Logistics · Founded 2015 · www.transvoy.com · BSE 543754 · · ISIN INE0MPU01011
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Business
Transvoy Logistics India Ltd. is an integrated logistics solutions provider based in India. The company offers a range of services primarily focused on facilitating international trade. Its core business includes freight forwarding (both air and sea), customs clearance, and related logistics support services such as warehousing, transportation, and cargo handling. The company acts as an intermediary, organizing the transportation and documentation for clients, thereby helping businesses move their goods efficiently across borders and within the country. It makes money by charging fees and commissions for these services to importers, exporters, and other businesses.
Revenue Mix
While specific revenue contribution percentages are typically not disclosed for smaller listed entities without detailed segment reporting, Transvoy's revenue is primarily derived from:
Freight Forwarding: Arranging for the transport of goods via air or sea.
Customs Clearance: Handling customs formalities, documentation, and compliance for import and export cargo.
Value-Added Logistics Services: This may include warehousing, transportation (inland haulage), and other supply chain management services, often provided as part of a comprehensive solution.
Given its service portfolio, freight forwarding and customs clearance are likely the dominant revenue streams.
Industry
The Indian logistics industry is vast, growing, and highly fragmented, encompassing freight forwarding, warehousing, transportation, and supply chain management. It is characterized by numerous small to medium-sized players alongside a few large integrated logistics companies and global multinational players. Transvoy Logistics India Ltd. operates within this competitive landscape, likely positioning itself as a specialist in freight forwarding and customs clearance, potentially focusing on specific trade lanes, cargo types, or client segments. As an SME-listed company, it is a relatively smaller player compared to established pan-India or global logistics giants but aims to compete on service quality, reliability, and potentially niche expertise.
MOAT
For a company of its size, Transvoy Logistics India Ltd. is unlikely to possess a deep "moat" in terms of significant brand power, vast proprietary network, or overwhelming scale that larger players command. Potential competitive advantages might include:
Customer Relationships: Building long-term relationships and trust with clients through reliable service.
Service Expertise: Specialized knowledge in customs procedures, international trade regulations, and specific cargo handling.
Agility & Flexibility: Being more responsive to client needs compared to larger, more bureaucratic organizations.
Operational Efficiency: Ability to offer competitive pricing through efficient operations and strong vendor relationships with carriers.
However, these advantages are generally imitable, making it challenging to sustain a significant competitive edge over the long term without continuous innovation or strategic expansion.
Growth Drivers
Key factors that can drive growth for Transvoy over the next 3-5 years include:
Growth in Indian Trade: Increasing import and export volumes due to India's economic growth and integration into global supply chains.
Government Initiatives: Schemes like 'Make in India', PLI schemes boosting manufacturing, and infrastructure development projects (e.g., Gati Shakti National Master Plan) will drive demand for logistics services.
E-commerce Expansion: The rapid growth of e-commerce in India, while primarily domestic, can indirectly boost overall logistics demand and create opportunities for specialized B2B logistics services.
Supply Chain Optimization: Businesses increasingly outsourcing logistics functions to achieve efficiency and cost savings.
Technological Adoption: Implementation of logistics technology (e.g., tracking, digital platforms) to improve efficiency and service offerings.
Risks
Intense Competition: The Indian logistics market is highly fragmented with numerous domestic and international players, leading to pricing pressure.
Economic Downturns & Geopolitical Risks: A slowdown in global or Indian economic activity, trade wars, or geopolitical tensions can significantly reduce trade volumes, impacting freight forwarding demand.
Fuel Price Volatility: Although an asset-light model reduces direct exposure, fuel price fluctuations can impact carrier costs, potentially affecting margins or pricing competitiveness.
Regulatory Changes: Changes in customs duties, trade policies, or international shipping regulations can impact operations and profitability.
Dependency on Third-Party Carriers: Reliance on airlines, shipping lines, and road transporters means the company is subject to their service quality, capacity, and pricing.
Infrastructure Bottlenecks: While improving, logistics infrastructure in India (ports, roads, railways) can still pose challenges, leading to delays and increased costs.
Management & Ownership
Transvoy Logistics India Ltd. is likely promoter-driven, typical for SME-listed companies. Mr. Vimal Kumar Gupta is a key promoter and holds a significant management position (e.g., Chairman & Managing Director). The management team's experience in the logistics and freight forwarding sector is crucial for navigating the complex industry. Promoter holding typically forms a substantial portion of the ownership, ensuring alignment of interests, with the remaining shares held by the public and potentially institutional investors.
