Allcargo Logistics Limited (ALLCARGO)

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Allcargo Logistics Limited (ALLCARGO) · mywealthgrid

About

Allcargo Logistics provides transport and logistics services within India's industrials sector. Market cap ₹1,498 Cr, quarterly revenue around ₹510–550 Cr (standalone), with dual listings on NSE and BSE.

Face value: ₹2

Market cap

₹1,516 Cr

P/E

47.4×

P/B

2.6×

Dividend yield

20.8%

ROE

0.5%

ROCE

2.7%

Debt / equity

0.18

OPM

11.3%

EPS (TTM)

₹0.2

Book value

₹3.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability crisis: net profit turned negative in Sep 2025 (₹−2 to ₹−6 Cr) and collapsed to near zero in Dec 2025 (₹−1 to ₹0 Cr) despite OPM holding at ~11.8%; verify whether Mar–Jun 2026 recovery (₹15–20 Cr) is sustainable or reflects one-time benefit.
Valuation disconnect with earnings: PE of 45.39 paired with ROE of 0.53% is economically disconnected; stock would need earnings to double to justify earlier prices (₹35.7 high in 52-week range).
Severe stock decline unexplained: 1-year return of −71.37% from ₹35.7 to ₹10 signals a fundamental shock; verify root cause and management response.
Data inconsistency: Sep 2025 quarterly shows revenue as both ₹0 and ₹537 Cr, EPS as both −0.06 and −0.03; confirm which is standalone and what event explains the divergence.

Generated analysis · source review pending

Growth drivers

Quarterly revenue held stable at ₹510–550 Cr across four quarters despite profit volatility, indicating operational capacity intact; return to ₹15–20 Cr profit depends on clearing the cost shock that hit Sep 2025–Dec 2025.
Recovery visible in Mar–Jun 2026 (₹15–20 Cr net profit, 11.8%–13% OPM) after successive quarters in loss; verify whether this reflects normalized operations or a temporary swing.
Operating margin of 11.8%–13% persisted even through the profit crisis; verify whether this margin is defensible in the logistics sector.
Verify sector-level tailwinds in transport and logistics (e-commerce volumes, supply-chain investments, freight rates, macro cargo demand) to assess whether recovery can extend.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹10.1-3.9%1Y

Quick read

rule-based

Pros

+Dividend yield of 20.8%

Cons

−Low return on equity of 2.5% (3-yr avg)
−Profit declined 45.9% a year over the last 5 years
−Revenue shrank over the last 5 years (-27.8% a year)
−Weak interest coverage of 1×
−Promoter holding fell 23 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

26/100

Business quality: 22
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,641	5,583	6,049	6,895	7,346	10,498	20,072	18,051	13,188	16,022	2,058
COGS	3,794	3,778	4,312	4,979	0	3	1	0	0	0	0
Gross profit	1,847	1,806	1,737	1,916	—	—	—	—	—	—	—
	—	—	—	—	6,837	9,844	18,475	16,904	12,728	15,491	1,825
	—	—	—	—	510	651	1,597	1,147	460	530	233
OPM %	—	—	—	—	6.9%	6.2%	8%	6.4%	3.5%	3.3%	11.3%
Depreciation	201	166	159	156	232	306	343	278	400	429	204
Interest	41	32	30	30	68	136	110	75	130	150	62
	25	33	30	89	96	-50	107	102	235	77	37
Profit before tax	297	315	225	302	305	159	1,250	895	164	29	4
Tax	50	78	51	54	71	64	286	242	24	-21	-4
Tax %	16.8%	24.6%	22.8%	18%	23.3%	40.2%	22.8%	27%	14.9%	-72.3%	-100%
	248	238	174	248	234	95	965	653	140	49	8
PAT margin %	4.4%	4.3%	2.9%	3.6%	3.2%	0.9%	4.8%	3.6%	1.1%	0.3%	0.4%
EPS (₹)	—	—	—	—	9.1	7	37.7	25.6	1.5	0.4	0.1
EPS adjusted (₹)	2.4	—	—	2.5	2.3	1.8	9.4	6.4	1.5	0.4	0.1
	—	—	—	—	33%	28.4%	8%	12.7%	65.8%	297.3%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	50	49	49	49	49	49	197	197	300
Reserves	2,156	1,950	2,097	2,234	3,111	2,765	2,325	2,226	274
Minority interest	—	—	27	331	385	300	98	218	—
	358	497	1,236	1,754	1,848	705	967	1,169	102
	1,119	1,420	1,905	3,092	4,377	3,517	3,732	3,790	1,060
Total equity & liabilities	3,683	3,916	5,314	7,460	9,770	7,337	7,318	7,599	1,736
	1,220	1,422	1,203	1,464	1,410	2,132	2,834	2,716	264
CWIP	16	165	269	2	2	2	18	0	1
Investments	147	239	510	324	567	581	244	171	519
	2,301	2,090	3,332	5,670	7,791	4,622	4,222	4,712	952
Total assets	3,683	3,916	5,314	7,460	9,770	7,337	7,318	7,599	1,736

