PATINTLOG

Patel Integrated Logistics financials

Market cap
₹91 Cr
Sector
Services
Calls analysed
5
Latest concall · Q4 FY26 · call held 13 May 2026

PATINTLOG Q4 FY26

PAT ₹2.98 cr +60%EPS ₹0.43 +54%PBT ₹3.7 cr +99%

What went well

  • Total income from operations increased by 11.68% YoY to INR 96.74 crores in Q4 FY26.
  • Profit before tax (PBT) grew by nearly 99% YoY to INR 3.70 crores in Q4 FY26.
  • Profit after tax (PAT) rose by over 60% YoY to INR 2.98 crores in Q4 FY26.

What to watch

  • Ongoing geopolitical situation and rising crude/ATF prices are leading to hardening rates and supply issues in the air freight sector.
  • Management acknowledges shareholder concerns regarding the company's undervalued share price.
Read the full call →

What Patel Integrated Logistics Limited does

Patel Integrated Logistics runs two core lines of business: Patel Airfreight (PAF), an IATA-accredited domestic cargo agency that moves shipments of 250 grams to 40 tonnes via tie-ups with airlines such as IndiGo, Air India and SpiceJet across 112 Indian airports, plus a PAF International arm that routes global cargo through Global Logistics Network (GLN) partner agents in 60 countries. Patel Warehouse, its warehousing arm established in 2017, leases and operates storage facilities (including a 99-year-leased Bangalore site) offering warehousing, distribution, manufacturing logistics and C&F management, with cargo/stock consolidation services for e-commerce, FMCG and pharma clients. The company earns freight-forwarding and handling fees on air cargo tonnage carried, and rental/service fees on warehousing and distribution contracts, supported by a proprietary cloud platform for booking, billing and track-and-trace.

Segments

  • Air Freight - Domestic (Patel Airfreight/PAF Domestic)
  • Air Freight - International (PAF International)
  • Warehousing & Distribution (Patel Warehouse)
  • Rajpat Logistics
Offices
125+ across India
Airports served (domestic air freight)
112
Cities covered (PAN India)
79
Branches
89
Distribution hubs
8
Warehousing space
200,000+ sq. ft. (incl. 99-year leased Bangalore facility)
Founded 1962Headquarters Santacruz (West), Mumbai, Maharashtra Company website

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 3 delivered 2 missed 5 open
  • Overall Sales Volume Growth delivered, diluted said Q1 FY26 Promised: Definitely we are expecting more than last year, overall. Q4 FY26: FY26 ended. While specific full-year volume figures are not provided, revenue grew YoY, suggesting volume also grew, meeting the vague 'more than last year' target. However, growth was below the more specific 15% revenue target.
  • Trade Receivables missed said Q1 FY26 Promised: Hopeful to improve our receivables also in the coming quarter. Q4 FY26: The original timeline for this promise has passed. Management mentioned implementing a new system for receivables control, but did not provide an update on the actual receivables number.
  • Pune Warehouse Land Acquisition diluted said Q4 FY25 Promised: Board has approved the acquisition of a 1-acre plot at Sanaswadi, Pune. Q4 FY26: Management explicitly stated they are not looking to enter the asset-heavy warehouse business immediately as current operations yield higher ROCE.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 45.5%, net profit up 53.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue84 90 87 78 94 +12%88 −2%97 +12%113 +46%
EBITDA2 2 2 2 3 +17%2 −10%4 +76%2 +28%
Net profit2 2 2 2 2 +12%3 +23%3 +61%3 +53%
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 −10.4% 1Y

₹8.0₹10.0₹12.0₹14.0₹16.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 13 May 2026

1Y: ₹14.71 on 10 Sept 2025 → ₹13.18. High ₹16.18 (29 Jun 2026), low ₹8.26 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
+4.2%
13 May
Q3 FY26
+0.6%
13 Feb
Q2 FY26
−0.6%
13 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 10.9% a year over 2 years, FY24 to FY26. Operating margin held at 2.9%.

