Western Carriers India Ltd (WCIL) - Net Assets
Based on the latest financial reports, Western Carriers India Ltd (WCIL) has net assets worth Rs8.67 Billion INR (≈ $93.76 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs12.05 Billion ≈ $130.36 Million USD) and total liabilities (Rs3.38 Billion ≈ $36.60 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Western Carriers India Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs8.67 Billion |
| % of Total Assets | 71.92% |
| Annual Growth Rate | 35.45% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.82 |
Western Carriers India Ltd - Net Assets Trend (2022–2026)
This chart illustrates how Western Carriers India Ltd's net assets have evolved over time, based on quarterly financial data. See WCIL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Western Carriers India Ltd (2022–2026)
The table below shows the annual net assets of Western Carriers India Ltd from 2022 to 2026. For live valuation and market cap data, see market cap of Western Carriers India Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs8.67 Billion ≈ $93.76 Million |
+4.70% |
| 2025-03-31 | Rs8.28 Billion ≈ $89.55 Million |
+107.87% |
| 2024-03-31 | Rs3.98 Billion ≈ $43.08 Million |
+25.03% |
| 2023-03-31 | Rs3.19 Billion ≈ $34.46 Million |
+23.69% |
| 2022-03-31 | Rs2.58 Billion ≈ $27.86 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Western Carriers India Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs509.78 Million | 5.88% |
| Other Components | Rs8.16 Billion | 94.12% |
| Total Equity | Rs8.67 Billion | 100.00% |
Western Carriers India Ltd Competitors by Market Cap
The table below lists competitors of Western Carriers India Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scottie Resources Corp
V:SCOT
|
$115.40 Million |
|
C-Media Electronics
TWO:6237
|
$115.43 Million |
|
Bajaj Healthcare Limited
NSE:BAJAJHCARE
|
$115.44 Million |
|
Distribuidora de Gas Cuyana SA
BA:DGCU2
|
$115.46 Million |
|
Kapston Services Limited
NSE:KAPSTON
|
$115.34 Million |
|
Cj Corp Pref
KO:001045
|
$115.28 Million |
|
Innate Pharma
PA:IPH
|
$115.22 Million |
|
RheinLand Holding AG
DU:RLV
|
$115.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Carriers India Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 8,280,790,000 to 8,669,690,000, a change of 388,900,000 (4.7%).
- Net income of 388,170,000 contributed positively to equity growth.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs388.17 Million | +4.48% |
| Other Changes | Rs730.00K | +0.01% |
| Total Change | Rs- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Western Carriers India Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.14x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | Rs25.24 | Rs104.61 | x |
| 2023-03-31 | Rs31.23 | Rs104.61 | x |
| 2024-03-31 | Rs39.07 | Rs104.61 | x |
| 2025-03-31 | Rs91.00 | Rs104.61 | x |
| 2026-03-31 | Rs85.10 | Rs104.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Carriers India Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.12%
- • Asset Turnover: 1.52x
- • Equity Multiplier: 1.39x
- Recent ROE (4.48%) is below the historical average (15.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 23.75% | 4.16% | 3.00x | 1.91x | Rs353.91 Million |
| 2023 | 22.48% | 4.38% | 2.70x | 1.90x | Rs397.25 Million |
| 2024 | 20.17% | 4.77% | 2.24x | 1.89x | Rs405.11 Million |
| 2025 | 7.87% | 3.77% | 1.56x | 1.33x | Rs-176.78 Million |
| 2026 | 4.48% | 2.12% | 1.52x | 1.39x | Rs-478.80 Million |
Industry Comparison
This section compares Western Carriers India Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $14,012,710,020
- Average return on equity (ROE) among peers: 4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Carriers India Ltd (WCIL) | Rs8.67 Billion | 23.75% | 0.39x | $115.34 Million |
| Accuracy Shipping Limited (ACCURACY) | $1.21 Billion | 3.85% | 1.61x | $9.05 Million |
| Allcargo Terminals Ltd (ATL) | $-62.07K | 0.00% | 0.00x | $66.92 Million |
| Blue Dart Express Limited (BLUEDART) | $4.53 Billion | 13.47% | 0.28x | $1.25 Billion |
| Delhivery Limited (DELHIVERY) | $94.32 Billion | 1.72% | 0.28x | $3.72 Billion |
| Future Supply Chain Solutions Limited (FSC) | $5.58 Billion | -33.04% | 2.20x | $1.31 Million |
| Gateway Distriparks Limited (GATEWAY) | $12.58 Billion | 10.80% | 0.36x | $325.67 Million |
| Jet Freight Logistics Limited (JETFREIGHT) | $135.84 Million | 28.62% | 3.28x | $11.26 Million |
| Maheshwari Logistics Limited (MAHESHWARI) | $1.81 Billion | 7.59% | 2.02x | $23.13 Million |
| Mahindra Logistics Limited (MAHLOG) | $11.99 Billion | 0.19% | 1.59x | $380.45 Million |
| Navkar Corporation Limited (NAVKARCORP) | $7.97 Billion | 8.59% | 0.70x | $169.68 Million |
About Western Carriers India Ltd
Western Carriers (India) Limited provides single and multi-modal transportation, warehousing, and other services in India. The company offers railway, road, ocean/river/coastal, and air logistics services; and chartering services to overseas destinations. It also offers stevedoring services at Indian ports and coastal movement within India. In addition, the company provides single window logistic… Read more