Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Sindhu Trade Links Ltd

SINDHUTRAD
Logistics

Sindhu Trade Links Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: annual EPS moved +117.6% against a −7.9% price move — the market has not yet caught up with the delivery.

The price is in a confirmed uptrend (9 weeks in) while the P/E sits at the 86th percentile of its own 10-year range. Underneath, the last four quarters read mixed, and 273% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Price
₹24.4
−7.9% 1Y
P/E
65.5×
86th pctile
of its own 10-year range
Revenue (Mar 26)
₹115 Cr
−61.3% YoY
Profit (Mar 26)
₹14.0 Cr
Operating margin
4.5%
+115.5 pp YoY
ROCE
4%
FY26
Cash conversion
273%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 162% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

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

Sindhu Trade Links Ltd trades at ₹24.4, in a confirmed uptrend and 9 weeks into that stage. That is +1.0% against its own 200-day average. It sits at 54% of a 52-week range of ₹18 to ₹30. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).

Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹24.4 it trades +1.0% versus its 200-day average and sits at 54% of its 52-week range (₹18–₹30).

Jul 26: ₹24.4 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+1.0% versus the 200-day line, week 9 of stage 2
Price50-day avg200-day avg
S2S4S2S4₹44.2₹36.0₹27.8₹19.6₹11.4₹24₹24Jul 23May 24Feb 25Nov 25Jul 26
S2S4S2S4₹44.2₹36.0₹27.8₹19.6₹11.4₹24₹24Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2017 Each cell is one week from 2017 to now (408 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 17Jul 26

Against the market, two honest reads. Cumulative: over the last 9.5 years the stock moved +4,259% while the NIFTY 500 moved +204% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-10) — 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.

02 · Valuation

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

Sindhu Trade Links Ltd trades at 65.5× P/E, at the pricey end of its own range (86th percentile). Its long-run median P/E is 29.7×, measured across 9.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 65.5× is at the pricey end of its own range (86th percentile), against a long-run median of 29.7× measured over 9.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 65.5× vs a 29.7× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 9.5-year window; loss-period spikes above 89× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (86th percentile)
P/EMedianEPS (TTM) (quarterly)
96.2×₹1.472.1×₹1.148.1×₹0.724.0×₹0.40.0×₹0.0×66.00×₹0Feb 17Jan 19Apr 24Mar 25Jul 26
96.2×₹1.472.1×₹1.148.1×₹0.724.0×₹0.40.0×₹0.0×66.00×₹0Feb 17Apr 24Jul 26
P/E
65.5×
86th percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved +117.6% against a −7.9% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the +0.9%/yr price move, ~+41.7%/yr came from earnings growth and ~−40.8 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

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

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 162% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: No read

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).

Sindhu Trade Links 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. The read is built from 10 quarters across 2 curves, on partial evidence.

Growth, year by year: revenue −69.7% in FY26, profit −53.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
52%148%19%38%−13%−73%−46%−184%−79%−294%%%−69.7%−53.3%FY16FY21FY26
52%148%19%38%−13%−73%−46%−184%−79%−294%%%−69.7%−53.3%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
44%94%12%36%−21%−21%−53%−79%−86%−137%%%−61.3%−52.8%−53.2%Jun 23Sep 24Mar 26
44%94%12%36%−21%−21%−53%−79%−86%−137%%%−61.3%−52.8%−53.2%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
6.2%5.6%5.0%4.4%3.8%%4%FY23FY24FY26
6.2%5.6%5.0%4.4%3.8%%4%FY23FY24FY26
Revenue growth
Recovering
latest −61.3% · span −70.2% to +35.1%
ROCE
Stuck low
latest 4.0% · span 4.0%–6.0%

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

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

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

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

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−69.7%−23.6%−10.1%−5.9%
Profit−53.3%+3.9%
EPS+117.6%+3.2%
Share price−7.9%+0.9%+46.6%
Revenue YoY (Mar 26)
−61.3%
latest quarter vs a year ago
Revenue 10y
−5.9%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

