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East West Freight Carriers Ltd

EASTWEST
BSE
3.09
0.32%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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East West Freight Carriers Ltd

EASTWEST
BSE
3.09
0.32%
30 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
39Cr
Close
Close Price
3.09
Industry
Industry
Miscellaneous
PE
Price To Earnings
PS
Price To Sales
0.18
Revenue
Revenue
216Cr
Rev Gr TTM
Revenue Growth TTM
-26.57%
PAT Gr TTM
PAT Growth TTM
-151.96%
Peer Comparison
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
535543426893686559575546
Growth YoY
Revenue Growth YoY%
-13.7-25.3-27.1-33.927.469.057.155.8-13.4-39.0-19.1-30.4
Expenses
ExpensesCr
515240396589666358545547
Operating Profit
Operating ProfitCr
23334433130-1
OPM
OPM%
4.25.36.87.25.24.53.84.12.44.7-0.5-2.3
Other Income
Other IncomeCr
100080001000
Interest Expense
Interest ExpenseCr
223333222322
Depreciation
DepreciationCr
100010110000
PBT
PBTCr
0000810010-2-3
Tax
TaxCr
0000200000-1-1
PAT
PATCr
0000610000-2-2
Growth YoY
PAT Growth YoY%
-89.4-79.0164.3125.46,190.01,650.00.00.0-93.3-135.7-1,933.3-861.3
NPM
NPM%
0.20.10.20.79.20.80.10.50.7-0.4-3.0-5.2
EPS
EPS
0.00.00.00.00.50.10.00.10.00.0-0.1-0.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
3214237197161230250208285216
Growth
Revenue Growth%
6,252.910.6-16.9-17.942.48.8-16.636.9-24.2
Expenses
ExpensesCr
3204223188153218242196274213
Operating Profit
Operating ProfitCr
010149911812113
OPM
OPM%
-2.04.55.84.55.35.03.16.03.81.3
Other Income
Other IncomeCr
0111111911
Interest Expense
Interest ExpenseCr
05667781188
Depreciation
DepreciationCr
0111212222
PBT
PBTCr
048214-192-5
Tax
TaxCr
002111021-1
PAT
PATCr
045103-172-4
Growth
PAT Growth%
2,720.039.5-74.4-109.32,334.2-137.9727.2-77.4-352.9
NPM
NPM%
4.01.82.30.7-0.11.2-0.43.20.5-1.8
EPS
EPS
0.11.60.50.10.00.2-0.10.50.1-0.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
4181818182425262626
Reserves
ReservesCr
1444945444736404240
Current Liabilities
Current LiabilitiesCr
1505238413543395453
Non Current Liabilities
Non Current LiabilitiesCr
0292539454456343032
Total Liabilities
Total LiabilitiesCr
5140144139147152164140153152
Current Assets
Current AssetsCr
581837988949797109109
Non Current Assets
Non Current AssetsCr
0596260595867434443
Total Assets
Total AssetsCr
5140144139147152164140153152

Cash Flow

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
3-5-2-14-2413-4
Investing Cash Flow
Investing Cash FlowCr
0-9-5-3-2-7-21210
Financing Cash Flow
Financing Cash FlowCr
-323-12-21314-354
Net Cash Flow
Net Cash FlowCr
010-8-2-14-3-10
Free Cash Flow
Free Cash FlowCr
3-5-3-33-3-2239-8
CFO To PAT
CFO To PAT%
2,213.7-120.1-37.0-104.8-3,061.8-86.5-414.1197.3-277.8
CFO To EBITDA
CFO To EBITDA%
-4,463.8-47.6-14.5-16.145.1-21.556.4106.7-38.9

