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Allcargo Logistics Limited (ALLCARGO)

₹10.38 -1.52% last close, 16 Oct

📊 NSE: ALLCARGO 🏢 Logistics Solution Provider 📢 Latest filing: 15 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

📅 Next results: 03 Nov 2026 (board meeting)

Allcargo Logistics Limited's board meets on 3 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Allcargo Logistics' revenue was ₹546 Cr, and net profit ₹14.0 Cr (against a loss a year earlier); the operating margin was 13.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹546	—	+6.2%
Operating profit	₹71.0	—	+16.4%
Net profit	₹14.0	from loss	-26.3%
EPS (₹)	0.09	from loss	-30.8%
Operating margin	13.0%	—	—

Full quarterly financials → Results calendar →

ALLCARGO delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 55.9% of the ALLCARGO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 41.4%. The price fell 1.52% on that unusually high delivery, the pattern the delivery dashboard labels distribution. Volume was 0.4 times its average, well below normal.

55.9%Delivery, 16 Oct

41.4%Own 20-session average

0.4×Volume vs its average

₹10.38NSE close · -1.52%

Delivery in the last 5 sessions: 40.5% · 53.7% · 49.1% · 56.1% · 55.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

SEBI Grants Exemption for 34.41% Stake Transfer to Shashi Kiran Shetty Family Trust

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 15 Oct 2026, 02:29 PM

SEBI has granted an exemption to the Shashi Kiran Shetty Family Trust from making an open offer under Regulations 3 and 4 of SAST Regulations. The trust plans to acquire up to 51,54,24,268 equity shares, representing 34.41% of Allcargo Logistics' paid-up capital, from promoter Shashi Kiran Shetty. This is an internal succession planning reorganization and does not change the overall promoter holding (40.28%) or public shareholding (59.72%). The acquirer must complete the transfer within one year from the order date of October 14, 2026.

SEBI granted takeover open-offer exemption to Shashi Kiran Shetty Family Trust under Regulation 11(5) of SAST Regulations
Trust to acquire 51,54,24,268 shares, representing 34.41% of total equity share capital
Overall promoter shareholding remains unchanged at 40.28%, with no change in economic interest or control
Exemption is valid for 1 year from October 14, 2026, with reporting required within 21 days of acquisition

💡 Track the eventual filing of shareholding pattern updates once the off-market transfer of 34.41% shares is executed within the 1-year timeline.

Allcargo Logistics Submits Reg 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 13 Oct 2026, 02:10 PM

Allcargo Logistics Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that security certificates received for dematerialisation during the quarter were duly processed, confirmed or rejected, and cancelled. This is a standard procedural regulatory compliance report with no operational or financial impact on the business.

Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
Certificate received from RTA MUFG Intime India Private Limited dated October 03, 2026
Submission to stock exchanges completed on October 13, 2026
Confirmation that dematerialised certificates were verified, mutilated, and cancelled as per timelines

💡 No investor action required. Focus on upcoming quarterly earnings releases and operational updates.

Allcargo Logistics Appoints Vijay Nehra as MD Designate; Ketan Kulkarni Shifts to Group Role

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 29 Sep 2026, 05:49 PM

Allcargo Logistics announced a leadership transition where current MD & CEO Ketan Kulkarni has resigned effective January 1, 2027, to take on the role of Chief Growth Officer at the Allcargo Group level. Concurrently, Vijay Nehra has been appointed Chief Transformation Officer and MD Designate effective October 1, 2026, and will assume the MD & CEO position from January 1, 2027, subject to shareholder approval. The leadership reshuffle follows the group's composite scheme of arrangement demerging its international supply chain and consolidating domestic logistics. Both executives will report to Punit Misra, Chief Business Officer of Allcargo Group.

Vijay Nehra appointed Chief Transformation Officer and MD Designate effective October 1, 2026
Vijay Nehra to assume MD & CEO role from January 1, 2027, subject to shareholder approvals
Ketan Kulkarni to transition from MD & CEO to Group Chief Growth Officer effective January 1, 2027
Both leaders will report to Punit Misra, Chief Business Officer, Allcargo Group
Announcement follows group restructuring under composite scheme demerging ISC as Allcargo Global

💡 Track the upcoming shareholder voting for Nehra's formal appointment as MD & CEO, and monitor operational execution in the domestic supply chain business in upcoming quarterly results.

