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15 Days Price Change

Western Carriers IPO

Closing In

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WEBSITE Inc. Year: 2011 Industry: Logistics Listed Page

Profile
Issue Size --
Profile
Price Range 163  to  172 per share
Profile
Min Investment ₹172
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Western Carriers (India) Limited is a prominent logistics and transportation company based in India, known for its comprehensive range of services. Established to meet the diverse needs of the shipping and logistics industry, the company offers solutions that include freight forwarding, warehousing, and supply chain management. Western Carriers prides itself on its extensive network and cutting-edge technology, which enables efficient and timely delivery of goods across domestic and international routes. Their commitment to customer satisfaction is evident in their tailored logistics solutions and reliable service. The company's team of experienced professionals ensures that every aspect of the logistics process is managed with precision and care. With a focus on innovation and operational excellence, Western Carriers (India) Limited continues to be a leader in the logistics sector, driving growth and efficiency in the transportation of goods. Read More

Basic Info

Face Value 5 per share

Price 163  to  172 per share

P/E (x) 23.9

Sales( Cr.) 1726

PAT( Cr.) 65

EPS 7.2

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Rajendra Sethia Kanishka Sethia

Pre Issue Share Holding 99.99%

Post Issue Share Holding --%

Listing Details:

Listing Price: 170

Listing Gain: -1.18%

Current Price: 96.7

Gain On Issue: 96.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 13, 2024
Closing Date Sep 19, 2024
Allotment Sep 20, 2024
Refund Sep 23, 2024
Delivery of Shares Sep 23, 2024
Listing Date Sep 24, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 87 14,964
Retail (Max) 13 1131 194,532
S-HNI (Min) 14 1218 209,496
S-HNI (Max) 66 5742 987,624
B-HNI (Min) 67 5829 1,002,588

Objective of the Issue

1. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company 2. Funding of capital expenditure requirements of our Company towards purchase of: a. commercial vehicles b. 40 feet specialised containers and 20 feet normal shipping containers c. reach stackers 3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 14327907 412787001 28.8x
NII 4298372 200648005 46.7x
Retail 10029535 269995082 26.9x
EMP 0 0 0x
Total 28655813 908102714 31.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Western Carriers Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1067 1110 1471 1633 1686 1726
Other Income 6 4 5 5 6 13
Total Income 1074 1114 1476 1638 1691 1739
Total Expenditure 994 1029 1367 1511 1540 1605
Operating Profit 80 85 109 127 152 134
Interest 14 13 14 16 22 22
Depreciation 14 12 12 15 21 24
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 52 60 83 96 108 88
Provision for Tax 16 16 22 25 28 23
Profit After Tax 36 45 61 72 80 65
Adjustments 0 -0 0 0 0 0
Profit After Adjustments 36 45 61 72 80 65
Adjusted Earnings Per Share 4.6 5.7 7.8 9.1 10.2 6.4

Western Carriers Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 152 196 257 318 398 828
Minority's Interest 0 0 0 0 0 0
Borrowings 21 35 21 37 25 19
Other Non-Current Liabilities 24 19 24 28 32 28
Total Current Liabilities 175 188 207 242 324 247
Total Liabilities 372 438 510 626 779 1123
Fixed Assets 73 73 71 91 105 154
Other Non-Current Assets 54 50 67 72 54 79
Total Current Assets 245 316 372 463 620 890
Total Assets 372 438 510 626 779 1123

Western Carriers Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 6 3 3 1 2
Cash Flow from Operating Activities 81 -26 5 2 1 -3
Cash Flow from Investing Activities -24 -2 -3 -36 -40 -241
Cash Flow from Financing Activities -54 26 -3 33 40 247
Net Cash Inflow / Outflow 3 -3 -1 -1 0 3
Closing Cash & Cash Equivalent 6 3 3 1 2 5

Western Carriers Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.56 5.66 7.77 9.09 10.21 6.39
CEPS(Rs) 6.28 7.13 9.24 11.03 12.91 8.72
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 19.29 24.96 32.7 40.46 50.62 81.22
Core EBITDA Margin(%) 6.87 7.3 7.09 7.47 8.67 6.99
EBIT Margin(%) 6.18 6.6 6.63 6.83 7.75 6.37
Pre Tax Margin(%) 4.88 5.41 5.67 5.88 6.43 5.09
PAT Margin (%) 3.36 4.01 4.16 4.38 4.77 3.77
Cash Profit Margin (%) 4.63 5.06 4.94 5.32 6.03 5.15
ROA(%) 9.64 10.99 12.89 12.6 11.44 6.85
ROE(%) 23.62 25.57 26.94 24.86 22.42 10.62
ROCE(%) 26.6 25.26 26.38 23.82 21.9 13.21
Receivable days 63.8 72.16 69.95 78.34 99.07 121.18
Inventory Days 0 0 0 0 0 0
Payable days 0 0 0 0 0 0
PER(x) 0 0 0 0 0 12.05
Price/Book(x) 0 0 0 0 0 0.95
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.12 0.15 0.12 0.14 0.17 0.44
EV/Core EBITDA(x) 1.59 1.93 1.62 1.81 1.83 5.73
Net Sales Growth(%) 0 4.01 32.5 11.03 3.23 2.37
EBIT Growth(%) 0 11.07 33.2 14.34 17.13 -15.86
PAT Growth(%) 0 24.18 37.28 17.07 12.27 -18.94
EPS Growth(%) 0 24.16 37.29 17.07 12.27 -37.43
Debt/Equity(x) 0.63 0.69 0.58 0.66 0.67 0.21
Current Ratio(x) 1.4 1.68 1.8 1.91 1.91 3.6
Quick Ratio(x) 1.4 1.7 1.8 1.91 1.91 3.6
Interest Cover(x) 4.76 5.54 6.86 7.2 5.86 4.97
Total Debt/Mcap(x) 0 0 0 0 0 0.22

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 5% 10% 0%
Operating Profit CAGR -12% 7% 11% 0%
PAT CAGR -19% 2% 13% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% NA% NA% NA%
ROE Average 11% 19% 22% 22%
ROCE Average 13% 20% 22% 23%

Company Contact Information

Western Carriers (India) Ltd.

2/6 Sarat Bose Road 2nd Floor

IPO Lead Manager(s)

Western Carriers (India) Ltd.

JM Financial Ltd.

Kotak Mahindra Capital Co Ltd

Registrar Info

Western Carriers (India) Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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