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AVG Logistics Ltd

AVG
NSE
166.78
0.27%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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AVG Logistics Ltd

AVG
NSE
166.78
0.27%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
251Cr
Close
Close Price
166.78
Industry
Industry
Logistics - Warehousing/Supply Chain
PE
Price To Earnings
11.97
PS
Price To Sales
0.46
Revenue
Revenue
550Cr
Rev Gr TTM
Revenue Growth TTM
1.68%
PAT Gr TTM
PAT Growth TTM
-46.93%
Peer Comparison
How does AVG stack up?
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AVG
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
113100117125137123138142148125143134
Growth YoY
Revenue Growth YoY%
-12.43.65.917.221.322.517.914.27.91.73.3-5.9
Expenses
ExpensesCr
868297102116100115117124101119108
Operating Profit
Operating ProfitCr
261921232123232624242426
OPM
OPM%
23.418.517.818.115.518.616.818.016.118.917.019.5
Other Income
Other IncomeCr
2011241110121
Interest Expense
Interest ExpenseCr
777777766688
Depreciation
DepreciationCr
9910101010111210111212
PBT
PBTCr
12357297788777
Tax
TaxCr
312261222212
PAT
PATCr
9234235565555
Growth YoY
PAT Growth YoY%
-62.32,500.0228.1124.7149.4150.584.326.4-77.1-4.6-5.6-2.0
NPM
NPM%
8.12.12.53.516.74.23.93.93.54.03.54.0
EPS
EPS
23.82.11.54.119.13.83.93.83.73.33.43.6

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
227313322333432427480552550
Growth
Revenue Growth%
38.42.83.529.5-1.112.414.9-0.3
Expenses
ExpensesCr
203286292319391352396456452
Operating Profit
Operating ProfitCr
242830144175849698
OPM
OPM%
10.68.99.44.39.417.617.417.317.8
Other Income
Other IncomeCr
0211132534
Interest Expense
Interest ExpenseCr
7810122231282628
Depreciation
DepreciationCr
68971836384345
PBT
PBTCr
12136-2111422928
Tax
TaxCr
432-1031088
PAT
PATCr
8104-218322121
Growth
PAT Growth%
34.1-55.7-139.4152.4752.0310.1-33.9-3.0
NPM
NPM%
3.33.21.4-0.50.21.86.73.93.8
EPS
EPS
10.59.45.0-1.60.87.126.715.013.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
71010121212141515
Reserves
ReservesCr
225864697078172226242
Current Liabilities
Current LiabilitiesCr
5173104109120140114143164
Non Current Liabilities
Non Current LiabilitiesCr
19333152222177135109154
Total Liabilities
Total LiabilitiesCr
100175209241424408449499574
Current Assets
Current AssetsCr
61108132151161162196248278
Non Current Assets
Non Current AssetsCr
40677790262245252251296
Total Assets
Total AssetsCr
100175209241424408449499574

Cash Flow

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
12-621-429382837
Investing Cash Flow
Investing Cash FlowCr
-10-38-17-16-24-16-35-35
Financing Cash Flow
Financing Cash FlowCr
-145-320-6-248-2
Net Cash Flow
Net Cash FlowCr
1110-1-100
Free Cash Flow
Free Cash FlowCr
4-352-21621-231
CFO To PAT
CFO To PAT%
160.3-57.8458.6205.33,128.9488.085.4174.2
CFO To EBITDA
CFO To EBITDA%
50.3-20.967.8-25.171.051.232.938.9

