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Patel Integrated Logistics Limited (PATINTLOG)

₹12.74 +0.00% last close, 16 Oct

📊 NSE: PATINTLOG 🏢 Logistics Solution Provider 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Patel Integrated's revenue was ₹114 Cr, and net profit ₹2.5 Cr; the operating margin was 2.2%.

Q1 FY27 (₹ Cr)	Value	YoY	QoQ
Revenue	₹114	—	+17.7%
Operating profit	₹2.5	—	-32.1%
Net profit	₹2.5	—	-15.5%
EPS (₹)	0.36	—	-16.3%
Operating margin	2.2%	—	—

Full quarterly financials → Results calendar →

PATINTLOG delivery percentage

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

On Fri, 16 Oct 2026, 68.9% of the PATINTLOG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.96%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.

68.9%Delivery, 16 Oct

73.96%Own 20-session average

0.2×Volume vs its average

₹12.74NSE close · +0.00%

Delivery in the last 5 sessions: 70.7% · 97.5% · 74.6% · 64.5% · 68.9%

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

Patel Integrated Logistics Submits Reg 74(5) Demat Certificate for Q2 Ended Sep 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Oct 2026, 02:51 PM

Patel Integrated 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 from Registrar and Share Transfer Agent Bigshare Services Private Limited confirms that security certificates received for dematerialization were processed, verified, and cancelled within 15 days of receipt. The document is purely procedural and confirms ongoing compliance with depository rules.

Compliance certificate under Regulation 74(5) submitted for the quarter ended September 30, 2026
RTA certificate dated October 8, 2026 received from Bigshare Services Private Limited
Confirmed securities were processed, mutilated, and cancelled within 15 days of receipt

💡 No action required; this is a standard quarterly administrative compliance filing. Investors should instead focus on upcoming Q2 FY27 earnings disclosures.

Patel Integrated Logistics Approves Re 0.20/Share Dividend at 64th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 06:24 PM

Patel Integrated Logistics held its 64th Annual General Meeting on September 24, 2026, where shareholders approved all scheduled agenda items. Among the resolutions, members approved a dividend of 2% (Re 0.20 per equity share) for FY26. Shareholders also approved the appointment of Ms. Jasmine Divyesh Mehta as an Additional Independent Director and Mr. Mahesh Fogla as Non-Executive Non-Independent Director. Overall, the proceedings were standard and in line with ordinary AGM operations.

Approved FY26 dividend declaration of 2% i.e. Re 0.20 per equity share
64th AGM conducted with 111 members present via video conferencing
Appointed Ms. Jasmine Divyesh Mehta as Independent Non-Executive Director effective December 02, 2026
Appointed Mr. Mahesh Fogla as Non-Executive Non-Independent Director effective August 03, 2026

💡 Track the upcoming dispatch and payout timelines for the Re 0.20 dividend, and monitor Q2 FY27 operational cargo volumes to gauge ongoing performance.

Patel Integrated Logistics AGM Approves Rs 0.20 Dividend, All Resolutions Passed

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 06:16 PM

Patel Integrated Logistics Limited has submitted the Scrutinizer's Report for its 64th Annual General Meeting held on September 24, 2026. All six resolutions were approved by shareholders with near-unanimous majorities, including the declaration of a final dividend of Rs 0.20 per share (face value Rs 10). Other passed resolutions include adoption of FY26 financial statements and director appointments (Hari Nair, Vikas Porwal, Jasmine Divyesh Mehta, and Mahesh Fogla). A total of 2,21,48,950 valid votes were cast on the dividend and financial accounts resolutions with 100% in favor.

Declared final dividend of Rs 0.20 per share of face value Rs 10 for FY 2025-26
All 6 resolutions passed with 100% or near-100% majority of valid votes
2,21,48,950 valid votes cast in favour of adoption of FY26 audited accounts
Appointment of Ms. Jasmine Divyesh Mehta as Independent Director approved with 2,21,47,750 votes in favour (1,200 against)

💡 Track the payment timeline and record date for the Rs 0.20 per share dividend disbursement, as well as subsequent Q2 FY27 operational volume metrics.

Patel Integrated Logistics Holds 64th AGM; Approves Re 0.20 Per Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 06:12 PM

Patel Integrated Logistics conducted its 64th Annual General Meeting on September 24, 2026, with 111 members present. Shareholders approved all agenda items, including the declaration of a 2% dividend amounting to Re 0.20 per equity share for FY26. Additionally, appointments of directors were approved, including Ms. Jasmine Divyesh Mehta as Additional Independent Director effective December 2, 2026, and Mr. Mahesh Fogla as Non-Executive Non-Independent Director. The adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026, was also passed.

