Logistics · Founded 2007 · www.drscargomovers.com · NSE · ISIN INE0QZM01018
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Business
DRS Cargo Movers Ltd. (DRSCARGO) operates within the logistics sector in India. Its core business model likely involves providing transportation and related supply chain services. This typically includes freight forwarding (road, and potentially rail/air depending on scale), warehousing and distribution, cargo handling, and potentially value-added services like packaging or express delivery. The company generates revenue by charging clients for the movement, storage, and management of goods across various points in the supply chain.
Revenue Mix
Specific revenue segmentation for DRS Cargo Movers Ltd. is not publicly available. However, based on the logistics industry in India, potential key segments could include:
Full Truck Load (FTL) & Less-than-Truck Load (LTL) Services: Transportation of goods across different geographies.
Warehousing & Distribution: Storage, inventory management, and last-mile delivery.
Express Cargo: Time-sensitive parcel and package delivery.
Supply Chain Solutions: Integrated logistics services tailored for specific industries.
Revenue would primarily be derived from transportation fees, warehousing charges, and service fees for supply chain management.
Industry
The Indian logistics industry is highly fragmented, characterized by a mix of large integrated players, mid-sized regional operators, and numerous small, unorganized transporters. Key industry drivers include economic growth, infrastructure development, and the e-commerce boom. DRS Cargo Movers Ltd. likely positions itself within this competitive landscape by focusing on specific geographies, types of cargo, or service levels (e.g., cost-effectiveness, reliability, or specific industrial clients). Its competitive standing against larger, more established pan-India players or specialized niche providers would depend on its network reach, service quality, pricing, and technology adoption.
MOAT
Without specific company details, it's challenging to identify durable competitive advantages for DRS Cargo Movers Ltd. Potential moats in the logistics sector can include:
Network Effects/Scale: An extensive and efficient transportation network across key routes.
Operational Efficiency: Superior asset utilization, route optimization, and cost management.
Customer Relationships: Long-standing contracts and trust built with key clients, leading to high switching costs for customers.
Technology Integration: Use of advanced logistics software for tracking, fleet management, and inventory optimization.
Brand Reputation: A strong reputation for reliability and timely delivery.
DRS Cargo Movers Ltd. would need to demonstrate consistent superiority in one or more of these areas to establish a sustainable moat in a highly competitive market.
Growth Drivers
Key factors that can drive growth for DRS Cargo Movers Ltd. over the next 3-5 years include:
Economic Growth: India's overall economic expansion drives demand for goods movement.
E-commerce Boom: Increasing online retail penetration necessitates robust last-mile and pan-India logistics networks.
Infrastructure Development: Government investments in roads, ports, and railways (e.g., National Logistics Policy, Gati Shakti) improve logistics efficiency and reduce costs.
"Make in India" & PLI Schemes: Growth in manufacturing output directly translates to increased cargo volumes.
GST Implementation: Formalization of the logistics sector, encouraging consolidation and efficiency gains for organized players.
Technological Adoption: Investment in fleet management systems, IoT, and analytics for better optimization and service delivery.
Risks
Key business risks for DRS Cargo Movers Ltd. include:
Fuel Price Volatility: A major operating expense; fluctuations can significantly impact profitability.
Intense Competition: Highly fragmented market with pressure on pricing and margins.
Economic Slowdown: A downturn in manufacturing or consumption can reduce cargo volumes.
Infrastructure Bottlenecks: Despite improvements, congestion and last-mile challenges persist.
Regulatory Changes: Evolving transportation and environmental regulations can increase compliance costs.
Technology Disruption: Failure to adopt new technologies (e.g., automation, AI) could lead to competitive disadvantage.
Labor Availability & Costs: Shortages of skilled drivers and rising labor costs.
Management & Ownership
Detailed information on the specific promoters and management team of DRS Cargo Movers Ltd. is not provided. In India, many logistics companies, especially mid-sized ones, are typically promoter-led. The quality of management would be critical, focusing on operational excellence, strategic partnerships, technology adoption, and financial prudence. Ownership is likely concentrated with the founding family or a core group of investors, common for a company of this nature in India.
Outlook
DRS Cargo Movers Ltd. operates within a dynamic and essential sector in India. The macro tailwinds of a growing economy, expanding e-commerce, and significant government focus on infrastructure and manufacturing present a strong growth runway for organized logistics players. The company has the potential to expand its network, enhance service offerings, and improve efficiency through technology adoption. However, the outlook is balanced by significant competitive pressures, the inherent operational challenges of the logistics industry (e.g., fuel costs, labor management), and the need for continuous investment in assets and technology. Success will depend on its ability to carve out a sustainable niche, manage costs effectively, and maintain high service reliability amidst intense competition and evolving customer demands.