43.3/100 — rank 14 of 18 in Logistics · 58% evidence confidence

Sindhu Trade Links Ltd scores 43.3 out of 100 against the 18 companies it is compared with in Logistics, ranking 14. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 15.2 + 5.9 + 9.3 + 12.9 = 43.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

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

05 · Revenue

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

Sindhu Trade Links Ltd reported ₹115 Cr of revenue in the Mar 26 quarter, −61.3% year on year. Over 10 years it has compounded at −5.9% a year. The last full year, FY26, came in at ₹524 Cr. The last four reported quarters add to ₹523 Cr.

FY26 revenue came in at ₹524 Cr (−69.7% on the year), capping 10 years at −5.9% compound. The latest quarter (Mar 26) printed ₹115 Cr, −61.3% year on year.

FY26 revenue ₹524 Cr (−69.7% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 10-year window. A bar is red when it is lower than the year before.
−5.9% a year over 10 years
RevenueYoY growth
1.9k52%1.4k19%935−13%467−46%0−79%₹ Cr%₹524−69.7%FY16FY21FY26
1.9k52%1.4k19%935−13%467−46%0−79%₹ Cr%₹524−69.7%FY16FY21FY26
Mar 26: ₹115 Cr (−61.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
59844%44912%299−21%150−53%0−86%₹ Cr%₹115−61.3%Jun 23Sep 24Mar 26
59844%44912%299−21%150−53%0−86%₹ Cr%₹115−61.3%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged −68.7% growth against the decade's −5.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −69.8% over the last 4 quarters against −44.3%/yr over the last 8 — rolling over; TTM profit −52.8% vs −9.0%/yr — rolling over.

06 · Operating margin

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

Sindhu Trade Links Ltd's operating margin is 4.5% in the Mar 26 quarter, +115.5 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged −13.0% to 15.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 4.5%, +115.5 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged −13.0%–15.0%.

Why the margin moved: operating margin went +115.3 pp year on year while gross margin went −25.8 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 3.7% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 10-year window.
within a −13.0–15.0% band over 10 years
operating marginYoY change (pp)
17%20%9.1%8.6%1.0%−2.6%−7.1%−14%−15%−25%%%3.7%16.7%FY16FY21FY26
17%20%9.1%8.6%1.0%−2.6%−7.1%−14%−15%−25%%%3.7%16.7%FY16FY21FY26
Mar 26: 4.5% operating margin (+115.5 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
36%133%−3.6%69%−43%5.3%−82%−59%−122%−123%%%4.5%115.5%Jun 23Sep 24Mar 26
36%133%−3.6%69%−43%5.3%−82%−59%−122%−123%%%4.5%115.5%Jun 23Sep 24Mar 26
07 · Net profit

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

Sindhu Trade Links Ltd earned ₹14.0 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹57.0 Cr. The 10-year compound rate is 3.9%. That is 12.2% of the quarter's revenue. The same quarter a year earlier lost ₹59.0 Cr. 3 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹14.0 Cr, null year on year. On the full year, FY26 printed ₹57.0 Cr (−53.3%), and the 10-year compound rate is 3.9%.

FY26 profit ₹57.0 Cr (−53.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 10-year window. A bar is red when it is lower than the year before.
3.9% a year over 10 years
Net profitYoY growth
14099%760.0%12−96%−53−193%−117−290%₹ Cr%₹57−53.3%FY16FY21FY26
14099%760.0%12−96%−53−193%−117−290%₹ Cr%₹57−53.3%FY16FY21FY26
Mar 26: ₹14.0 Cr (null YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
135194%7127%8−140%−56−308%−120−475%₹ Cr%₹14−90.6%Jun 23Sep 24Mar 26
135194%7127%8−140%−56−308%−120−475%₹ Cr%₹14−90.6%Jun 23Sep 24Mar 26
08 · Cash flow — the router

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

Over the last 3 fiscal years 273% of Sindhu Trade Links Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹43.0 Cr of operating cash against ₹57.0 Cr of profit. After ₹11.0 Cr of capital spending, ₹32.0 Cr was left as free cash.

