Arshiya Ltd.

•

arshiyalimited.comBSE: 506074NSE: ARSHIYA

Market Cap₹ 20 Cr.

Current Price

High / Low₹ 2 / 1

Stock P/E—

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE5.0 %

ROE-67.5 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • CFS/FTWZ Operations & Related Services: 64.7% • Rail Transport Operations: 32.8% • Domestic Warehousing: 2.5%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 20.4%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.22x)
Company generates healthy free cash flow
Working capital cycle has improved - days down from -2374 to -3057

CONS

Company is loss-making at the operating / net level
Company has a high debt-to-equity of 5.78x
Company has a low return on equity of -583.7% over last 3 years
Interest coverage is weak at 0.3x - earnings barely cover interest
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	499.80	30.65	38065.66	1.72	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	438.60	351.36	32864.05	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.25	133.05	14862.94	0.00	654.00	—	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	629.05	67.88	11459.23	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	859.95	14.47	6607.09	1.16	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	130.35	88.81	5751.35	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.88	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	396.65	102.33	3937.84	0.63	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	24.08	47.98	3712.96	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.34	10.91	2665.10	6.09	51.27	-17.56	549.30	-0.21	17.99	21.31
11.	TCIEXP	513.50	23.94	1974.11	1.36	204.90	952.39	3134.00	992.94	13.92	10.03
12.	ARSHIYA	0.75	0.00	19.76	0.00	-2417.06	-2627.99	34.02	-3.63	0.00	-13076.37

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	39	35	37	37	35	36	40	39	34
	27	16	27	24	30	63	17	16	30
Operating Profit	12	19	10	13	5	-27	23	23	4
OPM %	30.42%	54.09%	26.81%	34.30%	13.63%	-75.77%	58.63%	59.01%	10.61%
	581	92	3	2	8	1	1	1	-2,207
Interest	-30	43	57	45	108	55	57	63	181
Depreciation	18	20	20	20	24	20	21	21	34
Profit before Tax	605	47	-64	-51	-120	-102	-53	-60	-2,417
Tax %	-0.00%	0.29%	-0.51%	-0.00%	0.01%	-0.00%	-1.01%	-0.00%	0.01%
Net Profit	0	47	-65	-51	-89	-102	-54	-60	-2,417
	23.06	1.81	-2.47	-1.93	-4.54	-3.86	-2.04	-2.26	-91.74

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	517	324	309	269	259	289	294	143	150	143	148
	700	295	254	232	221	263	202	58	71	110	125
Operating Profit	-184	29	54	37	38	26	93	85	79	33	23
OPM %	-35.57%	9.06%	17.59%	13.76%	14.53%	8.99%	31.57%	59.19%	52.52%	23.16%	15.43%
	-192	-4	-220	-17	411	76	-65	17	587	102	-2,203
Interest	366	404	344	295	316	276	336	232	162	212	357
Depreciation	84	101	92	108	102	94	143	73	72	79	95
Profit before Tax	-825	-480	-601	-383	31	-268	-451	-203	431	-156	-2,632
Tax %	-2.51%	1.18%	-0.53%	-0.01%	0.88%	-0.03%	-2.46%	-0.04%	0.07%	-0.29%	-0.01%
Net Profit	-846	-474	-604	-383	31	-268	-462	-203	431	-157	-2,632
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-7.95	16.11	-5.97	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -19%
5 Years:: -11%
3 Years:: -21%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -30%
5 Years:: -52%
3 Years:: -47%
1 Year:: -62%

RETURN ON EQUITY

10 Years:: -218%
5 Years:: -386%
3 Years:: -584%
Last Year:: -68%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	13	25	31	31	46	49	52	52	52	53
	529	197	-375	102	666	491	83	-168	256	103
	2,797	2,296	779	1,590	1,580	1,417	1,380	690	1,028	992
Trade Payables	109	22	14	17	18	31	28	20	22	23
	489	1,224	2,983	1,559	847	1,070	1,563	1,348	545	638
Total Liabilities	3,938	3,765	3,431	3,300	3,156	3,058	3,106	1,943	1,904	1,809
	3,167	3,061	3,272	3,190	2,874	2,623	2,635	1,439	1,485	1,308
Capital Work in Progress	562	560	0	0	0	1	0	1	2	2
	0	0	2	0	0	165	125	125	125	125
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	10	6	12	9	18	14	12	9	8	10
	198	137	146	101	264	255	333	368	283	364
Total Assets	3,938	3,765	3,431	3,300	3,156	3,058	3,106	1,943	1,904	1,809

