IWARE

Iware Supplychain Services Limited

Listed company · ISIN INE1AII01014 · NSE ST · FV ₹10
Last price
₹388
0.00%today
What this company does

Iware Supplychain Services Limited is a listed company. It booked ₹164 cr of revenue in its latest half year (H2 FY26) and kept 5.3% of sales as profit.

49out of 100
Equitytale Health Score
Mixed

Healthier than 49% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,334–2,885 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet24

How much it owes, and whether earnings cover the interest

Cash quality14

Whether reported profit actually arrives as cash

Valuation31

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 69%
✓ No promoter shares pledged
✓ Strong 38% return on equity
Watch-outs
! Thin 5.3% net margin
! Carries high debt (D/E 1.6)

What if I invest in IWARE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹388▲ 0.00%
latest close · 2026-10-01
52-wk low ₹37652 sessions so far52-wk high ₹516
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.1Average
LowAverageHigh
P/B ratio9.24High
Below bookModerateHigh
EV / EBITDA16.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity38.4%Strong
WeakFairStrong ▸15%
Return on capital31.3%Strong
WeakFairStrong
Net margin5.3%Decent
ThinDecentStrong
EBITDA margin8.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.56High
LowModerateHigh ▸1
Interest cover4.8×Okay
RiskyOkayStrong ▸5×
Current ratio1.40Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹416 cr
Book value
₹42
EPS
₹8.06
latest half year
Net debt
₹59 cr
owes more than its cash
Enterprise value
₹475 cr
EBITDA
₹29 cr
annualised
EBIT
₹29 cr
annualised
Operating margin
8.7%
Return on assets
10.8%
Earnings yield
4.15%
P/S
1.27
Sales / share
₹306.5
Tax rate
23.8%
Face value
₹10
Shares
1.1 cr
Working capital
₹28 cr
Current assets
₹97 cr
Current liabilities
₹69 cr
Delivery %
88.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹124–₹124, midpoint ₹124

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹164 cr
Other Income₹66.4 L
Total Income₹165 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹9 cr
Finance Costs₹3 cr
Other Expenses₹138 cr
Total Expenses₹154 cr
Profit before Tax₹11 cr
Tax Expense₹3 cr
Net Profit₹9 cr
Net margin on total income5.2%
Where the money goes · H2 FY26
% of total income
Employee benefit expense₹9 cr5.3%
Finance costs₹3 cr1.8%
Other expenses₹142 cr86.0%
Tax expense₹3 cr1.6%
Profit for the period₹9 cr5.2%
Total income ₹165 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue93 cr164 cr
Total income93 cr165 cr
Expenses85 cr154 cr
Profit before tax9 cr11 cr
Tax2 cr3 cr
Net profit (owners' share)6 cr9 cr
Net margin (owners' share, on revenue)6.9%5.3%
EPS (₹)6.008.06
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹160 cr
Shareholder equity
₹45 cr
parent shareholders
Total debt
₹70 cr
Cash
₹11 cr
Corporate actions
Dividend yield
0.26%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹1 / share31 Jul 2026
Who owns it · 2026-06-06
No pledge
Promoter
69.0%
FII / Foreign
—
DII / Domestic
0.4%
Retail / others
30.5%
Promoter stake down 4.3% over the last 4 quarters.
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 69.0% between them · as of 2026-06-06
INTER INDIA ROADWAYS PRIVATE LIMITED68.27%
SURENDERKUMAR JAGDISHPRASAD TANWAR0.52%
VIKAS KRISHNAKUMAR TANWAR0.15%
TWINKLE TANWAR0.03%
ANKIT KRISHAN TANWAR0.01%
JAGDISH0.01%
KANTA KRISHNAKUMAR TANWAR0.01%
KRISHNAKUMAR JAGDISHPRASAD TANWAR0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹27 cr raised in May 2025 by selling shares to the public
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 87% of what it set aside, leaving ₹3 cr still to be spent.

“The Company was unable to fully utilize the amount allocated towards capital expenditure for construction of the new industrial shed by March 31, 2026, as the project could not be completed within the stipulated timeline. The delay was mainly due to unforeseen labour shortages and execution-related challenges faced during February and March 2026”the company’s own explanation, as filed
Setting up Industrial Shed at Chadava Bhachau, Kutch, Gujarat
75%
₹11 cr of ₹14 cr
Funding working capital requirements
100%
₹7 cr of ₹7 cr
General Corporate Purpose
100%
₹4 cr of ₹4 cr
Issue Expense
100%
₹2 cr of ₹2 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.