Logistics — sector analysis & key numbers
Logistics is turning around off a trough: 4 of 18 constituents are in price uptrends, and aggregate profit grew 8% in the latest year.
Logistics groups 18 listed companies worth ₹1,33,724 Cr combined, and 4 of 18 are in confirmed price uptrends. Aggregate profit moved +25.2% year-on-year in the latest reported quarter. The sector trades at an aggregate P/E of 26.1×, at the 57th percentile of its own history.
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Companies
- 18
- Total market cap
- ₹1,33,724 Cr
- Relative strength
- 47
- RRG quadrant
- broadening
- Weeks in streak
- 8
- In Stage-2 uptrend
- 4 of 18
- Above 200-DMA
- 7 of 18
- Beating NIFTY 500
- 6 of 18
- Latest-quarter revenue
- ₹12,612 Cr
- Latest-quarter profit
- ₹1,161 Cr
- Aggregate P/E
- 26.1×
- Valuation percentile
- 57th of its own history
- Sector wind
- neutral
- Data as of
- 1 July 2026
The research read on Logistics: turning around off a trough.lifecycle_bucket
The aggregate curve screams a powerful earnings-led turnaround (PAT +174.2%) with normalized PE in the 6th percentile. Qualitative data confirms this via domestic DFC tailwinds and express segment resets. However, a severe EXIM constraint (Hormuz blockade) splits the sector, stranding cargo and squeezing margins for exposed names. The structural turn is real, but demands focusing on domestic-centric operators.synthesis
What would change this view: A reversal in aggregate earnings growth caused by prolonged EXIM disruption spilling over into domestic rail margins, coupled with institutional outflows. The disproving print would be a quarterly earnings report showing a YoY decline in aggregate PAT driven by EXIM disruption.would_change_my_mind
A genuine structural turnaround — express/3PL networks back to profitability and the WDFC-to-JNPT commissioning sparking a road-to-rail modal shift — but a severe live overhang from the Strait of Hormuz blockade keeps it a selective, name-specific play.one_line_thesis
- ⚠aggregate PAT surged 174.2% over ~3 years · sector_cycle_deterministic.curve_move_driver.citations
- ⚠PE de-rated 42.5% over 12q · sector_cycle_deterministic.curve_move_driver.citations
- ✓Capital is entering the sector · capital_flows
- ⚠normalized aggregate PE in the 6th percentile · sector_cycle_deterministic.pe
- ⚠SICALLOG lifted ΣPAT · sector_cycle_deterministic.top_contributors.top
- ⚠AEGISLOG lifted ΣPAT · sector_cycle_deterministic.top_contributors.top
- ⚠BLACKBUCK lifted ΣPAT · sector_cycle_deterministic.top_contributors.top
- ⚠trailing PE in the 0th percentile · sector_cycle_deterministic.pe
Research view from 2026-06-27
4 of 18 constituents are in Stage-2 price uptrends, 7 trade above their 200-day averages, and 6 are beating the NIFTY 500 on relative strength.stageabove_dma200rs_mansfield
Over the trailing ~20 weeks, the share of constituents above the 200-day line moved from 29% to 44% — participation is widening.breadth_series
Sector relative strength stands at 47, in the broadening quadrant of the rotation map, with relative strength falling over a 8-week streak.current_rsquadrant
