Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Allcargo Terminals Ltd

ATL
Logistics

Allcargo Terminals Ltd's earnings have outrun its stock. EPS grew +41.1% in a year against a −26.6% price move.

The sharpest disagreement: annual EPS moved +41.1% against a −26.6% price move — the market has not yet caught up with the delivery.

The price is in a downtrend (31 weeks in) while the P/E sits at the 0th percentile of its own 2-year range. Underneath, the last four quarters read improving, and 306% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Stage
Turning around
partial read
Price
₹23.1
−26.6% 1Y
P/E
13.6×
0th pctile
of its own 2-year range
Revenue (Mar 26)
₹208 Cr
+11.9% YoY
Profit (Mar 26)
₹8.8 Cr
Operating margin
21.2%
+3.1 pp YoY
ROCE
12%
FY26
ROIC
8.0%
vs WACC 12.0% → −4.0 pp
Cash conversion
306%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Allcargo Terminals Ltd trades at ₹23.1, in a downtrend and 31 weeks into that stage. That is −11.0% against its own 200-day average. It sits at 19% of a 52-week range of ₹20 to ₹36. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).

Today the stock is in a downtrend — week 31 of stage 4, confirmed. At ₹23.1 it trades −11.0% versus its 200-day average and sits at 19% of its 52-week range (₹20–₹36).

Jul 26: ₹23.1 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−11.0% versus the 200-day line, week 31 of stage 4
Price50-day avg200-day avg
S4S2S4S4₹72.9₹58.8₹44.6₹30.4₹16.3₹23₹26Aug 23May 24Feb 25Nov 25Jul 26
S4S2S4S4₹72.9₹58.8₹44.6₹30.4₹16.3₹23₹26Aug 23Feb 25Jul 26
Beating or trailing, week by week since 2023 Each cell is one week from 2023 to now (157 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Aug 23Jul 26

Against the market, two honest reads. Cumulative: over the last 2.9 years the stock moved −46% while the NIFTY 500 moved +38% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 0th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Allcargo Terminals Ltd trades at 13.6× P/E, about the cheapest it has ever traded. Its long-run median P/E is 23.4×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 13.6× is about the cheapest it has ever traded, against a long-run median of 23.4× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/E 13.6× vs a 23.4× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.2-year window; loss-period spikes above 32× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the cheapest it has ever traded
P/EMedianEPS (TTM) (quarterly)
33.9×₹1.728.5×₹1.323.1×₹0.817.6×₹0.412.2×₹0.0×14.90×₹2May 24Dec 24Jul 25Feb 26Jul 26
33.9×₹1.728.5×₹1.323.1×₹0.817.6×₹0.412.2×₹0.0×14.90×₹2May 24Jul 25Jul 26
P/E
13.6×
0th percentile of 2y

Why the multiple sits where it does: over the past year annual EPS moved +41.1% against a −26.6% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Turning around

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Allcargo Terminals Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −19.2% at the trough to +27.7%, a 3-quarter improving streak (single-quarter readings), ROCE slipping at 12.0%. The read is built from 10 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
18%54%13%6.0%7.7%−42%2.5%−91%−2.7%−139%%%11.9%27.7%41.1%Jun 23Sep 24Mar 26
18%54%13%6.0%7.7%−42%2.5%−91%−2.7%−139%%%11.9%27.7%41.1%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
29%25%20%15%11%%12%FY23FY24FY26
29%25%20%15%11%%12%FY23FY24FY26
Revenue growth
Rising
latest +11.9% · span −1.3% to +16.6%
Profit growth
Recovering
latest +27.7% · span −30.0% to +27.7%
ROCE
Falling
latest 12.0% · span 12.0%–28.0%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +8.3% in FY26, profit +46.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
487%327%357%230%228%133%98%37%−32%−60%%%8.3%46.7%FY22FY24FY26
487%327%357%230%228%133%98%37%−32%−60%%%8.3%46.7%FY22FY24FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+8.3%) with the last 8 annualized (+5.8%).
revenue stabilising, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
8.8%53%6.9%29%5.0%6.1%3.2%−17%1.3%−41%%%8.3%46.2%Jun 23Sep 24Mar 26
8.8%53%6.9%29%5.0%6.1%3.2%−17%1.3%−41%%%8.3%46.2%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+8.3%+5.2%
Profit+46.7%−9.3%
EPS+41.1%
Share price−26.6%−18.3%
Revenue YoY (Mar 26)
+11.9%
latest quarter vs a year ago
Revenue 10y
59.1%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

