Navkar Corporation Ltd.

•

navkarcorp.comBSE: 539332NSE: NAVKARCORP

Market Cap₹ 1,427 Cr.

Current Price

High / Low₹ 132 / 74

Stock P/E35.7

Book Value₹ 131

Price to Book0.57

Dividend Yield0.00 %

ROCE3.1 %

ROE1.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2014 • CFS Operations and related activities: 82.7% • Trading of Agro Products: 17.3%

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 is almost debt free
Latest quarter profit grew 401.3% YoY, showing strong momentum
Company generates healthy free cash flow

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -23.32x)
Company has a low return on capital employed of 0.7%
Company has a low return on equity of -0.2% over last 3 years
Receivables are growing faster than sales - a possible quality concern
Company has delivered a poor sales growth of 0.4% over past five years
Operating margins have contracted to 17.2% from 21.7%

* 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	505.00	30.97	38461.71	1.70	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	452.45	362.39	33896.06	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	249.80	131.20	14656.53	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	573.35	61.87	10444.56	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	873.80	14.70	6713.51	1.14	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	127.30	86.73	5616.78	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	MAHLOG	409.20	105.57	4062.43	0.61	27.83	394.81	2002.88	23.29	10.40	5.76
8.	VRLLOG	231.45	19.23	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
9.	SINDHUTRAD	24.98	49.77	3851.74	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.92	11.03	2694.08	6.03	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	551.45	25.71	2120.00	1.27	20.49	5.24	313.40	9.29	13.92	10.03
12.	NAVKARCORP	94.78	15.82	1426.62	0.00	122.81	4918.80	1907.45	1277.64	3.07	17.37

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	106	95	117	118	118	136	129	104	138	162	186	201	191
	90	80	104	99	116	118	122	123	118	138	152	161	176
Operating Profit	16	14	12	19	2	18	7	-19	20	24	33	40	15
OPM %	14.93%	15.15%	10.56%	16.39%	1.75%	12.91%	5.65%	-17.92%	14.57%	15.02%	18.01%	19.85%	7.79%
	0	1	4	1	-4	-1	0	1	1	0	0	2	2
Interest	1	2	5	6	5	6	5	4	4	4	4	4	3
Depreciation	9	10	11	12	13	13	13	13	13	14	15	15	15
Profit before Tax	6	4	0	2	-20	-2	-10	-35	4	7	15	23	16
Tax %	40.95%	40.06%	4511.76%	-259.41%	33.59%	-17.35%	-13.32%	47.43%	35.53%	33.89%	38.05%	39.72%	25.20%
Net Profit	4	2	-7	7	-13	-2	-11	-19	2	4	9	14	12
	0.25	0.14	-0.50	0.48	-0.87	-0.15	-0.76	-1.23	0.16	0.29	0.62	0.93	0.82

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	371	428	483	567	672	453	442	435	487	687	740
	233	262	330	401	531	364	356	373	479	569	627
Operating Profit	137	167	153	166	141	90	86	62	8	118	113
OPM %	37.06%	38.89%	31.62%	29.32%	21.03%	19.77%	19.45%	14.20%	1.71%	17.19%	15.22%
	13	3	1	1	2	3	29	6	-4	3	4
Interest	31	18	45	48	60	20	20	14	21	16	15
Depreciation	20	23	40	42	50	28	27	42	51	57	58
Profit before Tax	99	128	69	77	33	45	68	12	-67	49	61
Tax %	10.51%	21.39%	23.12%	41.47%	51.28%	15.70%	-6.99%	53.39%	32.33%	38.08%	34.79%
Net Profit	89	101	53	45	16	38	73	6	-45	30	40
EPS	0.00	0.00	0.00	0.00	1.06	2.51	4.85	0.37	-3.01	2.00	—
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:: 7%
5 Years:: 0%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: -11%
5 Years:: 14%
3 Years:: -26%

STOCK PRICE CAGR

10 Years:: -7%
5 Years:: 17%
3 Years:: 15%
1 Year:: -27%

RETURN ON EQUITY

10 Years:: 3%
5 Years:: 1%
3 Years:: 0%
Last Year:: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	143	151	151	151	151	151	151	151	151	151
	1,318	1,551	1,604	1,649	1,665	1,732	1,826	1,824	1,778	1,807
	375	344	417	477	628	703	44	185	129	132
Trade Payables	61	21	19	30	21	18	26	14	30	45
	268	107	137	137	64	80	94	37	15	42
Total Liabilities	2,165	2,173	2,327	2,444	2,528	2,684	2,141	2,210	2,102	2,176
	1,194	1,871	1,909	2,110	2,176	2,216	1,604	1,896	1,880	1,886
Capital Work in Progress	525	13	122	46	42	98	54	23	5	2
	46	49	49	49	49	0	0	0	0	0
	6	7	9	10	6	8	2	3	3	5
	0	0	0	0	0	0	0	90	113	178
Cash & Bank	129	19	11	2	7	3	91	5	4	19
	266	214	227	226	247	358	390	192	97	86
Total Assets	2,165	2,173	2,327	2,444	2,528	2,684	2,141	2,210	2,102	2,176

