Chartered Logistics Limited

Industrials — Trucking · BSE

₹6.97+₹0.33 (+4.97%)

DalalBaazaar Score

36 / 100

🔴 Weak

Verdict

CAUTION

Risk

High

Driven by the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money, but sales are shrinking. Whether sales start growing again is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:53 pm

Understanding the Business

Company site ↗

The 60-second version of Chartered Logistics Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Chartered Logistics Limited provides logistics services dealing in domestic transportation of goods in India.

IndustryTrucking

SectorIndustrials

Employees51

Annual revenue₹72 Cr

How does it make money?

Turns over ₹72 Cr a year. Of every ₹100 of sales, about ₹-3 reaches shareholders as profit, with ₹7 left at the operating level before interest, tax and depreciation. Each of its 51 employees supports ₹1.40 Cr of revenue a year, the signature of a capital- or asset-led business.

Revenue / employee₹1.40 Cr

Who are its competitors?

The closest listed comparisons in its industry are LARSEN & TOUBRO LTD., SIEMENS LTD, ABB INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 2.4% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE15.2%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -16% while net margin moved -1852% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-16%

Margin effect-1852%

DalalBaazaar Score

36/ 100

Weak

Weighted across six categories. Every point is explained below.

✗ Revenue has contracted at 5.5% a year

Quality vs. Valuation

Company Quality

33/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

36/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

19.2x

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Debt is being paid down
Total debt is down 45% over 3 years.

🔴 What Needs Attention2

Return on equity is falling
ROE has dropped from 0.4% to -3.5% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from 5.5% to 2.4% — often a sign of competition or overexpansion.

Red Flags

4 items require attention · 2 high · 2 watch

🔴Thin interest coverageFinancial
Operating profit covers interest only 0.8x — little room if earnings dip.
🔴The company is lossmakingFinancial
Net profit of -₹2 Cr in the latest reported year.
🟡Interest coverage is deterioratingFinancial
Cover has fallen from 1.7x to 0.8x.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 28% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Deleveraging frees up earnings
Debt is down 45% over 3 years. Every rupee of interest not paid drops to the bottom line, so profit can grow even if revenue does not.
Self-funding with balance-sheet headroom
Positive free cash flow of ₹4 Cr alongside low debt means growth, buybacks or dividends need no outside money — and a downturn can be absorbed rather than refinanced.

🔴 Bear CaseWhat could go wrong?

The debt load needs earnings to hold up
Debt is 4.0x EBITDA. At that level a downturn in earnings turns a manageable balance sheet into a refinancing problem, and lenders get paid before shareholders.
Returns on shareholder capital are falling
ROE has dropped from 0.4% to -3.5%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
2 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 5%✓ 7.5%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Debt / EBITDA falls below 3x✗ 4.0x
Already stretched, so this is a reduction target rather than a level to hold. Around 3x is where lenders typically start attaching conditions.
3Interest cover stays above 3x✗ 0.8x
How much operating profit can fall before interest stops being comfortably covered.
4Free cash flow remains positive✓ ₹4 Cr
Profit that never becomes cash eventually stops being profit.
5ROCE stays above 8%✗ 2.4%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

5 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

3 good · 3 neutral · 5 weak

Market Cap

₹89 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

1.33x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.19

Loss-making

Negative earnings per share — the business is losing money

ROE

-3.5%

Weak

Weak capital efficiency

ROCE

2.4%

Weak

Low return on total capital employed

Debt/Equity

0.33x

Low

Conservative leverage

Revenue Growth (YoY)

-9.4%

Shrinking

Sales are contracting

Profit Growth (YoY)

0.0%

Modest

Slow profit growth

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹4 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

P/E (Forward)

4.9x

Operating Margin

3.3%

Weak

Thin margins leave little room for error

Net Margin

-3.4%

Weak

Very little revenue reaches the bottom line

Current Ratio

2.24

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.80

Defensive

Steadier than the market

52W Range Position

33%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

8.2 / 9.2

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

17.6

Oversold zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹85 Cr	₹72 Cr	₹77 Cr	₹72 Cr	-5.5%
EBITDA	₹6 Cr	₹5 Cr	₹8 Cr	₹5 Cr	-2.3%
EBITDA Margin	6.8%	7.6%	10.6%	7.5%	—
PAT (Net Profit)	₹0 Cr	₹1 Cr	₹1 Cr	-₹2 Cr	—
EPS	₹0.02	₹0.07	₹0.1	₹-0.18	—
ROE	0.4%	1.5%	1.9%	-3.5%	—
ROCE	5.5%	7.6%	5.2%	2.4%	—
Total Debt	₹39 Cr	₹21 Cr	₹21 Cr	₹21 Cr	-18.1%
Free Cash Flow	₹7 Cr	₹13 Cr	-₹1 Cr	₹4 Cr	-14.3%

🔴 Revenue has shrunk at 5.5% a year over 3 years.

🔴 EBITDA has shrunk at 2.3% a year over 3 years.

🟡 EBITDA Margin has held roughly flat at 7.5% over 3 years.

🔴 PAT (Net Profit) has turned negative, from ₹0 Cr to -₹2 Cr.

🔴 EPS has turned negative, from ₹0.02 to ₹-0.18.

🔴 ROE has fallen from 0.4% to -3.5% over 3 years (-3.9 pts).

🔴 ROCE has fallen from 5.5% to 2.4% over 3 years (-3.1 pts).

🟢 Total Debt has shrunk at 18.1% a year over 3 years.

🔴 Free Cash Flow has shrunk at 14.3% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹91 Cr

Total Liabilities

₹25 Cr

Cash & Equivalents

₹7 Cr

Operating Cash Flow

₹7 Cr

Capex

-₹3 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

45.0%

Corporate Actions

Ex-Dividend Date

25 Oct 2011

Peer Comparison

Company	P/E	ROE
LARSEN & TOUBRO LTD.	30.1x	15.2%
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%

Recent News

1 mixed5 general

Chartered Logistics Ltd. Upper Circuit Today: Price, Data and Peers

Univest, 23 Sept

Chartered Logistics subsidiary receives approval to start finance business at GIFT City; stock soars 6%

Alice Blue, 13 Apr

Chartered Logistics Ltd. Key Financial Ratios – Valuation, Profitability & More

Value Research, 30 Aug

Chartered Logistics Q1 Results: Net profit flat at ₹2 crore

scanx.trade, 12 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Chartered Logistics Ltd. Share Price: Market Cap Analysis

Univest, 28 Jul

Chartered Logistics Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 31 Aug

Watch Items

Revenue growth is negative (-9.4%) on the latest reported period — check if this is one-off or a trend.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
RSI is in oversold territory — could mean either a bargain or a stock still falling for good reason. Check the 'why' before assuming reversal.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingValuation

WeakBusiness Quality · Growth · Profitability · Risk

Points for each in the Score ↑

Weak on the fundamentals

Poor scores on business quality without a price low enough to compensate. There is no obvious argument for owning this over a stronger company at a similar valuation. 2 high-severity red flags sit above this conclusion and should be read first.

3 of 5 tripwires tripped — Debt / EBITDA falls below 3x; Interest cover stays above 3x; ROCE stays above 8% · see Key things to watch ↑