Globe International Carriers (GICL) had a P/E of 33.0× on 6 Nov 2026, above the industry P/E of 16.1×, and the shares are 45% below their 52-week high. Sales and net profit grew 15% and 82% a year over 3 years, with ROCE of 15% and ROE of 15%. Debt is 0.46× equity. It is a small-cap company with a market cap of ₹321 Cr, ranked 23rd of 43 Integrated Freight & Logistics companies by market cap; the shares fell 32% over the past year.
- ₹28.12
- ₹28.98
- ₹27.55
- ₹28.99
- 2 L
Health check
- ReturnsBehind
−32.4% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 33.0 vs industry 16.1.
- GrowthStrong
Sales +15.4%, profit +82.1% a year over 3 years.
- ProfitabilityAverage
ROCE 14.9% vs peer median 9.0%.
- Balance sheetFair
Debt 0.46× equity, interest covered 4.4×, Piotroski 5 of 9.
- Red flags2 to check
P/E of 33.0 against an industry P/E of 16.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹321 Cr
- Small cap
- P/E
- 33.0
- Industry 16.1
- Price to book
- 4.08
- Peers 3.34
- Dividend yield
- 0.00%
- ROE
- 14.8%
- Peers 9.6%
- ROCE
- 14.9%
- Peers 9.0%
- Debt to equity
- 0.46
- Debt ₹60 Cr
- EPS (TTM)
- ₹0.87
- Face value ₹5
- OPM (TTM)
- 10.9%
- Net margin 5.6%
- Sales growth
- +5.0%
- Latest quarter vs a year ago
- Profit growth
- +5.4%
- Latest quarter vs a year ago
- Price to sales
- 1.82
- EV/EBITDA 22.4
Strengths and risks
Risks to check
- P/E of 33.0 against an industry P/E of 16.1.
- 45% below its 52-week high.
About Globe International Carriers
Globe International Carriers Limited provides logistics solutions in India and Nepal. It offers a various logistics services, including transportation of various types of industries goods, bulk transportation, and other related services through open/closed body vehicles and two/three/four wheeler vehicles, as well as full truck load services from door to door and packing and unpacking of goods. The company also provides surface cargo transportation;…
- Headquarters
- Jaipur
- Employees
- 70
- Sector
- Industrials
- ISIN
- INE947T01022
- Website
- gicl.co
Price range
- Avg volume (3M)
- 2.2 L
- 1-year return
- minus 32.4%
- From 52-week high
- minus 45.2%
Peers · Integrated Freight & Logistics
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DELHIVERYDelhivery | 428.00 | minus 0.48% | 32,080 | 176.9 | 3.28 | 2.6% | 1.9% | 0.1% | 13.2% | – | 0.00% | minus 11.3% |
| SHADOWFAXShadowfax Technologies | 288.25 | minus 0.88% | 16,971 | 67.3 | 8.95 | – | 17.4% | 6.2% | 43.7% | – | 0.00% | plus 162.1% |
| BLUEDARTBlue Dart Express | 4,541.30 | minus 0.76% | 10,776 | 34.8 | 6.06 | 16.9% | 14.8% | 6.7% | 5.9% | −12.6% | 0.55% | minus 28.2% |
| TCITransport Corporation of India | 861.45 | minus 1.38% | 6,485 | 14.4 | 2.37 | 18.1% | 17.7% | 7.6% | 9.1% | 12.9% | 1.16% | minus 26.1% |
