Logistics Solution Provider industry

88 companies · ₹1.7 L cr · 19 with AI deep dives · Q1FY27 report

Hormuz shock cleaves EXIM from domestic: surface and express hold while container operators absorb the blow

In downturnmargin has fallen for 3 quarters to 11.1% and revenue is shrinking
Revenue YoY
-4.9%
EBITDA margin
11.1%
+210bps YoY
Price, 1 year
-9.6%
32% of names up
P/E vs own 5y
+3.6%
35.8x now

Exhibit 1The quarter in numbers

constant panel of 19 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
17,178 cr
Mar 26
16,566 cr
QoQ
+3.7%
Jun 25
18,061 cr
YoY
-4.9%
Peak
18,565 cr
vs peak
-7.5%
EBITDA margin
Jun 26
11.1%
Mar 26
11.4%
QoQ
-30bps
Jun 25
9.0%
YoY
+210bps
Peak
12.1%
vs peak
-100bps

Breadth: 81% of 21 companies grew revenue year on year (was 74% a quarter earlier) and 57% expanded margin (was 68%).

Exhibit 2What it costs

23.06x - 71.51x across the panel today

The median name trades at 35.8x, +3.6% against this industry's own 5-year median of 34.5x, and -33.6% against its own peak of 53.9x.

Exhibit 3Structure

₹1.7 L cr

Container Corporation Of India Ltd is 23.4% of this industry by market cap. The top 5 are 65.5% and the top 10 are 81.2%.

mid 4small 14micro 7029 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 35.8x, 5y ROCE above its median of 13.28%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

See plans

Exhibit 5Coverage (25 of 88)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹38,066 cr
P/E
31.0x
EV/EBITDA
16.5x
ROCE
12.3%
Margin
24.5%
Rev YoY
+0.3%
Mcap
₹32,844 cr
P/E
-
EV/EBITDA
33.8x
ROCE
2.6%
Margin
8.3%
Rev YoY
+27.8%
Mcap
₹14,887 cr
P/E
133.1x
EV/EBITDA
60.0x
ROCE
6.7%
Margin
5.9%
Rev YoY
-
Mcap
₹11,480 cr
P/E
40.2x
EV/EBITDA
12.3x
ROCE
16.9%
Margin
15.9%
Rev YoY
+15.0%
Mcap
₹6,569 cr
P/E
14.3x
EV/EBITDA
12.0x
ROCE
15.2%
Margin
11.4%
Rev YoY
+9.6%
Mcap
₹5,779 cr
P/E
88.4x
EV/EBITDA
7.7x
ROCE
7.4%
Margin
8.1%
Rev YoY
+28.7%
Mcap
₹5,040 cr
P/E
18.9x
EV/EBITDA
8.2x
ROCE
20.5%
Margin
21.0%
Rev YoY
+18.1%
Mcap
₹4,421 cr
P/E
37.6x
EV/EBITDA
18.8x
ROCE
24.4%
Margin
40.5%
Rev YoY
+48.1%
Mcap
₹3,961 cr
P/E
103.0x
EV/EBITDA
10.4x
ROCE
6.4%
Margin
5.8%
Rev YoY
+23.3%
Mcap
₹2,666 cr
P/E
11.0x
EV/EBITDA
6.0x
ROCE
11.0%
Margin
22.2%
Rev YoY
-0.2%
Mcap
₹1,963 cr
P/E
24.9x
EV/EBITDA
14.4x
ROCE
12.6%
Margin
11.1%
Rev YoY
+9.3%
Mcap
₹1,820 cr
P/E
61.5x
EV/EBITDA
7.2x
ROCE
7.0%
Margin
13.6%
Rev YoY
-85.7%
Mcap
₹1,403 cr
P/E
35.4x
EV/EBITDA
13.0x
ROCE
3.7%
Margin
18.1%
Rev YoY
+38.1%
Mcap
₹891 cr
P/E
23.3x
EV/EBITDA
11.1x
ROCE
8.0%
Margin
5.4%
Rev YoY
+11.8%
Mcap
₹602 cr
P/E
112.7x
EV/EBITDA
7.6x
ROCE
3.5%
Margin
15.7%
Rev YoY
+9.2%
Mcap
₹544 cr
P/E
25.3x
EV/EBITDA
10.5x
ROCE
10.8%
Margin
7.8%
Rev YoY
-
Mcap
₹503 cr
P/E
19.5x
EV/EBITDA
13.8x
ROCE
36.1%
Margin
11.5%
Rev YoY
-
Mcap
₹340 cr
P/E
12.3x
EV/EBITDA
4.6x
ROCE
16.1%
Margin
19.3%
Rev YoY
+6.0%
Mcap
₹294 cr
P/E
-
EV/EBITDA
9.9x
ROCE
-14.2%
Margin
-2.4%
Rev YoY
+48.8%
Mcap
₹9,710 cr
P/E
-
EV/EBITDA
-
ROCE
-
Margin
-
Rev YoY
-
Mcap
₹3,716 cr
P/E
47.6x
EV/EBITDA
55.7x
ROCE
2.3%
Margin
15.5%
Rev YoY
-21.8%
Mcap
₹1,890 cr
P/E
-
EV/EBITDA
-
ROCE
-
Margin
-
Rev YoY
-
Mcap
₹1,500 cr
P/E
-
EV/EBITDA
-
ROCE
-
Margin
-
Rev YoY
-
Mcap
₹1,071 cr
P/E
88.8x
EV/EBITDA
-
ROCE
2.9%
Margin
22.5%
Rev YoY
-30.7%
Mcap
₹972 cr
P/E
71.5x
EV/EBITDA
9.9x
ROCE
2.9%
Margin
6.3%
Rev YoY
-12.5%