Declared dividend of 2% i.e. Re 0.20 per equity share for FY26
Appointed Ms. Jasmine Divyesh Mehta as Additional Director (Independent) effective December 02, 2026
Appointed Mr. Mahesh Fogla as Non-Executive Non-Independent Director effective August 03, 2026
111 members attended the meeting via video conferencing

💡 Track the upcoming dispatch of voting scrutinizer report and the dividend payment record date or payout timeline.

Patel Integrated Logistics AGM Approves Rs 0.20 Dividend, All Resolutions Passed

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 06:06 PM

Declared final dividend of Rs 0.20 per share of face value Rs 10 for FY 2025-26
All 6 resolutions passed with 100% or near-100% majority of valid votes
2,21,48,950 valid votes cast in favour of adoption of FY26 audited accounts
Appointment of Ms. Jasmine Divyesh Mehta as Independent Director approved with 2,21,47,750 votes in favour (1,200 against)

💡 Track the payment timeline and record date for the Rs 0.20 per share dividend disbursement, as well as subsequent Q2 FY27 operational volume metrics.

Promoters Complete Inter-Se Transfer of 1,00,000 Equity Shares (0.15% Stake)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 07:54 PM

Patel Integrated Logistics disclosed an inter-se transfer of 1,00,000 equity shares (0.15% stake) among its promoter group entities executed on September 2, 2026. Promoter Mr. Asgar Patel transferred the shares to the Natasha Nishqa Tanisha Family Beneficiaries Trust. Consequently, Mr. Asgar Patel's stake decreased from 7.24% to 7.09%, while the trust's holding increased from 2.60% to 2.75%. Overall promoter and promoter group shareholding remains unchanged at 35.00% (2,24,68,156 shares).

1,00,000 equity shares (0.15% of voting capital) transferred via inter-se transfer on September 2, 2026
Seller Mr. Asgar Patel's holding reduced from 7.24% (46,48,704 shares) to 7.09% (45,48,704 shares)
Acquiring trust's stake increased from 2.60% (16,67,683 shares) to 2.75% (17,67,683 shares)
Total promoter group holding remains unchanged at 35.00% (2,24,68,156 shares)

💡 Track standard quarterly shareholding pattern updates; no investor action is required as this is an internal promoter restructuring.

Patel Integrated Logistics: Inter-se promoter transfer of 0.41% equity shares completed

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 08:01 PM

Patel Integrated Logistics disclosed an inter-se transfer of 2,63,000 equity shares (0.41% stake) among members of the promoter group between August 24, 2026, and August 27, 2026. Promoter Mr. Asgar Patel transferred the shares to Natasha Nishqa Tanisha Family Beneficiaries Trust. Total promoter and promoter group shareholding remains entirely unchanged at 35.00% (2,24,68,156 shares).

Inter-se transfer of 2,63,000 equity shares (0.41% of total equity) executed between August 24 and August 27, 2026
Seller Mr. Asgar Patel's holding decreased from 7.65% (49,11,704 shares) to 7.24% (46,48,704 shares)
Acquirer Natasha Nishqa Tanisha Family Beneficiaries Trust increased stake from 2.19% (14,04,683 shares) to 2.60% (16,67,683 shares)
Overall promoter and promoter group holding remains constant at 35.00% (2,24,68,156 shares)

💡 No action required. Investors may monitor quarterly shareholding patterns for any cumulative promoter holding changes.

Patel Integrated Logistics 64th AGM on Sep 24, 2026; Recommends ₹0.20/Share Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Aug 2026, 06:13 PM

Patel Integrated Logistics Limited has issued the notice for its 64th Annual General Meeting (AGM) scheduled for September 24, 2026. The company has recommended a final dividend of ₹0.20 per share (2% of ₹10 face value) for FY25-26, revised down from an earlier proposed 4% due to cash flow considerations. The record date for dividend eligibility has been fixed as September 17, 2026. The meeting will also seek shareholder approval for director re-appointments and the induction of Ms. Jasmine Divyesh Mehta as an Independent Director.

64th Annual General Meeting scheduled for Thursday, September 24, 2026 at 11:00 AM IST via VC/OAVM.
Final dividend of ₹0.20 per equity share (2% on ₹10 face value) proposed for FY25-26, revised from initially recommended 4%.
Record date for final dividend distribution set as September 17, 2026.
Appointment of Ms. Jasmine Divyesh Mehta as Non-Executive Independent Director for a 5-year term starting December 02, 2026.

💡 Shareholders seeking dividend payout must hold shares before the record date of September 17, 2026; track AGM voting outcomes post September 24, 2026.

Promoter Inter-Se Transfer: 3,00,000 Shares (0.47%) Moved to Family Trust; Holding Flat at 35%

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 05:11 PM

Patel Integrated Logistics disclosed an inter-se transfer of 3,00,000 equity shares (0.47% of total voting capital) within its promoter group. Promoter Mr. Asgar Patel transferred the shares to Arhaan Numaire Family Beneficiaries Trust between August 14, 2026, and August 21, 2026. Following the transfer, total aggregate promoter and promoter group holding remains strictly unchanged at 2,24,68,156 shares (35.00%). This transaction represents internal promoter family estate structuring and does not alter management control or market float.

3,00,000 equity shares (0.47% of voting capital) transferred off-market via inter-se transfer.
Mr. Asgar Patel's individual holding reduced from 8.12% (52,11,704 shares) to 7.65% (49,11,704 shares).
Arhaan Numaire Family Beneficiaries Trust's holding increased from 2.60% (16,67,986 shares) to 3.07% (19,67,986 shares).
Total promoter group stake remains constant at 35.00% across 2,24,68,156 equity shares.

💡 No action required. Investors can monitor quarterly shareholding pattern disclosures to track any broader promoter holding trends.

Patel Integrated Logistics Sets Sep 17, 2026 as Cut-off/Record Date for AGM and Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Aug 2026, 06:42 PM

Patel Integrated Logistics Limited has announced that its 64th Annual General Meeting (AGM) will be held on September 24, 2026, via video conferencing. The cut-off date to determine eligibility for remote e-voting and entitlement to the FY26 final dividend (subject to AGM approval) is set for September 17, 2026. The company's Register of Members and Share Transfer Books will remain closed from September 18 to September 24, 2026. If approved at the AGM, the dividend will be disbursed within 30 days.

64th AGM scheduled for September 24, 2026 at 11:00 AM IST via VC/OAVM
Record/cut-off date for remote e-voting and FY26 final dividend eligibility fixed as September 17, 2026
Book closure period set from September 18, 2026 to September 24, 2026 (both days inclusive)
Remote e-voting window opens September 19, 2026 and closes September 23, 2026
Approved final dividend to be paid within 30 days post-AGM

💡 Shareholders seeking dividend entitlement and voting rights must hold shares as of the September 17, 2026 cut-off date; watch for AGM voting outcomes on September 24, 2026.

Patel Integrated Logistics Cuts Recommended FY26 Dividend by 50% to ₹0.20 Per Share

🔴 NEGATIVE ⭐ 6/10

DIVIDEND 📅 24 Aug 2026, 04:58 PM

The Board of Directors of Patel Integrated Logistics has revised its recommended final dividend for FY26 downward to ₹0.20 per equity share (2%), down 50% from the earlier recommendation of ₹0.40 per equity share (4%) proposed in May 2026. The revision comes after accounting for cash outflows utilised in the company's recent share buyback and its impact on cash flows. The 64th Annual General Meeting is scheduled for September 24, 2026, with the register of members closed from September 18 to September 24, 2026.

Final dividend for FY26 revised to ₹0.20 per equity share (2%) from earlier proposed ₹0.40 per share (4%)
Dividend payout cut by 50% citing funds utilised towards recent equity share buyback and cash flow management
64th AGM convened for Thursday, September 24, 2026 via Video Conferencing
Book closure dates fixed from September 18, 2026 to September 24, 2026 (both days inclusive)

💡 Track the upcoming AGM voting outcome on September 24, 2026, and look out for the separate announcement on the final dividend record date.

Patel Integrated Logistics cuts FY26 recommended dividend by 50% to ₹0.20 per share

🔴 NEGATIVE ⭐ 7/10

DIVIDEND 📅 24 Aug 2026, 04:45 PM

The Board of Directors of Patel Integrated Logistics has revised its recommended final dividend for FY26 downward from ₹0.40 per equity share (4%) to ₹0.20 per equity share (2%). The 50% dividend reduction was decided after accounting for cash outflows from its recent share buy-back and overall liquidity considerations. The company has scheduled its 64th AGM for September 24, 2026, with the register of members closed from September 18 to September 24, 2026.

