Sampark India Logistics Limited

Industrials — Integrated Freight & Logistics · BSE

₹135.00−₹0.50 (−0.37%)

DalalBaazaar Score

61 / 100

🟢 Good

Verdict

NEUTRAL

Risk

High

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

In simple words: Strong business and financial position, 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, 7:00 pm

Understanding the Business

Company site ↗

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

What does this company do?

Sampark India Logistics Limited engages in the provision of supply chain management and logistics services in India.

IndustryIntegrated Freight & Logistics

SectorIndustrials

Employees342

Annual revenue₹201 Cr

How does it make money?

Turns over ₹201 Cr a year. Of every ₹100 of sales, about ₹4 reaches shareholders as profit, with ₹8 left at the operating level before interest, tax and depreciation. Each of its 342 employees supports ₹58.8 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹58.8 lakh

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?The numbers suggest a real one

ROCE has stayed above 15% in every year available and stands at 33.4%. Returns that high normally get competed away; when they persist, something is protecting them, and its ROE of 24.9% against a peer median of 15.2% is consistent with that. What that something is — brand, scale, switching costs, regulation — the accounts cannot tell you.

Peer median ROE15.2%

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 +31% while net margin moved +5% 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+31%

Margin effect+5%

DalalBaazaar Score

61/ 100

Good

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

66/ 100

Good

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

Valuation

69/ 100

Cheap

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

A good business currently available at an undemanding price — the combination this framework is built to look for.

Historical Valuation

Current P/E

15.9x

Sector Median

88.8x

median of 3 sector peers

🟢Against its sector it trades 82% below the peer median of 88.8x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Cheap

88.8x median of 3 peers · -82%

vs. generic bands

Fair

15x–35x

EV/EBITDA

11.8x

PEG

1.39

What's Good / What's Bad

🟢 What's Going Well5

Debt is being paid down
Total debt is down 14% over 3 years.
Return on equity is rising
ROE has improved from 14.4% to 23.3%.
Return on capital is rising
ROCE has improved from 20.9% to 33.4%.
High return on capital employed
ROCE of 33.4% is the mark of a business that converts capital into profit efficiently.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 high

🔴Free cash flow negative for 4 yearsFinancial
The business has not covered its capital spending from operations for several years running, which has to be funded externally.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Capital compounds at a high rate
ROCE of 33.4% means each rupee reinvested earns well above what capital costs. If the company can keep deploying at this rate, growth creates value rather than just consuming cash.
Cheaper than its peers
It trades 82% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.
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?

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.

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

1EBITDA margin holds above 6%✓ 8.4%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Free cash flow remains positive✗ -₹1 Cr
Profit that never becomes cash eventually stops being profit.
3Revenue growth stays above 7% a year✓ 9.5% CAGR
Latest reported year was 10.7%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
4Debt / EBITDA stays below 2x✓ 2.0x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
5ROCE stays above 30%✓ 33.4%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

9 / 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

5 good · 5 neutral · 1 weak

Market Cap

₹165 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

15.9x

Fair

Fairly valued against the generic band

P/B Ratio

2.56x

Fair

Moderate premium to the company's book value

EPS (TTM)

₹8.49

Profitable

Profitable on a per-share basis

ROE

24.9%

Strong

Strong capital efficiency

ROCE

33.4%

Strong

Earns comfortably above its likely cost of capital

Debt/Equity

0.81x

Moderate

Moderate leverage

Revenue Growth (YoY)

10.7%

Healthy

Healthy top-line growth

Profit Growth (YoY)

37.4%

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

-₹6 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

ROA

9.2%

Good

Assets are working hard

Operating Margin

9.0%

Average

Average margins

Net Margin

4.7%

Average

Average bottom-line conversion

Current Ratio

1.66

Comfortable

Healthy short-term liquidity

52W Range Position

77%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

121.6 / 103.8

Bullish alignment (short > long)

RSI (14)

63.8

Neutral momentum

Financial Trend (4-Year)

Metric	FY22	FY23	FY24	FY25	3Y CAGR
Revenue	₹153 Cr	₹188 Cr	₹181 Cr	₹201 Cr	+9.5%
EBITDA	₹13 Cr	₹8 Cr	₹13 Cr	₹17 Cr	+8.1%
EBITDA Margin	8.7%	4.4%	7.2%	8.4%	—
PAT (Net Profit)	₹6 Cr	₹3 Cr	₹6 Cr	₹9 Cr	+11.5%
EPS	₹5.16	₹2.68	₹5.2	₹7.14	+11.5%
ROE	14.4%	14.6%	22.1%	23.3%	—
ROCE	20.9%	21.9%	30.6%	33.4%	—
Total Debt	₹39 Cr	₹26 Cr	₹33 Cr	₹34 Cr	-5.0%
Free Cash Flow	-₹2 Cr	-₹3 Cr	-₹7 Cr	-₹1 Cr	—

🟢 Revenue has grown at 9.5% a year over 3 years.

🟢 EBITDA has grown at 8.1% a year over 3 years.

🟡 EBITDA Margin has held roughly flat at 8.4% over 3 years.

🟢 PAT (Net Profit) has grown at 11.5% a year over 3 years.

🟢 EPS has grown at 11.5% a year over 3 years.

🟢 ROE has risen from 14.4% to 23.3% over 3 years (+8.9 pts).

🟢 ROCE has risen from 20.9% to 33.4% over 3 years (+12.5 pts).

🟢 Total Debt has shrunk at 5.0% a year over 3 years.

Balance Sheet & Cash Flow — FY2025

Total Assets

₹110 Cr

Total Liabilities

₹73 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹3 Cr

Capex

-₹4 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

85.1%

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

Sampark India Logistics Shares Rise 20% in a day: Key Factors Behind The Rally

Dalal Street Investment Journal, 07 OctPrice 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.

Sampark India Logistics IPO Date, Price Band, GMP, Subscription & Allotment

IndiaIPO, 24 Jun

Sampark India Logistics Limite streak near one-year high

Univest, 25 Sept

BSE SME Sampark India Logistics stays on track with a premium market debut

Business Standard, 07 Jul

Sampark India Logistics Limite Share Price - Live SILL Stock Price & Chart

Upstox, 07 Jul

Sampark India Logistics IPO Day 1: SME IPO opens today - check GMP, subscription status, and other details

Livemint, 30 Jun

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongGrowth · Profitability

MiddlingBusiness Quality · Financial Health · Valuation

WeakRisk

Points for each in the Score ↑

Attractive on both counts

A good business currently available at an undemanding price — the combination this framework exists to look for. The work left is qualitative: whether the advantage the numbers imply is one you can identify and expect to last. 1 high-severity red flag sits above this conclusion and should be read first.

1 of 5 tripwires tripped — Free cash flow remains positive · see Key things to watch ↑