Patel Integrated Logistics Ltd

Patel Integrated Logistics Ltd

₹ 16.0 0.00%
23 May 3:45 p.m.
About

Incorporated in 1962, Patel Integrated Logistics Ltd is in the business of Co-Loading of Airfreight and Logistics[1]

Key Points

History[1]
1962 - PILL was incorporated by Mr. Asgar Shakoor Patel as “Patel Roadways Private Limited” (PRL) to cater to surface transport logistics across India and over the years the company has expanded its services to Air freight and warehousing.
1988 - Patel On-Board Couriers Ltd. (POBC) was launched initially for the business of wholesale couriers
2006 - Patel Integrated Logistics Limited (PILL) was formed with the merger of erstwhile Patel Roadways Limited and Patel On-Board Couriers Ltd. The company was a pioneer in the logistics sector in India, including express delivery, full truckload (FTL), less than truckload (LTL), domestic air courier, international courier consolidation, door pick-up, door pick-up delivery, and warehousing.
2018 - the company rebranded itself

  • Market Cap 112 Cr.
  • Current Price 16.0
  • High / Low 27.6 / 12.8
  • Stock P/E 14.7
  • Book Value 17.5
  • Dividend Yield 0.61 %
  • ROCE 6.36 %
  • ROE 6.31 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.92 times its book value
  • Company has delivered good profit growth of 19.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.5%
  • Debtor days have improved from 94.3 to 71.9 days.

Cons

  • The company has delivered a poor sales growth of -0.27% over past five years.
  • Promoter holding is low: 35.9%
  • Tax rate seems low
  • Company has a low return on equity of 5.06% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.17%

* 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

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
65.04 71.49 81.50 61.15 64.13 61.05 66.85 76.81 85.85 82.11 84.23 89.74 86.63
61.54 68.86 78.44 58.12 62.57 59.08 64.57 74.73 83.07 79.98 82.03 87.39 84.53
Operating Profit 3.50 2.63 3.06 3.03 1.56 1.97 2.28 2.08 2.78 2.13 2.20 2.35 2.10
OPM % 5.38% 3.68% 3.75% 4.96% 2.43% 3.23% 3.41% 2.71% 3.24% 2.59% 2.61% 2.62% 2.42%
0.43 0.51 0.47 0.13 0.95 0.37 0.37 0.69 0.54 0.56 0.96 0.69 0.46
Interest 1.22 1.27 1.44 1.36 0.71 0.61 0.60 0.57 0.82 0.45 0.43 0.20 0.09
Depreciation 0.72 0.77 0.74 0.71 0.70 0.70 0.71 0.70 0.70 0.71 0.66 0.64 0.61
Profit before tax 1.99 1.10 1.35 1.09 1.10 1.03 1.34 1.50 1.80 1.53 2.07 2.20 1.86
Tax % -7.04% -0.91% 8.15% -7.34% -24.55% -0.97% 0.00% 0.67% 7.22% 0.00% 1.93% 0.91% 0.00%
2.14 1.11 1.25 1.17 1.37 1.04 1.34 1.49 1.67 1.53 2.03 2.18 1.86
EPS in Rs 0.30 0.16 0.18 0.17 0.20 0.15 0.19 0.21 0.24 0.22 0.29 0.31 0.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
543 588 511 454 424 448 347 212 234 278 291 343
527 568 490 436 406 433 339 207 227 268 281 334
Operating Profit 16 20 22 18 17 15 8 5 8 10 9 9
OPM % 3% 3% 4% 4% 4% 3% 2% 2% 3% 4% 3% 3%
1 2 3 5 5 6 16 5 3 2 2 3
Interest 9 9 9 8 7 8 7 8 5 5 3 1
Depreciation 4 5 4 4 5 5 4 2 3 3 3 3
Profit before tax 3 8 11 10 11 7 13 0 2 5 6 8
Tax % 24% 25% 24% 25% 23% 15% 16% 79% -2% -5% 2% 1%
2 6 8 8 8 6 11 0 2 5 6 8
EPS in Rs 0.36 0.91 1.23 1.15 1.16 0.89 1.51 0.01 0.32 0.70 0.80 1.09
Dividend Payout % 32% 13% 9% 10% 15% 13% 2% 521% 16% 13% 12% 27%
Compounded Sales Growth
10 Years: -5%
5 Years: 0%
3 Years: 14%
TTM: 18%
Compounded Profit Growth
10 Years: 2%
5 Years: 19%
3 Years: 50%
TTM: 37%
Stock Price CAGR
10 Years: -10%
5 Years: 19%
3 Years: 3%
1 Year: -24%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 5%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 15 16 16 17 17 17 26 36 65 65 70
Reserves 75 75 91 99 111 112 102 91 81 53 55 52
45 48 61 62 68 76 61 62 48 31 24 13
56 48 34 22 32 23 26 12 14 23 49 33
Total Liabilities 192 187 202 199 228 227 205 190 179 172 192 168
48 42 40 52 58 60 51 53 57 55 48 47
CWIP 0 0 0 2 4 2 2 1 0 0 0 0
Investments 2 2 2 12 16 14 11 9 6 5 5 4
141 142 160 133 150 151 142 127 116 112 139 117
Total Assets 192 187 202 199 228 227 205 190 179 172 192 168

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16 9 -0 15 6 -3 -16 5 9 -4 12 1
-5 -1 -1 -18 -11 1 40 4 -1 5 9 1
-15 -8 14 -3 4 -7 -18 3 -4 23 -10 -5
Net Cash Flow -4 0 13 -6 -2 -9 7 12 4 24 11 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 58 56 67 70 89 81 93 124 100 97 114 72
Inventory Days
Days Payable
Cash Conversion Cycle 58 56 67 70 89 81 93 124 100 97 114 72
Working Capital Days 45 46 62 68 77 85 104 147 125 84 75 63
ROCE % 9% 12% 13% 11% 10% 8% 6% 4% 4% 6% 6% 6%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
41.08% 39.86% 39.54% 39.49% 39.17% 37.31% 36.85% 36.85% 36.42% 35.52% 36.12% 35.91%
0.00% 0.25% 0.00% 0.00% 0.01% 0.08% 0.03% 0.02% 0.17% 0.00% 0.17% 0.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.62% 0.00% 0.00% 0.00% 0.00% 0.00%
58.92% 59.88% 60.47% 60.51% 60.83% 62.61% 62.50% 63.13% 63.40% 64.47% 63.70% 63.93%
No. of Shareholders 27,40228,88129,62829,40226,87827,89131,65634,56834,32838,62342,50842,016

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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