Ratios

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
0823155100199780370
Price To Earnings
Price To Earnings
0.08.76.00.0103.723.824.417.3
Price To Sales
Price To Sales
0.00.30.10.20.20.51.60.7
Price To Book
Price To Book
0.01.20.40.71.22.24.21.5
EV To EBITDA
EV To EBITDA
1.95.03.011.69.46.211.86.1
Profitability Ratios
Profitability Ratios
GPM
GPM%
89.888.389.3100.0100.0100.0100.0100.0
OPM
OPM%
10.68.99.44.39.417.617.417.3
NPM
NPM%
3.33.21.4-0.50.21.86.73.9
ROCE
ROCE%
24.916.911.65.06.311.817.312.0
ROE
ROE%
25.514.76.1-2.21.18.817.38.8
ROA
ROA%
7.55.82.1-0.70.21.97.24.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** AVG Logistics Ltd, founded in 2010 and headquartered in Delhi, is a leading integrated **multimodal third-party logistics (3PL)** provider in India. Listed on the NSE SME platform in 2018 and migrated to the NSE Mainboard in May 2023, the company specializes in **road and rail transportation, warehousing, cold chain logistics, liquid logistics, e-commerce fulfillment, and packers & movers services**. With a pan-India footprint and strategic international operations in Nepal, Bangladesh, and Bhutan, AVG Logistics supports over 300 prestigious clients across high-growth sectors. --- ### **Recent Key Developments (Nov 2025)** - **Secured a major 3PL contract with PepsiCo India** for end-to-end warehousing and dispatch operations at its Kosi Kalan, Uttar Pradesh facility, handling over **1 million snack cases per month** with high-performance turnaround. - Added new marquee clients in FMCG and other sectors during FY25 and FY26, reflecting strong business expansion and diversification. - Expanded service offerings to include **cold chain, FTL/LTL, LNG transport, international exports, and packers & movers**, underpinned by strategic ventures such as **Galaxy Packers & Movers Pvt. Ltd.** and a joint venture with **Sunil Transport (AVG Sunil Liquid Logistics)**. --- ### **Core Operations & Capabilities** #### **Fleet & Infrastructure** - **Fleet Size:** Operates a mixed fleet of **over 3,000 vehicles**, including **700+ owned trucks and reefers**, with daily monitoring of **1,200+ vehicles** via a central command center. - **Specialized Fleet Assets:** - **45-foot reefer trucks** (22-tonne payload, -25°C to +25°C) for temperature-sensitive goods. - **Zero-residue food-grade tankers** (32m³ capacity, 22-tonne payload) for FMCG liquids. - **Multi-door curtain-sided trucks** with dual loading levels to reduce loading time by **80%**. - Deployment of **LNG-powered and electric vehicles (EVs)** in partnership with **Blue Energy Motors (Essar)** to drive sustainability. #### **Warehousing & Distribution** - Manages approximately **856,369 sq. ft. (over 8.5 lakh sq. ft.)** of warehousing space across **India’s key industrial and consumption hubs**. - Features **WMS-enabled, fully automated warehouses** offering dedicated/shared storage, co-packing, labeling, and inventory management. - Developing a **new 4-acre logistics hub in Khurdha, Odisha**, expected to generate **₹6–7 crore in annual revenue** upon completion. - Serves **19,000+ Indian pincodes** via partnership with **India Post**. #### **Cold Chain & Temperature-Controlled Logistics** - Operates a dedicated **fleet of 400+ reefer vehicles**, catering to pharmaceuticals, dairy, chocolates, ice cream, QSR, and FMCG. - Ensures cold chain integrity with **IoT sensors, real-time temperature monitoring, and predictive alerts**. - Key contracts with **Nestlé, HUL (Kwality Walls), PepsiCo, and pharmaceutical clients** like GlaxoSmithKline and Ranbaxy. - Targets **₹150 crore in reefer revenue** (FY25: ~₹80 crore), with margins of **20–25%**, significantly higher than dry freight. #### **Multimodal & Rail Logistics** - Market leader in **rail-cum-road logistics**, operating **7+ active rail routes** in partnership with **Indian Railways**. - Secured a **six-year PCET (Parcel Cargo