ASHALOG
Ashapura Logistics financials
- Market cap
- ₹81 Cr
- Sector
- Services
What Ashapura Logistics Limited does
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)
Quarterly results
Q4 FY26: revenue up 49.4%, net profit down 50.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 64 | 81 | 69 | 106 | 130 +103% | 121 +49% |
| EBITDA | 7 | 8 | 5 | 12 | 13 +86% | 9 +13% |
| Net profit | 3 | 4 | 1 | 6 | 5 +67% | 2 −50% |
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 −10.2% 1Y
1Y: ₹66.8 on 10 Sept 2025 → ₹60. High ₹88.8 (16 Sept 2025), low ₹50 (2 Jul 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹32 Cr | ₹40 Cr | ₹42 Cr | ₹124 Cr | ₹105 Cr |
| Borrowings | ₹32 Cr | ₹29 Cr | ₹40 Cr | ₹74 Cr | ₹75 Cr |
| Other liabilities | ₹22 Cr | ₹15 Cr | ₹12 Cr | ₹32 Cr | ₹28 Cr |
| Total liabilities | ₹86 Cr | ₹84 Cr | ₹104 Cr | ₹243 Cr | ₹221 Cr |
| Fixed assets | ₹11 Cr | ₹11 Cr | ₹17 Cr | ₹61 Cr | ₹50 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹15 Cr | ₹27 Cr |
| Investments | ₹3 Cr | ₹4 Cr | ₹4 Cr | ₹0 Cr | ₹4 Cr |
| Other assets | ₹72 Cr | ₹69 Cr | ₹83 Cr | ₹167 Cr | ₹140 Cr |
| Total assets | ₹86 Cr | ₹84 Cr | ₹104 Cr | ₹243 Cr | ₹221 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
Since Mar 2025, FIIs trimmed −1.19 pp while the public added +1.10 pp. The shareholder count shrank 18% to 1,274.
- Promoters
- 68.0%
- FIIs
- 1.1%
- DIIs
- 0.8%
- Public
- 30.1%
Since Mar 2025
- FIIs −1.19 pp
- Public +1.10 pp
- DIIs +0.09 pp
How it drifted, 5 quarters
Over this window FIIs fell from 4.3% to 1.1% — −3.2 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 67.5%, FIIs 4.3%, DIIs 0.8%, Public 27.4%.Mar '25: Promoters 68.0%, FIIs 2.2%, DIIs 0.7%, Public 29.0%.Sep '25: Promoters 68.0%, FIIs 1.2%, DIIs 1.4%, Public 29.4%.Mar '26: Promoters 68.0%, FIIs 1.1%, DIIs 1.2%, Public 29.7%.Jun '26: Promoters 68.0%, FIIs 1.1%, DIIs 0.8%, Public 30.1%.
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.
- Huf 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 |
|---|---|---|
| Kurup Chitra Sujith | 49.10% | unchanged |
| Sujith Chandrasekhar Kurup | 18.93% | unchanged |
| Chetan Ramesh Thakkar | 3.31% | unchanged |
| Huf | 2.40% | newly disclosed |
| Spread X Securities Private Limited Corporate | 1.35% | unchanged |
| Arya Sujith Kurup | 0.00% | unchanged |
| Aarth AIF Growth Fund 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.
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
Learn to analyse Ashapura Logistics Limited
Guides on how to read this kind of business and the numbers that matter.