20-quarter listed-company comparison

Logistics - Warehousing/Supply Chain Stocks in India

Logistics - Warehousing/Supply Chain: TVS Supply Chain Solutions Ltd owns the largest revenue base; Navkar Corporation Ltd has the fastest current growth.

The 8 Logistics - Warehousing/Supply Chain companies listed in India are Delhivery Ltd (₹32.9K Cr, the largest), TVS Supply Chain Solutions Ltd, VRL Logistics Ltd and 5 more. 4 of 8 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

All 8 Logistics - Warehousing/Supply Chain Stocks in India (Sep 2026) — ranked by 4-Factor score

1VRL Logistics Ltd₹5.0K Cr80.2/100Sector-leading setup · strongest on PEG and ROCE
2Allcargo Logistics Ltd₹1.8K Cr56.6/100Mixed-positive evidence · strongest on relative strength versus sector and margin improvement
3Navkar Corporation Ltd₹1.4K Cr52.7/100Mixed-positive evidence · strongest on profit growth and ROCE improvement
4Mahindra Logistics Ltd₹3.9K Cr50.7/100Mixed-positive evidence · strongest on relative strength versus sector and revenue growth
5TVS Supply Chain Solutions Ltd₹5.8K Cr50.4/100Mixed-positive evidence · strongest on profit growth and ROCE improvement
6TCI Express Ltd₹2.0K Cr40.5/100Mixed-negative evidence · strongest on own-history P/E and ROCE
7Snowman Logistics Ltd₹600 Cr35.8/100Mixed-negative evidence · strongest on financial resilience and operating margin
8Delhivery Ltd₹32.9K Cr23.4/100Adverse evidence · strongest on revenue growth

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Logistics - Warehousing/Supply Chain Index — Constituents & Performance

All 8 listed Indian Logistics - Warehousing/Supply Chain companies are named here, largest first — the same constituent set people search for as the Nifty Logistics - Warehousing/Supply Chain index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

02 · the sector itself · before any single company

How has Logistics - Warehousing/Supply Chain moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 24% behind NIFTY 500. Earnings across its companies grew 29% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 5 weeks running.

FADING · −2 in 4w~Fundamentals up, price down3 of 8 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑5w · 4/8 >200d (−3) · 3/8 lead (−2) · EPS 5/8↑

Logistics - Warehousing/Supply Chain, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Logistics - Warehousing/Supply Chain outperforming NIFTY 500?

Logistics - Warehousing/Supply Chain has underperformed NIFTY 500 by 6.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 9.7%. 4 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Allcargo Logistics Ltd is the strongest against the sector itself at +17.7%.

+9.7%Sector vs NIFTY 500 · 13 weeks

-6.4%Sector vs NIFTY 500 · 52 weeks

4/8Stocks leading NIFTY 500

3/8Stocks leading sector

Sector metric: 11.0 as of 2026-08-22 · LEADERS · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Logistics - Warehousing/Supply Chain has underperformed NIFTY 500 by 6.4% over 52 weeks and 9.7% over 13 weeks. 4 of 8 covered companies beat NIFTY on Mansfield relative strength, while 3 of 8 beat the sector itself. TVS Supply Chain Solutions Ltd leads with revenue of ₹11,746 crore, based on 8 of 8 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹53.4K Cr

Delhivery Ltd

Revenue growing

8/8

positive TTM year-on-year growth

Beating NIFTY 500

4/8

positive Mansfield relative strength

Comparing 5 of 8

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

VRL Logistics Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

TCI Express Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Allcargo Logistics Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1VRL Logistics LtdVRLLOG	80.2/100Sector-leading setup100% evidence	BREAKING OUT	22.3/35 Revenue 5.6% · PAT 22.4% · OPM change 1 pp 100% evidence	20.7/25 ROCE 18.3% · OPM 21% 100% evidence	19.5/20 P/E 18.9× · PEG 0.6 100% evidence	17.7/20 RS sector 6.3% · RS bench 10.9% · 1Y 9.2%5 of 12 weeks ahead 100% evidence
Exact sum: 22.3 + 20.7 + 19.5 + 17.7 = 80.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Allcargo Logistics LtdALLCARGO	56.6/100Mixed-positive evidence72% evidence	BREAKING OUT	16.2/35 Revenue 5.3% · PAT 87.5% · OPM change 3 pp 71% evidence	10.2/25 ROCE 4.8% · OPM 13% 95% evidence	10.2/20 P/E 39.6× · PEG — 15% evidence	20.0/20 RS sector 17.7% · RS bench 22.5% · 1Y 10.8%5 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 10.2 + 10.2 + 20 = 56.6 · Decision use: Price leads the evidence: RS versus the benchmark is 22.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Navkar Corporation LtdNAVKARCORP	52.7/100Mixed-positive evidence81% evidence	ASLEEP	31.2/35 Revenue 46% · PAT 100% · OPM change 2 pp 95% evidence	8.1/25 ROCE 3.1% · OPM 17% 95% evidence	7.8/20 P/E 35.2× · PEG — 50% evidence	5.6/20 RS sector -10.7% · RS bench -6.8% · 1Y -19.1%1 of 10 weeks ahead 70% evidence
Exact sum: 31.2 + 8.1 + 7.8 + 5.6 = 52.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10.7% and the one-year return is -19.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Mahindra Logistics LtdMAHLOG	50.7/100Mixed-positive evidence67% evidence	BREAKING OUT	19.3/35 Revenue 16.9% · PAT 100% · OPM change 1.3 pp 71% evidence	7.7/25 ROCE 7.4% · OPM 6% 76% evidence	9.4/20 P/E 100× · PEG — 15% evidence	14.3/20 RS sector 5.6% · RS bench 10.2% · 1Y 23.9%6 of 12 weeks ahead 100% evidence
Exact sum: 19.3 + 7.7 + 9.4 + 14.3 = 50.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5TVS Supply Chain Solutions LtdTVSSCS	50.4/100Mixed-positive evidence77% evidence	FADING	21.0/35 Revenue 16.9% · PAT 24.1% · OPM change 0 pp 100% evidence	10.0/25 ROCE 10.1% · OPM 7% 100% evidence	9.8/20 P/E 81.2× · PEG — 15% evidence	9.6/20 RS sector -5% · RS bench 10.7% · 1Y -0.7%6 of 10 weeks ahead 70% evidence
Exact sum: 21 + 10 + 9.8 + 9.6 = 50.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6TCI Express LtdTCIEXP	40.5/100Mixed-negative evidence81% evidence	FADING	8.8/35 Revenue 5.2% · PAT 0% · OPM change 0 pp 95% evidence	13.8/25 ROCE 13.8% · OPM 10% 95% evidence	13.6/20 P/E 23.6× · PEG — 50% evidence	4.3/20 RS sector -14% · RS bench -7.9% · 1Y -28.7%5 of 10 weeks ahead 70% evidence
Exact sum: 8.8 + 13.8 + 13.6 + 4.3 = 40.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7Snowman Logistics LtdSNOWMAN	35.8/100Mixed-negative evidence80% evidence	BASING	13.3/35 Revenue 7.7% · PAT -17.6% · OPM change 1.1 pp 95% evidence	12.3/25 ROCE 3.8% · OPM 16.1% 95% evidence	8.9/20 P/E 255× · PEG — 15% evidence	1.3/20 RS sector -14.6% · RS bench -11.1% · 1Y -32.4%1 of 12 weeks ahead 100% evidence
Exact sum: 13.3 + 12.3 + 8.9 + 1.3 = 35.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Delhivery LtdDELHIVERY	23.4/100Adverse evidence93% evidence	TURNING	11.8/35 Revenue 23.1% · PAT -52.8% · OPM change -1.2 pp 100% evidence	2.4/25 ROCE 1% · OPM 4.8% 100% evidence	3.5/20 P/E 276× · PEG 3.8 65% evidence	5.7/20 RS sector -4.6% · RS bench -0.4% · 1Y -6.3%2 of 12 weeks ahead 100% evidence
Exact sum: 11.8 + 2.4 + 3.5 + 5.7 = 23.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