Ratios

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1114526089143104536567
Price To Earnings
Price To Earnings
82.138.048.565.10.036.10.010.152.3
Price To Sales
Price To Sales
3.10.71.10.50.90.50.20.30.2
Price To Book
Price To Book
2.62.43.91.40.41.50.91.01.0
EV To EBITDA
EV To EBITDA
-160.718.222.116.023.614.116.69.312.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
-2.04.55.84.55.35.03.16.03.8
NPM
NPM%
4.01.82.30.7-0.11.2-0.43.20.5
ROCE
ROCE%
4.58.811.37.16.07.74.815.77.6
ROE
ROE%
3.16.28.02.2-0.24.0-1.810.22.3
ROA
ROA%
2.82.73.71.0-0.11.9-0.74.81.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** East West Freight Carriers Limited (EWFCL), established in 1976, is a leading Indian freight forwarding and logistics company with over **49 years of industry experience** as of 2025. A wholly owned subsidiary of **East West Holdings Limited** (listed on the Bombay Stock Exchange since 1981), EWFCL operates as the core logistics arm of the group, delivering integrated, technology-driven global logistics solutions across air, ocean, and road transportation networks. EWFCL provides **end-to-end logistics services**, including air freight, full container load (FCL), less than container load (LCL), customs clearance, warehousing, and specialized handling of **project cargo**—particularly large, heavy, high-value, or complex equipment. The company also offers tailored solutions for perishable goods, dangerous goods, and time-sensitive shipments. --- ### **Core Services & Capabilities** - **Air & Ocean Freight Forwarding**: Export and import services via air and sea, with chartering capabilities. - **Road Transportation**: Pan-India and cross-border surface logistics. - **Project Cargo Handling**: Specialized movement of oversized, heavy-lift, and high-value industrial equipment. - **Value-Added Logistics**: LCL consolidation, bonded warehousing, supply chain management, and customs brokerage. - **Niche Expertise**: Perishable cargo (e.g., agricultural exports like mangoes), pharmaceuticals (via affiliate investments), and hazardous goods transportation. --- ### **Strategic Partnerships & Global Reach** EWFCL maintains **strategic alliances** with: - Major **global airlines** and **international shipping lines**. - Key logistics partners across **70+ countries**, enabling reliable capacity, competitive pricing, fixed allocations, and optimized transit times across major trade lanes. Recent international partnerships include: - **Columbia Transport S.R.L. (Italy)**: A service agreement expected to generate **INR 10–15 million** in revenue. - **Erhardt Projects and Logistics Middle East (UAE)**: A mutual representation agreement, making EWFCL the principal agent in India and Erhardt the representative in UAE and Saudi Arabia. - **A. Raymond (Global)**: A service contract to manage logistics for a multinational fasteners manufacturer with 29 production sites across 25 countries; projected to generate **INR 5 crore** in revenue. These collaborations underscore EWFCL’s growing reputation as a trusted logistics partner internationally. --- ### **Industry Recognition & Compliance** EWFCL is affiliated with major global and national logistics associations, reinforcing its compliance standards and operational credibility: - **IATA**, **FIATA**, **FFFAI**, **ACCAI**, **DACCAI**, **BCBA**, **FIEO** These memberships facilitate access to global best practices, training, and international regulatory frameworks. --- ### **Organizational Strength & Leadership** - **Mr. Shafi Mohammad**, Founder and Chairman & Executive Director of East West Holdings Ltd, has over **40 years of experience** in logistics. He pioneered early developments in perishable air cargo and led EWFCL’s expansion before becoming a promoter post-acquisition in 2018. - **Mr. Suresh Menon**, with 40+ years in logistics, built the international division from the ground up after a decade at DAMCO/Maersk. His leadership has been instrumental in scaling EWFCL’s global operations and pan-India branch network. --- ### **Expansion & Growth Strategy** As of 2025, EWFCL is actively pursuing diversification and scalability through: - **Entry into new verticals**: Turnkey projects, dangerous/hazardous goods transport, and specialized industrial logistics. - **Technological Advancements**: Investment in digitalization, automation, and backend integration to improve efficiency and customer experience. - **Strategic Acquisitions and Investments**: - **Acquisition of Marinetrans India Pvt. Ltd.** (announced 2020): Adds 15,000 TEUs of container capacity and projected **INR 1,200 million** in incremental revenue. - **Investment in Unique Airfreight Express & Logistics Pvt. Ltd.**: 37.5% stake acquired in July 2022; positioned to expand EWFCL’s footprint in the high-growth **pharmaceutical and healthcare logistics sector**. - **Group Reorganization**: Proposed amalgamation of subsidiaries like **Zip Express & Logistics Pvt. Ltd.** into East West Holdings Limited to streamline operations, enhance synergies, and improve financial flexibility. --- ### **Operational Infrastructure** - **Pan-India Presence**: Strategic branch offices across key logistics hubs in India, supporting time-bound deliveries and localized customer service. - **24/7 Global Operations Network**: Ensures real-time monitoring, coordination, and timely, cost-effective delivery worldwide. - **Headquarters**: Based in Mumbai, with international outreach across Asia, the Middle East, USA, Europe, Africa, and Australia. --- ### **Challenges & Risk Mitigation** Despite robust fundamentals, the company continues to navigate post-pandemic recovery and external disruptions such as: - Geopolitical tensions (Ukraine war, Red Sea crisis, Israel-Hamas conflict) - Supply chain volatility and port congestions In response, EWFCL has: - Strengthened risk monitoring mechanisms. - Invested in **automation and digital tools** to improve resilience. - Diversified trade routes and carrier partnerships to ensure continuity. While turnover and profitability have not yet fully returned to pre-pandemic levels, ongoing efficiency initiatives are expected to drive improved performance in the near term. --- ### **Parent Company Context** **East West Holdings Limited**, incorporated in 1981 and publicly listed on BSE, engages in: - **Logistics** (primarily via EWFCL) - **Marble trading** - **Property leasing** - **Investments** in equities, real estate, and bonds The company's logistics segment remains central to its growth strategy, with EWFCL serving as the engine of innovation and service excellence. --- ### **Recent Milestones (2024–2025)** - Secured key international contracts (A. Raymond, Columbia Transport, Erhardt Projects). - Advanced plans for subsidiary mergers to create a unified, agile organization. - Expanded technological infrastructure to support scalable, future-ready logistics solutions. - Strengthened niche capabilities in pharmaceutical, project cargo, and perishable logistics.