NAVKARCORP

Navkar Corporation share price & financials

Price
₹105.08
Market cap
₹1.4k Cr
Sector
Services
Calls analysed
4
Latest concall · Q4 FY26 · call held 08 May 2026

JSW Infrastructure Limited Q4 FY26

Operating Revenue ₹5,361 cr +20%Operating EBITDA ₹2,604 cr +15%Adjusted Net Profit ₹1,644 cr

What went well

  • Operating revenue for the year ended March 31, 2026, was INR5,361 crores, representing a 20% Y-on-Y growth.
  • Operating EBITDA for the year stood at INR2,604 crores, marking a 15% increase.
  • Adjusted net profit reached INR1,644 crores for the year.

What to watch

  • The 5 million tonne per annum liquid storage facility in Fujairah was impacted by damage, leading to a provision of INR68 crores.
  • Middle East conflict and lower vessel availability impacted cargo volumes at Fujairah and led to cargo deferments at Indian operations.
Read the full call →

What Navkar Corporation Limited does

Navkar Corporation, a subsidiary of JSW Infrastructure, operates Container Freight Stations (CFS) and an Inland Container Depot (ICD) that receive, store, and clear import/export and domestic containerized, bulk and breakbulk cargo. It holds a Category 1 & 2 Container Train Operator (CTO) licence, giving it direct access to the Indian Railways network, and moves cargo between its facilities and ports via owned and leased rail rakes and a fleet of containers and trailers. Additional services include bonded and domestic warehousing, reefer container handling, hazardous-cargo storage, and container repair and maintenance.

Segments

  • Container Freight Stations, ICD & Rail Logistics
Total facilities
3 CFS + 1 ICD
CTO licence
Category 1 & 2 Container Train Operator licence
Owned containers
2,450
Owned trailers
602
Handling equipment
84 units
Container rakes
11
Founded 2008Headquarters Mumbai, Maharashtra Company website

Guidance record · Q4 FY26

what the last two calls moved 15 tracked 4 delivered 2 missed 9 open
  • Morbi Facility Utilization delivered said Q3 FY25 Promised: Improve utilization from 25-30% and expect 'good results' next year. Q4 FY26: Promise remains achieved. Overall Navkar capacity utilization for FY26 stood at 56%, up from 44% in FY25, and reached 60% in Q4 FY26, confirming sustained improvement.
  • Kudathini MMLP Operations Start went quiet said Q2 FY26 Promised: Commercial operations are expected to begin within the next two to three months. Q4 FY26: The deadline for commercial operations to begin (Jan/Feb 2026) has passed. There was no mention of the Kudathini MMLP in the Q4 FY26 earnings call or materials.
  • Logistics Business Revenue on track said Q3 FY25 Promised: Targeting a top line of INR 8,000 crores by FY '30 for the logistics business. Q4 FY26: The long-term target of INR 8,000 crores top line by FY2030 was reiterated in the context of overall growth ambitions.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 38.4%, net profit up 500.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue136 129 104 138 162 +19%186 +44%201 +93%191 +38%
EBITDA18 7 -19 20 24 +33%33 +371%40 +311%33 +65%
Net profit-2 -11 -19 2 4 +300%9 +182%14 +174%12 +500%
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 −26.3% 1Y

₹80₹100₹120Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 16 Oct 2025Q4 FY26 — 8 May 2026

1Y: ₹127.06 on 10 Sept 2025 → ₹93.58. High ₹128.57 (16 Sept 2025), low ₹74.63 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
+2.2%
8 May
Q2 FY26
−1.7%
16 Oct

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 16.7% a year over 4 years, FY17 to FY26. Operating margin narrowed to 17.0%.

Year endingFY17FY23FY24FY25FY26
Revenue₹371 Cr₹442 Cr₹436 Cr₹487 Cr₹687 Cr
Operating profit₹137 Cr₹87 Cr₹61 Cr₹8 Cr₹117 Cr
Operating margin36.9%19.7%14.0%1.6%17.0%
Interest₹32 Cr₹19 Cr₹14 Cr₹20 Cr₹16 Cr
Depreciation₹20 Cr₹27 Cr₹42 Cr₹52 Cr₹57 Cr
Net profit₹85 Cr₹92 Cr₹-2 Cr₹-45 Cr₹29 Cr
Net margin22.9%20.8%-0.5%-9.2%4.2%
Cash from operations—₹126 Cr₹62 Cr₹84 Cr₹77 Cr
Free cash flow—₹769 Cr₹-240 Cr₹79 Cr₹25 Cr
ROCE7.0%————
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹151 Cr₹151 Cr₹151 Cr₹151 Cr₹151 Cr₹151 Cr
Reserves₹1.7k Cr₹1.7k Cr₹1.8k Cr₹1.8k Cr₹1.8k Cr₹1.8k Cr
Borrowings₹634 Cr₹709 Cr₹44 Cr₹219 Cr₹171 Cr₹177 Cr
Other liabilities₹44 Cr₹42 Cr₹45 Cr₹39 Cr₹77 Cr₹75 Cr
Total liabilities₹2.5k Cr₹2.6k Cr₹2.1k Cr₹2.2k Cr₹2.2k Cr₹2.2k Cr
Fixed assets₹2.2k Cr₹2.3k Cr₹1.7k Cr₹1.9k Cr₹1.9k Cr₹1.9k Cr
Capital work in progress₹42 Cr₹98 Cr₹54 Cr₹23 Cr₹3 Cr₹2 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹225 Cr₹270 Cr₹359 Cr₹265 Cr₹250 Cr₹286 Cr
Total assets₹2.5k Cr₹2.6k Cr₹2.1k Cr₹2.2k Cr₹2.2k Cr₹2.2k 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, DIIs trimmed −1.87 pp while the public added +1.40 pp. The shareholder count grew 6% to 59,524.

Promoters
70.4%
FIIs
0.7%
DIIs
0.0%
Public
28.9%

Since Jun 2025

  • DIIs −1.87 pp
  • Public +1.40 pp
  • FIIs +0.46 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 70.4%, FIIs 0.1%, Public 29.4%.Dec '23: Promoters 70.4%, FIIs 0.8%, Public 28.8%.Mar '24: Promoters 70.4%, FIIs 0.3%, Public 29.3%.Jun '24: Promoters 70.4%, FIIs 0.2%, Public 29.3%.Sep '24: Promoters 70.4%, FIIs 0.3%, DIIs 1.8%, Public 27.5%.Dec '24: Promoters 70.5%, FIIs 0.7%, DIIs 1.3%, Public 27.5%.Mar '25: Promoters 70.5%, FIIs 0.3%, DIIs 2.0%, Public 27.2%.Jun '25: Promoters 70.4%, FIIs 0.2%, DIIs 1.9%, Public 27.5%.Sep '25: Promoters 70.4%, FIIs 0.2%, DIIs 1.9%, Public 27.5%.Dec '25: Promoters 70.4%, FIIs 0.2%, DIIs 1.6%, Public 27.8%.Mar '26: Promoters 70.4%, FIIs 0.2%, DIIs 1.6%, Public 27.8%.Jun '26: Promoters 70.4%, FIIs 0.7%, DIIs 0.0%, Public 28.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

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

HolderStakeChange
JSW Port Logistics Private Limited 70.37%unchanged
JSW Infrastructure Limited 0.00%unchanged
LIC Mf Small Cap Fund —off the list
Ashika Credit Capital Limited —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.

All earnings calls (4)

Read the Q4 FY26 call →

Learn to analyse Navkar Corporation Limited

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