05 · what price has already done

Market action

Mahindra Logistics Ltd has the strongest one-year price move in Logistics - Warehousing/Supply Chain at +23.9%. Allcargo Logistics Ltd leads on Mansfield relative strength against NIFTY at +22.5%. 4 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Logistics - Warehousing/Supply Chain — the story behind the numbers

This is the written read behind the Logistics - Warehousing/Supply Chain figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 5 themes are live here.

The logistics sector is in a sweet spot of operating leverage and deleveraging. While labor compliance costs and localized pricing pressures warrant monitoring, the aggressive shedding of unprofitable routes and the stabilization of fixed costs make the sector highly attractive.

The logistics and warehousing sector is experiencing a clear recovery, characterized by 18-19% top-line growth for key players and a return to profitability. DELHIVERY reported a 340% YoY PAT expansion to ₹110 Cr, while MAHLOG turned profitable after 11 consecutive quarters of losses, posting a PAT of INR 3.3 crores.

How old this read is: STALE — this read comes from our Logistics - Warehousing/Supply Chain sector brief dated 17 Apr 2026, about 5 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Live theme	Severity	Evidence on file
Fuel costs remain a major expense, currently at 24.8% of total income, with volatility directly impacting margins.Named for VRLLOG	medium	“Fuel cost as a percentage of total income declined to 24.8% from 26.4%, aided by increased bulk procurement from refineries.” Increased bulk procurement from refineries (40% of sourcing) and expanding captive fuel pump networks.
Pricing pressures in last-mile delivery and potential service instability if network utilization surges too rapidly.Named for DELHIVERY, MAHLOG, VRLLOG	medium	“In our last mile delivery business, revenue and gross margin declined due to pricing pressures.” Exiting unviable customers and prioritizing service quality over short-term profit spikes.
The new Labour Code is increasing compliance burdens and impacting retiral benefits.Named for MAHLOG, VRLLOG	medium	“estimated the incremental impact on retiral benefits to be INR7.36 crores in the consolidated results.” Adjusted in reported PAT as an exceptional item; existing salary structures already aligned for some.
Industry-wide shortage of skilled drivers and new gig worker codes are driving up employee costs and incentives.Named for DELHIVERY, VRLLOG	medium	“The employee cost as a percentage of total income increased from 16.6% in Q3 FY '25 to 18.1% in Q3 FY '26 on account of annual increment.” Viewed as an investment in on-roll driver models; recurring impacts factored into corporate overheads.
Global uncertainties across trade lanes are affecting freight forwarding volumes.Named for MAHLOG	low	“I must add here that this is in spite of huge global uncertainties across the trade lanes.” Diversified customer base and improved trade flows.

Sources: our Logistics - Warehousing/Supply Chain sector brief, 17 Apr 2026 · company earnings-call transcripts.

07 · compare level, then change

Revenue Scale & Growth Durability

TVS Supply Chain Solutions Ltd has the highest Revenue among the 8 Logistics - Warehousing/Supply Chain companies compared here, at ₹11,746 crore. Delhivery Ltd is next at ₹11,145 crore. Navkar Corporation Ltd has the highest Revenue growth at 46%, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: TVS Supply Chain Solutions Ltd is the scale leader at ₹11,746 crore, 5.4% ahead of Delhivery Ltd. Navkar Corporation Ltd's growth is 46% from a ₹740 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderTVS Supply Chain Solutions Ltd · ₹11,746 crore

Gap5.4% versus #2 · Delhivery Ltd

Persistence8/8 recent comparable periods

Coverage8/8 companies · 131 observations

Investor read: TVS Supply Chain Solutions Ltd is the scale benchmark; Navkar Corporation Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: TVS Supply Chain Solutions Ltd's growth falls below Navkar Corporation Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1TVS Supply Chain Solutions Ltd TVSSCS₹11.7K Cr

2Delhivery Ltd DELHIVERY₹11.1K Cr

3Mahindra Logistics Ltd MAHLOG₹7.4K Cr

4VRL Logistics Ltd VRLLOG₹3.4K Cr

5Allcargo Logistics Ltd ALLCARGO⚠ unverified₹2.1K Cr

Revenue growthfastest growers

1Navkar Corporation Ltd NAVKARCORP⚠ unverified46%

2Delhivery Ltd DELHIVERY23%

3Mahindra Logistics Ltd MAHLOG17%

4TVS Supply Chain Solutions Ltd TVSSCS17%

5Snowman Logistics Ltd SNOWMAN7.7%

Revenue · company comparison

8/8 level · 8/8 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
TVS Supply Chain Solutions Ltd TVSSCS	₹3.3K Cr	29%	Jun 2026
Delhivery Ltd DELHIVERY	₹2.9K Cr	28%	Jun 2026
Mahindra Logistics Ltd MAHLOG	₹2.0K Cr	23%	Jun 2026
VRL Logistics Ltd VRLLOG	₹879 Cr	18%	Jun 2026
Allcargo Logistics Ltd ALLCARGO⚠ unverified	₹546 Cr	11%	Jun 2026
TCI Express Ltd TCIEXP⚠ unverified	₹313 Cr	9.1%	Jun 2026
Navkar Corporation Ltd NAVKARCORP⚠ unverified	₹191 Cr	38%	Jun 2026
Snowman Logistics Ltd SNOWMAN	₹178 Cr	9.2%	Jun 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4.1K Cr

Mar 2023₹3.4K Cr

Jun 2023₹3.3K Cr

Sep 2023₹3.3K Cr

Dec 2023₹3.2K Cr

Mar 2024₹3.3K Cr

Jun 2024₹3.8K Cr

Sep 2024₹483 Cr

Dec 2024₹519 Cr

Mar 2025₹513 Cr

Jun 2025₹491 Cr

Sep 2025₹537 Cr

Dec 2025₹516 Cr

Mar 2026₹514 Cr

Jun 2026₹546 Cr

Delhivery Ltd · DELHIVERY

Sep 2021₹1.5K Cr

Dec 2021₹2.0K Cr

Mar 2022₹2.1K Cr

Jun 2022₹1.7K Cr

Sep 2022₹1.8K Cr

Dec 2022₹1.8K Cr

Mar 2023₹1.9K Cr

Jun 2023₹1.9K Cr

Sep 2023₹1.9K Cr

Dec 2023₹2.2K Cr

Mar 2024₹2.1K Cr

Jun 2024₹2.2K Cr

Sep 2024₹2.2K Cr

Dec 2024₹2.4K Cr

Mar 2025₹2.2K Cr

Jun 2025₹2.3K Cr

Sep 2025₹2.6K Cr

Dec 2025₹2.8K Cr

Mar 2026₹2.9K Cr

Jun 2026₹2.9K Cr

Mahindra Logistics Ltd · MAHLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹1.3K Cr

