Committed Cargo Care Limited

Sector n/a · NSE

₹53.10−₹1.40 (−2.57%)

DalalBaazaar Score

55 / 100

🟡 Moderate

Verdict

NEUTRAL

Risk

Moderate

Driven by negative free cash flow, micro-cap size, which brings thin liquidity.

In simple words: Reasonable but unspectacular business quality, with both sales and profits growing well. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:07 pm

Mixed / neutral. No major red flags jump out, but nothing here screams "obviously cheap" either. This is a name that needs a peer comparison and a view on near-term earnings triggers before sizing a position.

Understanding the Business

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

How does it make money?

Turns over ₹251 Cr a year. Of every ₹100 of sales, about ₹5 reaches shareholders as profit, with ₹6 left at the operating level before interest, tax and depreciation.

EBITDA margin6.2%

Net margin4.7%

What is its competitive advantage?Little sign of one

Returns on capital of 14.7% 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.

ROCE14.7%

ROE12.9%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +105% while net margin moved +7% 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+105%

Margin effect+7%

DalalBaazaar Score

55/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Micro Cap: thinner liquidity and sharper drawdowns are normal
✗ Negative free cash flow means dependence on external funding

Quality vs. Valuation

Company Quality

60/ 100

Average

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

Valuation

88/ 100

Cheap

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

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

No P/E available

P/E (Trailing)

—

P/B

—

EV/EBITDA

4.0x

PEG

—

Dividend Yield

None

What's Good / What's Bad

🟢 What's Going Well2

Very low debt
Debt/Equity of 0.23x leaves the balance sheet with plenty of headroom.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention5

Debt is rising
Total debt is up 3001% over 3 years — worth checking what it funded.
Free cash flow is negative
The business is not currently covering its capital spending from operations.
Return on equity is falling
ROE has dropped from 18.5% to 12.9% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from 23.9% to 14.7% — often a sign of competition or overexpansion.
Receivables growing faster than sales
Receivables are up 140% against revenue growth of 105% — customers are taking longer to pay.

Red Flags

4 items require attention · 3 high · 1 watch

🔴Debt has risen sharplyFinancial
Total debt is up 3001% over 3 years, from ₹1 Cr to ₹21 Cr.
🔴Free cash flow negative for 3 yearsFinancial
The business has not covered its capital spending from operations for several years running, which has to be funded externally.
🔴Profit up while operating cash flow fallsFinancial
Reported profit rose but cash generated by operations declined — worth checking whether earnings are being supported by non-cash items or working capital.
🟡Receivables growing faster than salesFinancial
Receivables up 140% against revenue up 105% — sales are being booked faster than they are collected.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Sales are being booked faster than collected
Receivables are up 140% against revenue up 105%. If customers keep taking longer to pay, reported profit will not turn into cash — and write-offs follow if some never do.
Returns on shareholder capital are falling
ROE has dropped from 18.5% to 12.9%. 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.
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
3 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

1Revenue growth stays above 20% a year✓ 27.1% CAGR
Latest reported year was 32.4%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 4%✓ 6.2%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Free cash flow remains positive✗ -₹15 Cr
Profit that never becomes cash eventually stops being profit.
4Debt / EBITDA stays below 2x✓ 1.3x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
5ROCE stays above 12%✓ 14.7%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

4 / 9 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
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

3 good · 7 neutral · 1 weak

Market Cap

₹61 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not available

No data

Source didn't return this field

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

Not available

No data

Source didn't return this field

ROE

12.9%

Moderate

Moderate capital efficiency

ROCE

14.7%

Moderate

Moderate return on the capital in the business

Debt/Equity

0.23x

Low

Conservative leverage

Revenue Growth (YoY)

32.4%

Healthy

Healthy top-line growth

Profit Growth (YoY)

