💰 Financial Performance

Revenue Growth by Segment

The company reported significant growth in FY 2024–25, though specific segment-wise percentage growth figures were not disclosed in the available documents.

Capital Expenditure

The company raised INR 27.13 Cr (2,713.20 Lakhs) through an IPO in FY 2024-25, with proceeds allocated for setting up an Industrial Shed at Chadvada, Bhachau, Kutch (Gujarat) and funding additional working capital.

Credit Rating & Borrowing

The company has not been sanctioned working capital limits in excess of INR 5 Cr from banks or financial institutions. Specific borrowing costs and credit ratings were not disclosed.

⚙️ Operational Drivers

Raw Materials

Fuel (diesel/petrol) is the primary operational cost driver for transportation services, though its specific percentage of total cost is not disclosed.

Import Sources

Sourced domestically within India, specifically supporting operations in Gujarat.

Capacity Expansion

The company is expanding its operational capacity by constructing an Industrial Shed at Chadvada, Bhachau, Kutch (Gujarat) using IPO proceeds of INR 27.13 Cr.

Raw Material Costs

Fuel price volatility is cited as a key risk; however, specific YoY cost change percentages were not disclosed.

Manufacturing Efficiency

As a service industry provider, the company focuses on operational capacity and productivity improvements through the new Kutch facility.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Growth will be achieved by utilizing INR 27.13 Cr in IPO proceeds to expand operational capacity via a new Industrial Shed in Kutch, Gujarat. This expansion is designed to improve productivity, support a stronger customer base, and drive long-term value creation through enhanced supply chain infrastructure.

Products & Services

Supply chain services, logistics, and warehousing solutions.

Brand Portfolio

IWARE.

New Products/Services

Expansion of warehousing and industrial shed capacity in the Kutch region.

Market Expansion

Targeting increased operational footprint in Gujarat through the Bhachau facility.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward organized players and technology-driven logistics; IWARE is positioning itself by investing in new infrastructure and monitoring technology disruptions.

Competitive Landscape

Faces significant competitive pressure from both organized and unorganized players in the logistics and supply chain sector.

Competitive Moat

The company's moat is built on its robust internal control systems and strategic infrastructure investments in high-growth industrial corridors like Kutch, Gujarat.

Macro Economic Sensitivity

Highly sensitive to macroeconomic volatility affecting trade and the movement of goods, which dictates the volume of supply chain transactions.

Geopolitical Risks

Macroeconomic volatility affecting trade is identified as a risk, which includes potential impacts from international trade barriers or global economic shifts.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to changes in the regulatory and compliance environment, including the Companies Act 2013 and SEBI (LODR) Regulations.

Legal Contingencies

INR 0. The company reported no pending litigations that would impact its financial position as of March 31, 2025.

⚠️ Risk Analysis

Key Uncertainties

Fuel price volatility and technology disruptions are the primary business risks with potential to impact operational margins.

Geographic Concentration Risk

Significant concentration of new capital projects in Kutch, Gujarat, making the company sensitive to regional economic conditions.

Technology Obsolescence Risk

Technology disruptions are identified as a key risk, and the company is utilizing audit trails in accounting software to ensure data integrity.

Credit & Counterparty Risk

The company reported no material advanced loans or investments to intermediaries that would pose a credit risk.