Mar 2023₹1.3K Cr

Jun 2023₹1.3K Cr

Sep 2023₹1.4K Cr

Dec 2023₹1.4K Cr

Mar 2024₹1.5K Cr

Jun 2024₹1.4K Cr

Sep 2024₹1.5K Cr

Dec 2024₹1.6K Cr

Mar 2025₹1.6K Cr

Jun 2025₹1.6K Cr

Sep 2025₹1.7K Cr

Dec 2025₹1.9K Cr

Mar 2026₹1.8K Cr

Jun 2026₹2.0K Cr

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹106 Cr

Sep 2023₹95 Cr

Dec 2023₹117 Cr

Mar 2024₹118 Cr

Jun 2024₹118 Cr

Sep 2024₹136 Cr

Dec 2024₹129 Cr

Mar 2025₹104 Cr

Jun 2025₹138 Cr

Sep 2025₹162 Cr

Dec 2025₹186 Cr

Mar 2026₹201 Cr

Jun 2026₹191 Cr

Snowman Logistics Ltd · SNOWMAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹109 Cr

Mar 2023₹112 Cr

Jun 2023₹129 Cr

Sep 2023₹124 Cr

Dec 2023₹124 Cr

Mar 2024₹127 Cr

Jun 2024₹140 Cr

Sep 2024₹143 Cr

Dec 2024₹132 Cr

Mar 2025₹137 Cr

Jun 2025₹163 Cr

Sep 2025₹156 Cr

Dec 2025₹144 Cr

Mar 2026₹142 Cr

Jun 2026₹178 Cr

TCI Express Ltd · TCIEXP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹326 Cr

Jun 2023₹305 Cr

Sep 2023₹320 Cr

Dec 2023₹312 Cr

Mar 2024₹317 Cr

Jun 2024₹293 Cr

Sep 2024₹312 Cr

Dec 2024₹296 Cr

Mar 2025₹307 Cr

Jun 2025₹287 Cr

Sep 2025₹309 Cr

Dec 2025₹314 Cr

Mar 2026₹328 Cr

Jun 2026₹313 Cr

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021₹2.1K Cr

Dec 2021₹2.5K Cr

Mar 2022₹2.6K Cr

Jun 2022₹2.7K Cr

Sep 2022₹448 Cr

Dec 2022₹2.4K Cr

Mar 2023₹2.3K Cr

Jun 2023₹2.3K Cr

Sep 2023₹2.3K Cr

Dec 2023₹2.2K Cr

Mar 2024₹2.4K Cr

Jun 2024₹2.5K Cr

Sep 2024₹2.5K Cr

Dec 2024₹2.4K Cr

Mar 2025₹2.5K Cr

Jun 2025₹2.6K Cr

Sep 2025₹2.7K Cr

Dec 2025₹2.7K Cr

Mar 2026₹3.0K Cr

Jun 2026₹3.3K Cr

VRL Logistics Ltd · VRLLOG

Sep 2021₹636 Cr

Dec 2021₹678 Cr

Mar 2022—

Jun 2022₹720 Cr

Sep 2022₹733 Cr

Dec 2022₹682 Cr

Mar 2023₹698 Cr

Jun 2023₹674 Cr

Sep 2023₹709 Cr

Dec 2023₹737 Cr

Mar 2024₹768 Cr

Jun 2024₹727 Cr

Sep 2024₹799 Cr

Dec 2024₹825 Cr

Mar 2025₹809 Cr

Jun 2025₹744 Cr

Sep 2025₹797 Cr

Dec 2025₹827 Cr

Mar 2026₹853 Cr

Jun 2026₹879 Cr

Revenue growth · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-22%

Mar 2024-1.4%

Jun 202415%

Sep 2024-85%

Dec 2024-84%

Mar 2025-85%

Jun 2025-87%

Sep 202511%

Dec 2025-0.6%

Mar 20260.2%

Jun 202611%

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202232%

Sep 202220%

Dec 2022-8.6%

Mar 2023-10%

Jun 202311%

Sep 20238.1%

Dec 202320%

Mar 202412%

Jun 202413%

Sep 202413%

Dec 20248.4%

Mar 20255.6%

Jun 20255.6%

Sep 202517%

Dec 202518%

Mar 202630%

Jun 202628%

Mahindra Logistics Ltd · MAHLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20235.1%

Mar 202414%

Jun 20249.8%

Sep 202411%

Dec 202414%

Mar 20258.2%

Jun 202514%

Sep 202511%

Dec 202519%

Mar 202614%

Jun 202623%

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202411%

Sep 202443%

Dec 202410%

Mar 2025-12%

Jun 202517%

Sep 202519%

Dec 202544%

Mar 202693%

Jun 202638%

Snowman Logistics Ltd · SNOWMAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202313%

Mar 202413%

Jun 20248.9%

Sep 202416%

Dec 20246.3%

Mar 20258.3%

Jun 202516%

Sep 20258.5%

Dec 20259.0%

Mar 20263.9%

Jun 20269.2%

TCI Express Ltd · TCIEXP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-2.8%

Jun 2024-3.9%

Sep 2024-2.5%

Dec 2024-5.1%

Mar 2025-3.2%

Jun 2025-2.1%

Sep 2025-1.0%

Dec 20256.1%

Mar 20266.8%

Jun 20269.1%

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202226%

Sep 2022-79%

Dec 2022-3.4%

Mar 2023-9.1%

Jun 2023-14%

Sep 2023405%

Dec 2023-6.4%

Mar 20244.5%

Jun 202411%

Sep 202411%

Dec 202410%

Mar 20253.0%

Jun 20252.1%

Sep 20256.0%

Dec 202511%

Mar 202621%

Jun 202629%

VRL Logistics Ltd · VRLLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202274%

Sep 202215%

Dec 20220.6%

Mar 2023—

Jun 2023-6.4%

Sep 2023-3.3%

Dec 20238.1%

Mar 202410%

Jun 20247.9%

Sep 202413%

Dec 202412%

Mar 20255.3%

Jun 20252.3%

Sep 2025-0.3%

Dec 20250.2%

Mar 20265.4%

Jun 202618%

08 · compare level, then change

Operating Economics & Margin Trend

VRL Logistics Ltd has the highest OPM among the 8 Logistics - Warehousing/Supply Chain companies compared here, at 21%. Navkar Corporation Ltd is next at 17%. Allcargo Logistics Ltd has the highest Margin change at +3 percentage points, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: VRL Logistics Ltd leads opm at 21%; Allcargo Logistics Ltd leads margin change at +3 percentage points.

