RITCO

Ritco Logistics financials

Market cap
₹861 Cr
Sector
Services
Calls analysed
1
Latest concall · Q1 FY26 · call held 13 Aug 2025

Ritco Logistics Q1 FY26

Ritco Logistics Growth 40% Ritco Logistics Growth 3% Ritco Logistics EBITDA Margin 8.1% TrucksUp Q1 Business ₹1.75 cr

What went well

  • Ritco Logistics achieved 40% growth from June to June, demonstrating strong performance.
  • Q1 FY26 saw almost 3% growth for Ritco Logistics, beating March results despite Q1 being a traditionally slower quarter.
  • TrucksUp generated approximately ₹1.75 crore in Q1 business, with a target to cross ₹3 crore in Q2 and ₹15 crore for FY26.

What to watch

  • Q1 is seasonally lower than the March quarter due to dispatch patterns across India.
  • The B2B transportation business, which accounts for 90% of revenue, has a lower operating margin of 10-14% compared to value-added services at 20%.
Read the full call →

Guidance record · Q1 FY26

what the last two calls moved 6 tracked 0 delivered 0 missed 6 open
  • Multimodal Business Volume Share open said Q1 FY26 Promised: 30% of total volume from multimodal within three years Q1 FY26: Currently part of the 10% value-added services mix

All 6 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 1.1%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue279 313 344 353 358 +28%389 +24%385 +12%357 +1%
EBITDA23 25 28 28 29 +26%31 +24%26 −7%30 +7%
Net profit11 13 13 12 13 +18%14 +8%11 −15%12 +0%
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 +7.5% 1Y

₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹279.85 on 10 Sept 2025 → ₹300.7. High ₹322.7 (20 Aug 2026), low ₹177.41 (2 Apr 2026).

Financials, as filed

Revenue grew 25.5% a year over 3 years, FY23 to FY26. Operating margin widened to 7.7%.

Year endingFY23FY24FY25FY26
Revenue₹751 Cr₹934 Cr₹1.2k Cr₹1.5k Cr
Operating profit₹52 Cr₹76 Cr₹96 Cr₹114 Cr
Operating margin6.9%8.1%8.1%7.7%
Interest₹16 Cr₹22 Cr₹22 Cr₹27 Cr
Depreciation₹4 Cr₹11 Cr₹16 Cr₹29 Cr
Net profit₹24 Cr₹34 Cr₹46 Cr₹50 Cr
Net margin3.2%3.6%3.9%3.4%
Cash from operations₹11 Cr₹14 Cr₹-10 Cr₹-17 Cr
Free cash flow₹-10 Cr₹-24 Cr₹-108 Cr₹-107 Cr
ROCE15.0%17.0%16.0%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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹24 Cr₹24 Cr₹24 Cr₹24 Cr₹29 Cr₹29 Cr
Reserves₹83 Cr₹99 Cr₹124 Cr₹160 Cr₹331 Cr₹356 Cr
Borrowings₹137 Cr₹173 Cr₹207 Cr₹260 Cr₹370 Cr₹457 Cr
Other liabilities₹5 Cr₹6 Cr₹9 Cr₹11 Cr₹22 Cr₹28 Cr
Total liabilities₹250 Cr₹303 Cr₹364 Cr₹455 Cr₹752 Cr₹869 Cr
Fixed assets₹33 Cr₹22 Cr₹38 Cr₹63 Cr₹162 Cr₹207 Cr
Capital work in progress₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Other assets₹215 Cr₹281 Cr₹327 Cr₹391 Cr₹589 Cr₹661 Cr
Total assets₹250 Cr₹303 Cr₹364 Cr₹455 Cr₹752 Cr₹869 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, promoters added +0.40 pp while others trimmed −0.30 pp. The shareholder count shrank 22% to 10,443.

Promoters
62.7%
FIIs
0.0%
DIIs
2.7%
Public
34.0%
Others
0.5%

Since Jun 2025

  • Promoters +0.40 pp
  • Others −0.30 pp
  • Public +0.22 pp

How it drifted, 12 quarters

Over this window promoters fell from 73.0% to 62.7% — −10.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.0%, FIIs 0.0%, Public 26.9%.Dec '23: Promoters 73.0%, FIIs 0.0%, Public 26.9%.Mar '24: Promoters 73.0%, FIIs 0.0%, Public 26.9%.Jun '24: Promoters 73.0%, FIIs 0.5%, DIIs 0.0%, Public 26.5%.Sep '24: Promoters 63.1%, FIIs 0.1%, DIIs 2.5%, Public 34.3%.Dec '24: Promoters 62.3%, FIIs 0.3%, DIIs 2.5%, Public 34.9%.Mar '25: Promoters 62.3%, FIIs 0.1%, DIIs 2.8%, Public 34.0%, Others 0.8%.Jun '25: Promoters 62.3%, FIIs 0.2%, DIIs 2.9%, Public 33.8%, Others 0.8%.Sep '25: Promoters 62.7%, FIIs 0.0%, DIIs 2.8%, Public 33.7%, Others 0.8%.Dec '25: Promoters 62.7%, FIIs 0.1%, DIIs 2.8%, Public 33.9%, Others 0.5%.Mar '26: Promoters 62.7%, FIIs 0.0%, DIIs 2.8%, Public 33.9%, Others 0.5%.Jun '26: Promoters 62.7%, FIIs 0.0%, DIIs 2.7%, Public 34.0%, Others 0.5%.

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 Ritco Logistics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Man Mohan Pal Singh Chadha 30.68%unchanged
Sanjeev Kumar Elwadhi 16.70%unchanged
Ritco Leasing And Finance Pvt Ltd 14.12%unchanged
Mncl Capital Compounder Fund 2 AIF1.82%unchanged
Vrushali Himanshu Shah 1.55%unchanged
Anushree Himanshubhai Shah 1.55%unchanged
Kavish Vaibhav Shah 1.52%unchanged
Deepinder Singh Poonian 1.22%unchanged
Madhu Silica Private Limited 1.15%unchanged
Riddhi Siddhi Gluco Biols Limited 1.14%unchanged
Setu Securities Private Limited 1.05%newly disclosed
Tanya Rajpal 0.53%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 ₹301, this stock must grow earnings at 11% every year for 7 years. Our analysis caps realistic growth at ~28%. At that growth it is worth ₹711 — upside of 137%.

Growth the price implies
11.0% a year
for 7 years, fading to 4%
It has actually compounded at
27.7% a year
net profit, FY23–FY26
The gap
-0.2 pp
137% downside if it only repeats history
Price today ₹300.7 Value at the reference growth ₹711.37

Change the assumptions yourself →

Learn to analyse Ritco Logistics Limited

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