Navkar Corporation Limited is an India-based company primarily engaged in container freight station (CFS) and inland container depot (ICD) operations, along with related logistics activities. The company strategically focuses on capitalizing on opportunities within the logistics space in Western India. Navkar Corporation Limited is recognized as one of India's largest providers of Container Freight Stations (CFSs), Inland Container Depots (ICDs), Rail Terminals, Container Train Operations, Warehousing, and other comprehensive Logistics Solutions.
The promoter of Navkar Corporation Ltd is JSW Port Logistics Private Limited, which holds a significant 70.37% of the total equity. In the main management team, Rinkesh Roy serves as Chairman, and Deepa Gehani is the Company Secretary for Navkar Corporation Ltd.
Navkar Corporation offers extensive cargo transit services across its network of Container Freight Stations, Private Freight Terminals, Inland Container Depots, and Multimodal Logistics Parks. The company owns three CFSs strategically located to serve the gateway port of Nhava-Sheva, where they efficiently handle both import and export containers and provide essential customs clearance services. Their facilities include modern cargo and container handling infrastructure, expansive warehouses, and dedicated container stacking yards, offering end-to-end services, including parking and repair facilities.
The company boasts a comprehensive range of logistics capabilities, which include:
- Export-related services: Including CFS for handling hazardous cargo.
- Import-related services: Project cargoes, consolidation.
- Specialized facilities: Customs & Plant and Quarantine facility.
- Rail Terminals: For EXIM Cargoes and domestic movements, including a buffer yard.
- Container handling: Empty container storage.
- Warehousing and other value-added services.
Their "other services" encompass palletizing, shrink-wrapping, packing and re-packing, surveying, fumigation and pest control, bar-coding and labelling, and any related services for specific cargoes or processes.
Navkar Corporation operates private freight terminals that are utilized for handling export rakes of agro products, domestic rakes, and container rakes. These terminals are equipped to handle all types of cargo trains, including those for steel cargo, bulk cargo, bagged cargo, containerized cargo, and automobiles. A notable feature of its CFS is the integrated Empty Container Depot, which has the capacity to store a large volume of empty containers.
The company's financial performance reflects recent challenges within the logistics sector.
- Market Capitalization: ₹1,531.83 Crore (as of 7th May 2025)
- 52-Week High: ₹176.43
- 52-Week Low: ₹77.65
- P/E (Price-to-Earnings) Ratio: -33.81 (indicating recent losses)
The company has reported net losses in recent periods.
Full Year (FY2024-25 vs FY2023-24):
- Revenue: ₹484.49 crore (FY25) vs ₹434.87 crore (FY24) - Sales Growth: 11.41%
- Net Loss: ₹45.30 crore (FY25) vs ₹1.71 crore (FY24) - _Increased loss_
Quarter Ended March (Q4 FY2024-25 vs Q4 FY2023-24):
- Sales: Declined 11.58% to ₹104.27 crore (Q4 FY25) vs ₹117.92 crore (Q4 FY24)
- Net Loss: ₹18.53 crore (Q4 FY25) vs Net Profit of ₹7.26 crore (Q4 FY24) - _Shift from profit to loss_
- Operating Income: Fell 1.5% year-on-year (YoY).
- Operating Profit: Decreased by 41.2% YoY.
- Operating Profit Margins: Declined to 14.2% in FY24 from 23.8% in FY23.
- Net Profit: Declined by 92.3% YoY.
- Net Profit Margins: Declined from 16.5% in FY23 to 1.3% in FY24.
In FY24, the company's CFS business was significantly affected by a decline in exempt trade volumes, resulting from reduced imports and exports through the Nhava Sheva port. Agro-commodity exports, in particular, faced headwinds due to government disincentives, such as withholding export quotas for essential food commodities. These external factors have substantially impacted Navkar Corporation's operational performance and financial results.
Navkar Corporation is listed on the BSE under the symbol `539332` and on the NSE under the symbol `NAVKARCORP`.
Recent Corporate Developments:
- AGM Announcement: The 17th Annual General Meeting (AGM) of the company is scheduled for July 8, 2025.
- CFO Appointment: Sabyasachi Mukherjee was appointed as Chief Financial Officer and Key Managerial Personnel, replacing Prasoon Singh, effective January 27, 2025.
- Credit Rating Reaffirmation: CRISIL reaffirmed Navkar's ₹278 Crore bank loan ratings at AA-/Stable and A1+ on June 24, 2025, indicating a stable credit outlook despite recent financial performance.
The company continues to navigate challenging market conditions while maintaining its position as a significant player in India's logistics and container handling sector. Despite recent financial setbacks, Navkar Corporation remains committed to serving the western India logistics market with its comprehensive range of freight and container services.