FY26: operating cash of ₹43.0 Cr against reported profit of ₹57.0 Cr, leaving free cash of ₹32.0 Cr after ₹11.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 273% of profit.

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

FY26: CFO ₹43.0 Cr vs profit ₹57.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 8-year window, annual resolution. FY23/FY25 reflects an acquisition year — point shown clipped.
273% of 3-year profit arrived as cash
Operating cashNet profitFree cash
78843683−270−622₹ Cr₹43₹57₹32FY16FY22FY26
78843683−270−622₹ Cr₹43₹57₹32FY16FY22FY26
FY26: CFO = 75% of profit (three-year rate 273%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
433%−49%−532%−1,015%−1,497%%75%FY16FY22FY26
433%−49%−532%−1,015%−1,497%%75%FY16FY22FY26

Why conversion sits at 273%: the cash cycle stretched 95 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

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

09 · Where the cash goes

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

Sindhu Trade Links Ltd's cash conversion cycle runs 217 days in FY26, up from 122 days in FY21. Capital spending ran ₹−3,247 Cr over the last 3 years. At FY26 sales of ₹524 Cr each day of that cycle holds about ₹1.4 Cr, so roughly ₹312 Cr sits inside the business at any moment.

FY26: debtors at 230 days, inventory at 12 days — roughly 0.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 217 days, looser than FY21's 122.

The full loop: cash goes out to suppliers and production on day 0; stock waits 12 days to sell; customers pay about 230 days after that; and suppliers themselves are paid at 25 days — netting out to the 217-day cycle.

In money terms: at FY26 sales of ₹524 Cr, each day of the cycle holds about ₹1.4 Cr — so the 217-day loop keeps roughly ₹312 Cr sitting inside the business at any moment.

FY26: a 217-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 9-year window.
+95 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1,052772493213−67days217d12d230d25dFY16FY20FY22FY24FY26
1,052772493213−67days217d12d230d25dFY16FY22FY26

On the investment side: capital spending of ₹−3,247 Cr over the last 3 fiscal years against ₹136 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹11.0 Cr, work-in-progress ₹1.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
516−522−1.6k−2.6k−3.6k₹ Cr₹11₹1FY17FY21FY23FY24FY26
516−522−1.6k−2.6k−3.6k₹ Cr₹11₹1FY17FY23FY26

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

10 · Return on capital

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

Sindhu Trade Links Ltd earns a ROCE of 4% in FY26. That is up from a trough of 1% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 10.9% net margin on 0.18× asset turns.

FY26 ROCE is 4%, recovered from a FY21 trough of 1% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 10.9% net margin × 0.18× asset turns × 1.65× balance-sheet leverage ≈ 3.2% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 4% Return on capital employed by fiscal year, % (line). 7-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 1%
ROCEWACC
13%9.7%6.5%3.3%0.0%%4%FY17FY21FY23FY24FY26
13%9.7%6.5%3.3%0.0%%4%FY17FY23FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 162% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

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

Sindhu Trade Links Ltd carries ₹463 Cr of borrowings against ₹1,753 Cr of equity in FY26, a debt-to-equity of 0.26. Operating profit covers the interest bill 0×. Over 5 years borrowings went from ₹1,306 Cr to ₹463 Cr. Capital spending ran ₹−3,247 Cr across the last 3 of those years.

