Logistics · Founded 2004 · www.cargosol.com · BSE 543621 · · ISIN INE0KZM01011
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Business
Cargosol Logistics Ltd. is involved in the logistics sector in India. The company's core business model typically revolves around providing end-to-end supply chain solutions. This generally includes services such as freight forwarding (air, sea, road), customs clearance, warehousing, transportation (full truck load, less than truck load), and potentially other value-added logistics services. The company makes money by charging fees for these services, managing freight costs, and deriving margins from efficient operations and network utilization.
Revenue Mix
Specific revenue mix details are not publicly available without access to financial reports. However, for a logistics company like Cargosol, typical segments could include:
Freight Forwarding: Managing the transport of goods via various modes (road, rail, air, sea).
Warehousing & Distribution: Storage, inventory management, and last-mile delivery.
Customs Clearance: Facilitating import and export processes.
Surface Transportation: Primarily road logistics within India.
Revenue would be generated from service charges for each of these activities.
Industry
The Indian logistics industry is large, complex, and undergoing significant transformation, driven by infrastructure development, GST implementation, and the growth of manufacturing and e-commerce. It is characterized by a mix of organized and unorganized players. Cargosol Logistics operates within this competitive landscape. Without specific market share data, it is positioned as a player contributing to India's domestic and potentially international supply chain needs, likely competing with both large national/multinational logistics providers and smaller regional players. Its positioning depends on its service offerings, geographical reach, and operational efficiency.
MOAT
Without detailed company information, specific durable competitive advantages for Cargosol Logistics are not confirmed. Potential moats in the logistics sector can include:
Network Density & Reach: Extensive network of warehouses, transportation routes, and operational hubs.
Operational Efficiency & Technology Integration: Superior processes, fleet management, and use of technology (e.g., WMS, TMS) to optimize costs and service levels.
Customer Relationships & Specialized Services: Long-term contracts or expertise in niche segments.
Asset Base: Ownership of critical assets like warehouses and a diversified fleet.
The presence and strength of these advantages for Cargosol would require further analysis.
Growth Drivers
Key factors that can drive growth for Cargosol Logistics Ltd. over the next 3-5 years include:
Economic Growth: India's sustained economic growth fuels demand for goods movement and storage.
Infrastructure Development: Government investments in roads, railways, ports, and airports enhance logistics efficiency.
E-commerce Boom: Rapid expansion of online retail necessitates robust and efficient supply chains.
Manufacturing & "Make in India": Growth in domestic manufacturing increases demand for logistics services.
GST Implementation: Formalization of the logistics sector, leading to larger, more organized players.
Outsourcing Trends: Companies increasingly outsource logistics functions to focus on core competencies.
Risks
Key business risks for Cargosol Logistics Ltd. include:
Fuel Price Volatility: Significant impact on transportation costs and profitability.
Intense Competition: Highly fragmented industry with numerous organized and unorganized players.
Infrastructure Bottlenecks: Despite improvements, challenges in infrastructure can cause delays and inefficiencies.
Labor Availability & Costs: Dependency on skilled and unskilled labor, with potential for rising wages.
Regulatory Changes: Changes in transport, environmental, or taxation policies.
Economic Slowdown: A downturn in economic activity can reduce demand for logistics services.
Technology Adoption: Failure to invest in and integrate new technologies can lead to competitive disadvantages.
Capital Intensity: Requirements for continuous investment in assets (vehicles, warehouses) and technology.
Management & Ownership
In India, promoter (founder) groups typically hold significant stakes in publicly listed companies, ensuring aligned interests. Specific details about the management team's experience, tenure, or corporate governance practices for Cargosol Logistics Ltd. are not available without access to regulatory filings or company reports. The quality of management is critical for strategic decision-making, operational efficiency, and navigating the competitive logistics landscape.
Outlook
The outlook for Cargosol Logistics Ltd. is influenced by the robust growth prospects of the Indian logistics sector, driven by strong macroeconomic tailwinds, infrastructure development, and the burgeoning e-commerce market. This provides a favorable environment for growth for well-managed logistics companies. However, the company operates in a highly competitive and capital-intensive industry, facing risks from fuel price volatility, infrastructure challenges, and the need for continuous technological adoption. Success will depend on its ability to build and maintain an efficient network, optimize operations through technology, manage costs effectively, and cultivate strong client relationships in a dynamic market.
