SJ Logistics (India) Ltd.
•₹ 353.554.77%
2026-08-21
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.1%
- Company has a healthy return on capital (ROCE) of 31.7%
- Latest quarter profit grew 42.5% YoY, showing strong momentum
- Operating margins have improved to 15.0% from 5.0%
- Company comfortably covers its interest (13.3x coverage)
- Attractively priced for its growth - PEG of 0.0
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.16x)
- Equity base is being diluted - shares outstanding up 586.5%
- Total debt has risen sharply - up 364.1% year on year
- Free cash flow has been persistently negative
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | SJLOGISTIC | 340.70 | 7.11 | 539.09 | 0.00 | 18.12 | 42.48 | 157.14 | 26.52 | 36.55 | 18.09 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| 79 | 89 | 101 | 124 | 136 | 142 | 126 | 157 | |
| 71 | 81 | 87 | 107 | 116 | 118 | 104 | 129 | |
| Operating Profit | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — |
| Other Income | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 0 | 0 | 1 | 1 | 3 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| 8 | 9 | 14 | 16 | 18 | 20 | 18 | 23 | |
| Tax % | 21.67% | 22.27% | 21.39% | 22.77% | 22.60% | 24.71% | 22.20% | 22.19% |
| Net Profit | 0 | 7 | 11 | 13 | 14 | 15 | 14 | 18 |
| 6 | 6 | 7 | 9 | 10 | 10 | 9 | 12 | |
| Equity Capital | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 15 |
| Reserves | 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% |
| Equity Capital | 14 | 14 | 14 | 14 | 15 | 15 | 15 | 15 |
| Reserves | 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% |
Dec 2023
- 79
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 8
- Tax %
- 21.67%
- Net Profit
- 0
- 6
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 89
- 81
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 22.27%
- Net Profit
- 7
- 6
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 101
- 87
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 14
- Tax %
- 21.39%
- Net Profit
- 11
- 7
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 124
- 107
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 16
- Tax %
- 22.77%
- Net Profit
- 13
- 9
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 136
- 116
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 18
- Tax %
- 22.60%
- Net Profit
- 14
- 10
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 142
- 118
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- 20
- Tax %
- 24.71%
- Net Profit
- 15
- 10
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 126
- 104
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- 18
- Tax %
- 22.20%
- Net Profit
- 14
- 9
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 157
- 129
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 2
- 23
- Tax %
- 22.19%
- Net Profit
- 18
- 12
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 104 | 149 | 271 | 502 | 560 | |
| 100 | 136 | 241 | 427 | 466 | |
| Operating Profit | 5 | 14 | 32 | 76 | — |
| OPM % | 5 | 9 | 12 | 15 | — |
| Other Income | 2 | 1 | 2 | 0 | 0 |
| Interest | 2 | 3 | 3 | 6 | 11 |
| Depreciation | 1 | 0 | 0 | 2 | 4 |
| 2 | 10 | 29 | 68 | 80 | |
| Tax % | 25 | 21 | 21 | 23 | 23 |
| Net Profit | 2 | 8 | 23 | 52 | 61 |
| EPS | 8 | 10 | 16 | 34 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 9 | 16 | 34 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 9 | 16 | 34 | — |
Mar 2022
- 104
- 100
- Operating Profit
- 5
- OPM %
- 5
- Other Income
- 2
- Interest
- 2
- Depreciation
- 1
- 2
- Tax %
- 25
- Net Profit
- 2
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2023
- 149
- 136
- Operating Profit
- 14
- OPM %
- 9
- Other Income
- 1
- Interest
- 3
- Depreciation
- 0
- 10
- Tax %
- 21
- Net Profit
- 8
- EPS
- 10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2024
- 271
- 241
- Operating Profit
- 32
- OPM %
- 12
