BSE: 543754
TRANSVOY LOGISTICS INDIA LIMIT
Operates as a logistics solution provider focused on export-import (EXIM) container transportation, moving containers between ports and customers using a fleet of heavy-duty trailers. In November 2025, the company purchased 15 new Ashok Leyland 4020 trailers for ₹36 crore, expanding its fleet from 30 to 45 trailers, a 50% increase. The group includes three subsidiaries — Transvoy Logistics Pte Ltd (Singapore) and Aashirvad Shipping and Allied Private Limited, pointing to overseas and shipping-linked operations alongside the domestic EXIM business. Materials-related costs dominate the cost structure at 67.1% of revenue, with employee costs at just 3.0% and other operating expenses at 20.1%, consistent with a transport model where fuel, freight, or third-party haulage form the bulk of input costs. Capex ran at 29.3% of revenue in FY26, reflecting heavy investment in vehicles. In October 2025, the company raised about ₹35.87 crore through 35,86,960 convertible warrants to fund further expansion. Long-term borrowings rose from ₹5.84 crore to ₹15.15 crore during the year, against a net worth of ₹25.59 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EXIM container transportation, Subsidiary operations (Singapore and shipping). Asset-heavy, transport-services logistics provider with significant fleet capex.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 28 | 35 | 65 |
| EBITDA (ex other income) | 1 | 3 | 4 |
| margin % | 2.0 | 9.3 | 5.4 |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | 0.62 | 6.99 | 6.55 |
| ROE % · ROCE % | — · 4.9 | — · 22.0 | — · 8.9 |
| Debt / equity (x) | — | — | — |
| Cash from operations | (3) | 0 | 8 |
| Capex | — | (4) | (19) |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 | Q2 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 7 | 21 | 14 | 22 | 29 | 36 | 33 |
| Profit before tax | 0 | 0 | 1 | 2 | 2 | 0 | 2 |
| Net profit | — | — | — | — | — | — | — |
| EPS (₹) | 1.04 | (0.42) | 2.41 | 5.99 | 4.69 | 1.85 | 7.05 |
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 | 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 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.4 | 15.5 | 5 of 51 | 92% |
| EBITDA margin | 9.3 | 6.7 | 23 of 56 | 60% |
| Revenue growth | 141.9 | 12.6 | 2 of 43 | 98% |
| Market cap | 23 | 126 | 48 of 56 | 15% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · September half-year profit rises 56% on 15% revenue growth | results | high | — | — |
| 27 Oct 2026 · Half-year profit rises 56% as revenue increases 15% | results | medium | — | — |
| 19 Oct 2026 · Board meeting on Oct 27, 2026 to consider H1 FY26-27 results | results | low | — | — |
| 15 Oct 2026 · Compliance certificate for dematerialisation of securities Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · 11th AGM: All 6 resolutions passed unanimously; board re-appointed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 till results announcement | compliance | minimal | — | — |
| 26 Sept 2026 · Transvoy Logistics holds 11th AGM via video conferencing | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Transvoy Logistics FY26 Annual Report and AGM Notice | results | high | — | — |
| 29 Aug 2026 · Book Closure for AGM from Sep 19 to Sep 26, 2026 | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Transvoy Logistics fixes record date for 11th AGM on Sept 26, 2026 | board shareholder meetings | 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 |
| 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.