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-06-30
headwindFuel cost spike with pass-through lag is the near-universal margin headwind7 managements

Diesel rose roughly 13% YoY for surface operators (VRL diesel cost ₹83 to ₹94/litre) and ATF surged ~50%+ affecting air logistics players. Contracts across the sector carry a…

  • VRLLOG: “The fuel procurement cost per liter is increased from Rs. 83 to Rs. 94... No Bulk…
5 more themes from this quarter's earnings calls are locked. A free account opens 3 full reports a quarter: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

Create a free account

AppendixThe other 63 companies

1-30
sort: mcap · composite · name
Mcap
₹956 cr
P/E
43.4x
EV/EBITDA
10.0x
ROCE
16.5%
Margin
18.4%
Rev YoY
+31.5%
Mcap
₹902 cr
P/E
127.3x
EV/EBITDA
16.8x
ROCE
14.0%
Margin
26.6%
Rev YoY
-
Mcap
₹860 cr
P/E
27.2x
EV/EBITDA
12.7x
ROCE
14.3%
Margin
6.7%
Rev YoY
+3.0%
Mcap
₹790 cr
P/E
22.1x
EV/EBITDA
7.2x
ROCE
20.1%
Margin
41.4%
Rev YoY
+35.9%
Mcap
₹668 cr
P/E
16.0x
EV/EBITDA
-
ROCE
4.0%
Margin
63.7%
Rev YoY
+4.2%
Mcap
₹508 cr
P/E
13.0x
EV/EBITDA
19.4x
ROCE
26.1%
Margin
11.5%
Rev YoY
-
Mcap
₹503 cr
P/E
7.0x
EV/EBITDA
5.1x
ROCE
29.5%
Margin
18.4%
Rev YoY
+33.6%
Mcap
₹479 cr
P/E
14.2x
EV/EBITDA
9.5x
ROCE
27.3%
Margin
13.7%
Rev YoY
-
Mcap
₹419 cr
P/E
39.1x
EV/EBITDA
26.0x
ROCE
15.5%
Margin
6.7%
Rev YoY
+20.3%
Mcap
₹400 cr
P/E
27.8x
EV/EBITDA
11.5x
ROCE
1.8%
Margin
9.0%
Rev YoY
+23.2%
Mcap
₹295 cr
P/E
99.3x
EV/EBITDA
48.7x
ROCE
11.4%
Margin
5.4%
Rev YoY
+285.4%
Mcap
₹293 cr
P/E
23.7x
EV/EBITDA
12.6x
ROCE
16.2%
Margin
18.5%
Rev YoY
+44.1%
Mcap
₹283 cr
P/E
14.6x
EV/EBITDA
9.9x
ROCE
13.0%
Margin
6.8%
Rev YoY
+104.7%
Mcap
₹203 cr
P/E
12.5x
EV/EBITDA
10.1x
ROCE
10.6%
Margin
7.0%
Rev YoY
+25.8%
Mcap
₹203 cr
P/E
24.1x
EV/EBITDA
14.1x
ROCE
8.2%
Margin
7.4%
Rev YoY
+9.4%
Mcap
₹189 cr
P/E
39.1x
EV/EBITDA
11.2x
ROCE
15.2%
Margin
12.1%
Rev YoY
+5.0%
Mcap
₹171 cr
P/E
11.0x
EV/EBITDA
6.6x
ROCE
21.0%
Margin
13.8%
Rev YoY
+47.9%
Mcap
₹161 cr
P/E
28.0x
EV/EBITDA
-
ROCE
21.1%
Margin
5.7%
Rev YoY
-0.7%
Mcap
₹153 cr
P/E
15.5x
EV/EBITDA
11.0x
ROCE
26.4%
Margin
6.6%
Rev YoY
-
Mcap
₹124 cr
P/E
-
EV/EBITDA
40.6x
ROCE
2.5%
Margin
4.6%
Rev YoY
-9.4%
Mcap
₹123 cr
P/E
13.4x
EV/EBITDA
8.7x
ROCE
14.5%
Margin
3.0%
Rev YoY
+31.3%
Mcap
₹121 cr
P/E
14.2x
EV/EBITDA
7.4x
ROCE
11.7%
Margin
13.6%
Rev YoY
+12.9%
Mcap
₹117 cr
P/E
8.2x
EV/EBITDA
7.6x
ROCE
31.8%
Margin
9.2%
Rev YoY
-
Mcap
₹116 cr
P/E
-
EV/EBITDA
38.5x
ROCE
-1.8%
Margin
1.4%
Rev YoY
-3.3%
Mcap
₹113 cr
P/E
14.2x
EV/EBITDA
7.8x
ROCE
20.1%
Margin
15.7%
Rev YoY
-
Mcap
₹103 cr
P/E
7.8x
EV/EBITDA
5.4x
ROCE
18.4%
Margin
7.9%
Rev YoY
-42.1%
Mcap
₹96 cr
P/E
7.6x
EV/EBITDA
6.0x
ROCE
17.1%
Margin
7.6%
Rev YoY
+8.2%
Mcap
₹94 cr
P/E
16.6x
EV/EBITDA
4.4x
ROCE
12.9%
Margin
28.4%
Rev YoY
-
Mcap
₹93 cr
P/E
11.1x
EV/EBITDA
7.5x
ROCE
7.0%
Margin
3.7%
Rev YoY
-
Mcap
₹93 cr
P/E
12.2x
EV/EBITDA
8.1x
ROCE
23.9%
Margin
4.5%
Rev YoY
+49.5%

33 more companies

This industry has 63 constituents beyond the covered names. The first page is free; premium opens the rest.

See plans