LeaderVRL Logistics Ltd · 21%

Gap23.5% versus #2 · Navkar Corporation Ltd

Persistence7/8 recent comparable periods

Coverage8/8 companies · 160 observations

Investor read: VRL Logistics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1VRL Logistics Ltd VRLLOG21%

2Navkar Corporation Ltd NAVKARCORP⚠ unverified17%

3Snowman Logistics Ltd SNOWMAN16%

4Allcargo Logistics Ltd ALLCARGO⚠ unverified13%

5TCI Express Ltd TCIEXP⚠ unverified10%

Margin changefastest expanders

1Allcargo Logistics Ltd ALLCARGO⚠ unverified+3.0 pp

2Navkar Corporation Ltd NAVKARCORP⚠ unverified+2.0 pp

3Mahindra Logistics Ltd MAHLOG+1.3 pp

4Snowman Logistics Ltd SNOWMAN+1.1 pp

5VRL Logistics Ltd VRLLOG+1.0 pp

Operating margin · company comparison

8/8 level · 8/8 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
VRL Logistics Ltd VRLLOG	21%	+1.0 pp	Jun 2026
Navkar Corporation Ltd NAVKARCORP⚠ unverified	17%	+2.0 pp	Jun 2026
Snowman Logistics Ltd SNOWMAN	16%	+1.1 pp	Jun 2026
Allcargo Logistics Ltd ALLCARGO⚠ unverified	13%	+3.0 pp	Jun 2026
TCI Express Ltd TCIEXP⚠ unverified	10%	0.0 pp	Jun 2026
TVS Supply Chain Solutions Ltd TVSSCS	7.0%	0.0 pp	Jun 2026
Mahindra Logistics Ltd MAHLOG	6.0%	+1.3 pp	Jun 2026
Delhivery Ltd DELHIVERY	4.8%	−1.2 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 20217.3%

