Chennai-based multimodal freight-forwarding and logistics company offering ocean, air and inland freight along with customs brokerage, warehousing and 3PL services.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 235 | +39.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 11.0 | −8.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Free cash flow margin | -10.93 | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. | |
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
2 of 5 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Sales Team Expansion | Team will start coming in maybe from end of Q3 FY26 or early Q4 FY26 in Gujarat, Maharashtra and New Delhi. | Q2 FY26 | Promise remains achieved. Management announced new expansion plans for other regions (Hyderabad, Kolkata), separate from this original promise. | Achieved |
| Trade Receivables | It will definitely come down in Q4, sir. | Q2 FY26 | The topic of trade receivables was not addressed in the Q1 FY27 call, after the promise to reduce them in Q4 FY26 was missed. | Missed |
| Asset Purchases (Trailers & Containers) | Both will get completed within Q4 of FY 2026. INR 130 odd crores in capex. | Q2 FY26 | Capex plan re-instated with a new deadline. Management now commits to deploying the full INR 132 crore by March FY27. Progress made in Q1 with the addition of 42 trailers. | Delayed |
3 of Glottis Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹74.53 on 24 Oct 2025 → ₹54.06. High ₹79.59 (27 Oct 2025), low ₹38.14 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Glottis Limited is an integrated logistics and freight-forwarding company that moves B2B cargo end-to-end from a shipper's overseas factory to the customer's project site. It provides full container load (FCL) and less-than-container load (LCL) ocean freight, air freight import/export handling, and inland road transportation (standard, specialised, last-mile, urban and rural delivery), alongside customs brokerage and supply-chain consulting. It also offers ancillary services such as general warehousing, cross-docking, 3PL and custom broking, serving customers across sectors including renewable energy, engineering products, granite & minerals, chemicals, agro products and automobiles.
Segments
close before → close after
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.
Guidance
2 of 5 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Sales Team Expansion | Team will start coming in maybe from end of Q3 FY26 or early Q4 FY26 in Gujarat, Maharashtra and New Delhi. | Q2 FY26 | Promise remains achieved. Management announced new expansion plans for other regions (Hyderabad, Kolkata), separate from this original promise. | Achieved |
| Trade Receivables | It will definitely come down in Q4, sir. | Q2 FY26 | The topic of trade receivables was not addressed in the Q1 FY27 call, after the promise to reduce them in Q4 FY26 was missed. | Missed |
| Asset Purchases (Trailers & Containers) | Both will get completed within Q4 of FY 2026. INR 130 odd crores in capex. | Q2 FY26 | Capex plan re-instated with a new deadline. Management now commits to deploying the full INR 132 crore by March FY27. Progress made in Q1 with the addition of 42 trailers. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 11 tracked commitments, with each call’s wording and source.
Call summaries
Glottis Limited Q1 FY27
Glottis Limited reported strong top-line growth in Q1 FY27, with revenue from operations increasing 39.5% YoY to ₹2,345 million. However, profitability was impacted by higher operating costs and competitive pricing, leading to an EBITDA margin of 6.9%. The company focused on customer acquisition, fleet expansion, and diversification across segments and geographies, while planning to fully deploy its ₹132 crore CAPEX by March FY27.
Read the full callGLOTTIS Q4 FY26
Glottis Limited reported Q4 FY26 revenue of INR 1,959 million and full-year FY26 revenue of INR 7,226 million, marking its first full financial year as a listed company. Despite challenging logistics and freight environments characterized by softer rates and lower volumes, the company achieved significant growth in air freight segments and improved its financial position, becoming net cash positive with an improved debt-to-equity ratio. However, profitability margins remained modest, and trade receivables increased due to extended credit terms for customer retention.
Read the full callGLOTTIS Q3 FY26
Glottis Limited reported a challenging Q3 FY26 with moderated revenue and profitability due to a soft market and price pressure. Despite these headwinds, the company maintained focus on customer engagement, disciplined cost control, and strategic expansion of its operating footprint. Management expressed optimism for Q4 FY26 and future growth, driven by diversification into new verticals like automotive and continued investment in assets.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 1 fiscal year held (Mar 2026 to Mar 2026).
Financials
Net profit, year on year: −8% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 287 | 198 | 307 | 168 | 215 | 144 | 196 | 235 |
| Expenses | 258 | 179 | 291 | 151 | 197 | 140 | 185 | 218 |
| Operating profit | 29 | 19 | 16 | 17 | 18 | 4 | 11 | 16 |
| Operating margin | 10.0% | 10.0% | 5.0% | 10.0% | 8.0% | 2.8% | 5.0% | 7.0% |
| Other income | 0 | 1 | 1 | 0 | 0 | 1 | 5 | 2 |
| Interest | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 2 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 28 | 18 | 15 | 16 | 17 | 4 | 14 | 15 |
| Tax rate | 27.0% | 25.0% | 27.0% | 26.0% | 27.0% | 30.0% | 22.0% | 27.0% |
| Net profit | 21 | 13 | 11 | 12 | 12 | 3 | 11 | 11 |
| EPS (₹ per share) | 2.57 | 1.68 | 1.42 | 1.49 | 1.54 | 0.29 | 1.15 | 1.16 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 941 | 723 |
| Expenses | 863 | 673 |
| Operating profit | 78 | 50 |
| Other income | 2 | 6 |
| Interest | 2 | 3 |
| Depreciation | 2 | 4 |
| Profit before tax | 75 | 51 |
| Net profit | 56 | 38 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 1 | 1 | 16 | 16 | 18 |
| Reserves | 1 | 9 | 41 | 82 | 181 | 262 |
| Borrowings | 0 | 32 | 8 | 26 | 50 | 53 |
| Other liabilities | 0 | 30 | 31 | 32 | 44 | 33 |
| Total liabilities | 1 | 72 | 82 | 155 | 291 | 367 |
| Fixed assets | 0 | 2 | 3 | 16 | 16 | 24 |
| Capital work in progress | 0 | 0 | 4 | 0 | 0 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 1 | 70 | 75 | 139 | 275 | 333 |
| Total assets | 1 | 72 | 82 | 155 | 291 | 367 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | — | — | 25 | 7 | 5 | -69 |
| Cash from investing | — | — | 0 | 9 | -9 | -99 |
| Cash from financing | — | — | -22 | -23 | 8 | 173 |
| Net cash flow | — | — | 3 | -7 | 4 | 5 |
| Free cash flow | — | — | 25 | 2 | -2 | -89 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 32 | 32 | 27 | 39 | 41 | 87 |
| Cash conversion cycle | 32 | 32 | 27 | 39 | 41 | 87 |
| Working capital days | -13 | 11 | 8 | 20 | 28 | 64 |
| Return on capital employed | — | 124.0% | 156.0% | 91.0% | 90.0% | — |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
To justify its price of ₹54, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~-39%. At that growth it is worth ₹5 — downside of 91%.
Ownership
Promoters hold 74.23% as of Sept 2026; institutions cut 0.18 pts since Jun 2026.
since Jun 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.
Named in the Sep 2026 filing
Every holder of Glottis Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 36.68% | unchanged | |
| 36.68% | unchanged | |
| 1.78% | newly disclosed | |
| 0.43% | unchanged | |
| 0.43% | 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.
Your own record
Free account: one company. Everything above stays public.
Write why you follow Glottis 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.
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