Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹113 Cr.
Stock P/E
14.4
P/B
1.2
Current Price
₹70.2
Book Value
₹ 58.7
Face Value
10
52W High
₹87.9
52W Low
₹ 45
Dividend Yield
1.78%

Total Transport Sys. Overview

Business

Total Transport Systems Ltd. is an integrated logistics solutions provider based in India. The company offers a comprehensive range of services, including international freight forwarding (air and ocean), customs clearance, domestic surface transportation, warehousing, supply chain management, and specialized project cargo handling. Its core business model involves managing the movement of goods for clients, leveraging a global network of partners for international reach, and utilizing a mix of owned assets and outsourced services for domestic operations. The company generates revenue through service fees for freight, customs brokerage, warehousing, and other value-added logistics solutions.

Revenue Mix

While specific revenue percentages may fluctuate and vary depending on reporting, Total Transport Systems' operations generally cover these key service lines:

International Freight Forwarding: Encompassing air and ocean cargo services for imports and exports, including cargo consolidation and customs clearance. This is a primary revenue driver, connecting India to global markets.

Domestic Logistics: Involves intra-India surface transportation (road and rail), warehousing, distribution, and last-mile delivery solutions.

Project Cargo & Specialized Logistics: Handling over-dimensional, heavy-lift, or complex cargo for industrial projects, which often requires specialized planning and execution.

Industry

The Indian logistics industry is large, highly fragmented, and experiencing significant growth, with an increasing shift from unorganized to organized players. It is characterized by intense competition from large integrated logistics companies, express delivery services, freight forwarders, and regional operators. Total Transport Systems Ltd. positions itself as an integrated logistics solutions provider with global capabilities through its network. It competes by offering customized solutions, reliability, and specialized services, aiming for a diverse client base across various industries rather than solely focusing on volume leadership.

MOAT

Total Transport Systems' competitive advantages primarily include:

Integrated Service Offering: Providing a comprehensive suite of logistics services (freight forwarding, customs, warehousing, distribution) helps simplify supply chains for clients, fostering convenience and potential customer loyalty.

Global Network Access: Leveraging a network of international partners enables the company to offer seamless cross-border logistics services without requiring extensive asset ownership globally.

Specialized Expertise: Demonstrated capability in handling complex project cargo showcases specialized knowledge and operational prowess, catering to niche industrial requirements.

However, the industry's competitive nature means these advantages, while valuable, may not create extremely high barriers to entry.

Growth Drivers

Robust Economic Growth & Industrialization: India's strong economic growth, government thrust on manufacturing (e.g., PLI schemes), and increasing domestic and international trade volumes directly fuel demand for logistics services.

Infrastructure Development: Government initiatives like the PM Gati Shakti National Master Plan and significant investments in roads, ports, and multimodal logistics parks enhance efficiency and expand connectivity.

E-commerce Expansion: The rapid growth of e-commerce across India drives demand for efficient warehousing, fulfillment, and last-mile delivery solutions.

Formalization of Logistics: The implementation of GST has streamlined inter-state movement and encouraged the shift from fragmented, unorganized players to organized, integrated logistics providers.

Supply Chain Optimization Demand: Businesses are increasingly seeking integrated and technology-enabled logistics partners to optimize their supply chains, reduce costs, and improve efficiency.

Risks

Intense Competition and Pricing Pressure: The highly fragmented and competitive nature of the Indian logistics market can lead to pricing wars, impacting profit margins.

Fuel Price Volatility: Fuel is a major operating cost, especially in surface transportation, and significant fluctuations can directly affect the company's profitability.

Global Trade & Geopolitical Risks: As an international freight forwarder, the company is susceptible to global economic slowdowns, trade policy changes, and geopolitical events affecting trade volumes and freight rates.

Infrastructure & Regulatory Hurdles: Despite improvements, ongoing infrastructure bottlenecks and evolving regulatory environments can still pose operational challenges and increase compliance costs.

Technology Adoption & Investment: The continuous need to invest in and adopt new technologies for tracking, optimization, and automation to remain competitive and efficient.

Management & Ownership

Total Transport Systems Ltd. is a promoter-driven company. Mr. Manish R. Rathi serves as the Managing Director, representing the promoter group. The promoter group typically holds a significant stake in the company, which is common in Indian mid-cap firms, indicating direct involvement of the founding family or key stakeholders in the company's strategic direction and day-to-day operations.