Dec 20217.8%

Mar 20227.1%

Jun 20226.6%

Sep 20227.4%

Dec 20226.0%

Mar 20234.1%

Jun 20234.2%

Sep 20233.6%

Dec 20233.1%

Mar 20242.9%

Jun 20243.5%

Sep 202410%

Dec 202412%

Mar 20258.0%

Jun 202510%

Sep 202512%

Dec 202512%

Mar 202612%

Jun 202613%

Delhivery Ltd · DELHIVERY

Sep 2021-35%

Dec 20212.7%

Mar 20222.9%

Jun 2022-15%

Sep 2022-7.7%

Dec 2022-4.0%

Mar 20230.7%

Jun 2023-0.7%

Sep 2023-0.8%

Dec 20234.8%

Mar 20242.2%

Jun 20244.4%

Sep 20242.3%

Dec 20244.2%

Mar 20255.0%

Jun 20256.0%

Sep 20252.7%

Dec 20257.0%

Mar 20268.0%

Jun 20264.8%

Mahindra Logistics Ltd · MAHLOG

Sep 20214.5%

Dec 20214.0%

Mar 20224.7%

Jun 20225.5%

Sep 20225.1%

Dec 20224.7%

Mar 20235.0%

Jun 20235.0%

Sep 20233.9%

Dec 20233.7%

Mar 20243.9%

Jun 20244.7%

Sep 20244.4%

Dec 20244.6%

Mar 20255.0%

Jun 20254.7%

Sep 20255.0%

Dec 20255.0%

Mar 20266.0%

Jun 20266.0%

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 202119%

Dec 202123%

Mar 202222%

Jun 202222%

Sep 202226%

Dec 202213%

Mar 202317%

Jun 202315%

Sep 202315%

Dec 202311%

Mar 202416%

Jun 20241.8%

Sep 202413%

Dec 20246.0%

Mar 2025-18%

Jun 202515%

Sep 202515%

Dec 202518%

Mar 202620%

Jun 202617%

Snowman Logistics Ltd · SNOWMAN

Sep 202126%

Dec 202125%

Mar 202222%

Jun 202223%

Sep 202221%

Dec 202222%

Mar 202319%

Jun 202319%

Sep 202319%

Dec 202321%

Mar 202421%

Jun 202417%

Sep 202415%

Dec 202415%

Mar 202518%

Jun 202515%

Sep 202513%

Dec 202516%

Mar 202617%

Jun 202616%

TCI Express Ltd · TCIEXP⚠ unverified

Sep 202117%

Dec 202116%

Mar 202217%

Jun 202215%

Sep 202217%

Dec 202215%

Mar 202317%

Jun 202315%

Sep 202316%

Dec 202315%

Mar 202414%

Jun 202411%

Sep 202412%

Dec 202410%

Mar 20259.0%

Jun 202510%

Sep 202511%

Dec 202510%

Mar 202610%

Jun 202610%

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 20216.3%

Dec 20212.2%

Mar 20222.3%

Jun 20225.9%

Sep 2022-5.0%

Dec 20227.0%

Mar 20237.0%

Jun 20237.0%

Sep 20238.0%

Dec 20237.0%

Mar 20247.0%

Jun 20247.0%

Sep 20248.0%

Dec 20246.0%

Mar 20257.0%

Jun 20257.0%

Sep 20257.0%

Dec 20258.0%

Mar 20267.0%

Jun 20267.0%

VRL Logistics Ltd · VRLLOG

Sep 202118%

Dec 202120%

Mar 202219%

Jun 202215%

Sep 202214%

Dec 202215%

Mar 202316%

Jun 202315%

Sep 202313%

Dec 202313%

Mar 202414%

Jun 202412%

Sep 202417%

Dec 202420%

Mar 202523%

Jun 202520%

Sep 202519%

Dec 202521%

Mar 202621%

Jun 202621%

Margin change · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 2021+0.3 pp

Dec 2021+2.4 pp

Mar 2022+1.4 pp

Jun 2022+0.3 pp

Sep 2022+0.1 pp

Dec 2022−1.8 pp

Mar 2023−3.0 pp

Jun 2023−2.4 pp

Sep 2023−3.8 pp

Dec 2023−2.9 pp

Mar 2024−1.2 pp

Jun 2024−0.7 pp

Sep 2024+6.4 pp

Dec 2024+8.9 pp

Mar 2025+5.1 pp

Jun 2025+6.5 pp

Sep 2025+2.0 pp

Dec 20250.0 pp

Mar 2026+4.0 pp

Jun 2026+3.0 pp

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021—

Mar 2022+5.2 pp

Jun 2022−9.1 pp

Sep 2022+26.9 pp

Dec 2022−6.7 pp

Mar 2023−2.2 pp

Jun 2023+13.9 pp

Sep 2023+6.9 pp

Dec 2023+8.8 pp

Mar 2024+1.5 pp

Jun 2024+5.1 pp

Sep 2024+3.1 pp

Dec 2024−0.6 pp

Mar 2025+2.8 pp

Jun 2025+1.6 pp

Sep 2025+0.4 pp

Dec 2025+2.8 pp

Mar 2026+3.0 pp

Jun 2026−1.2 pp

Mahindra Logistics Ltd · MAHLOG

Sep 2021+0.1 pp

Dec 2021−1.1 pp

Mar 2022−0.0 pp

Jun 2022+0.9 pp

Sep 2022+0.6 pp

Dec 2022+0.7 pp

Mar 2023+0.3 pp

Jun 2023−0.5 pp

Sep 2023−1.2 pp

Dec 2023−1.0 pp

Mar 2024−1.1 pp

Jun 2024−0.3 pp

Sep 2024+0.5 pp

Dec 2024+0.9 pp

Mar 2025+1.1 pp

Jun 20250.0 pp

Sep 2025+0.6 pp

Dec 2025+0.4 pp

Mar 2026+1.0 pp

Jun 2026+1.3 pp

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 2021−6.8 pp

Dec 2021−1.8 pp

Mar 2022+3.0 pp

Jun 2022−0.9 pp

Sep 2022+7.2 pp

Dec 2022−10.2 pp

Mar 2023−5.1 pp

Jun 2023−6.5 pp

Sep 2023−11.4 pp

Dec 2023−1.5 pp

Mar 2024−1.0 pp

Jun 2024−13.2 pp

Sep 2024−2.0 pp

Dec 2024−5.0 pp

Mar 2025−34.0 pp

Jun 2025+13.2 pp

Sep 2025+2.0 pp

Dec 2025+12.0 pp

Mar 2026+38.0 pp

Jun 2026+2.0 pp

Snowman Logistics Ltd · SNOWMAN

Sep 2021+0.0 pp

Dec 2021−2.6 pp

Mar 2022−4.5 pp

Jun 2022−2.5 pp

Sep 2022−4.4 pp

Dec 2022−3.2 pp

Mar 2023−2.4 pp

Jun 2023−4.2 pp

Sep 2023−1.9 pp

Dec 2023−0.5 pp

Mar 2024+2.0 pp

Jun 2024−2.1 pp

Sep 2024−4.0 pp

Dec 2024−6.2 pp

Mar 2025−3.8 pp

Jun 2025−1.8 pp

Sep 2025−2.5 pp

Dec 2025+0.9 pp

Mar 2026−0.8 pp

Jun 2026+1.1 pp

TCI Express Ltd · TCIEXP⚠ unverified

Sep 2021+1.3 pp

Dec 2021−0.8 pp

Mar 2022−2.6 pp

Jun 2022+0.3 pp

Sep 2022+0.1 pp

Dec 2022−1.8 pp

Mar 2023+0.2 pp

Jun 2023+0.3 pp

Sep 2023−0.6 pp

Dec 2023+0.3 pp

Mar 2024−3.0 pp

Jun 2024−4.0 pp

Sep 2024−4.0 pp

Dec 2024−5.0 pp

Mar 2025−5.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 20250.0 pp

Mar 2026+1.0 pp

Jun 20260.0 pp

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+4.2 pp

Sep 2022−11.3 pp

Dec 2022+4.8 pp

Mar 2023+4.7 pp

Jun 2023+1.1 pp

Sep 2023+13.0 pp

Dec 20230.0 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 2024−1.0 pp

Mar 20250.0 pp

Jun 20250.0 pp

Sep 2025−1.0 pp

Dec 2025+2.0 pp

Mar 20260.0 pp

Jun 20260.0 pp

VRL Logistics Ltd · VRLLOG

Sep 2021−2.0 pp

Dec 2021+2.0 pp

Mar 2022+3.4 pp

Jun 2022+6.2 pp

Sep 2022−3.6 pp

Dec 2022−4.5 pp

Mar 2023−3.4 pp

Jun 2023+0.1 pp

Sep 2023−1.2 pp

Dec 2023−2.0 pp

Mar 2024−2.0 pp

Jun 2024−3.0 pp

Sep 2024+4.0 pp

Dec 2024+7.0 pp

Mar 2025+9.0 pp

Jun 2025+8.0 pp

Sep 2025+2.0 pp

Dec 2025+1.0 pp

Mar 2026−2.0 pp

Jun 2026+1.0 pp

09 · compare level, then change

Profit Scale & Acceleration

VRL Logistics Ltd has the highest Net profit among the 8 Logistics - Warehousing/Supply Chain companies compared here, at ₹268 crore. Delhivery Ltd is next at ₹94 crore. Navkar Corporation Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: VRL Logistics Ltd leads with ₹268 crore of TTM profit, 185.1% above Delhivery Ltd. Navkar Corporation Ltd shows ≥100% on the scoring scale growth from a ₹39 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderVRL Logistics Ltd · ₹268 crore

Gap185.1% versus #2 · Delhivery Ltd

Persistence7/8 recent comparable periods

Coverage8/8 companies · 131 observations

Investor read: VRL Logistics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1VRL Logistics Ltd VRLLOG₹268 Cr

2Delhivery Ltd DELHIVERY₹94 Cr

3TCI Express Ltd TCIEXP⚠ unverified₹82 Cr

4TVS Supply Chain Solutions Ltd TVSSCS₹67 Cr

5Mahindra Logistics Ltd MAHLOG₹48 Cr

Profit growthfastest growers

1Navkar Corporation Ltd NAVKARCORP⚠ unverified100%

2TVS Supply Chain Solutions Ltd TVSSCS24%

3VRL Logistics Ltd VRLLOG22%

4TCI Express Ltd TCIEXP⚠ unverified0.0%

5Snowman Logistics Ltd SNOWMAN-18%

Net profit · company comparison

8/8 level · 6/8 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
VRL Logistics Ltd VRLLOG	₹81 Cr	62%	Jun 2026
Delhivery Ltd DELHIVERY	₹32 Cr	-65%	Jun 2026
Mahindra Logistics Ltd MAHLOG	₹28 Cr	-1,632%	Jun 2026
TVS Supply Chain Solutions Ltd TVSSCS	₹22 Cr	-69%	Jun 2026
TCI Express Ltd TCIEXP⚠ unverified	₹20 Cr	5.3%	Jun 2026
Allcargo Logistics Ltd ALLCARGO⚠ unverified	₹14 Cr	-20%	Jun 2026
Navkar Corporation Ltd NAVKARCORP⚠ unverified	₹12 Cr	500%	Jun 2026
Snowman Logistics Ltd SNOWMAN	₹5 Cr	79%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹146 Cr

Mar 2023₹52 Cr

Jun 2023₹119 Cr

Sep 2023₹16 Cr

Dec 2023₹17 Cr

Mar 2024₹-12 Cr

Jun 2024₹4 Cr

Sep 2024₹14 Cr

Dec 2024₹-6 Cr

Mar 2025₹25 Cr

Jun 2025₹-9 Cr

Sep 2025₹9 Cr

Dec 2025₹2 Cr

Mar 2026₹20 Cr

Jun 2026₹14 Cr

Delhivery Ltd · DELHIVERY

Sep 2021₹-635 Cr

Dec 2021₹-127 Cr

Mar 2022₹-120 Cr

Jun 2022₹-399 Cr

Sep 2022₹-254 Cr

Dec 2022₹-196 Cr

Mar 2023₹-159 Cr

Jun 2023₹-89 Cr

Sep 2023₹-103 Cr

Dec 2023₹12 Cr

Mar 2024₹-68 Cr

Jun 2024₹54 Cr

Sep 2024₹10 Cr

Dec 2024₹25 Cr

Mar 2025₹73 Cr

Jun 2025₹91 Cr

Sep 2025₹-50 Cr

Dec 2025₹40 Cr

Mar 2026₹72 Cr

Jun 2026₹32 Cr

Mahindra Logistics Ltd · MAHLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹1 Cr

Mar 2023₹-1 Cr

Jun 2023₹-8 Cr

Sep 2023₹-16 Cr

Dec 2023₹-17 Cr

Mar 2024₹-12 Cr

Jun 2024₹-8 Cr

Sep 2024₹-10 Cr

Dec 2024₹-7 Cr

Mar 2025₹-5 Cr

Jun 2025₹-9 Cr

Sep 2025₹-8 Cr

Dec 2025₹6 Cr

Mar 2026₹22 Cr

Jun 2026₹28 Cr

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹4 Cr

Sep 2023₹2 Cr

Dec 2023₹-15 Cr

Mar 2024₹7 Cr

Jun 2024₹-13 Cr

Sep 2024₹-2 Cr

Dec 2024₹-11 Cr

Mar 2025₹-19 Cr

Jun 2025₹2 Cr

Sep 2025₹4 Cr

Dec 2025₹9 Cr

Mar 2026₹14 Cr

Jun 2026₹12 Cr

Snowman Logistics Ltd · SNOWMAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4 Cr

