Patel Integrated Logistics Ltd. (PATINTLOG) AI Stock Analysis

• Market Cap: ₹695.16M
• Dividend Yield: 2.13%
• Average Volume (3M): 10.04K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 1.60
• Revenue Growth: 5.92%
• EPS Growth: 14.93%
• Country: IN
• Employees: 261
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.39
• Shares Outstanding: 69,585,750
• 10 Day Avg. Volume: 14,163
• 30 Day Avg. Volume: 10,036
• PEG Ratio: 0.35
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.27
• P/FCF Ratio: -195.12
• 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: 58 Neutral
• Price Target: ₹11.00 ▼(-18.09% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is held back mainly by weak technicals (price below key moving averages with negative MACD) and cash flow deterioration (negative free cash flow and low cash conversion). These are partially offset by a strong balance sheet with low leverage, improving profitability, and a relatively attractive valuation (low P/E with a moderate dividend yield).

Positive Factors

Revenue Growth

The company delivered 17.95% revenue growth with net margin improving to 2.22%. Sustained top-line recovery signals durable demand in its logistics services, enabling scale benefits and providing management capacity to invest in network efficiency and long-term service expansion.

Balance Sheet Strength

Very low leverage (D/E 0.11) and a 72.37% equity ratio show a conservative capital structure. This financial strength preserves flexibility to fund working capital, capex or M&A, reduces refinancing risk, and supports resilience across logistics cycles over the medium term.

Margin Stability / Cost Control

Stable gross margin near 4.6% with steady EBIT/EBITDA margins indicates consistent cost control in operations. For integrated freight/logistics this suggests structural operational discipline that can sustain margins and deliver incremental operating leverage as volumes scale.

Negative Factors

Weak Cash Generation

Free cash flow turned negative (-4.76M) and operating cash flow converts to only 12% of net income. Persistent weak cash generation undermines self-funding of growth, dividend sustainability and leaves the firm exposed to higher short-term financing or constrained investment capacity.

Thin Profitability

Net margin remains modest at 2.22% with a small gross margin cushion. Low absolute profitability provides limited buffer against fuel, wage or pricing pressure common in logistics, reducing the firm's ability to reinvest internally or absorb cyclical downturns without margin compression.

Volatile Cash Conversion / Working Capital

A dramatic FCF swing (99.05M prior year to -4.76M) signals volatile cash conversion and potential working-capital strain. In freight logistics, such swings can force reliance on external funding, raise financing costs, and hinder consistent investment in fleet, technology or network capacity.

Patel Integrated Logistics Ltd. Business Overview & Revenue Model

Company Description

Patel Integrated Logistics Limited provides logistics services in India. The company engages in the co-loading of airfreight; and provision of surface transport, warehousing, and air cargo consolidation services. It also operates gym facility; and offers fitness merchandise. The company was founded in 1959 and is based in Mumbai, India.

How the Company Makes Money

PATINTLOG generates revenue through multiple streams, primarily by charging clients for its logistics services, which include transportation fees, warehousing costs, and service charges for freight forwarding. The company benefits from long-term contracts with key clients, ensuring a steady flow of income. Additionally, PATINTLOG may engage in value-added services such as inventory management and customs clearance, which contribute to its revenue. Strategic partnerships with shipping companies, technology providers, and local distributors also enhance its service offerings and expand its market reach, further supporting its earnings potential.

Patel Integrated Logistics Ltd. Financial Statement Overview

Summary

Income statement shows recovery and growth (revenue up 17.95%) with improved net margin (2.22%), and the balance sheet is strong (low debt-to-equity of 0.11 and high equity ratio of 72.37%). However, cash flow is a key weakness with free cash flow falling to -4.76 million and weak cash conversion (operating cash flow to net income of 0.12).

Income Statement

The company shows a strong recovery in revenue from previous years with a revenue growth rate of 17.95% in the latest year. Gross profit margins are stable at around 4.6%, indicating consistent cost control. However, the net profit margin improved significantly to 2.22% from 1.91% the previous year, showcasing improved operational efficiency. EBIT and EBITDA margins have also remained steady. Overall, the income statement reflects resilience and growth potential, though margins are still relatively modest.