Allcargo Logistics Appoints Vijay Nehra as MD & CEO for 5 Years; Ketan Kulkarni Steps Down

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 28 Sep 2026, 06:23 PM

Allcargo Logistics announced a top leadership transition approved by its Board on September 28, 2026. Managing Director & CEO Ketan Kulkarni has resigned effective December 31, 2026, transitioning to the role of Chief Growth Officer for the Allcargo Group starting January 1, 2027. Mr. Vijay Nehra has been appointed as Chief Transformation Officer & MD Designate from October 1, 2026, and will take over as MD & CEO for a 5-year term starting January 1, 2027, subject to shareholder approval. The incoming CEO brings leadership experience from Ozone Pharmaceuticals, RattanIndia Enterprises, Indiabulls, and Hindustan Unilever.

Mr. Vijay Nehra appointed as MD & CEO for a 5-year tenure effective January 01, 2027.
Mr. Nehra serves as Chief Transformation Officer & MD Designate from October 01, 2026 to December 31, 2026.
Outgoing MD & CEO Ketan Kulkarni resigns effective December 31, 2026, moving to Group Chief Growth Officer on January 01, 2027.
Board meeting commenced at 3:20 p.m. IST and concluded at 4:00 p.m. IST on September 28, 2026.

💡 Track the upcoming shareholder voting for Mr. Nehra's 5-year appointment as MD & CEO, and observe operational priorities under new leadership during ongoing restructuring schemes.

Allcargo Logistics Appoints Vijay Nehra as MD & CEO for 5 Years; Ketan Kulkarni Steps Down

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 28 Sep 2026, 05:37 PM

Allcargo Logistics has announced a leadership transition with Mr. Ketan Kulkarni resigning as Managing Director & CEO effective December 31, 2026, to transition into a broader role as Chief Growth Officer for the Allcargo Group starting January 1, 2027. Mr. Vijay Nehra has been appointed as Chief Transformation Officer & MD Designate from October 1, 2026, to December 31, 2026, and will take over as Managing Director & CEO for a 5-year term starting January 1, 2027, subject to shareholder approval. Mr. Nehra brings executive experience from Ozone Pharmaceuticals, RattanIndia Enterprises, and Hindustan Unilever.

Ketan Kulkarni resigns as MD & CEO effective close of business December 31, 2026
Vijay Nehra appointed as MD & CEO for a term of 5 consecutive years starting January 1, 2027
Vijay Nehra to serve as Chief Transformation Officer & MD Designate from October 1, 2026, to December 31, 2026
Ketan Kulkarni transitions to Chief Growth Officer of Allcargo Group starting January 1, 2027

💡 Track the upcoming shareholder voting for the approval of Mr. Nehra's appointment and watch for any strategic realignment updates during Q3/Q4 FY27 results.

Allcargo Logistics Appoints Vijay Nehra as MD & CEO for 5 Years; Ketan Kulkarni Steps Down

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 28 Sep 2026, 05:22 PM

Mr. Vijay Nehra appointed as MD & CEO for a 5-year tenure effective January 01, 2027.
Mr. Nehra serves as Chief Transformation Officer & MD Designate from October 01, 2026 to December 31, 2026.
Outgoing MD & CEO Ketan Kulkarni resigns effective December 31, 2026, moving to Group Chief Growth Officer on January 01, 2027.
Board meeting commenced at 3:20 p.m. IST and concluded at 4:00 p.m. IST on September 28, 2026.

💡 Track the upcoming shareholder voting for Mr. Nehra's 5-year appointment as MD & CEO, and observe operational priorities under new leadership during ongoing restructuring schemes.

Allcargo Logistics Releases 33rd AGM Transcript Detailing FY26 Performance and Vision 2030

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 05:34 PM

Allcargo Logistics published the transcript of its 33rd Annual General Meeting held on September 16, 2026. The Chairman noted that FY26 revenue from operations reached INR 2,058 crore, with EBITDA rising 16% to INR 233 crore. The express distribution business handled 12.3 lakh metric tons during the year, while consultative logistics grew revenue by 17% YoY. Management reiterated its Vision 2030 roadmap, continuous capex for upgrading four facilities, and diesel price hike passthrough mechanisms.

FY26 revenue from operations reported at INR 2,058 crore, with EBITDA up 16% to INR 233 crore
Express distribution segment handled 12.3 lakh metric tons in volume during FY26
Consultative logistics business posted 17% YoY revenue growth
Upgrading of four facilities is currently underway under calibrated capex initiatives

💡 Monitor upcoming Q2 FY27 results and management's progress on margin expansion via yield management and composite restructuring milestones.

