Rapid Fleet Management Services Limited (RAPIDFLEET)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Rapid Fleet's revenue was ₹129 Cr, and net profit ₹8.4 Cr; the operating margin was 13.1%.
| H2 FY26 (₹ Cr) | Value | YoY | vs prev. half |
|---|---|---|---|
| Revenue | ₹129 | — | +72.2% |
| Operating profit | ₹16.9 | — | +70.0% |
| Net profit | ₹8.4 | — | +102.6% |
| EPS (₹) | 11.23 | — | +102.7% |
| Operating margin | 13.1% | — | — |
RAPIDFLEET delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 0.0% of the RAPIDFLEET shares traded on NSE were taken to delivery, against the stock's own 20-session average of 13.39%. That is close to its usual level. Turnover was only ₹13 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 0.0% · 0.0% · 0.0% · 0.0% · 0.0%
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
Rapid Fleet Management Services Limited filed a certificate confirming non-applicability of SEBI corporate governance reporting under Regulation 27(2) for the quarter ended September 30, 2026. The exemption is claimed under Regulation 15(2) since the company is listed on the NSE SME platform. The filing noted that Regulation 23 (Related Party Transactions) remains applicable as its net worth exceeded ₹25 crore as of September 30, 2025. This is an administrative compliance filing with no impact on business operations.
- Exemption claimed under Regulation 15(2) of SEBI LODR Regulations, 2015
- Quarter ended September 30, 2026 corporate governance report not applicable due to NSE SME listing
- Regulation 23 provisions remain applicable as net worth exceeds ₹25 crore as on September 30, 2025
- Filing verified and certified by Practicing Company Secretary on October 14, 2026
The Board of Rapid Fleet Management Services has formally approved the voluntary and unconditional waiver of the FY25-26 final dividend by its Promoter and Promoter Group shareholders. The recommended final dividend of Rs 1.20 per equity share (12%) remains unchanged and payable in full to all public (non-promoter) shareholders as of the record date of September 18, 2026. The waived dividend amount will not be disbursed and will be retained in the company's reserves, conserving cash for business operations.
- Promoter and Promoter Group shareholders unconditionally waived their final dividend for FY 2025-26.
- Dividend rate of Rs 1.20 per equity share (12%) remains payable to all public shareholders.
- Record date for dividend entitlement was set as Friday, September 18, 2026.
- Waived funds will be retained within company profit reserves rather than disbursed or treated as unclaimed dividend.
Rapid Fleet Management Services Limited has scheduled its 9th Annual General Meeting (AGM) for September 25, 2026, via Video Conferencing. Key agenda items include the declaration of a final dividend of ₹1.20 per equity share (12% of face value ₹10) for FY2025-26. The company also proposed increasing MD Anand Poddar's remuneration from ₹24,00,000 to ₹42,00,000 per annum with effect from April 1, 2026. The record date/cut-off date for e-voting entitlement is set as September 18, 2026.
- 9th Annual General Meeting scheduled for Friday, September 25, 2026 at 11:30 AM IST
- Final dividend recommended at ₹1.20 per equity share of face value ₹10 (12%) for FY2025-26
- Cut-off/Record date for e-voting set as Friday, September 18, 2026
- Managing Director remuneration proposed to increase from ₹24,00,000 to ₹42,00,000 per annum
- E-voting window opens September 22, 2026 (9:00 AM) and closes September 24, 2026 (5:00 PM)
Rapid Fleet Management Services Limited has fixed Friday, September 18, 2026, as the record date for determining shareholder eligibility for a final dividend of ₹1.20 per equity share for FY 2025-26. The company's 9th Annual General Meeting (AGM) is scheduled for Friday, September 25, 2026, via Video Conferencing. Share transfer books will remain closed from September 19 to September 25, 2026, and the e-voting window will run from September 22 to September 24, 2026.
