Smallcap stock engaged in offering comprehensive end-to-end logistics services, ensuring seamless movement of goods across multiple modes of transport jumped upto 14 percent in the day’s trade upon receiving new work order worth Rs. 139 Crores from Vedanta Limited.
Price Action
With a market capitalization of Rs. 1,265 Crores, the shares of Western Carriers (India) Limited were trading at Rs. 124 per equity share, up 8 percent from its previous day’s close price of Rs. 115.40.
What Happened
Western Carriers India Ltd (WCIL), one of the leading 3PL and 4PL logistic companies in India has received a new work order from Vedanta Limited for the handling of Import, Finished Goods Domestic and Export material handling contract at Jharsuguda Plant (JSG) for four years for a consideration of Rs. 139 Crores.
Management Message
Commenting on this development, Mr. Kanishka Sethia, CEO, WCIL said, “This order not only strengthens our relationship with our marquee client Vedanta but also opens avenues for future projects within the mining and mineral sector.
This new order represents a significant milestone in our ongoing partnership. It is a testament to our consistent delivery of high-quality solutions and our ability to meet the evolving needs of our clients”
About the Company
Western Carriers India Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company. It offers comprehensive end-to-end logistics services, ensuring seamless movement of goods across multiple modes of transport, including road, rail, and sea/river. Its expertise spans both domestic and EXIM cargo, facilitating efficient logistics within national borders and beyond.
Financials and Ratios
Its Revenue from operations grew by 1.48 percent from Rs. 426.98 Crores in Q2FY24 to Rs. 433.31 Crores in Q2FY25, accompanied by profits of Rs. 18.3 Crores to Rs. 18.96 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 9.86 percent, and a return on capital employed (ROCE) of 12.16 percent. It has reported a debt-to-equity ratio of 0.35.
Written by: Bharath K.S
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