1. At a Glance – “Raipur ka DHL, Valuation ka LOL”
Shree Vasu Logistics Ltd (SVLL) is what happens when warehouse ambition meets stock market adrenaline. Market cap of ~₹727 Cr, current price hovering around ₹632, and a stock P/E of 207x — yes, two-zero-seven, not a typo.
Latest quarter (Q3 FY26) delivered ₹55.8 Cr in sales (+51% YoY), but managed to flip profits into a ₹0.68 Cr loss, reminding us that logistics margins may look fat on paper, but interest + depreciation don’t care about vibes.
Operating margins are still a solid ~23%, ROCE sits at 16.6%, but ROE is stuck at ~6.6%, largely because the balance sheet is carrying ₹88 Cr of debt like a school bag filled with bricks.
Promoters hold a comfy 73.6%, zero pledge, which is the only thing not giving investors BP right now.
So… is this a high-growth logistics compounder, or a valuation experiment gone rogue? Let’s unpack this truck properly.
2. Introduction – From Raipur With Warehouses
Founded in 2007, Shree Vasu Logistics Ltd quietly built a logistics empire across Central & Eastern India while Dalal Street was busy chasing app-based delivery boys.
SVLL specialises in warehousing, CFA services, and logistics, with a clear tilt towards pharma, FMCG, agri, petroleum, paints, cables, and everything that needs safe storage without melting, exploding, or expiring. Temperature-controlled warehouses? Yes. Safety systems? Yes. Fancy tech buzzwords? Thankfully, no overacting.
But here’s the plot twist:
Operationally, the company has been growing steadily — sales CAGR ~19% over 5 years.
Financially, profits have been… emotionally inconsistent.
And valuation-wise? The stock behaves like it already won the next decade.
So the big question: Is SVLL building long-term logistics infra, or is
the market pricing it like an AI unicorn wearing a warehouse costume?
3. Business Model – WTF Do They Even Do?
Think of SVLL as the backend logistics guy who makes sure your shampoo, medicines, tyres, and adhesives don’t vanish between factory and shelf.
Core offerings:
- Warehousing:
~8.5 lakh sq. ft. of controlled storage (and expanding), focused on regulated goods like pharma & FMCG. - Logistics & Transportation:
350+ vehicles, local + national movement, increasingly moving towards EVs (50 new electric vehicles planned). - Packing & CFA services:
Multi-point packing, inventory handling, distribution — the boring stuff that actually makes money (when debt behaves).
Scale indicators (not small-cap jugaad level):
- 7.27 lakh+ tons handled
- 4.5 million sq. ft. warehouse footprint (owned + leased)
- 3,000+ employees
- Presence in 34+ cities, 15 states, 7,000+ pincodes
In short: real business, real assets, real trucks — not PowerPoint logistics.
4. Financials Overview – Growth Hai, Profit Mood Swings
Quarterly Performance Table (₹ Cr)
| Metric | Latest Qtr (Dec’25) | YoY Qtr (Dec’24) | Prev Qtr (Sep’25) | YoY % | QoQ % |
|---|---|---|---|---|---|
| Revenue | 55.82 | 36.87 | 55.97 | +51.4% | -0.3% |
| EBITDA | 12.81 | 10.05 | 13.60 | +27.4% | -5.8% |
| PAT | -0.68 | 0.38 | 1.22 | -279% | -156% |
| EPS (₹) | -0.59 | 0.33 | 1.06 | – | – |
What happened?
- Revenue is flying
- EBITDA margin slipped a bit
- Interest + depreciation tag-teamed PAT into submission
Annualised EPS
