NSE: SVLL · BSE: 544997
SHREE VASU LOGISTICS LTD
Operates as a third-party logistics (3PL) and warehousing provider, running 4.5 million sq ft of warehousing space, a fleet of 350+ vehicles, and a network covering 15 states, 34+ cities, and 7,000+ serviceable pin codes. The 3PL Business contributes 92.1% of segment revenue at ₹206.39 crore (FY26 YTD), handling 65,000+ SKUs for 65+ clients including Dabur, Marico, Reckitt, Godrej, Pidilite, JK Tyre, Parle, and Zepto. The Retail Trading Business makes up the remaining 7.9% at ₹17.60 crore, while unallocated assets contribute nothing. The business started in 1987 with FMCG distribution and has grown into a multi-service 3PL player, with a stated 2025–30 roadmap to expand to 50+ cities and 50 million sq ft of warehouse capacity. The biggest cost line is other operating expenses at 55% of revenue, followed by depreciation at 16% and employee costs at 14.2%, reflecting an asset-heavy warehousing and fleet model. Capital expenditure runs at 11.8% of revenue. FY26 revenue stood at ₹223.99 crore with EBITDA margin of 27.01% and net profit of ₹5.78 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. 3PL Business (92%), Retail Trading Business (8%). Asset-heavy 3PL logistics and warehousing with a fleet and large warehouse footprint.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 224 |
| EBITDA (ex other income) | 57 |
| margin % | 25.4 |
| Owners' profit | 6 |
| EPS, as reported (₹) | 5.03 |
| ROE % · ROCE % | 14.5 · 12.9 |
| Debt / equity (x) | 2.90 |
| Cash from operations | 32 |
| Capex | (27) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|
| Revenue | 56 | 56 | 62 | 65 | 80 |
| Profit before tax | 1 | (1) | 5 | 4 | 6 |
| Net profit | 1 | (1) | 4 | 3 | 5 |
| EPS (₹) | 0.90 | (0.98) | 3.48 | 2.83 | 4.42 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| 3PL Business | 58 | 33.5 |
| Retail trading Business | 4 | 2.4 |
| 3PL BUSINESS | 103 | 58.9 |
| RETAIL TRADING BUSINESS | 9 | 5.3 |
| Total, before eliminations | 174 | 100.0 |
Exhibit 4: 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 | 33,496 | 27.4 | 2.48 | 16.9 | 4.6 | 5.6 | 7.2 | 23.1 |
| DELHIVERY LIMITED | 32,070 | 173.3 | 3.27 | 49.7 | 0.7 | 0.7 | — | 6.7 |
| SHADOWFAX TECHNOLOGIES L | 17,051 | 74.3 | 9.03 | 79.2 | 7.1 | 6.1 | — | 6.7 |
| BLUE DART EXPRESS LTD | 10,714 | 37.3 | 6.03 | 11.2 | 13.9 | 13.4 | 13.3 | 15.8 |
| TRANSPORT CORPN OF INDIA | 6,630 | 14.4 | 2.34 | 13.1 | 7.9 | 6.6 | 11.9 | 10.4 |
| VRL LOGISTICS LIMITED | 5,909 | 14.7 | 4.46 | — | — | — | — | 22.1 |
| TVS SUPPLY CHAIN SOL L | 5,173 | 80.3 | 2.51 | 7.3 | 5.7 | 4.8 | — | 6.7 |
| MAHINDRA LOGISTIC LIMITED | 4,180 | 55.6 | 3.39 | 10.9 | 4.6 | 4.5 | 16.5 | 5.9 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 79.1 | 15.5 | 48 of 51 | 6% |
| P/B | 18.4 | 1.4 | 41 of 41 | 0% |
| ROCE | 4.9 | 5.6 | 27 of 50 | 47% |
| ROE | 17.3 | 5.0 | 2 of 40 | 97% |
| Debt / Equity | 2.2 | 0.3 | 41 of 41 | 0% |
| EBITDA margin | 25.6 | 6.7 | 3 of 56 | 96% |
| Revenue growth | 43.4 | 12.6 | 9 of 43 | 81% |
| Profit growth | 390.0 | 78.2 | 4 of 36 | 91% |
| Market cap | 886 | 126 | 16 of 56 | 73% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Nov 2026 · H1 FY2027 post-earnings conference call recording shared | investor communications | low | — | — |
| 5 Nov 2026 · Post-earnings conference call recording available | investor communications | low | — | — |
| 5 Nov 2026 · First-half FY27 profit jumps; 2031 turnover target set | investor communications | medium | — | — |
| 5 Nov 2026 · Quarter ended September 2026: consolidated revenue up 43%, profit after tax up 390% | results | high | — | — |
| 4 Nov 2026 · Consolidated Sep 2026 quarter: revenue Rs 8,023 lakh vs 5,597 lakh; profit Rs 508 lakh vs 104 lakh | results | high | — | — |
| 2 Nov 2026 · Investor call set for November 5 half-year results discussion | board shareholder meetings | low | — | — |
| 31 Oct 2026 · Board meeting set to approve September quarter results | results | low | — | — |
| 22 Oct 2026 · BSE grants listing approval to Shree Vasu Logistics for direct listing | capital market events | low | — | — |
| 17 Oct 2026 · BSE in-principle approval for direct listing of equity shares on Main Board | capital market events | high | — | — |
| 14 Oct 2026 · ESOP: 5,000 stock options granted to employees | capital market events | 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 |
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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.