Mar 2023₹5 Cr

Jun 2023₹3 Cr

Sep 2023₹3 Cr

Dec 2023₹4 Cr

Mar 2024₹2 Cr

Jun 2024₹2 Cr

Sep 2024₹1 Cr

Dec 2024₹-1 Cr

Mar 2025₹4 Cr

Jun 2025₹3 Cr

Sep 2025₹-3 Cr

Dec 2025₹-2 Cr

Mar 2026₹6 Cr

Jun 2026₹5 Cr

TCI Express Ltd · TCIEXP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹38 Cr

Jun 2023₹32 Cr

Sep 2023₹36 Cr

Dec 2023₹32 Cr

Mar 2024₹32 Cr

Jun 2024₹22 Cr

Sep 2024₹25 Cr

Dec 2024₹19 Cr

Mar 2025₹19 Cr

Jun 2025₹19 Cr

Sep 2025₹24 Cr

Dec 2025₹22 Cr

Mar 2026₹16 Cr

Jun 2026₹20 Cr

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021₹-29 Cr

Dec 2021₹-5 Cr

Mar 2022₹18 Cr

Jun 2022₹-2 Cr

Sep 2022₹-53 Cr

Dec 2022₹16 Cr

Mar 2023₹-12 Cr

Jun 2023₹-65 Cr

Sep 2023₹-41 Cr

Dec 2023₹10 Cr

Mar 2024₹5 Cr

Jun 2024₹7 Cr

Sep 2024₹11 Cr

Dec 2024₹-24 Cr

Mar 2025₹-4 Cr

Jun 2025₹71 Cr

Sep 2025₹16 Cr

Dec 2025₹11 Cr

Mar 2026₹18 Cr

Jun 2026₹22 Cr

VRL Logistics Ltd · VRLLOG

Sep 2021₹49 Cr

Dec 2021₹60 Cr

Mar 2022—

Jun 2022₹49 Cr

Sep 2022₹31 Cr

Dec 2022₹49 Cr

Mar 2023₹193 Cr

Jun 2023₹34 Cr

Sep 2023₹20 Cr

Dec 2023₹14 Cr

Mar 2024₹22 Cr

Jun 2024₹13 Cr

Sep 2024₹36 Cr

Dec 2024₹59 Cr

Mar 2025₹74 Cr

Jun 2025₹50 Cr

Sep 2025₹50 Cr

Dec 2025₹65 Cr

Mar 2026₹72 Cr

Jun 2026₹81 Cr

Profit growth · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-88%

Mar 2024-123%

Jun 2024-97%

Sep 2024-13%

Dec 2024-135%

Mar 2025—

Jun 2025-325%

Sep 2025-36%

Dec 2025—

Mar 2026-20%

Jun 2026—

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024108%

Mar 2025—

Jun 202569%

Sep 2025-600%

Dec 202560%

Mar 2026-1.4%

Jun 2026-65%

Mahindra Logistics Ltd · MAHLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-1,632%

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-425%

Sep 2024-200%

Dec 2024—

Mar 2025-371%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026500%

Snowman Logistics Ltd · SNOWMAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202314%

Mar 2024-58%

Jun 2024-47%

Sep 2024-79%

Dec 2024-114%

Mar 202581%

Jun 202542%

Sep 2025-577%

Dec 2025—

Mar 202642%

Jun 202679%

TCI Express Ltd · TCIEXP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-16%

Jun 2024-31%

Sep 2024-31%

Dec 2024-41%

Mar 2025-41%

Jun 2025-14%

Sep 2025-4.0%

Dec 202516%

Mar 2026-16%

Jun 20265.3%

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023-167%

Jun 2023—

Sep 2023—

Dec 2023-38%

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024-340%

Mar 2025-180%

Jun 2025914%

Sep 202545%

Dec 2025—

Mar 2026—

Jun 2026-69%

VRL Logistics Ltd · VRLLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-37%

Dec 2022-18%

Mar 2023—

Jun 2023-31%

Sep 2023-35%

Dec 2023-71%

Mar 2024-89%

Jun 2024-62%

Sep 202480%

Dec 2024321%

Mar 2025236%

Jun 2025285%

Sep 202539%

Dec 202510%

Mar 2026-2.7%

Jun 202662%

10 · compare level, then change

Return On Capital Employed

VRL Logistics Ltd has the highest ROCE among the 8 Logistics - Warehousing/Supply Chain companies compared here, at 18.3%. TCI Express Ltd is next at 13.8%. Navkar Corporation Ltd has the highest ROCE change at +4.8 percentage points, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: VRL Logistics Ltd leads ROCE at 18.3%, 4.5 percentage points above TCI Express Ltd. Navkar Corporation Ltd has the strongest latest improvement at +4.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderVRL Logistics Ltd · 18.3%

Gap32.6% versus #2 · TCI Express Ltd

Persistence5/8 recent comparable periods

Coverage8/8 companies · 88 observations

Investor read: VRL Logistics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1VRL Logistics Ltd VRLLOG18%

2TCI Express Ltd TCIEXP⚠ unverified14%

3TVS Supply Chain Solutions Ltd TVSSCS10%

4Mahindra Logistics Ltd MAHLOG7.4%

5Allcargo Logistics Ltd ALLCARGO⚠ unverified4.8%

ROCE changefastest improvers

1Navkar Corporation Ltd NAVKARCORP⚠ unverified+4.8 pp

2VRL Logistics Ltd VRLLOG+4.1 pp

3TVS Supply Chain Solutions Ltd TVSSCS+2.2 pp

4Delhivery Ltd DELHIVERY+1.0 pp

5Mahindra Logistics Ltd MAHLOG+1.0 pp

Return on capital · company comparison

8/8 level · 8/8 change

Withheld from this chart: Mahindra Logistics Ltd (MAHLOG) — its two data sources disagree by up to 38% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
VRL Logistics Ltd VRLLOG	19%	+4.1 pp	Jun 2026
TCI Express Ltd TCIEXP⚠ unverified	12%	−1.9 pp	Jun 2026
TVS Supply Chain Solutions Ltd TVSSCS	7.3%	+2.2 pp	Jun 2026
Navkar Corporation Ltd NAVKARCORP⚠ unverified	3.7%	+4.8 pp	Jun 2026
Allcargo Logistics Ltd ALLCARGO⚠ unverified	1.0%	−1.6 pp	Jun 2026
Delhivery Ltd DELHIVERY	-0.5%	+1.0 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 202114%

