Western Carriers (India) Ltd. (WCIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-126.3%

-₹24.02

vs ₹91.48 price

Levered DCF

-₹54.34

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	20.49×	10.74×	20.23×	22.71×	26.57×
P/B	0.92×	0.84×	0×	0×	0×
P/S	0.43×	0.41×	0.96×	1×	1.11×
EV / EBITDA	9.87×	6.6×	0×	0×	0×
Gross margin	6.8%	7.1%	8.9%	7.8%	7.6%
Operating margin	3.1%	5.6%	7.4%	6.5%	6.5%
Net margin	2.1%	3.8%	4.8%	4.4%	4.2%
Current ratio	2.6×	3.6×	0×	0×	0×
Debt / equity	0.26×	0.21×	0×	0×	0×
Interest coverage	3.07×	4.8×	6.04×	7.39×	7.22×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	4.5%	7.9%	0.0%	0.0%	0.0%
Return on invested capital	3.8%	7.1%	0.0%	0.0%	0.0%
Return on assets	3.2%	5.9%	0.0%	0.0%	0.0%
Free cash flow yield	-13.5%	-12.9%	0.0%	0.0%	0.0%
Earnings yield	4.9%	9.3%	4.9%	4.4%	3.8%
Enterprise value	₹9.8B	₹8.7B	₹0	₹0	₹0
Net debt / EBITDA	1.88×	1.3×	0×	0×	0×
Cash conversion cycle (days)	127	118	0	0	0