| LEAPINDLEAP India | 121.97 | plus 0.05% | 5,373 | 71.7 | 3.34 | 9.0% | 9.6% | 22.9% | 42.4% | 90.5% | 0.00% | minus 15.8% |
| TVSSCSTVS Supply Chain Solutions | 117.07 | minus 1.62% | 5,174 | 80.2 | 2.54 | 9.0% | 6.0% | 2.3% | 3.3% | 42.1% | 0.00% | minus 8.2% |
| MAHLOGMahindra Logistics | 421.10 | plus 0.10% | 4,181 | 55.8 | 3.48 | – | 7.1% | 2.3% | – | – | 0.59% | plus 22.2% |
| GICLGlobe International Carriers | 28.69 | minus 1.03% | 321 | 33.0 | 4.08 | 14.9% | 14.8% | 10.9% | 15.4% | 82.1% | 0.00% | minus 32.4% |
| Median of 7 peers | – | −0.76% | 6,485 | 67.3 | 3.34 | 9.0% | 9.6% | 6.2% | 11.2% | 27.5% | 0.00% | −11.3% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|
| 48.1 | – | 37.6 | 47.3 | 54.6 | 37.2 | |
| 44.7 | – | 34.1 | 37.2 | 52.2 | 33.9 | |
| 3.4 | – | 3.5 | 10.1 | 2.4 | 3.3 | |
| 7.0% | – | 9.2% | 21.3% | 4.4% | 8.9% | |
| 0 | – | 0 | 0.2 | 1.4 | 0.3 | |
| 0.7 | – | 1.1 | 1.2 | 1.2 | 1.1 | |
| −0 | – | −0 | −0 | – | – | |
| 2.7 | – | 2.3 | 9.1 | 2.6 | 2.5 | |
| – | – | 25.9% | 24.0% | 41.4% | 33.9% | |
| – | 1.8 | 1.7 | 6.9 | 2 | 1.9 | |
| – | 0.62 | 0.16 | 0.42 | 0.14 | 0.15 |
Profit & loss
- Sales CAGR 3Y
- +15.4%
- Profit CAGR 3Y
- +82.1%
- EPS CAGR 3Y
- +30.2%
- ROE
- 14.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 114 | 114 | 157 | 175 | |
| – | +0.7% | +36.8% | +11.7% | |
| 108 | 109 | 148 | 155 | |
| 5.2 | 5.8 | 9.1 | 19.5 | |
| 4.6% | 5.0% | 5.8% | 11.2% | |
| 0.1 | −0 | 0.1 | 1.6 | |
| 2.2 | 2 | 2.2 | 4.7 | |
| 0.3 | 0.3 | 0.4 | 0.4 | |
| −0.2 | −0.1 | −0 | 0 | |
| 2.6 | 3.4 | 6.6 | 16 | |
| 27.3% | 23.8% | 23.9% | 27.5% | |
| 1.9 | 2.6 | 5 | 11.6 | |
| – | +32.8% | +96.7% | +131.3% | |
| 0.96 | 1.03 | 0.50 | 1.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.1 | 24.9 | 24.9 | 56 | |
| 8.2 | 29.2 | 34.2 | 42.1 | |
| 20.1 | 20.5 | 25.4 | 48 | |
| 11.5 | 8.3 | 10.8 | 57.2 | |
| 59.8 | 82.9 | 95.3 | 203 | |
| 1.2 | 2.1 | 1.9 | 4.1 | |
| 0 | 0 | 0 | 0.6 | |
| 0.5 | 0.7 | 0.4 | 2.2 | |
| 58.1 | 80.2 | 93 | 196 | |
| 59.8 | 82.9 | 95.3 | 203 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.9 | −11.3 | 10 | 16.6 | |
| 1.9 | −8.5 | −8.6 | 8.2 | |
| −3.6 | 20.2 | −1.7 | −23 | |
| −0.8 | 0.4 | −0.3 | 1.8 | |
| −0.4 | −1.2 | −0.3 | −3.1 | |
| 0.5 | −12.5 | 9.7 | 13.5 | |
| – | −0.5 | – | – |
Shareholding pattern
- Promoters63.96%
- Public36.04%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.96% | 36.04% | 0.00 | |
| 30 Jun 2026 | 63.96% | 36.04% | plus 0.47 | |
| 31 Mar 2026 | 63.49% | 36.51% | 0.00 | |
| 31 Dec 2025 | 63.49% | 36.51% | 0.00 | |
| 16 Oct 2025 | 63.49% | 36.51% | – |
Major shareholders
Filings & events
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