Recent stage changes: AEGISLOG (stage 4→2), RITCO (stage 4→1), SINDHUTRAD (stage 3→2).stage
Data: Breadth trend
| Period | % above 200-DMA (%) | % beating NIFTY (%) |
|---|---|---|
| Feb 26 | 29.4 | 20.0 |
| Feb 26 | 35.3 | 31.3 |
| Feb 26 | 29.4 | 31.3 |
| Mar 26 | 29.4 | 25.0 |
| Mar 26 | 11.8 | 25.0 |
| Mar 26 | 17.6 | 18.8 |
| Mar 26 | 12.5 | 6.7 |
| Mar 26 | 28.6 | 16.7 |
| Apr 26 | 25.0 | 14.3 |
| Apr 26 | 29.4 | 18.8 |
| Apr 26 | 29.4 | 12.5 |
| Apr 26 | 17.6 | 6.3 |
| May 26 | 47.1 | 31.3 |
| May 26 | 17.6 | 18.8 |
| May 26 | 29.4 | 25.0 |
| May 26 | 29.4 | 25.0 |
| Jun 26 | 35.3 | 31.3 |
| Jun 26 | 35.3 | 31.3 |
| Jun 26 | 52.9 | 43.8 |
| Jun 26 | 43.8 | 46.7 |
Data as of 2026-07-01
Top performers by 1-year price return: Tejas Cargo India Ltd (+77.8%), Aegis Logistics Ltd (+66.4%), Blackbuck Ltd (+26.2%), Sical Logistics Ltd (-1.3%), Gateway Distriparks Ltd (-10.2%).price
Data: Indexed price (base 100, ~52 weeks) — default top-5
| Period | TEJASCARGO (index) | AEGISLOG (index) | BLACKBUCK (index) | SICALLOG (index) | GATEWAY (index) | Sector avg (index) |
|---|---|---|---|---|---|---|
| Jul 25 | 100 | 100 | 100 | 100 | 100 | 100 |
| Jul 25 | 101 | 100 | 101 | 103 | 101 | 102 |
| Jul 25 | 136 | 99.6 | 107 | 93.7 | 98.7 | 100 |
| Aug 25 | 105 | 95.7 | 102 | 92.7 | 104 | 94.7 |
| Aug 25 | 117 | 96.5 | 119 | 88.9 | 101 | 95.5 |
| Aug 25 | 128 | 94.8 | 125 | 88.2 | 102 | 94.0 |
| Aug 25 | 131 | 99.5 | 148 | 83.2 | 105 | 98.1 |
| Aug 25 | 132 | 91.0 | 146 | 77.8 | 98.4 | 94.2 |
| Sep 25 | 140 | 95.7 | 135 | 77.5 | 98.5 | 98.3 |
| Sep 25 | 140 | 95.1 | 143 | 75.7 | 97.8 | 98.9 |
| Sep 25 | 134 | 107 | 137 | 87.9 | 99.5 | 102 |
| Sep 25 | 134 | 101 | 141 | 92.0 | 94.2 | 99.3 |
| Oct 25 | 130 | 119 | 143 | 87.4 | 96.2 | 101 |
| Oct 25 | 125 | 110 | 157 | 83.0 | 95.4 | 98.8 |
| Oct 25 | 123 | 109 | 159 | 78.8 | 95.4 | 97.6 |
| Oct 25 | 129 | 106 | 151 | 77.3 | 96.4 | 97.3 |
| Oct 25 | 134 | 102 | 157 | 73.6 | 97.6 | 98.2 |
| Nov 25 | 145 | 103 | 153 | 84.0 | 94.2 | 97.5 |
| Nov 25 | 143 | 107 | 160 | 77.3 | 92.5 | 98.1 |
| Nov 25 | 123 | 104 | 147 | 74.5 | 91.3 | 95.3 |
| Nov 25 | 129 | 103 | 153 | 76.5 | 89.9 | 94.9 |
| Dec 25 | 112 | 100 | 145 | 73.8 | 91.5 | 91.2 |
| Dec 25 | 115 | 102 | 150 | 81.5 | 92.1 | 91.8 |
| Dec 25 | 116 | 99.7 | 144 | 84.0 | 91.0 | 91.4 |
| Dec 25 | 126 | 97.6 | 152 | 78.3 | 93.2 | 92.3 |
| Jan 26 | 132 | 98.3 | 160 | 75.1 | 92.5 | 93.8 |
| Jan 26 | 128 | 101 | 149 | 73.0 | 88.1 | 89.5 |
| Jan 26 | 133 | 95.7 | 143 | 83.0 | 86.1 | 88.7 |
| Jan 26 | 121 | 88.2 | 123 | 75.6 | 86.3 | 82.6 |
| Feb 26 | 128 | 94.6 | 126 | 74.8 | 88.5 | 87.2 |
| Feb 26 | 135 | 93.5 | 143 | 74.7 | 92.8 | 90.5 |
| Feb 26 | 131 | 94.8 | 145 | 78.6 | 89.9 | 92.8 |
| Feb 26 | 131 | 93.8 | 138 | 69.5 | 91.2 | 90.7 |
| Feb 26 | 127 | 93.2 | 134 | 65.3 | 89.9 | 89.6 |
| Mar 26 | 132 | 89.9 | 134 | 65.2 | 87.1 | 87.1 |
| Mar 26 | 125 | 81.5 | 129 | 66.3 | 82.3 | 83.0 |
| Mar 26 | 131 | 82.8 | 141 | 65.5 | 78.0 | 83.6 |
| Mar 26 | 123 | 82.8 | – | 65.0 | 82.5 | 76.5 |
| Apr 26 | 126 | 79.8 | – | – | – | 85.5 |
| Apr 26 | 116 | 79.6 | – | – | – | 85.3 |
| Apr 26 | 119 | 96.0 | 143 | 69.7 | 90.6 | 90.9 |