Outlook

Total Transport Systems is poised to benefit from India's structural growth drivers in the logistics sector, including economic expansion, robust infrastructure development, and the ongoing formalization of the industry. The company's integrated service offerings and international network position it well to cater to the evolving demands for efficient and sophisticated supply chain management. However, the outlook is balanced by the intensely competitive landscape, potential for margin pressures due to volatile input costs (like fuel), and sensitivity to global trade dynamics. Sustained growth will hinge on its ability to enhance operational efficiencies, strategically expand its network, adopt new technologies, and maintain service quality amidst a dynamic and competitive market.

Total Transport Sys. Share Price

Live · NSE · Inception: 1995
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Total Transport Sys. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 148 146 188 175 156 147 163 156 155 194
Other Income 1 1 1 1 1 1 0 1 1 1
Total Income 149 147 189 176 157 149 164 157 156 195
Total Expenditure 147 145 187 170 151 143 159 151 153 187
Operating Profit 2 3 2 6 7 6 5 5 2 8
Interest 2 1 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 1 1 4 4 4 3 3 0 6
Provision for Tax -0 1 1 1 -2 1 1 1 0 1
Profit After Tax -1 0 -0 3 6 3 2 2 0 4
Adjustments -0 0 0 0 0 0 -0 -0 0 -0
Profit After Adjustments -1 0 -0 3 6 3 2 2 0 4
Adjusted Earnings Per Share -0.4 0.1 -0 1.8 3.6 1.8 1.4 1.4 0.2 2.6

Total Transport Sys. Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 246 213 214 256 400 315 583 590 488 665 622 668
Other Income 1 0 0 0 0 0 0 0 4 4 4 3
Total Income 247 213 214 256 400 315 584 591 492 669 625 672
Total Expenditure 233 204 203 243 392 312 567 576 481 652 607 650
Operating Profit 14 9 11 14 7 3 17 15 11 17 19 20
Interest 4 3 2 2 2 2 2 3 4 4 4 4
Depreciation 2 1 1 1 1 1 1 2 4 4 4 4
Exceptional Income / Expenses -25 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -16 6 8 11 4 0 14 10 3 10 11 12
Provision for Tax -0 -0 0 3 2 1 4 5 2 1 3 3
Profit After Tax -16 6 8 7 2 -1 9 5 1 9 8 8
Adjustments 1 0 -0 -0 -0 -0 0 0 -0 0 -0 0
Profit After Adjustments -15 6 8 7 2 -1 9 5 1 9 8 8
Adjusted Earnings Per Share -15.5 5.8 5.5 5 1.5 -0.6 6.5 3.2 0.8 5.5 4.8 5.6

Total Transport Sys. Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 7 12 38 45 47 46 55 75 76 83 90
Minority's Interest 2 2 0 0 0 0 -0 0 0 -0 0
Borrowings 3 3 1 1 0 4 3 0 1 1 0
Other Non-Current Liabilities 2 2 2 2 2 3 3 4 4 3 3
Total Current Liabilities 44 40 28 33 82 49 70 42 73 79 91
Total Liabilities 57 59 69 82 132 103 131 121 155 167 185
Fixed Assets 11 10 9 9 8 8 10 12 19 18 20
Other Non-Current Assets 0 0 1 2 3 4 3 4 16 22 24
Total Current Assets 46 49 60 70 121 90 119 104 120 127 140
Total Assets 57 59 69 82 132 103 131 121 155 167 185

Total Transport Sys. Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 10 12 2 -9 -13 -21 -15 6 11 4 4
Cash Flow from Operating Activities 5 -11 -10 1 -3 5 4 20 -2 -2 21
Cash Flow from Investing Activities 2 0 -1 -2 -1 -1 -2 -21 -18 3 -15
Cash Flow from Financing Activities -5 1 12 -4 -4 2 -2 6 13 -2 -3
Net Cash Inflow / Outflow 2 -9 0 -5 -7 6 -0 5 -7 -0 3
Closing Cash & Cash Equivalent 12 2 3 -13 -21 -15 -16 11 4 4 6

