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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹66 Cr.
Stock P/E
5.6
P/B
0.9
Current Price
₹35.7
Book Value
₹ 39.2
Face Value
10
52W High
₹87.2
52W Low
₹ 31.5
Dividend Yield
0%

Kaushalya Logistics Overview

Business

Kaushalya Logistics Ltd. (KLL) operates as an integrated logistics and distribution company based in India. Its core business model is hybrid, combining comprehensive logistics services with the distribution and retail of consumer electronics and appliances. The company makes money through:

Logistics Services: Providing transportation of goods (primarily via road), warehousing, and supply chain management for various clients.

E-commerce Services: Selling consumer electronics and appliances (from brands like Bajaj, LG, Daikin) through its own online platform and other e-commerce channels, managing the entire process from warehousing to last-mile delivery.

Offline Distribution: Operating physical retail stores for consumer electronics and appliances, acting as a distributor for major brands.

Revenue Mix

KLL's revenue mix is significantly driven by its distribution and retail activities, leveraging its logistics capabilities. While precise, up-to-date percentage breakdowns can fluctuate and are often detailed in annual reports or IPO prospectuses, the major segments typically include:

Sale of Goods (E-commerce & Offline Distribution): This segment involves the direct sale of consumer electronics and appliances, often forming a substantial portion of the company's total revenue.

Logistics Services: This segment includes income derived from transportation, warehousing, and other supply chain solutions provided to third-party clients and supporting its own distribution business.

Due to the integrated nature, the pure logistics services component typically constitutes a smaller share of overall revenue compared to the revenue generated from the sale of goods.

Industry

The Indian logistics sector is large, fragmented, and undergoing a shift towards formalization and organization, driven by infrastructure development and GST implementation. KLL operates in a competitive landscape, facing both specialized logistics providers and other distributors/retailers of consumer electronics. As an NSE SME-listed company, it is a relatively smaller player compared to large national logistics conglomerates. Its unique positioning stems from its integrated model, allowing it to control the supply chain for its own distribution business while also offering logistics to external clients. It likely focuses on specific regions or niches (e.g., handling bulky appliances).

MOAT

KLL's competitive advantages are primarily derived from its integrated business model:

Integrated Value Chain: By owning both logistics and distribution/retail capabilities, KLL can potentially achieve better cost efficiencies, supply chain control, and faster last-mile delivery for its own distributed products compared to competitors reliant on third-party logistics.

Client Relationships: Strong established relationships with major consumer electronics brands (e.g., Bajaj, LG, Daikin) for distribution.

Operational Niche: Expertise in handling and distributing specific categories of goods like large consumer appliances, which require specialized logistics.

While KLL benefits from these factors, it does not possess a significant brand moat, overwhelming scale, or extensive network effect comparable to major logistics or retail giants. Switching costs for its distribution clients may be moderate.

Growth Drivers

E-commerce Growth in India: Continued surge in online shopping, particularly for consumer electronics and large appliances, which require robust and efficient logistics.

Rising Disposable Incomes: Growing middle class and increasing consumer spending on aspirational goods like electronics and home appliances.

Infrastructure Development: Government initiatives in improving road networks, warehousing, and logistics infrastructure will enhance operational efficiency.

Expansion of Distribution Network: Ability to penetrate new geographies or deepen presence in existing ones for both its e-commerce and offline retail channels.

Shift to Organized Logistics: Growing preference among businesses for integrated and reliable logistics partners over unorganized players.

Risks

Intense Competition: Both in the logistics sector (from organized and unorganized players) and in the consumer electronics distribution/retail market (from large e-commerce players and traditional retailers).

Fuel Price Volatility: As a logistics operator, profitability is sensitive to fluctuations in fuel prices.

Economic Slowdown: A downturn in the economy could reduce consumer spending on discretionary items like electronics, impacting KLL's distribution revenue.

Reliance on Key Brands: Significant dependence on relationships with specific consumer electronics brands for its distribution business. Loss of such contracts could impact revenue.

Technological Obsolescence: Rapid advancements and changes in consumer electronics trends could lead to inventory risks or require constant adaptation.

Working Capital Management: Managing inventory and receivables efficiently is crucial for the distribution segment, and failure to do so can strain finances.

Management & Ownership

Kaushalya Logistics Ltd. is primarily promoter-led, typical for an SME-listed company. Mr. Anil Kumar, Mr. Sudhir Kumar, and Mrs. Sangeeta are identified as the key promoters. Promoter holdings usually constitute a significant portion of the company's equity, indicating a strong vested interest in the company's performance. Details on specific management quality, experience beyond the core promoters, and independent board oversight would require a deeper review of their corporate governance filings.

