Shree Vasu Logistics Limited

Industrials — Trucking · NSE

₹883.00+₹15.05 (+1.73%)

DalalBaazaar Score

55 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Very High

Driven by high debt relative to equity, short-term liabilities exceed short-term assets, micro-cap size, which brings thin liquidity.

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

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:46 pm

Understanding the Business

Company site ↗

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

What does this company do?

Shree Vasu Logistics Limited engages in the logistics business in India. The company operates through Logistics, Warehousing and Allied services; and Retail Trade segments.

IndustryTrucking

SectorIndustrials

Employees1,281

Annual revenue₹224 Cr

How does it make money?

Turns over ₹224 Cr a year. Of every ₹100 of sales, about ₹3 reaches shareholders as profit, with ₹26 left at the operating level before interest, tax and depreciation. Each of its 1,281 employees supports ₹17.5 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹17.5 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?Little sign of one

Returns on capital of 12.6% 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?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +123% while net margin moved +27% 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+123%

Margin effect+27%

DalalBaazaar Score

55/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ P/E of 142.0x is demanding — it needs sustained high growth to justify
• P/E is close to its own historical median of 160.5x
✗ P/B of 25.46x is a steep premium to book

Quality vs. Valuation

Company Quality

61/ 100

Average

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

Valuation

34/ 100

Expensive

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.

Historical Valuation

Current P/E

142.0x

3Y Median

160.5x

40 monthly readings · mean 207.6x · range 90.0x–407.6x

Sector Median

88.8x

median of 3 sector peers

🟢Current valuation is approximately 12% below its 3y median of 160.5x. Cheaper than its own history, which is worth a reason too: the market may be pricing in something the backward-looking numbers do not show.

⚠️Against its sector it trades 60% above the peer median of 88.8x.

vs. its own history

Fair

160.5x median over 40 months · -12%

vs. sector peers

Expensive

88.8x median of 3 peers · +60%

vs. generic bands

Expensive

Above 35x

EV/EBITDA

20.8x

PEG

3.44

What's Good / What's Bad

🟢 What's Going Well2

Return on equity is rising
ROE has improved from 7.2% to 14.5%.
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

5 items require attention · 3 high · 2 watch

🔴Debt has risen sharplyFinancial
Total debt is up 99% over 3 years, from ₹102 Cr to ₹203 Cr.
🔴High leverageFinancial
Debt/Equity of 5.09x — earnings must service borrowings before shareholders see anything.
🔴Thin interest coverageFinancial
Operating profit covers interest only 1.4x — little room if earnings dip.
🟡Receivables growing faster than salesFinancial
Receivables up 161% against revenue up 123% — sales are being booked faster than they are collected.
🟡Short-term liquidity is tightFinancial
Current ratio of 0.99 — near-term obligations exceed near-term assets.

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?

The debt load needs earnings to hold up
Debt is 3.5x EBITDA. At that level a downturn in earnings turns a manageable balance sheet into a refinancing problem, and lenders get paid before shareholders.
Sales are being booked faster than collected
Receivables are up 161% against revenue up 123%. If customers keep taking longer to pay, reported profit will not turn into cash — and write-offs follow if some never do.
A premium to the sector to defend
It trades 60% above the peer median. That premium needs a reason that persists, or it closes.
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.

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

1Revenue growth stays above 23% a year✓ 30.6% CAGR
Latest reported year was 30.2%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 24%✓ 26.2%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Debt / EBITDA falls below 3x✗ 3.5x
Already stretched, so this is a reduction target rather than a level to hold. Around 3x is where lenders typically start attaching conditions.
4Interest cover stays above 3x✗ 1.4x
How much operating profit can fall before interest stops being comfortably covered.
5Free cash flow remains positive✓ ₹5 Cr
Profit that never becomes cash eventually stops being profit.

Investment Checklist

4 / 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

4 good · 4 neutral · 3 weak

Market Cap

₹1,015 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

142.0x

Expensive

Expensive — verify against sector peers

P/B Ratio

25.46x

Rich

Steep premium to book — needs high, durable returns to justify

EPS (TTM)

₹6.22

Profitable

Profitable on a per-share basis

ROE

14.5%

Moderate

Moderate capital efficiency

ROCE

12.6%

Moderate

Moderate return on the capital in the business

Debt/Equity

5.09x

High

High leverage

Revenue Growth (YoY)

30.2%

Healthy

Healthy top-line growth

Profit Growth (YoY)

74.1%

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

₹5 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

13.5%

Average

Average margins

Net Margin

3.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

0.99

Adequate

Adequate, but no real cushion

Beta (vs Nifty)

0.33

Defensive

Steadier than the market

52W Range Position

97%

Near high

Near its 52-week high

Technical Snapshot

SMA 20 / SMA 50

829.1 / 800.2

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

60.5

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹101 Cr	₹123 Cr	₹146 Cr	₹224 Cr	+30.6%
EBITDA	₹27 Cr	₹33 Cr	₹38 Cr	₹59 Cr	+29.2%
EBITDA Margin	27.0%	27.1%	26.3%	26.2%	—
PAT (Net Profit)	₹2 Cr	₹3 Cr	₹2 Cr	₹6 Cr	+41.3%
EPS	₹1.78	₹2.71	₹1.9	₹5.02	+41.3%
ROE	7.2%	9.8%	6.4%	14.5%	—
ROCE	10.8%	13.5%	11.5%	12.6%	—
Total Debt	₹102 Cr	₹104 Cr	₹134 Cr	₹203 Cr	+25.8%
Free Cash Flow	₹12 Cr	₹14 Cr	₹3 Cr	₹5 Cr	-23.9%

🟢 Revenue has grown at 30.6% a year over 3 years.

🟢 EBITDA has grown at 29.2% a year over 3 years.

🟡 EBITDA Margin has held roughly flat at 26.2% over 3 years.

🟢 PAT (Net Profit) has grown at 41.3% a year over 3 years.

🟢 EPS has grown at 41.3% a year over 3 years.

🟢 ROE has risen from 7.2% to 14.5% over 3 years (+7.2 pts).

🟢 ROCE has risen from 10.8% to 12.6% over 3 years (+1.8 pts).

🔴 Total Debt has grown at 25.8% a year over 3 years.

🔴 Free Cash Flow has shrunk at 23.9% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹261 Cr

Total Liabilities

₹222 Cr

Cash & Equivalents

₹1 Cr

Operating Cash Flow

₹32 Cr

Capex

-₹27 Cr

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

SHREE VASU LOGISTICS LTD Share Price - Live NSE: SVLL Stock Price & Chart

Upstox, 16 Oct

With EPS Growth And More, Shree Vasu Logistics (NSE:SVLL) Makes An Interesting Case

Simply Wall Street, 17 Oct

Shree Vasu Logistics Share Price Target 2026: Rs 830 Analyst Forecast

Univest, 24 JunAnalyst view

🟡Mixed / dependsBroker commentary — an opinion about the price rather than new information about the business.

Shree Vasu Logistics Ltd. Peer Comparison – Compare with Others

Value Research, 31 Aug

With EPS Growth And More, Shree Vasu Logistics (NSE:SVLL) Makes An Interesting Case

Simply Wall Street, 02 Jun

Why Is Shree Vasu Logistics (NSE: SVLL) Suddenly Witnessing a Sharp Volume-Backed Rally?

Kalkine India, 12 May

Watch Items

Trading very close to its 52-week high — momentum-driven entries here carry more mean-reversion risk.
Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongGrowth

MiddlingBusiness Quality · Profitability

WeakFinancial Health · Valuation · Risk

Points for each in the Score ↑

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.

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