Brace Port Logistics Limited (BRACEPORT)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Brace Port's revenue was ₹32.9 Cr (-8.6% year on year, +0.0% on the previous half-year), and net profit ₹2.5 Cr (-19.9% year on year); the operating margin was 9.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹32.9 | -8.6% | +0.0% |
| Operating profit | ₹3.0 | -23.8% | +0.0% |
| Net profit | ₹2.5 | -19.9% | +0.0% |
| EPS (₹) | 2.20 | -20.0% | +0.0% |
| Operating margin | 9.1% | — | — |
BRACEPORT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the BRACEPORT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.62%. That is higher than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 83.3% · 100.0% · 100.0% · 50.0% · 100.0%
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
Brace Port Logistics Limited announced the voting results and Scrutinizer's Report for its 06th Annual General Meeting held on September 29, 2026. A total of 6 resolutions were considered, including the adoption of FY26 financial statements, declaration of final dividend, director regularisations, and approval of material related party transactions. All resolutions passed with 100% of the valid votes cast in favour. For the related party transaction resolution, 8,239,100 promoter votes were treated as invalid due to interested parties abstaining as required.
- All 6 resolutions passed with 100.00% valid votes polled in favour
- Overall voter turnout was 77.73% of outstanding shares (8,784,400 out of 11,301,200 shares)
- For Resolution 6 (material related party transaction), 8,239,100 interested promoter votes were excluded, leaving 545,300 votes cast in favour
- Total number of registered shareholders on the record date (September 22, 2026) was 643
Brace Port Logistics Limited disclosed insider trading activity under Regulation 7(2) of SEBI PIT Regulations. Director Himanshu Chhabra acquired 9,600 equity shares via open market purchase on September 21, 2026, for a total consideration of INR 5,18,400. Following this transaction, his personal shareholding increased from 1,34,300 shares (1.188%) to 1,43,900 shares (1.27%).
- Director Himanshu Chhabra purchased 9,600 equity shares on market on September 21, 2026
- Total transaction value was INR 5,18,400.00 (excluding taxes and brokerage)
- Shareholding increased by 0.085% from 1.188% (1,34,300 shares) to 1.27% (1,43,900 shares)
Brace Port Logistics Limited disclosed insider trading activity under Regulation 7(2) of SEBI PIT Regulations. Director Himanshu Chhabra acquired 9,600 equity shares via open market purchase on September 21, 2026, for a total consideration of INR 5,18,400. Following this transaction, his personal shareholding increased from 1,34,300 shares (1.188%) to 1,43,900 shares (1.27%).
- Director Himanshu Chhabra purchased 9,600 equity shares on market on September 21, 2026
- Total transaction value was INR 5,18,400.00 (excluding taxes and brokerage)
- Shareholding increased by 0.085% from 1.188% (1,34,300 shares) to 1.27% (1,43,900 shares)
Brace Port Logistics Limited announced that Mrs. Megha Verma has resumed her duties as Company Secretary and Compliance Officer effective September 16, 2026. This is in continuation of an earlier intimation submitted by the company on February 17, 2026. The announcement is purely administrative and relates to routine secretarial governance.
- Megha Verma resumed duties as Company Secretary and Compliance Officer effective September 16, 2026
- Reference made to earlier intimation dated February 17, 2026
- Intimation submitted under Regulation 30 of SEBI LODR Regulations, 2015
Brace Port Logistics Limited announced internal senior management updates effective September 16, 2026. Mr. Sanjay Tiwari has been appointed as Operations and Customer Relations Manager (Senior Management Personnel), having been with the company since January 2021. Concurrently, Mr. Anuj Shokeen, who joined in July 2023, has been redesignated from Sales & Marketing Manager to General Manager due to consistent high performance. The changes reflect standard operational human resource adjustments in a business reporting Rs 151 Cr in TTM revenue.
- Appointment of Mr. Sanjay Tiwari as Operations and Customer Relations Manager effective September 16, 2026
- Promotion of Mr. Anuj Shokeen from Sales & Marketing Manager to General Manager effective September 16, 2026
- Mr. Sanjay Tiwari brings approximately 8 years of logistics industry experience and joined the company in January 2021
- Mr. Anuj Shokeen brings approximately 8 years of professional experience and joined the company in July 2023
Brace Port Logistics Limited has issued the notice for its 6th Annual General Meeting (AGM) scheduled for September 29, 2026. The company has set September 22, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. Remote e-voting will be open from September 26, 2026 (09:00 AM) to September 28, 2026 (05:00 PM). Share transfer books and the register of members will remain closed from September 23, 2026, to September 29, 2026.