Outlook

Kaushalya Logistics Ltd. operates in attractive growth sectors in India (logistics and consumer electronics distribution), benefiting from demographic trends and increasing digitalization. Its integrated model presents an opportunity for operational efficiencies and differentiation in serving specific market needs. The bull case hinges on KLL effectively scaling its hybrid model, expanding its brand partnerships, and capturing a larger share of the growing e-commerce and organized logistics market for appliances. The bear case, however, considers the intense competitive pressures from larger, more established players in both logistics and retail, potential margin erosion due to fuel costs or competitive pricing, and the inherent risks of managing inventory and sales in a fast-moving consumer goods sector. The company's ability to effectively manage its working capital, expand its reach sustainably, and maintain strong relationships with brand partners will be key to its future performance.

Kaushalya Logistics Share Price

Live · NSE · Inception: 2007
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Kaushalya Logistics Quarterly Results

#(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

Kaushalya Logistics Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 31 60 625 1466 1227
Other Income 2 3 8 12 20
Total Income 33 64 632 1478 1246
Total Expenditure 28 55 618 1459 1221
Operating Profit 5 8 14 20 25
Interest 1 3 4 7 8
Depreciation 0 0 0 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 4 5 9 12 16
Provision for Tax 1 1 2 3 4
Profit After Tax 3 4 7 9 12
Adjustments 0 0 0 0 0
Profit After Adjustments 3 4 7 9 12
Adjusted Earnings Per Share 2 2.5 4.7 4.9 6.4

Kaushalya Logistics Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 8 12 19 49 60
Minority's Interest 0 0 0 0 0
Borrowings 11 25 32 43 43
Other Non-Current Liabilities 0 0 1 2 3
Total Current Liabilities 14 28 88 77 147
Total Liabilities 33 65 141 171 254
Fixed Assets 1 1 2 29 31
Other Non-Current Assets 2 27 29 4 4
Total Current Assets 30 37 110 138 218
Total Assets 33 65 141 171 254

Kaushalya Logistics Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 1 0 11
Cash Flow from Operating Activities -0 5 4 -27 -17
Cash Flow from Investing Activities -6 -20 -10 4 4
Cash Flow from Financing Activities 6 15 6 33 4
Net Cash Inflow / Outflow -0 0 -0 10 -10
Closing Cash & Cash Equivalent 0 1 0 11 1

Kaushalya Logistics Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.99 2.49 4.67 4.91 6.39
CEPS(Rs) 2.19 2.69 4.82 5.3 6.85
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 5.61 8.1 12.76 26.22 32.62
Core EBITDA Margin(%) 11.29 7.56 0.82 0.4 0.37
EBIT Margin(%) 16.25 12.04 1.76 1.05 1.62
Pre Tax Margin(%) 12.7 7.86 1.21 0.69 1.07
PAT Margin (%) 9.54 5.66 0.91 0.51 0.79
Cash Profit Margin (%) 10.57 6.14 0.94 0.55 0.84
ROA(%) 9.15 7.7 6.87 5.84 5.58
ROE(%) 35.27 36.25 44.67 26.79 21.73
ROCE(%) 18.64 20.86 23.44 20.57 19.09
Receivable days 42.75 38.21 9.73 5.52 10.92
Inventory Days 0 20.83 6.71 3.84 4.22
Payable days 0 135.79 21.93 12.53 21.77
PER(x) 0 0 0 17.68 11.08
Price/Book(x) 0 0 0 3.31 2.17
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.04 0.44 0.08 0.15 0.17
EV/Core EBITDA(x) 0.25 3.2 3.41 11.14 8.32
Net Sales Growth(%) 0 91.98 936.07 134.69 -16.33
EBIT Growth(%) 0 56.89 70.2 37.9 29.87
PAT Growth(%) 0 25.57 87.58 28.89 30.18
EPS Growth(%) 0 25.27 87.52 5.26 30.13
Debt/Equity(x) 2.22 3.03 2.46 1.38 1.32
Current Ratio(x) 2.25 1.35 1.25 1.79 1.48
Quick Ratio(x) 2.25 1.21 0.97 1.62 1.33
Interest Cover(x) 4.58 2.88 3.2 2.87 2.92
Total Debt/Mcap(x) 0 0 0 0.42 0.61

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -16% +173%
Operating Profit CAGR +25% +46%
PAT CAGR +33% +44%
Share Price CAGR -55%
ROE Average +22% +31% +33% +33%
ROCE Average +19% +21% +21% +21%

Kaushalya Logistics Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 73.65 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 26.35 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.6573.6573.6573.6573.6573.6573.6573.6573.65
FII 1.270.120.080.070.070.06000
DII 2.690.120000000
Public 26.3526.3526.3526.3526.3526.3526.3526.3526.35
Others 000000000
Total 100100100100100100100100100

Kaushalya Logistics Peer Comparison

Logistics Edit Columns

Kaushalya Logistics Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Kaushalya Logistics Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 12.53 to 21.77days.
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