Logistics · Founded 1986 · www.rajvilogitrade.com · BSE 511185 · · ISIN INE381N01019
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Business
Rajvi Logitrade Ltd. is an Indian logistics and supply chain solutions provider. The company primarily offers integrated logistics services, which typically include goods transportation via road, warehousing, freight forwarding, and other value-added logistics activities. Its core business model revolves around managing the movement and storage of goods for various clients, from manufacturers to distributors. The company generates revenue by charging fees for its transportation, warehousing, and associated logistics services.
Revenue Mix
The company operates primarily within a single integrated logistics segment. Specific breakdowns of revenue contribution from distinct services like transportation versus warehousing are not typically disclosed publicly for smaller companies. Its services are generally offered as a comprehensive package to clients requiring end-to-end supply chain support.
Industry
The Indian logistics industry is large, highly fragmented, and undergoing significant transformation. It's driven by robust economic growth, increasing manufacturing activity, e-commerce expansion, and substantial government investment in infrastructure. Rajvi Logitrade operates as a relatively smaller player within this competitive landscape, likely focusing on specific regions or client niches. Its positioning relies on service reliability, cost-effectiveness, and established client relationships to compete against numerous organized and unorganized sector participants.
MOAT
For a company of its size in a highly competitive sector, Rajvi Logitrade's durable competitive advantages are likely modest. Potential advantages could include:
Operational Efficiency: Streamlined processes and optimized routing for specific corridors or types of goods.
Client Relationships: Long-term contracts and trust built with key customers through consistent service delivery.
Regional Expertise/Network: A strong, localized network or deep understanding of specific operational geographies.
However, scalable advantages like vast network effects, proprietary technology, or significant brand premium are generally limited.
Growth Drivers
India's Economic Growth: Overall industrial output, consumption, and trade directly fuel demand for logistics services.
Infrastructure Development: Ongoing government investment in roads, railways, and multi-modal logistics parks improves efficiency and reach.
E-commerce Expansion: Surging online retail demands robust warehousing, first-mile, and last-mile delivery solutions.
National Logistics Policy (NLP): Aims to reduce logistics costs, streamline processes, and formalize the sector, potentially benefiting organized players.
Shift to Organized Logistics: Businesses increasingly prefer organized logistics providers for compliance, reliability, and technology.
Expansion of Client Base & Service Offerings: Securing new contracts and potentially expanding into new geographical areas or specialized logistics services.
Risks
Intense Competition: The logistics sector is highly fragmented with numerous players, leading to pricing pressure and margin compression.
Fuel Price Volatility: Fuel is a significant operating cost, and price fluctuations directly impact profitability.
Economic Slowdown: A downturn in manufacturing or consumption can reduce freight volumes and demand for logistics services.
Regulatory Changes: Changes in transport laws, taxation (e.g., GST), or environmental regulations could impact operations and costs.
Infrastructure Bottlenecks: Road congestion, port delays, or inadequate storage facilities can cause operational inefficiencies and delays.
Labor Shortages: Availability and cost of skilled drivers and logistics personnel.
Technology Adoption: Failure to invest in and adopt new logistics technologies could lead to competitive disadvantages.
Management & Ownership
Rajvi Logitrade Ltd. is promoted by individuals who typically hold significant ownership stakes, common for SME-listed companies. The management team often includes the promoters themselves, bringing operational experience and direct involvement in the company's day-to-day affairs. Ownership structure usually features a substantial promoter holding, with the remaining shares held by the public and other institutional/non-institutional investors. Specific details on management quality would require a deeper dive into their individual track records and corporate governance practices.
Outlook
The outlook for Rajvi Logitrade is shaped by the dynamic Indian logistics sector. The bull case rests on India's sustained economic growth, significant infrastructure upgrades, and the ongoing formalization of the logistics industry, which could enable organized players like Rajvi to capture market share. Potential for growth also lies in strategic client acquisitions and optimization of operational efficiencies.
