PARADEEP PARIVAHAN LIMITED

Runs an integrated logistics and port-cargo operation out of east-coast India, with services spanning transportation, stevedoring, cargo handling, equipment supply and in-plant logistics for industrial customers. Operates a 183-vehicle fleet with a 1,124-person workforce; consolidated FY26 revenue stood at Rs 418.92 cr, with H1 FY26 at Rs 178 cr (+29.4% YoY) and EBITDA margin at 14.3–14.6%. Diversification is in motion: four wholly-owned subsidiaries (MRTC India, ASK Logistiek, Pharmachem Traders, Nirkon Industries) were acquired in August 2025 for ~Rs 15.45 cr to add port, logistics and chemical-trading lines; civil/maritime construction contracts are live with L&T, and a chemical-trading business via a 40-year-old company acquisition is being seeded. A 45-unit electric heavy-duty tractor-trailer fleet is being deployed under an 8-year clinker haul agreement with UltraTech Cement, and an IFFCO phosphogypsum commitment of ~1 crore metric tons is set to start mid-January 2026 pending clearance. Visible order book stands at Rs 420 cr at end-FY26 and Rs 540 cr for FY27. Costs are dominated by other operating expenses (64.3% of revenue) and employee costs (18.6%), with no material/input cost component and capex at 3.3% of revenue.