Jujhar Logistics Ltd (534796)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Jujhar Logistics' revenue was ₹45.5 Cr, and net profit ₹5.2 Cr; the operating margin was 16.5%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹45.5 | — | -12.9% |
| Operating profit | ₹7.5 | — | -43.3% |
| Net profit | ₹5.2 | — | -1.4% |
| EPS (₹) | 5.68 | — | +64.6% |
| Operating margin | 16.5% | — | — |
📢 Recent Corporate Announcements
Jujhar Logistics Limited (formerly CDG Petchem) announced the voting results of its 15th AGM held on September 29, 2026. Shareholders approved all agenda items with the requisite majority, including the re-appointment of directors Arshdeep Singh Mundi and Jagjit Singh Rai, and the appointment of Monika Garg as an Independent Director for 5 years. Crucially, shareholders approved material related-party transactions (RPTs) with holding company Jujhar Constructions & Travel Pvt. Ltd. and subsidiary Jujhar Logistic & Travels Limited.
- 15th Annual General Meeting concluded via remote e-voting held from September 26 to September 28, 2026
- Shareholders approved material Related Party Transactions with holding company Jujhar Constructions & Travel Pvt. Ltd.
- Material RPT approval granted for subsidiary Jujhar Logistic & Travels Limited
- Appointment of Monika Garg as Independent Director approved for a 5-year term from April 10, 2026 to April 09, 2031
- Directors Arshdeep Singh Mundi and Jagjit Singh Rai re-appointed by rotation
Jujhar Logistics (formerly CDG Petchem) reported a consolidated revenue of Rs 45.49 Cr for Q1 FY27, a significant scale-up representing 60.7% of the entire FY26 revenue in just one quarter. Consolidated Net Profit reached Rs 5.24 Cr, nearly matching the full-year FY26 profit of Rs 7.67 Cr. The results reflect the successful integration of the automotive logistics business acquired in late 2025. Standalone operations remain minimal at Rs 2.08 Cr, confirming the company's total pivot to its logistics subsidiary.
- Consolidated revenue for Q1 FY27 stood at Rs 45.49 Cr, compared to a full-year FY26 revenue of Rs 74.88 Cr.
- Consolidated Net Profit for the quarter was Rs 5.24 Cr, resulting in a quarterly EPS of Rs 5.68.
- Property, Plant and Equipment (Consolidated) increased to Rs 113.07 Cr from Rs 103.04 Cr in March 2026, indicating ongoing asset addition.
- Consolidated total borrowings (Long-term + Short-term) stood at Rs 33.35 Cr as of June 30, 2026.
- Standalone revenue contributed only Rs 2.08 Cr, highlighting that the logistics subsidiary is now the primary business driver.
Jujhar Logistics (formerly CDG Petchem) reported a consolidated revenue of Rs 45.49 Cr for Q1 FY27, representing a massive scale-up following its pivot into the automotive logistics sector. Consolidated Net Profit for the quarter stood at Rs 5.24 Cr, with a reported EPS of Rs 5.68. The results highlight the successful integration of Jujhar Logistic & Travels Ltd, as standalone revenue contributed only Rs 2.08 Cr to the total. The company's consolidated asset base has expanded, with Property, Plant and Equipment reaching Rs 113.07 Cr.
- Consolidated Revenue from operations reached Rs 45.49 Cr for the quarter ended June 30, 2026
- Consolidated Net Profit after tax for the quarter was reported at Rs 5.24 Cr
- Consolidated Basic and Diluted EPS stood at Rs 5.68 for the three-month period
- Property, Plant and Equipment (Consolidated) increased to Rs 113.07 Cr from Rs 103.04 Cr in March 2026
- Non-current consolidated borrowings increased to Rs 25.41 Cr from Rs 10.93 Cr in the previous quarter
CDG Petchem Ltd (now Jujhar Logistics Limited) has scheduled a board meeting for August 12, 2026, to approve un-audited financial results for the quarter ended June 30, 2026. This follows a significant business pivot from plastics to automotive logistics, which saw revenue surge to Rs 52.22 Cr in the March 2026 quarter compared to just Rs 5.25 Cr in March 2025. The company's trading window has been closed since July 1, 2026, and will remain so until 48 hours after the results are declared. Investors will be watching for the sustainability of the high margins (21.4% OPM) achieved during the recent transition.