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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 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|
| Net Sales | 17 | 20 | 24 | |
| Other Income | 0 | 0 | 0 | |
| Total Income | 17 | 20 | 24 | |
| Total Expenditure | 14 | 15 | 19 | |
| Operating Profit | 3 | 5 | 5 | |
| Interest | 1 | 2 | 1 | |
| Depreciation | 2 | 3 | 3 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | |
| Profit Before Tax | -1 | 0 | 0 | |
| Provision for Tax | 0 | 3 | 0 | |
| Profit After Tax | -1 | -2 | 0 | |
| Adjustments | 0 | 0 | 0 | |
| Profit After Adjustments | -1 | -2 | 0 | |
| Adjusted Earnings Per Share | -0.9 | -3.3 | 0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 20% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 1% | -4% | -4% | -4% |
| ROCE Average | 3% | 3% | 3% | 3% |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Shareholder's Funds | 26 | 24 | 24 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 18 | 21 | 7 |
| Other Non-Current Liabilities | 3 | 7 | 6 |
| Total Current Liabilities | 8 | 6 | 24 |
| Total Liabilities | 54 | 57 | 62 |
| Fixed Assets | 43 | 44 | 48 |
| Other Non-Current Assets | 1 | 4 | 5 |
| Total Current Assets | 11 | 9 | 9 |
| Total Assets | 54 | 57 | 62 |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 0 |
| Cash Flow from Operating Activities | 7 | 6 | 9 |
| Cash Flow from Investing Activities | -7 | -6 | -10 |
| Cash Flow from Financing Activities | 1 | -0 | 1 |
| Net Cash Inflow / Outflow | 0 | -0 | -0 |
| Closing Cash & Cash Equivalent | 1 | 0 | 0 |
| # | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Earnings Per Share (Rs) | -0.91 | -3.3 | 0.16 |
| CEPS(Rs) | 2.24 | 0.61 | 4.62 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 34.82 | 31.52 | 31.68 |
| Core EBITDA Margin(%) | 17.64 | 24.06 | 18.38 |
| EBIT Margin(%) | 5.22 | 11.79 | 5.95 |
| Pre Tax Margin(%) | -3.24 | 0.26 | 0.69 |
| PAT Margin (%) | -4.14 | -12.42 | 0.51 |
| Cash Profit Margin (%) | 10.16 | 2.3 | 14.61 |
| ROA(%) | -1.27 | -4.44 | 0.21 |
| ROE(%) | -2.63 | -9.95 | 0.51 |
| ROCE(%) | 1.79 | 4.88 | 3.05 |
| Receivable days | 76.57 | 68.01 | 45.66 |
| Inventory Days | 0 | 0 | 7.52 |
| Payable days | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.76 | 1.59 | 1.14 |
| EV/Core EBITDA(x) | 9.03 | 6.01 | 5.67 |
| Net Sales Growth(%) | 0 | 20.33 | 19.19 |
| EBIT Growth(%) | 0 | 171.71 | -39.84 |
| PAT Growth(%) | 0 | -260.69 | 104.93 |
| EPS Growth(%) | 0 | -260.7 | 104.93 |
| Debt/Equity(x) | 0.85 | 1.03 | 0.88 |
| Current Ratio(x) | 1.4 | 1.48 | 0.36 |
| Quick Ratio(x) | 1.4 | 1.48 | 0.34 |
| Interest Cover(x) | 0.62 | 1.02 | 1.13 |
| Total Debt/Mcap(x) | 0 | 0 | 0 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 72.12 | 72.12 | 72.12 | 73.96 |
| FII | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 |
| Public | 27.88 | 27.88 | 27.88 | 26.04 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 0.54 | 0.54 | 0.54 | 0.56 |
| FII | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 |
| Public | 0.21 | 0.21 | 0.21 | 0.2 |
| Others | 0 | 0 | 0 | 0 |
| Total | 0.75 | 0.75 | 0.75 | 0.75 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +20% | — | — | — |
| Operating Profit CAGR | 0% | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | — | — | — | — |
| ROE Average | +1% | -4% | -4% | -4% |
| ROCE Average | +3% | +3% | +3% | +3% |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 72.12 | 72.12 | 72.12 | 73.96 |
| FII | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 |
| Public | 27.88 | 27.88 | 27.88 | 26.04 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 0.54 | 0.54 | 0.54 | 0.56 |
| FII | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 |
| Public | 0.21 | 0.21 | 0.21 | 0.2 |
| Others | 0 | 0 | 0 | 0 |
| Total | 0.75 | 0.75 | 0.75 | 0.75 |
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