Tejas Cargo India Limited is an India-based logistics company incorporated in March 2021, headquartered in Faridabad, Haryana, providing long-haul supply chain transportation services by road across India. The Company offers express supply chain transportation services by road under Full Truck Load (FTL), to a diverse range of companies who are engaged in the logistics, steel and cement, e-commerce, industrial and chemicals, FMCG, and white goods sectors.
The Company offers technology-enabled logistics services to its clients to optimize its operations and minimize contingencies. Its services include shipment planning, route optimization, fleet selection, documentation, tracking, communication and coordination, and performance evaluation. The company has positioned itself as a technology-driven logistics provider in India's rapidly expanding transportation and supply chain sector.
The company's fleets are equipped with Internet of Things (IoT)-based solutions, such as Geo Fencing, Centralized Digital Locking, GPS and SIM based tracking, Advance Driver Assistance System (ADAS)/Driver State Monitoring (DSM), as well as artificial intelligence (AI)-powered rear camera technology. This technological integration allows Tejas Cargo to provide enhanced transparency, security, and efficiency in its logistics operations, setting it apart from traditional transportation service providers.
The company has a market capitalization of ₹566 crore as reported on various financial platforms. The stock is currently trading at ₹237 with a 52-week high of ₹244 and low of ₹141, showing a P/E ratio of 29.6 and book value of ₹72.5. The company demonstrates strong financial metrics with a Return on Capital Employed (ROCE) of 15.5% and Return on Equity (ROE) of 16.7%.
Based on recent quarterly results, the revenue for September 2024 was ₹128.83 crore compared to June 2024 revenue of ₹126.26 crore, representing growth of 2.04%. The net profit for September 2024 was ₹4.29 crore compared to June 2024 net profit of ₹4.46 crore. The company has achieved revenue of ₹501 crore and profit of ₹19.1 crore annually.
• Market Capitalization: ₹566 crore (as of latest data)
• Annual Revenue: ₹501 crore (FY24)
• Annual Profit: ₹19.1 crore (FY24)
• Stock Price: ₹237.00
• 52-Week High: ₹244.00
• 52-Week Low: ₹141.00
• P/E Ratio: 29.6
• ROE: 16.7%
• ROCE: 15.5%
• Book Value: ₹72.5
• Face Value: ₹10.0
• Promoter Holding: 73.6%
• Dividend Yield: 0.00%
The company went public through an IPO that opened for bidding on February 14, 2025, and closed on February 18, 2025. The IPO was priced in the band of ₹160 to ₹168 per share and was subscribed 1.14 times. The IPO comprised a fresh issue of 45,24,800 equity shares, with proceeds intended for working capital requirements, purchase of additional trailers, loan repayment, and general corporate purposes. Prior to the IPO, the company raised ₹29.82 crore from anchor investors on February 13, 2025.
The company maintains a promoter holding of 73.6%. Recent corporate developments include the appointment of Mrs. Raveena Gupta as Company Secretary effective June 30, 2025. The company has been responsive to regulatory requirements, with exchanges seeking clarification regarding quarterly results for March 2025 under SEBI LODR Regulations.
While the company shows strong profitability, debtor days have increased from 56.2 to 69.9 days, indicating some challenges in receivables collection. Despite reporting repeated profits, the company currently does not pay dividends, with a dividend yield of 0.00%. This suggests management is focused on reinvesting profits for growth and expansion.
The company operates in India's logistics sector, which has been experiencing significant growth driven by e-commerce expansion, infrastructure development, and increasing industrial activity. Tejas Cargo belongs to the Industrials sector and Logistics sub-sector on stock exchanges. The Full Truck Load segment, which is the company's primary focus area, represents a substantial portion of India's road transportation market and continues to benefit from the country's economic growth and digitalization trends.
