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Western Carriers India Ltd (WCIL) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Western Carriers India Ltd ₹72.33, price ₹93.01, upside -22.2%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · IN · ISIN INE0CJF01024

WC Thin data Oct 3, 2026

Western Carriers India Ltd

WCIL · NSE

Weak valuationQuality is weak on top of the rich price.

!Fair value ₹72.33 · Overvalued (−22.2%)
!Quality 33/100
!Expensive Growth (revenue 3y +3.9 %/yr)
!Thin margins · 2.1% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (5/12)
!Narrow moat 32/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 4 out of 100
!Weak on past: 18 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹166.41 ₹71.09 Fair Value ₹72.33 Sep 2024 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

24‑month range ₹71.09 – ₹166.41 · fair‑value band ₹50.63 – ₹94.03 · the ₹93.01 price screens above the ₹72.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

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.

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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 logistics, cargo and material handling, and custom house agency services, as well as project logistics services. Further, it operates warehouse/redistribution centers. Western Carriers (India) Limited was founded in 1972 and is based in Kolkata, India.

Stock analysis

Western Carriers India Ltd (WCIL) currently trades at ₹93.01, while our model-based Fair Value estimate is ₹72.33, 22.2% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹75.39 per share, and 2 of the 13 models we run sit above the ₹93.01 price.

Bear case: the Earnings-Based group reads lowest at ₹36.67, and 11 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹50.63 (bear) to ₹94.03 (bull), the price of ₹93.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 33/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Western Carriers India Ltd reported revenue of ₹18.3B in FY2026 versus ₹14.7B in FY2022, a compound +5.6%/yr. Reported net income was ₹388M in FY2026, compounding −10.7%/yr from FY2022.

Key figures

Market cap ₹9.5B (≈ $98.4M) · P/E ratio 24.4 · P/S ratio 0.52 · EPS (TTM) ₹3.81 · Net margin 2.1% · Return on equity 4.6% · Return on assets (EBIT) 13.4% · Operating margin 2.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (medium confidence).

What moves the price

The share trades about 32% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −22%, WCIL screens cheaper than that median.

Fair Value models

Bear ₹50.63 Fair Value ₹72.33 Bull ₹94.03
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.94 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV ₹33.08 ₹36.67 ₹39.58 74
ROIC Compounder ₹33.08 ₹36.67 ₹39.58 69
Residual Income ₹58.17 ₹55.95 ₹56.13 68
All 13 models by family
Earnings-Based
Graham-Dodd ₹25.89 ₹63.66 ₹82.42 62
PEG = 1.0 ₹11.46 ₹16.37 ₹21.28 55
EPV ₹33.08 ₹36.67 ₹39.58 74
Multiples
P/E Multiple ₹59.96 ₹79.95 ₹99.94 63
P/S Multiple ₹48.54 ₹64.72 ₹80.90 58
P/B Multiple ₹48.54 ₹64.72 ₹80.90 55
EV/EBIT ₹74.00 ₹97.61 ₹121.23 66
EV/EBITDA ₹84.41 ₹111.49 ₹138.58 67
EV/Revenue ₹53.71 ₹75.39 ₹97.06 54
Asset-Based
NCAV (Graham) ₹42.52 ₹56.97 ₹85.03 54
Economic Profit
Residual Income ₹58.17 ₹55.95 ₹56.13 68
ROIC Compounder ₹33.08 ₹36.67 ₹39.58 69
Growth Earnings
Growth-Adj P/E ₹45.98 ₹65.69 ₹85.40 65

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Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 33

Profitability 40
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 42
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.7%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 3%

WCIL screens overvalued: fair value 22% below the price. Compare with United Parcel Service, Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Integrated Freight & Logistics · 203 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 33 · Bottom 25%
Fair Value upside −22.2% · Below median
Profitability
Return on equity (TTM) 4.6% · Below median
Return on assets 3.1% · Above median
Net margin (TTM) 2.1% · Below median
Operating margin (TTM) 2.7% · Below median
Growth and dividend
Revenue growth 15.7% · Above median
Balance sheet
Debt / equity 0.01× · Lowest 25%

Valuation Multiplesvs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 24.4× · Pricier than median
P/B 1.09× · Cheaper than median
P/S (TTM) 0.52× · Cheaper than median
EV/EBITDA 10.8× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)4 · sector 49
FUTURE (revenue growth)79 · sector 46
PAST (return on equity)18 · sector 31
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 60

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $93.44 $107.34 +15%
Deutsche Post AG DHL €55.74 €137.08 +146%
FedEx Corporation FDX $289.65 $349.54 +21%
DSV A/S DSV kr 1,199 kr 711.95 −41%
Poste Italiane S.p.A PST €24.49 €14.24 −42%
Kuehne + Nagel International AG KNIN CHF 224.50 CHF 147.92 −34%
Expeditors International of Washington, Inc EXPD $188.58 $116.66 −38%
S.F. Holding 002352 ¥30.54 ¥109.70 +259%
J.B. Hunt Transport Services, Inc JBHT $226.07 $133.80 −41%
C.H. Robinson Worldwide, Inc CHRW $148.24 $87.31 −41%

