Ashapura Logistics Ltd
Incorporated in 2002, Ashapura Logistics Limited is an Indian logistics company.[1]
- Market Cap ₹ 94.3 Cr.
- Current Price ₹ 69.6
- High / Low ₹ 103 / 60.0
- Stock P/E 8.65
- Book Value ₹ 86.1
- Dividend Yield 0.00 %
- ROCE 10.2 %
- ROE 8.57 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.0% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 170 days.
- Working capital days have increased from 72.9 days to 105 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 137 | 148 | 172 | 145 | 176 | 237 | |
| 123 | 135 | 158 | 130 | 159 | 212 | |
| Operating Profit | 14 | 13 | 14 | 15 | 16 | 25 |
| OPM % | 10% | 9% | 8% | 10% | 9% | 11% |
| 0 | 0 | 0 | 1 | 2 | 2 | |
| Interest | 2 | 4 | 3 | 3 | 4 | 5 |
| Depreciation | 2 | 1 | 2 | 3 | 5 | 7 |
| Profit before tax | 10 | 8 | 10 | 10 | 10 | 15 |
| Tax % | 25% | 25% | 25% | 26% | 26% | |
| 7 | 6 | 7 | 7 | 7 | 11 | |
| EPS in Rs | 7.12 | 5.17 | 8.04 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 0.37 | 0.37 | 10 | 14 | 14 |
| Reserves | 26 | 32 | 40 | 42 | 98 | 103 |
| 26 | 32 | 29 | 40 | 61 | 74 | |
| 27 | 22 | 15 | 12 | 13 | 25 | |
| Total Liabilities | 80 | 86 | 84 | 104 | 186 | 215 |
| 10 | 11 | 11 | 17 | 42 | 47 | |
| CWIP | 0 | 0 | 0 | 0 | 6 | 15 |
| Investments | 4 | 3 | 4 | 4 | 9 | 5 |
| 66 | 72 | 69 | 83 | 129 | 148 | |
| Total Assets | 80 | 86 | 84 | 104 | 186 | 215 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 10 | 1 | 10 | 2 | -24 | |
| -0 | -2 | -3 | -8 | -47 | |
| -10 | 1 | -7 | 10 | 68 | |
| Net Cash Flow | -1 | 0 | 0 | 4 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 149 | 121 | 111 | 148 | 170 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 149 | 121 | 111 | 148 | 170 |
| Working Capital Days | 43 | 48 | 47 | 67 | 105 |
| ROCE % | 20% | 19% | 16% | 10% |
Documents
Announcements
-
Appointment
14 November 2025 - Appointed M/s. GBP & Associates as internal auditors for FY2025-26 on Nov 14, 2025.
-
Change in Auditors
14 November 2025 - Internal auditor M/s SSBK & Co. resigned effective 14 November 2025.
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2025 - No deviation in IPO proceeds utilization; statement reviewed by Audit Committee for half-year ended Sep 30, 2025.
-
Outcome of Board Meeting
14 November 2025 - Unaudited H1 FY26 consolidated revenue Rs16,549.76 lakh, PAT Rs726.50 lakh; internal auditor changed; results approved 14 Nov 2025.
-
Outcome of Board Meeting
10 November 2025 - Appointed Ms. Riya Sanjay Prajapati as Company Secretary and Compliance Officer effective 10 November 2025.
Business Service[1]
A) Handling cargo and forwarding freight
B) Transportation, including project logistics and third-party logistics ("3PL")
C) Warehousing and distribution