| ₹ 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 30 October 2026 close · figures from the company's filings with NSE
Western Carriers (NSE: WCIL) had a market capitalisation of ₹960 crore at the 30 October 2026 close (₹94.15 a share), a PE ratio of 26.1 on the last four quarters' profit and a price-to-book ratio of 1.11. 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 26.1 at the 30 October 2026 close (₹94.15 a share): a market capitalisation of ₹960 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 24.7.
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 ₹960 crore at the 30 October 2026 close.
Western Carriers' price-to-book (PB) ratio is 1.11 at the 30 October 2026 close: a market capitalisation of ₹960 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 ₹94.15.
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 30 October 2026 close was ₹94.15.
Western Carriers' market capitalisation was ₹960 crore at the 30 October 2026 close: 10.2 crore shares at ₹94.15 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%.
At the 30 October 2026 closing prices, on FY26 net profit, Western Carriers' PE ratio is 24.7, the second highest of the four: Ritco Logistics 21.1, Transindia Real Estate 15.8 and Reliance Industrial Infrastructure 81.7, a peer average of 39.5. Each is the company's market capitalisation at that price divided by its FY26 net profit.
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%). At the 30 October 2026 close, Western Carriers' market capitalisation was ₹960 crore against ₹759 crore for Ritco Logistics, and its PE ratio on FY26 profit 24.7 against 21.1.
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.
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.
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%).
From Western Carriers' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). 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.