The shares of this leading logistics services provider surged over 8 percent on Friday, after the company announced that it had secured an order worth Rs 230 crore from Jindal Stainless.
With a market capitalisation of Rs 1,247 crores, the shares of Western Carriers (India) Ltd are currently trading at Rs 122 per share, down by 31 percent from its 52-week high of Rs 177 per share. In the last one month, the stock has delivered a return of 29 percent.
On Friday, Western Carriers announced through a stock exchange filing that it has received a new order worth Rs 230 crore from Jindal Stainless Ltd. Under this deal, the company will handle end-to-end rail transport of import and export (EXIM) containers from various ports to Jindal’s plant.
The work also includes customs clearance at the Jajpur plant, returning empty or export-loaded containers, and last-mile delivery of empty containers to the container yards or CFS locations decided by shipping lines. Other related logistics services are also part of this agreement. The contract has to be executed within 3 years.
A day ago, it had bagged a contract worth Rs 558 crore from Jindal Stainless itself for the dispatch of Slabs, Coils, and Sheet Plates in DSO Containers to multiple destinations across pan-India.
Financial Highlights
The company reported a revenue of Rs 1,726 crores in FY25, up by 2.37 percent from its FY24 revenue of Rs 1,686 crores. However, the company reported a net profit decline of 18.75 percent to Rs 65 crore in FY25 from Rs 80 crores in FY24.
The stock delivered an ROE and ROCE of 10.62 percent and 13.08 percent, respectively, and is currently trading at a P/E of 19.13x as compared to its industry average of 27.49x.
Western Carriers (India) Limited is a logistics company in India that provides a full spectrum of transport and storage solutions. These solutions include the movement of goods by rail, road, sea, and air, including the chartering of shipments to international points of destination.
The company also provides stevedoring services (which includes both loading and unloading of ships) at Indian ports, and provides assistance with coastal ships within India. It also provides a full suite of end-to-end logistics solutions, cargo handling, and custom clearance services. The company also operates warehouses and distribution centers, where it manages and stores goods.
Written by Satyajeet Mukherjee
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