Ritco Logistics Ltd.

•

₹ 317.9-1.49%

2026-08-21

ritcologistics.comBSE: 542383NSE: RITCO

Market Cap₹ 900 Cr.

Current Price₹ 323

High / Low₹ 319 / 167

Stock P/E28.2

Book Value₹ 129

Price to Book2.27

Dividend Yield0.00 %

ROCE14.7 %

ROE16.2 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

PROS

Company converts assets efficiently - asset turnover of 2.2x

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 35.3% versus prior year
Promoter holding has decreased over last 2 years: -10.4pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.09x)
Free cash flow has been persistently negative

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

Peer comparison

EDIT COLUMNS

ServicesLogisticsLogistics

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	CONCOR	514.00	31.52	39147.16	1.67	268.90	0.61	2159.76	0.28	14.79	20.41
2.	DELHIVERY	448.00	358.82	33562.68	0.00	31.91	-64.96	2930.73	27.76	3.02	4.75
3.	SHADOWFAX	265.20	139.25	15555.60	0.00	654.00	6732.86	13581.20	1806.32	4.90	6.76
4.	BLACKBUCK	613.80	66.23	11180.37	0.00	42.17	25.14	204.17	42.17	-31.80	24.35
5.	TCI	914.10	15.38	7023.13	1.09	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	120.95	82.41	5336.60	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	0.00	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	406.00	104.69	4028.43	0.62	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	24.29	48.39	3745.35	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	54.17	11.08	2706.57	6.00	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	547.00	25.50	2102.90	1.28	20.49	5.24	313.40	9.29	13.92	10.03
12.	RITCO	314.40	28.25	899.90	0.00	3.47	-61.22	365.12	3.04	14.71	6.00

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	208	235	239	252	252	279	313	345	354	360	393	392	365
	191	216	219	232	232	258	290	320	329	335	365	372	360
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	1	1	1	1	1	1	2	1	1	1	2	2
Interest	5	5	6	6	6	5	5	6	7	6	7	7	7
Depreciation	2	3	3	3	3	4	4	5	7	7	8	9	10
	10	11	12	12	12	14	15	16	13	14	15	6	7
Tax %	27.76%	27.02%	27.94%	25.98%	27.03%	27.86%	30.93%	28.57%	32.88%	31.72%	33.61%	36.25%	49.80%
Net Profit	0	0	0	0	9	10	10	11	9	9	10	4	3
	3	3	4	4	4	4	4	4	3	3	3	2	0
Equity Capital	24	24	24	24	24	28	28	28	29	29	29	29	29
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	24	24	24	24	24	28	28	28	29	29	29	29	29
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 208
: 191
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 5
Depreciation: 2
: 10
Tax %: 27.76%
Net Profit: 0
: 3
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 235
: 216
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 3
: 11
Tax %: 27.02%
Net Profit: 0
: 3
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 239
: 219
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 6
Depreciation: 3
: 12
Tax %: 27.94%
Net Profit: 0
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 252
: 232
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 6
Depreciation: 3
: 12
Tax %: 25.98%
Net Profit: 0
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 252
: 232
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 6
Depreciation: 3
: 12
Tax %: 27.03%
Net Profit: 9
: 4
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 24
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 279
: 258
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 4
: 14
Tax %: 27.86%
Net Profit: 10
: 4
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 313
: 290
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 5
Depreciation: 4
: 15
Tax %: 30.93%
Net Profit: 10
: 4
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 345
: 320
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 6
Depreciation: 5
: 16
Tax %: 28.57%
Net Profit: 11
: 4
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 354
: 329
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 7
: 13
Tax %: 32.88%
Net Profit: 9
: 3
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 360
: 335
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 6
Depreciation: 7
: 14
Tax %: 31.72%
Net Profit: 9
: 3
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 393
: 365
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 8
: 15
Tax %: 33.61%
Net Profit: 10
: 3
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 392
: 372
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 7
Depreciation: 9
: 6
Tax %: 36.25%
Net Profit: 4
: 2
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 365
: 360
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 7
Depreciation: 10
: 7
Tax %: 49.80%
Net Profit: 3
: 0
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	751	933	1,190	1,510
	699	858	1,100	1,432
Operating Profit	55	79	96	—
OPM %	7	8	8	—
Other Income	3	4	6	7
Interest	16	22	22	26
Depreciation	5	12	16	34
	33	45	57	41
Tax %	27	27	29	36
Net Profit	24	33	41	26
EPS	10	13	15	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	2	-3
Share of Associates	0	0	0	0
Adjusted EPS	10	13	15	—
Minority Interest	0	0	2	-3
Share of Associates	0	0	0	0
Adjusted EPS	10	13	15	—

