Navkar Corporation share price & results

Navkar Corporation Limited· Services

Results to: Sept 2026
Latest analysed call: Q4 FY26
Ownership as of: Sept 2026

Runs CFS/ICD and rail freight terminals handling EXIM & domestic cargo in Maharashtra and Gujarat.

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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	223 ₹ crore	+37.7% YoY	Quarterly, as filed	Quarter to Sept 2026	Revenue from operations as filed.
Operating margin	15.0 %	0.0 pts YoY	Operating profit / revenue	Quarter to Sept 2026	For the quarter; a change is in percentage points.
Net profit	12.0 ₹ crore	+200.0% YoY	Quarterly, as filed	Quarter to Sept 2026	Profit after tax as filed.
Return on equity	Unavailable	−1.9 ptsFY Mar 2017 vs FY Mar 2016	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	+13.6 ptsFY Mar 2017 vs FY Mar 2016	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	+1.4 ptsFY Mar 2017 vs FY Mar 2016	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

4 of 6 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.

Navkar Corporation Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (4 achieved, 2 missed, 9 open).

Target	Original wording	Said	Latest call	Verdict
Morbi Facility Utilization	Improve utilization from 25-30% and expect 'good results' next year. Call transcript, Q3 FY25 · 28 Jan 2025	Q3 FY25	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. Call transcript, Q4 FY26 · 8 May 2026	Achieved
Kudathini MMLP Operations Start	Commercial operations are expected to begin within the next two to three months. Call transcript, Q2 FY26 · 16 Oct 2025	Q2 FY26	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. Call transcript, Q4 FY26 · 8 May 2026	Ghosted
Logistics Business Revenue	Targeting a top line of INR 8,000 crores by FY '30 for the logistics business. Call transcript, Q3 FY25 · 28 Jan 2025	Q3 FY25	Q4 FY26:The long-term target of INR 8,000 crores top line by FY2030 was reiterated in the context of overall growth ambitions. Call transcript, Q4 FY26 · 8 May 2026	On Track

Source: Inve Guidance Tracker for Navkar Corporation Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Navkar Corporation Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹76.15 +4.34% · +₹3.17

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −38.1% 1Y

1Y: ₹123.02 on 24 Oct 2025 → ₹76.15. High ₹123.02 (24 Oct 2025), low ₹72.98 (26 Oct 2026).

Previous close: ₹72.98
Market cap: ₹1.1k Cr
52-week range: ₹72.98 – ₹120.34
One year: −36.72%

Overview

Symbol: NSE:NAVKARCORP
Sector: Services
Exchange: NSE
Currency: INR

What Navkar Corporation Limited does

Based on the company's own presentations, annual report and earnings calls.

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

How the price took the results

close before → close after

Q4 FY26: +2.2%; 8 May

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

What management said, and what became of it

4 of 6 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.

Navkar Corporation Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (4 achieved, 2 missed, 9 open).

Target	Original wording	Said	Latest call	Verdict
Morbi Facility Utilization	Improve utilization from 25-30% and expect 'good results' next year. Call transcript, Q3 FY25 · 28 Jan 2025	Q3 FY25	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. Call transcript, Q4 FY26 · 8 May 2026	Achieved
Kudathini MMLP Operations Start	Commercial operations are expected to begin within the next two to three months. Call transcript, Q2 FY26 · 16 Oct 2025	Q2 FY26	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. Call transcript, Q4 FY26 · 8 May 2026	Ghosted
Logistics Business Revenue	Targeting a top line of INR 8,000 crores by FY '30 for the logistics business. Call transcript, Q3 FY25 · 28 Jan 2025	Q3 FY25	Q4 FY26:The long-term target of INR 8,000 crores top line by FY2030 was reiterated in the context of overall growth ambitions. Call transcript, Q4 FY26 · 8 May 2026	On Track

Source: Inve Guidance Tracker for Navkar Corporation Limited · to Q4 FY26

The full ledger

Open Navkar Corporation Limited’s full ledger

A free account opens 5 company ledgers a month. All 15 tracked commitments, with each call’s wording and source.

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Latest analysed call: Q4 FY26, 8 May 2026. 4 calls analysed.

No analysed call after Q4 FY26, though results run to Sept 2026.

Call summaries

Q4 FY26 — 8 May 2026

JSW Infrastructure Limited Q4 FY26

JSW Infrastructure Limited delivered a resilient performance in Q4 FY26 and the full year FY26, with strong revenue and EBITDA growth despite a challenging global environment and the impact on its Fujairah facility. The logistics segment, particularly Navkar, showed exceptional growth and profitability, driven by increased capacity utilization and strategic acquisitions. The company continues to progress on its major growth projects and maintains a positive outlook for future expansion.