- 6th Annual General Meeting (AGM) scheduled for September 29, 2026, at 01:30 PM
- Cut-off date for voting eligibility set as September 22, 2026
- Remote e-voting window open between September 26, 2026, and September 28, 2026
- Register of Members closed from September 23 to September 29, 2026
Brace Port Logistics Limited has fixed Tuesday, September 22, 2026, as the record date to determine shareholder eligibility for the FY2025-26 dividend. The dividend is subject to approval at the upcoming Annual General Meeting (AGM). Upon declaration, payment will be executed within 30 days of the AGM.
- Record date fixed as September 22, 2026
- Applicable for determining eligibility for FY 2025-26 dividend
- Payment to be disbursed within 30 days from the date of declaration at AGM
Brace Port Logistics has announced the outcome of its Board meeting held on August 29, 2026. The company scheduled its 6th Annual General Meeting (AGM) for Tuesday, September 29, 2026, to be held via Audio Visual Mode. It has set Tuesday, September 22, 2026, as the record date for determining shareholder eligibility for the FY 2025-26 dividend, subject to AGM approval. The register of members and share transfer books will remain closed from September 23 to September 29, 2026.
- 6th Annual General Meeting scheduled for September 29, 2026 at 01:30 PM
- Record date for FY 2025-26 dividend entitlement set as September 22, 2026
- Book closure period fixed from September 23, 2026 to September 29, 2026
- M/s. MSTR & Associates appointed as Scrutinizer for the e-voting process
Brace Port Logistics Limited has filed its quarterly statement of investor complaints for the period ending June 30, 2026. This is a mandatory regulatory submission under SEBI Regulation 13(3) to ensure transparency regarding shareholder grievances. The filing was submitted to the National Stock Exchange on July 29, 2026. While the specific number of complaints was not detailed in the cover letter, this represents standard compliance for the first quarter of the fiscal year.
- Filing pertains to the quarter ended June 30, 2026
- Submitted under SEBI Regulation 13(3) of the LODR Regulations, 2015
- Document officially recorded on July 29, 2026
- Company maintains a TTM revenue base of ₹151 Cr as per latest context
Financial Performance
Revenue Growth by Segment
The company is expected to achieve a revenue of INR 75-80 Cr in fiscal 2025, representing a growth of approximately 36-45% over the INR 55 Cr recorded in fiscal 2024. This growth is driven by both improved realization and volumetric growth in air and ocean freight forwarding segments. In H1 fiscal 2025, the company already achieved INR 49.55 Cr in revenue.
Geographic Revenue Split
While specific percentage splits are not disclosed, the company operates as part of the Skyways group which has a global footprint in Germany, Vietnam, Bangladesh, Hong Kong, UAE, Cambodia, Thailand, UK, and USA. BPLL leverages this international network to provide cross-border logistics services.
Profitability Margins
Operating margins were stable at 9.8% as of September 2024 and are expected to remain range-bound between 9.8% and 10.0% through fiscal 2025. PAT margin was 8.83% in fiscal 2024 (INR 4.85 Cr profit) compared to 8.67% in fiscal 2023 (INR 6.11 Cr profit).
EBITDA Margin
Operating margin is maintained at approximately 9.8% to 10.0%. Core profitability is supported by efficient working capital management and operational synergies with the parent company, SASPL, which allows for better cost absorption.
Capital Expenditure
The company has no major debt-funded capital expenditure (capex) plans for the medium term. Growth is expected to be supported by internal accruals and existing reserves, maintaining a healthy capital structure.
Credit Rating & Borrowing
Credit ratings were upgraded in March 2025 to 'CRISIL BBB+/Stable' for long-term facilities and 'CRISIL A2' for short-term facilities. Borrowing costs are minimized by low dependence on external debt, with gearing expected to improve to 0.02 times by March 31, 2025.
Operational Drivers
Raw Materials
The primary 'raw materials' are freight space and cargo capacity, which represent the bulk of service costs. Specific costs for air and ocean freight slots are not disclosed as a percentage but are the primary drivers of the 90% operating cost base.
Import Sources
Not applicable as a service provider; however, the company sources logistics capacity globally through its parent's network in regions including Europe (Germany, UK), Asia (Vietnam, Hong Kong, Thailand), and North America (USA).