Mar 2023

: 751
: 699
Operating Profit: 55
OPM %: 7
Other Income: 3
Interest: 16
Depreciation: 5
: 33
Tax %: 27
Net Profit: 24
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2024

: 933
: 858
Operating Profit: 79
OPM %: 8
Other Income: 4
Interest: 22
Depreciation: 12
: 45
Tax %: 27
Net Profit: 33
EPS: 13
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2025

: 1,190
: 1,100
Operating Profit: 96
OPM %: 8
Other Income: 6
Interest: 22
Depreciation: 16
: 57
Tax %: 29
Net Profit: 41
EPS: 15
Dividend Payout %: 0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: 15

TTM

: 1,510
: 1,432
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 26
Depreciation: 34
: 41
Tax %: 36
Net Profit: 26
EPS: —
Dividend Payout %: —
Minority Interest: -3
Share of Associates: 0
Adjusted EPS: —
Minority Interest: -3
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 10%
1 Year:: 12%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 17%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	24	24	28
	124	157	293
	189	194	205
Trade Payables	4	3	4
	23	74	123
Total Liabilities	365	453	652
ASSETS	-	-	-
	38	63	147
	0	0	1
	0	295	375
Cash & Bank	3	5	19
	324	89	110
Total Assets	365	453	652
Total Debt	206	259	313
Net Working Capital	97	129	218
Contingent Liabilities	17	25	36
Book Value per Share	60.70	74.16	113.28
Face Value	10.00	10.00	10.00
Total Debt	206	259	313
Net Working Capital	97	129	218
Contingent Liabilities	17	25	36
Book Value per Share	60.70	74.16	113.28
Face Value	10.00	10.00	10.00

Mar 2023

Equity Capital: 24
: 124
: 189
Trade Payables: 4
: 23
Total Liabilities: 365
: 38
: 0
: 0
Cash & Bank: 3
: 324
Total Assets: 365
Total Debt: 206
Net Working Capital: 97
Contingent Liabilities: 17
Book Value per Share: 60.70
Face Value: 10.00
Total Debt: 206
Net Working Capital: 97
Contingent Liabilities: 17
Book Value per Share: 60.70
Face Value: 10.00

Mar 2024

Equity Capital: 24
: 157
: 194
Trade Payables: 3
: 74
Total Liabilities: 453
: 63
: 0
: 295
Cash & Bank: 5
: 89
Total Assets: 453
Total Debt: 259
Net Working Capital: 129
Contingent Liabilities: 25
Book Value per Share: 74.16
Face Value: 10.00
Total Debt: 259
Net Working Capital: 129
Contingent Liabilities: 25
Book Value per Share: 74.16
Face Value: 10.00

Mar 2025

Equity Capital: 28
: 293
: 205
Trade Payables: 4
: 123
Total Liabilities: 652
: 147
: 1
: 375
Cash & Bank: 19
: 110
Total Assets: 652
Total Debt: 313
Net Working Capital: 218
Contingent Liabilities: 36
Book Value per Share: 113.28
Face Value: 10.00
Total Debt: 313
Net Working Capital: 218
Contingent Liabilities: 36
Book Value per Share: 113.28
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	10	15	-16
Cash from Investing	-19	-36	-93
Cash from Financing	17	33	129
	8	12	19
Free Cash Flow	10	-20	-98
OCF / Net Profit	0.42	0.45	-0.39
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.42	0.45	-0.39
Cumulative 5-Year FCF	0	0	0

Mar 2023

: 10
Cash from Investing: -19
Cash from Financing: 17
: 8
Free Cash Flow: 10
OCF / Net Profit: 0.42
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.42
Cumulative 5-Year FCF: 0

Mar 2024

: 15
Cash from Investing: -36
Cash from Financing: 33
: 12
Free Cash Flow: -20
OCF / Net Profit: 0.45
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.45
Cumulative 5-Year FCF: 0