Express Train) contract** (INR 150 crore) between Bangalore–Ludhiana and additional routes such as Mysore–Kolkata. - One cargo train replaces **60–65 truckloads**, reducing costs and **cutting CO₂ emissions by up to 75%**. - Signed **tenders worth ₹5,100 crore** with Indian Railways, positioning AVG as a pioneer in sustainable bulk freight. #### **International & Express Services** - Conducts **exports to Nepal and Bangladesh** via road and rail corridors. - Partners with **UPSRTC** (Uttar Pradesh State Road Transport Corporation) to operate express parcel services in **9,000 buses**, expected to generate **₹60 crore over 5 years**. - Offers **100% cashless packers & movers, reverse logistics, and tech-enabled last-mile delivery**. --- ### **Financial Performance** - **H1 FY26 Revenue:** ₹268.05 crore, reflecting sustained momentum from digital integration and network optimization. - **FY25 Revenue:** ₹551.5 crore (crossing the ₹500 crore milestone); FY24 revenue was ₹479.89 crore (+12.35% YoY). - **EBITDA (FY25):** ₹95.57 crore at a margin of **17.33%**, driven by cost optimization and improved asset utilization. - Revenue for **cement logistics contract** (3-year) expected to add **₹90 crore annually** starting Q3 FY25. --- ### **Strategic Initiatives & Growth Roadmap** 1. **Diversification & Client Expansion:** - Reduced reliance on FMCG (top clients contribute ~45% of revenue) by expanding into **steel, cement, chemicals, e-commerce, pharma, and liquid logistics**. - New contracts with **Dalmia Cement, Tata Steel, UltraTech, and Colgate**, improving payment cycle (7 days for cement vs. 92–100 days in FMCG). 2. **Sustainability & Green Logistics:** - Transitioning to **low-emission transport** via LNG trucks, EVs, and rail. - Invested over **55% of FY26 capex in cold chain infrastructure**. - Leveraging **AI, IoT, and blockchain** for route optimization, real-time tracking, and tamper-proof documentation. 3. **Technology & Innovation:** - Uses **ADAS, GPS tracking, in-cabin cameras, tyre monitoring, and digital dashboards** for driver safety and operational transparency. - Central command center enables **24x7 monitoring, exception management, and rapid response**. - AI-driven logistics planning to enhance **load and route optimization**. 4. **Mergers & Acquisitions:** - Acquired **99% stake in Kaizen Logistics** (FY24 revenue: ₹45.65 crore) to strengthen **warehousing and express logistics capabilities**, especially in **Ludhiana and coastal India**. - Expansion into **EXIM, containerized transport, and liquid logistics** through Kaizen integration. 5. **Joint Ventures & Subsidiaries:** - **AVG Sunil Liquid Logistics (JV with Sunil Transport):** For safe, compliant transport of edible oils, chemicals, and industrial liquids via ISO tanks. - **Galaxy Packers & Movers (wholly owned):** Entry into the fast-growing relocation and household logistics segment, projected to reach **$1.5 billion by 2025**. --- ### **Client Base & Industries Served** AVG Logistics serves **six core segments** with tailored, technology-enabled solutions: - **FMCG:** Nestlé, PepsiCo, HUL, ITC, Coca-Cola, Marico - **Pharmaceuticals & Cold Chain:** GSK, Ranbaxy, QSR chains (KFC, Domino’s, McDonald’s) - **Automotive:** MRF, Apollo Tyres, Airtel (equipment logistics) - **Heavy Commodities:** UltraTech Cement, Dalmia Cement, Tata Steel - **E-commerce & Retail:** BigBasket, Amazon (via 3PL fulfillment) - **Liquid Logistics:** Aditya Birla Group, Vedanta, Reliance Industries (Edible oils, chemicals) --- ### **Leadership & Vision** Led by **Sanjay Gupta** (Founder, MD & CEO), with over 35 years of logistics expertise, AVG Logistics combines operational excellence with a lean, sustainable, and client-centric business model. The company envisions becoming **India’s most trusted multimodal 3PL partner**, enabling **faster, greener, and more reliable** supply chains across sectors.