Recommended final dividend revised down from ₹0.40 (4%) to ₹0.20 (2%) per equity share
Dividend payout reduced by 50% to account for funds utilised in recent share buy-back
64th Annual General Meeting scheduled for Thursday, September 24, 2026
Book closure set from September 18, 2026 to September 24, 2026

💡 Track shareholder approval for the revised dividend at the AGM on September 24, 2026, and observe cash flow improvements in subsequent quarterly earnings post buy-back.

₹2.52 Cr Q1 Net Profit: PATINTLOG Reports 54% YoY Growth; CFO Re-designated

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 05:47 PM

Patel Integrated Logistics (PATINTLOG) reported a strong Q1 FY27 with consolidated revenue from operations rising 46% YoY to ₹113.85 Cr. Net profit grew 54% YoY to ₹2.52 Cr, although it saw a sequential decline from ₹2.98 Cr in Q4 FY26. The company confirmed the completion of a ₹10.8 Cr buyback in July 2026, which represents approximately 11.1% of its current market capitalization. Additionally, CFO Mahesh Fogla has transitioned to a Non-Executive Director role, leaving the CFO position to be filled.

Consolidated revenue from operations increased 46% YoY to ₹113.85 Cr in Q1 FY27.
Net profit rose 54% YoY to ₹2.52 Cr compared to ₹1.64 Cr in Q1 FY26.
Completed a buyback of 54,00,000 equity shares at ₹20 per share, totaling ₹10.8 Cr in July 2026.
Air Freight segment remains the primary revenue driver, contributing ₹132.46 Cr in gross segment revenue.
CFO Mahesh Fogla re-designated as Non-Executive Director effective August 03, 2026.

💡 Investors should monitor the appointment of a new CFO and track if the volume growth in the air freight segment can be sustained to improve the currently thin operating margins.

Patel Integrated Logistics: CFO Mahesh Fogla Resigns, Transitions to Non-Executive Director

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 03 Aug 2026, 07:55 PM

Mr. Mahesh Fogla has resigned from his roles as Chief Financial Officer (CFO) and Executive Director of Patel Integrated Logistics, effective August 03, 2026. He will continue to serve the company as a Non-Executive Non-Independent Director, ensuring some continuity at the board level. This transition occurs as the company manages a TTM revenue of ₹366 Cr with thin operating margins of 2.9%. The board approved this change alongside the unaudited financial results for the quarter ended June 30, 2026.

Mr. Mahesh Fogla resigned as CFO and Executive Director effective August 03, 2026.
Transition involves moving to a Non-Executive Non-Independent Director role, liable to retire by rotation.
The company operates an asset-light model with a TTM revenue of ₹366 Cr and a small market cap of ₹98 Cr.
Board meeting for this approval and Q1 results lasted 4 hours, from 12:30 PM to 04:30 PM.
Company maintains a low debt-to-equity ratio of 0.05, highlighting a conservative balance sheet during this leadership transition.

💡 Investors should monitor the announcement of a successor for the CFO position to ensure continued execution of the company's asset-light, ROI-driven strategy.

CFO Mahesh Fogla Re-designated to Non-Executive Director Role

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 03 Aug 2026, 06:08 PM

Patel Integrated Logistics has announced that Mr. Mahesh Fogla will transition from his executive roles as Whole-time Director and Chief Financial Officer (CFO) to a Non-Executive Non-Independent Director, effective August 3, 2026. Mr. Fogla, a Chartered Accountant with over 25 years of experience, is stepping down from executive duties to pursue professional goals outside the organization while remaining on the board. Given the company's thin operating margins of 2.9% and its asset-light strategy, the transition in financial leadership is a key development for monitoring operational discipline.

Mr. Mahesh Fogla re-designated from CFO and Whole-time Director to Non-Executive Director effective August 3, 2026
Outgoing CFO brings over 25 years of experience in finance, legal, and strategic planning
Company operates on a thin TTM Operating Profit Margin of 2.9%
Transition occurs while the company maintains a net debt-free balance sheet with a D/E ratio of 0.05

💡 Investors should monitor the announcement of a successor for the CFO position to ensure continuity in the company's ROI-driven, asset-light logistics strategy.

