SINDHUTRAD
Sindhu Trade Links share price & financials
- Price
- ₹25.21
- Market cap
- ₹3.7k Cr
- Sector
- Oil, Gas & Consumable Fuels
What Sindhu Trade Links Limited does
Sindhu Trade Links Limited is a diversified group company built around coal-transport logistics: it operates a large fleet of tippers and loaders that load and haul raw and washed coal for group and third-party mining/power clients. It also runs a single IOCL-branded petrol pump in Chhattisgarh, moving fuel by tanker from IOCL depots to the outlet. Alongside these operating businesses, the company earns rental income from land and buildings it owns in Haryana, Chhattisgarh and Delhi, and carries a legacy lending/investment book inherited from a 2011 merger of seven group companies. Company filings also list power distribution, engineering projects and overseas coal mining/trading among its stated core business areas.
Segments
- Logistics
- Petrol Pump
- Other Miscellaneous (Investment, Finance & Rental)
- Tipper & loader fleet operated
- 600+ (owned, leased and attached)
- Owned fleet
- 200+ tippers and 100+ loaders
- Petrol pumps operated
- 1 (IOCL outlet, Dhatura village, Korba district, Chhattisgarh)
- Stated core business areas
- Transportation/logistics, investment & finance, petrol pump operations, power distribution & engineering projects, overseas mining & trading of coal
- Owned real-estate footprint (rental income)
- Land/building assets in Haryana, Chhattisgarh and Delhi
- Group and associate companies
- ACB (India) Ltd and Sainik Mining and Allied Services Ltd (group companies); Tandem Commercial, Indus Best Mega Food Parks and Shyam Indus Power Solutions (associate companies)
Quarterly results
Q1 FY27: revenue down 21.8%, net profit up 105.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 370 | 511 | 297 | 165 | 124 −66% | 119 −77% | 115 −61% | 129 −22% |
| EBITDA | -93 | 57 | -329 | 13 | -2 +98% | 3 −95% | 5 +102% | 21 +62% |
| Net profit | 117 | -7 | -59 | 19 | 11 −91% | 14 +300% | 14 +124% | 39 +105% |
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 −2.5% 1Y
1Y: ₹24.61 on 10 Sept 2025 → ₹23.99. High ₹31.1 (17 Sept 2025), low ₹17.92 (23 Jan 2026).
Financials, as filed
Revenue fell 23.7% a year over 3 years, FY23 to FY26. Operating margin held at 3.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.2k Cr | ₹1.7k Cr | ₹1.7k Cr | ₹523 Cr |
| Operating profit | ₹46 Cr | ₹136 Cr | ₹-225 Cr | ₹19 Cr |
| Operating margin | 3.9% | 8.1% | -13.0% | 3.6% |
| Interest | ₹161 Cr | ₹143 Cr | ₹121 Cr | ₹50 Cr |
| Depreciation | ₹32 Cr | ₹68 Cr | ₹54 Cr | ₹12 Cr |
| Net profit | ₹-4 Cr | ₹70 Cr | ₹123 Cr | ₹58 Cr |
| Net margin | -0.3% | 4.2% | 7.1% | 11.1% |
| Cash from operations | ₹-108 Cr | ₹691 Cr | ₹-51 Cr | ₹43 Cr |
| Free cash flow | ₹-40 Cr | ₹613 Cr | ₹-74 Cr | ₹39 Cr |
| ROCE | 5.0% | 6.0% | 16.0% | 5.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹51 Cr | ₹51 Cr | ₹154 Cr | ₹154 Cr | ₹154 Cr | ₹154 Cr |
| Reserves | ₹1.1k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.6k Cr |
| Borrowings | ₹1.3k Cr | ₹1.3k Cr | ₹1.6k Cr | ₹1.0k Cr | ₹446 Cr | ₹463 Cr |
| Other liabilities | ₹2.0k Cr | ₹2.2k Cr | ₹2.0k Cr | ₹2.1k Cr | ₹735 Cr | ₹671 Cr |
| Total liabilities | ₹4.5k Cr | ₹4.6k Cr | ₹5.0k Cr | ₹4.7k Cr | ₹2.8k Cr | ₹2.9k Cr |
| Fixed assets | ₹3.2k Cr | ₹3.3k Cr | ₹3.5k Cr | ₹3.5k Cr | ₹86 Cr | ₹79 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹285 Cr | ₹235 Cr | ₹177 Cr | ₹191 Cr | ₹1.9k Cr | ₹2.0k Cr |
| Other assets | ₹1.0k Cr | ₹1.1k Cr | ₹1.4k Cr | ₹982 Cr | ₹801 Cr | ₹802 Cr |
| Total assets | ₹4.5k Cr | ₹4.6k Cr | ₹5.0k Cr | ₹4.7k Cr | ₹2.8k Cr | ₹2.9k 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 Aug 2026
Since Sep 2025, FIIs added +3.50 pp while the public trimmed −2.46 pp. The shareholder count shrank 13% to 39,041.
- Promoters
- 73.9%
- FIIs
- 6.4%
- Public
- 19.6%
Since Sep 2025
- FIIs +3.50 pp
- Public −2.46 pp
- Promoters −1.04 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.3% to 6.4% — +6.2 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 75.0%, FIIs 0.3%, Public 24.8%.Mar '24: Promoters 75.0%, FIIs 0.1%, DIIs 0.0%, Public 24.9%.Jun '24: Promoters 75.0%, FIIs 0.1%, DIIs 0.0%, Public 24.9%.Sep '24: Promoters 75.0%, DIIs 0.1%, Public 25.0%.Dec '24: Promoters 75.0%, DIIs 0.1%, Public 25.0%.Mar '25: Promoters 75.0%, FIIs 0.0%, DIIs 0.0%, Public 25.0%.Jun '25: Promoters 75.0%, FIIs 2.1%, Public 22.9%.Sep '25: Promoters 75.0%, FIIs 2.9%, Public 22.1%.Dec '25: Promoters 75.0%, FIIs 3.2%, Public 21.8%.Mar '26: Promoters 75.0%, FIIs 3.2%, Public 21.8%.Jun '26: Promoters 75.0%, FIIs 3.2%, Public 21.9%.Aug '26: Promoters 73.9%, FIIs 6.4%, Public 19.6%.
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.
- Indo Pacific Partners (PTC) Limited newly disclosed 11.18% held
- Saumik Ketankumar Doshi +0.25 pp 1.56% held
- Sainik Mining India Private Limited newly disclosed 0.00% held
The same filing shows 30 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Aug 2026 filing
Every holder of Sindhu Trade Links Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Paramitra Holdings Private Limited | 12.38% | −2.41 pp |
| Indo Pacific Partners (PTC) Limited | 11.18% | newly disclosed |
| Vrit Pal Sindhu | 6.04% | −1.18 pp |
| Vir Sen Sindhu | 5.87% | −1.14 pp |
| Satya Pal Sindhu | 5.48% | −1.07 pp |
| Rudra Sen Sindhu | 4.77% | −0.93 pp |
| Dev Suman Sindhu | 4.74% | −0.92 pp |
| Abhimanyu Sindhu | 4.44% | −0.86 pp |
| Fine Grow Buildcon Private Limited | 1.88% | −0.37 pp |
| Ekta Sindhu | 1.76% | −0.34 pp |
| Rachna Sindhu | 1.73% | −0.34 pp |
| Goodworth Infracon Private Limited | 1.67% | −0.32 pp |
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.
Learn to analyse Sindhu Trade Links Limited
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