ATL

Allcargo Terminals financials

Market cap
₹631 Cr
Sector
Services
Calls analysed
7
Latest concall · Q1 FY27 · call held 12 Aug 2026

Allcargo Terminals Limited Q1 FY27

Revenue ₹214 cr +14%EBITDA ₹47 cr +34%PAT ₹6 cr −33%

What went well

  • Container volumes grew 7.2% year-on-year to 1,76,499 TEUs, demonstrating business resilience despite global uncertainties.
  • Revenue for Q1 FY27 increased to INR 214 crores, up 14.5% from INR 187 crores in Q1 FY26.
  • EBITDA (excluding other income) rose to INR 47 crores in Q1 FY27, a 34.3% increase compared to INR 35 crores in Q1 FY26, reflecting improved profitability.

What to watch

  • Net Profit (PAT) for Q1 FY27 was INR 6 crores, a decrease of 33.3% from INR 9 crores in Q1 FY26 and Q4 FY26.
  • PAT was impacted by tax on dividend from joint venture companies and previous year's tax adjustments.
Read the full call →

What Allcargo Terminals Limited does

Allcargo Terminals operates Container Freight Stations (CFS) and an Inland Container Depot (ICD) that handle import/export container cargo on behalf of shipping lines, exporters and importers, located close to major ports at JNPT/Mumbai, Mundra, Chennai and Kolkata, plus a rail-linked ICD at Dadri (JV with CONCOR). Facilities provide stuffing/de-stuffing (LCL and FCL), cargo consolidation, bonded and non-bonded warehousing, customs-related services and multimodal cargo handling (including reefer, ODC, hazardous and project cargo) under an asset-right model. Part of the Allcargo Group, ATL earns service fees for storage, handling and ancillary EXIM services rather than owning the cargo, supported by its myCFS digital portal for online documentation, tracking and payments.

Segments

  • CFS (Container Freight Station)
  • ICD (Inland Container Depot)
  • Warehousing
CFS/ICD facilities
7 (6 CFS + 1 ICD) across JNPT, Mundra, Chennai, Kolkata and Dadri
Installed throughput capacity
1,000,000 TEUs/year
FY26 volumes handled (CFS+ICD)
723,035 TEUs
Total facility acreage
203 acres
CFS market share (pan-India)
~13%
Employees
2,350+ (355 on-roll & 2,000+ contracted)
Founded 2003Headquarters Mumbai, Maharashtra, IndiaEmployees 2,350 (FY26) Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 3 delivered 1 missed 10 open
  • EBITDA per TEU delivered said Q4 FY25 Promised: Maintain EBITDA per TEU at the current level (approx INR 2,184) Q1 FY27: Q1 FY27 EBITDA per TEU reached INR 2,898, significantly exceeding the original target and all subsequent upward revisions.
  • Mundra Expansion Phase 1 missed said Q4 FY25 Promised: Will happen in Q4 of '25, '26 Q1 FY27: The original deadline remains missed. The project is now part of a longer-term capex plan with no specific new timeline.
  • JNPT Speedy Facility Upgrade Completion delayed said Q3 FY26 Promised: expect the finalization of the scope of work, everything to happen by March, and maybe another 3-4 months for completing the necessary work. Q1 FY27: Completion timeline further delayed from Q3 FY27 to Jan-Feb 2027 (Q4 FY27).

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 14.5%, net profit down 30.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue195 187 186 187 207 +6%218 +17%208 +12%214 +15%
EBITDA32 32 34 35 40 +24%43 +31%44 +31%47 +37%
Net profit11 12 -2 9 11 −0%15 +28%9 +465%6 −30%
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 −10.5% 1Y

₹20.0₹25.0₹30.0₹35.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 12 Aug 2026

1Y: ₹28.14 on 10 Sept 2025 → ₹25.18. High ₹38.39 (25 Sept 2025), low ₹18.68 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+0.3%
12 Aug
Q4 FY26
+5.3%
22 May
Q3 FY26
+6.4%
11 Feb
Q2 FY26
−4.5%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 5.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 19.7%.

