BSE: 544237
RAPID MULTIMODAL LOGISTICS LIM
Provides goods transportation services in India and is listed on the BSE SME platform under scrip code 544237. For FY26, revenue from operations was Rs 143.0193 crore, up 38.9% from a year earlier, while profit after tax declined 16.7% to Rs 188.57 lakhs and EPS fell to Rs 4.95 from Rs 5.69. The cost structure is dominated by direct service costs at 95.5% of revenue in FY26, with employee cost at 0.9% of revenue, other operating expenses at 1.8%, and capex at 0.1% of revenue. Operating cash flow was negative at Rs 182.33 lakhs in H1 FY26, and cash and cash equivalents dropped to Rs 172.50 lakhs from Rs 398.77 lakhs over the year, while trade receivables rose to Rs 1,509 lakhs from Rs 1,206 lakhs. Total assets stood at Rs 22.2729 crore at FY26 end and the company is debt-free. The registered office is in Chennai, and the entity recently converted from a private to a public limited company. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Goods transportation services. Small, asset-light goods transportation services operator on the BSE SME platform
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 103 | 143 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 5.69 | 4.95 |
| ROE % · ROCE % | — · 21.5 | — · 15.7 |
| Debt / equity (x) | — | — |
| Cash from operations | (1) | 0 |
| Capex | (0) | (0) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 44 | 59 | 70 | 73 |
| Profit before tax | 2 | 1 | 1 | 2 |
| Net profit | — | — | — | — |
| EPS (₹) | 4.30 | 1.40 | 1.24 | 3.71 |
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) | 16.5 | 15.6 | 27 of 51 | 48% |
| ROCE | 15.5 | 7.7 | 7 of 55 | 89% |
| Market cap | 67 | 119 | 36 of 56 | 36% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · RTA confirms shares fully in demat form, Reg 74(5) not applicable | compliance | minimal | — | — |
| 1 Oct 2026 · AGM voting results: All resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Reappointment of Executive Director Manoj Goel approved at AGM | management changes | medium | — | — |
| 29 Sept 2026 · 6th AGM held on Sep 29, 2026; FY26 financials and directors report adopted | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Trading window closure for Q2 and H1 FY26 results period | compliance | minimal | — | — |
| 8 Sept 2026 · Rapid Multimodal Logistics - 6th AGM notice published in newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · Rapid Multimodal Logistics submits FY26 Annual Report to BSE | compliance | low | — | — |
| 7 Sept 2026 · Notice of 6th AGM on Sept 29, 2026 with 3 ordinary business items | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Rapid Multimodal Logistics FY26 Annual Report: revenue up 39%, profit down 17% | compliance | medium | — | — |
| 5 Sept 2026 · AGM notice and FY26 Annual Report dispatched to shareholders | compliance | minimal | — | — |
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.