- Final dividend fixed at ₹1.20 per equity share for FY 2025-26
- Record date and e-voting cut-off date set as September 18, 2026
- 9th AGM scheduled for September 25, 2026, at 11:30 AM IST
- Book closure period scheduled from September 19 to September 25, 2026
- E-voting active from September 22 (9:00 AM IST) to September 24, 2026 (5:00 PM IST)
Rapid Fleet reported a 63% YoY increase in Q1 FY27 revenue to ₹53.60 crore compared to ₹32.93 crore in Q1 FY26. The company secured ₹230 crore in work orders across diverse sectors for FY27, led by Automobile (₹81 crore), Power & Infra (₹62 crore), and Renewable Energy (₹53 crore). Additionally, it incurred a capex of ₹12.35 crore to add 25 specialised vehicles, taking its total operational fleet strength to over 300 vehicles.
- Q1 FY27 revenue grew 63% YoY to ₹53.60 crore from ₹32.93 crore in Q1 FY26
- Secured annual work orders worth ₹230 crore across sectors including Automobile (₹81 cr) and Power & Infra (₹62 cr)
- Incurred ₹12.35 crore capex to add 25 vehicles (17 40-ft and 8 ODC vehicles), expanding fleet beyond 300 units
- Successfully executed milestone ODC transit of a 127-tonne cold box spanning over 2,000 km across five states
Rapid Fleet Management Services Limited has recommended a final dividend of ₹1.20 per equity share of face value ₹10 (12%) for FY 2025-2026. The record date for determining dividend entitlement has been fixed for Friday, September 18, 2026, subject to shareholder approval at the upcoming Annual General Meeting on September 25, 2026. Additionally, the board approved an increase in MD Anand Poddar's remuneration up to ₹42 Lakhs per annum and proposed the regularisation of Joseph Benoy as Independent Director for a 5-year term.
- Final dividend recommended at ₹1.20 per equity share (12% of face value ₹10) for FY 2025-2026
- Record date for final dividend payment fixed as September 18, 2026
- 9th Annual General Meeting scheduled for Friday, September 25, 2026 via VC/OAVM
- Managing Director Anand Poddar remuneration approved up to ₹42 Lakhs per annum for FY 2026-2027
- Appointment of Joseph Benoy as Non-Executive Independent Director for a 5-year term from May 21, 2026 to May 20, 2031
Rapid Fleet Management Services Limited has recommended a final dividend of Rs 1.20 per equity share (12% of face value Rs 10) for FY 2025-26, subject to shareholder approval. The company fixed September 18, 2026, as the record date for determining eligible shareholders. Additionally, the Board approved an increase in MD Anand Poddar's remuneration up to Rs 42 Lakhs per annum for FY 2026-27 and scheduled the 9th AGM for September 25, 2026.
- Recommended Final Dividend of Rs 1.20 per equity share of face value Rs 10 (12%) for FY 2025-26
- Record date for dividend entitlement fixed as Friday, September 18, 2026
- 9th Annual General Meeting scheduled for Friday, September 25, 2026
- Approved increase in MD Anand Poddar's remuneration up to Rs 42 Lakhs per annum for FY 2026-27
- Approved appointment of Mr. Joseph Benoy as Independent Director for a 5-year term starting May 21, 2026
Rapid Fleet Management Services Limited announced that its Board has recommended a final dividend of ₹1.20 per equity share of face value ₹10 each (12%) for FY 2025-26. The dividend is subject to shareholder approval at the 9th Annual General Meeting scheduled for September 25, 2026. The record date for determining dividend eligibility has been fixed as September 18, 2026. Additionally, the Board approved an increase in the remuneration of Managing Director Anand Poddar up to ₹42 Lakhs per annum for FY 2026-27.
- Recommended final dividend of ₹1.20 per equity share (12% of face value ₹10) for FY 2025-26
- Record date fixed as September 18, 2026; book closure from September 19 to September 25, 2026
- 9th Annual General Meeting scheduled for September 25, 2026 via Video Conferencing
- Approved increase in MD Anand Poddar's remuneration up to ₹42 Lakhs per annum for FY 2026-27, subject to AGM approval
- Approved appointment of Mr. Joseph Benoy as Non-Executive Independent Director for a 5-year term starting May 21, 2026
Rapid Fleet Management Services Limited has submitted a clarification to the National Stock Exchange regarding recent significant movement in its share price. In response to NSE's surveillance letter dated August 26, 2026, the company confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. It stated that all price-sensitive information has been disclosed on time and that the current share price fluctuation is purely market-driven with no undisclosed events.