FY26: borrowings of ₹463 Cr against equity of ₹1,753 Cr — a debt-to-equity of 0.26. Operating profit covers the interest bill 0×. Over 5 years borrowings went from ₹1,306 Cr to ₹463 Cr while capital spending ran ₹−3,247 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹463 Cr at 0.26× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 9-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
1.8k3.7×1.3k2.8×8851.8×4420.9×00.0×₹ Cr×₹4630.26×FY16FY20FY22FY24FY26
1.8k3.7×1.3k2.8×8851.8×4420.9×00.0×₹ Cr×₹4630.26×FY16FY22FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 162% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

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

Foreign institutions added 3.1 points of Sindhu Trade Links Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 3.2% of the company. Promoters moved +0.0 points over the same window, to 75.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +3.1 points over 8 quarters to 3.2%; Promoters: +0.0 points over 8 quarters to 75.0%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

Why the register moved: foreign institutions drove it (+3.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
81%59%37%16%−6.0%%75.0%3.2%0%21.8%Mar 24Mar 25Mar 26
81%59%37%16%−6.0%%75.0%3.2%0%21.8%Mar 24Mar 25Mar 26
Foreign institutions added 3.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
81%59%37%16%−6.0%%75.0%3.2%0%21.9%Jun 23Dec 24Jun 26
81%59%37%16%−6.0%%75.0%3.2%0%21.9%Jun 23Dec 24Jun 26
13 · Safety line

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

Sindhu Trade Links 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.

