New Risk • May 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Market cap is less than US$10m (₹751.7m market cap, or US$7.85m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). New Risk • May 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹769.3m market cap, or US$8.08m). Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹6.65 (vs ₹10.00 in FY 2025) Full year 2026 results: EPS: ₹6.65 (down from ₹10.00 in FY 2025). Revenue: ₹3.19b (up 38% from FY 2025). Net income: ₹90.2m (down 27% from FY 2025). Profit margin: 2.8% (down from 5.3% in FY 2025). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹62.90, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 18x in the Logistics industry in India. Total loss to shareholders of 12% over the past year. New Risk • Dec 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹896.1m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (₹896.1m market cap, or US$9.98m). Minor Risk Profit margins are more than 30% lower than last year (4.3% net profit margin). New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 6.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (₹1.02b market cap, or US$11.4m). 공시 • Nov 14
Ashapura Logistics Limited to Report First Half, 2026 Results on Nov 14, 2025 Ashapura Logistics Limited announced that they will report first half, 2026 results on Nov 14, 2025 New Risk • Sep 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (50% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (₹994.3m market cap, or US$11.3m). Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹86.50, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 22x in the Logistics industry in India. Total loss to shareholders of 38% over the past year. 공시 • Sep 04
Ashapura Logistics Limited, Annual General Meeting, Sep 29, 2025 Ashapura Logistics Limited, Annual General Meeting, Sep 29, 2025, at 14:00 Indian Standard Time. New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹874.4m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (50% accrual ratio). Market cap is less than US$10m (₹874.4m market cap, or US$9.99m). Reported Earnings • Jul 25
Full year 2025 earnings released: EPS: ₹10.06 (vs ₹12.90 in FY 2024) Full year 2025 results: EPS: ₹10.06 (down from ₹12.90 in FY 2024). Revenue: ₹2.31b (up 16% from FY 2024). Net income: ₹122.9m (flat on FY 2024). Profit margin: 5.3% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₹1.02b market cap, or US$11.9m). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹78.70, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 25x in the Logistics industry in India. New Risk • Mar 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹853.4m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Dec 03
MD & Chairman recently bought ₹7.0m worth of stock On the 27th of November, Sujith Kurup bought around 70k shares on-market at roughly ₹99.42 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sujith's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹139, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 32x in the Logistics industry in India. 공시 • Sep 02
Ashapura Logistics Limited, Annual General Meeting, Sep 25, 2024 Ashapura Logistics Limited, Annual General Meeting, Sep 25, 2024, at 14:00 Indian Standard Time.