Balance Sheet

The balance sheet indicates a solid financial position with a low debt-to-equity ratio of 0.11, suggesting strong financial leverage management. The equity ratio stands at 72.37%, highlighting a robust capital structure with a significant portion of assets financed by equity. Return on equity has improved to 6.25%, showing enhanced profitability. The company's balance sheet reflects financial stability and prudent risk management.

Cash Flow

The cash flow statement reveals challenges, with a decline in free cash flow to -4.76 million, compared to 99.05 million the previous year. Operating cash flow decreased significantly, impacting liquidity. The operating cash flow to net income ratio is low at 0.12, signaling potential issues in converting profits into cash. The cash flow situation indicates the need for improved cash generation and management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.38B	3.43B	2.91B	2.78B	2.33B	2.12B
Gross Profit	135.45M	158.02M	162.58M	133.66M	108.08M	85.87M
EBITDA	100.92M	87.79M	108.25M	122.37M	101.12M	101.13M
Net Income	77.09M	76.00M	55.38M	48.97M	22.73M	549.00K
Balance Sheet
Total Assets	0.00	1.68B	1.92B	1.72B	1.79B	1.90B
Cash, Cash Equivalents and Short-Term Investments	321.40M	321.40M	321.06M	281.60M	151.74M	184.70M
Total Debt	0.00	130.71M	241.20M	312.58M	479.85M	617.14M
Total Liabilities	-1.22B	464.56M	727.11M	543.59M	617.90M	736.77M
Stockholders Equity	1.22B	1.22B	1.19B	1.18B	1.17B	1.17B
Cash Flow
Free Cash Flow	0.00	-4.76M	99.06M	-55.15M	24.39M	-3.02M
Operating Cash Flow	0.00	8.77M	122.10M	-43.59M	91.50M	45.46M
Investing Cash Flow	0.00	5.54M	87.16M	9.26M	-5.26M	42.56M
Financing Cash Flow	0.00	-47.89M	-102.64M	232.54M	-42.00M	31.19M

Patel Integrated Logistics Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.43
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PATINTLOG, the sentiment is Negative. The current price of 13.43 is above the 20-day moving average (MA) of 11.40, above the 50-day MA of 12.45, and below the 200-day MA of 14.41, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 28.70 is Positive, neither overbought nor oversold. The STOCH value of 9.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PATINTLOG.

Patel Integrated Logistics Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDBANK	71 Outperform	₹1.51B	20.15	―	―	-18.35%	-43.75%
MAHESHWARI	70 Outperform	₹1.23B	9.09	―	―	2.13%	35.04%
OBCL	60 Neutral	₹1.16B	-12.52	―	―	11.25%	-108.40%
PATINTLOG	58 Neutral	₹695.16M	9.18	―	2.13%	5.92%	14.93%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ARSSINFRA	43 Neutral	₹1.25B	-678.38	―	―	-75.03%	-17499.32%

Patel Integrated Logistics Ltd. Corporate Events

Patel Integrated Logistics Seeks Shareholder Nod for RSU Scheme, CFO Re-designation and Intra-group Funding

Patel Integrated Logistics Ltd. has informed stock exchanges that it has published newspaper advertisements announcing a postal ballot and remote e-voting process for shareholders. The ballot seeks approval for a new 2026 Restricted Stock Unit (RSU) Scheme, including grants to employees of subsidiary companies and implementation through a trust structure with secondary share acquisition funded by the company.

Shareholders are also being asked to approve the re-designation and three-year re-appointment of Mahesh Fogla as whole-time director and Chief Financial Officer. In addition, the company is seeking consent to extend loans, guarantees, or securities to subsidiaries and certain other specified persons, steps that collectively indicate an effort to formalize long-term incentive plans, strengthen leadership structure, and provide financial flexibility within the group.