Allcargo Terminals Ltd. (ATL) was incorporated in 2019 and operates in the business of Container Freight Stations (CFS) and Inland Container Depots (ICD). ATL is part of the Allcargo Group and is recognized as the largest Container Freight Station Operator in India. The company was initially incorporated on February 05, 2019, as a Private Limited Company and later converted into a Public Limited company effective January 10, 2022, adopting an asset-light business model.
The company manages container freight stations (CFS) and inland container depots (ICD) across India, offering a comprehensive suite of services. These include import handling, export handling, specialized handling for hazardous and non-hazardous cargo, bonded and non-bonded warehousing, reefer monitoring, direct port delivery (DPD), ISO tank handling, and first and last-mile delivery services.
ATL operates a total of 7 CFS facilities located at JNPT, Chennai, Mundra, and Kolkata, along with 1 ICD at Dadri. Its operations encompass crucial services such as import/export cargo stuffing and unstuffing, customs clearance, and various other logistics support services across India's major ports. Of these facilities, 4 are fully owned by ATL, while the remaining 3 are operated through subsidiaries and joint ventures. The services provided include customs inspection/clearance, stuffing/destuffing, weighment, and storage.
As one of India's largest CFS operators, Allcargo Terminals boasts a combined installed capacity exceeding one million square feet. JNPT, the largest Indian port handling over 50% of the nation's overall container traffic, is a key operational area for ATL. The company holds approximately 15% of the non-DPD addressable market share at JNPT. Furthermore, ATL's operating subsidiary, SML, is the sole player in 'Cluster 1' at JNPT, benefiting from its strategic proximity to the port, which provides a significant locational advantage.
ATL's Container Freight Station operations originated as a division of Allcargo Logistics Limited. The company commenced its CFS operations in 2003 with its first facility at JNPT in Mumbai. It subsequently expanded by establishing CFS facilities in Chennai and Mundra in 2007. In 2011, an ICD at Dadri was introduced through a joint venture with CONCOR. Another CFS was added at JNPT in 2012, followed by the commencement of CFS operations in Kolkata in 2017. In the fiscal year 2022-23, through a Scheme of Arrangement and Demerger involving Allcargo Logistics Limited and other entities, the CFS/ICD business divisions were formally transferred to Allcargo Terminals Ltd., becoming effective from April 01, 2023.
For the fourth quarter of FY25 (ending March 2025), Allcargo Terminals reported a revenue of ₹190.88 crore, a marginal 0.2% decline from ₹191.26 crore in the third quarter of FY25 (ending December 2024). The EBITDA for March 2025 was ₹35.99 crore, an increase of 6.17% from ₹33.9 crore in December 2024. However, the company recorded a net loss of ₹2.42 crore for March 2025, compared to a net profit of ₹11.77 crore in December 2024.
On a year-on-year basis, the company reported net sales of ₹185.93 crore for March 2025, representing a 2.29% increase. It also achieved a significant reduction in its quarterly net loss, down to ₹1.80 crore from ₹8.81 crore in March 2024, while its EBITDA rose by 20.5% to ₹36.51 crore.
For the fiscal year ending March 31, 2025, Allcargo Terminals achieved an annual revenue of ₹758 crore, reflecting a 3.34% growth. The revenue for Q4 FY25 stood at ₹186 crore, showing a 2.09% growth.
As of July 2025, the market capitalization of Allcargo Terminals Ltd. stands at ₹735.76 crores. The current Price-to-Earnings (PE) ratio is 24.11, and the Price-to-Book (PB) ratio is 2.49. The stock's 52-week high was recorded at ₹55.01, while its 52-week low was ₹21.21.
Allcargo Terminals reported steady CFS volumes in April 2025, with 51.4k TEUs handled, similar to the volumes in March 2025 and April 2024. The company also noted a 5% rise in container volume for March 2025, indicating an improvement in trade activity.
Key members of the management team include Kaiwan Kalyaniwalla, who serves as Chairman, and Malav Talati, as the Company Secretary for Allcargo Terminals Ltd. The company's shares are traded on both the NSE and BSE under the stock symbol ATL.
In the quarter ending June 2023, Allcargo Terminals Ltd. declared a dividend of ₹0.50 per share, which translated to a dividend yield of 1.63%. For the year 2024, the dividend yield was reported as 0.00%, with a payout ratio of 0.00%.
Allcargo Terminals Ltd. stands as a significant player in India's logistics infrastructure landscape. By leveraging its strategic positioning across major ports and offering a comprehensive suite of services, the company maintains its leadership in the container freight station industry. Its asset-light business model and operational expertise across India's key maritime gateways position it favorably within the growing Indian trade ecosystem.
