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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1333 Cr.
Stock P/E
28
P/B
2.3
Current Price
₹8.9
Book Value
₹ 3.8
Face Value
2
52W High
₹38.4
52W Low
₹ 7.1
Dividend Yield
0%

Allcargo Logistics Overview

Business

Allcargo Logistics Ltd. is an integrated logistics solutions provider headquartered in India with a global footprint. Its core business revolves around offering comprehensive logistics services to facilitate international and domestic trade. The company primarily operates an asset-light NVOCC (Non-Vessel Operating Common Carrier) business, consolidating Less than Container Load (LCL) and Full Container Load (FCL) cargo for global movement. Additionally, it provides specialized Project Logistics for oversized and heavy cargo. Through its subsidiaries, Allcargo has expanded into Express Distribution (Gati) and Contract Logistics (Allcargo Logistics & Industrial Parks - ALIP), offering warehousing, transportation, and value-added services. The company makes money by charging for freight, warehousing, transportation, and integrated supply chain management services.

Revenue Mix

Allcargo Logistics Ltd. operates across several key segments, primarily:

International Supply Chain (ISC): This is the largest segment and includes its NVOCC operations (global LCL/FCL consolidation and freight forwarding) and is a significant revenue contributor.

Express Distribution: Through its subsidiary Gati Ltd., it offers pan-India express cargo services, including surface and air express, catering to B2B, B2C, and e-commerce segments.

Contract Logistics: Via its subsidiary Allcargo Logistics & Industrial Parks (ALIP), it provides end-to-end contract logistics solutions, including warehousing, primary and secondary transportation, and other value-added services for various industries.

Project Logistics & Equipment Rental: Focuses on handling heavy, over-dimensional, and critical cargo for large industrial and infrastructure projects, along with equipment rental services.

(Note: The company has undergone a restructuring where its Container Freight Stations (CFS), Inland Container Depots (ICD), and rail operations have been demerged into a separate listed entity, Allcargo Terminals Ltd.)

Industry

The Indian logistics industry is large, diverse, and undergoing significant transformation driven by infrastructure development, GST implementation, and the rise of e-commerce. It remains somewhat fragmented but is increasingly formalizing, benefiting organized players. Allcargo Logistics is positioned as one of India's leading integrated logistics players, particularly dominant in the NVOCC segment globally and a significant player in the domestic express and contract logistics space post-Gati and ALIP acquisitions. It competes with global logistics majors (e.g., DHL, Kuehne + Nagel), other large domestic players (e.g., Blue Dart, Delhivery, TCI), and numerous smaller, regional operators. Its strength lies in its global network and integrated service offering.

MOAT

Global Network & Scale: Allcargo boasts a vast global NVOCC network, particularly strong in LCL consolidation, which provides significant scale advantages and reach.

Integrated Solutions: The ability to offer a comprehensive suite of services (NVOCC, express, contract logistics, project logistics) across various modes reduces complexity and switching costs for customers seeking end-to-end solutions.

Established Brand & Relationships: A long-standing presence and brand recognition in international freight forwarding and a growing presence in domestic logistics foster trust and long-term customer relationships.

Asset-Light NVOCC Model: While some segments are asset-heavy (warehousing, equipment), its core NVOCC business is relatively asset-light, offering flexibility and potentially higher returns on capital.

Growth Drivers

Growth in Indian EXIM Trade: Increased international trade volumes, especially from India, will directly drive demand for its NVOCC and freight forwarding services.

Manufacturing & E-commerce Boom: The "Make in India" initiative, coupled with the rapid expansion of e-commerce, will fuel demand for domestic express distribution and contract logistics services.

Infrastructure Development: Ongoing government focus on improving roads, ports, and rail infrastructure will enhance logistics efficiency and connectivity, benefiting integrated players.

Formalization of Logistics Sector: Post-GST, the shift from unorganized to organized logistics players is expected to continue, favoring companies like Allcargo with established networks and compliance.

Supply Chain Diversification (China+1): Global companies diversifying supply chains away from China could lead to increased manufacturing and logistics activity in India.

Risks

Economic Slowdown: A downturn in global or Indian economic activity could reduce trade volumes and industrial output, negatively impacting all segments.

Geopolitical & Trade Policy Risks: Trade wars, protectionist policies, and geopolitical tensions can disrupt global supply chains and reduce freight volumes.

Fuel Price Volatility: Fluctuations in crude oil prices can significantly impact transportation costs, although often partially mitigated through fuel surcharges.

Intense Competition: The logistics sector is highly competitive, potentially leading to pricing pressure and margin erosion across its segments.

Integration Challenges: Successfully integrating and extracting synergies from acquisitions (like Gati) requires effective management and execution.

Regulatory Changes: Changes in customs policies, taxation, or logistics-related regulations could impact operations and costs.

Management & Ownership

Allcargo Logistics is promoted by the Shetty family, with Mr. Shashi Kiran Shetty as the Founder and Chairman. He has extensive experience in the logistics industry and has been instrumental in the company's growth and international expansion. The management team includes professionals across various business verticals. The ownership structure includes a significant promoter holding, institutional investors (both domestic and foreign), and public shareholding.