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Cite: Fair Value Calculator (2026). "Western Carriers India Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WCIL

Frequently asked questions

Is Western Carriers India Ltd (WCIL) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹72.33 versus a price of ₹93.01, about −22% upside (overvalued).
What is the fair value of WCIL?
Our model-based fair value for Western Carriers India Ltd is ₹72.33 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹93.01.
What is the quality score of WCIL?
Western Carriers India Ltd has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Western Carriers India Ltd (WCIL)?
Our model-based price target is the fair value of ₹72.33 (as of Oct 3, 2026) from 13 valuation models. Cautious scenario ₹50.63, optimistic scenario ₹94.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Western Carriers India Ltd stock forecast for 2026?
Our models put fair value at ₹72.33, about −22% upside versus a price of ₹93.01 (overvalued). Cautious scenario ₹50.63, optimistic scenario ₹94.03. The calculation is refreshed regularly with new filings.
What is the revenue of Western Carriers India Ltd (WCIL)?
Western Carriers India Ltd reported trailing-twelve-month revenue of about ₹18.3B (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Western Carriers India Ltd (WCIL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Western Carriers India Ltd it is ₹72.33 per share (as of Oct 3, 2026), against a price of ₹93.01. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Western Carriers India Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, WCIL trades above its calculated fair value: price ₹93.01, fair value ₹72.33, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WCIL?
No. The price is what the market pays today (₹93.01); the fair value is what the company's own numbers justify (₹72.33). For Western Carriers India Ltd the two are ₹20.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Western Carriers India Ltd worth?
The market values Western Carriers India Ltd at about ₹9.5B (market capitalisation, as of Oct 3, 2026). Per share that is ₹93.01; our models calculate a fair value of ₹72.33 per share.
What do the bullish and bearish scenarios say about WCIL?
Our models span a range for Western Carriers India Ltd: cautious scenario ₹50.63, base ₹72.33, optimistic ₹94.03 per share (as of Oct 3, 2026, price ₹93.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WCIL?
Western Carriers India Ltd trades at a price-to-earnings ratio of 24.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹72.33 is built from several models across several years. Other multiples: P/B 1.1, P/S 0.5, EV/EBITDA 10.8.
How solid is the balance sheet of Western Carriers India Ltd (WCIL)?
Balance-sheet figures for Western Carriers India Ltd (as of Oct 3, 2026): return on equity 4.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is WCIL from its 52-week high?
Western Carriers India Ltd trades at ₹93.01, about 32% below its 52-week high of ₹136.24 and 19% above the low of ₹77.87 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹72.33 is for.
Which stocks are comparable to Western Carriers India Ltd?
From the same area (Industrials) we also value United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, DSV A/S, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Western Carriers India Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price ₹93.01, calculated fair value ₹72.33 (−22%), Quality Score 33/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WCIL calculated?
We run Western Carriers India Ltd through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹72.33, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Western Carriers India Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Western Carriers India Ltd (WCIL)?
The closing price on Oct 1, 2026 was ₹93.01. Our model-based fair value is ₹72.33, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Western Carriers India Ltd right now?
Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹50.63 to ₹94.03) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Western Carriers India Ltd

How large is the market capitalisation of Western Carriers India Ltd (WCIL)?
The market capitalisation of Western Carriers India Ltd is ₹9.5B (≈ $98.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Western Carriers India Ltd (WCIL)?
The price-to-sales ratio of Western Carriers India Ltd is 0.52 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Western Carriers India Ltd (WCIL)?
Earnings per share at Western Carriers India Ltd are ₹3.81 (price ÷ EPS = P/E 24.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Western Carriers India Ltd (WCIL)?
The net margin of Western Carriers India Ltd is 2.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Western Carriers India Ltd (WCIL)?
The return on equity (ROE) of Western Carriers India Ltd is 4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Western Carriers India Ltd (WCIL)?
On an EBIT basis the return on assets of Western Carriers India Ltd is 13.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Western Carriers India Ltd (WCIL)?
The operating margin of Western Carriers India Ltd is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Western Carriers India Ltd (WCIL)?
Revenue at Western Carriers India Ltd is growing +15.7% versus a year earlier (3y avg +3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Western Carriers India Ltd (WCIL)?
Earnings per share at Western Carriers India Ltd are growing −38.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Western Carriers India Ltd (WCIL) generate?
The free cash flow of Western Carriers India Ltd is −₹1.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Western Carriers India Ltd (WCIL) carry?
The net debt of Western Carriers India Ltd is ₹1.9B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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