Mar 2025

: -16
Cash from Investing: -93
Cash from Financing: 129
: 19
Free Cash Flow: -98
OCF / Net Profit: -0.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.39
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	9.97	13.48	14.90
Book Value (₹)	60.70	74.16	113.28
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	12.06	18.40	20.14
PROFITABILITY	-	-	-
Operating Margin %	7.34%	8.05%	7.55%
Net Margin %	3.24%	3.50%	3.42%
ROE %	16.37%	19.78%	16.18%
ROCE %	14.09%	16.70%	14.71%
	6.67%	7.98%	7.35%
EFFICIENCY	-	-	-
Debtor Days	118	105	103
Inventory Days	0	0	0
Payable Days	0	0	0
	118	105	103
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	1.39x	1.43x	0.98x
Interest Coverage (x)	3.03x	3.06x	3.55x
	1.49x	1.60x	1.91x
GROWTH	-	-	-
Revenue Growth %	0.00%	24.25%	27.47%
Operating Profit Growth %	0.00%	43.08%	21.26%
Net Profit Growth %	0.00%	34.25%	24.46%
	0.00%	35.14%	10.56%
VALUATION	-	-	-
P/E (x)	0.00x	16.01x	17.24x
P/B (x)	0.00x	2.91x	2.27x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	9.90x	10.67x

Mar 2023

EPS (₹): 9.97
Book Value (₹): 60.70
Dividend per Share (₹): 0.00
Cash EPS (₹): 12.06
Operating Margin %: 7.34%
Net Margin %: 3.24%
ROE %: 16.37%
ROCE %: 14.09%
: 6.67%
Debtor Days: 118
Inventory Days: 0
Payable Days: 0
: 118
Debt to Equity (x): 1.39x
Interest Coverage (x): 3.03x
: 1.49x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 13.48
Book Value (₹): 74.16
Dividend per Share (₹): 0.00
Cash EPS (₹): 18.40
Operating Margin %: 8.05%
Net Margin %: 3.50%
ROE %: 19.78%
ROCE %: 16.70%
: 7.98%
Debtor Days: 105
Inventory Days: 0
Payable Days: 0
: 105
Debt to Equity (x): 1.43x
Interest Coverage (x): 3.06x
: 1.60x
Revenue Growth %: 24.25%
Operating Profit Growth %: 43.08%
Net Profit Growth %: 34.25%
: 35.14%
P/E (x): 16.01x
P/B (x): 2.91x
Dividend Yield %: 0.00%
: 9.90x

Mar 2025

EPS (₹): 14.90
Book Value (₹): 113.28
Dividend per Share (₹): 0.00
Cash EPS (₹): 20.14
Operating Margin %: 7.55%
Net Margin %: 3.42%
ROE %: 16.18%
ROCE %: 14.71%
: 7.35%
Debtor Days: 103
Inventory Days: 0
Payable Days: 0
: 103
Debt to Equity (x): 0.98x
Interest Coverage (x): 3.55x
: 1.91x
Revenue Growth %: 27.47%
Operating Profit Growth %: 21.26%
Net Profit Growth %: 24.46%
: 10.56%
P/E (x): 17.24x
P/B (x): 2.27x
Dividend Yield %: 0.00%
: 10.67x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.04	63.12	62.29	62.29	62.29	62.68	62.68	62.68	62.68
	0.45	0.05	0.34	0.06	0.22	0.02	0.06	0.02	0.03
	0.04	2.53	2.51	2.79	2.86	2.82	2.82	2.82	2.73
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.47	34.30	34.86	34.86	34.63	34.48	34.44	34.48	34.56

Jun 2024

: 73.04
: 0.45
: 0.04
Government: 0.00
: 26.47

Sep 2024

: 63.12
: 0.05
: 2.53
Government: 0.00
: 34.30

Dec 2024

: 62.29
: 0.34
: 2.51
Government: 0.00
: 34.86

Mar 2025

: 62.29
: 0.06
: 2.79
Government: 0.00
: 34.86

Jun 2025

: 62.29
: 0.22
: 2.86
Government: 0.00
: 34.63

Sep 2025

: 62.68
: 0.02
: 2.82
Government: 0.00
: 34.48

Dec 2025

: 62.68
: 0.06
: 2.82
Government: 0.00
: 34.44

Mar 2026

: 62.68
: 0.02
: 2.82
Government: 0.00
: 34.48

Jun 2026

: 62.68
: 0.03
: 2.73
Government: 0.00
: 34.56

Documents

Announcements

Copy of Newspaper Publication
2026-08-15 - Ritco Logistics Limited has informed the Exchange about Copy of Newspaper Publication for the Unaudited financial results for the Q1 of the FY 26-27
Press Release
2026-08-15 - Ritco Logistics Limited has informed the Exchange regarding a press release dated August 15, 2026, titled "Press Release for the Unaudited Financial Results for Q1 FY 26-27".

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2025
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