14 · Related companies · Logistics
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Gateway Distriparks LtdGATEWAY 65.8/100Favorable setup82% evidence ASLEEP 22.4/35 Revenue 31.5% · PAT -30.8% · OPM change 2 pp 65% evidence 14.7/25 ROCE 10.8% · OPM 22% 100% evidence 17.9/20 P/E 11.2× · PEG 1.18 100% evidence 10.8/20 RS sector 0.8% · RS bench -4.3% · 1Y -10.3%1 of 10 weeks ahead 70% evidence
Exact sum: 22.4 + 14.7 + 17.9 + 10.8 = 65.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Aegis Logistics LtdAEGISLOG 64.5/100Mixed-positive evidence78% evidence BREAKING OUT 20.9/35 Revenue 23.2% · PAT 40.5% · OPM change 0 pp 83% evidence 17.0/25 ROCE 13.3% · OPM 24% 76% evidence 6.6/20 P/E 51.7× · PEG — 50% evidence 20.0/20 RS sector 50.4% · RS bench 59.1% · 1Y 74%11 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 17 + 6.6 + 20 = 64.5 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3Blackbuck LtdBLACKBUCK 57.8/100Mixed-positive evidence87% evidence ASLEEP 24.0/35 Revenue 48.6% · PAT 100% · OPM change -4 pp 100% evidence 12.9/25 ROCE 12.8% · OPM 24% 100% evidence 8.3/20 P/E 57.6× · PEG 2.09 65% evidence 12.6/20 RS sector 22.4% · RS bench -11.1% · 1Y 16.7%0 of 9 weeks ahead 70% evidence
Exact sum: 24 + 12.9 + 8.3 + 12.6 = 57.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Shadowfax Technologies LtdSHADOWFAX 57.5/100Mixed-positive evidence60% evidence BREAKING OUT 30.9/35 Revenue 70.8% · PAT 1777.8% · OPM change 3.9 pp 95% evidence 7.5/25 ROCE 9.4% · OPM 7% 95% evidence 9.1/20 P/E 84.1× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 30.9 + 7.5 + 9.1 + 10 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5S J Logistics (India) LtdSJLOGISTIC 56.6/100Mixed-positive evidence73% evidence ASLEEP 20.8/35 Revenue 67.9% · PAT 93.4% · OPM change 3 pp 71% evidence 19.6/25 ROCE 32.4% · OPM 19% 95% evidence 12.8/20 P/E 6.1× · PEG — 50% evidence 3.4/20 RS sector -30.8% · RS bench -13.8% · 1Y -25.3%6 of 11 weeks ahead 70% evidence
Exact sum: 20.8 + 19.6 + 12.8 + 3.4 = 56.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Sical Logistics LtdSICALLOG 54.3/100Mixed-positive evidence70% evidence TURNING 28.2/35 Revenue 73.9% · PAT 100% · OPM change 7.9 pp 83% evidence 9.4/25 ROCE 9.8% · OPM 18.5% 95% evidence 8.5/20 P/E 691× · PEG — 15% evidence 8.2/20 RS sector -26.6% · RS bench 42.8% · 1Y 21.1%6 of 9 weeks ahead 70% evidence
Exact sum: 28.2 + 9.4 + 8.5 + 8.2 = 54.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7JITF Infra Logistics LtdJITFINFRA 54.1/100Mixed-positive evidence67% evidence TURNING 15.9/35 Revenue 24% · PAT -80% · OPM change 1.4 pp 83% evidence 15.7/25 ROCE 15.4% · OPM 17.7% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 12.5/20 RS sector -0.3% · RS bench 5.5% · 1Y -3.7%3 of 10 weeks ahead 70% evidence
Exact sum: 15.9 + 15.7 + 10 + 12.5 = 54.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Allcargo Terminals LtdATL 51.9/100Mixed-positive evidence69% evidence ASLEEP 18.8/35 Revenue 8.3% · PAT 46.2% · OPM change 3.1 pp 62% evidence 14.0/25 ROCE 11.6% · OPM 21.2% 95% evidence 14.1/20 P/E 13.9× · PEG — 50% evidence 5.0/20 RS sector -13.4% · RS bench -14% · 1Y -24%1 of 10 weeks ahead 70% evidence
Exact sum: 18.8 + 14 + 14.1 + 5 = 51.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Tejas Cargo India LtdTEJASCARGO 51.4/100Thin evidence · provisional56% evidence FADING 15.3/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 13.9/25 ROCE 12.1% · OPM 20% 95% evidence 9.8/20 P/E 38× · PEG — 15% evidence 12.4/20 RS sector 16.5% · RS bench 4.9% · 1Y 8.1%10 of 11 weeks ahead 100% evidence
