AVG Logistics Ltd. (AVG) AI Stock Analysis

• Market Cap: ₹2.61B
• Dividend Yield: 0.66%
• Average Volume (3M): 3.10K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 1.04
• Revenue Growth: 6.71%
• EPS Growth: -53.24%
• Country: IN
• Employees: 420
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 3.59
• Shares Outstanding: 15,057,720
• 10 Day Avg. Volume: 5,754
• 30 Day Avg. Volume: 3,099
• PEG Ratio: -0.39
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.66
• P/FCF Ratio: -456.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹169.00 ▼(-5.61% Downside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is anchored by mid-range financial performance: strong gross margin and improving revenue trend are offset by low net margin and negative free cash flow. Technicals are mixed with short-term strength but longer-term weakness and a negative MACD. Valuation is supportive with a relatively low P/E, while dividend yield is modest.

Positive Factors

High Gross Margin

An 87.96% gross margin indicates durable pricing power or a high-value service mix in logistics, providing a large cushion to absorb operating costs and fuel investment. Over months this supports margin resilience, financing of technology/network upgrades and competitive pricing flexibility.

Improving Revenue Trend

A clear improving revenue trend signals strengthening market demand and client throughput. Over a 2–6 month horizon, sustained top-line growth helps scale fixed-cost logistics assets, enables routing optimization, and enhances bargaining power with carriers and customers.

Balanced Capital Structure & Reasonable ROE

Moderate leverage (D/E ~0.89) and ROE ~8.65% indicate disciplined use of debt and decent equity returns. This funding mix supports strategic investment without excessive financial strain, preserving flexibility to fund network expansion or absorb cyclical shocks over the medium term.

Negative Factors

Low Net Margin

A 3.87% net margin shows limited conversion of revenue into bottom-line profit, reducing retained earnings and susceptibility to cost inflation. Structurally, this constrains capacity to self-fund growth, lowers operational resilience and demands sustained efficiency gains to improve profitability.

Negative Free Cash Flow

Negative free cash flow curtails the company's ability to reinvest, deleverages slowly, or return capital. Even with good operating cash conversion, persistent negative FCF forces dependence on external financing or equity, raising execution risk for network investments and long-term growth initiatives.

Declining EPS Growth

A sharp EPS decline (≈ -53.6%) signals material earnings pressure or one-off hits that reduce shareholder value creation. Structurally, this may reflect margin compression, higher costs, or lower operational leverage, impairing the company's ability to fund capex and deleverage over several months.

AVG Logistics Ltd. Business Overview & Revenue Model

Company Description

AVG Logistics Limited offers logistics services in India, Bangladesh, Nepal, and Bhutan. The company provides full truckload and less than truckload, dedicated/secondary solution, express delivery, parcel/door to door/household, multimodal, rail, freight forwarding, reverse logistics, and cold chain/refrigerated transportation services; and export services to Nepal, Bhutan, and Bangladesh. It also offers manpower handling, storage space, multiuser, and bonded warehousing services; and value added services comprising end to end, customized, ODC, custom clearing and port logistics, container on rent, and forklift/cranes on rent services. In addition, the company is involved in the trading business. AVG Logistics Limited was incorporated in 2010 and is headquartered in Delhi, India.

AVG Logistics Ltd. Financial Statement Overview

Summary

Income statement shows improving revenue growth and very strong gross margin (87.96%), but net margin is low (3.87%). Balance sheet leverage is moderate (debt-to-equity 0.89) with reasonable ROE (8.65%). Cash flow is the key drag due to negative free cash flow despite solid cash conversion (operating cash flow to net income 1.74).

Income Statement

AVG Logistics Ltd. shows an improving revenue growth trend with a strong gross profit margin of 87.96% for the most recent year. However, the net profit margin is relatively low at 3.87%, suggesting room for efficiency improvements. The EBIT and EBITDA margins indicate moderate operational profitability. While revenue has grown, profitability at the net level needs enhancement.

Balance Sheet

The balance sheet exhibits a stable equity base with a debt-to-equity ratio of 0.89, showing moderate leverage. Return on equity is reasonable at 8.65%, indicating effective utilization of equity investments. The equity ratio of 49.42% reflects a balanced approach between debt and equity financing, though future growth might necessitate careful leverage management.

Cash Flow

Cash flow performance has been challenging, with a negative free cash flow. The operating cash flow to net income ratio is 1.74, indicating good cash conversion from earnings. However, the negative free cash flow impacts the company's ability to reinvest and grow. Improving free cash flow generation remains a priority for financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.58B	5.52B	4.78B	4.27B	4.30B	3.32B
Gross Profit	4.88B	4.85B	1.21B	754.87M	351.86M	2.94B
EBITDA	677.46M	984.12M	785.50M	496.68M	284.26M	143.21M
Net Income	207.95M	213.27M	319.21M	83.44M	9.61M	-17.20M
Balance Sheet
Total Assets	5.74B	4.99B	4.49B	4.08B	4.24B	2.30B
Cash, Cash Equivalents and Short-Term Investments	174.71M	161.88M	87.76M	23.90M	51.76M	57.57M
Total Debt	2.80B	2.19B	2.20B	2.66B	2.87B	1.19B
Total Liabilities	3.18B	2.52B	2.49B	3.18B	3.42B	1.51B
Stockholders Equity	2.57B	2.47B	2.00B	897.67M	814.33M	786.00M
Cash Flow
Free Cash Flow	-354.83M	-7.95M	-504.13M	202.48M	59.55M	-209.15M
Operating Cash Flow	-19.63M	371.55M	9.69M	383.89M	288.89M	-36.20M
Investing Cash Flow	-329.91M	-353.99M	-350.15M	-157.06M	-241.92M	-164.54M
Financing Cash Flow	353.95M	-16.91M	344.18M	-239.74M	-58.84M	200.15M

