Snowman Logistics Ltd(SNOWMAN)

NSE: SNOWMANBSE: 538635

₹ 33.5-1.50%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 560 crNext results: 28 Oct 2026Website: www.snowman.inUpdated: 24 Oct 2026

About

Snowman Logistics, incorporated in 1993, is a cold chain logistics provider in India offering temperature-controlled and dry warehousing, refrigerated transportation, Fifth Party Logistics (5PL) and supply chain management services. It reported FY26 revenue of 604.38 crore across a network of 45 warehouses in 21 cities with 1,54,319 pallets as of 31 March 2026. Its annual report calls it a market leader in India's organised cold-chain industry, and it is a subsidiary of Gateway Distriparks Limited.^[1][2]

Business segments

Warehousing Services: Rs 253.18 cr revenue, 41.9% of the total in FY26, vs Rs 226.64 cr in FY25.^[3][4]
Trading and Distribution (5PL): Rs 225.02 cr revenue, 37.2% of the total in FY26, vs Rs 183.68 cr in FY25.^[3][4]
Transportation Services: Rs 126.19 cr revenue, 20.9% of the total in FY26, vs Rs 142.21 cr in FY25. Some businesses moved from a 3PL to a 5PL model.^[3][4][5]
Q1 FY27 growth from a year earlier: warehousing up 12.6% to Rs 71 cr, transportation up 8.7%, trading and distribution up 6.2%.^[6]

Services

Offers temperature-controlled and dry warehousing, refrigerated transportation, 5PL and supply chain management services in India.^[1]
Dry pallets made up 9-10% of capacity in Q4 FY26. Management is cutting this share in favour of frozen cargo.^[5]
Dry pallet prices were INR 850-1,000 in Q3 FY26, up from INR 600-700 earlier.^[7]

Network and capacity

As of 31 March 2026: 45 warehouses in 21 cities with 1,54,319 pallets.^[1]
Warehouse utilisation was 88% in Q1 FY27. It averaged 86-87% in FY26, against 84% in Q3 FY26 and 82% in Q2 FY26.^[6][5][7][8]
Fleet of 600+ vehicles in Q1 FY27; the FY26 annual report describes 600+ reefer vehicles.^[6][1]
Handled an average of 170,000+ pallets a month in Q1 FY27, vs 150,000+ in Q4 FY26.^[6][5]
Management put capacity at about 160,000 pallets in Q4 FY26, against about 80,000 for the next competitor. It estimated a 3-4% share of the overall market, including unorganised players.^[5]

Pricing

Most warehousing customers accepted price rises of 5-7% on average in Q1 FY27.^[6]
Every warehousing contract renewed in the 5-6 months before the Q3 FY26 call carried a price rise.^[7]
The 5PL service margin was 5-6% in Q1 FY27.^[6]

Customers

Customers come from pharma, meat and poultry, seafood, fresh produce, ice cream, confectionery, dairy, QSR, ready-to-eat meals, processed foods and industrial goods.^[1]
No customer accounts for more than 10% of revenue from operations, as of FY26.^[1]
All revenue is earned in India, as of FY26.^[1]
Named clients include Unilever, which added a new location in Q2 FY26, and Kopi Kenangan, a 5PL client opening new cafés (Q3 FY26).^[8][7]

Expansion and capex

In FY26 the company commissioned four facilities, at Kolkata, Krishnapatnam, Kundli and Jaipur, adding about 17,000 pallet positions.^[1][5]
Build-to-suit (BTS) sites under construction in Q1 FY27: Pune (5,904 pallets), Patna (6,444 pallets) and Hyderabad (10,000 pallets).^[6]
Management plans to add about 24,000 pallets by the end of FY27, and similar amounts in later years.^[6]
FY27 capex is guided at about Rs 50 cr, covering BTS leases, one owned warehouse or land purchase, and more vehicles.^[5]
Management targets 2,00,000+ pallets of total capacity in the next 2-3 years (stated in Q3 FY26).^[7]

Recent developments

02 Oct 2026: The Income Tax Department issued a penalty demand of Rs 2,06,56,802 for Assessment Year 2024-25. The company plans to appeal.^[9]
Q1 FY27: An exceptional charge of about Rs 1.6 cr arose from a revised salary structure.^[6]
Q3 FY26: An exceptional charge of Rs 2.8 cr related to the Labour Code.^[7]

Market Cap

₹560 Cr

High / Low

₹53 / 31

Stock P/E

104.7

Price / Book

1.4

Book Value

₹24

EPS

₹0.2

No. of Shares

16.71 Cr

ROCE

4.5%

ROE

0.8%

OPM

4.4%

Debt / Equity

0.23

Sales

₹604 Cr

Net Profit

₹3 Cr

Promoter holding

50.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

Snowman Logistics Ltd(SNOWMAN)

About

Business segments

Services

Network and capacity

Pricing

Customers

Expansion and capex

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions