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Globe International Carriers Limited (GICL)

₹25.08 +3.17% last close, 16 Oct

📊 NSE: GICL 🏢 Logistics Solution Provider 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Globe International's revenue was ₹37.2 Cr (+5.0% year on year, -32.0% on the previous quarter), and net profit ₹1.6 Cr (+12.0% year on year); the operating margin was 9.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹37.2	+5.0%	-32.0%
Operating profit	₹3.5	+10.8%	+36.8%
Net profit	₹1.6	+12.0%	+6.1%
EPS (₹)	0.15	-6.3%	-11.8%
Operating margin	9.4%	—	—

Full quarterly financials → Results calendar →

GICL exchange data

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

It closed at its upper price band (circuit) on 16 Oct, one of 5 band closes in about the last 20 sessions.

₹25.08NSE close · +3.17%

Circuit stocks →

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

GICL Files Q1 FY27 Presentation: Revenue at ₹37.18 Cr, Consolidated PAT Up 11.8% to ₹1.62 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Oct 2026, 03:51 PM

Globe International Carriers Limited (GICL) released its investor presentation for Q1 FY27 (ended June 30, 2026), reporting consolidated revenue of ₹37.18 Cr, up 5.0% YoY, and PAT of ₹1.62 Cr, up 11.8% YoY. EBITDA grew 11.0% to ₹3.50 Cr, expanding margins to 9.4% due to freight and handling costs declining to 82.7% of revenue. The core logistics business contributed 94.8% (₹35.23 Cr) of quarterly revenue, driven heavily by renewable energy cargo which comprised 41.3% of total tonnage moved. Net worth stood at ₹98 Cr with a low reported debt-to-equity ratio of 0.08x at the end of FY26.

Q1 FY27 consolidated revenue stood at ₹37.18 Cr (+5.0% YoY) and PAT reached ₹1.62 Cr (+11.8% YoY)
EBITDA margin improved to 9.4% from 8.9% YoY, with freight, handling, and servicing costs declining to 82.7% of revenue
Logistics formed 94.8% (₹35.23 Cr) of revenue, with real estate at 4.45% (₹1.66 Cr) and others at 0.80% (₹0.30 Cr)
Moved 1,21,767 MT of freight across 3,923 trips, with renewable energy cargo accounting for 41.3% (50,267 MT)

💡 Track the upcoming Q2 FY27 results to monitor whether freight volume expansion in the renewable energy segment sustains margin improvements.

Globe International Carriers Submits Reg 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 04:12 PM

Globe International Carriers Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended 30th September 2026 and was issued by registrar MUFG Intime India Private Limited on 03-10-2026. The registrar confirmed that security certificates received for dematerialisation were processed, rejected or accepted, and cancelled per regulatory timelines. This is a standard quarterly administrative filing with no impact on business operations or financials.

Compliance certificate filed under Regulation 74(5) of SEBI Regulations, 2018
Covers the quarter ended 30th September, 2026
Issued by RTA MUFG Intime India Private Limited on 03-10-2026
Company filing date registered as 08/10/2026

💡 No action needed. Investors should monitor upcoming quarterly financial results for material operational updates.

Globe International Carriers Submits Rectified Standalone Q1 FY27 Results Following NSE Query

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 09 Sep 2026, 01:30 PM

Globe International Carriers Limited responded to an NSE clarification regarding its financial filing for the quarter ended June 30, 2026. The exchange noted that Standalone Financial Results were missing and the uploaded document was not in a machine-readable format. The company clarified that this omission was an inadvertent oversight and has now submitted the rectified standalone results alongside a legible, text-searchable copy.

Responded to NSE clarification regarding omission of standalone financial results for Q1 ended June 30, 2026
Submitted fresh, legible, and machine-readable copy of financial results
Reiterated acquisition terms of 51% stake in Govind Kripa Infratech Private Limited for ₹29.43 Cr (40,80,000 shares)
Noted ₹13.50 Cr altered right issue funds earmarked for working capital remained unutilized till the end of the quarter

💡 Track the newly filed standalone financials on the exchange portal for any operational variance compared to consolidated performance.

GICL Convenes 16th AGM on Sept 30, 2026; Proposes Managerial Remuneration Hikes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 01:08 PM

Globe International Carriers Limited has issued the notice for its 16th Annual General Meeting (AGM) scheduled for September 30, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 audited financial statements and shareholder approval for executive pay revisions. The board has proposed increasing the annual remuneration of Managing Director Mr. Subhash Agrawal from Rs 18 lakh to Rs 24 lakh, and Whole-time Director Mrs. Surekha Agrawal from Rs 6 lakh to Rs 12 lakh, effective April 1, 2026.

16th Annual General Meeting scheduled for September 30, 2026 at 3:00 PM IST via VC/OAVM
Cut-off date for remote e-voting set as September 23, 2026
Remote e-voting window runs from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
Proposed salary revision for MD Mr. Subhash Agrawal from Rs 18,00,000 to Rs 24,00,000 per annum
Proposed salary revision for Whole-time Director Mrs. Surekha Agrawal from Rs 6,00,000 to Rs 12,00,000 per annum

💡 Eligible shareholders holding shares on the cut-off date of September 23, 2026, can participate in e-voting between September 27 and September 29, 2026. Track the voting results post-AGM.

GICL Reports Q1 FY27 Revenue of Rs 37.18 Cr, Consolidated PBT at Rs 2.46 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 04 Sep 2026, 02:52 PM

Globe International Carriers Limited announced its Q1 FY27 (quarter ended June 30, 2026) financial results, reporting consolidated revenue from operations of Rs 37.18 Cr, up 5.0% YoY from Rs 35.40 Cr, but down 32.2% sequentially from Rs 54.85 Cr in Q4 FY26. Consolidated profit before tax (PBT) reached Rs 2.46 Cr compared to Rs 1.87 Cr in Q1 FY26 and Rs 2.62 Cr in Q4 FY26. Newly acquired 51% subsidiary Govind Kripa Infratech Pvt Ltd contributed Rs 1.89 Cr to revenue with a net loss of Rs 0.47 Cr, while 100% subsidiary Intraglobe Green Energy contributed Rs 7.28 Lakhs in revenue.

Consolidated revenue from operations stood at Rs 37.18 Cr (Rs 3,718.21 Lakhs), up 5.0% YoY vs Rs 35.40 Cr in Q1 FY26.
Profit before tax grew 31.3% YoY to Rs 2.46 Cr (Rs 245.58 Lakhs) from Rs 1.87 Cr in Q1 FY26.
Freight, handling, and servicing costs were Rs 30.76 Cr, forming 82.7% of total revenue from operations.
Subsidiary Govind Kripa Infratech recorded revenue of Rs 1.89 Cr (Rs 189.40 Lakhs) and a net loss of Rs 46.83 Lakhs.
Intraglobe Green Energy reported revenue of Rs 7.28 Lakhs with a net loss of Rs 0.51 Lakhs.

💡 Track whether subsidiary Govind Kripa Infratech achieves operational profitability in upcoming quarters and monitor cost pass-through efficiency in core logistics services.

June 30, 2026: GICL Submits Routine SEBI Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 11:54 AM

Globe International Carriers Limited (GICL) has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all securities received for dematerialization during the quarter ended June 30, 2026, were processed within the prescribed timelines. This is a standard administrative filing required for all listed companies to ensure the integrity of electronic shareholding records. The filing has no impact on the company's financial performance or business operations.

Compliance certificate for the quarter ended June 30, 2026.
Certificate issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on July 1, 2026.
Confirms that physical share certificates were mutilated and cancelled after due verification.
Confirms the name of depositories has been substituted in the register of members as the registered owner.

💡 This is a routine procedural filing. Investors should focus on upcoming quarterly financial results to monitor the company's TTM revenue of Rs 175 Cr and its progress in the logistics segment.

GICL Announces Trading Window Closure from July 01, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 10:50 AM

Globe International Carriers Limited (GICL) has announced the closure of its trading window for all designated persons and their immediate relatives starting July 01, 2026. This is a mandatory regulatory procedure under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of quarterly financial results. The window will remain closed until 48 hours after the declaration of the un-audited financial results for the quarter ending June 30, 2026. Investors should note that the company recently reported a TTM revenue of ₹175 Cr and a TTM PAT of ₹12 Cr.

Trading window closure effective from July 01, 2026, for all designated persons.
Closure is in relation to the un-audited financial results for the quarter ending June 30, 2026.
The window will reopen 48 hours after the results are officially declared to the exchange.
Compliance is maintained as per SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 Watch for the upcoming announcement of the Board Meeting date, which will specify when the Q1 FY27 financial results will be released.

GICL Reports FY26 Consolidated PAT of ₹11.62 Cr; Migrates to NSE Main Board

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 26 Jun 2026, 04:11 PM

Globe International Carriers Limited (GICL) reported a consolidated Profit After Tax (PAT) of ₹11.62 Cr for FY2026, supported by its core logistics business and strategic subsidiaries. A major milestone was achieved in February 2026 with the company's migration from the SME platform to the NSE Main Board. The company's asset-light aggregator model managed over 2,500 vehicles and moved nearly 7 lakh metric tonnes of cargo. Diversification into Solar EPC and Real Estate through subsidiaries now contributes approximately 34% of consolidated profits, providing a high-margin buffer against logistics cycles.

Consolidated Profit After Tax (PAT) for FY2026 stood at ₹11.62 Cr.
Subsidiaries contributed ₹3.94 Cr (34%) to the total consolidated profit.
Successfully migrated to the NSE Main Board in February 2026.
Operational volume reached 6,98,274 MT across 20,800 trips during the year.
Revenue diversification shows Power Transmission (24%) and Wholesale Trade (19.9%) as top sectors.

💡 Investors should note the successful transition to the Main Board which typically enhances liquidity and institutional visibility. The high-margin contribution from the Solar EPC and Real Estate subsidiaries warrants close monitoring as a key driver for future profitability.

GICL FY26 Net Profit Surges 131% YoY to ₹11.62 Crore; Revenue Up 11.6%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Jun 2026, 11:19 AM

Globe International Carriers Limited (GICL) reported a robust financial performance for the fiscal year ended March 31, 2026, with consolidated net profit jumping 131.2% to ₹11.62 crore. Revenue from operations grew by 11.6% YoY to reach ₹174.93 crore, driven by steady growth in its core logistics business and contributions from subsidiaries. The company's profitability was significantly bolstered by its 51% subsidiary, Govind Kripa Infratech, which contributed ₹3.97 crore to the annual profit. Consequently, the consolidated Earnings Per Share (EPS) nearly doubled from ₹4.95 to ₹11.45.

Consolidated Net Profit rose 131.2% YoY to ₹11.62 crore in FY26 compared to ₹5.03 crore in FY25.
Annual Revenue from operations increased to ₹174.93 crore from ₹156.66 crore in the previous fiscal year.
Consolidated EPS improved significantly to ₹11.45 from ₹4.95 in FY25.
Profit Before Tax (PBT) saw a massive jump of 142.7% YoY, reaching ₹16.03 crore.
Subsidiary Govind Kripa Infratech contributed ₹11.40 crore in revenue and ₹3.97 crore in profit for the full year.

💡 Investors should view this as a strong performance indicating improved operational efficiency and successful subsidiary integration. The significant jump in EPS makes the valuation more attractive, though investors should monitor the quarterly volatility in subsidiary earnings.

Promoter Group Entity Acquires 1.5 Lakh Shares (0.13%) in Globe International Carriers

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 12 Jun 2026, 11:48 AM

Govind Kripa Enclave LLP, a member of the promoter group of Globe International Carriers Limited, has increased its stake by purchasing 1,50,000 equity shares. The acquisition was conducted through the open market on June 9, 2026, for a total consideration of approximately ₹32.58 lakhs. This transaction raises the entity's holding from 4.65% to 4.79% of the company's total voting capital. Insider buying of this nature typically reflects management's confidence in the company's intrinsic value and future growth.

Govind Kripa Enclave LLP purchased 1,50,000 equity shares, representing 0.13% of the company.
The acquisition was executed on the open market at a total transaction value of ₹32,57,502.
Post-acquisition, the promoter group entity's total stake increased to 53,66,000 shares or 4.79%.
The transaction was disclosed under SEBI (SAST) and SEBI (Prohibition of Insider Trading) regulations.

💡 Investors should take this as a positive sign of promoter confidence in the business. While the acquisition size is relatively small at 0.13%, consistent insider buying often serves as a support level for the stock price.

Promoter Group Entity Acquires 1.5 Lakh Shares (0.13%) in Globe International Carriers

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 12 Jun 2026, 11:44 AM

Govind Kripa Enclave LLP, a promoter group entity of Globe International Carriers Limited, has acquired 1,50,000 equity shares through the open market on June 5, 2026. This acquisition represents 0.13% of the company's voting capital, with a total transaction value of approximately ₹38.38 lakhs. Following this purchase, the entity's total stake in the company has increased from 4.52% to 4.65%. Promoter buying is typically viewed by the market as a sign of management's confidence in the company's intrinsic value and future growth.

Acquisition of 1,50,000 equity shares representing 0.13% of the total voting power.
The transaction was executed on the open market for a total value of ₹38,38,155.95.
Govind Kripa Enclave LLP's shareholding increased from 50,66,000 shares (4.52%) to 52,16,000 shares (4.65%).
The disclosure was made under SEBI (SAST) and SEBI (Prohibition of Insider Trading) Regulations.

💡 Investors should take note of this promoter-led acquisition as a positive sentiment indicator, though the relatively small size of the stake increase suggests a 'Watch' status for further accumulation.

Promoter Group Acquires 1,00,000 Shares (0.09%) of Globe International Carriers Ltd

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 10 Jun 2026, 06:13 PM

Govind Kripa Enclave LLP, a promoter group entity, acquired 1,00,000 equity shares of Globe International Carriers Limited on June 4, 2026. The transaction was executed via the open market for a total consideration of approximately ₹26.64 lakhs. This acquisition has increased the entity's stake in the company from 4.43% to 4.52%. Such insider buying is generally perceived as a positive signal regarding the management's confidence in the company's outlook.

Acquisition of 1,00,000 equity shares representing 0.09% of the total voting capital.
Transaction conducted by Govind Kripa Enclave LLP (Promoter Group) on June 4, 2026.
Total transaction value amounted to ₹26,64,235.20 excluding taxes and brokerage.
Post-acquisition, the entity's holding increased from 49,66,000 shares (4.43%) to 50,66,000 shares (4.52%).

💡 Investors should view this insider purchase as a positive sign of promoter commitment; however, given the small size of the acquisition, it should be considered alongside broader fundamental performance.

Promoter Group Entity Acquires 1,00,000 Shares (0.09%) of Globe International Carriers

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 10 Jun 2026, 06:06 PM

Govind Kripa Enclave LLP, a promoter group entity of Globe International Carriers Limited, acquired 1,00,000 equity shares through the open market on June 3, 2026. The transaction, valued at approximately ₹32.30 lakhs, increases the entity's stake from 4.34% to 4.43%. This insider purchase reflects a marginal increase in promoter skin-in-the-game and generally signals management confidence in the company's valuation.

Acquisition of 1,00,000 equity shares representing approximately 0.09% of the voting capital.
Transaction executed on the open market (NSE) for a total value of ₹32,30,421.60.
Govind Kripa Enclave LLP's shareholding increased from 48,66,000 shares (4.34%) to 49,66,000 shares (4.43%).
The disclosure was made under SEBI (SAST) and SEBI (Prohibition of Insider Trading) Regulations.

💡 Investors should view this as a positive signal of promoter confidence, though the small size of the acquisition (0.09%) suggests routine accumulation rather than a major strategic shift.

GICL Promoter Group Entity Acquires 2,00,000 Shares via Open Market

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 08 Jun 2026, 08:17 PM

Govind Kripa Enclave LLP, a member of the promoter group of Globe International Carriers Limited (GICL), has acquired 2,00,000 equity shares. The acquisition was conducted through the open market on June 4, 2026, representing 0.18% of the company's total voting capital. Following this transaction, the entity's total shareholding in GICL has risen from 4.35% to 4.53%. This move reflects a continued commitment and confidence from the promoter group in the company's long-term value.

Acquisition of 2,00,000 equity shares representing 0.18% of the company's total voting capital.
Transaction executed by Govind Kripa Enclave LLP on June 4, 2026, via the open market.
Entity's stake increased from 48,66,000 shares (4.35%) to 50,66,000 shares (4.53%).
Disclosure made under SEBI (Prohibition of Insider Trading) and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.

💡 Promoter buying is generally a positive signal indicating internal confidence in the company's prospects. Investors should monitor if this trend of accumulation continues among other promoter group members.

Promoter Group Entity Acquires 2,00,000 Shares of Globe International Carriers Limited

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 08 Jun 2026, 08:12 PM

Govind Kripa Enclave LLP, a member of the promoter group, has acquired 2,00,000 equity shares of Globe International Carriers Limited (GICL) through the open market. This acquisition represents 0.18% of the company's total voting capital. Following this purchase, the entity's stake in the company has increased from 4.35% to 4.53%. The transaction, executed on June 4, 2026, signals continued promoter confidence in the company's prospects.

Acquisition of 2,00,000 equity shares representing 0.18% of the company's voting capital
Promoter group entity Govind Kripa Enclave LLP increased its stake from 4.35% to 4.53%
The transaction was conducted via the open market on June 4, 2026
Post-acquisition, the entity holds a total of 50,66,000 equity shares

💡 Promoter buying in the open market is generally a positive signal; however, investors should consider the small size of the acquisition and the company's SME listing status before making decisions.

View All GICL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated total income for Q2 FY26 (ended Sep 30, 2025) was INR 73.00 Cr, representing a 3.73% YoY growth compared to INR 70.37 Cr in Q2 FY25. Standalone revenue for H1 FY26 was INR 156.71 Cr.

Geographic Revenue Split

The company operates with branches across PAN India, though specific percentage splits by region are not disclosed in available documents.

Profitability Margins

Net Profit Margin for Q2 FY26 improved significantly to 4.34% (INR 3.17 Cr) from 1.90% (INR 1.34 Cr) in Q2 FY25. Standalone net profit for H1 FY26 was INR 4.91 Cr.

EBITDA Margin

Consolidated Profit Before Tax (PBT) for Q2 FY26 was INR 4.30 Cr, a margin of 5.89% on total income, compared to a 2.55% PBT margin (INR 1.79 Cr) in the previous year's quarter.

Capital Expenditure

The company executed a major acquisition of 40,80,000 equity shares of Govind Kripa Infratech Private Limited for a total purchase consideration of INR 29.43 Cr at INR 72.14 per share.

⚙️ Operational Drivers

Raw Materials

Fuel and Diesel represent the primary operational cost for the logistics fleet, though the exact percentage of total cost is not specified.

Import Sources

Sourced domestically across PAN India to support branch operations.

Key Suppliers

Leading carriers and liners with whom the company maintains strong relationships to obtain competitive commercial terms.

Capacity Expansion

Authorized share capital was increased from INR 25 Cr to INR 30 Cr on March 16, 2025. The company is currently in a 'developing mode' with several beneficiary projects in the pipeline.

Raw Material Costs

Carriers pass through higher operating expenses (fuel) to GICL; gross profits decrease if these costs cannot be fully passed to customers.

Manufacturing Efficiency

Focus on human resource skill improvement to achieve better quality and performance metrics.

Logistics & Distribution

Distribution and logistics are the core business; the company offers 'tailor-made' logistics services across the entire value spectrum.

📈 Strategic Growth

Expected Growth Rate

3.73%

Growth Strategy

Growth is driven by a blueprint to consolidate market leadership, entering newer segments, and strategic M&A, specifically the INR 29.43 Cr acquisition of Govind Kripa Infratech Private Limited.

Products & Services

Logistics services, transportation of goods by road, and tailor-made supply chain solutions.

Brand Portfolio

Globe International Carriers, Intraglobe Green Energy (formerly Intraglobe Transport Solutions).

New Products/Services

Expansion into 'tailor-made' logistics segments and green energy initiatives through its subsidiary Intraglobe Green Energy.

Market Expansion

Blueprint in place to enter newer segments and consolidate position as a market leader in the logistics value spectrum.

Market Share & Ranking

Self-identified as a leading ISO 9001:2015 certified logistics company in India.

Strategic Alliances

Strong relationships with leading carriers and liners; 100% ownership of subsidiary Intraglobe Green Energy Private Limited.

🌍 External Factors

Industry Trends

Shift toward 'Green Initiatives' in corporate governance and paperless communication; logistics industry is evolving toward integrated value spectrum services.

Competitive Landscape

Faces intense competition from both domestic and multinational logistics companies, leading to periodic price-cutting risks.

Competitive Moat

Moat is built on established brand goodwill, a strong foothold in the logistics value spectrum, and competitive commercial terms secured through long-term carrier relationships.

Macro Economic Sensitivity

High sensitivity to economic business cycles; downturns directly reduce freight volumes.

Consumer Behavior

Customer demand is shifting toward specialized, 'tailor-made' logistics services rather than generic transportation.

⚖️ Regulatory & Governance

Industry Regulations

Governed by The Indian Carriage of Goods by Road Act 2007, The Motor Vehicles Act 1988, and Rajasthan Shops and Commercial Establishments Act 1958.

Environmental Compliance

Compliant with normally applicable environmental laws and Rajasthan-specific statutes.

Taxation Policy Impact

Consolidated tax provision for Q2 FY26 was INR 1.13 Cr.

Legal Contingencies

Reported non-compliance with Section 185 and 186 of the Companies Act 2013 regarding loans given to firms/LLPs in which directors have substantial interest.