- Board meeting set for August 12, 2026, to consider Q1 FY27 financial results.
- Trading window for insiders has been closed since July 1, 2026.
- Company recently reported a massive revenue jump to Rs 52.22 Cr in the quarter ended March 2026.
- The business has pivoted to automotive logistics following the 51% stake acquisition in Jujhar Logistic & Travels Ltd.
- Current TTM revenue stands at Rs 80 Cr with a high P/E ratio of 60.0.
Financial Performance
Revenue Growth by Segment
The company is transitioning from petrochemicals to logistics. Standalone revenue for CDG Petchem fell 41.6% YoY to INR 8.98 Cr in FY25 from INR 15.39 Cr in FY24. However, its new 51% subsidiary, Jujhar Logistic & Travels Ltd, reported revenue of INR 159.88 Cr for 9M FY26, which is a 28% increase over its full-year FY25 revenue of INR 124.87 Cr, indicating rapid scaling in the automotive logistics segment.
Geographic Revenue Split
Not disclosed in available documents, though operations are headquartered in Hyderabad, Telangana, with a logistics network serving major automotive hubs across India.
Profitability Margins
Jujhar Logistic reported a Net Profit Margin of 12.75% for 9M FY26 (INR 20.39 Cr PAT on INR 159.88 Cr revenue), compared to 18.13% in FY25. CDG Petchem standalone reported a Net Profit Margin of -12% in FY25, deteriorating from -6% in FY24 due to lower turnover and fixed costs.
EBITDA Margin
Jujhar Logistic achieved an EBITDA margin of 20.73% (INR 33.14 Cr) in 9M FY26. This represents a compression from the 26.35% margin (INR 32.90 Cr) recorded in FY25, likely due to the 'challenging macro and operating environment' cited by management during the scale-up phase.
Capital Expenditure
CDG Petchem incurred INR 0.35 Cr in capital expenditure during FY25. Post-FY25, the company significantly expanded its capital base, increasing paid-up capital from INR 3.07 Cr to INR 9.23 Cr via a private placement of 61,58,000 shares in June 2025 to fund the acquisition of Jujhar Logistic.
Credit Rating & Borrowing
The Interest Coverage Ratio for FY25 stood at 1.31, an improvement from -0.01 in FY24. Total outside liabilities to shareholders' equity (Debt-Equity) was -1.18 in FY25 compared to 10.72 in FY24, reflecting a significant restructuring of the balance sheet and capital infusion.
Operational Drivers
Raw Materials
For the legacy business: Chemicals (Plastics, Polymers), Mats, Mattresses, Insulation Sheets, and Pillows. For the new logistics business: Fuel and vehicle maintenance parts are the primary operational costs, though specific % of total cost is not disclosed.
Import Sources
Chemicals are sourced from leading producers located worldwide through international collaborations, specifically for the Morbido Merchandise subsidiary (prior to its divestment).
Capacity Expansion
The company shifted its main objects in the MOA from the plastic industry to the transportation sector. It expanded its operational capacity by acquiring a 51% stake in Jujhar Logistic & Travels Ltd effective November 18, 2025, moving from a zero-employee standalone entity to a large-scale logistics provider.
Raw Material Costs
Not disclosed in available documents for the logistics segment; legacy chemical trading costs are reflected in the 41.6% drop in standalone turnover.
Manufacturing Efficiency
Not applicable as the company has pivoted to a service-based logistics model. Efficiency is measured by 'damage-free and on-time deliveries' from plant dispatch to dealership gates.
