NEPTUNE LOGITEK LIMITED

Provides logistics services from Gandhidham in Kutch, Gujarat, a port region, and earns revenue from export-import and shipping-related activities. Following its 22 December 2025 listing on the BSE SME platform, the company is expanding its logistics footprint: a wholly owned subsidiary, Neptune Maritime Private Limited, has been approved to offer freight forwarding by sea, rail and road, and a proposed 51% acquisition of Devanshi Tradables Private Limited, an import-export trading firm, is in process. FY26 revenue from operations stood at Rs 23,371.10 lakhs, down about 9% from Rs 25,725.39 lakhs in FY25, with profit after tax at Rs 628.84 lakhs versus Rs 667.05 lakhs. The cost base is services-led: materials are nil as a share of revenue, employee costs are 2.7%, and other operating expenses account for 90.2% of revenue. The H2 FY26 half was sharply weaker than H1, with revenue falling to Rs 10,825.63 lakhs and PAT to Rs 175.38 lakhs (from Rs 12,545.47 lakhs and Rs 453.46 lakhs in H1), and the company attributed this to Middle East geopolitical tensions disrupting shipping and export-import trade in March 2026. IPO proceeds of Rs 46.62 crore have been almost fully deployed, mainly into machinery and loan repayment, against outstanding borrowings of Rs 52.90 crore as of 31 March 2026.