Ashapura Logistics share price & results
- Mar 2026
- Jun 2026
Ahmedabad-based logistics company providing domestic road transportation, clearing & forwarding (C&F), and warehousing services via an owned commercial-vehicle fleet.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 121 | +14.2% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 8.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.0 | −66.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −5.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -5.08 | +20.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +22.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −11.8% 1Y
1Y: ₹68 on 24 Oct 2025 → ₹60. High ₹75.05 (21 Nov 2025), low ₹50 (2 Jul 2026).
- Previous close
- ₹59
- Market cap
- ₹81 Cr
- 52-week range
- ₹50 – ₹75.05
- One year
- −11.76%
- Price to earnings (FY ending Mar 2026)
- 9.12×
- Return on equity (FY ending Mar 2026)
- 6.58%
Overview
- Symbol
- NSE:ASHALOG
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Ashapura Logistics Limited does
Based on the company's own presentations, annual report and earnings calls.
Ashapura Logistics Limited (formerly Ashapura Forwarders Limited) is a logistics company headquartered in Ahmedabad, Gujarat, offering domestic transportation, clearing & forwarding (C&F), and warehousing services. It operates and is expanding an owned fleet of commercial vehicles (trucks) to serve its transportation and C&F business. The company is also building out its warehousing footprint, with a new facility coming up at Mundra and further facilities planned at Bangalore and Chennai. It operates through subsidiaries/JV entities including Jai Ambe Transmovers Private Limited, Ashapura Warehousing Private Limited, and Amanzi International Private Limited.
Segments
- Transportation
- Clearing & Forwarding (C&F)
- Warehousing
- Owned commercial-vehicle fleet
- ~321 vehicles (as of Sep 2025)
- New vehicles added, FY2024-25
- 75 commercial vehicles
- Fleet additions, H1 FY2025-26
- 15 vehicles
- Warehousing facility (Mundra)
- Under construction; operational from Nov 2025
- Business segments
- Transportation, Clearing & Forwarding, Warehousing
- Subsidiaries & JV entities
- 3 (Jai Ambe Transmovers, Ashapura Warehousing, Amanzi International)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −67% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 64 | 81 | 69 | 106 | 130 | 121 |
| Expenses | 58 | 73 | 65 | 95 | 117 | 112 |
| Operating profit | 7 | 8 | 5 | 12 | 13 | 9 |
| Operating margin | 10.0% | 10.0% | 6.0% | 11.0% | 10.0% | 8.0% |
| Other income | 0 | 0 | 0 | 2 | 1 | 1 |
| Interest | 1 | 2 | 2 | 2 | 3 | 3 |
| Depreciation | 1 | 2 | 1 | 3 | 4 | 5 |
| Profit before tax | 4 | 5 | 2 | 8 | 7 | 2 |
| Tax rate | 26.0% | 26.0% | 26.0% | 26.0% | 26.0% | 27.0% |
| Net profit | 3 | 4 | 1 | 6 | 5 | 2 |
| EPS (₹ per share) | — | 3.95 | 0.94 | 4.23 | 3.81 | 1.17 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 10 | 14 | 14 | 14 |
| Reserves | 32 | 40 | 42 | 98 | 124 | 105 |
| Borrowings | 32 | 29 | 40 | 59 | 74 | 75 |
| Other liabilities | 22 | 15 | 12 | 13 | 32 | 28 |
| Total liabilities | 86 | 84 | 104 | 184 | 243 | 221 |
| Fixed assets | 11 | 11 | 17 | 42 | 61 | 50 |
| Capital work in progress | 0 | 0 | 0 | 6 | 15 | 27 |
| Investments | 3 | 4 | 4 | 9 | 0 | 4 |
| Other assets | 72 | 69 | 83 | 127 | 167 | 140 |
| Total assets | 86 | 84 | 104 | 184 | 243 | 221 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | 1 | 10 | 2 | -24 | 20 |
| Cash from investing | -2 | -3 | -8 | -49 | -30 |
| Cash from financing | 1 | -7 | 10 | 71 | 10 |
| Net cash flow | 0 | 0 | 4 | -3 | -1 |
| Free cash flow | -1 | 8 | -6 | -60 | -18 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 149 | 121 | 111 | 148 | 170 | 123 |
| Cash conversion cycle | 149 | 121 | 111 | 148 | 170 | 123 |
| Working capital days | 43 | 48 | 47 | 67 | 105 | 50 |
| Return on capital employed | — | 20.0% | 19.0% | 16.0% | 10.0% | 9.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Gujarat contributes 78.5% of reported segment revenue.
Year ended 31 Mar 2026 · Consolidated
- Gujarat 78.5%
₹295.31 crore
- Maharashtra 11.4%
₹42.83 crore
- Tamil Nadu 6.8%
₹25.48 crore
- Karnataka 3.4%
₹12.71 crore
- Punjab 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Gujarat | 295.31 | 78.5% |
| Maharashtra | 42.83 | 11.4% |
| Tamil Nadu | 25.48 | 6.8% |
| Karnataka | 12.71 | 3.4% |
| Punjab | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹376.33 crore
- Intersegment adjustment
- ₹57.75 crore
- Net segment revenue
- ₹318.58 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
- Growth the price implies
- -6.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 68.03% as of Jun 2026; institutions cut 0.44 pts since Mar 2026.
- Promoters 68.03%
- Foreign institutions 1.05%
- Domestic institutions 0.81%
- Public 30.11%
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.
- newly disclosed 2.40% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ashapura Logistics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 49.10% | unchanged | |
| 18.93% | unchanged | |
| 3.31% | unchanged | |
| 2.40% | newly disclosed | |
| Corporate | 1.35% | unchanged |
| AIF | — | 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.
Your own record
Start an Inve Case for Ashapura Logistics Limited
Free account: one company. Everything above stays public.
Write why you follow Ashapura Logistics Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Services companies
Learn to analyse Ashapura Logistics Limited
Guides on how to read this kind of business and the numbers that matter.