49.2/100 — rank 9 of 18 in Logistics · 69% evidence confidence

Allcargo Terminals Ltd scores 49.2 out of 100 against the 18 companies it is compared with in Logistics, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 19 + 10.8 + 14.4 + 5 = 49.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Allcargo Terminals Ltd reported ₹208 Cr of revenue in the Mar 26 quarter, +11.9% year on year. That is the 3rd straight quarter of year-on-year growth. Over 4 years it has compounded at 59.1% a year. The last full year, FY26, came in at ₹821 Cr. The last four reported quarters add to ₹821 Cr.

Allcargo Terminals Ltd reported ₹208 Cr of revenue in the Mar 26 quarter, +11.9% year on year. That is the 3rd straight quarter of year-on-year growth. Over 4 years it has compounded at 59.1% a year. The last full year, FY26, came in at ₹821 Cr. The last four reported quarters add to ₹821 Cr.

FY26 revenue came in at ₹821 Cr (+8.3% on the year), capping 4 years at 59.1% compound. The latest quarter (Mar 26) printed ₹208 Cr, +11.9% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹821 Cr (+8.3% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
59.1% a year over 4 years
RevenueYoY growth
887487%665357%443228%22298%0−32%₹ Cr%₹8218.3%FY22FY24FY26
887487%665357%443228%22298%0−32%₹ Cr%₹8218.3%FY22FY24FY26
Mar 26: ₹208 Cr (+11.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
23618%17713%1187.7%592.5%0−2.7%₹ Cr%₹20811.9%Jun 23Sep 24Mar 26
23618%17713%1187.7%592.5%0−2.7%₹ Cr%₹20811.9%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +8.4% growth against the decade's 59.1% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +8.3% over the last 4 quarters against +5.8%/yr over the last 8 — stabilising; TTM profit +46.2% vs −0.5%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 21.2% this quarter (+3.1 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Allcargo Terminals Ltd's operating margin is 21.2% in the Mar 26 quarter, +3.1 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged 11.0% to 20.0%. The current quarter is running above every full year in that window.

Allcargo Terminals Ltd's operating margin is 21.2% in the Mar 26 quarter, +3.1 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 5 fiscal years the operating margin has ranged 11.0% to 20.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 21.2%, +3.1 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 11.0%–20.0%, and FY26's 20.0% is the top of that band — a record year.

Why the margin moved: operating margin went +3.1 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 20.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 5-year window.
the widest a 11.0–20.0% band over 5 years
operating marginYoY change (pp)
21%10%18%6.3%16%2.5%13%−1.3%10%−5.0%%%20%3%FY22FY24FY26
21%10%18%6.3%16%2.5%13%−1.3%10%−5.0%%%20%3%FY22FY24FY26
Mar 26: 21.2% operating margin (+3.1 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
22%4.0%20%1.8%18%−0.4%16%−2.6%14%−4.8%%%21.2%3.1%Jun 23Sep 24Mar 26
22%4.0%20%1.8%18%−0.4%16%−2.6%14%−4.8%%%21.2%3.1%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit null in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Allcargo Terminals Ltd earned ₹8.8 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹44.0 Cr. The 4-year compound rate is 82.1%. That is 4.2% of the quarter's revenue. The same quarter a year earlier lost ₹2.4 Cr. 1 of the last 12 reported quarters were loss-making.

