Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹96Cr
Rev Gr TTM
Revenue Growth TTM
-8.45%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

FLOMIC
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -41.2 | -51.1 | -40.5 | 7.2 | 34.0 | 62.4 | 84.0 | 51.4 | 17.3 | -8.5 | -16.7 | -19.3 |
| 68 | 60 | 70 | 80 | 91 | 101 | 126 | 123 | 107 | 95 | 105 | 99 |
Operating Profit Operating ProfitCr |
| 9.3 | 11.4 | 6.0 | 9.9 | 10.0 | 9.0 | 7.8 | 8.4 | 9.6 | 6.1 | 7.6 | 8.8 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 3 | 3 | 3 | 3 |
Depreciation DepreciationCr | 5 | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 1 | 1 | -3 | 2 | 3 | -1 | 2 | 2 | 2 | -3 | -1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -81.7 | -70.4 | -155.8 | 64.3 | 105.8 | -160.0 | 149.8 | -38.6 | 7.8 | -422.8 | -184.9 | -31.9 |
| 1.2 | 1.4 | -3.2 | 2.1 | 1.8 | -0.5 | 0.9 | 0.8 | 1.6 | -2.9 | -0.9 | 0.7 |
| 0.5 | 0.5 | -1.3 | 1.0 | 1.0 | -0.3 | 0.7 | 0.6 | 1.1 | -1.6 | -0.6 | 0.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -100.0 | | -25.8 | -79.8 | -100.0 | | 44.3 | 126.9 | 12.8 | -21.4 | 50.6 | -11.6 |
| 0 | 1 | 0 | 0 | 0 | 107 | 151 | 345 | 386 | 301 | 456 | 406 |
Operating Profit Operating ProfitCr |
| | -149.2 | -158.3 | -1,115.9 | | 6.5 | 8.6 | 8.0 | 8.6 | 9.4 | 8.7 | 8.1 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 2 | 3 | 3 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 6 | 8 | 9 | 14 | 12 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 6 | 9 | 13 | 18 | 21 | 28 | 28 |
| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 13 | 13 | 3 | 5 | -1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 1 | 1 | 0 |
|
| -109.5 | -101.7 | 133.2 | 250.3 | -211.7 | -227.9 | 4,776.9 | 290.3 | -1.6 | -77.0 | 69.1 | -134.9 |
| | -6.2 | 2.8 | 47.8 | | -0.1 | 1.5 | 2.6 | 2.3 | 0.7 | 0.7 | -0.3 |
| -0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.4 | 5.3 | 5.2 | 1.2 | 2.0 | -0.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 0 | 7 | 7 | 7 | 7 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| 7 | 0 | 0 | 0 | 0 | 2 | 4 | 14 | 23 | 25 | 29 | 24 |
Current Liabilities Current LiabilitiesCr | 0 | 0 | 0 | 0 | 0 | 30 | 50 | 73 | 67 | 97 | 101 | 98 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 0 | 0 | 0 | 24 | 26 | 35 | 36 | 62 | 61 | 52 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 1 | 1 | 1 | 1 | 7 | 38 | 59 | 86 | 82 | 101 | 110 | 104 |
Non Current Assets Non Current AssetsCr | 6 | 6 | 7 | 7 | 1 | 36 | 39 | 54 | 62 | 101 | 100 | 88 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | 0 | 0 | -1 | 0 | -6 | 9 | 9 | 37 | 20 | 17 |
Investing Cash Flow Investing Cash FlowCr | 1 | 0 | 0 | 0 | 0 | -4 | -1 | -3 | -2 | -6 | -2 |
Financing Cash Flow Financing Cash FlowCr | 0 | 0 | 0 | 0 | 0 | 13 | -6 | -8 | -17 | -17 | -26 |
|
Free Cash Flow Free Cash FlowCr | 0 | 0 | 0 | -1 | 0 | -11 | 9 | 5 | 35 | 17 | 14 |
| 2,789.1 | -694.4 | -8,954.4 | -3,558.8 | 1,242.9 | 11,901.0 | 360.5 | 92.5 | 388.1 | 930.3 | 450.9 |
CFO To EBITDA CFO To EBITDA% | 71.9 | -28.6 | 155.5 | 152.4 | 45.6 | -84.9 | 63.1 | 29.8 | 101.8 | 65.3 | 38.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 0 | 0 | 1 | 9 | 236 | 157 | 127 | 98 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 17.0 | 0.0 | 0.0 | 3.8 | 24.5 | 16.6 | 58.5 | 26.5 |
Price To Sales Price To Sales | 0.0 | 0.3 | 0.0 | 0.6 | 0.6 | 0.0 | 0.1 | 0.6 | 0.4 | 0.4 | 0.2 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 7.3 | 3.8 | 2.9 | 2.1 |
| 6.0 | 2.8 | 3.2 | -0.4 | -0.4 | 4.0 | 3.1 | 9.8 | 5.7 | 7.1 | 4.6 |
Profitability Ratios Profitability Ratios |
| | 100.0 | 100.0 | 100.0 | | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| | -149.2 | -158.3 | -1,115.9 | | 6.5 | 8.6 | 8.0 | 8.6 | 9.4 | 8.7 |
| | -6.2 | 2.8 | 47.8 | | -0.1 | 1.5 | 2.6 | 2.3 | 0.7 | 0.7 |
| 0.0 | 0.0 | 0.1 | 0.3 | 0.1 | 4.6 | 11.2 | 20.6 | 18.6 | 7.5 | 11.7 |
| -0.1 | -0.2 | 0.1 | 0.2 | -0.2 | -0.3 | 11.0 | 29.9 | 22.8 | 5.0 | 7.9 |
| -0.1 | -0.2 | 0.1 | 0.2 | -0.2 | -0.1 | 2.5 | 6.9 | 6.6 | 1.1 | 1.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Flomic Global Logistics Ltd is a leading Indian freight forwarding and integrated logistics solutions provider with a 37-year operational history, dating back to its founding in 1988 by Mr. Lancy Barboza in Mangalore. Incorporated as Flomic Freight Services Pvt Ltd in 1992 after relocating to Mumbai, the company transitioned into a publicly listed entity in 2020 through amalgamation with Vinaditya Trading Company Limited, which was subsequently renamed **Flomic Global Logistics Ltd** and listed on the **Bombay Stock Exchange (BSE)**.
