Western Carriers (India) Ltd is a newly listed stock in NSE and BSE. It listed with almost 0% listing gain or premium and started falling rapidly. Many investors are facing huge losses, so they are probably looking for Western Carriers’ share price target for 2024, 2025, and 2026.
In the post, we will determine whether the company is good for investing, whether it is financially strong, what services it provides, and many other things that need to be analyzed.
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About Western Carriers (India) Ltd
Western Carriers (India) Ltd is a small-cap logistics sector company. It was founded in 1970. The company provides various types of customizable and integrated logistics services using various transport ways like water, rail, air, and road.
The company is present in 12 states where they have 16 warehouses (714,171.28 square feet) but 93% of the warehouse area is leased. Some of the major clients of the company are Cipla, CG Foods, Wagh Bakri, Balco, Vedanta, Hindalco, Signode, Sheela Group, and many more.
Western Carriers (India) Services-
- Rail Transport
- Road Transport
- Ocean and Air Freight
- Custom House Agency
- Single Window Logistics
- Cargo Handling Services
- Multimodal Transportation
- Warehouse/Redistribution Centres
Business Services-
- Air Freight
- Warehousing
- Water Freight
- Courier Services
- Project Logistics
- Project Logistics
- 3PL/4PL Services
- Road/Rail Transport
Each logistics services have its advantages, check their website for more information about this.
Western Carriers (India) Ltd’s Scrip Info
| NSE | WCIL |
| BSE | 544258 |
| ISIN | INE0CJF01024 |
| SECTOR | LOGISTICS |
Company Analysis
Below you’ll find Western Carriers (India) Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹24 |
| Jun 2024 | ₹19 |
| Sep 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹37 |
| Mar 2021 | ₹45 |
| Mar 2022 | ₹61 |
| Mar 2023 | ₹72 |
| Mar 2024 | ₹80 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,545Cr | ROE | 20.17% |
| P/E Ratio (TTM) | 19.23 | EPS (TTM) | 7.88 |
| P/B Ratio | 1.93 | Div. Yield | 0.00% |
| Industry PE | 40.74 | Book Value | 78.31 |
| Debt to Equity | 068 | Face Value | 5 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | 5.46% |
| DIIs | NA | NA | NA | NA | 8.52% |
| Public | NA | NA | NA | NA | 14.13% |
| Promoters | NA | NA | NA | NA | 71.89% |
| Other Holders | NA | NA | NA | NA | 0.00% |
Key Insights
- Zero promoter pledge.
- Debt on the company is Rs. 266 Crore.
- The company consistently makes a profit.
- The company has cash of Rs. 26.87 Crore.
- Low debt company, debt-to-equity is 0.68.
- The company generates cash from its business.
- ROE and RoCE have been declining over the years.
- The company can meet its working capital requirement.
- The annual profit of the company increased in the last 5 years.
- 3 years of compounded sales growth of the company is Rs. 15%.
- 3 years of compounded profit growth of the company is Rs. 22%.
Western Carriers Share Price Target
Western Carriers (India) Ltd IPO was announced to raise money from the public and investors to expand the company’s business, products, services, etc. The company’s IPO issue size was Rs. 492.88 crore with a price range of Rs. 163 to Rs. 172.
On 24 Sep 2024, the stock was listed at almost 0% premium which was a little disappointing as it is a good company. But the bad thing is it started falling badly and now trading at Rs. 149.94 which is more than 15% down from its 52-week high i.e. Rs. 177. Those who did not exit probably are facing a huge loss, hope Western Carriers’ share price target for 2024, 2025, and 2026 may help.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹165 | ₹170 |
| 2025 | ₹200 | ₹300 |
| 2026 | ₹300 | ₹400 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Western Carriers Share Price Target 2024
As of now, Western Carriers stock is down by more than 15% from its all-time high due to massive selling just after listing and its 52-week low is Rs. 140.89. The stock bounced back from its 52-week low and it can also give a good return soon but there is only a 50% chance.
If you are a short-term or swing trader and looking for an opportunity then there can be an opportunity in the next few trading days from now (10 Oct 2024). If the stock breaks resistance of Rs. 156.15, you can plan a trade with an SL of Rs. 140.
In case, the stock breaks its 52-week low again, most probably it will fall more in the upcoming few weeks. Until the support is not broken there is hope. If the stock goes in the positive direction, the Western Carriers’ share price target for 2024 can be near Rs. 165 to Rs. 170.
Western Carriers Share Price Target 2025 and 2026
For the long term like 2025 and 2026, the Western Carriers’ share price target is positive because of various reasons like massive growth in the logistics industry, financially strong company, generating cash from its operations, various types of services, top clients like Hindalco, Vedanta, and many more.
The Indian logistics industry is expected to grow at 11% CAGR and it may reach Rs. 30 trillion by FY2027. Also, the MSMEs (Micro, Small, and Medium Enterprises) sector contributes approx. 30% of India’s GDP. The manufacturing of products is also rising rapidly in the sector which is also a major reason behind the growth of the logistics sector/industry.
Bullish on the stock because of the low debt on the company, zero promoter pledge, annual profits are increasing from past 5 years, high expected growth in the logistic industry by 2027, and many more.
In summary, for the long term, it is good and Western Carriers’ share price target for 2025 and 2026 can reach nearly Rs. 300 to Rs. 400 if everything goes as expected by the experts.
FAQs
As of now, there is a short-term trade opportunity in the Western Carriers’ stock. The stock formed a pattern near its 52-week low and it looks like from the level the stock will bounce back to Rs. 165 to Rs. 175.
As it is a short-term trade, there is also a SL to reduce loss during high volatility in the stock. It is our view on the stock for now, not any buy or sell advice.
In my view, investing in the logistics industry is good for several reasons the Indian logistics industry is expected to grow at 11% CAGR and it may reach Rs. 30 trillion by FY2027, logistics industry is valued at approx Rs. 22 trillion in 2023. Also, the MSMEs (Micro, Small, and Medium Enterprises) sector contributes approx. 30% of India’s GDP.
In short, the major growth in the industry for the long term is pending which can benefit the Western Carriers to give good returns to the investors.
If we look at Western Carriers (India) Ltd company’s financials, services, business model, and most importantly expected logistic industry growth then it is a good stock for the long term.
In the next couple of years, the logistics industry is expected to grow by 11% CAGR and it can reach Rs. 30 trillion by FY27 from Rs. 22 trillion (FY22).
Final Words
Western Carriers (India) Ltd is a small-cap logistics sector company. The Wester Carriers’ share price target for 2024, 2025, and 2026 is huge because the logistic sector is likely to grow by 11% CAGR by FY2027 from Rs. 22 trillion (FY2023) to Rs. 33 trillion (FY2024).
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