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Western Carriers India Ltd (WCIL) Fair Value & Analysis

Industrials · IN · Market cap ₹10.1B

WC Western Carriers India Ltd WCIL · NSE
Price₹87.99
Fair Value₹72.33
Upside-17.8%
Quality33/100
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Expensive Growth
Thin margins · 2.1% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 32/100
Evidence: High Range ₹57.82 – ₹94.03 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 4 days ago

Share price −7.1% over the past month.

Below-average quality, and screening another 18% overvalued on our models.

What matters now

  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from ₹57.82 (bear) to ₹94.03 (bull), base ₹72.33. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 33/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (23 months)

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

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

23‑month range ₹71.09 – ₹166.41 · fair‑value band ₹57.82 – ₹94.03 · the ₹87.99 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 Aug 13, 2026.

Full chart & analysis →

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Analysis

Western Carriers India Ltd (WCIL) currently trades at ₹87.99, while our model-based Fair Value estimate is ₹72.33, implying the stock looks roughly 17.8% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Western Carriers India Ltd generated revenue of ₹18.3B at a net margin of 2.1%. Revenue grew 15.7% year over year. It earns a return on equity of 4.6%. Net debt stands at ₹1.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹57.82 (bear case) to ₹94.03 (bull case); at ₹87.99, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 26% fair-value upside, at -18%, WCIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income ₹64.17 ₹64.08 ₹59.33 76
ROIC Compounder ₹43.05 ₹49.70 ₹55.52 72
Gordon GGM ₹8.86 ₹16.23 ₹26.06 70
All 15 models by family
Earnings-Based
Graham-Dodd ₹25.89 ₹63.66 ₹82.42 54
PEG = 1.0 ₹11.46 ₹16.37 ₹21.28 46
EPV ₹43.05 ₹49.70 ₹55.52 59
Dividend Discount
Gordon GGM ₹8.86 ₹16.23 ₹26.06 70
DDM Multi-Stage ₹8.86 ₹13.33 ₹18.21 61
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 53
EV/EBITDA ₹84.41 ₹111.49 ₹138.58 54
EV/Revenue ₹53.71 ₹75.39 ₹97.06 43
Asset-Based
NCAV (Graham) ₹42.52 ₹56.97 ₹85.03 50
Economic Profit
Residual Income ₹64.17 ₹64.08 ₹59.33 76
ROIC Compounder ₹43.05 ₹49.70 ₹55.52 72
Growth Earnings
Growth-Adj P/E ₹45.98 ₹65.69 ₹85.40 68

Widest divergence: Multiples (₹75.39) versus Dividend Discount (₹13.33). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹18.3B
Revenue growth (YoY) +15.7%
Net margin 2.1%
Return on equity 4.6%
Free cash flow −₹1.1B FY2026
P/E ratio 23.1
More key figures
Operating margin 2.7%
EPS (TTM) ₹3.81
EPS growth (YoY) -38.6%
Net debt ₹1.9B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 25

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 49
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 42
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹18.3B
Latest YoY
+6.0%
Avg. growth/yr (3Y) 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.
+3.9%
Revenue +5.6%/yr
FY22 ₹14.7B
FY23 ₹16.3B
FY24 ₹16.9B
FY25 ₹17.3B
FY26 ₹18.3B
Net income −10.7%/yr
FY22 ₹611M
FY23 ₹716M
FY24 ₹803M
FY25 ₹651M
FY26 ₹388M

WCIL screens 18% overvalued. Compare with United Parcel Service, Inc →

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

Peer Group

Integrated Freight & Logistics · 214 stocks

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.

Quality Score 33 · Bottom 25%
Fair Value upside −18% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 1.0% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 23.1× · Pricier than median
P/B 1.16× · Cheaper than median
P/S (TTM) 0.55× · Pricier than median
EV/EBITDA 11.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 10 · sector 41
FUTURE 79 · sector 8
PAST 18 · sector 26
HEALTH 100 · sector 94
DIVIDEND 20 · sector 63

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $103.91 $103.34 -1%
FedEx Corporation FDX $326.77 $347.68 +6%
Deutsche Post AG DHL €55.32 €53.18 -4%
DSV A/S DSV kr 1,380 kr 712.57 -48%
J.B. Hunt Transport Services, Inc JBHT $275.96 $133.80 -52%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
ZTO Express (Cayman) Inc 2057 HK$178.20 HK$224.41 +26%
Hyundai Glovis Co 086280 199,700 KRW 468,982 KRW +135%
YTO Express Group 600233 ¥18.48 ¥26.51 +43%
JD Logistics, Inc 2618 HK$14.17 HK$21.45 +51%

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Frequently asked questions

Is Western Carriers India Ltd (WCIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹72.33 versus a price of ₹87.99, about −18% (overvalued).
What is the fair value of WCIL?
Our model-based fair value for Western Carriers India Ltd is ₹72.33 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹87.99.
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 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 Aug 13, 2026).
What is the net profit margin of WCIL?
The net profit margin of Western Carriers India Ltd is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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