Exact sum: 15.3 + 13.9 + 9.8 + 12.4 = 51.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10Blue Dart Express LtdBLUEDART 49.9/100Mixed-negative evidence94% evidence ASLEEP 19.2/35 Revenue 9.2% · PAT 15.3% · OPM change 2 pp 100% evidence 16.7/25 ROCE 16.6% · OPM 16% 100% evidence 6.8/20 P/E 37.8× · PEG 3.79 100% evidence 7.2/20 RS sector -5.9% · RS bench -6.3% · 1Y -23.6%0 of 10 weeks ahead 70% evidence
Exact sum: 19.2 + 16.7 + 6.8 + 7.2 = 49.9 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
11Transport Corporation of India LtdTCI 47.7/100Mixed-negative evidence100% evidence BASING 15.3/35 Revenue 9.6% · PAT 7% · OPM change 0 pp 100% evidence 16.1/25 ROCE 19.4% · OPM 11% 100% evidence 13.3/20 P/E 15.7× · PEG 1.41 100% evidence 3.0/20 RS sector -17.4% · RS bench -11.9% · 1Y -22.7%0 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 16.1 + 13.3 + 3 = 47.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12Ritco Logistics LtdRITCO 46.3/100Mixed-negative evidence83% evidence LEADER 11.9/35 Revenue 26% · PAT -21.4% · OPM change -2.4 pp 83% evidence 8.2/25 ROCE 10.1% · OPM 5.1% 95% evidence 8.5/20 P/E 23.2× · PEG — 50% evidence 17.7/20 RS sector 7.2% · RS bench 14% · 1Y 0.6%12 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 8.2 + 8.5 + 17.7 = 46.3 · Decision use: Price leads the evidence: RS versus the benchmark is 14%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
13TransIndia Real Estate LtdTREL 44.4/100Mixed-negative evidence83% evidence ASLEEP 17.5/35 Revenue 2.4% · PAT -29.8% · OPM change 41.2 pp 83% evidence 10.5/25 ROCE 3.8% · OPM 58.3% 95% evidence 13.7/20 P/E 16.1× · PEG — 50% evidence 2.7/20 RS sector -17% · RS bench -11.5% · 1Y -28.2%3 of 12 weeks ahead 100% evidence
Exact sum: 17.5 + 10.5 + 13.7 + 2.7 = 44.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Sindhu Trade Links Ltdthis pageSINDHUTRAD 43.3/100Thin evidence · provisional58% evidence TURNING 15.2/35 Revenue -69.8% · PAT -52.9% · OPM change 115.5 pp 62% evidence 5.9/25 ROCE 4.4% · OPM 4.5% 76% evidence 9.3/20 P/E 65.5× · PEG — 15% evidence 12.9/20 RS sector 2.9% · RS bench 0.5% · 1Y -20.2%2 of 10 weeks ahead 70% evidence
Exact sum: 15.2 + 5.9 + 9.3 + 12.9 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15Container Corporation Of India LtdCONCOR 42.9/100Mixed-negative evidence100% evidence FADING 12.1/35 Revenue 1.7% · PAT -4% · OPM change 1 pp 100% evidence 14.7/25 ROCE 12.4% · OPM 21% 100% evidence 6.0/20 P/E 32.2× · PEG 3.55 100% evidence 10.1/20 RS sector -3.9% · RS bench 2.5% · 1Y -12.2%2 of 12 weeks ahead 100% evidence
Exact sum: 12.1 + 14.7 + 6 + 10.1 = 42.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Western Carriers (India) LtdWCIL 31.3/100Adverse evidence70% evidence ASLEEP 8.9/35 Revenue 6% · PAT -40.4% · OPM change -1.5 pp 83% evidence 7.5/25 ROCE 6.8% · OPM 4.3% 95% evidence 10.4/20 P/E 23.6× · PEG — 15% evidence 4.5/20 RS sector -15% · RS bench -20.5% · 1Y -17.6%1 of 10 weeks ahead 70% evidence
Exact sum: 8.9 + 7.5 + 10.4 + 4.5 = 31.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Reliance Industrial Infrastructure LtdRIIL 28.8/100Adverse evidence81% evidence ASLEEP 10.5/35 Revenue -16% · PAT -0.3% · OPM change -21.3 pp 95% evidence 4.4/25 ROCE 3% · OPM -37.3% 95% evidence 7.5/20 P/E 92.4× · PEG — 50% evidence 6.4/20 RS sector -10.7% · RS bench -8.6% · 1Y -18.2%7 of 10 weeks ahead 70% evidence
Exact sum: 10.5 + 4.4 + 7.5 + 6.4 = 28.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Allcargo Gati Ltd(Merged)ACLGATI 37.9/100Thin evidence · provisional41% evidence 16.2/35 Revenue -1.1% · PAT 100% · OPM change -1.5 pp 27% evidence 5.6/25 ROCE 2.2% · OPM 3.6% 57% evidence 8.7/20 P/E 97.5× · PEG — 15% evidence 7.4/20 RS sector -5% · RS bench -8.2% · 1Y -0.6%0 of 12 weeks ahead to 2025-11-12 70% evidence
Exact sum: 16.2 + 5.6 + 8.7 + 7.4 = 37.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