Read the full call

Q2 FY26 — 16 Oct 2025

Navkar Corporat. Q2 FY26

Navkar Corporation, a part of the JSW Infrastructure group, reported a strong Q2 FY26 with significant improvements in operational volumes and profitability. The company achieved a 20% year-on-year growth in revenue from operations to Rs. 163 crores and turned profitable with a net profit of Rs. 4 crores, reversing a loss from the prior year. This performance was driven by robust growth in both Exim and Domestic cargo volumes, contributing positively to the group's overall logistics business.

Read the full call

Q1 FY26 — 22 Jul 2025

JSW Infrastructure Q1 FY26

JSW Infrastructure reported a strong Q1 FY26 with consolidated revenue up 19% YoY to ₹1,314 crores and net profit soaring 31% YoY to ₹390 crores. Total cargo handled grew 5% to 29.4 million tonnes, with third-party cargo increasing 8%. The company remains confident in achieving its 10% annual volume growth guidance, anticipating stronger performance in the second half of the fiscal year. Strategic projects and capacity expansions are progressing, and Navkar Corporation has returned to profitability.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

Navkar Corporation Limited earnings calls (NAVKARCORP)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2012 to Mar 2017).

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
82.00 days 69.00 days 80.00 days 86.00 days 50.00 days 44.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
82.00 days 69.00 days 80.00 days 86.00 days 50.00 days 44.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
86.00 days 91.00 days 10.00 days -25.00 days -150.00 days -168.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
— — — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
82.00 days	69.00 days	80.00 days	86.00 days	50.00 days	44.00 days

Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
82.00 days	69.00 days	80.00 days	86.00 days	50.00 days	44.00 days

Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
86.00 days	91.00 days	10.00 days	-25.00 days	-150.00 days	-168.00 days

Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
—	—	—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +200% (quarter to sept 2026 against sept 2025).

In ₹ crore. Oldest period first.

Line item	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
Sales	129	104	138	162	186	201	191	223
Expenses	122	123	118	138	152	161	158	190
Operating profit	7	-19	20	24	33	40	33	33
Operating margin	6.0%	−18.0%	15.0%	15.0%	18.0%	20.0%	17.0%	15.0%
Other income	0	1	1	0	0	2	2	4
Interest	5	4	4	4	4	4	3	5
Depreciation	13	13	13	14	15	15	15	17
Profit before tax	-10	-35	4	7	15	23	16	16
Tax rate	13.0%	−47.0%	35.0%	34.0%	38.0%	40.0%	25.0%	25.0%
Net profit	-11	-19	2	4	9	14	12	12
EPS (₹ per share)	-0.76	-1.23	0.16	0.29	0.62	0.93	0.82	0.78

Source: Inve data · income statement, quarterly · to Sept 2026

In ₹ crore. Oldest period first.

Line item	Mar 2017	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	371	442	436	487	687
Expenses	234	355	374	479	569
Operating profit	137	87	61	8	117
Other income	12	47	-1	-4	3
Interest	32	19	14	20	16
Depreciation	20	27	42	52	57
Profit before tax	100	88	5	-67	49
Net profit	85	92	-2	-45	29

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026	Sept 2026
Equity capital	151	151	151	151	151	151
Reserves	1,826	1,824	1,778	1,785	1,807	1,832
Borrowings	44	219	168	171	177	137
Other liabilities	45	39	50	77	75	286
Total liabilities	2,065	2,233	2,147	2,183	2,210	2,405
Fixed assets	1,653	1,946	1,930	1,930	1,922	2,083
Capital work in progress	54	23	5	3	2	21
Investments	0	0	0	0	0	0
Other assets	359	265	212	250	286	300
Total assets	2,065	2,233	2,147	2,183	2,210	2,405

Source: Inve data · balance sheet · to Sept 2026

In ₹ crore. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operations	114	125	126	62	84	77
Cash from investing	-117	-152	648	-302	-5	-56
Cash from financing	8	23	-685	154	-81	-10
Net cash flow	5	-4	88	-86	-2	11
Free cash flow	-3	-27	769	-240	79	25

Source: Inve data · cash flow · to Mar 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	58	73	25	75	84	95
Cash conversion cycle	58	73	25	75	84	95
Working capital days	-10	-16	74	92	41	36
Return on capital employed	4.0%	3.0%	3.0%	2.0%	−2.0%	3.0%
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Promoters hold 70.37% as of Sept 2026; institutions cut 0.17 pts since Jun 2026.

Promoters 0.00 pts 70.37%
Foreign institutions −0.20 pts 0.47%
Domestic institutions +0.03 pts 0.05%
Public +0.16 pts 29.10%

61,362 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who is on the register

Named in the Sep 2026 filing

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

Holder	Stake	Change
	70.37%	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.

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