Operates Container Freight Stations (CFS) and Inland Container Depots (ICD) at facilities in Gujarat and Maharashtra, providing container handling, customs clearance and warehousing services to importers, exporters and shipping lines. In Q1 FY27, revenue from operations was Rs 190.7 crore (up 37.8% year-on-year from Rs 138.5 crore) and profit after tax rose to Rs 12.3 crore from Rs 2.4 crore. Container volumes in Q4 FY26 reached 86,000 TEUs, a 56% year-on-year increase. For FY26, total revenue stood at Rs 687.46 crore with an EBITDA margin of 17.6%. The entity is a subsidiary of JSW Infrastructure Limited, India's second-largest private ports operator. The cost base is dominated by other operating expenses at 75.8% of revenue, with depreciation at 8.3% and employee costs at 7%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Container Freight Station (CFS) operations, Inland Container Depot (ICD) operations. Asset-heavy container logistics; CFS and ICD operations with high depreciation and operating expense intensity
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 856 | 442 | 435 | 484 | 687 |
| EBITDA (ex other income) | 194 | 106 | 62 | (1) | 118 |
| margin % | 22.6 | 24.0 | 14.2 | (0.1) | 17.2 |
| Owners' profit | 67 | 92 | (2) | (45) | 30 |
| EPS, as reported (₹) | 4.47 | 6.15 | (0.12) | (3.01) | 2.00 |
| ROE % · ROCE % | 3.6 · 5.9 | 4.7 · 4.3 | (0.1) · 1.2 | (2.3) · (2.3) | 1.5 · 3.1 |
| Debt / equity (x) | 0.30 | 0.02 | 0.11 | 0.08 | 0.09 |
| Cash from operations | 125 | 81 | 62 | 84 | 77 |
| Capex | (158) | (284) | (305) | (26) | (55) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 133 | 129 | 104 | 138 | 162 | 186 | 201 | 191 |
| Profit before tax | (2) | (10) | (35) | 4 | 7 | 15 | 23 | 16 |
| Net profit | (2) | (11) | (19) | 2 | 4 | 9 | 14 | 12 |
| EPS (₹) | (0.15) | (0.76) | (1.23) | 0.16 | 0.29 | 0.62 | 0.93 | 0.82 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CONTAINER CORP OF IND LTD | 38,024 | 30.5 | 2.91 | 16.2 | 9.5 | 11.6 | 7.2 | 24.5 |
| DELHIVERY LIMITED | 32,882 | 351.3 | 3.39 | 33.6 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 14,920 | 92.7 | 8.55 | 59.0 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 11,490 | 40.0 | 6.47 | 12.1 | 13.9 | 13.4 | 13.3 | 16.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Parent JSW Infra to attend three investor meets in September 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Navkar's parent JSW Infra to attend Elara India Dialogue on Sept 2 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · JSW Infra, Navkar Corp holding co, to attend 2 investor meets in Aug 2026 | board shareholder meetings | low | — | — |
| 6 Aug 2026 · AGM voting results: both resolutions passed with over 99.99% approval | board shareholder meetings | low | — | — |
| 5 Aug 2026 · JSW Infrastructure Aug 2026 Investor Presentation filed | investor communications | medium | — | — |
| 5 Aug 2026 · Navkar Corporation 18th AGM held; 2 ordinary business items transacted | board shareholder meetings | low | — | — |
| 5 Aug 2026 · 18th AGM held on Aug 5, 2026; financials adopted, director re-appointed | board shareholder meetings | low | — | — |
| 27 Jul 2026 · Transcript of JSW Infra earnings call now available on website | investor communications | medium | — | — |
| 21 Jul 2026 · Link of audio recording of JSW Infrastructure conference call shared | investor communications | low | — | — |
| 21 Jul 2026 · JSW Infra (parent) shares Q1 FY27 results; Navkar PAT up 401% | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| TRANSPORT CORPN OF INDIA | 6,587 | 14.4 | 2.53 | 11.9 | 17.7 | 14.4 | 11.9 | 11.3 |
| TVS SUPPLY CHAIN SOL L | 5,770 | 89.5 | 2.80 | 7.0 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 5,044 | 18.9 | 4.41 | — | 20.7 | 14.5 | — | 21.9 |
| Afcom Holdings Limited | 4,284 | 22.2 | 9.38 | — | 26.7 | 20.2 | — | 41.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 35.1 | 15.7 | 44 of 54 | 19% |
| P/B | 0.7 | 1.6 | 6 of 40 | 87% |
| ROCE | 2.4 | 6.8 | 44 of 56 | 22% |
| ROE | 1.5 | 5.7 | 31 of 42 | 27% |
| Debt / Equity | 0.1 | 0.2 | 14 of 42 | 68% |
| EBITDA margin | 18.2 | 8.7 | 9 of 43 | 81% |
| Revenue growth | 38.1 | 9.5 | 8 of 42 | 83% |
| Profit growth | 401.9 | 22.5 | 2 of 35 | 97% |
| Market cap | 1404 | 123 | 13 of 56 | 78% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