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-49	36	47	33	-135	19	75	59	68	99
Cash from Investing	6	0	-3	-5	367	-19	-29	-25	154	-29
Cash from Financing	73	-42	-40	-34	-218	2	-47	-37	-227	-70
	2	-4	6	-3	9	-3	4	-2	-4	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
14.37	14.37	14.37	14.37	14.37	14.37	14.37	14.37	14.37
0.05	0.04	0.04	0.04	0.00	0.00	0.00	0.00	0.00
1.06	1.06	1.06	1.06	1.06	1.06	1.06	1.06	1.06
0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
84.50	84.52	84.52	84.52	84.56	84.56	84.56	84.57	84.56

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-14

Reasons for Delayed/Non-submission of Financial Results

2026-08-14 - Arshiya Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results for the Quarter ended on June 30, 2026

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 30-Jun-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 31-Dec-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted -2. The company has not submitted the Statement of Impact of Audit Qualifications in case of modified opinion(s) The response of the Company is enclosed.

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.

2026-07-28

Reply to Clarification- Financial results

2026-07-28 - The Exchange had sought clarification from Arshiya Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.

2026-07-20

Clarification - Financial Results

2026-07-20 - The Exchange has sought clarification from Arshiya Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Consolidated Financial Results not submitted -2. The company has not submitted the Statement of Impact of Audit Qualifications in case of modified opinion(s) The response of the Company is awaited.

News

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Arshiya Ltd.

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Free 5nance Account

Name

CONCOR

499.80

30.65

38065.66

1.72

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

438.60

351.36

32864.05

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.25

133.05

14862.94

0.00

654.00

—

13581.20

1806.32

11.58

6.76

BLACKBUCK

629.05

67.88

11459.23

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

859.95

14.47

6607.09

1.16

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

130.35

88.81

5751.35

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.88

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

396.65

102.33

3937.84

0.63

27.83

394.81

2002.88

23.29

10.40

5.76

SINDHUTRAD

24.08

47.98

3712.96

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.34

10.91

2665.10

6.09

51.27

-17.56

549.30

-0.21

17.99

21.31

TCIEXP

513.50

23.94

1974.11

1.36

204.90

952.39

3134.00

992.94

13.92

10.03

ARSHIYA

0.75

0.00

19.76

0.00

-2417.06

-2627.99

34.02

-3.63

0.00

-13076.37

Mar 2022

Jun 2022

Sep 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Operating Profit

-27

OPM %

30.42%

54.09%

26.81%

34.30%

13.63%

-75.77%

58.63%

59.01%

10.61%

581

-2,207

Interest

-30

108

181

Depreciation

Profit before Tax

605

-64

-51

-120

-102

-53

-60

-2,417

Tax %

-0.00%

0.29%

-0.51%

-0.00%

0.01%

-0.00%

-1.01%

-0.00%

0.01%

Net Profit

-65

-51

-89

-102

-54

-60

-2,417

23.06

1.81

-2.47

-1.93

-4.54

-3.86

-2.04

-2.26

-91.74

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

TTM

517

324

309

269

259

289

294

143

150

143

148

700

295

254

232

221

263

202

110

125

Operating Profit

-184

OPM %

-35.57%

9.06%

17.59%

13.76%

14.53%

8.99%

31.57%

59.19%

52.52%

23.16%

15.43%

-192

-4

-220

-17

411

-65

587

102

-2,203

Interest

366

404

344

295

316

276

336

232

162

212

357

Depreciation

101

108

102

143

Profit before Tax

-825

-480

-601

-383

-268

-451

-203

431

-156

-2,632

Tax %

-2.51%

1.18%

-0.53%

-0.01%

0.88%

-0.03%

-2.46%

-0.04%

0.07%

-0.29%

-0.01%

Net Profit

-846

-474

-604

-383

-268

-462

-203

431

-157

-2,632

EPS

0.00

-7.95

16.11

-5.97

—

Dividend Payout %

0.00%

—

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Equity Capital

529

197

-375

102

666

491

-168

256

103

2,797

2,296

779

1,590

1,580

1,417

1,380

690

1,028

992

Trade Payables

109

489

1,224

2,983

1,559

847

1,070

1,563

1,348

545

638

Total Liabilities

3,938

3,765

3,431

3,300

3,156

3,058

3,106

1,943

1,904

1,809

3,167

3,061

3,272

3,190

2,874

2,623

2,635

1,439

1,485

1,308

Capital Work in Progress

562

560

165

125

Cash & Bank

198

137

146

101

264

255

333

368

283

364

Total Assets

3,938

3,765

3,431

3,300

3,156

3,058

3,106

1,943

1,904

1,809

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

-49

-135

Cash from Investing

-3

-5

367

-19

-29

-25

154

-29

Cash from Financing

-42

-40

-34

-218

-47

-37

-227

-70

-4

-3

-2

-4

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

14.37

0.05

0.04

0.00

1.06

0.02

0.00

84.50

84.52

84.56

84.57

84.56

Arshiya Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Arshiya Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI