Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹13.99, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 18x in the Logistics industry in India. Total returns to shareholders of 15% over the past three years. Reported Earnings • May 14
Full year 2026 earnings released: EPS: ₹1.38 (vs ₹1.14 in FY 2025) Full year 2026 results: EPS: ₹1.38 (up from ₹1.14 in FY 2025). Revenue: ₹3.60b (up 5.1% from FY 2025). Net income: ₹95.9m (up 26% from FY 2025). Profit margin: 2.7% (up from 2.2% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Apr 20
Patel Integrated Logistics Limited to Report Q4, 2026 Results on May 12, 2026 Patel Integrated Logistics Limited announced that they will report Q4, 2026 results on May 12, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹10.61, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 18x in the Logistics industry in India. Total loss to shareholders of 6.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹10.42, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 20x in the Logistics industry in India. Total loss to shareholders of 13% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.39 (vs ₹0.33 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.39 (up from ₹0.33 in 3Q 2025). Revenue: ₹897.1m (flat on 3Q 2025). Net income: ₹26.9m (up 23% from 3Q 2025). Profit margin: 3.0% (up from 2.4% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Jan 28
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to ₹12.25. The fair value is estimated to be ₹10.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 7.3%. Aankondiging • Jan 21
Patel Integrated Logistics Limited to Report Q3, 2026 Results on Feb 12, 2026 Patel Integrated Logistics Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹903.9m (US$9.97m) 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 Risk Market cap is less than US$10m (₹903.9m market cap, or US$9.97m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹0.32 (vs ₹0.31 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.32 (up from ₹0.31 in 2Q 2025). Revenue: ₹945.9m (up 12% from 2Q 2025). Net income: ₹22.8m (up 12% from 2Q 2025). Profit margin: 2.4% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Oct 24
Patel Integrated Logistics Limited to Report Q2, 2026 Results on Nov 11, 2025 Patel Integrated Logistics Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Aankondiging • Sep 08
Consolidated Report Patel Integrated Logistics Limited Approves Dividend for the Financial Year Ended 31 March, 2025 Patel Integrated Logistics Limited in its 63Rd Annual General Meeting of the Members of the Company Held on 08 September, 2025 approved to declare a dividend on the Equity Shares @ INR 0.30 per share on the face value of INR 10 /- each for the financial year ended 31 March, 2025. Upcoming Dividend • Aug 25
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 01 September 2025. Payment date: 08 October 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.9%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (1.3%). Aankondiging • Aug 06
Patel Integrated Logistics Limited, Annual General Meeting, Sep 08, 2025 Patel Integrated Logistics Limited, Annual General Meeting, Sep 08, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹0.24 (vs ₹0.24 in 1Q 2025) First quarter 2026 results: EPS: ₹0.24 (in line with 1Q 2025). Revenue: ₹784.2m (down 4.5% from 1Q 2025). Net income: ₹16.4m (up 7.1% from 1Q 2025). Profit margin: 2.1% (up from 1.9% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Jul 21
Patel Integrated Logistics Limited to Report Q1, 2026 Results on Aug 05, 2025 Patel Integrated Logistics Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹17.64, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 21x in the Logistics industry in India. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹1.13 (vs ₹0.86 in FY 2024) Full year 2025 results: EPS: ₹1.13 (up from ₹0.86 in FY 2024). Revenue: ₹3.45b (up 19% from FY 2024). Net income: ₹76.0m (up 37% from FY 2024). Profit margin: 2.2% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹16.64, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 22x in the Logistics industry in India. Total returns to shareholders of 18% over the past three years. Aankondiging • May 01
Patel Integrated Logistics Limited to Report Q4, 2025 Results on May 20, 2025 Patel Integrated Logistics Limited announced that they will report Q4, 2025 results on May 20, 2025 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹13.99, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 26x in the Logistics industry in India. Total loss to shareholders of 6.4% over the past three years. Buy Or Sell Opportunity • Feb 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₹17.87. The fair value is estimated to be ₹23.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹0.33 (vs ₹0.23 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.33 (up from ₹0.23 in 3Q 2024). Revenue: ₹904.2m (up 18% from 3Q 2024). Net income: ₹21.8m (up 46% from 3Q 2024). Profit margin: 2.4% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹17.54, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 28x in the Logistics industry in India. Total loss to shareholders of 1.0% over the past three years. Aankondiging • Jan 23
Patel Integrated Logistics Limited to Report Q3, 2025 Results on Feb 06, 2025 Patel Integrated Logistics Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Aankondiging • Jan 13
Patel Integrated Logistics Limited Appoints Kannan Rajaratnam as Farukh Soli Wadia as Non-Executive Independent Director Patel Integrated Logistics Limited announced that the shareholder has approve the appointment of Mr. Kannan Rajaratnam as Non-Executive Independent Director for a first term of Three year and Mr. Farukh Soli Wadia as Non-Executive Non-Independent Director of the Company through Postal Ballot on 12th January, 2025 (Last date of Voting). Mr. Kannan is a Management Graduate from Madurai Kamaraj University and was doing his fellow programme in IIM Ahmedabad in the Finance and Accounts Area and completed one year of the programme. Mr. R Kannan is an expert in Finance and Strategy with more than 39 years' experience in Corporate Finance, Fund Raising, Treasury Management, Strategy Formulation/Implementation, Organisation Restructuring, Corporate Performance Management/Monitoring, Business Development and Mergers/Acquisitions. In his last role he was heading the Corporate Performance Monitoring and Research Function at the Group level in Hinduja Group dealing in aspects relating to Planning, Budgeting, Performance Monitoring (of more than 20 companies in the group), Business Development M&A and Global Economic and Industry Research. He is/was a member of Expert Committees in Assocham/FICCI/CII/Bombay Chamber of Commerce and Industry and Indian Merchant's Chamber on Committees relating to Private Equity, Industry, Economy, Banking, Transportation, Logistics, Environment, and was Member of National Task force on Artificial Intelligence of CII, etc. At present he is a Corporate and Economic Advisor providing advice to Government, Private Sector including MSMEs and Startups and a Member of Board of Directors. In May 2024, Passed the qualifying exam for Independent Directors. Mr. Kannan Rajaratnam is an expert in Finance and Strategy with more than 39 years' experience in Corporate Finance, Fund Raising, Treasury Management, Strategy Formulation/Implementation, Organisation Restructuring, Corporate Performance Management/Monitoring, Business Development and Mergers/Acquisitions. Qualification of Farukh Soli Wadia: B. Com. Has more than Three decades of rich and varied experience in the fields of automobile dealership, couriers, Management Consultancy and Finance He was Independent Director on Board. His tenure as Independent Director has come to an end on 20th August, 2024. The Management of the company has proposed to reappoint him as Non-Executive Non-Independent Director on the board of Company. Recent Insider Transactions • Jan 03
Chairman Emeritus recently sold ₹2.2m worth of stock On the 31st of December, Asgar Patel sold around 100k shares on-market at roughly ₹21.51 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹5.8m. Insiders have been net sellers, collectively disposing of ₹17m more than they bought in the last 12 months. Board Change • Dec 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive & Independent Director Bindiya Dharmendra was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 1.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Significant insider selling over the past 3 months (₹8.4m sold). Market cap is less than US$100m (₹1.77b market cap, or US$21.0m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹25.49, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 29x in the Logistics industry in India. Total returns to shareholders of 75% over the past three years. Buy Or Sell Opportunity • Nov 25
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to ₹23.39. The fair value is estimated to be ₹19.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹24.51, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 26x in the Logistics industry in India. Total returns to shareholders of 67% over the past three years. Recent Insider Transactions • Nov 09
Chairman Emeritus recently sold ₹2.6m worth of stock On the 6th of November, Asgar Patel sold around 125k shares on-market at roughly ₹20.89 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹17m more than they bought in the last 12 months. Buy Or Sell Opportunity • Nov 07
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at ₹24.24. The fair value is estimated to be ₹19.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 11%. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹0.31 (vs ₹0.21 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.31 (up from ₹0.21 in 2Q 2024). Revenue: ₹851.9m (up 27% from 2Q 2024). Net income: ₹20.3m (up 51% from 2Q 2024). Profit margin: 2.4% (up from 2.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (₹1.47b market cap, or US$17.5m). Aankondiging • Oct 23
Patel Integrated Logistics Limited to Report Q2, 2025 Results on Oct 29, 2024 Patel Integrated Logistics Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹25.64, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 30x in the Logistics industry in India. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Aug 06
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 13 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.8%). New Risk • Jul 30
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 8.0% 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Significant insider selling over the past 3 months (₹6.6m sold). Market cap is less than US$100m (₹1.74b market cap, or US$20.7m). Reported Earnings • Jul 30
Full year 2024 earnings released: EPS: ₹0.86 (vs ₹1.13 in FY 2023) Full year 2024 results: EPS: ₹0.86. Revenue: ₹2.91b (up 4.4% from FY 2023). Net income: ₹55.4m (up 13% from FY 2023). Profit margin: 1.9% (up from 1.8% in FY 2023). The increase in margin was driven by higher revenue. Aankondiging • Jul 26
Patel Integrated Logistics Limited to Report Q1, 2025 Results on Aug 01, 2024 Patel Integrated Logistics Limited announced that they will report Q1, 2025 results on Aug 01, 2024 Buy Or Sell Opportunity • Jul 26
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ₹27.66. The fair value is estimated to be ₹22.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 38%. Aankondiging • Jul 16
Patel Integrated Logistics Limited, Annual General Meeting, Aug 20, 2024 Patel Integrated Logistics Limited, Annual General Meeting, Aug 20, 2024, at 11:00 Indian Standard Time. Aankondiging • Jun 24
Patel Integrated Logistics Limited Approves Appointment of Syed Khurshid Husain as Non-Executive Independent Director Patel Integrated Logistics Limited announced that the shareholder has approved the appointment of Mr. Syed Khurshid Husain (DIN: 03010306) as Non-Executive Independent Director of the Company through Postal Ballot on 23rd June, 2024. Date of Birth (Age): 15th December, 1945 (78 years). Date of first appointment on the Board 29th May, 2013. Educational Qualification: BSC Engineering (Electronics) and MBA in General Management. First term from 11th April, 2024 till 10th April, 2025. Mr. Syed Husain completed his graduation in Electrical Engineering and Hold MBA degree in General Management from Madras University. He has over 45 years of experience in various fields like Transportation of Goods, Logistics and Distribution, Engineering, Exports, Construction and General Management. Recent Insider Transactions • Jun 22
Chairman Emeritus recently sold ₹6.6m worth of stock On the 19th of June, Asgar Patel sold around 275k shares on-market at roughly ₹24.03 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹36m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹21.66, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 27x in the Logistics industry in India. Total returns to shareholders of 28% over the past three years. Reported Earnings • May 09
Full year 2024 earnings released Full year 2024 results: Revenue: ₹2.93b (up 5.1% from FY 2023). Net income: ₹55.4m (up 13% from FY 2023). Profit margin: 1.9% (up from 1.8% in FY 2023). The increase in margin was driven by higher revenue. Aankondiging • May 09
Patel Integrated Logistics Limited Recommends Final Dividend for the Financial Year 2023-2024 Patel Integrated Logistics Limited recommended a final dividend of INR 0.10/- per equity share of INR 10 each (1%) for the financial year 2023-24. The Dividend, if approved by the members at the upcoming 62 Annual General Meeting will be paid/dispatched (subject to deduction of tax at source) after the AGM and within 30 days of its declaration. Aankondiging • Apr 17
Patel Integrated Logistics Limited to Report Fiscal Year 2024 Results on May 08, 2024 Patel Integrated Logistics Limited announced that they will report fiscal year 2024 results on May 08, 2024 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 ₹22.76, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 28x in the Logistics industry in India. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹19.68, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 24x in the Logistics industry in India. Total returns to shareholders of 56% over the past three years. Reported Earnings • Feb 08
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₹775.0m (up 27% from 3Q 2023). Net income: ₹14.9m (up 28% from 3Q 2023). Profit margin: 1.9% (in line with 3Q 2023). Aankondiging • Jan 31
Patel Integrated Logistics Limited Appoints Vikas Porwal as Whole-Time Director Patel Integrated Logistics Limited announced that Mr. Vikas Porwal have assume office as Whole-Time Director of the company from January 29, 2023. Term of appointment is 3 years. He has completed his Graduation (B. Com Honours from the University of Udaipur, Rajasthan and Post-Graduation (PGDBA Finance) from Welingkar Institute of Management Development and Research, Mumbai. He has worked with the Company for more than decades at various levels which includes handlin Key Accounts at the National Level, Nationa Operations, Commercials and other managemen aspects. He is currently the Chief Operating Officer (COO) West, Gujarat and North Region of Company. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹23.23, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 27x in the Logistics industry in India. Total returns to shareholders of 81% over the past three years. Aankondiging • Jan 24
