Tejas Cargo India Ltd
Incorporated in March 2021, Tejas Cargo India Limited is a logistics company providing supply chain transportation services by road throughout India.[1]
- Market Cap ₹ 667 Cr.
- Current Price ₹ 279
- High / Low ₹ 364 / 153
- Stock P/E 29.1
- Book Value ₹ 77.8
- Dividend Yield 0.00 %
- ROCE 15.6 %
- ROE 16.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 56.3 to 69.9 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
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Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 209 | 384 | 419 | 501 | 550 | |
| 201 | 354 | 353 | 404 | 453 | |
| Operating Profit | 8 | 31 | 66 | 97 | 97 |
| OPM % | 4% | 8% | 16% | 19% | 18% |
| 0 | 2 | 3 | 7 | 9 | |
| Interest | 1 | 5 | 11 | 17 | 16 |
| Depreciation | 3 | 14 | 41 | 61 | 59 |
| Profit before tax | 4 | 14 | 17 | 26 | 31 |
| Tax % | 25% | 27% | 24% | 26% | |
| 3 | 10 | 13 | 19 | 23 | |
| EPS in Rs | 3,160.00 | 9,860.00 | 541.14 | 8.00 | 9.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 82% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.24 | 24 | 24 |
| Reserves | 3 | 13 | 55 | 149 | 162 |
| 31 | 83 | 161 | 159 | 180 | |
| 29 | 20 | 19 | 28 | 36 | |
| Total Liabilities | 64 | 116 | 236 | 360 | 402 |
| 17 | 53 | 124 | 153 | 204 | |
| CWIP | 0 | 0 | 0 | 20 | 13 |
| Investments | 0 | 0 | 19 | 18 | 18 |
| 46 | 64 | 93 | 169 | 167 | |
| Total Assets | 64 | 116 | 236 | 360 | 402 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -5 | 17 | 48 | 63 | |
| -25 | -46 | -131 | -110 | |
| 30 | 32 | 87 | 80 | |
| Net Cash Flow | 0 | 3 | 5 | 34 |
| Free Cash Flow | -25 | -32 | -63 | -47 |
| CFO/OP | -52% | 68% | 80% | 72% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 62 | 38 | 61 | 70 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 62 | 38 | 61 | 70 |
| Working Capital Days | -2 | 6 | -14 | 18 |
| ROCE % | 28% | 18% | 16% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Fleet Size (Owned Vehicles) Number of Vehicles |
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| Number of Trips Completed Number |
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| Number of Branches Number |
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| Top 10 Clients Revenue Concentration % |
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| Vehicle Composition - Trailers Number |
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| Fleet Utilization % |
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| Fuel Savings via In-house Pump % |
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| On-Time Performance % |
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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
20 April 2026 - Submitted Share Capital Audit Report for quarter/year ended March 31, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no demat/remat requests.
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Credit Rating- Others
26 March 2026 - CARE downgraded Tejas Cargo to CARE BB+/A4+ (Issuer Not Cooperating) on March 20, 2026; ICRA BBB+ remains.
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Trading Window
25 March 2026 - Trading window closed Apr 01, 2026 until 48 hours after audited FY2026 results.
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Outcome of Board Meeting
12 March 2026 - Appoints Abhishek Lunia as CFO and KMP effective April 7, 2026.
Concalls
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Nov 2025Transcript PPT
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Jul 2025TranscriptAI SummaryPPT
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Mar 2025TranscriptAI SummaryPPT
Business Profile[1]
Tejas Cargo India Limited is a logistics company based in Faridabad, Haryana, providing long-haul supply chain transportation services by road across India. The company specializes in Full Truck Load (FTL) transportation services, serving logistics, steel & cement, e-commerce, industrial & chemicals, FMCG, and white goods.