• Blog
  • Equity Research
    • Sector Rotation
    • Stock Wise Rotation
    • Case Study
    • Shareholding
    • Blockbuster Quarterly Result
  • Market Weekly
  • IPO Analysis
  • About
What's New!

Ather Energy Limited | IPO Analysis

28 April 2025

Laxmi Dental Limited | IPO Analysis

13 January 2025

Quadrant Future Tek Limited | IPO Analysis

7 January 2025
Facebook Instagram YouTube LinkedIn
Facebook Instagram YouTube LinkedIn
InwealfoneyInwealfoney
  • Blog
  • Equity Research
    • Sector Rotation
    • Stock Wise Rotation
    • Case Study
    • Shareholding
    • Blockbuster Quarterly Result
  • Market Weekly
  • IPO Analysis
  • About
InwealfoneyInwealfoney
Home»IPO Analysis»Western Carriers (India) Limited | IPO Analysis
IPO Analysis

Western Carriers (India) Limited | IPO Analysis

Vicky NagarBy Vicky Nagar16 September 2024Updated:16 September 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn WhatsApp

Company Background

Established in March 2011, Western Carriers (India) Limited operates as a multi-modal logistics service provider with a primary focus on rail transportation. The company follows an asset-light business model and positions itself as a fourth-party logistics (4PL) firm. Offering tailored logistics solutions, it spans across various transportation modes, including road, rail, water, and air. Its expertise lies in supply chain management, addressing growing import, export, and production needs for sectors like metals and resources, notably working with major conglomerates.

Key Industry Sectors

Western Carriers serves a wide array of industries such as:

  • Metals
  • FMCG (Fast Moving Consumer Goods)
  • Pharmaceuticals
  • Chemicals
  • Engineering
  • Oil & Gas
  • Retail

Major Clients

Western Carriers enjoys a prestigious client base featuring renowned names like Tata Steel, Hindalco, Jindal Stainless, JSW Steel, Vedanta, Hindustan Unilever, Coca-Cola India, and Cipla.

Logistics Solutions

The company offers a wide range of logistics services, which include:

  • Chartering and stevedoring operations
  • Coastal cargo movement
  • A unique mix of rail and road transportation, leveraging its asset-light model for efficiency.

Purpose of IPO

  • Reducing outstanding debt
  • Financing capital expenditure
  • Addressing general corporate requirements

Summary of Financial Information:

Period Ended 31-Mar-24 31-Mar-23 31-Mar-22
Assets 754.01 604.14 490.33
Revenue 1,691.41 1,637.84 1,475.79
Profit After Tax 80.35 71.57 61.13
Net Worth 398.36 318.61 257.58
Reserves and Surplus 359.01 279.08 157.12
Total Borrowing 266 210.47 150.4
Amount in Rs. Crore

Comparison with Listed Peers:

Company Name P/E P/B RoE (%)
Western Carriers (India) Ltd 17 2.2 22
Container Corporation Of India Ltd 46 4.84 11
Mahindra Logistics Ltd - 7.16 -
TCI Express Ltd 35 5.89 20

Key IPO Details

  • IPO Dates: September 13-18, 2024
  • Price Band: Rs.163 to Rs. 172 per share
  • Lot Size: 87 shares
  • Total Issue Size: Rs. 492.88 crores (Fresh Issue: Rs. 400 Cr.)
  • Listing Date: 23 Sep, 2024
  • Retail Quota: 35%
  • GMP: 32% (For informational purposes only)
Allotment Link

Note: For additional information & risk factors please refer to the Red Herring Prospectus

Join our WhatsApp Group for Trading/Investment ideas & Market Updates 👇

Click me

Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.

IPO Analysis IPO GMP IPO Summary IPO Updates Stock Market IPOs Upcoming IPOs Western Carriers (India) Limited
Share. Facebook Twitter LinkedIn WhatsApp
Previous ArticleBajaj Housing Finance Limited | IPO Analysis
Next Article Arkade Developers Limited | IPO Analysis
Vicky Nagar
  • Website

Vicky Nagar is an equity trader with 5+ years of experience in trading and investing. He has expertise in equity valuation, sectoral analysis, index analysis, and in identifying the market trends. He is a NISM Certified Research Analyst. Formerly a relationship manager at Kotak Mahindra Bank Limited in the Agri-Business Group, he also has teaching experience at KS School of Business Management, Gujarat University, and as an Academic Associate at IRMA (Institute of Rural Management Anand). He holds a BBA (Gold Medalist) and an MBA (Gold Medalist) in Marketing.

Related Posts

28 April 2025

Ather Energy Limited | IPO Analysis

28 April 2025By Vicky Nagar
Read More
13 January 2025

Laxmi Dental Limited | IPO Analysis

13 January 2025By Vicky Nagar
Read More
7 January 2025

Quadrant Future Tek Limited | IPO Analysis

7 January 2025By Vicky Nagar
Read More

Leave A Reply Cancel Reply

Top Posts
© 2025 Inwealfoney. All rights reserved..

Type above and press Enter to search. Press Esc to cancel.