- Other Income
- 2
- Interest
- 3
- Depreciation
- 0
- 29
- Tax %
- 21
- Net Profit
- 23
- EPS
- 16
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2025
- 502
- 427
- Operating Profit
- 76
- OPM %
- 15
- Other Income
- 0
- Interest
- 6
- Depreciation
- 2
- 68
- Tax %
- 23
- Net Profit
- 52
- EPS
- 34
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
TTM
- 560
- 466
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 11
- Depreciation
- 4
- 80
- Tax %
- 23
- Net Profit
- 61
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 69%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 212%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 33%
- Last Year:
- 33%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| LIABILITIES | - | - | - | - |
| Equity Capital | 2 | 3 | 14 | 15 |
| 13 | 28 | 98 | 194 | |
| 6 | 7 | 5 | 15 | |
| Trade Payables | 7 | 6 | 14 | 7 |
| 22 | 37 | 20 | 67 | |
| Total Liabilities | 51 | 81 | 151 | 298 |
| ASSETS | - | - | - | - |
| 8 | 7 | 4 | 41 | |
| 1 | 0 | 0 | 4 | |
| 0 | 0 | 79 | 194 | |
| Cash & Bank | 0 | 1 | 1 | 1 |
| 42 | 73 | 66 | 57 | |
| Total Assets | 51 | 81 | 151 | 298 |
| Total Debt | 26 | 34 | 13 | 61 |
| Net Working Capital | 28 | 50 | 93 | 202 |
| Contingent Liabilities | 0 | 0 | 18 | 18 |
| Book Value per Share | 704.46 | 106.41 | 77.36 | 137.18 |
| Face Value | 100.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 26 | 34 | 13 | 61 |
| Net Working Capital | 28 | 50 | 93 | 202 |
| Contingent Liabilities | 0 | 0 | 18 | 18 |
| Book Value per Share | 704.46 | 106.41 | 77.36 | 137.18 |
| Face Value | 100.00 | 10.00 | 10.00 | 10.00 |
Mar 2022
- Equity Capital
- 2
- 13
- 6
- Trade Payables
- 7
- 22
- Total Liabilities
- 51
- 8
- 1
- 0
- Cash & Bank
- 0
- 42
- Total Assets
- 51
- Total Debt
- 26
- Net Working Capital
- 28
- Contingent Liabilities
- 0
- Book Value per Share
- 704.46
- Face Value
- 100.00
- Total Debt
- 26
- Net Working Capital
- 28
- Contingent Liabilities
- 0
- Book Value per Share
- 704.46
- Face Value
- 100.00
Mar 2023
- Equity Capital
- 3
- 28
- 7
- Trade Payables
- 6
- 37
- Total Liabilities
- 81
- 7
- 0
- 0
- Cash & Bank
- 1
- 73
- Total Assets
- 81
- Total Debt
- 34
- Net Working Capital
- 50
- Contingent Liabilities
- 0
- Book Value per Share
- 106.41
- Face Value
- 10.00
- Total Debt
- 34
- Net Working Capital
- 50
- Contingent Liabilities
- 0
- Book Value per Share
- 106.41
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 14
- 98
- 5
- Trade Payables
- 14
- 20
- Total Liabilities
- 151
- 4
- 0
- 79
- Cash & Bank
- 1
- 66
- Total Assets
- 151
- Total Debt
- 13
- Net Working Capital
- 93
- Contingent Liabilities
- 18
- Book Value per Share
- 77.36
- Face Value
- 10.00
- Total Debt
- 13
- Net Working Capital
- 93
- Contingent Liabilities
- 18
- Book Value per Share
- 77.36
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 15
- 194
- 15
- Trade Payables
- 7
- 67
- Total Liabilities
- 298
- 41
- 4
- 194
- Cash & Bank
- 1
- 57
- Total Assets
- 298
- Total Debt
- 61
- Net Working Capital
- 202
- Contingent Liabilities
- 18
- Book Value per Share
- 137.18
- Face Value
- 10.00
- Total Debt
- 61
- Net Working Capital
- 202
- Contingent Liabilities
- 18
- Book Value per Share
- 137.18
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 2 | -6 | -39 | -52 | |
| Cash from Investing | -0 | -5 | 5 | -4 |
| Cash from Financing | -2 | 12 | 35 | 55 |
| 0 | 1 | 0 | -0 | |
| Free Cash Flow | 2 | -6 | -39 | -91 |
| OCF / Net Profit | 0.96 | -0.72 | -1.74 | -0.98 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
| OCF / Net Profit | 0.96 | -0.72 | -1.74 | -0.98 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
Mar 2022
- 2
- Cash from Investing
- -0
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 2
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
Mar 2023
- -6
- Cash from Investing
- -5
- Cash from Financing
- 12
- 1
- Free Cash Flow