Key Suppliers
Suppliers include major international and domestic airlines and shipping lines. Specific names of these carriers are not disclosed in the provided documents.
Capacity Expansion
The company does not have traditional manufacturing capacity; however, it is expanding its service capacity by adding new retail customers and increasing freight volumes, targeting a 15-20% revenue improvement annually.
Raw Material Costs
Service procurement costs are managed through the Skyways group's consolidated bargaining power. Prudent working capital management ensures that these costs do not lead to liquidity stress, with a current ratio of 1.85 times as of March 2024.
Manufacturing Efficiency
Efficiency is measured by operating margins (9.8%) and return on capital employed. The company achieved a revenue of INR 49.55 Cr in the first six months of fiscal 2025, indicating high utilization of its operational network.
Logistics & Distribution
Distribution and freight forwarding are the core business. Operating income was INR 55 Cr in FY24, with the company acting as an intermediary in the global supply chain.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be achieved through the addition of new customers and a strategic shift toward retail customers to improve operating efficiency. The company also leverages the 50-year experience of its promoters and the established global network of its parent, SASPL, to capture higher freight volumes.
Products & Services
Air freight forwarding, ocean freight forwarding, customs clearance, domestic surface distribution, door delivery, warehousing, and consolidation services.
Brand Portfolio
BracePort Logistics
New Products/Services
Expansion into retail customer segments is expected to contribute to the projected 15-20% revenue growth by diversifying the client base beyond traditional wholesale logistics.
Market Expansion
The company is expanding its reach through the Skyways group's international subsidiaries in locations such as Germany, Vietnam, UAE, and the USA to capture more cross-border trade lanes.
Market Share & Ranking
The company's scale is described as 'modest,' contributing approximately 5% of the Skyways group's consolidated revenue.
Strategic Alliances
BPLL is a 51.09% subsidiary of Skyways Air Services Pvt Ltd (SASPL), which provides critical operational and financial linkages.
External Factors
Industry Trends
The logistics industry is evolving toward integrated service offerings. BPLL is positioning itself by diversifying into air, ocean, and road transport to provide end-to-end solutions, despite the industry's high competitiveness and low entry barriers.
Competitive Landscape
Intense competition from numerous organized and unorganized players leads to price undercutting and restricts the scalability of operations.
Competitive Moat
The company's moat is derived from its association with the Skyways group and the promoters' 50+ years of experience. This provides 'cost leadership' through group-level procurement and 'network effects' from the parent's global branches, which are sustainable as long as parent support continues.
Macro Economic Sensitivity
Highly sensitive to global GDP growth and trade volumes. An economic slowdown directly reduces the volume of goods requiring air and ocean transport, impacting the top line.
Consumer Behavior
Shifts toward e-commerce and faster delivery times are increasing the demand for efficient air freight and last-mile delivery services.
Geopolitical Risks
Trade barriers or geopolitical tensions in regions where the parent operates (e.g., UAE, Vietnam, Germany) could disrupt freight routes and increase operational costs.
Regulatory & Governance
Industry Regulations
Operations are governed by international freight standards, customs regulations, and import/export restrictions. Compliance is managed through the company's customs clearance division.
Environmental Compliance
Not disclosed; logistics companies are subject to evolving emission norms for transport fleets, but specific ESG costs are not provided.
Taxation Policy Impact
Not specifically disclosed; however, the company's PAT margin of 8.83% suggests standard corporate tax applications.
Legal Contingencies
No specific pending court cases or legal values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
The primary uncertainty is the sustainability of rapid growth (from INR 55 Cr to an estimated INR 75-80 Cr) in a highly competitive and cyclical industry. A significant decrease in operating income leading to cash accrual below INR 2 Cr would be a downward rating factor.
Geographic Concentration Risk
While the company is India-based, its revenue is tied to international trade lanes. Specific regional revenue percentages are not disclosed.
Third Party Dependencies
High dependency on the parent company (SASPL) for financial and managerial support, and on third-party carriers for freight capacity.
Technology Obsolescence Risk
The company is undergoing digital transformation to manage logistics more efficiently, though specific tech spend is not disclosed.
Credit & Counterparty Risk
Receivables quality is supported by 'healthy relationships with customers,' and the company maintains a healthy current ratio of 1.85 times to buffer against credit risks.