With a vision to become a globally recognized end-to-end logistics partner, Flomic operates under a one-stop-shop model, offering comprehensive domestic and international logistics services across air, sea, land, and rail.
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### **Core Business Segments & Services**
Flomic operates across multiple high-growth logistics segments:
- **International Freight Forwarding** (Air & Sea Export/Import)
- **Customs Brokerage & Agency Services**
- **Warehousing & 3PL/4PL Solutions**
- **Multimodal & Door-to-Door Transportation**
- **Project Cargo & Break Bulk Handling**
- **Cross-Trade Logistics**
- **Chartering of Ships & Aircraft**
- **Reefer Container & Liquid Logistics (ISO Tanks, Flexi Tanks)**
- **Exhibition & Event Logistics**
The company specializes in handling complex cargo types including **project cargo** (e.g., wind turbines, mining equipment), **oversized goods**, **pharmaceuticals**, **dangerous goods**, and **temperature-sensitive shipments**, supported by technical expertise and real-time monitoring systems.
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### **Operational Footprint & Network Expansion**
As of 2025, Flomic has established a robust pan-India presence with:
- **30+ branches** in major metropolitan and tier-two cities including **Delhi, Mumbai (Bhiwandi), Bangalore, Chennai, Kolkata, Ahmedabad, Vadodara, Pune, Gurgaon, Jammu & Kashmir, and Karnataka**.
- **43+ warehouses** across key logistics hubs such as **Delhi, Gurgaon (2), Halol (Gujarat), Mewat & Hissar (Haryana), Thane, Tamil Nadu, Telangana (2), Lucknow, Howrah (3), and Jammu & Kashmir**.
- Own **warehousing and Container Freight Stations (CFS)** facilities in strategic locations to support 3PL operations.
- A **global office in Dubai**, with **planned expansions into Singapore, Sri Lanka, the Netherlands, and London** by FY2026.
Flomic is a proud member of several elite global freight networks:
- **World Cargo Alliance (WCA)** – connects to over 2,000 freight forwarders in 197 countries.
- **JCTrans**
- **Prolog Network**
- **IATA-accredited** for air cargo operations.
These memberships enable competitive freight rates, global destination access, and seamless coordination with overseas partners.
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### **Strategic Initiatives & Growth Plans**
1. **Expansion into High-Value Cargo Segments**:
- Growing **break bulk and project cargo volumes** via hiring senior talent in **sales and operations**.
- Investing in **specialized equipment** (flat racks, super racks) and **technical capabilities** for oversized shipments.
2. **Vertical Integration & Infrastructure Investments**:
- Building a **proprietary fleet of vehicles** for last-mile delivery.
- Setting up **air cargo centers at major Indian airports** to move up the value chain.
- Expanding **container freight stations** at emerging ports.
3. **Digital Transformation**:
- Utilizes a **cloud-based ERP system** and **real-time cargo tracking technologies** to enhance transparency and service efficiency.
- Offers **24x7 online tracking**, digital documentation, and automated customer reporting.
4. **Global Market Penetration**:
- Targeting new international offices in **Dubai, Singapore, Colombo, Amsterdam, and London**.
- Strengthening **cross-trade logistics** solutions leveraging global agent networks and multilingual teams.
5. **Talent & Governance**:
- Key leadership includes:
- **Alan Barboza**, Executive Director & AGM - Sales (9+ years with company).
- **Amarjit Sahmbi**, CEO - Warehousing Division, who built a **39-warehouse network** across India.
- **Piyush Mehta**, VP - Sales, with nearly two decades of freight forwarding experience.
- Implementing **ESOPs and talent retention strategies** to support scaling.
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### **Sales & Customer Acquisition Strategy**
- Maintains a **large direct sales force** targeting exporters, importers, and overseas agents.
- Adds **~75 new customers per month**.
- Avoids **sub-agent business models** to preserve **higher net margins**, even at the expense of top-line volume.
- Focuses on **deep-selling and cross-selling** to key corporate clients across industries.
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### **Customer Value Proposition**
Flomic differentiates itself through:
- **Integrated, multimodal logistics solutions** under a single **bill of lading (BL)**.
- **Expertise in international trade compliance**, customs procedures, and INCO term advisory.
- **End-to-end shipment visibility** with real-time tracking and proactive risk management.
- **Dedicated project management teams** for complex and time-sensitive deliveries.
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### **Sustainability & Regulatory Compliance**
- Founder Lancy Barboza holds certifications from **Air India (Cargo Handling)** and **Customs Rule 9 Examination**, laying the foundation for strong regulatory adherence.
- All staff are trained in **international trade regulations, customs processes, and hazardous goods handling**.
- Emphasis on **technical precision**, **safety**, and **cargo integrity**, especially for reefer, liquid, and project cargo.
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