Allcargo Logistics Releases 33rd AGM Transcript Detailing FY26 Performance and Vision 2030

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 03:26 PM

FY26 revenue from operations reported at INR 2,058 crore, with EBITDA up 16% to INR 233 crore
Express distribution segment handled 12.3 lakh metric tons in volume during FY26
Consultative logistics business posted 17% YoY revenue growth
Upgrading of four facilities is currently underway under calibrated capex initiatives

💡 Monitor upcoming Q2 FY27 results and management's progress on margin expansion via yield management and composite restructuring milestones.

Allcargo Logistics Shareholders Approve All 4 AGM Resolutions with Over 98% Support

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Sep 2026, 08:30 PM

Allcargo Logistics Limited concluded its 33rd Annual General Meeting on September 16, 2026, where all 4 resolutions were approved by shareholders. Total voter turnout stood at 45.09% of outstanding shares (67.53 crore votes polled out of 149.78 crore total shares). The resolutions included adoption of FY26 financial statements, reappointment of Director Kaiwan Kalyaniwalla, payment of commission to Non-Executive Directors (98.32% in favor), and continuation of directorship for Independent Director Dinesh Kumar Lal (99.97% in favor).

All 4 ordinary and special resolutions approved with requisite majority at the 33rd AGM
Overall voter participation reached 45.09% across 67,53,01,824 polled shares
Resolution for commission payment to Non-Executive Directors passed with 98.32% approval
Continuation of directorship for Dinesh Kumar Lal passed with 99.97% approval
A total of 93 public shareholders attended the meeting via video conferencing

💡 Track progress on the composite restructuring scheme and the anticipated Q4 FY26 listing of Allcargo Global, alongside upcoming Q2 FY27 operational volume updates.

Allcargo Logistics Schedules Virtual Group Analyst & Investor Meet for September 21, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Sep 2026, 05:27 PM

Allcargo Logistics Limited has scheduled a virtual group meeting with analysts and institutional investors on September 21, 2026, from 4:00 PM to 5:00 PM IST. The company stated that the discussions will be based strictly on publicly available information, including its existing Q1FY27 investor presentation from August 2026. No unpublished price sensitive information (UPSI) will be discussed. This is a standard corporate IR engagement with no direct operational or financial changes announced.

Virtual group analyst and investor meeting scheduled for September 21, 2026
Meeting time slated for 4 PM to 5 PM IST
Discussions to rely on existing Q1FY27 investor presentation from August 2026
No unpublished price sensitive information (UPSI) will be disclosed

💡 Track if any post-meeting investor presentation or transcript is uploaded to stock exchanges for commentary on freight volume trends and restructuring progress.

Allcargo Logistics Schedules Physical Investor Meet with Tata Mutual Fund on August 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:23 PM

Allcargo Logistics Limited has informed the stock exchanges regarding a physical meeting scheduled with Tata Mutual Fund on August 31, 2026, from 3:30 PM to 4:30 PM in Mumbai. The company stated that discussions will strictly adhere to publicly available data, using its Q1FY27 investor presentation. No unpublished price-sensitive information (UPSI) will be discussed.

One-on-one physical investor meeting scheduled with Tata Mutual Fund on August 31, 2026.
Meeting time fixed from 3:30 PM to 4:30 PM IST in Mumbai.
Discussion grounded in the already available Q1FY27 investor presentation without any UPSI.

💡 Track subsequent company disclosures or post-meet presentation updates, though no immediate financial or operational impact is expected.

Allcargo Logistics Schedules Investor Meetings on September 1 and September 3, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 02:19 PM

Allcargo Logistics Limited has scheduled meetings with analysts and institutional investors in September 2026. The company will conduct a virtual meeting with Ventura Securities on September 1, 2026 (12 PM – 1 PM) and attend the physical Elara Conference in Mumbai on September 3, 2026 (10 AM – 3 PM). The discussions will reference the publicly available Q1FY27 investor presentation, with no unpublished price sensitive information (UPSI) shared.

Virtual meeting scheduled with Ventura Securities on September 1, 2026 (12 PM – 1 PM)
Physical conference meeting at Elara Conference in Mumbai on September 3, 2026 (10 AM – 3 PM)
Discussions to be based strictly on the publicly available Q1FY27 Investor Presentation (August 2026)

💡 Track the uploaded Q1FY27 investor presentation and watch for any subsequent disclosures or transcripts following the investor interactions.