| Apr 26 | 136 | 96.7 | 137 | 69.3 | 87.1 | 90.2 |
| Apr 26 | 154 | 94.9 | 126 | 65.7 | 87.6 | 91.5 |
| May 26 | 158 | 97.6 | 133 | 67.2 | 91.6 | 95.6 |
| May 26 | 182 | 91.2 | 122 | 64.9 | 86.4 | 93.3 |
| May 26 | 167 | 98.1 | 115 | 64.3 | 84.5 | 93.4 |
| May 26 | 167 | 101 | 117 | 66.1 | 85.5 | 93.9 |
| Jun 26 | 172 | 104 | 116 | 72.8 | 85.8 | 94.7 |
| Jun 26 | 172 | 128 | 125 | 84.2 | 88.7 | 97.6 |
| Jun 26 | 172 | 136 | 132 | 96.7 | 93.1 | 102 |
| Jun 26 | 172 | 154 | 129 | – | 89.6 | 102 |
| Jul 26 | 167 | 170 | 126 | 96.5 | 90.8 | 103 |
Data: Quarterly revenue (8q) — default top-5
| Period | TEJASCARGO (₹ Cr) | AEGISLOG (₹ Cr) | BLACKBUCK (₹ Cr) | SICALLOG (₹ Cr) | GATEWAY (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | – | 1,601 | 92.0 | 42.0 | 353 | 560 |
| Sep 24 | 253 | 1,750 | 99.0 | 49.0 | 390 | 579 |
| Dec 24 | – | 1,707 | 114 | 50.0 | 403 | 611 |
| Mar 25 | 249 | 1,705 | 122 | 81.0 | 535 | 613 |
| Jun 25 | – | 1,719 | 144 | 98.0 | 550 | 590 |
| Sep 25 | 302 | 2,294 | 151 | 90.0 | 567 | 675 |
| Dec 25 | – | 1,725 | 172 | 93.0 | 560 | 730 |
| Mar 26 | 327 | 2,594 | 185 | 105 | 534 | 742 |
Data: Quarterly net profit (8q) — default top-5
| Period | TEJASCARGO (₹ Cr) | AEGISLOG (₹ Cr) | BLACKBUCK (₹ Cr) | SICALLOG (₹ Cr) | GATEWAY (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | – | 158 | 29.0 | -18.0 | 49.0 | 48.3 |
| Sep 24 | 9.0 | 152 | -269 | -6.0 | 60.0 | 46.1 |
| Dec 24 | – | 160 | -48.0 | -5.0 | 456 | 69.3 |
| Mar 25 | 10.0 | 318 | 280 | 2.0 | -191 | 51.6 |
| Jun 25 | – | 175 | 34.0 | -3.0 | 62.0 | 47.4 |
| Sep 25 | 13.0 | 244 | 29.0 | 13.0 | 66.0 | 60.1 |
| Dec 25 | – | 233 | 32.0 | 48.0 | 67.0 | 67.8 |
| Mar 26 | 8.0 | 455 | 66.0 | -9.0 | 64.0 | 68.2 |
Data: Operating margin % (8q) — default top-5
| Period | TEJASCARGO (%) | AEGISLOG (%) | BLACKBUCK (%) | SICALLOG (%) | GATEWAY (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| Jun 24 | – | 15.0 | 9.0 | 3.6 | 24.0 | 12.6 |
| Sep 24 | 17.0 | 13.0 | 15.0 | 8.5 | 25.0 | 12.2 |
| Dec 24 | – | 14.0 | 26.0 | 14.6 | 24.0 | 14.7 |
| Mar 25 | 22.0 | 24.0 | 33.0 | 10.6 | 20.0 | 5.5 |
| Jun 25 | – | 14.0 | 28.0 | 23.5 | 22.0 | 16.7 |
| Sep 25 | 14.0 | 13.0 | 24.0 | 20.1 | 21.0 | 14.2 |
| Dec 25 | – | 17.0 | 26.0 | 19.2 | 22.0 | 14.8 |
| Mar 26 | 20.0 | 24.0 | 24.0 | 18.5 | 22.0 | 16.1 |
Data: Latest reported ROCE / ROE (single latest reading, not a trend) — default top-5
| Period | TEJASCARGO (%) | AEGISLOG (%) | BLACKBUCK (%) | SICALLOG (%) | GATEWAY (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| ROCE % | 12.1 | 13.6 | 12.8 | 9.8 | 10.8 | 11.5 |
| ROE % | 11.4 | 16.8 | 12.3 | 2.0 | 11.5 | 10.5 |
Data: 10-year valuation percentile (latest) — default top-5
| Period | TEJASCARGO (percentile) | AEGISLOG (percentile) | BLACKBUCK (percentile) | GATEWAY (percentile) | Sector avg (percentile) |
|---|---|---|---|---|---|
| 10y percentile | 86.0 | 74.0 | 80.0 | 5.0 | 47.0 |
Interactive charts default to the five strongest performers by 1-year price return; use the rail to add or remove any constituent, globally or per chart. Non-interactive readers see the same numbers in each chart’s data table.