- -6
- OCF / Net Profit
- -0.72
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.72
- Cumulative 5-Year FCF
- 0
Mar 2024
- -39
- Cash from Investing
- 5
- Cash from Financing
- 35
- 0
- Free Cash Flow
- -39
- OCF / Net Profit
- -1.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.74
- Cumulative 5-Year FCF
- 0
Mar 2025
- -52
- Cash from Investing
- -4
- Cash from Financing
- 55
- -0
- Free Cash Flow
- -91
- OCF / Net Profit
- -0.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.98
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| PER SHARE | - | - | - | - |
| EPS (₹) | 77.91 | 27.99 | 15.61 | 34.44 |
| Book Value (₹) | 704.46 | 106.41 | 77.36 | 137.18 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 3.38 | 9.83 | 15.93 | 35.90 |
| PROFITABILITY | - | - | - | - |
| Operating Margin % | 4.98% | 9.19% | 11.04% | 15.04% |
| Net Margin % | 1.67% | 5.55% | 8.35% | 10.45% |
| ROE % | 11.06% | 35.12% | 31.53% | 32.69% |
| ROCE % | 11.23% | 24.92% | 33.60% | 36.55% |
| 3.42% | 12.51% | 19.44% | 23.40% | |
| EFFICIENCY | - | - | - | - |
| Debtor Days | 144 | 110 | 86 | 99 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Payable Days | 29 | 20 | 16 | 9 |
| 116 | 91 | 70 | 90 | |
| FINANCIAL HEALTH | - | - | - | - |
| Debt to Equity (x) | 1.64x | 1.07x | 0.12x | 0.29x |
| Interest Coverage (x) | 1.98x | 4.72x | 9.78x | 13.29x |
| 2.95x | 3.20x | 4.02x | 6.97x | |
| GROWTH | - | - | - | - |
| Revenue Growth % | 0.00% | 43.65% | 81.96% | 85.52% |
| Operating Profit Growth % | 0.00% | 165.13% | 136.77% | 134.45% |
| Net Profit Growth % | 0.00% | 377.54% | 173.72% | 132.15% |
| 0.00% | 0.00% | -44.21% | 120.57% | |
| VALUATION | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 17.89x | 15.26x |
| P/B (x) | 0.00x | 0.00x | 3.61x | 3.83x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 12.85x | 11.33x |
Mar 2022
- EPS (₹)
- 77.91
- Book Value (₹)
- 704.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.38
- Operating Margin %
- 4.98%
- Net Margin %
- 1.67%
- ROE %
- 11.06%
- ROCE %
- 11.23%
- 3.42%
- Debtor Days
- 144
- Inventory Days
- 0
- Payable Days
- 29
- 116
- Debt to Equity (x)
- 1.64x
- Interest Coverage (x)
- 1.98x
- 2.95x
- 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 2023
- EPS (₹)
- 27.99
- Book Value (₹)
- 106.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.83
- Operating Margin %
- 9.19%
- Net Margin %
- 5.55%
- ROE %
- 35.12%
- ROCE %
- 24.92%
- 12.51%
- Debtor Days
- 110
- Inventory Days
- 0
- Payable Days
- 20
- 91
- Debt to Equity (x)
- 1.07x
- Interest Coverage (x)
- 4.72x
- 3.20x
- Revenue Growth %
- 43.65%
- Operating Profit Growth %
- 165.13%
- Net Profit Growth %
- 377.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 15.61
- Book Value (₹)
- 77.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.93
- Operating Margin %
- 11.04%
- Net Margin %
- 8.35%
- ROE %
- 31.53%
- ROCE %
- 33.60%
- 19.44%
- Debtor Days
- 86
- Inventory Days
- 0
- Payable Days
- 16
- 70
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 9.78x
- 4.02x
- Revenue Growth %
- 81.96%
- Operating Profit Growth %
- 136.77%
- Net Profit Growth %
- 173.72%
- -44.21%
- P/E (x)
- 17.89x
- P/B (x)
- 3.61x
- Dividend Yield %
- 0.00%
- 12.85x
Mar 2025
- EPS (₹)
- 34.44
- Book Value (₹)
- 137.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 35.90
- Operating Margin %
- 15.04%
- Net Margin %
- 10.45%
- ROE %
- 32.69%
- ROCE %
- 36.55%
- 23.40%
- Debtor Days
- 99
- Inventory Days
- 0
- Payable Days
- 9
- 90
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 13.29x
- 6.97x
- Revenue Growth %
- 85.52%
- Operating Profit Growth %
- 134.45%
- Net Profit Growth %
- 132.15%
- 120.57%
- P/E (x)
- 15.26x
- P/B (x)
- 3.83x
- Dividend Yield %
- 0.00%
- 11.33x
Documents
Announcements
Nothing filed yet.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nov 2025
Aug 2025
Jun 2025