Year endingFY24FY25FY26
Revenue₹291 Cr₹343 Cr₹357 Cr
Operating profit₹9 Cr₹9 Cr₹10 Cr
Operating margin3.1%2.6%2.9%
Interest₹3 Cr₹1 Cr₹0 Cr
Depreciation₹3 Cr₹3 Cr₹3 Cr
Net profit₹6 Cr₹8 Cr₹10 Cr
Net margin1.9%2.2%2.7%
Cash from operations—₹1 Cr₹8 Cr
Free cash flow—₹0 Cr₹7 Cr
ROCE5.0%6.0%8.0%
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 endingFY17FY18FY25FY26
Equity capital₹16 Cr₹17 Cr₹70 Cr₹70 Cr
Reserves₹99 Cr₹111 Cr₹52 Cr₹54 Cr
Borrowings₹62 Cr₹68 Cr₹13 Cr₹6 Cr
Other liabilities₹22 Cr₹32 Cr₹33 Cr₹34 Cr
Total liabilities₹199 Cr₹228 Cr₹168 Cr₹163 Cr
Fixed assets₹52 Cr₹58 Cr₹47 Cr₹46 Cr
Capital work in progress₹2 Cr₹4 Cr₹0 Cr₹0 Cr
Investments₹12 Cr₹16 Cr₹4 Cr₹5 Cr
Other assets₹133 Cr₹150 Cr₹117 Cr₹113 Cr
Total assets₹199 Cr₹228 Cr₹168 Cr₹163 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 Jul 2026

Since Jun 2025, the public added +1.04 pp while promoters trimmed −0.90 pp. The shareholder count shrank 3% to 40,420.

Promoters
35.0%
Public
65.0%

Since Jun 2025

  • Public +1.04 pp
  • Promoters −0.90 pp
  • FIIs −0.13 pp

How it drifted, 12 quarters

Over this window the public went from 62.5% to 65.0% — +2.5 pp.

Dec '23Mar '25Jul '26

Ownership split by quarter, oldest first. Dec '23: Promoters 36.9%, FIIs 0.0%, Government 0.6%, Public 62.5%.Mar '24: Promoters 36.9%, FIIs 0.0%, Public 63.1%.Jun '24: Promoters 36.4%, FIIs 0.2%, Public 63.4%.Sep '24: Promoters 35.5%, Public 64.5%.Dec '24: Promoters 36.1%, FIIs 0.2%, Public 63.7%.Mar '25: Promoters 35.9%, FIIs 0.1%, Public 63.9%.Jun '25: Promoters 35.9%, FIIs 0.1%, Public 64.0%.Sep '25: Promoters 35.9%, FIIs 0.2%, Public 63.9%.Dec '25: Promoters 35.9%, Public 64.1%.Mar '26: Promoters 36.0%, Public 64.0%.Jun '26: Promoters 36.1%, Public 63.8%.Jul '26: Promoters 35.0%, Public 65.0%.

Who was buying across the market this quarter →

Who bought this quarter

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 5 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jul 2026 filing

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

HolderStakeChange
Patel Holdings Limited 13.09%−0.28 pp
Asgar Shakoor Patel 8.12%newly disclosed
Asgar Shakoor Patel - 2 5.41%−3.01 pp
Arhaan Numaire Family Beneficiaries Trust 2.60%−0.11 pp
Natasha Rajesh Pillai 2.36%−0.09 pp
Natasha Nishqa Tanisha Family Beneficiaries Trust 2.19%−0.09 pp
Wall Street Derivatives And Financial Services India Private Limited 0.65%unchanged
Wall Street Securities And Investments India Limited 0.59%unchanged
Yasmin Asgar Patel 0.00%unchanged
Natasha Construction Projects Private Ltd 0.00%unchanged
NATASHA RAJESH PILLAI (Rezan Nikita Family Beneficiaries Trust) 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

Attractive

To justify its price of ₹13, this stock must grow earnings at -0% every year for 7 years. Our analysis caps realistic growth at ~33%. At that growth it is worth ₹72 — upside of 449%.

Growth the price implies
-0.1% a year
for 7 years, fading to 4%
It has actually compounded at
31.6% a year
net profit, FY24–FY26 · EPS 32.6%
The gap
-0.3 pp
449% downside if it only repeats history
Price today ₹13.18 Value at the reference growth ₹72.31

Change the assumptions yourself →

All earnings calls (5)

Read the Q4 FY26 call →

Learn to analyse Patel Integrated Logistics Limited

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