Total Transport Sys. Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -15.49 5.77 5.52 5.02 1.46 -0.6 6.46 3.25 0.78 5.54 4.83
CEPS(Rs) -14.77 6.84 6.13 5.89 2.38 0.1 7.31 4.58 3.07 7.95 7.31
DPS(Rs) 0 0 0 0 0 0 0.75 0.75 0.5 0 1.25
Book NAV/Share(Rs) 6.59 12.37 26.46 31.77 32.92 32.13 38.08 46.25 47.09 51.76 56.1
Core EBITDA Margin(%) 5.12 4.21 5.02 5.23 1.79 0.95 2.81 2.48 1.47 2.01 2.4
EBIT Margin(%) -5.04 3.9 4.81 4.79 1.5 0.74 2.65 2.18 1.47 2.04 2.38
Pre Tax Margin(%) -6.67 2.58 3.89 4.14 0.96 0.01 2.31 1.67 0.66 1.45 1.74
PAT Margin (%) -6.64 2.69 3.7 2.81 0.55 -0.25 1.56 0.88 0.26 1.32 1.27
Cash Profit Margin (%) -6.01 3.21 4.11 3.29 0.85 0.05 1.79 1.25 1.01 1.93 1.9
ROA(%) -25.08 9.82 12.32 9.58 2.05 -0.66 7.79 4.14 0.91 5.49 4.48
ROE(%) -113.82 60.38 31.48 17.3 4.74 -1.66 18.16 8.09 1.67 11.06 9.05
ROCE(%) -42.9 33.06 25.03 21.26 9.03 3.36 20.55 14.96 7.13 11.84 11.89
Receivable days 52.42 51.71 68.71 78.99 80.36 110.77 56.44 53.08 58.01 50.81 58.51
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 52.79 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 8.42 6.22 12.98 0 11.02 38.09 121.13 12.41 9.87
Price/Book(x) 0 0 1.76 0.98 0.58 1.35 1.87 2.68 1.99 1.33 0.85
Dividend Yield(%) 0 0 0 0 0 0 1.05 0.61 0.53 0 2.62
EV/Net Sales(x) 0.03 0.1 0.36 0.23 0.12 0.26 0.21 0.32 0.33 0.2 0.13
EV/Core EBITDA(x) 0.49 2.17 6.98 4.44 6.72 25.11 7.1 12.69 14.88 7.52 4.48
Net Sales Growth(%) -10.65 -13.4 0.29 19.97 55.96 -21.19 85.22 1.21 -17.31 36.29 -6.56
EBIT Growth(%) -266 166.97 23.57 19.69 -51.22 -61.23 565.12 -16.58 -44.49 90.03 8.65
PAT Growth(%) -781.48 135.08 38.1 -8.85 -69.56 -135.26 1279.59 -42.74 -75.97 602.15 -10.7
EPS Growth(%) -358.47 137.29 0 -9.09 -70.85 -141.22 1171.05 -49.71 -76.14 614.32 -12.71
Debt/Equity(x) 2.05 1.44 0.37 0.4 0.46 0.51 0.49 0.22 0.44 0.44 0.42
Current Ratio(x) 1.04 1.22 2.15 2.09 1.47 1.83 1.69 2.5 1.64 1.6 1.55
Quick Ratio(x) 1.04 1.22 2.15 2.09 1.47 1.83 1.69 2.5 1.64 1.6 1.55
Interest Cover(x) -3.11 2.97 5.22 7.3 2.8 1.01 7.93 4.24 1.81 3.46 3.73
Total Debt/Mcap(x) 0 0 0.21 0.41 0.8 0.37 0.26 0.08 0.22 0.33 0.49

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% +2% +15% +10%
Operating Profit CAGR +12% +8% +45% +3%
PAT CAGR -11% +17% — —
Share Price CAGR 0% -19% +6% —
ROE Average +9% +7% +10% +4%
ROCE Average +12% +10% +13% +10%

Total Transport Sys. Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 49.74 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 50.26 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 48.1948.248.248.2248.2248.2248.2348.2349.7449.74
FII 0000000000
DII 0000000000
Public 51.8151.851.851.7851.7851.7851.7751.7750.2650.26
Others 0000000000
Total 100100100100100100100100100100

Total Transport Sys. Peer Comparison

Logistics Edit Columns

Total Transport Sys. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Total Transport Sys. Pros & Cons

Pros

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

Cons

  • Promoter holding is low: 49.74%.
  • Company has a low return on equity of 7% over the last 3 years.
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