Allcargo Terminals Ltd earned ₹8.8 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹44.0 Cr. The 4-year compound rate is 82.1%. That is 4.2% of the quarter's revenue. The same quarter a year earlier lost ₹2.4 Cr. 1 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹8.8 Cr, null year on year. On the full year, FY26 printed ₹44.0 Cr (+46.7%), and the 4-year compound rate is 82.1%.

FY26 profit ₹44.0 Cr (+46.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
82.1% a year over 4 years
Net profitYoY growth
641,488%481,079%32671%16262%0−146%₹ Cr%₹4446.7%FY22FY24FY26
641,488%481,079%32671%16262%0−146%₹ Cr%₹4446.7%FY22FY24FY26
Mar 26: ₹8.8 Cr (null YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
1640%11−4.6%6−49%1−94%−4−138%₹ Cr%₹927.7%Jun 23Sep 24Mar 26
1640%11−4.6%6−49%1−94%−4−138%₹ Cr%₹927.7%Jun 23Sep 24Mar 26

Pace comparison, last four quarters: profit +7.6% vs revenue +8.4%. Profit and revenue are moving roughly in step.

→ Profit rose — but did the cash follow? Next: 306% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 306% of Allcargo Terminals Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹157 Cr of operating cash against ₹44.0 Cr of profit. After ₹382 Cr of capital spending, ₹−225 Cr was left as free cash.

FY26: operating cash of ₹157 Cr against reported profit of ₹44.0 Cr, leaving free cash of ₹−225 Cr after ₹382 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 306% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹157 Cr vs profit ₹44.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 5-year window, annual resolution.
306% of 3-year profit arrived as cash
Operating cashNet profitFree cash
19753−91−234−378₹ Cr₹157₹44₹−225FY22FY24FY26
19753−91−234−378₹ Cr₹157₹44₹−225FY22FY24FY26
FY26: CFO = 357% of profit (three-year rate 306%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
322%242%163%83%0.0%%300%FY22FY24FY26
322%242%163%83%0.0%%300%FY22FY24FY26

Why conversion sits at 306%: the cash cycle tightened 35 days between FY22 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 2.8× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹505 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Allcargo Terminals Ltd's cash conversion cycle runs 23 days in FY26, down from 58 days in FY22. Capital spending ran ₹505 Cr over the last 3 years. At FY26 sales of ₹821 Cr each day of that cycle holds about ₹2.2 Cr, so roughly ₹52.0 Cr sits inside the business at any moment.

FY26: debtors at 23 days (an asset-light business — no inventory to speak of) — for a full cycle of 23 days, tighter than FY22's 58.

In money terms: at FY26 sales of ₹821 Cr, each day of the cycle holds about ₹2.2 Cr — so the 23-day loop keeps roughly ₹52.0 Cr sitting inside the business at any moment.

FY26: a 23-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 5-year window.
−35 days vs FY22
Cash cycleDebtor days
6150403019days23d23dFY22FY23FY24FY25FY26
6150403019days23d23dFY22FY24FY26

On the investment side: capital spending of ₹505 Cr over the last 3 fiscal years against ₹178 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹382 Cr, work-in-progress ₹2.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
5003752501250₹ Cr₹382₹2FY23FY24FY26
5003752501250₹ Cr₹382₹2FY23FY24FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 12% and the ROIC − WACC spread is −4.0 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Allcargo Terminals Ltd earns a ROCE of 12% in FY26. That is up from a trough of 12% in FY24. Return on invested capital clears the cost of that capital by −4.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 5.4% net margin on 0.66× asset turns.

FY26 ROCE is 12%, recovered from a FY24 trough of 12% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 5.4% net margin × 0.66× asset turns × 3.55× balance-sheet leverage ≈ 12.7% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 8.0% − 12.0% = a −4.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 12% Return on capital employed by fiscal year, % (line). 4-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY24's 12%
ROCEWACC
29%25%20%15%11%%12%FY23FY24FY26
29%25%20%15%11%%12%FY23FY24FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 2.18.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Allcargo Terminals Ltd carries ₹769 Cr of borrowings against ₹352 Cr of equity in FY26, a debt-to-equity of 2.18. Operating profit covers the interest bill 3×. Over 4 years borrowings went from ₹113 Cr to ₹769 Cr. Capital spending ran ₹505 Cr across the last 3 of those years.

