NSE: OMFREIGHT · BSE: 544564
OM FREIGHT FORWARDERS LTD
Provides third-party (3PL) and fourth-party (4PL) logistics services, including freight forwarding, warehousing and supply chain management for domestic and international customers. In FY26, the company reported revenue of ₹476.92 crore and a net profit of ₹16.04 crore, with an EBITDA margin of 7.01%. The business added a new warehouse in Mauje Sarade, Taluka Uran, District Raigad, Maharashtra, which became operational in July 2026, expanding its storage capacity and enabling it to offer new 4PL solutions alongside its 3PL offerings. The cost structure is dominated by materials and freight-related inputs at 78.1% of revenue, with employee costs at 10.5% and other operating expenses at 5.6%. The company completed an IPO in October 2025, raising ₹24.44 crore through the fresh issue of 18.10 lakh equity shares at ₹135 per share. It is led by promoters including Rahul Joshi (30.74%), Harmesh Joshi (17.85%), Jitendra Joshi (9.46%), Maya Joshi (8.11%) and Kamesh Joshi (7.14%). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. 3PL and 4PL logistics services. Asset-light, service-oriented logistics and freight forwarding business with warehousing assets.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 477 |
| EBITDA (ex other income) | 28 |
| margin % | 5.9 |
| Owners' profit | 16 |
| EPS, as reported (₹) | 4.90 |
| ROE % · ROCE % | 7.7 · 10.4 |
| Debt / equity (x) | 0.24 |
| Cash from operations | (7) |
| Capex | (14) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 94 | 114 | 119 | 150 | 193 |
| Profit before tax | 4 | 5 | 6 | 5 | 10 |
| Net profit | 3 | 4 | 5 | 4 | 7 |
| EPS (₹) | 1.02 | 1.27 | 1.38 | 1.20 | 2.17 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CONTAINER CORP OF IND LTD | 32,380 | 26.0 | 2.48 | 13.7 | 9.5 | 11.6 | 7.2 | 24.5 |
| DELHIVERY LIMITED | 28,606 | 305.6 | 2.95 | 29.2 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 17,061 | 106.0 | 9.78 | 67.7 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 10,021 | 34.9 | 5.64 | 10.5 | 13.9 | 13.4 | 13.3 | 16.7 |
| TRANSPORT CORPN OF INDIA | 6,519 | 14.2 | 2.50 | 11.8 | 17.7 | 14.4 | 11.9 | 11.3 |
| TVS SUPPLY CHAIN SOL L | 4,874 | 75.6 | 2.36 | 6.0 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 4,688 | 17.6 | 4.10 | — | 20.7 | 14.5 | — | 21.9 |
| MAHINDRA LOGISTIC LIMITED | 4,309 | 116.4 | 3.59 | 11.0 | 0.9 | 2.0 | 16.5 | 6.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.3 | 15.6 | 29 of 51 | 44% |
| P/B | 1.8 | 1.5 | 23 of 40 | 44% |
| ROCE | 9.2 | 7.7 | 24 of 55 | 57% |
| ROE | 7.7 | 6.0 | 19 of 40 | 54% |
| Debt / Equity | 0.2 | 0.3 | 19 of 40 | 54% |
| EBITDA margin | 6.8 | 8.7 | 29 of 43 | 33% |
| Revenue growth | 104.8 | 9.5 | 3 of 42 | 95% |
| Profit growth | 125.1 | 22.5 | 5 of 35 | 88% |
| Market cap | 370 | 119 | 21 of 56 | 64% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Compliance Certificate under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closure ahead of Q2 FY26 results | compliance | minimal | — | — |
| 25 Sept 2026 · Re-appointment of 2 Executive Directors and new Secretarial Auditor | management changes | medium | — | — |
| 25 Sept 2026 · OM Freight 31st AGM: All 4 resolutions passed with 99.99% approval | board shareholder meetings | medium | — | — |
| 24 Sept 2026 · Om Freight Forwarders 31st AGM held on September 24, 2026 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · NSE sought clarification on Q1 FY27 results signing authority | regulatory legal | medium | — | — |
| 8 Sept 2026 · NSE seeks clarification from Om Freight Forwarders on Q1 FY27 results | compliance | low | — | — |
| 3 Sept 2026 · OM Freight Forwarders publishes 31st AGM notice in newspapers | compliance | minimal | — | — |
| 2 Sept 2026 · 31st AGM scheduled for September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Notice of 31st AGM on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 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 |
Sources, method and disclosures
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.