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202221%

Dec 2022—

Mar 202324%

Jun 2023—

Sep 20238.3%

Dec 20237.7%

Mar 20247.5%

Jun 20243.8%

Sep 20241.7%

Dec 20242.4%

Mar 20252.6%

Jun 20251.9%

Sep 20251.6%

Dec 20251.9%

Mar 20261.0%

Jun 2026—

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021-11%

Mar 2022-11%

Jun 2022—

Sep 2022-10%

Dec 2022—

Mar 2023-13%

Jun 2023—

Sep 2023-8.6%

Dec 2023-2.7%

Mar 2024-5.9%

Jun 20240.0%

Sep 2024-3.1%

Dec 20241.3%

Mar 2025-1.5%

Jun 20253.2%

Sep 2025-1.5%

Dec 20252.7%

Mar 2026-0.5%

Jun 2026—

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 20215.7%

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20225.8%

Dec 2022—

Mar 20234.7%

Jun 2023—

Sep 20231.3%

Dec 2023—

Mar 20241.2%

Jun 2024-0.1%

Sep 20240.4%

Dec 2024-0.4%

Mar 2025-2.0%

Jun 2025-1.1%

Sep 2025-0.8%

Dec 20250.3%

Mar 20263.1%

Jun 20263.7%

TCI Express Ltd · TCIEXP⚠ unverified

Sep 202135%

Dec 2021—

Mar 202231%

Jun 2022—

Sep 202230%

Dec 2022—

Mar 202330%

Jun 2023—

Sep 202327%

Dec 202329%

Mar 202424%

Jun 202424%

Sep 202419%

Dec 202418%

Mar 202513%

Jun 202515%

Sep 202512%

Dec 202514%

Mar 202612%

Jun 2026—

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 20213.2%

Dec 2021—

Mar 20227.0%

Jun 2022—

Sep 20227.7%

Dec 20227.1%

Mar 2023—

Jun 20233.7%

Sep 20233.5%

Dec 20234.6%

Mar 20244.6%

Jun 20246.4%

Sep 20244.7%

Dec 20246.1%

Mar 20255.1%

Jun 20259.5%

Sep 20256.2%

Dec 202510%

Mar 20267.3%

Jun 2026—

VRL Logistics Ltd · VRLLOG

Sep 202120%

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202217%

Dec 2022—

Mar 202317%

Jun 2023—

Sep 202315%

Dec 202324%

Mar 202411%

Jun 202410%

Sep 20249.7%

Dec 202415%

Mar 202515%

Jun 202520%

Sep 202520%

Dec 202521%

Mar 202619%

Jun 2026—

ROCE change · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+6.3 pp

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−12.2 pp

Dec 2023—

Mar 2024−16.8 pp

Jun 2024—

Sep 2024−6.6 pp

Dec 2024−5.3 pp

Mar 2025−4.9 pp

Jun 2025−1.9 pp

Sep 2025−0.1 pp

Dec 2025−0.5 pp

Mar 2026−1.6 pp

Jun 2026—

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−1.3 pp

Jun 2023—

Sep 2023+1.6 pp

Dec 2023—

Mar 2024+6.7 pp

Jun 2024—

Sep 2024+5.5 pp

Dec 2024+4.0 pp

Mar 2025+4.4 pp

Jun 2025+3.2 pp

Sep 2025+1.6 pp

Dec 2025+1.4 pp

Mar 2026+1.0 pp

Jun 2026—

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.1 pp

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−4.5 pp

Dec 2023—

Mar 2024−3.5 pp

Jun 2024—

Sep 2024−0.9 pp

Dec 2024—

Mar 2025−3.2 pp

Jun 2025−1.0 pp

Sep 2025−1.2 pp

Dec 2025+0.7 pp

Mar 2026+5.1 pp

Jun 2026+4.8 pp

TCI Express Ltd · TCIEXP⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.4 pp

Dec 2022—

Mar 2023−1.1 pp

Jun 2023—

Sep 2023−3.5 pp

Dec 2023—

Mar 2024−6.0 pp

Jun 2024—

Sep 2024−8.3 pp

Dec 2024−10.5 pp

Mar 2025−10.3 pp

Jun 2025−9.3 pp

Sep 2025−6.8 pp

Dec 2025−4.1 pp

Mar 2026−1.9 pp

Jun 2026—

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.5 pp

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−4.2 pp

Dec 2023−2.5 pp

Mar 2024—

Jun 2024+2.7 pp

Sep 2024+1.2 pp

Dec 2024+1.5 pp

Mar 2025+0.5 pp

Jun 2025+3.1 pp

Sep 2025+1.5 pp

Dec 2025+4.1 pp

Mar 2026+2.2 pp

Jun 2026—

VRL Logistics Ltd · VRLLOG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.5 pp

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−2.7 pp

Dec 2023—

Mar 2024−6.6 pp

Jun 2024—

Sep 2024−4.9 pp

Dec 2024−8.8 pp

Mar 2025+4.5 pp

Jun 2025+9.3 pp

Sep 2025+9.8 pp

Dec 2025+5.7 pp

Mar 2026+4.1 pp

Jun 2026—

11 · compare level, then change

Valuation Against Growth & Quality

VRL Logistics Ltd has the lowest PEG among the 8 Logistics - Warehousing/Supply Chain companies compared here, at 0.6×. Delhivery Ltd is next at 3.8×. The same company also holds the lowest P/E, at 18.9×. 2 of 8 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 4 reported observations across the 20-quarter window.

What the numbers say: VRL Logistics Ltd has the lowest comparable PEG at 0.6×, 84.2% below Delhivery Ltd. Only 2 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderVRL Logistics Ltd · 0.6×

Gap84.2% versus #2 · Delhivery Ltd

Persistence0/8 recent comparable periods

Coverage2/8 companies · 5 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1VRL Logistics Ltd VRLLOG0.6

2Delhivery Ltd DELHIVERY3.8

P/Elowest P/E

1VRL Logistics Ltd VRLLOG18.9

2TCI Express Ltd TCIEXP⚠ unverified23.6

3Navkar Corporation Ltd NAVKARCORP⚠ unverified35.2

4Allcargo Logistics Ltd ALLCARGO⚠ unverified39.6

5TVS Supply Chain Solutions Ltd TVSSCS81.2

Valuation · company comparison

2/8 level · 8/8 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Delhivery Ltd DELHIVERY	3.8	194.6	Jun 2026
VRL Logistics Ltd VRLLOG	0.6	17.7	Jun 2026
TVS Supply Chain Solutions Ltd TVSSCS	—	31.8	Jun 2026
Mahindra Logistics Ltd MAHLOG	—	809.0	Jun 2026
TCI Express Ltd TCIEXP⚠ unverified	—	24.7	Jun 2026
Allcargo Logistics Ltd ALLCARGO⚠ unverified	—	45.3	Jun 2026
Navkar Corporation Ltd NAVKARCORP⚠ unverified	—	55.1	Jun 2026
Snowman Logistics Ltd SNOWMAN	—	151.4	Jun 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20253.8