50.0%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

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

Free Cash Flow

-₹15 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

CMP

₹53.1

Gross Margin

8.0%

Proxy

Operating margin unavailable — showing gross margin instead

Net Margin

4.7%

Average

Average bottom-line conversion

Current Ratio

3.99

Comfortable

Healthy short-term liquidity

Technical Snapshot

SMA 20 / SMA 50

320.1 / 335.4

Bearish alignment (short < long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

37.3

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹122 Cr	₹143 Cr	₹190 Cr	₹251 Cr	+27.1%
EBITDA	₹7 Cr	₹7 Cr	₹12 Cr	₹16 Cr	+28.4%
EBITDA Margin	6.1%	4.8%	6.5%	6.2%	—
PAT (Net Profit)	₹5 Cr	₹4 Cr	₹8 Cr	₹12 Cr	+30.0%
EPS	₹4.93	₹3.81	₹7.22	—	—
ROE	18.5%	7.1%	10.2%	12.9%	—
ROCE	23.9%	9.7%	13.8%	14.7%	—
Total Debt	₹1 Cr	₹0 Cr	₹1 Cr	₹21 Cr	+214.2%
Free Cash Flow	₹5 Cr	-₹5 Cr	-₹8 Cr	-₹15 Cr	—

🟢 Revenue has grown at 27.1% a year over 3 years.

🟢 EBITDA has grown at 28.4% a year over 3 years.

🟡 EBITDA Margin has held roughly flat at 6.2% over 3 years.

🟢 PAT (Net Profit) has grown at 30.0% a year over 3 years.

🔴 ROE has fallen from 18.5% to 12.9% over 3 years (-5.6 pts).

🔴 ROCE has fallen from 23.9% to 14.7% over 3 years (-9.2 pts).

🔴 Total Debt has grown at 214.2% a year over 3 years.

🔴 Free Cash Flow has turned negative, from ₹5 Cr to -₹15 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹130 Cr

Total Liabilities

₹39 Cr

Total Debt

₹21 Cr

Cash & Equivalents

₹20 Cr

Operating Cash Flow

-₹14 Cr

Capex

-₹2 Cr

Recent News

3 mixed3 general

Committed Cargo Care (COMMITTED) Share Price falls 10.94% to Rs 285 in latest session

Univest, 16 OctPrice move

🟡Mixed / dependsA price move rather than a change in the business. If the figures on this page have not moved, the fall is either an opportunity or news they have yet to catch up with.

Committed Cargo Care Ltd Key Financial Ratios – Valuation, Profitability & More

Value Research, 16 Sept

Committed Cargo Care promoters confirm no share encumbrances in FY26

scanx.trade, 21 Jun

Committed Cargo Care Ltd. Share Price Rise and Valuation

Univest, 21 SeptPrice move

🟡Mixed / dependsA price move, which is not by itself a change in the business. Worth finding the cause before reading it as either good or bad.

RAJVI LOGITRADE LTD. Stock/Share price , NSE/BSE Forecast News and Live Quotes

Equitymaster, 12 Oct

TSMC open to partnership with Elon Musk’s Terafab as chip giant's Q3 profit hits record $23.6 billion

Livemint, 15 OctPartnership

🟡Mixed / dependsA partnership, whose value depends entirely on terms that a headline will not carry. Worth reading the filing before assuming either way.

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
Sector/industry classification unavailable — verify manually for peer comparison.
3 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

🔴Business QualityWeak7.5/20

🟢Financial HealthStrong13/20

🟢GrowthStrong18.5/20

🔴ProfitabilityWeak6/15

🟡ValuationFair7.5/15

🔴RiskHigh2.4/10

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 3 high-severity red flags sit above this conclusion and should be read first.

This thesis breaks if

✓Revenue growth stays above 20% a year27.1% CAGR
✓EBITDA margin holds above 4%6.2%
✗Free cash flow remains positive-₹15 Cr
✓Debt / EBITDA stays below 2x1.3x
✓ROCE stays above 12%14.7%