Conversely, the bear case highlights intense competition leading to pricing pressures, vulnerability to volatile fuel costs, and risks associated with economic downturns. As a smaller player, the company may also face challenges in scaling operations, attracting top talent, and investing in advanced technology compared to larger, more diversified logistics giants. Its ability to navigate these challenges while capitalizing on industry tailwinds will determine its growth trajectory.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(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 | 6 | 8 | 4 | 6 | 12 | 21 | 22 | 17 | 26 | 31 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 6 | 8 | 4 | 6 | 12 | 21 | 22 | 17 | 27 | 31 |
| Total Expenditure | 6 | 7 | 4 | 6 | 11 | 20 | 21 | 16 | 25 | 28 |
| Operating Profit | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 2 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Adjustments | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Adjusted Earnings Per Share | 2.1 | 3.7 | 1.6 | 1.2 | 3.3 | 4.8 | 4.8 | 0.2 | 1.3 | 2.3 |
| #(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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 16 | 31 | 43 | 96 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 16 | 31 | 43 | 97 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 16 | 30 | 41 | 90 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 1 | 2 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 1 | 1 | 4 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 1 | 1 | 2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 1 | 1 | 2 |
| Adjusted Earnings Per Share | -0.4 | -0.8 | -0.5 | -0.6 | -0.8 | -0.8 | -0.7 | 2.6 | 1.8 | 7.7 | 10.9 | 8.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 39% | 68% | 0% | 0% |
| Operating Profit CAGR | 100% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 55% | 40% | 25% | 14% |
| ROE Average | 91% | 124% | 75% | 34% |
| ROCE Average | 23% | 46% | 47% | -27% |
| #(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 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | -0 | -0 | 3 | 4 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 5 | 14 |
| Total Liabilities | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 1 | 1 | 8 | 26 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 1 | 1 | 8 | 23 |
| Total Assets | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 1 | 1 | 8 | 26 |
| #(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 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -2 | -7 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 2 | 10 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | 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) | -0.4 | -0.76 | -0.48 | -0.57 | -0.78 | -0.81 | -0.7 | 2.62 | 1.79 | 7.69 | 10.94 |
| CEPS(Rs) | -0.4 | -0.76 | -0.48 | -0.57 | -0.78 | -0.81 | -0.7 | 2.62 | 1.79 | 7.69 | 11.89 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -1.43 | -2.19 | -2.67 | -3.24 | -4.02 | -4.83 | -5.53 | -2.91 | -1.12 | 6.58 | 17.51 |
| Core EBITDA Margin(%) | -15.7 | -721.13 | 0 | 0 | 0 | 0 | 0 | 2.75 | 1.38 | 3.3 | 4.66 |
| EBIT Margin(%) | -15.7 | -721.13 | 0 | 0 | 0 | 0 | 0 | 2.86 | 1.42 | 3.3 | 4.48 |
| Pre Tax Margin(%) | -15.72 | -721.82 | 0 | 0 | 0 | 0 | 0 | 2.86 | 1.42 | 3.3 | 3.4 |
| PAT Margin (%) | -15.74 | -721.82 | 0 | 0 | 0 | 0 | 0 | 2.86 | 1.11 | 2.49 | 2.54 |
| Cash Profit Margin (%) | -15.74 | -721.82 | 0 | 0 | 0 | 0 | 0 | 2.86 | 1.11 | 2.49 | 2.76 |
| ROA(%) | -31.53 | -60.42 | -442.06 | -776.24 | 6664.45 | -4912.84 | -1305.91 | 39.07 | 13.16 | 16.91 | 6.55 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 281.74 | 90.8 |
| ROCE(%) | -130.83 | -404.06 | 0 | 0 | 0 | 0 | 0 | 96.2 | 51.61 | 64.5 | 22.89 |
| Receivable days | 327.09 | 0 | 0 | 0 | 0 | 0 | 0 | 43.89 | 22.91 | 41.99 | 109.14 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.3 | 0 | 1.15 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | -1.32 | 0 | 0 | -2.07 | 0 | 1.35 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 4.71 | 114 | 0 | 0 | 0 | 0 | 0 | 0.15 | 0.08 | 0.02 | 0.25 |
| EV/Core EBITDA(x) | -30.02 | -15.81 | -25.81 | -23.11 | -11.57 | -17.95 | -21.87 | 5.36 | 5.72 | 0.56 | 5.31 |
| Net Sales Growth(%) | 646.38 | -95.83 | -100 | 0 | 0 | 0 | 0 | 0 | 75.88 | 91.66 | 39.2 |
| EBIT Growth(%) | -871.44 | -91.56 | 35.86 | -16.66 | -37.38 | -4.41 | 13.34 | 472.97 | -12.55 | 344.53 | 88.93 |
| PAT Growth(%) | -826.9 | -91.29 | 35.92 | -16.66 | -37.38 | -4.41 | 13.34 | 472.97 | -31.62 | 329.06 | 42.17 |
| EPS Growth(%) | -827.02 | -91.3 | 35.92 | -16.67 | -37.38 | -4.41 | 13.35 | 472.97 | -31.62 | 329.06 | 42.17 |
| Debt/Equity(x) | -1.37 | -0.93 | -0.99 | -0.95 | -0.91 | -0.96 | -0.98 | -2.92 | -3.96 | 0 | 5.75 |
| Current Ratio(x) | 1.25 | 0.36 | 0.05 | 0 | -0.01 | 0.01 | 0.01 | 0.82 | 0.93 | 1.58 | 1.67 |
| Quick Ratio(x) | 1.25 | 0.36 | 0.05 | 0 | -0.01 | 0.01 | 0.01 | 0.82 | 0.93 | 1.58 | 1.67 |
| Interest Cover(x) | -680.33 | -1049.82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.17 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.68 | 0 | 0 | 1.41 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.48 | 54.48 | 54.48 | 54.48 | 54.48 | 54.48 | 54.48 | 59.46 | 59.46 | 59.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.66 | 25.66 | 25.66 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.52 | 45.52 | 45.52 | 45.52 | 45.52 | 45.52 | 45.52 | 14.88 | 14.88 | 14.88 |
| 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 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.38 | 0.38 | 0.38 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.16 | 0.16 | 0.16 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.09 | 0.09 | 0.09 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.63 | 0.63 | 0.63 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +39% | +68% | — | — |
| Operating Profit CAGR | +100% | — | — | — |
| PAT CAGR | 0% | — | — | — |
| Share Price CAGR | +55% | +40% | +25% | +14% |
| ROE Average | +91% | +124% | +75% | +34% |
| ROCE Average | +23% | +46% | +47% | -27% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.48 | 54.48 | 54.48 | 54.48 | 54.48 | 54.48 | 54.48 | 59.46 | 59.46 | 59.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.66 | 25.66 | 25.66 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.52 | 45.52 | 45.52 | 45.52 | 45.52 | 45.52 | 45.52 | 40.54 | 40.54 | 40.54 |
| 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 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.38 | 0.38 | 0.38 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.16 | 0.16 | 0.16 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.26 | 0.26 | 0.26 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.63 | 0.63 | 0.63 |
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