- Response submitted on 27-08-2026 to NSE surveillance inquiry dated 26-08-2026 (Ref: NSE/CM/Surveillance/17414)
- Confirmed full compliance with disclosure norms under Regulation 30 of SEBI LODR Regulations 2015
- Clarified that price movement is entirely market-driven with no undisclosed material events
Financial Performance
Revenue Growth by Segment
The Company operates in a single segment—logistics and fleet management services. Revenue from operations grew by 49.18% YoY, from INR 115.59 Cr in FY 2023–24 to INR 172.44 Cr in FY 2024–25.
Geographic Revenue Split
Not disclosed in available documents, though the company plans to scale operations into Tier-II and Tier-III cities.
Profitability Margins
Net Profit Ratio was 5.96% in FY 2024-25, a decrease of 14.64% from 6.98% in FY 2023-24. Return on Equity (ROE) decreased by 54.03% to 23.03% due to an increase in average equity funds. Return on Capital Employed (ROCE) decreased by 54.15% to 19.77%.
EBITDA Margin
Not explicitly disclosed, but the Net Profit Ratio stands at 5.96% for FY 2024-25.
Capital Expenditure
Not disclosed in absolute INR Cr, but the company reported an increase in Capital Employed and plans to expand fleet and warehousing capacity.
Operational Drivers
Raw Materials
Fuel (volatility impacts operating margins) and skilled manpower (65 employees including drivers and logistics professionals).
Capacity Expansion
Current capacity not disclosed in units; planned expansion includes increasing fleet size and warehousing capacity to scale operations into Tier-II and Tier-III cities.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but fuel price volatility is cited as a key risk to margins.
Strategic Growth
Expected Growth Rate
49.18%
Growth Strategy
The company aims to achieve growth by expanding fleet and warehousing capacity, scaling operations into Tier-II and Tier-III cities, exploring asset-light models through partnerships, and strengthening digital tracking systems for route optimization.
Products & Services
Logistics and fleet management services including transportation, warehousing, and supply chain solutions for FMCG, Tyres, Electronics, Power, and Energy sectors.
Brand Portfolio
RAPIDFLEET
Market Expansion
Targeting expansion into Tier-II and Tier-III cities to capitalize on the rise of digital commerce and last-mile delivery requirements.
Strategic Alliances
Exploring asset-light models through partnerships with other logistics providers and corporates for end-to-end solutions.
External Factors
Industry Trends
Logistics sector is growing due to National Logistics Policy and Gati Shakti Master Plan aiming to reduce costs to single-digit GDP. Rise of e-commerce and manufacturing expansion are driving demand for organized logistics.
Competitive Landscape
Intense competition from both organized and unorganized logistics and fleet management players.
Competitive Moat
Technology-driven operational framework (GPS/AI), shared-services model for resource pooling (warehouses, vehicles), and a diversified client base across multiple sectors like FMCG and Energy.
Macro Economic Sensitivity
Sensitive to India's GDP growth (projected at 6.8% for FY25) and fluctuations in crude oil prices.
Consumer Behavior
Shift towards digital commerce and e-retail is increasing the demand for efficient last-mile delivery and predictable supply chain solutions.
Geopolitical Risks
Global uncertainties affecting crude oil prices and inflationary pressures.
Regulatory & Governance
Industry Regulations
Compliance with National Logistics Policy, Gati Shakti Master Plan, safety, labor, and environmental norms in transport operations.
Environmental Compliance
Not disclosed in absolute INR, but CSR policy emphasizes environmental sustainability and ecological balance.
Risk Analysis
Key Uncertainties
Volatility in fuel prices (impacts margins), infrastructure bottlenecks (impacts delivery timelines), and regulatory compliance risks.
Technology Obsolescence Risk
Continuous need for system upgrades in GPS-enabled monitoring and route optimization tools to maintain competitive efficiency.
Credit & Counterparty Risk
Dependency on customer credit cycles poses a financial risk to working capital.
