S J Logistics (India) Ltd: Delivering Profits or Just Shipping Hype?
1. At a Glance
A rising SME logistics player, S J Logistics is hauling in profits faster than your Swiggy order—ROCE at 36%, revenue doubled in 2 years. But beware the 141 debtor days, zero dividends, and mysterious net cash flows.
2. Introduction with Hook
Imagine if Amazon Prime delivery had the financial hustle of Wolf of Wall Street. That’s SJ Logistics.
FY25 Revenue: ₹502 Cr (from ₹149 Cr in FY23)
FY25 Net Profit: ₹52 Cr (up from ₹8 Cr in FY23)
But… 141 debtor days and rising public shareholding whisper: “Dude, check the books.”
3. Business Model (WTF Do They Even Do?)
SJLL offers a full-stack supply chain:
Freight Forwarding (Sea + Air)
Customs Clearance
Warehousing
NVOCC
Project Cargo (a fancy way to say “big, weird stuff”) Serves across continents: South America, Europe, Gulf, and SE Asia. Also part of global agency networks like ALN, PPL, and America Alliance. A classic “Asset-light, ambition-heavy” logistics setup.