View All PATINTLOG Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Operational income for Q2 FY26 reached INR 94 Cr, a 12% YoY increase. For H1 FY26, total operational income was INR 172 Cr, up 4% YoY. Domestic cargo volume grew 13% QoQ to 13,195 tons, while international cargo volume surged 31% QoQ to 2,198 tons.

Geographic Revenue Split

Not specifically disclosed by region, but the business is split between Domestic cargo (24,831 tons in H1 FY26) and International cargo (3,880 tons in H1 FY26).

Profitability Margins

PAT for Q2 FY26 was INR 2 Cr, a 15% YoY increase, with PAT margins improving to 2.44%. H1 FY26 PAT was INR 4 Cr, up 8% YoY, with a margin of 2.27%. The company focuses on maintaining profitability in a low-margin environment through volume-driven economies of scale.

EBITDA Margin

EBITDA for Q2 FY26 stood at INR 3 Cr, growing 14% YoY with a margin of 2.66%. H1 FY26 EBITDA was INR 5 Cr, up 2.3% YoY, with a margin of 2.61%.

Capital Expenditure

The company maintains an asset-light model. As of H1 FY26, Property, Plant, and Equipment (PPE) stood at INR 33 Cr, with Capital Work in Progress (CWIP) at a minimal INR 5 lakhs. Investment property is valued at INR 13 Cr.

Credit Rating & Borrowing

The company is now net debt-free as of November 2025. Interest paid in the recent period was only INR 21 lakhs, reflecting a significant reduction in borrowing costs.

⚙️ Operational Drivers

Raw Materials

As a logistics provider, primary inputs are fuel and freight capacity (air and road), though specific commodity names like 'Aviation Turbine Fuel' are not explicitly listed as raw materials.

Key Suppliers

Not disclosed in available documents, but the company partners with airlines and third-party fleet owners for its asset-light air and road cargo operations.

Capacity Expansion

The company handled a total cargo volume of 15,393 tons in Q2 FY26. Expansion is focused on increasing volume throughput rather than physical asset ownership to maintain an asset-light structure.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company notes that overhead costs remain constant as volumes increase, allowing for margin expansion through economies of scale.

Manufacturing Efficiency

The company tracks blended realization per kg, which was INR 59.24 for Q2 FY26 and INR 58.22 for H1 FY26, reflecting disciplined pricing strategies.

Logistics & Distribution

The company operates an asset-light road and air cargo network, specifically stating they will not own trucks to maximize Return on Investment (ROI).

📈 Strategic Growth

Expected Growth Rate

12%

Growth Strategy

The company is pursuing an asset-light, ROI-driven strategy focusing on air cargo and road transport. By not owning trucks or heavy assets, they aim to improve Return on Investment. Growth is expected through volume increases which leverage fixed overheads to expand EBITDA margins.

Products & Services

Air cargo handling (Domestic and International) and road logistics services.

Brand Portfolio

Patel Integrated Logistics.

New Products/Services

Continued focus on expanding the air cargo and road business segments with an emphasis on high-ROI customers.

Market Expansion

Targeting significant customers where ROI is higher, while avoiding capital-intensive asset creation.

🌍 External Factors

Industry Trends

The industry is shifting toward asset-light models. The company is positioning itself as a net debt-free, ROI-driven player, focusing on the growing air cargo segment which saw a 31% QoQ increase in international volumes.

Competitive Landscape

Operates in a competitive, low-margin logistics environment where scale and volume are the primary differentiators.

Competitive Moat

The moat is built on a net debt-free balance sheet and an established cargo network. Sustainability is driven by the transition to an asset-light model which protects the company from the high fixed costs of fleet ownership.

Macro Economic Sensitivity

Highly sensitive to national economic developments, changes in governmental policies, and fiscal laws.

Consumer Behavior

Increased demand for steady cargo movement across domestic and international networks.

Geopolitical Risks

The company notes that factors outside management control, such as political and social conditions, can cause actual results to differ from projections.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with Ind AS 115 for revenue recognition and Sections 177 and 188 of the Companies Act, 2013 regarding related party transactions.

Taxation Policy Impact

Deferred Tax Liability (Net) was INR 1.92 Cr as of March 31, 2025.

Legal Contingencies

The company faces disputed claims under various non-tax matters totaling INR 5.54 Cr (INR 553.82 lakhs) pending at various courts/forums, currently considered as contingent liabilities.

⚠️ Risk Analysis

Key Uncertainties

Potential for material misstatements due to fraud or error in revenue recognition, and the risk of internal financial controls becoming inadequate due to changing conditions.