Data as of 2026-07-01
In the latest reported quarter (2026-03), constituents together booked ₹12,612 Cr of revenue (+14.4% year-on-year) and ₹1,161 Cr of profit (+25.2%).revenuepat
Reporting honesty note: 17 of the constituents have reported this quarter versus 18 a year ago, so part of the year-on-year change is composition, not like-for-like growth.reporters
On the annual arc, aggregate profit grew 8% to ₹3,948 Cr in 2026.pat
Data: Aggregate quarterly revenue
| Period | Revenue (₹ Cr) | Reporters |
|---|---|---|
| Jun 23 | 9,063 | 15 |
| Sep 23 | 8,818 | 16 |
| Dec 23 | 9,448 | 16 |
| Mar 24 | 9,568 | 16 |
| Jun 24 | 8,953 | 16 |
| Sep 24 | 9,838 | 17 |
| Dec 24 | 10,392 | 17 |
| Mar 25 | 11,028 | 18 |
| Jun 25 | 9,435 | 16 |
| Sep 25 | 11,479 | 17 |
| Dec 25 | 10,947 | 15 |
| Mar 26 | 12,612 | 17 |
Data: Aggregate quarterly profit
| Period | Profit after tax (₹ Cr) |
|---|---|
| Jun 23 | 599 |
| Sep 23 | 895 |
| Dec 23 | 911 |
| Mar 24 | 837 |
| Jun 24 | 771 |
| Sep 24 | 784 |
| Dec 24 | 1,178 |
| Mar 25 | 927 |
| Jun 25 | 760 |
| Sep 25 | 1,022 |
| Dec 25 | 1,016 |
| Mar 26 | 1,161 |
Data: Aggregate operating margin
| Period | OPM (%) |
|---|---|
| Jun 23 | 13.6 |
| Sep 23 | 16.0 |
| Dec 23 | 15.1 |
| Mar 24 | 13.7 |
| Jun 24 | 16.1 |
| Sep 24 | 14.5 |
| Dec 24 | 14.4 |
| Mar 25 | 12.2 |
| Jun 25 | 15.3 |
| Sep 25 | 15.3 |
| Dec 25 | 15.8 |
| Mar 26 | 16.5 |
Data: Aggregate profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| 2015 | 1,584 |
| 2016 | 1,449 |
| 2017 | 1,201 |
| 2018 | 1,470 |
| 2019 | 1,591 |
| 2020 | 351 |
| 2021 | -718 |
| 2022 | 1,659 |
| 2023 | 1,440 |
| 2024 | 3,238 |
| 2025 | 3,643 |
| 2026 | 3,948 |
Data: Operating margin by year
| Period | OPM (%) |
|---|---|
| 2015 | 13.3 |
| 2016 | 14.5 |
| 2017 | 12.5 |
| 2018 | 12.7 |
| 2019 | 13.2 |
| 2020 | 12.2 |
| 2021 | 11.7 |
| 2022 | 15.3 |
| 2023 | 12.8 |
| 2024 | 14.1 |
| 2025 | 13.9 |
| 2026 | 15.6 |
Data as of 2026-06-27
Sector revenue moved from ₹40,990 Cr to ₹44,815 Cr (+9.3% year-on-year).revenue
Aggregate operating margin moved 13.9%→15.6% year-on-year (+167 basis points).opm
The aggregate P/E moved from 45.3× to 26.1× (-42.5%) while sector profits moved +174.2% — earnings led the multiple — the durable pattern.pe
Capital cycle: capital is entering this industry, with constituent capex running +25.3% year-on-year.readcapex_yoy_pct
Sector Σrevenue +9.3% YoY — confirm it is demand/volume-led across constituents, not price/base.