AVG Logistics Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 179.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AVG, the sentiment is Positive. The current price of 179.05 is above the 20-day moving average (MA) of 145.16, above the 50-day MA of 149.84, and below the 200-day MA of 211.96, indicating a neutral trend. The MACD of 3.99 indicates Negative momentum. The RSI at 70.47 is Negative, neither overbought nor oversold. The STOCH value of 77.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AVG.

AVG Logistics Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAHESHWARI	70 Outperform	₹1.31B	9.09	―	―	2.13%	35.04%
RITCO	62 Neutral	₹5.62B	18.26	―	―	34.34%	2.00%
AVG	61 Neutral	₹2.61B	12.39	―	0.66%	6.71%	-53.24%
PATINTLOG	58 Neutral	₹655.50M	9.18	―	2.13%	5.92%	14.93%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹5.73B	-89.54	―	2.44%	9.91%	-66.86%
SICALLOG	39 Underperform	₹13.78B	3.00	―	―	76.34%	94.50%

AVG Logistics Ltd. Corporate Events

AVG Logistics Schedules Analyst and Investor Meet on March 18

AVG Logistics Ltd., a listed Indian logistics and transportation company, has notified the stock exchanges about an upcoming interaction with market participants. The firm, which offers freight and supply chain services and is traded on NSE and BSE, continues to engage actively with the investment community as part of its disclosure practices.

The company has scheduled a meeting with analysts and investors on March 18, 2026, at 12:30 p.m. via Zoom. While the company notes that the session may be subject to cancellation or rescheduling due to exigencies, the planned interaction underscores its ongoing efforts to maintain transparent communication with stakeholders and the broader market.

AVG Logistics schedules analyst and investor meeting on March 18

AVG Logistics Ltd. has notified the stock exchanges that it will hold a group meeting with analysts and investors via Zoom on Wednesday, March 18, 2026, at 12:30 p.m. This scheduled interaction underscores the company’s ongoing engagement with the financial community and its efforts to maintain transparent communication with market participants.

The company has indicated that the meeting may be cancelled, rescheduled, or postponed due to exigencies on the part of analysts, investors, or company officials. While no business updates were disclosed in the notice, such meetings typically offer stakeholders an opportunity to seek clarity on operations and strategy, potentially influencing market perception and investor sentiment.

AVG Logistics Enters Rail-Based Liquid Cargo Segment With ISO Tank Train Launch

AVG Logistics Limited has launched a new liquid logistics vertical, introducing rail-based transportation of bulk liquid chemicals using high-grade ISO tank containers, with its first customer Chemplast Sanmar Limited. Each dedicated train will carry 96 ISO tanks with a total capacity of about 3,100 tons per trip, and the company expects this operation to generate annual revenue of roughly Rs 22–24 crore, underscoring the commercial potential of its entry into this high-growth segment. The move leverages a long-term leased flatbed train from Central Warehousing Corporation and complements AVG’s imported ISO tanker fleet to provide integrated first-mile, long-haul rail, and last-mile delivery solutions. By shifting liquid cargo transport to rail, AVG aims to offer safer, faster and more reliable alternatives to conventional road-based transport while cutting emissions and congestion, thereby strengthening its role in India’s chemical and allied industries and supporting the country’s expanding chemical, pharmaceutical and industrial liquid export ecosystem.

AVG Logistics Buys Himachal Land for New Warehouse to Strengthen North India Footprint

AVG Logistics Limited has acquired a 2,295 sq metre land parcel in Tahliwal, Una district of Himachal Pradesh, to develop a warehouse and ancillary unit close to Nestlé’s factory, leveraging strong infrastructure, connectivity and access to local manpower. The move aligns with the company’s long-term strategy of capacity expansion and regional diversification, strengthening its footprint in North India and enabling it to offer enhanced value-added logistics services to Nestlé India and other customers in the region, while aiming to improve cost efficiency, expand its asset base and generate medium- to long-term value as the project is developed in phases subject to necessary approvals.

AVG Logistics Files SEBI Regulation 74(5) Compliance Certificate for December 2025 Quarter

AVG Logistics Limited has submitted a compliance certificate from its registrar and share transfer agent, MUFG Intime India Private Limited, confirming adherence to Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended 31 December 2025. The filing underscores the company’s ongoing regulatory compliance in relation to depository and participant norms, reinforcing governance standards and providing assurance to exchanges and investors regarding the proper handling and verification of its securities.