Patel Integrated Logistics Limited to Report Q3, 2024 Results on Feb 06, 2024 Patel Integrated Logistics Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Feb 06, 2024 Recent Insider Transactions • Dec 16
Non-Executive Independent Director recently sold ₹100k worth of stock On the 11th of December, Ramakant Kadam sold around 5k shares on-market at roughly ₹20.04 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹33m more than they bought in the last 12 months. New Risk • Dec 11
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 6.6% 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 Earnings have declined by 22% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (₹1.09b market cap, or US$13.1m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹20.14, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 26x in the Logistics industry in India. Total returns to shareholders of 42% over the past three years. Aankondiging • Dec 05
Patel Integrated Logistics Limited Announces Resignation of Jasmin Lalla as Whole-time Director Patel Integrated Logistics Limited announced that Ms. Jasmin Lalla as tendered her resignation as Whole-time Director of the Company with effect from December 01, 2023, due to personal reasons. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹18.15, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 55% over the past three years. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: ₹0.21 (vs ₹0.35 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.21. Revenue: ₹672.2m (down 17% from 2Q 2023). Net income: ₹13.4m (up 7.7% from 2Q 2023). Profit margin: 2.0% (up from 1.5% in 2Q 2023). The increase in margin was driven by lower expenses. Aankondiging • Oct 26
Patel Integrated Logistics Limited to Report Q2, 2024 Results on Nov 08, 2023 Patel Integrated Logistics Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 08, 2023 Aankondiging • Sep 09
Patel Integrated Logistics Limited Approves to Declare Dividend for the Financial Year Ended March 31, 2023 Patel Integrated Logistics Limited at its AGM held on September 8, 2023 approved to declare a dividend on the equity shares is INR 0.10 per share on the face value of INR 10 each for the financial year ended 31st March, 2023. Upcoming Dividend • Aug 25
Upcoming dividend of ₹0.10 per share at 0.6% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 08 October 2023. Payout ratio is a comfortable 8.9% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.9%). Recent Insider Transactions • Aug 16
Chairman Emeritus recently sold ₹22m worth of stock On the 14th of August, Asgar Patel sold around 1m shares on-market at roughly ₹18.69 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹46m more than they bought in the last 12 months. Aankondiging • Aug 09
Patel Integrated Logistics Limited, Annual General Meeting, Sep 08, 2023 Patel Integrated Logistics Limited, Annual General Meeting, Sep 08, 2023, at 11:00 Indian Standard Time. Agenda: To consider dividend. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: ₹0.16 (vs ₹0.31 in 1Q 2023) First quarter 2024 results: EPS: ₹0.16 (down from ₹0.31 in 1Q 2023). Revenue: ₹614.2m (down 14% from 1Q 2023). Net income: ₹10.4m (down 7.0% from 1Q 2023). Profit margin: 1.7% (up from 1.6% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Aug 09
Patel Integrated Logistics Limited Recommends Dividend for the Year Ended 31 March, 2023 Patel Integrated Logistics Limited Board of Directors at their meeting held on 25 May 2023, while approving the annual accounts of the Company for the year ended 31 March, 2023, haverecommended a dividend of INR 0.10 (1%) per equity share on equity share capital of the Company for the year ended 31 March, 2023 at the Annual General Meeting to be held on 08 September, 2023. New Risk • Aug 08
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 8.5% 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 Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Significant insider selling over the past 3 months (₹10m sold). Market cap is less than US$100m (₹1.32b market cap, or US$15.9m). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹17.60, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 18x in the Logistics industry in India. Total returns to shareholders of 61% over the past three years. Aankondiging • Jul 25
Patel Integrated Logistics Limited to Report Q1, 2024 Results on Aug 08, 2023 Patel Integrated Logistics Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Recent Insider Transactions • Jun 15
Chairman Emeritus recently sold ₹10m worth of stock On the 12th of June, Asgar Patel sold around 774k shares on-market at roughly ₹13.29 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹30m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹14.56, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 21x in the Logistics industry in India. Total returns to shareholders of 56% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹1.13 (vs ₹0.77 in FY 2022) Full year 2023 results: EPS: ₹1.13 (up from ₹0.77 in FY 2022). Revenue: ₹2.80b (up 20% from FY 2022). Net income: ₹49.0m (up 116% from FY 2022). Profit margin: 1.7% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Aankondiging • May 27