revenueSector aggregate OPM +167bps up — confirm structural (mix / pricing / operating leverage) vs a soft base; a peak-margin reading is a value-trap risk (normalize before re-rating).
opmpat_marginSector PE moved -42.5% but aggregate ΣPAT rose +174.2% over ~3y — EARNINGS led the multiple (the durable pattern). The re-rating is backed by real aggregate earnings.
peprice_idxpatCapital is ENTERING (read=ENTERING; capex +25.34%, FII+DII +0.68pp) — crowding in + a capex surge LATE in the cycle is a HEADWIND (supply coming, competition for returns). Check whether the inflow is EARLY (depressed valuation, fresh turn) or LATE (chasing a run).
capex_yoy_pctfii_dii_delta_4qpromoter_delta_2qcwip_growth_pctResearch view from 2026-06-27
Ownership: institutional (FII+DII) holdings moved +0.68 percentage points over four quarters; promoter stakes moved -0.69 points over two.fii_dii_delta_4qpromoter_delta_2q
Constituents spent ₹5,614 Cr on capex in the trailing twelve months (+25.3% year-on-year), with gross block growing +14.7%.capex_ttm_sum_crcapex_yoy_pct
On the deterministic capital-flow read, capital is entering this industry.read
Research view from 2026-06-27
The sector trades at an aggregate P/E of 26.07× against a range of 26.07–227.47× over its 40-quarter history.pe
The median constituent sits at the 57th percentile of its own 10-year valuation range.percentile
Aggregate operating margin (15.6%) sits at the 100th percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.opm
Data: Aggregate P/E and price index
| Period | P/E (×) | Price index |
|---|---|---|
| Jun 16 | 35.9 | 100 |
| Sep 16 | 34.4 | 96 |
| Dec 16 | 28.2 | 79 |
| Mar 17 | 42.1 | 96 |
| Jun 17 | 44.0 | 100 |
| Sep 17 | 47.4 | 108 |
| Dec 17 | 51.2 | 116 |
| Mar 18 | 36.0 | 102 |
| Jun 18 | 35.8 | 102 |
| Sep 18 | 33.4 | 95 |
| Dec 18 | 35.2 | 100 |
| Mar 19 | 33.7 | 101 |
| Jun 19 | 33.4 | 101 |
| Sep 19 | 32.8 | 98 |
| Dec 19 | 31.8 | 96 |
| Mar 20 | 145.2 | 58 |
| Jun 20 | 190.3 | 75 |
| Sep 20 | 194.8 | 77 |
| Dec 20 | 227.5 | 90 |
| Mar 21 | – | 122 |
| Jun 21 | – | 142 |
| Sep 21 | – | 141 |
| Dec 21 | – | 140 |
| Mar 22 | 44.5 | 151 |
| Jun 22 | 43.0 | 146 |
| Sep 22 | 48.2 | 164 |
| Dec 22 | 48.0 | 163 |
| Mar 23 | 45.3 | 139 |
| Jun 23 | 34.2 | 156 |
| Sep 23 | 46.2 | 164 |
| Dec 23 | 47.0 | 189 |
| Mar 24 | 32.6 | 191 |
| Jun 24 | 40.3 | 244 |
| Sep 24 | 35.7 | 225 |
| Dec 24 | 36.1 | 207 |
| Mar 25 | 31.2 | 184 |
| Jun 25 | 33.3 | 196 |
| Sep 25 | 31.6 | 197 |
| Dec 25 | 31.4 | 185 |
| Mar 26 | 26.1 | 157 |
Aggregate operating margin (15.6%) sits at the 100th percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Data as of 2026-06-27
18 companies make up this sector, led by Aegis Logistics Ltd at ₹40,037 Cr of market value.constituents
| Company | Price | 1y | Stage | RS | 10y val % |
|---|---|---|---|---|---|
| Aegis Logistics Ltd | ₹1,255 | +66.4% | 2 | 67.7 | 74 |
| Container Corporation Of India Ltd | ₹480 | −19.9% | 4 | -6.5 | 28 |
| Shadowfax Technologies Ltd | ₹235 | – | 2 | – | – |
| Blue Dart Express Ltd | ₹4,894 | −26.9% | 4 | -11.8 | 7 |
| Blackbuck Ltd | ₹548 | +26.2% | 4 | -7.5 | 80 |
| Transport Corporation of India Ltd | ₹925 | −18.8% | 4 | -13.0 | 19 |
| Sindhu Trade Links Ltd | ₹25.4 | −29.0% | 2 | 4.5 | 91 |