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2025 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
International Supply Chain (previously known as Multimodal Transport Operations)	14,076.96	116.58	4,867.73	2,702.94	2,164.79	5.39
Express Distribution	1,509.93

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	27.8%	—	—	—	—	—	—	—
EBITDA margin %	—	6.9%	6%	7.6%	6.3%	3.5%	3.2%	11.3%
EBIT margin %	—	3.7%	3.1%	5.8%	4.7%	0.5%	0.6%	1.4%
PAT margin %	3.6%	3.2%	0.9%	4.8%	3.6%	1.1%	0.3%	0.4%
Working capital
Receivable days	50	57	76	56	41	62	53	76
Inventory days	1	0	0	0	0	0	0	0
Payable days	51	45	51	38	31	46	37	40
NWC days	-1	12	25	18	11	16	16	36
Leverage
Current ratio	1.13	1.06	0.96	1.14	1.3	1.08	0.99	1.21
Debt to EBITDA	—	2.46	2.77	1.22	0.62	2.07	2.26	0.44
Debt to equity	0.25	0.58	0.77	0.58	0.25	0.38	0.48	0.18
Interest coverage	-4.1	4.6	2.8	11	12.2	1.1	1.1	1
Asset turnover	1.76	1.38	1.41	2.05	2.46	1.8	2.11	1.19
Return ratios
Return on assets %	6.3%	4.4%	1.3%	9.9%	8.9%	1.9%	0.6%	0.5%
Return on capital employed %	-5%	11.2%	11%	27.3%	20.1%	3.7%	4.3%	2.7%
Return on equity %	12.4%	10.9%	4.2%	30.5%	23.2%	5.6%	2%	1.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.92%	69.92%	69.92%	63.66%	63.37%	63.28%	63.28%	63.28%	63.28%	40.49%	40.28%	40.28%
	10.87%	10.95%	10.78%	10.76%	10.99%	10.89%	11.17%	8.84%	8.84%	8.2%	7.27%	6.56%
	2.96%	2.9%	2.84%	2.84%	2.75%	2.25%	2.24%	2.25%	2.25%	3.16%	2.3%	1.83%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	16.25%	16.23%	16.46%	22.74%	22.89%	23.58%	23.31%	25.63%	25.63%	48.15%	50.15%	51.33%
No. of shareholders	—	—	—	—	—	—	—	—	2,20,488	3,14,885	3,19,630	3,18,959

Promoter holding down 29.64 percentage points since Sep 2023.

14 deals · 22 Dec 2023 – 21 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	77,33,215	₹11.75	₹9.09 Cr
21 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	66,68,362	₹11.67	₹7.78 Cr
6 Aug 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	79,56,595	₹9.19	₹7.31 Cr
6 Aug 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	79,56,595	₹9.17	₹7.30 Cr
19 Jun 2026	VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	Bulk	NSE	Sell	89,33,722	₹8.66	₹7.74 Cr
19 Jun 2026	VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VIEIF	Bulk	NSE	Sell	84,61,398	₹8.66	₹7.33 Cr
15 Oct 2025	WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND	Bulk	NSE	Buy	68,17,024	₹34.15	₹23.28 Cr
20 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	72,60,646	₹67.03	₹48.67 Cr
20 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	72,60,646	₹66.97	₹48.62 Cr
24 Jun 2024	SHASHI KIRAN JANARDHAN SHETTY	Bulk	NSE	Sell	69,06,949	₹60.58	₹41.84 Cr

1–10 of 14

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Shashi Kiran Janardhan ShettyExecutive Director-Chairperson related to Promoter-MD
Mrs. Arathi ShettyNon-Executive - Non Independent Director
Mr. Kaiwan Dossabhoy KalyaniwallaNon-Executive - Non Independent Director
Mrs. Radha AhluwaliaNon-Executive - Independent Director
Mr. Sivaraman NarayanaswamiNon-Executive - Independent Director
Mr. Hetal Madhukant GandhiNon-Executive - Independent Director
Mr. Dinesh Kumar LalNon-Executive - Independent Director
Mr. Ketan Nishikant KulkarniExecutive Director-CEO-MD
Mr. Deepak Jagdish PareekChief Financial Officer
Mr. Shekhar R SinghCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