Logistics & Distribution
Distribution is the core business post-acquisition. The company provides automotive logistics for major OEMs. Efficiency is driven by real-time monitoring to reduce transit delays.
Strategic Growth
Expected Growth Rate
28%
Growth Strategy
Growth is being achieved through a total pivot in business strategy: 1) Acquisition of a 51% stake in Jujhar Logistic & Travels Ltd to enter the high-demand automotive logistics sector. 2) Capital infusion via private placement (INR 6.16 Cr increase in paid-up capital). 3) Leveraging a high-profile client base including Maruti and Tata to scale operations. 4) Implementation of GPS and telematics to provide tech-enabled logistics services.
Products & Services
Automotive logistics solutions (transporting vehicles from plants to dealerships), merchant export of chemicals, and distribution of mats, mattresses, and insulation sheets.
Brand Portfolio
Jujhar Logistic & Travels Limited, CDG Petchem, Morbido Merchandise (former subsidiary).
New Products/Services
New service offering: GPS-powered, real-time monitored automotive logistics. Expected to be the primary revenue driver (already contributing INR 159.88 Cr in 9M FY26).
Market Expansion
Expansion into the transportation sector by altering the Memorandum of Association (MOA) to include logistics and vehicle transport.
Strategic Alliances
Acquisition of 51% stake in Jujhar Logistic & Travels Ltd. International collaborations for chemical distribution through Morbido Merchandise (ceased July 2025).
External Factors
Industry Trends
The Indian plastic industry is expanding in food processing and healthcare, but CDG has strategically exited this to enter the logistics sector. The logistics industry is shifting toward tech-enabled, transparent delivery systems (GPS/Telematics) to meet OEM demands for efficiency.
Competitive Landscape
The company faces competition in the logistics sector based on cost-effectiveness, infrastructure facilities, and the ability to provide real-time tracking.
Competitive Moat
Competitive advantage is built on established relationships with major Indian and global auto OEMs (Maruti, Tata, etc.) and a technology-integrated fleet. This creates high switching costs for OEMs who require reliable, damage-free delivery networks.
Macro Economic Sensitivity
Highly sensitive to the Indian automotive industry's production cycles and fuel price volatility, which impacts the logistics segment's operating costs.
Consumer Behavior
Increased demand for passenger vehicles in India drives the need for expanded automotive logistics capacity.
Geopolitical Risks
Risks include changes in government policy regarding import licenses and subsidies, as well as international trade barriers for the merchant export business.
Regulatory & Governance
Industry Regulations
Operations are subject to the Factories Act, Mines Act, and environmental/safety standards for logistics and chemical handling. The company must comply with SEBI (LODR) Regulations for its listed status.
Taxation Policy Impact
The company reported a Deferred Tax Liability of INR 0.33 Cr in FY25, up from INR 0.23 Cr in FY24, due to depreciation differences between the Companies Act and Income Tax Act.
Legal Contingencies
The company received a waiver of fines from the Stock Exchange for various non-compliances under SEBI regulations after paying the directed fine amounts. No other major pending court cases were disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the successful integration and consolidation of Jujhar Logistic's results into CDG Petchem, as only results from Nov 18, 2025, onwards are merged. Macroeconomic shifts could impact the 20%+ EBITDA margins currently seen in the logistics subsidiary.
Geographic Concentration Risk
Operations are concentrated in India, specifically serving the domestic automotive manufacturing hubs.
Third Party Dependencies
High dependency on major automotive OEMs (Maruti, Mahindra, Tata) for logistics revenue.
Technology Obsolescence Risk
Risk of fleet management systems becoming outdated; mitigated by the current use of GPS and real-time telematics.
Credit & Counterparty Risk
Debtors Turnover improved to 3.03 days in FY25, indicating very high receivables quality and efficient collection cycles.
