Navkar Corporation (NAVKARCORP) had a P/E of 26.6× on 6 Nov 2026, above the industry P/E of 16.1×, and the shares are 31% below their 52-week high. Sales grew 15% a year over 3 years while net profit fell 31%, with ROCE of 3.1% and ROE of 2.4%. Debt is 0.16× equity. It is a small-cap company with a market cap of ₹1,259 Cr, ranked 12th of 43 Integrated Freight & Logistics companies by market cap; the shares fell 27% over the past year.
- ₹83.40
- ₹84.00
- ₹81.40
- ₹83.96
- 2.5 L
Health check
- ReturnsBehind
−26.8% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 26.6 vs industry 16.1.
- GrowthSteady
Sales +15.3%, profit −31.2% a year over 3 years.
- ProfitabilityWeak
ROCE 3.1% vs peer median 9.0%.
- Balance sheetFair
Debt 0.16× equity, interest covered 4.2×, Piotroski 8 of 9.
- Red flags3 to check
Return on equity is low at 2.4%.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,259 Cr
- Small cap
- P/E
- 26.6
- Industry 16.1
- Price to book
- 0.64
- Peers 3.34
- Dividend yield
- 0.00%
- ROE
- 2.4%
- Peers 9.6%
- ROCE
- 3.1%
- Peers 9.0%
- Debt to equity
- 0.16
- Debt ₹313 Cr
- EPS (TTM)
- ₹3.15
- Face value ₹10
- OPM (TTM)
- 9.8%
- Net margin 5.9%
- Sales growth
- +40.0%
- Latest quarter vs a year ago
- Profit growth
- +169.0%
- Latest quarter vs a year ago
- Price to sales
- 1.56
- EV/EBITDA 11.0
Strengths and risks
Strengths
- Quarterly profit up 169.0% on a year ago.
- Quarterly sales up 40.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 2.4%.
- P/E of 26.6 against an industry P/E of 16.1.
- 31% below its 52-week high.
About Navkar Corporation
Navkar Corporation Limited provides container freight station, inland container depot, rail terminal, container train operator, and warehousing and other logistics solutions in India. It operates private freight terminals, which are used for handling various types of cargo trains for steel cargo, bulk cargo, bagged cargo, containerized cargo, and automobiles; and railway terminals that are used for handling export rakes of agro products, domestic rakes,…
- Headquarters
- Navi Mumbai
- Employees
- 449
- Sector
- Industrials
- ISIN
- INE278M01019
- Website
- navkarcorp.com
Price range
- Avg volume (3M)
- 4 L
- 1-year return
- minus 26.8%
- From 52-week high
- minus 30.8%
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% |
| NAVKARCORPNavkar Corporation | 83.64 | minus 0.38% | 1,259 | 26.6 | 0.64 | 3.1% | 2.4% | 9.8% | 15.3% | −31.2% | 0.00% | minus 26.8% |
| 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 | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 138 | 186 | 201 | 191 | 223 | |
| 131 | 167 | 176 | 173 | 207 | |
| 7.1 | 18.9 | 25.2 | 18.1 | 16 | |
| 5.1% | 10.2% | 12.5% | 9.5% | 7.2% | |
| 0.6 | 0.4 | 1.9 | 1.6 | 4.5 | |
| 3.9 | 4.2 | 3.9 | 3.2 | 4.9 | |
| 3.8 | 15.1 | 23.2 | 16.4 | 15.7 | |
| 35.6% | 38.0% | 39.7% | 25.2% | 24.9% | |
| 2.4 | 9.4 | 14 | 12.3 | 11.8 | |
| 0.16 | 0.62 | 0.93 | 0.82 | 0.78 |
Profit & loss
- Sales CAGR 3Y
- +15.3%
- Profit CAGR 3Y
- −31.2%
- EPS CAGR 3Y
- −31.2%
- ROE
- 2.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 442 | 429 | 476 | 676 | |
| – | minus 2.7% | +10.9% | +42.0% | |
| 342 | 370 | 474 | 561 | |
| 99.5 | 59.7 | 2.5 | 115 | |
| 22.5% | 13.9% | 0.5% | 17.1% | |
| 8.2 | 3 | 7 | 5.6 | |
| 19 | 8.9 | 18.5 | 15.4 | |
| 39.5 | 41.7 | 50.9 | 56.7 | |
| 19.1 | – | −7 | −0.2 | |
| 68.2 | 12 | −66.9 | 48.7 | |
| −7.0% | 53.4% | 32.3% | 38.1% | |
| 92.5 | −1.7 | −45.3 | 30.1 | |
| 6.15 | -0.12 | -3.01 | 2.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 151 | 151 | 151 | 151 | |
| 1,826 | 1,824 | 1,778 | 1,807 | |
| 23.4 | 196 | 168 | 177 | |
| 65.5 | 62.3 | 49.8 | 75.1 | |
| 2,065 | 2,233 | 2,147 | 2,210 | |
| 1,717 | 1,898 | 1,868 | 1,873 | |
| 138 | 22.9 | 6.2 | 2.4 | |
| 2.6 | 0.3 | 0.3 | 0.3 | |
| 6.6 | 5.4 | 3.8 | 14.7 | |
| 201 | 307 | 268 | 320 | |
| 2,065 | 2,233 | 2,147 | 2,210 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 126 | 61.9 | 84 | 77 | |
| 648 | −302 | −4.7 | −56 | |
| −685 | 154 | −80.9 | −10.2 | |
| 88.5 | −86 | −1.6 | 10.9 | |
| −342 | −305 | −25.8 | −55.4 | |
| −217 | −243 | 58.2 | 21.6 |
Shareholding pattern
- Promoters70.37%
- Public29.63%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.37% | 29.63% | 0.00 | |
| 30 Jun 2026 | 70.37% | 29.63% | 0.00 | |
| 31 Mar 2026 | 70.37% | 29.63% | 0.00 | |
| 31 Dec 2025 | 70.37% | 29.63% | 0.00 | |
| 30 Sep 2025 | 70.37% | 29.63% | – |
Major shareholders
Filings & events
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