TickerSutra

NSE: NAVKARCORP · BSE: 539332 · ISIN INE278M01019

Navkar Corporation Limited stock analysis

Navkar Corporation Limited ranks #1550 in the TickerSutra evidence-ranked universe with a score of 52/100 and 95% data confidence. The latest captured fundamentals show ROCE of 3.1%, quarterly sales growth of 37.8% and quarterly profit growth of 401.2%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE52/100

Monitor only

#1550 of 5,430 ranked equities
Market capitalisation₹1,425.73cr
ROCE3.1%
Quarterly sales growth37.8%
Quarterly profit growth401.2%
P/E ratio35.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.09×
  • 15.8% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Extreme base-effect growth requires manual validation

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹453cr₹90cr₹67cr20.0%
2023₹442cr₹88cr₹92cr20.0%
2024₹435cr₹68cr₹-2cr16.0%
2025₹487cr₹9cr₹-45cr1.9%
2026₹687cr₹118cr₹30cr17.0%
TTM₹740cr₹131cr₹40cr18.0%
Debt / equity0.09×
CFO / EBITDA0.65×
Operating margin18.0%
Free cash flow₹25cr
Sales CAGR · 3Y15.8%
Profit CAGR · 3Y-31.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts4 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 1 mention
Positive catalyst

OPPORTUNITIES • Gati Shakti GCT expansion: Following the Somathane GCT LOA, Navkar is well-positioned to participate in future GCT bids at other strategic locations, building an asset-light national rail terminal network. • Morbi ICD ramp-up: With domestic cargo volumes growing at 35–45 percent year-on-year and warehousing capacity scalable to 8 lakh square feet, the Morbi ICD has significant operating leverage poten

Capacity expansion plansHigh severity · 1 mention
Execution risk

While many DPD containers still require CFS facilities for interim storage and customs processing, the trend is one that Navkar monitors closely and partially addresses through its diversified ICD and rail operations. • Competitor capacity expansion: Increased capacity by competing CFS, ICD, and rail operators — and the development of new terminals — creates pricing pressure and potential market share competition. •

Pricing pressureHigh severity · 1 mention
Negative warning

While many DPD containers still require CFS facilities for interim storage and customs processing, the trend is one that Navkar monitors closely and partially addresses through its diversified ICD and rail operations. • Competitor capacity expansion: Increased capacity by competing CFS, ICD, and rail operators — and the development of new terminals — creates pricing pressure and potential market share competition. •

Regulatory updatesModerate severity · 29 mentions
Watch

As the business grew, Ajivali CFS II was established to strengthen capacity and broaden service capabilities. The facility secured key regulatory approvals, including public bonded warehouse status and hazardous cargo handling permissions, enabling Navkar to cater to a wider spectrum of importer and exporter requirements across diverse industries. Today, the Ajivali facilities continue to play an important role withi

Regulatory approvalLow severity · 13 mentions
Watch

As the business grew, Ajivali CFS II was established to strengthen capacity and broaden service capabilities. The facility secured key regulatory approvals, including public bonded warehouse status and hazardous cargo handling permissions, enabling Navkar to cater to a wider spectrum of importer and exporter requirements across diverse industries. Today, the Ajivali facilities continue to play an important role withi

Management confidenceLow severity · 1 mention
Constructive

The opportunities before us are significant, our strategic direction is clear and our commitment to execution remains unwavering. As India’s logistics sector continues to evolve, we are confident that Navkar is well positioned to participate in this growth and create sustainable value for all stakeholders. With gratitude and confidence, Amit Garg Whole-Time Director, Navkar Corporation Limited 41 Business Overview St

Customer concentrationLow severity · 1 mention
Risk easing

The Company manages this through its owned rake fleet, supplemented by leased rakes, and strong relationships with railway authorities. Customer concentration risk: The Company serves a diverse base of shipping lines, custom handling agents, freight forwarders, and end customers across multiple sectors, reducing dependence on any single customer or sector. Technology and cybersecurity risk: As a technology-enabled lo

Institutional interestLow severity · 3 mentions
Watch

All periodical compliance filings, inter alia, shareholding pattern, Corporate Governance Report, Corporate announcements, amongst others are in accordance with the SEBI Listing Regulations filed electronically. Presentations made to institutional investors or to the analysts. The Company has timely intimated to the Exchanges presentations made to institutional investors or to the analysts.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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