Outlook
Transvoy Logistics India Ltd. operates in a growing and essential sector, benefiting from India's expanding economy and increasing trade volumes. The demand for efficient and integrated logistics solutions is expected to remain strong, offering a favorable industry backdrop. However, the company faces significant challenges from intense competition, price sensitivity, and external economic volatilities inherent in the logistics business. Its future success hinges on its ability to scale operations efficiently, leverage technology, deepen client relationships, potentially expand into niche value-added services, and maintain strong operational execution in a highly competitive and fragmented market. Growth will likely be driven by organic expansion and strategic partnerships, though significant market share gains against larger, established players may be challenging without substantial investment or differentiation.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Mar 2022 | Mar 2023 |
|---|---|---|
| Net Sales | 4 | 2 |
| Other Income | 0 | 0 |
| Total Income | 4 | 2 |
| Total Expenditure | 3 | 1 |
| Operating Profit | 1 | 1 |
| Interest | 0 | 0 |
| Depreciation | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 |
| Profit Before Tax | 1 | 1 |
| Provision for Tax | 0 | 0 |
| Profit After Tax | 1 | 1 |
| Adjustments | 0 | 0 |
| Profit After Adjustments | 1 | 1 |
| Adjusted Earnings Per Share | 11.6 | 2.4 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 6 | 13 | 28 | 35 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 0 |
| Total Income | 6 | 13 | 29 | 36 | 6 |
| Total Expenditure | 5 | 12 | 27 | 30 | 4 |
| Operating Profit | 1 | 1 | 2 | 5 | 2 |
| Interest | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 1 | 2 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 0 | 3 | 2 |
| Provision for Tax | 0 | 0 | 0 | 1 | 0 |
| Profit After Tax | 1 | 1 | 0 | 2 | 2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 0 | 2 | 2 |
| Adjusted Earnings Per Share | 11.5 | 2.4 | 0.3 | 7 | 14 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 25% | 80% | 0% | 0% |
| Operating Profit CAGR | 150% | 71% | 0% | 0% |
| PAT CAGR | 0% | 26% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -37% | -4% | NA% | NA% |
| ROE Average | 24% | 14% | 30% | 30% |
| ROCE Average | 20% | 16% | 27% | 27% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 1 | 7 | 7 | 9 |
| Minority's Interest | 0 | 0 | 0 | 1 |
| Borrowings | 0 | 1 | 8 | 6 |
| Other Non-Current Liabilities | -0 | -0 | -0 | 0 |
| Total Current Liabilities | 1 | 0 | 1 | 6 |
| Total Liabilities | 2 | 9 | 16 | 22 |
| Fixed Assets | 0 | 2 | 4 | 6 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Total Current Assets | 2 | 6 | 12 | 16 |
| Total Assets | 2 | 9 | 16 | 22 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 3 | 2 |
| Cash Flow from Operating Activities | 0 | 1 | -3 | 0 |
| Cash Flow from Investing Activities | -0 | -2 | -2 | -4 |
| Cash Flow from Financing Activities | -0 | 4 | 4 | 4 |
| Net Cash Inflow / Outflow | -0 | 3 | -2 | 0 |
| Closing Cash & Cash Equivalent | 0 | 3 | 2 | 2 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 11.46 | 2.37 | 0.27 | 6.99 |
| CEPS(Rs) | 13.66 | 3.01 | 3.43 | 13.79 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 14.57 | 26.39 | 25.96 | 32.95 |
| Core EBITDA Margin(%) | 16.74 | 6.93 | 5.14 | 14.6 |
| EBIT Margin(%) | 14.66 | 8.11 | 2.85 | 9.99 |
| Pre Tax Margin(%) | 14.66 | 6.36 | 1.55 | 8.1 |
| PAT Margin (%) | 10.92 | 4.82 | 0.25 | 5.26 |
| Cash Profit Margin (%) | 13.02 | 6.12 | 3.22 | 10.37 |
| ROA(%) | 30.72 | 11.88 | 0.58 | 9.77 |
| ROE(%) | 78.64 | 16.11 | 1.02 | 23.74 |
| ROCE(%) | 58.58 | 21.46 | 6.83 | 20.24 |
| Receivable days | 74.69 | 31.45 | 44.13 | 90.86 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Payable days | 28.03 | 7.84 | 2.49 | 3.68 |
| PER(x) | 0 | 28.89 | 187.27 | 21.45 |
| Price/Book(x) | 0 | 2.59 | 1.93 | 4.55 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.1 | 1.25 | 0.71 | 1.39 |
| EV/Core EBITDA(x) | 0.59 | 13.3 | 12.16 | 9.17 |
| Net Sales Growth(%) | 0 | 126.81 | 116.34 | 25.01 |
| EBIT Growth(%) | 0 | 25.51 | -24.05 | 338.42 |
| PAT Growth(%) | 0 | 0.05 | -88.73 | 2518.57 |
| EPS Growth(%) | 0 | -79.34 | -88.72 | 2518.5 |
| Debt/Equity(x) | 0.8 | 0.2 | 1.19 | 1.25 |
| Current Ratio(x) | 1.54 | 34.49 | 16.4 | 2.49 |
| Quick Ratio(x) | 1.54 | 34.49 | 16.4 | 2.49 |
| Interest Cover(x) | 0 | 4.65 | 2.19 | 5.29 |
| Total Debt/Mcap(x) | 0 | 0.08 | 0.62 | 0.28 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 |
| 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 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +25% | +80% | — | — |
| Operating Profit CAGR | +150% | +71% | — | — |
| PAT CAGR | — | +26% | — | — |
| Share Price CAGR | -37% | -4% | — | — |
| ROE Average | +24% | +14% | +30% | +30% |
| ROCE Average | +20% | +16% | +27% | +27% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 | 71.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 | 28.54 |
| 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 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
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