| Gateway Distriparks Ltd | ₹59.4 | −10.2% | 4 | -1.5 | 5 |
| Reliance Industrial Infrastructure Ltd | ₹821 | −13.9% | 4 | 1.0 | 55 |
| Western Carriers (India) Ltd | ₹98.8 | −11.5% | 4 | -12.6 | 89 |
| Allcargo Gati Ltd(Merged) | ₹66.0 | – | 4 | -8.2 | 68 |
| Tejas Cargo India Ltd | ₹380 | +77.8% | 2 | 23.9 | 86 |
| JITF Infra Logistics Ltd | ₹305 | −15.5% | 4 | -3.7 | 75 |
| Sical Logistics Ltd | ₹95.7 | −1.3% | 4 | 23.3 | – |
| Ritco Logistics Ltd | ₹254 | −14.7% | 1 | 0.3 | 57 |
| TransIndia Real Estate Ltd | ₹26.8 | −25.9% | 4 | -4.6 | 10 |
| Allcargo Terminals Ltd | ₹23.8 | −11.2% | 4 | -11.3 | 0 |
| S J Logistics (India) Ltd | ₹328 | −30.6% | 4 | -7.6 | 8 |
Data as of 2026-07-01
Tailwind chain: The shared driver is the strategy's own setup: turning around / oversold value buckets where earnings have troughed and turned, the multiple has de-rated to decade-cheap, and a CONFIRMING RRG start is present… Also touches: Speciality Chemicals, IT Product Companies, Aerospace & Defence - Equipments.triggermechanism
Headwind chain: The Strait of Hormuz is fully blocked, stranding 40-45k containers (Marine Port Q5) with cargo-throughput growth collapsing to 0.7% in the latest monthly print (Marine Port Q3); Also touches: Shipping, Marine Port & Services, Shipping - Proxy.triggermechanism
The shared driver is the strategy's own setup: turning around / oversold value buckets where earnings have troughed and turned, the multiple has de-rated to decade-cheap, and a CONFIRMING RRG start is present — Speciality Chemicals (RECOVERY, rrg 60.2), Diagnostics (turning around, conv 70), Logistics (fairly priced real value, rrg confirming), Realty - CoWorking (profitability cross confirmed, rrg 81.6), IT Product Companies (oversold value, rrg 88.3).
A genuine fundamental inflection off a depressed base with price just beginning to move is the §0 base-rate winner pattern (depressed-base + EPS-support = 734% avg vs 287% cohort). These are NOT linked by a macro driver but by SETUP quality — they are the freshest points on the curve and per doctrine RANK ABOVE the topping/peak-margin names regardless of headline conviction.
The Strait of Hormuz is fully blocked, stranding 40-45k containers (Marine Port Q5) with cargo-throughput growth collapsing to 0.7% in the latest monthly print (Marine Port Q3); the same blockade + Red Sea/Gulf revenue exposure is cited in Logistics (Q3/Q4 Hormuz + Morbi squeeze) and Shipping - Proxy (Q3 Red Sea/Gulf revenue exposure, high-severity event risk).
A chokepoint closure simultaneously decelerates container/port volumes (a near-term demand/throughput hit the trailing curves cannot yet see) and raises freight/insurance costs — hitting ports, logistics integrators and shipping proxies together, while their durable trailing earnings curves still read strong.
Research view from 2026-06-27
Straight answers from the data
What is the Logistics sector?
The Logistics sector groups 18 listed companies with a combined market value of ₹1,33,724 Cr, led by Aegis Logistics Ltd, Container Corporation Of India Ltd, Shadowfax Technologies Ltd. 4 of 18 constituents are currently in confirmed price uptrends.
Which stocks are in the Logistics sector?