Allcargo Logistics Schedules Investor Meetings on September 1 and September 3, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 02:07 PM

Allcargo Logistics Limited has disclosed its schedule of upcoming analyst and institutional investor interactions. The company will conduct a virtual meeting with Ventura Securities on September 1, 2026, from 12 PM to 1 PM. Additionally, it will participate physically at the Elara Conference in Mumbai on September 3, 2026, between 10 AM and 3 PM. Discussions will rely on the publicly available Q1FY27 investor presentation without sharing any unpublished price-sensitive information.

Virtual meeting scheduled with Ventura Securities on September 1, 2026 (12 PM – 1 PM)
Physical conference participation at Elara Conference in Mumbai on September 3, 2026 (10 AM – 3 PM)
Discussions to be based strictly on publicly available Q1FY27 presentation with no UPSI

💡 Track if any post-meet disclosures or updated investor presentations are filed following the Elara Conference.

Allcargo Logistics: Intimation of FY26 AGM on Sep 16, 2026 and Dispatch of Annual Report Notice

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 25 Aug 2026, 02:00 PM

Allcargo Logistics Limited has issued an intimation regarding the dispatch of letters to shareholders whose email addresses are not registered, providing the web link to access the FY2025-26 Annual Report and AGM Notice. The 33rd Annual General Meeting (AGM) is scheduled to be held on Wednesday, September 16, 2026, at 3:00 PM IST via Video Conferencing / Other Audio Visual Means. The letter also includes reminders to shareholders to complete KYC updation and dematerialise physical shares pursuant to SEBI regulations. This is a standard regulatory compliance filing under Regulation 36(1)(b) of the SEBI Listing Regulations.

33rd Annual General Meeting (AGM) scheduled for September 16, 2026, at 3:00 PM IST via VC/OAVM
Communication sent pursuant to SEBI Listing Regulation 36(1)(b) for FY 2025-26 Annual Report access
Shareholders reminded to update KYC and demat physical shares as per SEBI circular dated May 07, 2024

💡 Physical shareholders should update mandatory KYC details with the RTA to prevent dividend or electronic payout restrictions. Track the AGM proceedings scheduled for September 16, 2026.

Allcargo Logistics schedules 33rd AGM on September 16, 2026; cut-off date September 9

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 06:10 PM

Allcargo Logistics Limited has issued the notice for its 33rd Annual General Meeting (AGM) to be held on Wednesday, September 16, 2026, via video conferencing. The voting cut-off date is set for September 9, 2026, with remote e-voting running from September 13 to September 15, 2026. Key agenda items include the adoption of FY2025-26 audited financial statements, payment of commission to Non-Executive Directors (even if exceeding 1% of net profits under Section 198), and approval for the continuation of Mr. Dinesh Kumar Lal's directorship beyond 75 years of age.

33rd AGM scheduled for September 16, 2026, at 3:00 PM IST via video conferencing
Cut-off date for voting eligibility set as September 9, 2026
Remote e-voting window open from September 13, 2026 (9:00 AM IST) to September 15, 2026 (5:00 PM IST)
Special resolution proposed for payment of commission to Non-Executive Directors effective April 1, 2025
Special resolution proposed to continue directorship of Mr. Dinesh Kumar Lal upon attaining 75 years of age

💡 Eligible shareholders holding shares on September 9, 2026, can participate in remote e-voting between September 13 and September 15, 2026, or during the AGM on September 16, 2026.

View All ALLCARGO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, the company reported a revenue growth of 10-11% YoY, driven by a combination of price and volume. For fiscal 2025, the International Supply Chain (ISC) segment contributed 88% of total revenue (INR 14,077 Cr), Express Logistics contributed 9%, and Contract Logistics contributed 3%.

Geographic Revenue Split

The company operates across multiple geographies globally, which helps negate localized business impacts. Specific percentage splits per region are not disclosed in the available documents.

Profitability Margins

H1 FY26 Gross Margin (GM) stood at 29%. The company reported a positive Profit Before Tax (PBT) of INR 9 Cr in Q2 FY26, a significant improvement from the negative PBT reported in the previous quarter and the same quarter last year.

EBITDA Margin

The company has provided a guidance for an EBITDA CAGR of 20% through FY28. Operating leverage is expected to play out to drive higher EBITDA growth relative to revenue as the restructuring synergies are realized.

Capital Expenditure

The company is maintaining an asset-light business approach but has planned capital expenditure of nearly INR 330 Cr for the current fiscal year to support its logistics infrastructure.

