BSE: 544383
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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Transportation, Stevedoring and cargo handling, Equipment supply and hiring, In-plant logistics, Civil and maritime construction, Chemical trading. Services-led, asset-light (capex 3.3% of revenue) integrated logistics and port-cargo operator with diversified industrial customers.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 419 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 21.09 |
| ROE % · ROCE % | — · 27.3 |
| Debt / equity (x) | — |
| Cash from operations | 2 |
| Capex | (14) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 184 | 235 |
| Profit before tax | 21 | 25 |
| Net profit | — | — |
| EPS (₹) | 10.75 | 10.34 |
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) | 14.8 | 15.6 | 21 of 51 | 60% |
| ROCE | 24.4 | 7.7 | 2 of 55 | 98% |
| Market cap | 496 | 119 | 20 of 56 | 66% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 25 Oct 2026 · PPL wins 10-year JSW order for 100 electric trucks | compliance | low | — | — |
| 24 Oct 2026 · PPL wins 10-year JSW contract for 100 electric trucks | business updates | high | — | — |
| 10 Oct 2026 · Quarterly Compliance Certificate Under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 9 Oct 2026 · New 2-year road transport contract with JSW Cement worth about 30 crore annually | business updates | high | — | — |
| 29 Aug 2026 · Shareholders approve Abdul Basith Shaikh as Executive Director | management changes | medium | — | — |
| 27 Aug 2026 · AGM 2026: All 7 resolutions approved by shareholders | board shareholder meetings | low | — | — |
| 26 Aug 2026 · 26th AGM held; 7 resolutions including 300 crore borrowing limit | board shareholder meetings | medium | — | — |
| 5 Aug 2026 · Paradeep Parivahan: 26th AGM notice published in newspapers | compliance | minimal | — | — |
| 4 Aug 2026 · Book Closure for 26th AGM from Aug 20 to Aug 26, 2026 | compliance | minimal | — | — |
| 4 Aug 2026 · Paradeep Parivahan files FY26 Annual Report, revenue up about 25 percent | results | medium | — | — |
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.