Outlook

Allcargo Logistics is well-positioned to capitalize on India's economic growth trajectory and the evolving logistics landscape. The bull case hinges on sustained growth in India's EXIM trade and domestic consumption, leading to increased demand for its integrated logistics services. The successful integration of subsidiaries like Gati and ALIP, coupled with digital transformation efforts, could further enhance efficiency and market share. Government thrust on infrastructure development and formalization of the logistics sector provides a tailwind.

However, the bear case considers the susceptibility of the logistics sector to global economic cycles and geopolitical events. Intense competition could put pressure on margins. Challenges in fully realizing synergies from acquisitions or adapting to rapid technological changes could also impact performance. Overall, Allcargo Logistics is a diversified player operating in a growth-oriented sector, but it faces inherent cyclicality and competitive pressures.

Allcargo Logistics Share Price

Live · BSE / NSE · Inception: 1993
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Allcargo Logistics Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 3212 3348 3763 483 519 513 3817 537 516 514
Other Income 12 17 13 6 1 19 9 13 3 11
Total Income 3224 3364 3775 489 520 532 3825 550 519 525
Total Expenditure 3100 3249 3631 434 457 470 3796 475 455 454
Operating Profit 124 115 145 55 63 62 29 75 64 71
Interest 38 31 36 18 18 18 35 15 16 15
Depreciation 104 106 104 56 46 48 109 63 51 52
Exceptional Income / Expenses 34 1 -0 0 24 3 6 -15 0 12
Profit Before Tax 15 -21 5 -19 23 -1 -109 -18 -3 16
Provision for Tax -14 -6 -1 -33 30 -26 -11 -15 -2 -4
Profit After Tax 28 -15 5 14 -7 25 -99 -3 -1 20
Adjustments -17 9 -0 3 1 0 -1 -1 1 0
Profit After Adjustments 11 -6 5 17 -6 25 -100 -4 0 20
Adjusted Earnings Per Share 0.1 -0.1 0.1 0.2 -0 0.2 -1 -0 0 0.1

Allcargo Logistics Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 5629 5641 5583 6049 6895 7346 10498 19062 18051 12969 16022 5384
Other Income 53 28 45 39 45 41 55 30 65 98 119 36
Total Income 5681 5669 5629 6088 6940 7388 10553 19092 18115 13067 16141 5419
Total Expenditure 5147 5131 5113 5667 6451 6837 9857 17785 16911 12514 15543 5180
Operating Profit 535 537 515 422 489 551 697 1308 1204 553 598 239
Interest 60 46 37 35 36 75 143 96 86 140 161 81
Depreciation 157 201 166 159 156 232 306 238 278 400 429 275
Exceptional Income / Expenses 0 0 0 -7 0 55 -105 26 37 156 6 3
Profit Before Tax 317 297 315 225 302 305 159 1081 895 162 27 -114
Provision for Tax 70 50 78 51 54 71 64 257 242 24 -21 -32
Profit After Tax 247 248 238 174 248 234 95 824 653 138 48 -83
Adjustments -7 -8 -6 -3 -6 -11 78 -39 -24 12 -12 -1
Profit After Adjustments 240 240 232 171 242 223 173 785 630 150 36 -84
Adjusted Earnings Per Share 2.4 2.4 2.4 1.7 2.5 2.3 1.8 8 6.4 1.5 0.4 -0.9

Allcargo Logistics Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1908 1736 1792 1964 1999 2146 2284 3162 2814 2522 2423
Minority's Interest 22 22 21 17 21 27 331 384 300 98 218
Borrowings 358 238 339 270 378 797 717 980 320 339 38
Other Non-Current Liabilities 135 -79 -65 -85 -72 70 262 417 454 662 552
Total Current Liabilities 1024 1066 1094 1145 1481 2153 3674 4590 3343 3484 4100
Total Liabilities 3447 2983 3180 3312 3806 5192 7268 9591 7230 7104 7331
Fixed Assets 2062 1579 1493 1515 1552 1592 2303 2489 2132 2834 2716
Other Non-Current Assets 351 266 454 386 581 1313 1449 1822 661 497 530
Total Current Assets 1034 1138 1233 1411 1673 2287 3348 5034 4340 3760 4056
Total Assets 3447 2983 3180 3312 3806 5192 7268 9591 7230 7104 7331

Allcargo Logistics Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 160 128 177 167 234 190 249 307 575 919 411
Cash Flow from Operating Activities 416 440 359 308 324 319 330 850 1583 -146 261
Cash Flow from Investing Activities 10 -202 -267 -48 -289 -886 2 -591 -381 -324 82
Cash Flow from Financing Activities -394 -200 -84 -222 -75 738 -316 -19 -857 -46 -187
Net Cash Inflow / Outflow 32 38 7 38 -39 172 15 240 346 -516 156
Closing Cash & Cash Equivalent 166 177 167 234 190 249 307 575 919 411 577