The largest Logistics companies by market value are Aegis Logistics Ltd (₹40,037 Cr), Container Corporation Of India Ltd (₹36,097 Cr), Shadowfax Technologies Ltd (₹12,946 Cr), Blue Dart Express Ltd (₹11,862 Cr), Blackbuck Ltd (₹10,227 Cr), Transport Corporation of India Ltd (₹7,159 Cr), Sindhu Trade Links Ltd (₹3,895 Cr), Gateway Distriparks Ltd (₹3,090 Cr).
What are the best-performing Logistics stocks?
By 1-year price return as of 1 July 2026, the strongest Logistics stocks are Tejas Cargo India Ltd (+78%), Aegis Logistics Ltd (+66%), Blackbuck Ltd (+26%), Sical Logistics Ltd (−1.3%), Gateway Distriparks Ltd (−10%). These are descriptive price moves measured from weekly Screener closes, not recommendations.
Is the Logistics sector in an uptrend?
4 of 18 Logistics constituents are in Stage-2 price uptrends, 7 trade above their 200-day average, and 6 are beating the NIFTY 500 on relative strength. Sector relative strength reads 47, in the broadening quadrant of the rotation map, falling over a 8-week streak.
How many Logistics stocks trade above their 200-day average?
7 of 18 Logistics constituents currently trade above their 200-day moving average. Over the trailing ~20 weeks, that share moved from 29% to 44% — participation is widening.
Is the Logistics sector expensive versus its own history?
The Logistics sector trades at an aggregate P/E of 26.1× against a 26.1–227× band over its own history. The median constituent sits at the 57th percentile of its own 10-year P/E range, around the middle of its own historical range. Aggregate operating margin (15.6%) sits at the 100th percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Is money entering or leaving the Logistics sector?
On Sector Alpha's deterministic capital-flow read, money is entering the Logistics sector. Institutional (FII+DII) holdings moved +0.68 percentage points across constituents over the last four quarters, and constituents grew capex +25.3% year-on-year.
How fast is the Logistics sector growing?
In the latest reported quarter (March 2026), Logistics constituents together booked ₹12,612 Cr of revenue, +14.4% year-on-year, with aggregate profit +25.2% year-on-year. Figures aggregate Screener-scraped quarterly filings across the sector.
How are Logistics operating margins trending?
Aggregate Logistics operating margin was 16.4% in the latest reported quarter (March 2026), versus 12.2% a year earlier — margins are improving.
Which sectors is the Logistics sector connected to?
The Logistics sector sits in 2 cross-sector chains: as a beneficiary it connects to Speciality Chemicals, IT Product Companies, Aerospace & Defence - Equipments — The shared driver is the strategy's own setup: turning around / oversold value buckets where earnings have troughed and turned, the multiple has de-rated to…; as a potential casualty it connects to Shipping, Marine Port & Services, Shipping - Proxy — The Strait of Hormuz is fully blocked, stranding 40-45k containers (Marine Port Q5) with cargo-throughput growth collapsing to 0.7% in the latest monthly print (Marine….
What is the bull case for the Logistics sector?
A genuine structural turnaround — express/3PL networks back to profitability and the WDFC-to-JNPT commissioning sparking a road-to-rail modal shift — but a severe live overhang from the Strait of Hormuz blockade keeps it a selective, name-specific play. Capital is entering the sector
What could change the view on the Logistics sector?
A reversal in aggregate earnings growth caused by prolonged EXIM disruption spilling over into domestic rail margins, coupled with institutional outflows. The disproving print would be a quarterly earnings report showing a YoY decline in aggregate PAT driven by EXIM disruption.
What is the research view on the Logistics sector?
Sector Alpha does not publish trading recommendations or price calls — this is a research read, not advice. What the data says: turning around · mixed. The aggregate curve screams a powerful earnings-led turnaround (PAT +174.2%) with normalized PE in the 6th percentile. Qualitative data confirms this via domestic DFC tailwinds and express segment resets. Every number on this page traces to its source column; it is machine-written research, not investment advice.
Should I invest in the Logistics sector?
Sector Alpha does not publish sector allocations or trading calls — for Logistics or any sector. What this page provides is a data-first read: how many constituents are in confirmed uptrends, how the sector's valuation compares with its own history, where earnings sit in their cycle, and whether capital is entering or leaving. Use it to study the sector on the evidence, then do your own diligence.
What is the Logistics sector's relative-strength position?
Logistics relative strength reads 47 on Sector Alpha's rotation map, placing it in the broadening quadrant. Relative strength is falling and has held for 8 weeks. A positive, rising relative-strength trend means the sector has been outperforming the broad market week after week.