1,829 crore; in Q1 FY27 (April–June 2026) it was ₹8.7 crore, down 19.4% year on year. Its debt-to-equity ratio was 0.25 on 31 March 2026. Promoters held 73.30% of the shares on 30 September 2026.
Western Carriers' PE ratio is 25.0 at the previous close (₹90.15 a share): a market capitalisation of ₹919 crore divided by consolidated net profit of ₹36.7 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹38.8 crore) it is 23.7.
Western Carriers' debt-to-equity ratio was 0.25 on 31 March 2026: borrowings of ₹217 crore against total equity of ₹867 crore. A year earlier, on 31 March 2025, it was 0.21.
Western Carriers' net worth — shareholders' equity in its consolidated balance sheet — was ₹867 crore on 31 March 2026, up 4.7% from ₹828 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹919 crore at the previous close.
Western Carriers' price-to-book (PB) ratio is 1.06 at the previous close: a market capitalisation of ₹919 crore divided by shareholders' equity (book value) of ₹867 crore on 31 March 2026. That is a book value of ₹85.03 per share against a share price of ₹90.15.
In FY26, Western Carriers' return on equity (ROE) was 4.6% and its return on capital employed (ROCE) was 6.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
Western Carriers' book value per share was ₹85.03 on 31 March 2026: shareholders' equity of ₹867 crore divided by the 10.2 crore shares in issue, up 4.7% from ₹81.22 a year earlier. The share price at the previous close was ₹90.15.
Western Carriers' market capitalisation was ₹919 crore at the previous close: 10.2 crore shares at ₹90.15 each.
No. Western Carriers had borrowings of ₹217 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.25. Its cash and current investments were ₹38.5 crore, so its net debt was ₹179 crore.
Western Carriers' basic earnings per share (EPS) were ₹3.81 in FY26, against ₹7.16 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹3.60.
Promoters held 73.30% of Western Carriers on 30 September 2026, up 0.27 percentage points from 73.03% the previous quarter and up 0.74 percentage points from 72.56% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Western Carriers generated ₹21.8 crore of cash from operations and spent ₹80.6 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹102 crore. In FY25 it was −₹89.9 crore.
In FY26 (April 2025–March 2026), Western Carriers' consolidated net profit was ₹38.8 crore, down 40.4% from ₹65.1 crore in FY25, on revenue from operations of ₹1,829 crore (up 6.0%).
On 30 September 2026, Western Carriers' shares were held by promoters 73.30%, foreign portfolio investors (FII/FPI) 0.03%, domestic institutions (DII) 4.50% (including mutual funds at 0.98%) and retail and other non-institutional investors 22.17%. Over the year, FII holding was down 0.58 percentage points from 0.61% and DII holding was down 1.29 percentage points from 5.79%.
Western Carriers' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹8.7 crore, down 19.4% from ₹10.8 crore in Q1 FY26; revenue from operations ₹465 crore, up 11.8% year on year.
On FY26 consolidated figures, against Ritco Logistics, Transindia Real Estate and Reliance Industrial Infrastructure: Western Carriers' operating margin of 3.1% is the third highest of the four (Ritco Logistics 4.6%, Transindia Real Estate 33.6%, Reliance Industrial Infrastructure −20.1%; peer average 6.0%); its return on equity of 4.6% is the second highest of the four (Ritco Logistics 10.5%, Transindia Real Estate 2.9%, Reliance Industrial Infrastructure 2.7%; peer average 5.4%).
Western Carriers has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26, Western Carriers earned net profit of ₹38.8 crore on revenue of ₹1,829 crore, against ₹36 crore on ₹1,499 crore for Ritco Logistics. Western Carriers' operating margin was 3.1% (Ritco Logistics 4.6%) and its return on equity 4.6% (Ritco Logistics 10.5%).
From Western Carriers' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.