ARSHIYA
Arshiya financials
- Market cap
- ₹20 Cr
- Sector
- Services
What Arshiya Limited does
Arshiya Limited builds and operates integrated supply-chain and logistics infrastructure in India, centered on two Free Trade Warehousing Zones (FTWZs) — bonded, duty-deferred warehousing complexes for import/export cargo — located near Mumbai (West India) and near Delhi (North India). It also runs private container-train operations (among the largest Private Container Train Operators in India) using its own rail rolling stock, alongside an Inland Container Depot (ICD), a rail terminal, and domestic warehousing and transport/handling services linked to major ports such as JNPT, Mundra and Pipavav. Per its FY2024-25 annual report, Arshiya Limited (and its guarantor exposure to subsidiary Arshiya Northern FTWZ Limited) is under Corporate Insolvency Resolution Process (CIRP).
Segments
- Free Trade Warehousing Zone (FTWZ)
- Rail & Rail Infrastructure
- Inland Container Depot (ICD)
- Transport & Handling
- Domestic Warehousing
- Free Trade Warehousing Zones (FTWZs) operated
- 2 (only private FTWZ developer operating two zones)
- Private container-train rail rolling stock
- 18 rakes, ~3,000 containers
- Rail infrastructure at North India ICD/rail terminal
- ~9.10 km rail siding, 6 rail lines
- Container stocking capacity (Panvel FTWZ)
- 8,000+ containers (6-level storage)
- North India logistics park area
- ~300 acres (FTWZ, ICD & Rail Terminal)
- Warehousing space under monetization (Panvel FTWZ)
- 6 warehouses, 832,000 sq. ft.
Quarterly results
Q4 FY24: revenue down 2.9%, net profit down 1914.2% against the same quarter last year.
| Line item | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 37 | 37 | 35 | 36 +3% | 40 +8% | 41 +11% | 34 −3% |
| EBITDA | 19 | 10 | 13 | 5 | -27 −242% | 23 +130% | 22 +69% | 4 −20% |
| Net profit | 47 | -65 | -51 | -120 | -102 −317% | -54 +17% | -125 −145% | -2,417 −1914% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −60.8% 1Y
1Y: ₹1.94 on 10 Sept 2025 → ₹0.76. High ₹2.09 (12 Sept 2025), low ₹0.71 (2 Sept 2026).
Financials, as filed
Revenue fell 0.3% a year over 2 years, FY22 to FY24. Operating margin narrowed to 14.6%.
| Year ending | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | ₹152 Cr | ₹144 Cr | ₹151 Cr |
| Operating profit | ₹77 Cr | ₹47 Cr | ₹22 Cr |
| Operating margin | 50.7% | 32.6% | 14.6% |
| Interest | ₹200 Cr | ₹253 Cr | ₹415 Cr |
| Depreciation | ₹82 Cr | ₹84 Cr | ₹102 Cr |
| Net profit | ₹375 Cr | ₹-189 Cr | ₹-2.7k Cr |
| Net margin | 246.7% | -131.2% | -1786.8% |
| Cash from operations | ₹70 Cr | ₹100 Cr | ₹95 Cr |
| Free cash flow | ₹68 Cr | ₹55 Cr | ₹94 Cr |
| ROCE | 8.0% | -2.0% | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Equity capital | ₹49 Cr | ₹52 Cr | ₹52 Cr | ₹52 Cr | ₹53 Cr | ₹53 Cr |
| Reserves | ₹486 Cr | ₹71 Cr | ₹-168 Cr | ₹260 Cr | ₹105 Cr | ₹-3.2k Cr |
| Borrowings | ₹1.8k Cr | ₹2.0k Cr | ₹1.3k Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.8k Cr |
| Other liabilities | ₹695 Cr | ₹947 Cr | ₹793 Cr | ₹509 Cr | ₹603 Cr | ₹3.9k Cr |
| Total liabilities | ₹3.1k Cr | ₹3.1k Cr | ₹1.9k Cr | ₹1.9k Cr | ₹1.8k Cr | ₹2.6k Cr |
| Fixed assets | ₹2.6k Cr | ₹2.6k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.3k Cr | ₹2.1k Cr |
| Capital work in progress | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹433 Cr | ₹470 Cr | ₹502 Cr | ₹417 Cr | ₹499 Cr | ₹478 Cr |
| Total assets | ₹3.1k Cr | ₹3.1k Cr | ₹1.9k Cr | ₹1.9k Cr | ₹1.8k Cr | ₹2.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 30,139.
- Promoters
- 14.4%
- DIIs
- 1.1%
- Public
- 84.6%
Since Jun 2025
- Public −0.02 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 72.7% to 84.6% — +11.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 25.8%, FIIs 0.5%, DIIs 1.1%, Government 0.0%, Public 72.7%.Dec '23: Promoters 14.4%, DIIs 1.1%, Government 0.0%, Public 84.5%.Mar '24: Promoters 14.4%, FIIs 0.1%, DIIs 1.1%, Government 0.0%, Public 84.5%.Jun '24: Promoters 14.4%, FIIs 0.1%, DIIs 1.1%, Government 0.0%, Public 84.5%.Sep '24: Promoters 14.4%, FIIs 0.0%, DIIs 1.1%, Public 84.5%.Dec '24: Promoters 14.4%, FIIs 0.0%, DIIs 1.1%, Public 84.5%.Mar '25: Promoters 14.4%, FIIs 0.0%, DIIs 1.1%, Public 84.5%.Jun '25: Promoters 14.4%, DIIs 1.1%, Public 84.6%.Sep '25: Promoters 14.4%, DIIs 1.1%, Public 84.6%.Dec '25: Promoters 14.4%, DIIs 1.1%, Public 84.6%.Mar '26: Promoters 14.4%, DIIs 1.1%, Public 84.6%.Jun '26: Promoters 14.4%, DIIs 1.1%, Public 84.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ajay Shankarlal Mittal newly disclosed 5.15% held
- Antique Securities Pvt Limited newly disclosed 2.23% held
- Zapfin Teknologies Private Limited +0.49 pp 2.63% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Arshiya Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Archana Mittal | 9.23% | unchanged |
| Ajay Shankarlal Mittal | 5.15% | newly disclosed |
| Zapfin Teknologies Private Limited | 2.63% | +0.49 pp |
| Antique Securities Pvt Limited | 2.23% | newly disclosed |
| Smita N Navare | 1.90% | unchanged |
| Krg Polychem Private Limited | 1.31% | unchanged |
| IDFC First Bank Limited Bank | 1.05% | unchanged |
| Ashish Anubhai Gopani Huf | 1.04% | unchanged |
| Ajay Shankarlal Mittal | — | off the list |
| Antique Securities Pvt Limited | — | off the list |
| Naishadh Jawahar Paleja - 2 | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Arshiya Limited
Guides on how to read this kind of business and the numbers that matter.