Mar 2026—

Jun 2026—

VRL Logistics Ltd · VRLLOG

Sep 2021—

Dec 20210.6

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20220.6

Mar 20232.4

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 20260.6

P/E · reported quarter history

Allcargo Logistics Ltd · ALLCARGO⚠ unverified

Sep 202110.9

Dec 20218.8

Mar 20223.7

Jun 20222.2

Sep 20222.8

Dec 20222.8

Mar 20233.0

Jun 20234.0

Sep 20235.2

Dec 20239.2

Mar 202415.6

Jun 202422.7

Sep 202476.3

Dec 202488.7

Mar 202555.3

Jun 202524.8

Sep 202534.0

Dec 202527.4

Mar 202620.3

Jun 202645.3

Delhivery Ltd · DELHIVERY

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-84.3

Mar 2024—

Jun 2024-280.5

Sep 20244,033.3

Dec 2024835.5

Mar 2025463.8

Jun 2025170.1

Sep 2025166.6

Dec 2025218.9

Mar 2026177.8

Jun 2026194.6

Mahindra Logistics Ltd · MAHLOG

Sep 2021127.0

Dec 2021148.3

Mar 2022161.6

Jun 2022221.5

Sep 2022168.8

Dec 2022129.7

Mar 202392.6

Jun 2023131.3

Sep 2023822.9

Dec 2023809.0

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Navkar Corporation Ltd · NAVKARCORP⚠ unverified

Sep 202115.0

Dec 202115.3

Mar 202212.5

Jun 202214.3

Sep 202217.4

Dec 202217.7

Mar 202311.7

Jun 202314.3

Sep 202318.6

Dec 202338.8

Mar 202443.7

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-55.6

Sep 2025-78.8

Dec 2025-628.6

Mar 202637.3

Jun 202655.1

Snowman Logistics Ltd · SNOWMAN

Sep 2021—

Dec 2021337.5

Mar 2022359.4

Jun 2022257.0

Sep 2022201.7

Dec 2022122.3

Mar 202366.7

Jun 202357.3

Sep 202356.7

Dec 202369.8

Mar 202478.0

Jun 2024102.5

Sep 2024126.4

Dec 2024135.2

Mar 2025186.5

Jun 2025179.3

Sep 2025136.0

Dec 2025237.0

Mar 2026224.6

Jun 2026151.4

TCI Express Ltd · TCIEXP⚠ unverified

Sep 202144.3

Dec 202162.9

Mar 202251.0

Jun 202245.1

Sep 202250.8

Dec 202250.5

Mar 202341.1

Jun 202343.2

Sep 202339.9

Dec 202337.8

Mar 202428.3

Jun 202435.6

Sep 202435.1

Dec 202428.6

Mar 202524.0

Jun 202534.6

Sep 202533.4

Dec 202527.1

Mar 202621.0

Jun 202624.7

TVS Supply Chain Solutions Ltd · TVSSCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023718.5

Dec 2023712.8

Mar 2024-67.2

Jun 2024-273.8

Sep 2024302.2

Dec 2024264.8

Mar 2025211.2

Jun 2025119.7

Sep 202548.5

Dec 202540.0

Mar 202626.8

Jun 202631.8

VRL Logistics Ltd · VRLLOG

Sep 202134.0

Dec 202131.7

Mar 202229.3

Jun 202234.1

Sep 202227.7

Dec 202227.2

Mar 202335.5

Jun 202338.0

Sep 202338.9

Dec 202344.5

Mar 202437.8

Jun 202455.6

Sep 202472.7

Dec 202453.2

Mar 202531.8

Jun 202527.4

Sep 202521.6

Dec 202519.8

Mar 202618.0

Jun 202617.7

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Logistics - Warehousing/Supply Chain comparison names 7 specific ways its own evidence can mislead, all listed below. All 8 companies here report on comparable dates, so no rank carries a stale marker. 3 draw at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
Thin comparisons: Valuation have fewer than three usable current readings.

13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 8 Logistics - Warehousing/Supply Chain companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-09-11 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing3 cross-checked · 4 unverified · 1 withheld, of 8 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

14 · questions investors ask, short speakable answers

Logistics - Warehousing/Supply Chain company comparison FAQs

These 24 answers restate the Logistics - Warehousing/Supply Chain comparison above in question form. Every one is computed from the same 8 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Logistics - Warehousing/Supply Chain sector outperforming NIFTY 500?

Which Logistics - Warehousing/Supply Chain company is largest by revenue?

TVS Supply Chain Solutions Ltd leads with revenue of ₹11,746 crore, based on 8 of 8 comparable companies through Jun 2026.

Which Logistics - Warehousing/Supply Chain company is growing fastest?

Navkar Corporation Ltd has the fastest current revenue growth at 46%, across 8 of 8 comparable companies.

Which Logistics - Warehousing/Supply Chain company has the strongest 4-Factor Sector Score?

VRL Logistics Ltd ranks first at 80.2/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Logistics - Warehousing/Supply Chain company has the lowest comparable PEG?

VRL Logistics Ltd has the lowest comparable PEG at 0.6, among 2 of 8 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Logistics - Warehousing/Supply Chain comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Logistics - Warehousing/Supply Chain index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Logistics - Warehousing/Supply Chain, this page builds its own equal-weight basket of 8 listed Logistics - Warehousing/Supply Chain companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Logistics - Warehousing/Supply Chain stocks in India?

Ranked by this page's four-factor score, VRL Logistics Ltd places first among 8 listed Logistics - Warehousing/Supply Chain companies, followed by Allcargo Logistics Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Logistics - Warehousing/Supply Chain stocks are listed in India?

This comparison covers 8 listed Logistics - Warehousing/Supply Chain companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Logistics - Warehousing/Supply Chain company is the biggest?

TVS Supply Chain Solutions Ltd is the largest, with trailing-twelve-month revenue of ₹11,746 crore, ahead of Delhivery Ltd at ₹11,145 crore. That covers 8 of 8 companies with comparable reporting through Jun 2026.

Which Logistics - Warehousing/Supply Chain company has the best profit margins?

VRL Logistics Ltd has the highest operating margin at 21%, from 8 of 8 comparable companies. Allcargo Logistics Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Logistics - Warehousing/Supply Chain company makes the most profit?

VRL Logistics Ltd earns the most, at ₹268 crore of trailing-twelve-month net profit, from 8 of 8 comparable companies. Navkar Corporation Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Logistics - Warehousing/Supply Chain company earns the highest return on capital?

VRL Logistics Ltd leads on return on capital employed at 18.3%, across 8 of 8 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Logistics - Warehousing/Supply Chain stock is the cheapest?

On PEG — where a LOWER number is cheaper — VRL Logistics Ltd screens cheapest at 0.6×. Only 2 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Logistics - Warehousing/Supply Chain sector beating the market?

Logistics - Warehousing/Supply Chain has underperformed NIFTY 500 by 6.4% over the last 52 weeks and 9.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Logistics - Warehousing/Supply Chain stock has the strongest price momentum?

Allcargo Logistics Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Logistics - Warehousing/Supply Chain company scores highest for research priority?

VRL Logistics Ltd scores 80.2 out of 100 with 100% evidence confidence, from 22.3 points on growth and earnings, 20.7 on capital efficiency, 19.5 on valuation and 17.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Logistics - Warehousing/Supply Chain companies does this comparison cover, and over what period?

It compares 8 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Logistics - Warehousing/Supply Chain sector?

The 8 Logistics - Warehousing/Supply Chain companies on this page carry ₹53,446 crore of combined market value. Delhivery Ltd is the largest at ₹32,894 crore, about 62% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

What is the Logistics - Warehousing/Supply Chain sector's P/E ratio?

The median price-to-earnings ratio across the 8 Logistics - Warehousing/Supply Chain companies on this page is 81.2×, measured on the 8 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-17.

How is the Logistics - Warehousing/Supply Chain sector performing?

4 of the 8 covered Logistics - Warehousing/Supply Chain companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 6.4% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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