Iware Supplychain Services Limited witnessed a sharp rally on Tuesday as its stock hit the 5% upper circuit, trading at ₹177.05 per share compared to the previous close of ₹168.65. The company’s market capitalization now stands at ₹189.73 crore.
The surge came after the company reported exceptional performance for H1 FY26, with net profit soaring 427.05% YoY.
H1 FY26 Performance
Iware Supplychain delivered strong financial results for the half-year ended September 2025.
| Financial Metric | H1 FY25 | H1 FY26 | YoY Growth |
|---|---|---|---|
| Total Revenue | ₹29.68 crore | ₹93.44 crore | 214.82% |
| Net Profit | ₹1.22 crore | ₹6.43 crore | 427.05% |
| Basic EPS | ₹1.55 | ₹6.00 | 287.10% |
The significant rise in revenue and profit reflects the rapid expansion of the business. Over the past four years, the company has delivered a Revenue CAGR of 52.16% and a Net Profit CAGR of 102.21%.
Strong Return Ratios
Iware’s return metrics highlight its robust operational efficiency:
- ROCE: 34.7%
- ROE: 65.8%
- EPS: ₹10.2
- Debt-to-Equity Ratio: 0.96x (moderate leverage)
Business Model
Founded in 2018 and headquartered in Ahmedabad, Iware Supplychain Services Limited is an integrated logistics provider with pan-India operations.
Its key business segments include:
- Warehousing (3PL – Third-Party Logistics)
- Transportation (owned fleet)
- Rake Handling (rail cargo)
- Carrying & Forwarding Services
- Business Auxiliary Services
- Rental income through infrastructure leasing
The company serves clients across FMCG, automotive components, sanitaryware, and other industrial sectors. Its operational presence spans Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi.
Future Outlook
Iware’s focus on multimodal logistics solutions positions it strongly within India’s digital and infrastructure-led growth environment. With rising demand for warehousing, faster transport networks, and supply chain modernization, the company’s growth prospects appear solid.
Conclusion
Iware Supplychain Services Limited’s strong half-year results demonstrate its potential to scale from a micro-cap to a mid-cap player. Rapid profit growth, high ROE, and expanding pan-India operations make it one of the promising emerging companies in the logistics sector.
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