FY26: borrowings of ₹769 Cr against equity of ₹352 Cr — a debt-to-equity of 2.18. Operating profit covers the interest bill 3×. Over 4 years borrowings went from ₹113 Cr to ₹769 Cr while capital spending ran ₹505 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹769 Cr at 2.18× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
83140.5×62330.1×41519.7×2089.3×0−1.1×₹ Cr×₹7692.18×FY22FY23FY24FY25FY26
83140.5×62330.1×41519.7×2089.3×0−1.1×₹ Cr×₹7692.18×FY22FY24FY26

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 1.7 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 1.7 points of Allcargo Terminals Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 5.3% of the company. Promoters moved −1.0 points over the same window, to 67.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −1.7 points over 8 quarters to 5.3%; Promoters: −1.0 points over 8 quarters to 67.2%; Domestic institutions: +0.2 points over 8 quarters to 0.2%.

🚨 Why the register moved: foreign institutions drove it (−1.7 points), alongside promoters (−1.0 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −2.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
76%55%35%15%−5.6%%67.2%5.3%0.2%27.3%Mar 24Mar 25Mar 26
76%55%35%15%−5.6%%67.2%5.3%0.2%27.3%Mar 24Mar 25Mar 26
Foreign institutions cut 1.7 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 12 quarters.
PromotersForeign inst.Domestic inst.Public
76%55%35%15%−5.6%%67.2%5.3%0.2%27.3%Sep 23Dec 24Jun 26
76%55%35%15%−5.6%%67.2%5.3%0.2%27.3%Sep 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Allcargo Terminals Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Logistics Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Allcargo Terminals Ltd this page13.6×₹609 CrTurning around
Aegis Logistics Ltd54.5×₹47,371 CrMixed
Container Corporation Of India Ltd29.3×₹36,371 CrDeteriorating
Shadowfax Technologies Ltd112.0×₹12,554 Cr
Blue Dart Express Ltd41.6×₹11,655 CrMixed
Blackbuck Ltd60.0×₹9,824 CrNo read
Transport Corporation of India Ltd15.5×₹7,051 CrConsistent
Sindhu Trade Links Ltd65.6×₹3,770 CrNo read
Gateway Distriparks Ltd10.9×₹2,817 CrMixed
Reliance Industrial Infrastructure Ltd90.8×₹1,102 CrDeteriorating
Allcargo Gati Ltd(Merged)97.5×₹971 CrNo read
JITF Infra Logistics Ltd₹939 CrNo read
Western Carriers (India) Ltd23.6×₹917 CrMixed
Ritco Logistics Ltd23.6×₹851 CrMixed
Tejas Cargo India Ltd39.7×₹830 Cr
Sical Logistics Ltd596.0×₹774 CrNo read
TransIndia Real Estate Ltd16.1×₹598 CrMixed
S J Logistics (India) Ltd6.2×₹469 CrNo read
12 · Frequently asked questions

Frequently asked questions

What is Allcargo Terminals Ltd's share price today?

Allcargo Terminals Ltd trades at ₹23.1, −26.6% over the past year. The company is valued at ₹609 Cr. The stock sits at 19% of its 52-week range of ₹20–₹36, −11.0% versus its 200-day average. On the tape, the price is in a downtrend, 31 weeks in. — as of 24 July 2026.

What were Allcargo Terminals Ltd's latest quarterly results?

Allcargo Terminals Ltd reported revenue of ₹208 Cr and net profit of ₹8.8 Cr for the Mar 26 quarter. Earnings per share were ₹0.30. The operating margin was 21.2%, 3.1 pp higher than a year earlier. — as of 24 July 2026.

