On 6 Nov 2026, Glottis was priced at ₹58.67, or 14.9× trailing earnings, against an industry P/E of 16.1×, and the shares are 21% below their 52-week high. It earns ROCE of 19% and ROE of 20%, and sales and net profit grew 15% and 19% a year over 3 years. Debt is 0.19× equity. It is a small-cap company with a market cap of ₹542 Cr, ranked 19th of 43 Integrated Freight & Logistics companies by market cap; the shares fell 20% over the past year.
- ₹56.71
- ₹58.86
- ₹56.71
- ₹58.48
- 28.1K
Health check
- ReturnsBehind
−19.6% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 14.9 vs industry 16.1.
- GrowthSteady
Sales +14.7%, profit +18.9% a year over 3 years.
- ProfitabilityAverage
ROCE 18.8% vs peer median 9.0%.
- Balance sheetFair
Debt 0.19× equity, interest covered 17.5×, Piotroski 4 of 9.
- Red flags1 to check
Quarterly profit down 22.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹542 Cr
- Small cap
- P/E
- 14.9
- Industry 16.1
- Price to book
- 1.94
- Peers 3.34
- Dividend yield
- 0.00%
- ROE
- 19.9%
- Peers 9.6%
- ROCE
- 18.8%
- Peers 9.0%
- Debt to equity
- 0.19
- Debt ₹53 Cr
- EPS (TTM)
- ₹3.94
- Face value ₹2
- OPM (TTM)
- 5.9%
- Net margin 4.6%
- Sales growth
- +40.7%
- Latest quarter vs a year ago
- Profit growth
- −22.1%
- Latest quarter vs a year ago
- Price to sales
- 0.68
- EV/EBITDA 8.7
Strengths and risks
Strengths
- Return on equity of 19.9%.
- Quarterly sales up 40.7% on a year ago.
Risks to check
- Quarterly profit down 22.1% on a year ago.
About Glottis
Glottis Limited operates as a freight forwarding company in India. The company offers airport delivery and door-to-door delivery, express and priority cargo, freight consolidation, scheduled and charter flights, import and export customs clearance, end-to-end tracking, temperature-controlled air freight, dangerous goods handling, warehousing and distribution support, ecommerce air freight solutions and insurance coverage, reverse logistics support, and…
- Headquarters
- Chennai
- Employees
- 191
- Sector
- Industrials
- ISIN
- INE0TQE01026
- Website
- glottislogistics.in
Price range
- Avg volume (3M)
- 65K
- 1-year return
- minus 19.6%
- From 52-week high
- minus 21.0%
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% |
| GLOTTISGlottis | 58.67 | plus 0.32% | 542 | 14.9 | 1.94 | 18.8% | 19.9% | 5.9% | 14.7% | 18.9% | 0.00% | minus 19.6% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 307 | 215 | 144 | 196 | 2,345 | |
| 291 | 197 | 140 | 186 | 2,205 | |
| 16.2 | 17.6 | 3.4 | 9.8 | 140 | |
| 5.3% | 8.2% | 2.4% | 5.0% | 6.0% | |
| 0.1 | 0.4 | 1.4 | 5 | 21.2 | |
| 1 | 0.9 | 0.9 | 1 | 15.7 | |
| 0.1 | – | – | – | – | |
| 15.5 | 17 | 3.8 | 13.7 | 146 | |
| 26.5% | 27.5% | 29.4% | 22.2% | 26.7% | |
| 11.4 | 12.4 | 2.7 | 10.7 | 107 | |
| – | 1.34 | 0.29 | 1.15 | 1.16 |
Profit & loss
- Sales CAGR 3Y
- +14.7%
- Profit CAGR 3Y
- +18.9%
- ROE
- 19.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 478 | 497 | 941 | 723 | |
| – | +4.0% | +89.3% | minus 23.2% | |
| 444 | 457 | 862 | 672 | |
| 34.3 | 40.7 | 79.1 | 50.2 | |
| 7.2% | 8.2% | 8.4% | 6.9% | |
| −0.4 | 1.9 | 0.6 | 6.1 | |
| 0 | 0.3 | 2.3 | 3.1 | |
| 0.6 | 0.7 | 1.6 | 2.5 | |
| 0.2 | – | 0.1 | 0 | |
| 33.3 | 41.6 | 75.9 | 50.7 | |
| 32.7% | 25.5% | 26.0% | 25.8% | |
| 22.4 | 31 | 56.1 | 37.7 | |
| – | +38.0% | +81.4% | minus 32.9% | |
| – | – | 6.08 | 4.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1 | 1 | 16 | 18.5 | |
| 10.5 | 41.4 | 82.5 | 262 | |
| 30.7 | 8.2 | 25.5 | 52.8 | |
| 29.9 | 31.2 | 32 | 33.3 | |
| 72.1 | 81.7 | 156 | 367 | |
| 2.4 | 6.8 | 16.3 | 56.7 | |
| – | 3.6 | – | 32.9 | |
| 0 | 0.2 | – | 0.4 | |
| 29.3 | 9.1 | 14.8 | 99.9 | |
| 40.3 | 62 | 125 | 177 | |
| 72.1 | 81.7 | 156 | 367 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.2 | 6.8 | 1.1 | −68.8 | |
| −19.7 | 8.8 | −8.6 | −99.2 | |
| −22.5 | −22.7 | 11.7 | 173 | |
| −17 | −7.1 | 4.2 | 4.8 | |
| −0.4 | −5 | −11.1 | −20.7 | |
| 24.9 | 1.8 | −10.1 | −89.5 |
Shareholding pattern
- Promoters74.23%
- Public25.77%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.23% | 25.77% | 0.00 | |
| 30 Jun 2026 | 74.23% | 25.77% | 0.00 | |
| 31 Mar 2026 | 74.23% | 25.77% | 0.00 | |
| 31 Dec 2025 | 74.23% | 25.77% | 0.00 | |
| 6 Oct 2025 | 74.23% | 25.77% | – |
Major shareholders
Filings & events
News
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