Allcargo Logistics Ltd(ALLCARGO)

NSE: ALLCARGOBSE: 532749

₹ 9.15-6.15%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,370 crNext results: 3 Nov 2026Website: www.allcargologistics.comUpdated: 25 Oct 2026

About

Allcargo Logistics Ltd is an Indian logistics company offering Express Distribution (B2B surface freight) and Consultative Logistics (contract warehousing and fulfilment) following the demerger of its International Supply Chain business into Allcargo Global, effective November 2025. The company reported revenue from operations of Rs 2,058 cr in FY26, with Consultative Logistics contributing Rs 615 cr of that total. In Q1 FY27, consolidated EBITDA reached Rs 71 cr at a 13% margin, and the company returned to profitability with PAT of Rs 14 cr.^[1][2][3][4]

Business segments

Following the composite scheme effective 1 November 2025, Allcargo Logistics operates two segments: Express Distribution (B2B surface freight) and Consultative Logistics (contract warehousing and fulfilment); the International Supply Chain business was demerged into Allcargo Global.^[4]
Consultative Logistics revenue was Rs 615 cr in FY26, up 17% YoY, driven by e-commerce/quick-commerce fulfilment, FTL expansion and in-plant services.^[2]
Express Distribution handled 12.3 lakh MT (1,233K tonnes) in FY26, with revenue growing faster than tonnage as the company weeded out unprofitable accounts.^[3][2]

Key operating numbers

Express volume rose 6.7% YoY to 312,000 tonnes in Q1 FY27; realization per tonne improved 6.4% YoY, together driving Express revenue growth of 13.5% YoY.^[3]
Express realization per tonne was Rs 12,037 in Q4 FY26, up 3% YoY and 4% QoQ, lifted by metro congestion charges, AER charges on 1,100 pin codes and next-round-zero weight rounding.^[2]
Express gross margin was 26.3% in Q1 FY27, up ~100 bps YoY from 25.3%; Express EBITDA margin was 6.2% in Q1 FY27.^[3]
Consultative Logistics EBITDA margin was 29.56% in Q1 FY27; CL revenue per sq ft improved 3% vs the prior quarter despite flat warehouse space.^[3]
Consolidated gross margin held steady at 30% in Q1 FY27; SG&A plus opex as a share of sales fell from 19.3% in Q1 FY26 to 16.8% in Q1 FY27.^[3]

Operations and network

Consultative Logistics managed 7.5 mn sq ft of warehouse space in Q1 FY27, broadly flat YoY; peak was 8.4 mn sq ft in Q2 FY26.^[3][4]
Allcargo handles over 10 million packages per month for top e-commerce and quick-commerce players through fulfilment, sorting and cross-dock centres.^[2]
A transparent diesel price hike (DPH) mechanism passes all fuel cost increases through to Express customers; natural yield escalation accounted for ~80% and fuel pass-through ~20% of the 6.4% Q1 FY27 realization improvement.^[3]

Customers and distribution

Consultative Logistics customer retention rate was 98% in Q1 FY27, supported by service quality adherence exceeding 99%; 15 new business opportunities were added in Q1 FY27 (3 auto/engineering, 5 chemical, 7 e-commerce/others).^[3]
Management cited syndicated research showing Allcargo gained Express market share in both the July - September and October - December 2025 quarters, while multiple large peers lost share.^[5]
Express customer verticals span Key Enterprise Accounts (KEA), Strategic, MSME and Retail; management is deepening yield management across all four groups.^[5]
In January 2026, a major multinational 3PL serving an automotive MNC signed an integrated contract consuming both Express and Consultative Logistics services, demonstrating post-merger cross-sell capability.^[5]

Expansion and capex

FY27 Express infrastructure capex is Rs 10 - 15 cr for hub improvements; Consultative Logistics capex is Rs 20 cr for incremental warehouse area additions targeting 0.5 mn sq ft.^[3][2]
Technology capex budget for FY27 is Rs 12 cr, deployed at Rs 2 - 3 cr per quarter across 5 - 6 initiatives including a new WMS system for Consultative Logistics and AI embedding in customer service, sales and operations.^[5][3]
Vision 2030 plan targets revenue of Rs 1,961 cr by FY30 at 12% CAGR from FY25 (organic only) and EBITDA of Rs 598 cr at 21% CAGR, with ROCE expanding 2,000+ basis points.^[2][4]
Express EBITDA margin target is 7.5% for FY27, rising to 10% by the end of the 3-year plan (FY29).^[3]
The company is targeting carbon neutrality by 2040.^[3]

Recent developments

Vijay Nehra was appointed Chief Transformation Officer and Managing Director Designate effective 1 October 2026; he will be re-designated Managing Director & CEO effective 1 January 2027.^[6][7]
Ketan Kulkarni resigned as MD & CEO effective 31 December 2026 to become Chief Growth Officer of the Allcargo Group from 1 January 2027.^[7][6]
Allcargo Global, which holds the International Supply Chain (international freight) business, received SEBI and exchange approvals for listing in May 2026, with listing expected approximately one month from the Q4 FY26 earnings call date.^[2]
Total non-lease borrowings fell from Rs 234 cr (March 2025) to Rs 102 cr (March 2026), supported by operating cash flow of Rs 315 cr in FY26.^[2]

Market Cap

₹1,370 Cr

High / Low

₹16 / 7

Stock P/E

48.2

Price / Book

2.4

Book Value

₹4

EPS

₹0.1

No. of Shares

149.78 Cr

ROCE

2.2%

ROE

1.4%

OPM

2.9%

Debt / Equity

0.18

Sales

₹2,058 Cr

Net Profit

₹21 Cr

Promoter holding

40.3%

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Allcargo Logistics Ltd(ALLCARGO)

About

Business segments

Key operating numbers

Operations and network

Customers and distribution

Expansion and capex

Recent developments

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