SJ Logistics (India) Limited, incorporated in 2003, is a prominent Multimodal Transport Operator that offers comprehensive, end-to-end logistics and supply chain solutions. Its services span Project Cargo handling, Ocean & Air Freight Forwarding, Customs Clearance, Inland Transportation, Warehousing, Door Delivery, and NVOCC services. The company has established a significant presence across South America, Europe, the Gulf region, and South East Asia. The origins of SJ Logistics trace back to the year 2000 when it began as a proprietorship under Promoter Rajen Hasmukhlal Shah. It was formally incorporated as a private limited company in 2003 to leverage the expanding market demand and business opportunities within the logistics and freight forwarding sector. Initially named "S J Logistics (India) Private Limited," it was registered on December 23, 2003, by the Registrar of Companies, Maharashtra, Mumbai. The company later transitioned to a public limited entity, changing its name to "S J Logistics (India) Limited" following a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai, on November 07, 2016.
SJ Logistics operates as a specialized logistics service provider, focusing on complex and demanding transportation requirements. The company excels in handling project cargo operations, which necessitate meticulous planning and technical proficiency. It delivers customized solutions for the transport of oversized, over-dimensional cargo (ODC), and high-value or critical cargo, such as power generating sets, excavators, and transmission towers, utilizing a combination of multiple transport modes. Since 2017, the company has been actively involved in managing the transport of such specialized cargo on a turnkey contract basis.
To enhance its global reach and service capabilities, SJ Logistics maintains strategic partnerships as a member of leading agency networks, including the ALN Network, America Alliance, and PPL. In a move to diversify its service portfolio, the company commenced warehousing operations in Bhiwandi during the 2023-24 fiscal year.
SJ Logistics (India) Limited holds a market capitalization of ₹749 Crores as of FY25. The company demonstrated robust financial performance in FY25, reporting an impressive revenue growth of 85.5% to ₹502.49 Crores. This was complemented by strong growth in EBITDA and PAT. For Q4 FY25, the company achieved revenue of ₹141.7 Crores (a 60% increase) with PAT reaching ₹14.8 Crores (a 108% increase), primarily driven by significant contributions from the ocean freight and project cargo segments.
Key Financial Metrics:
- Revenue: ₹502 Crores (FY25)
- Profit (PAT): ₹52.5 Crores (FY25)
- Operating Revenue (TTM): ₹449.30 Crores
- Annual Revenue Growth: 102%
- Return on Equity (ROE): 20%
- Debt to Equity Ratio: 7%
The company's stock has exhibited strong market performance, reaching a 52-week high of ₹725.00 and a low of ₹276.00. Over the last year, SJ Logistics has delivered a substantial return of 97.09%. Current valuation metrics include a PE ratio of 13.59 and a PB ratio of 3.28, providing insights into the stock's market standing.
The company is steered by Chairman and Managing Director Rajen Shah. Parth Raval serves as the Company Secretary & Compliance Officer. The shareholding structure indicates that promoters hold 48% of the total shares. Foreign Institutional Investors (FII) hold 0.2%, Domestic Institutional Investors (DII) hold 2.1%, and the public holds the remaining 49.8%. A significant positive aspect is the absence of promoter pledging, which reflects strong confidence from the promoter group.
SJ Logistics continues to expand its operational footprint and enhance investor engagement. A new Kolkata branch office was inaugurated on June 5, 2025, aimed at strengthening operations and improving customer service in the region. The company also enhanced transparency in investor communication by making the audio recording of its Q4 FY25 earnings call available on its website on June 4, 2025.
In 2022-23, the company bolstered its international presence through the formation of its subsidiaries, SJA Logisol India Private Limited and S. J. L. Group (Singapore) Pte. Ltd., both incorporated in Singapore. Additionally, the company has proposed an Initial Public Offer (IPO) involving 38,40,000 Fresh Issue Equity Shares, signalling plans for future capital expansion and growth.
While SJ Logistics has consistently reported profits, it has not paid out dividends, suggesting a strategic decision to reinvest profits back into the business to fuel growth. An area requiring attention for cash flow management is the company's high debtors days, which stand at 154 days. From a technical analysis standpoint, the stock shows strong fundamentals with an EPS Rank of 99, indicating earnings consistency, and an RS Rating of 81, signifying good outperformance relative to other stocks in the market.
SJ Logistics (India) Limited stands as a well-established entity in the Indian logistics and supply chain sector. Its robust financial performance, expanding operational network, and solid market positioning in the multimodal transport industry make it a notable player in its domain.