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	137	96	149	175	124	141	140	62	84	77
Cash from Investing	-47	-108	-181	-170	-117	-152	648	-302	-5	-56
Cash from Financing	-28	6	49	1	8	23	-685	154	-81	-10
	34	-29	-3	-4	5	-4	88	-86	-2	11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.45	70.45	70.45	70.45	70.37	70.37	70.37	70.37	70.37
	0.24	0.29	0.73	0.33	0.21	0.22	0.22	0.17	0.67
	0.00	1.05	1.31	1.75	1.89	1.95	1.65	1.65	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.31	28.22	27.51	27.47	27.53	27.46	27.76	27.81	28.94

Documents

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

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Navkar Corporation Limited has informed the Exchange about Schedule of meet

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Navkar Corporation Limited has informed the Exchange about Schedule of meet

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Navkar Corporation Limited has informed the Exchange about Schedule of meet

2026-08-06

Shareholders meeting

2026-08-06 - Navkar Corporation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 05, 2025. Further, the company has informed the Exchange regarding voting results.

2026-08-05

Investor Presentation

2026-08-05 - Navkar Corporation Limited has informed the Exchange about Investor Presentation

2026-08-05

Updates

2026-08-05 - Navkar Corporation Limited has informed the Exchange regarding 'Summary of the Proceedings of the 18th Annual General Meeting of the Navkar Corporation Limited ( Company ) held on Wednesday, August 05, 2026 at 11:00 A.M. (IST)'.

2026-08-05

Shareholders meeting

2026-08-05 - Navkar Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2026

2026-07-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-27 - Navkar Corporation Limited has informed the Exchange about Transcript

2026-07-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-21 - Navkar Corporation Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for NAVKARCORP

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Navkar Corporation Ltd.

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Free 5nance Account

Name

CONCOR

505.00

30.97

38461.71

1.70

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

452.45

362.39

33896.06

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

249.80

131.20

14656.53

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

573.35

61.87

10444.56

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

873.80

14.70

6713.51

1.14

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

127.30

86.73

5616.78

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

MAHLOG

409.20

105.57

4062.43

0.61

27.83

394.81

2002.88

23.29

10.40

5.76

VRLLOG

231.45

19.23

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

SINDHUTRAD

24.98

49.77

3851.74

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.92

11.03

2694.08

6.03

512.68

724.44

5492.97

897.94

17.99

21.31

TCIEXP

551.45

25.71

2120.00

1.27

20.49

5.24

313.40

9.29

13.92

10.03

NAVKARCORP

94.78

15.82

1426.62

0.00

122.81

4918.80

1907.45

1277.64

3.07

17.37

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

106

117

118

136

129

104

138

162

186

201

191

104

116

118

122

123

118

138

152

161

176

Operating Profit

-19

OPM %

14.93%

15.15%

10.56%

16.39%

1.75%

12.91%

5.65%

-17.92%

14.57%

15.02%

18.01%

19.85%

7.79%

-4

-1

Interest

Depreciation

Profit before Tax

-20

-2

-10

-35

Tax %

40.95%

40.06%

4511.76%

-259.41%

33.59%

-17.35%

-13.32%

47.43%

35.53%

33.89%

38.05%

39.72%

25.20%

Net Profit

-7

-13

-2

-11

-19

0.25

0.14

-0.50

0.48

-0.87

-0.15

-0.76

-1.23

0.16

0.29

0.62

0.93

0.82

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

371

428

483

567

672

453

442

435

487

687

740

233

262

330

401

531

364

356

373

479

569

627

Operating Profit

137

167

153

166

141

118

113

OPM %

37.06%

38.89%

31.62%

29.32%

21.03%

19.77%

19.45%

14.20%

1.71%

17.19%

15.22%

-4

Interest

Depreciation

Profit before Tax

128

-67

Tax %

10.51%

21.39%

23.12%

41.47%

51.28%

15.70%

-6.99%

53.39%

32.33%

38.08%

34.79%

Net Profit

101

-45

EPS

0.00

1.06

2.51

4.85

0.37

-3.01

2.00

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

143

151

1,318

1,551

1,604

1,649

1,665

1,732

1,826

1,824

1,778

1,807

375

344

417

477

628

703

185

129

132

Trade Payables

268

107

137

Total Liabilities

2,165

2,173

2,327

2,444

2,528

2,684

2,141

2,210

2,102

2,176

1,194

1,871

1,909

2,110

2,176

2,216

1,604

1,896

1,880

1,886

Capital Work in Progress

525

122

113

178

Cash & Bank

129

266

214

227

226

247

358

390

192

Total Assets

2,165

2,173

2,327

2,444

2,528

2,684

2,141

2,210

2,102

2,176

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

137

149

175

124

141

140

Cash from Investing

-47

-108

-181

-170

-117

-152

648

-302

-5

-56

Cash from Financing

-28

-685

154

-81

-10

-29

-3

-4

-86

-2

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.45

70.37

0.24

0.29

0.73

0.33

0.21

0.22

0.17

0.67

0.00

1.05

1.31

1.75

1.89

1.95

1.65

0.02

Government

0.00

29.31

28.22

27.51

27.47

27.53

27.46

27.76

27.81

28.94

Navkar Corporation 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

Navkar Corporation 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