Price goes above X
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| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 56 | 64 | 103 | 200 | 170 | 114 | 132 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Total Income | 56 | 64 | 104 | 201 | 170 | 114 | 133 | |
| Total Expenditure | 53 | 61 | 99 | 190 | 161 | 112 | 127 | |
| Operating Profit | 3 | 3 | 4 | 10 | 10 | 2 | 6 | |
| Interest | 1 | 1 | 2 | 2 | 2 | 3 | 3 | |
| Depreciation | 0 | 0 | 0 | 1 | 4 | 5 | 3 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 1 | 2 | 2 | 7 | 4 | -6 | 0 | |
| Provision for Tax | 0 | 0 | 1 | 2 | 2 | -1 | 0 | |
| Profit After Tax | 1 | 1 | 2 | 6 | 2 | -5 | 0 | |
| Adjustments | 0 | 0 | 0 | 1 | 2 | 1 | -0 | |
| Profit After Adjustments | 1 | 1 | 2 | 6 | 4 | -4 | 0 | |
| Adjusted Earnings Per Share | 1.6 | 1.7 | 2.6 | 8.3 | 4.1 | -4.2 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 16% | -13% | 16% | 0% |
| Operating Profit CAGR | 200% | -16% | 15% | 0% |
| PAT CAGR | 0% | -100% | -100% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -5% | -27% | NA% | NA% |
| ROE Average | 1% | -3% | 11% | 12% |
| ROCE Average | 7% | 5% | 12% | 12% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 7 | 8 | 10 | 16 | 27 | 23 | 23 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 3 | 6 | 9 | 8 | 11 | 12 | 9 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Total Current Liabilities | 17 | 16 | 22 | 33 | 26 | 29 | 28 |
| Total Liabilities | 27 | 30 | 41 | 58 | 64 | 62 | 58 |
| Fixed Assets | 2 | 2 | 3 | 10 | 25 | 22 | 19 |
| Other Non-Current Assets | 8 | 10 | 10 | 12 | 5 | 5 | 6 |
| Total Current Assets | 17 | 18 | 27 | 36 | 34 | 35 | 34 |
| Total Assets | 27 | 30 | 41 | 58 | 64 | 62 | 58 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 1 | 0 | 5 | 0 | 1 |
| Cash Flow from Operating Activities | -3 | 2 | 1 | 9 | -1 | -0 | 5 |
| Cash Flow from Investing Activities | -0 | -0 | -2 | -7 | -12 | 1 | 1 |
| Cash Flow from Financing Activities | 3 | -2 | 1 | 3 | 7 | 0 | -6 |
| Net Cash Inflow / Outflow | 0 | 0 | -0 | 5 | -5 | 1 | -0 |
| Closing Cash & Cash Equivalent | 1 | 1 | 1 | 5 | 0 | 1 | 1 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.64 | 1.68 | 2.62 | 8.28 | 4.12 | -4.18 | 0.06 |
| CEPS(Rs) | 1.92 | 2.1 | 3.01 | 9.14 | 5.94 | -0.26 | 2.7 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 8.75 | 10.43 | 13.05 | 21.33 | 26.26 | 22.08 | 22.14 |
| Core EBITDA Margin(%) | 4.79 | 4.94 | 4.1 | 5.04 | 5.61 | 1.18 | 3.71 |
| EBIT Margin(%) | 4.23 | 4.59 | 3.75 | 4.54 | 3.55 | -2.53 | 2.53 |
| Pre Tax Margin(%) | 2.34 | 2.36 | 2.3 | 3.68 | 2.33 | -5.45 | 0.17 |
| PAT Margin (%) | 1.83 | 1.88 | 1.7 | 2.76 | 1.37 | -4.37 | 0.09 |
| Cash Profit Margin (%) | 2.58 | 2.46 | 2.18 | 3.42 | 3.56 | -0.23 | 2.08 |
| ROA(%) | 3.81 | 4.27 | 5 | 11.23 | 3.83 | -7.86 | 0.21 |
| ROE(%) | 15.52 | 16.7 | 20 | 42.95 | 10.91 | -20.14 | 0.55 |
| ROCE(%) | 10.88 | 13.3 | 15.67 | 27.73 | 13.34 | -5.55 | 6.71 |
| Receivable days | 102.28 | 94.61 | 78.26 | 48.68 | 61.99 | 100.52 | 85.47 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 9.94 | 0 | 235.96 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 1.56 | 1.36 | 0.62 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.27 | 0.24 | 0.19 | 0.12 | 0.39 | 0.51 | 0.29 |
| EV/Core EBITDA(x) | 5.48 | 4.68 | 4.51 | 2.31 | 6.78 | 31.68 | 6.48 |
| Net Sales Growth(%) | 0 | 14.67 | 61.72 | 93.67 | -15.1 | -33.26 | 16.25 |
| EBIT Growth(%) | 0 | 24.3 | 32.25 | 134.62 | -33.73 | -147.55 | 216.51 |
| PAT Growth(%) | 0 | 17.92 | 46.61 | 214.38 | -57.84 | -312.66 | 102.5 |
| EPS Growth(%) | 0 | 2.13 | 56.09 | 215.95 | -50.19 | -201.48 | 101.4 |
| Debt/Equity(x) | 2.31 | 1.86 | 1.77 | 1.41 | 0.94 | 1.28 | 1.13 |
| Current Ratio(x) | 0.98 | 1.12 | 1.23 | 1.07 | 1.3 | 1.21 | 1.23 |
| Quick Ratio(x) | 0.98 | 1.12 | 1.23 | 1.07 | 1.3 | 1.21 | 1.23 |
| Interest Cover(x) | 2.24 | 2.06 | 2.59 | 5.28 | 2.92 | -0.86 | 1.07 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.6 | 0.94 | 1.82 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +16% | -13% | +16% | — |
| Operating Profit CAGR | +200% | -16% | +15% | — |
| PAT CAGR | — | -100% | -100% | — |
| Share Price CAGR | -5% | -27% | — | — |
| ROE Average | +1% | -3% | +11% | +12% |
| ROCE Average | +7% | +5% | +12% | +12% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 | 73.53 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 | 26.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 |
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