Patel Integrated Logistics Limited Recommends the Dividend for the Year Ended March 31, 2023 The Board of Directors of Patel Integrated Logistics Limited at its meeting held on 25 May, 2023 recommended the Dividend of INR 0.10 per fully paid share of INR 10/- each of the Company for the year ended March 31, 2023 subject to necessary approval by the members of the Company in the up coming Annual General Meeting. Aankondiging • May 06
Patel Integrated Logistics Limited to Report Q4, 2023 Results on May 25, 2023 Patel Integrated Logistics Limited announced that they will report Q4, 2023 results on May 25, 2023 Recent Insider Transactions • Mar 11
Chairman Emeritus recently sold ₹104k worth of stock On the 8th of March, Asgar Patel sold around 8k shares on-market at roughly ₹13.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹20m more than they bought in the last 12 months. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.32 (vs ₹0.33 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.32. Revenue: ₹611.5m (up 1.1% from 3Q 2022). Net income: ₹11.7m (up 27% from 3Q 2022). Profit margin: 1.9% (up from 1.5% in 3Q 2022). Aankondiging • Jan 28
Patel Integrated Logistics Limited to Report Q3, 2023 Results on Feb 09, 2023 Patel Integrated Logistics Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Aankondiging • Dec 30
Patel Integrated Logistics Limited Announces Resignation of Ms. Sweta Parckh as Company Secretary and Compliance Officer Patel Integrated Logistics Limited announced that Ms. Sweta Parckh has resigned due to personal reasons and will be relieved from her responsibilities as Company Secretary and Compliance Officer of the company with effect from close of the business hours on December 29, 2022. Aankondiging • Dec 20
Patel Integrated Logistics Limited Announces Appointment of Avinash Paul Raj as Company Secretary and Compliance Officer, Effective from 30 December, 2022 Patel Integrated Logistics Limited announced that on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has appointed Mr. Avinash Paul Raj, a member of Institute of Company Secretaries of India having membership no. A21483 as new Company secretary and Compliance Officer effective from 30th December, 2022 pursuant to Section 203 of Companies Act, 2013 and Regulation 6(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Non-Executive Independent Director Farukh Wadia is the most experienced director on the board, commencing their role in 1998. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹0.35 (vs ₹0.01 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.35 (up from ₹0.01 in 2Q 2022). Revenue: ₹821.6m (up 43% from 2Q 2022). Net income: ₹12.5m (up ₹12.2m from 2Q 2022). Profit margin: 1.5% (up from 0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 21
Patel Integrated Logistics Limited to Report Q2, 2023 Results on Nov 10, 2022 Patel Integrated Logistics Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Buying Opportunity • Oct 17
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹16.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 95%. Recent Insider Transactions • Sep 29
Chairman Emeritus recently sold ₹1.2m worth of stock On the 26th of September, Asgar Patel sold around 83k shares on-market at roughly ₹14.38 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.9m. Insiders have been net sellers, collectively disposing of ₹15m more than they bought in the last 12 months. Recent Insider Transactions • Sep 11
Chairman Emeritus recently sold ₹1.3m worth of stock On the 8th of September, Asgar Patel sold around 83k shares on-market at roughly ₹15.07 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹3.2m. Insiders have been net sellers, collectively disposing of ₹8.2m more than they bought in the last 12 months. Buying Opportunity • Sep 02
Now 22% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be ₹19.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 95%. Recent Insider Transactions • Sep 01
Chairman Emeritus recently sold ₹516k worth of stock On the 30th of August, Asgar Patel sold around 32k shares on-market at roughly ₹16.00 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹3.2m. Insiders have been net sellers, collectively disposing of ₹7.0m more than they bought in the last 12 months. Buying Opportunity • Aug 18
Now 20% undervalued Over the last 90 days, the stock is up 7.5%. The fair value is estimated to be ₹19.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 95%. Upcoming Dividend • Aug 04
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 7.6% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.0%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: ₹0.31 (vs ₹0.31 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.31 (up from ₹0.31 loss in 1Q 2022). Revenue: ₹720.0m (up 41% from 1Q 2022). Net income: ₹11.1m (up ₹19.2m from 1Q 2022). Profit margin: 1.5% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. 
