Allcargo Global Ltd

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 Global Ltd trades at ₹13.8, in a downtrend and 12 weeks into that stage. That is −23.5% against its own 200-day average. It sits at 54% of a 52-week range of ₹12 to ₹15. On relative strength it has no relative-strength read yet.

Today the stock is in a downtrend — week 12 of stage 4. At ₹13.8 it trades −23.5% versus its 200-day average and sits at 54% of its 52-week range (₹12–₹15).

Against the market, two honest reads. Cumulative: over the last 2 months the stock moved +10% while the NIFTY 500 moved −2% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — 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.

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.

P/E does not price Allcargo Global Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Allcargo Global Ltd at 0.1× its FY26 revenue of ₹12,758 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

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

Stage: No read 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 Global Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

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.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

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

Allcargo Global Ltd reported ₹3,522 Cr of revenue in the Jun 26 quarter, +5.8% year on year. Over 1 years it has compounded at −9.4% a year. The last full year, FY26, came in at ₹12,758 Cr. The last four reported quarters add to ₹9,767 Cr.

FY26 revenue came in at ₹12,758 Cr (−9.4% on the year), capping 1 years at −9.4% compound. The latest quarter (Jun 26) printed ₹3,522 Cr, +5.8% year on year.

Pace check: the last four quarters averaged +5.8% growth against the decade's −9.4% — the current year is running faster than its own long-run rate.

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 Global Ltd's operating margin is 0.8% in the Jun 26 quarter, +1.8 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 0.8%, +1.8 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 0.1%–2.4%.

Why: the numbers show the operating margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

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

Allcargo Global Ltd posted a net loss of ₹28.0 Cr in the Jun 26 quarter. The full FY26 year was a loss of ₹290 Cr. That loss is 0.8% of the quarter's revenue.

Jun 26 profit was ₹−28.0 Cr, null year on year. On the full year, FY26 printed ₹−290 Cr (−774.4%).

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.

Allcargo Global Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹89.0 Cr of operating cash against ₹−290 Cr of profit. After ₹330 Cr of capital spending, ₹−241 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹89.0 Cr against reported profit of ₹−290 Cr, leaving free cash of ₹−241 Cr after ₹330 Cr of capital spending.

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

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

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 Global Ltd's cash conversion cycle runs 57 days in FY26, down from 62 days in FY25. Capital spending ran ₹464 Cr over the last 2 years. At FY26 sales of ₹12,758 Cr each day of that cycle holds about ₹35.0 Cr, so roughly ₹1,992 Cr sits inside the business at any moment.

FY26: debtors at 57 days (an asset-light business — no inventory to speak of) — for a full cycle of 57 days, tighter than FY25's 62.

In money terms: at FY26 sales of ₹12,758 Cr, each day of the cycle holds about ₹35.0 Cr — so the 57-day loop keeps roughly ₹1,992 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹464 Cr over the last 2 fiscal years against ₹386 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹32.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

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 Global Ltd earns a ROCE of −6% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −2.3% net margin on 2.48× asset turns.

FY26 ROCE is −6%.

Why the return is what it is — the wiring (FY26): −2.3% net margin × 2.48× asset turns × 3.96× balance-sheet leverage ≈ −22.6% on equity. Margin does its share; leverage is a meaningful part of the equation.

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 Global Ltd carries ₹1,338 Cr of borrowings against ₹1,296 Cr of equity in FY26, a debt-to-equity of 1.03. Operating profit covers the interest bill 0×. Over 1 years borrowings went from ₹1,258 Cr to ₹1,338 Cr. Capital spending ran ₹464 Cr across the last 2 of those years.

FY26: borrowings of ₹1,338 Cr against equity of ₹1,296 Cr — a debt-to-equity of 1.03. Operating profit covers the interest bill 0×. Over 1 years borrowings went from ₹1,258 Cr to ₹1,338 Cr while capital spending ran ₹464 Cr in just the last 2 — part of the build-out is riding on borrowed money.

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.

No holder of Allcargo Global Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

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 Global 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.

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