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.

15 · Frequently asked questions

Frequently asked questions

What is Sindhu Trade Links Ltd's share price today?

Sindhu Trade Links Ltd trades at ₹24.4, −7.9% over the past year. The company is valued at ₹3,764 Cr. The stock sits at 54% of its 52-week range of ₹18–₹30, +1.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 31 July 2026.

What were Sindhu Trade Links Ltd's latest quarterly results?

Sindhu Trade Links Ltd reported revenue of ₹115 Cr and net profit of ₹14.0 Cr for the Mar 26 quarter. Earnings per share were ₹0.09. The operating margin was 4.5%, 115.5 pp higher than a year earlier. — as of 31 July 2026.

What is Sindhu Trade Links Ltd's revenue?

Sindhu Trade Links Ltd reported revenue of ₹115 Cr in the Mar 26 quarter, −61.3% year on year. For the full FY26 fiscal year, revenue was ₹524 Cr (−69.7%). Over the last 10 years revenue compounded at −5.9% a year. — as of 31 July 2026.

What is Sindhu Trade Links Ltd's profit?

Sindhu Trade Links Ltd earned ₹14.0 Cr of net profit in the Mar 26 quarter. Full-year FY26 profit was ₹57.0 Cr. The operating margin ran 4.5% in the latest quarter. — as of 31 July 2026.

What is Sindhu Trade Links Ltd's market cap?

Sindhu Trade Links Ltd's market capitalisation is ₹3,764 Cr at a share price of ₹24.4. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Sindhu Trade Links Ltd's P/E ratio?

Sindhu Trade Links Ltd trades at a P/E of 65.5×, at the 86th percentile of its own 10-year range, against a long-run median of 29.7×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Sindhu Trade Links Ltd pay a dividend?

No — Sindhu Trade Links Ltd has recorded a dividend payout of 0% of profit in each of its last 10 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 31 July 2026.

Is Sindhu Trade Links Ltd overvalued?

On its own history, Sindhu Trade Links Ltd looks expensive against its own history: its P/E of 65.5× sits at the 86th percentile of its 10-year range (long-run median 29.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

How is Sindhu Trade Links Ltd performing?

Sindhu Trade Links Ltd is in a confirmed uptrend, 9 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

Is Sindhu Trade Links Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +1.0% versus its 200-day average and at 54% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Sindhu Trade Links Ltd beating the market?

Not lately — on a trailing-13-week view Sindhu Trade Links Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 9.5 years the stock moved +4,259% against the NIFTY 500's +204% — ahead of the index over the full window. — as of 31 July 2026.

Will Sindhu Trade Links Ltd's share price go up?

This page publishes no price forecast for Sindhu Trade Links Ltd. What it measures instead: the share price is ₹24.4, the price is in a confirmed uptrend 9 weeks in. Its P/E of 65.5× sits at the 86th percentile of its own 10-year range. — as of 31 July 2026.

Who owns Sindhu Trade Links Ltd?

Promoters hold 75.0% of Sindhu Trade Links Ltd, foreign institutions 3.2%, domestic institutions 0.0% and the public 21.9% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 3.1 points over 8 quarters. — as of 31 July 2026.

Does Sindhu Trade Links Ltd have too much debt?

No — Sindhu Trade Links Ltd's debt-to-equity is 0.26, and operating profit covers the interest bill 0×. FY26 borrowings were ₹463 Cr against equity of ₹1,753 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.

What is Sindhu Trade Links Ltd's capex?

Sindhu Trade Links Ltd spent ₹−3,247 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹11.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Sindhu Trade Links Ltd's cash flow?

Sindhu Trade Links Ltd generated ₹43.0 Cr of operating cash flow in FY26 and ₹32.0 Cr of free cash flow after ₹11.0 Cr of capital spending. Reported profit that year was ₹57.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Sindhu Trade Links Ltd's profit real cash?

Yes — over the last 3 fiscal years, 273% of Sindhu Trade Links Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹43.0 Cr against reported profit of ₹57.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Sindhu Trade Links Ltd in its business cycle?

Sindhu Trade Links Ltd's FY26 operating margin was 3.7%, against a 10-year band of −13.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 4.5%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Sindhu Trade Links Ltd story?

The sharpest disagreement: annual EPS moved +117.6% against a −7.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Sindhu Trade Links Ltd a stock worth studying right now?

This is not investment advice. The machine read: Sindhu Trade Links Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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