Allcargo Logistics Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.38 2.38 2.36 1.74 2.46 2.27 1.76 7.99 6.41 1.52 0.36
CEPS(Rs) 4.01 4.44 4.11 3.39 4.11 4.74 4.08 10.8 9.48 5.47 4.85
DPS(Rs) 0.25 0.5 0.5 0.5 0.88 0.75 0.5 0.75 0.81 1 1.1
Book NAV/Share(Rs) 18.92 17.22 18.24 19.99 20.34 21.83 23.24 32.17 28.47 25.45 24.44
Core EBITDA Margin(%) 8.56 9.03 8.42 6.32 6.44 6.94 6.11 6.7 6.31 3.5 2.99
EBIT Margin(%) 6.7 6.09 6.32 4.31 4.9 5.17 2.88 6.18 5.43 2.33 1.17
Pre Tax Margin(%) 5.63 5.27 5.65 3.72 4.38 4.16 1.52 5.67 4.96 1.25 0.17
PAT Margin (%) 4.39 4.39 4.26 2.88 3.59 3.19 0.91 4.32 3.62 1.06 0.3
Cash Profit Margin (%) 7.19 7.95 7.24 5.51 5.86 6.34 3.82 5.57 5.16 4.15 2.97
ROA(%) 6.84 7.7 7.72 5.36 6.96 5.21 1.53 9.78 7.77 1.92 0.66
ROE(%) 13.36 13.59 13.48 9.26 12.51 11.31 4.29 30.27 21.92 5.19 1.94
ROCE(%) 14.22 14.4 15.23 10.81 13.43 12.38 7.98 26.03 23 8.61 5.31
Receivable days 39.53 42.85 46.71 47.99 47.14 51.98 57.82 50.28 51.71 60.03 52.01
Inventory Days 0.75 0.74 0.7 0.59 0.49 0.41 0.3 0.15 0.08 0.06 0
Payable days 0 0 0 0 0 0 1686.69 2711.92 2456.17 0 0
PER(x) 16.58 16.1 17.89 21.19 11.63 6.46 17.56 11.2 13.87 47.02 78.93
Price/Book(x) 2.08 2.22 2.31 1.85 1.41 0.67 1.33 2.78 3.12 2.81 1.17
Dividend Yield(%) 0.63 1.31 1.19 1.35 3.06 5.12 1.62 0.84 0.91 1.4 3.85
EV/Net Sales(x) 0.78 0.74 0.81 0.64 0.46 0.34 0.42 0.52 0.45 0.57 0.21
EV/Core EBITDA(x) 8.26 7.78 8.83 9.15 6.49 4.59 6.33 7.64 6.75 13.48 5.5
Net Sales Growth(%) 15.83 0.21 -1.01 8.34 13.98 6.55 42.9 81.58 -5.31 -28.15 23.54
EBIT Growth(%) 46.82 -8.97 2.73 -26.15 29.77 12.42 -20.47 289.4 -16.68 -69.26 -37.7
PAT Growth(%) 60.05 0.16 -3.95 -26.84 42.47 -5.45 -59.41 766.42 -20.73 -78.94 -65.4
EPS Growth(%) 60.64 -0.01 -0.84 -26.09 41.2 -7.84 -22.46 354.11 -19.82 -76.22 -76.22
Debt/Equity(x) 0.32 0.3 0.33 0.24 0.3 0.65 0.77 0.58 0.25 0.39 0.49
Current Ratio(x) 1.01 1.07 1.13 1.23 1.13 1.06 0.91 1.1 1.3 1.08 0.99
Quick Ratio(x) 1 1.06 1.12 1.22 1.12 1.06 0.91 1.1 1.3 1.08 0.99
Interest Cover(x) 6.27 7.46 9.44 7.37 9.38 5.09 2.11 12.24 11.46 2.16 1.17
Total Debt/Mcap(x) 0.15 0.13 0.14 0.13 0.21 0.97 0.58 0.21 0.08 0.14 0.42

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +24% -6% +17% +11%
Operating Profit CAGR +8% -23% +2% +1%
PAT CAGR -65% -61% -27% -15%
Share Price CAGR -75% -50% -24% -15%
ROE Average +2% +10% +13% +12%
ROCE Average +5% +12% +14% +14%

Allcargo Logistics Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 40.28 %
FII 7.27 %
DII (MF + Insurance) 2.3 %
Public (retail) 59.72 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 69.9269.9263.6663.3763.2863.2863.2863.2840.4940.28
FII 10.9510.7810.7610.9910.8911.178.848.848.27.27
DII 2.92.842.842.752.252.242.252.253.162.3
Public 30.0830.0836.3436.6336.7236.7236.7236.7259.5159.72
Others 0000000000
Total 100100100100100100100100100100

Allcargo Logistics Peer Comparison

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Allcargo Logistics Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Allcargo Logistics Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.28%.
  • Company has a low return on equity of 10% over the last 3 years.
  • The company has delivered a poor profit growth of -27% over past five years.
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