This Microcap stock which operates in the business of rail-focused, Multi-modal, 4PL asset-light logistics company was up 9.4 percent after the company received an order from Lhaki Steels & Rolling worth approx Rs. 23 crore.
Price Action
With a market capitalization of Rs. 1,225.30 Crores, the shares of Western Carriers (India) Limited were up by 9.4 percent in the day’s trade touching a day’s high of Rs. 122.50 per share. The stock reiterated from the day’s high and was trading at Rs. 120.18 which is 7.37 percent higher from the previous closing price of Rs. 111.93 apiece. The stock has delivered a negative return of 25 percent, underperforming the Nifty Index on a YTD basis.
What Happened
The company has received a work order worth approx Rs. 23 crore from Lhaki Steels & Rolling Private Limited. The order is related to rake movement and was received from an International entity situated in Bhutan. The time period for the execution is 1 year.
About the Company
Western Carriers (India) Limited was established in 2011. It is a leading private multi-modal logistics provider in India while focusing on rail-based transportation and 4PL services. They operate on an asset-light model, offering customizable logistics solutions across road, rail, water, and air transport. Serving diverse sectors like FMCG, pharmaceuticals, and metals, Western Carriers aims to optimize supply chains through integrated services. With operations spanning India and neighboring countries, it leverages government initiatives to improve efficiency and reduce logistics costs.
Financials & Ratios
Its Revenue from operations grew by 1.17 percent year on year from Rs. 426 Crores in Q2FY24 to Rs. 431 Crores in Q2FY25, accompanied by a profit of Rs. 18 Crores to a profit of Rs. 19 Crores.
In terms of Return ratios, the company has a return on capital employed (ROCE) of 21.59 percent and the return on equity (RoE) stood at 22.42 percent. The net profit margin stood at 4.77 percent and the debt-to-equity ratio stood at 0.68 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a
share of 71.89 percent in Western Carriers (India), Foreign Institutional Investors (FII) holding 5.46 percent, Domestic Institutional Investors (DII) holding 8.44 percent, and public holdings standing at 14.20 percent.
Written by Santhosh S
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