Credit Rating & Borrowing

As of June 30, 2025, the company had a gross debt of INR 1,059 Cr and a net debt of INR 467 Cr. Gearing was 0.44 times as of March 31, 2025, with an adjusted interest cover of approximately 3.3 times for fiscal 2025.

⚙️ Operational Drivers

Raw Materials

As a logistics provider, primary operational costs are 'Freight and Handling Costs' and 'Fuel/Energy', rather than traditional raw materials. Freight advances are mentioned as a key financial component.

Import Sources

The company sources freight capacity globally from international shipping lines and airlines to support its ISC and express distribution services.

Key Suppliers

Suppliers include global shipping lines and airlines. The company acts as an agent for various lines in its International Supply Chain business.

Capacity Expansion

In Q2 FY26, the company handled a total volume of 3.26 lakh metric tons, representing a 6% YoY increase and an 11% QoQ increase. Expansion is driven by the asset-light model and network growth.

Raw Material Costs

Not disclosed as a percentage of revenue; however, freight and handling costs are the primary drivers of the 71% cost of sales (implied by the 29% Gross Margin).

Manufacturing Efficiency

Operational efficiency is measured by volume growth; the express business delivered its highest-ever quarterly revenue and volume in Q2 FY26.

Logistics & Distribution

Distribution costs are the core of the Express and ISC segments. The Express business achieved record volumes in Q2 FY26 due to festive season demand.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be achieved through a composite restructuring scheme that eliminates the holding structure, merging Express and Consultative Logistics into Allcargo Logistics to unlock synergies and operational efficiencies. The company is also listing its ISC business separately as Allcargo Global in Q4 FY26 to unlock value.

Products & Services

Services include LCL (Less than Container Load) consolidation, FCL (Full Container Load) forwarding, express distribution, contract logistics, and consultative logistics.

Brand Portfolio

Allcargo Logistics, Gati, Allcargo Global, Allcargo Supply Chain.

New Products/Services

The company is focusing on integrated transportation and logistics solutions, combining Gati's reach with ISC and contract logistics to offer end-to-end services.

Market Expansion

The restructuring aims to position the company for long-term value; Allcargo Global is expected to be listed on exchanges in Q4 FY26.

Market Share & Ranking

Allcargo is a leading integrated logistics player in India with a dominant position in the LCL consolidation market globally.

Strategic Alliances

The company acquired Gati Limited (now Allcargo Gati) for INR 406.5 Cr and the remaining stake in ASCPL for INR 163 Cr to integrate domestic and contract logistics.

🌍 External Factors

Industry Trends

The industry is shifting toward integrated, digital-first logistics. Allcargo is positioning itself by eliminating its step-down holding structure to become a single operating listed entity by January 1, 2026.

Competitive Landscape

Competes with global freight forwarders and domestic express players like Blue Dart and TCI Express.

Competitive Moat

The moat is sustained by a global network in over 180 countries and the vertical integration of Gati’s domestic reach, which is difficult for competitors to replicate quickly.

Macro Economic Sensitivity

Highly sensitive to global GDP and trade volumes; a slowdown in trade is a primary downward rating factor for its credit profile.

Consumer Behavior

Demand is influenced by festive seasons in India, which drove record volumes in the express business during Q2 FY26.

Geopolitical Risks

Geopolitical tensions affecting trade routes or resulting in trade barriers pose a risk to the ISC segment's volumes.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to international maritime regulations, pollution norms for its fleet/vehicles, and import/export restrictions across various geographies.

Environmental Compliance

The company has expressed a commitment to ESG principles to enhance stakeholder confidence and access to capital markets.

Taxation Policy Impact

The company follows standard corporate tax rates; specific fiscal impacts are not detailed beyond the impact of the restructuring scheme.

Legal Contingencies

The company received a legal notice from the promoter of RSLPL for a claim of INR 10 Cr regarding alleged unauthorized freight advances by a former CEO. The company does not expect a material impact from this.

⚠️ Risk Analysis

Key Uncertainties

Key risks include a sustained slowdown in global trade volumes (potential impact on 88% of revenue) and the successful integration of the merged entities.

Geographic Concentration Risk

Revenue is diversified globally, though the domestic Indian market is a significant focus for the Express and Contract logistics segments.

Third Party Dependencies

High dependency on third-party shipping lines and airlines for ISC capacity, as the company operates an asset-light model.

Technology Obsolescence Risk

The company is investing in strategic restructuring to enhance operational efficiencies and mitigate the risk of digital disruption in the logistics chain.