1.14%

of the company's equity

All mutual funds

1.14%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
SMALL CAP FUND	Tata Mutual Fund	1.71 Cr	20.45	0.16%	1.143%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

May 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

26

Interim dividend25 Oct 2024 · ex-date₹1.1
Final dividend17 Sept 2024 · ex-date₹1
Interim dividend15 Mar 2023 · ex-date₹3.25
Interim dividend24 Mar 2022 · ex-date₹3
Interim dividend22 Mar 2021 · ex-date₹2
Interim dividend23 Mar 2020 · ex-date₹3
Special dividend15 Feb 2019 · ex-date₹1.5
Interim dividend15 Feb 2019 · ex-date₹2
Dividend dividend2 Aug 2018 · ex-date₹2
Dividend dividend1 Aug 2017 · ex-date₹2
Interim dividend21 Mar 2016 · ex-date₹1
Interim dividend19 Nov 2015 · ex-date₹1
Final dividend31 Jul 2015 · ex-date₹1.4
Interim dividend26 Aug 2014 · ex-date₹0.6
Dividend dividend31 Jul 2014 · ex-date₹1.5
Dividend dividend2 Aug 2013 · ex-date₹1.5
Final dividend30 Jul 2012 · ex-date₹0.5
Interim dividend17 Nov 2011 · ex-date₹1
Final dividend5 May 2011 · ex-date₹0.5
Special dividend5 May 2011 · ex-date₹2
Interim dividend24 Nov 2010 · ex-date₹0.5
Dividend dividend12 May 2010 · ex-date₹0.5
Interim dividend19 Nov 2009 · ex-date₹2.5
Dividend dividend4 Jun 2009 · ex-date₹2.5
Dividend dividend1 Aug 2008 · ex-date₹3
Interim dividend9 Aug 2007 · ex-date₹2

1

Board meeting to consider results5 Aug 2026

1

Face value ₹10 → ₹219 Nov 2009 · ex-date

1–3 of 5

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

29 Sept 2026, 5:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	27.8%	—	—	—	—	—	—	—
EBITDA margin %	—	6.9%	6%	7.6%	6.3%	3.5%	3.2%	11.3%
EBIT margin %	—	3.7%	3.1%	5.8%	4.7%	0.5%	0.6%	1.4%
PAT margin %	3.6%	3.2%	0.9%	4.8%	3.6%	1.1%	0.3%	0.4%
Working capital
Receivable days	50	57	76	56	41	62	53	76
Inventory days	1	0	0	0	0	0	0	0
Payable days	51	45	51	38	31	46	37	40
NWC days	-1	12	25	18	11	16	16	36
Leverage
Current ratio	1.13	1.06	0.96	1.14	1.3	1.08	0.99	1.21
Debt to EBITDA	—	2.46	2.77	1.22	0.62	2.07	2.26	0.44
Debt to equity	0.25	0.58	0.77	0.58	0.25	0.38	0.48	0.18
Interest coverage	-4.1	4.6	2.8	11	12.2	1.1	1.1	1
Asset turnover	1.76	1.38	1.41	2.05	2.46	1.8	2.11	1.19
Return ratios
Return on assets %	6.3%	4.4%	1.3%	9.9%	8.9%	1.9%	0.6%	0.5%
Return on capital employed %	-5%	11.2%	11%	27.3%	20.1%	3.7%	4.3%	2.7%
Return on equity %	12.4%	10.9%	4.2%	30.5%	23.2%	5.6%	2%	1.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

Date	Category	Subject	Filing
29 Sept 2026, 5:48 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
28 Sept 2026, 5:37 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
28 Sept 2026, 5:19 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
21 Sept 2026, 12:50 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
16 Sept 2026, 8:27 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
16 Sept 2026, 8:23 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
16 Sept 2026, 5:17 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
15 Sept 2026, 1:57 pm	Company Update General	As Per The Attachment	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	440	359	308	324	319	330	850	1,583	-146	261	313
	-202	-267	-48	-289	-886	2	-591	-381	-324	82	56
	-200	-84	-222	-75	738	-282	-19	-1,684	-46	-187	-373
Net cash flow	38	7	38	-39	172	49	240	-482	-516	156	-4
Free cash flow	—	—	—	—	319	127	627	1,512	-267	183	294
CFO / Operating profit %	—	—	—	—	63.5%	52%	56.1%	140.1%	-31.2%	50.4%	134.3%

Allcargo Logistics Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends26

Board meetings1

Stock splits1

Announcements

Dividends26

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Container Freight Station Operations · revenue

26

1

1

26

1

1