What is Allcargo Terminals Ltd's revenue?

Allcargo Terminals Ltd reported revenue of ₹208 Cr in the Mar 26 quarter, +11.9% year on year. For the full FY26 fiscal year, revenue was ₹821 Cr (+8.3%). Over the last 4 years revenue compounded at 59.1% a year. — as of 24 July 2026.

What is Allcargo Terminals Ltd's profit?

Allcargo Terminals Ltd earned ₹8.8 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹44.0 Cr. The operating margin ran 21.2% in the latest quarter. — as of 24 July 2026.

What is Allcargo Terminals Ltd's market cap?

Allcargo Terminals Ltd's market capitalisation is ₹609 Cr at a share price of ₹23.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Allcargo Terminals Ltd's P/E ratio?

Allcargo Terminals Ltd trades at a P/E of 13.6×, at the 0th percentile of its own 2-year range, against a long-run median of 23.4×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Allcargo Terminals Ltd pay a dividend?

No — Allcargo Terminals Ltd has recorded a dividend payout of 0% of profit in each of its last 5 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.

Is Allcargo Terminals Ltd overvalued?

On its own history, Allcargo Terminals Ltd looks cheap against its own history: its P/E of 13.6× has been cheaper only 0% of the time in 2 years (long-run median 23.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.

How is Allcargo Terminals Ltd performing?

Allcargo Terminals Ltd is in a downtrend, 31 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Allcargo Terminals Ltd in?

Turning around — profit growth swung from −19.2% at the trough to +27.7%, a 3-quarter improving streak (single-quarter readings), ROCE slipping at 12.0%. The read comes from the last 12 quarters of growth (revenue growth +11.9% latest, profit growth +27.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Allcargo Terminals Ltd in an uptrend?

No — the price is in a downtrend (week 31 of stage 4), trading −11.0% versus its 200-day average and at 19% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Allcargo Terminals Ltd beating the market?

Not lately — on a trailing-13-week view Allcargo Terminals Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.9 years the stock moved −46% against the NIFTY 500's +38% — behind the index over the full window. — as of 24 July 2026.

Will Allcargo Terminals Ltd's share price go up?

This page publishes no price forecast for Allcargo Terminals Ltd. What it measures instead: the share price is ₹23.1, the price is in a downtrend 31 weeks in. Its P/E of 13.6× sits at the 0th percentile of its own 2-year range. — as of 24 July 2026.

Who owns Allcargo Terminals Ltd?

Promoters hold 67.2% of Allcargo Terminals Ltd, foreign institutions 5.3%, domestic institutions 0.2% and the public 27.3% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 1.7 points over 8 quarters. — as of 24 July 2026.

Does Allcargo Terminals Ltd have too much debt?

It carries real leverage — Allcargo Terminals Ltd's debt-to-equity is 2.18, and operating profit covers the interest bill 3×. FY26 borrowings were ₹769 Cr against equity of ₹352 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Allcargo Terminals Ltd's capex?

Allcargo Terminals Ltd spent ₹505 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹382 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Allcargo Terminals Ltd's cash flow?

Allcargo Terminals Ltd generated ₹157 Cr of operating cash flow in FY26 and ₹−225 Cr of free cash flow after ₹382 Cr of capital spending. Reported profit that year was ₹44.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Allcargo Terminals Ltd's profit real cash?

Yes — over the last 3 fiscal years, 306% of Allcargo Terminals Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹157 Cr against reported profit of ₹44.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Allcargo Terminals Ltd in its business cycle?

Allcargo Terminals Ltd's FY26 operating margin was 20.0%, against a 5-year band of 11.0%–20.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 21.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Allcargo Terminals Ltd story?

The sharpest disagreement: annual EPS moved +41.1% against a −26.6% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Allcargo Terminals Ltd a stock worth studying right now?

This is not investment advice. The machine read: Allcargo Terminals Ltd's earnings have outrun its stock. EPS grew +41.1% in a year against a −26.6% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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