Year endingFY23FY24FY25FY26
Revenue₹706 Cr₹733 Cr₹758 Cr₹821 Cr
Operating profit₹144 Cr₹117 Cr₹128 Cr₹162 Cr
Operating margin20.4%16.0%17.0%19.7%
Interest₹31 Cr₹28 Cr₹34 Cr₹58 Cr
Depreciation₹51 Cr₹54 Cr₹56 Cr₹68 Cr
Net profit₹58 Cr₹45 Cr₹30 Cr₹44 Cr
Net margin8.3%6.1%4.0%5.4%
Cash from operations₹125 Cr₹99 Cr₹108 Cr₹157 Cr
Free cash flow₹114 Cr₹77 Cr₹102 Cr₹145 Cr
ROCE28.0%12.0%12.0%12.0%
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 endingFY22FY23FY24FY25FY26
Equity capital₹0 Cr₹0 Cr₹49 Cr₹50 Cr₹52 Cr
Reserves₹3 Cr₹206 Cr₹189 Cr₹258 Cr₹300 Cr
Borrowings₹113 Cr₹414 Cr₹419 Cr₹644 Cr₹769 Cr
Other liabilities₹72 Cr₹154 Cr₹125 Cr₹130 Cr₹127 Cr
Total liabilities₹188 Cr₹774 Cr₹782 Cr₹1.1k Cr₹1.2k Cr
Fixed assets₹97 Cr₹508 Cr₹498 Cr₹653 Cr₹834 Cr
Capital work in progress₹0 Cr₹1 Cr₹0 Cr₹2 Cr₹2 Cr
Investments₹0 Cr₹36 Cr₹72 Cr₹199 Cr₹192 Cr
Other assets₹91 Cr₹230 Cr₹211 Cr₹229 Cr₹220 Cr
Total assets₹188 Cr₹774 Cr₹782 Cr₹1.1k Cr₹1.2k 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 Jun 2025, the public trimmed −1.51 pp while promoters added +1.35 pp. The shareholder count shrank 6% to 73,943.

Promoters
67.2%
FIIs
5.3%
DIIs
0.2%
Public
27.3%

Since Jun 2025

  • Public −1.51 pp
  • Promoters +1.35 pp
  • DIIs +0.18 pp

How it drifted, 12 quarters

Over this window the public went from 19.9% to 27.3% — +7.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 69.9%, FIIs 8.2%, DIIs 1.9%, Public 19.9%.Dec '23: Promoters 69.9%, FIIs 7.6%, DIIs 0.8%, Public 21.7%.Mar '24: Promoters 69.9%, FIIs 7.0%, Public 23.0%.Jun '24: Promoters 68.1%, FIIs 7.0%, Public 24.9%.Sep '24: Promoters 67.5%, FIIs 6.8%, Public 25.6%.Dec '24: Promoters 67.5%, FIIs 6.8%, Public 25.6%.Mar '25: Promoters 67.5%, FIIs 6.2%, Public 26.2%.Jun '25: Promoters 65.8%, FIIs 5.4%, DIIs 0.0%, Public 28.8%.Sep '25: Promoters 65.8%, FIIs 5.3%, DIIs 0.1%, Public 28.8%.Dec '25: Promoters 67.2%, FIIs 5.3%, DIIs 0.1%, Public 27.4%.Mar '26: Promoters 67.2%, FIIs 5.3%, DIIs 0.2%, Public 27.3%.Jun '26: Promoters 67.2%, FIIs 5.3%, DIIs 0.2%, Public 27.3%.

Who was buying across the market this quarter →

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.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Allcargo Terminals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shashi Kiran Shetty 59.41%unchanged
Shloka Shetty Trust ( Shashi Kiran Shetty as a Trustee) 2.96%unchanged
Arathi Shetty 2.92%unchanged
Ashish Chandna 2.88%unchanged
Acacia Partners, Lp FPI fund1.93%unchanged
Adarsh Sudhakar Hegde 1.80%unchanged
Acacia Conservation Fund Lp FPI fund1.59%unchanged
Divya Jigar Sanghvi 1.46%unchanged
Acacia Institutional Partners, Lp FPI fund1.26%unchanged
Priya Adarsh Hegde 0.08%unchanged
Transindia Freight Services Private Limited 0.00%unchanged
Alltrans Logistics Private Limited 0.00%unchanged

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 trap

To justify its price of ₹25, this stock must grow earnings at 11% every year for 7 years. Our analysis caps realistic growth at ~-8%. At that growth it is worth ₹9 — downside of 65%.

Growth the price implies
10.8% a year
for 7 years, fading to 4%
It has actually compounded at
-10.1% a year
net profit, FY23–FY26 · EPS -8.4%
The gap
0.2 pp
-65% downside if it only repeats history
Price today ₹25.18 Value at the reference growth ₹8.85

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Allcargo Terminals Limited

Guides on how to read this kind of business and the numbers that matter.