NSE: SVLL
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 4 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 56 | 56 | 62 | 65 |
| Profit before tax | 1 | (1) | 5 | 4 |
| Net profit | 1 | (1) | 4 | 3 |
| EPS (₹) | 0.90 | (0.98) | 3.48 | 2.83 |
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 | 37,239 | 29.9 | 2.85 | 15.8 | 9.5 | 11.6 | 7.2 | 24.5 |
| DELHIVERY LIMITED | 32,575 | 348.0 | 3.36 | 33.2 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 15,970 | 99.3 | 9.15 | 63.3 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 11,386 | 39.7 | 6.41 | 12.0 | 13.9 | 13.4 | 13.3 | 16.7 |
| TRANSPORT CORPN OF INDIA | 6,199 | 13.5 | 2.38 | 11.2 | 17.7 | 14.4 | 11.9 | 11.3 |
| TVS SUPPLY CHAIN SOL L | 5,866 | 91.0 | 2.84 | 7.1 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 5,108 | 19.1 | 4.47 | — | 20.7 | 14.5 | — | 21.9 |
| MAHINDRA LOGISTIC LIMITED | 3,951 | 106.8 | 3.29 | 10.1 | 0.9 | 2.0 | 16.5 | 6.3 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 131.0 | 15.6 | 52 of 54 | 4% |
| P/B | 23.5 | 1.6 | 40 of 40 | 0% |
| ROCE | 3.6 | 6.8 | 36 of 56 | 36% |
| ROE | 14.5 | 5.7 | 7 of 42 | 85% |
| Debt / Equity | 2.9 | 0.2 | 42 of 42 | 0% |
| EBITDA margin | 28.2 | 8.7 | 5 of 43 | 91% |
| Market cap | 938 | 123 | 16 of 56 | 73% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Newspaper publication of 20th AGM notice and e-voting details | compliance | minimal | — | — |
| 3 Sept 2026 · SVLL: 20th AGM on Sept 25, 2026 via video conferencing; Annual Report FY26 link shared | compliance | minimal | — | — |
| 3 Sept 2026 · 20th AGM Notice on Sep 25, 2026; auditor re-appointment and loan ratification on agenda | board shareholder meetings | low | — | — |
| 1 Sept 2026 · 20th AGM Notice Published in Newspapers on September 25, 2026 via Video Conferencing | compliance | minimal | — | — |
| 8 Aug 2026 · Q1 FY27 results: revenue up 30%, PAT up 79%; Rs 9.05Cr loan to associate; auditor reappointed | board shareholder meetings | medium | — | — |
| 8 Aug 2026 · Q1 FY27 Results: Revenue up 30%, PAT up 79% YoY; Loan 9.05 Cr to Associate | results | high | — | — |
| 21 Jul 2026 · Postal ballot results: 8 resolutions passed including director remuneration and RPTs | board shareholder meetings | medium | — | — |
| 16 Jul 2026 · Board approves additional BSE listing alongside existing NSE listing | board shareholder meetings | medium | — | — |
| 13 Jul 2026 · RTA certificate: no rematerialisation requests in Q1 FY27 | compliance | minimal | — | — |
| 1 Jul 2026 · Newspaper publication of corrigendum to Postal Ballot Notice | 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.