Analysis Article • May 20
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Indian (NIFTY) Air Freight and Logistics Industry Analysis
UpdatedMay 23, 2026
DataAggregated Company Financials
Companies46
- 7D-2.0%
- 3M-3.0%
- 1Y-4.4%
- YTDn/a
Over the last 7 days, the Air Freight and Logistics industry has dropped 1.6%, driven by a pullback from Delhivery of 5.9%. In contrast, Sindhu Trade Links has gained 17%. Overall the industry is down 3.4% in 12 months. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Indian Air Freight and Logistics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 May 2026 | ₹790.0b | ₹581.5b | ₹16.0b | 16.1x | 49.3x | 1.4x |
| Mon, 20 Apr 2026 | ₹826.6b | ₹710.7b | ₹13.4b | 18x | 61.8x | 1.2x |
| Wed, 18 Mar 2026 | ₹741.7b | ₹710.7b | ₹13.4b | 20.3x | 55.5x | 1x |
| Fri, 13 Feb 2026 | ₹826.5b | ₹714.3b | ₹13.2b | 20.7x | 62.8x | 1.2x |
| Sun, 11 Jan 2026 | ₹771.0b | ₹714.6b | ₹16.3b | 18.9x | 47.4x | 1.1x |
| Tue, 09 Dec 2025 | ₹772.1b | ₹714.5b | ₹16.0b | 18.5x | 48.4x | 1.1x |
| Thu, 06 Nov 2025 | ₹924.3b | ₹700.0b | ₹16.7b | 27.7x | 55.3x | 1.3x |
| Sat, 04 Oct 2025 | ₹877.9b | ₹690.0b | ₹16.3b | 26.5x | 54x | 1.3x |
| Mon, 01 Sep 2025 | ₹878.0b | ₹688.3b | ₹16.4b | 23.5x | 53.6x | 1.3x |
| Wed, 30 Jul 2025 | ₹880.2b | ₹686.7b | ₹16.7b | 21.5x | 52.8x | 1.3x |
| Fri, 27 Jun 2025 | ₹843.1b | ₹680.8b | ₹16.6b | 20.6x | 50.9x | 1.2x |
| Sun, 25 May 2025 | ₹819.6b | ₹673.3b | ₹19.7b | 23.5x | 41.5x | 1.2x |
| Tue, 22 Apr 2025 | ₹735.2b | ₹670.0b | ₹17.9b | 24.8x | 41.1x | 1.1x |
| Thu, 20 Mar 2025 | ₹684.5b | ₹669.7b | ₹17.9b | 26x | 38.3x | 1x |
| Sat, 15 Feb 2025 | ₹711.0b | ₹667.2b | ₹18.8b | 22.9x | 37.8x | 1.1x |
| Mon, 13 Jan 2025 | ₹829.8b | ₹646.7b | ₹15.1b | 29.9x | 54.8x | 1.3x |
| Wed, 11 Dec 2024 | ₹949.7b | ₹646.5b | ₹15.1b | 29.8x | 63x | 1.5x |
| Fri, 08 Nov 2024 | ₹930.1b | ₹631.0b | ₹12.8b | 26.3x | 72.8x | 1.5x |
| Sun, 06 Oct 2024 | ₹968.5b | ₹609.0b | ₹11.7b | 29.7x | 82.5x | 1.6x |
| Tue, 03 Sep 2024 | ₹983.0b | ₹609.7b | ₹11.7b | 33.5x | 84.3x | 1.6x |
| Thu, 01 Aug 2024 | ₹952.5b | ₹593.4b | ₹10.6b | 35.2x | 89.8x | 1.6x |
| Sat, 29 Jun 2024 | ₹924.2b | ₹587.6b | ₹10.0b | 31.3x | 92.2x | 1.6x |
| Mon, 27 May 2024 | ₹905.7b | ₹582.8b | ₹10.7b | 26.4x | 84.4x | 1.6x |
| Wed, 24 Apr 2024 | ₹917.8b | ₹573.3b | ₹10.2b | 26.7x | 90.4x | 1.6x |
| Fri, 22 Mar 2024 | ₹885.9b | ₹571.4b | ₹10.3b | 25.9x | 86.3x | 1.6x |
| Sun, 18 Feb 2024 | ₹960.6b | ₹570.9b | ₹10.2b | 29.6x | 94.4x | 1.7x |
| Tue, 16 Jan 2024 | ₹953.1b | ₹569.6b | ₹8.9b | 26.9x | 106.6x | 1.7x |
| Thu, 14 Dec 2023 | ₹904.5b | ₹568.0b | ₹8.9b | 26.7x | 102.2x | 1.6x |
| Sat, 11 Nov 2023 | ₹900.0b | ₹589.5b | ₹7.1b | 27.7x | 127.4x | 1.5x |
| Mon, 09 Oct 2023 | ₹902.7b | ₹587.5b | ₹5.9b | 24.3x | 152.3x | 1.5x |
| Wed, 06 Sep 2023 | ₹914.1b | ₹590.8b | ₹6.5b | 26.8x | 139.7x | 1.5x |
| Fri, 04 Aug 2023 | ₹792.8b | ₹509.3b | ₹5.8b | 18.3x | 137.5x | 1.6x |
| Sun, 02 Jul 2023 | ₹778.9b | ₹508.0b | ₹6.5b | 20.9x | 120.6x | 1.5x |
| Tue, 30 May 2023 | ₹729.1b | ₹537.7b | ₹15.7b | 20.8x | 46.5x | 1.4x |
Price to Earnings Ratio
46.5x
Current Industry PE
- Investors are pessimistic on the Indian Air Freight and Logistics industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 49.4x which is lower than its 3-year average PE of 76.7x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Air Freight and Logistics industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Air Freight and Logistics compare with similar industries?
| IN Market | 0.48% | |
| Industrials | 1.31% | |
| Logistics | -1.98% | |
| Air Freight and Logistics | -1.98% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 532029 Sindhu Trade Links | ₹27.08 | 17.4% +₹6.2b | 23.0% | PS5.9x | |
| TVSSCS TVS Supply Chain Solutions | ₹121.57 | 7.3% +₹3.6b | -5.9% | PE58.3x | |
| TCI Transport Corporation of India | ₹905.80 | 1.7% +₹1.2b | -21.2% | PE15.5x | |
| 544224 Afcom Holdings | ₹931.20 | 3.1% +₹775.2m | 15.7% | PE22.7x | |
| SJLOGISTIC S J Logistics (India) | ₹314.95 | 8.8% +₹387.4m | -43.4% | PE7.8x |