Ritco Logistics Ltd. (IN:RITCO)
:RITCO
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Ritco Logistics Ltd.
(RITCO)
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Rating:62Neutral
Price Target:
₹194.00
▼(-28.95% Downside)
Action:ReiteratedDate:03/12/26
The score is primarily driven by solid operating growth and improving profitability, but it is materially constrained by negative operating/free cash flow. Technicals add further pressure due to a clear downtrend, while valuation is only moderately supportive given a mid-range P/E and no dividend.
Positive Factors
Strong revenue growth
Sustained revenue more than doubled over four years and the reported 32.5% growth rate indicates durable demand for Ritco's fleet-and-operations model. Higher volumes improve vehicle utilization and fixed-cost absorption, supporting scalable earnings and long-term market share expansion.
Negative Factors
Negative operating and free cash flow
Despite revenue and margin gains, failure to convert earnings into cash is a structural concern. Persistent negative operating and free cash flow limits ability to fund capex, service debt, or return capital, raising the likelihood of external financing and constraining durable investment in fleet and network.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained revenue more than doubled over four years and the reported 32.5% growth rate indicates durable demand for Ritco's fleet-and-operations model. Higher volumes improve vehicle utilization and fixed-cost absorption, supporting scalable earnings and long-term market share expansion.
Read all positive factors
Ritco Logistics Ltd. (RITCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.50B
Dividend YieldN/A
Average Volume (3M)897.00
Price to Earnings (P/E)18.3
Beta (1Y)1.02
Revenue Growth34.34%
EPS Growth2.00%
CountryIN
Employees987
SectorServices
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)3.71
Shares Outstanding28,622,757
10 Day Avg. Volume1,196
30 Day Avg. Volume897
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)2.31
Price to Sales (P/S)0.63
P/FCF Ratio-6.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ritco Logistics Ltd. Business Overview & Revenue Model
Company Description
Ritco Logistics Limited provides logistics and supply chain management services in India. The company offers contract logistics, LTL and liquid transportation, warehouse and distribution, and fleet management services. It serves the textile, autom...
How the Company Makes Money
Ritco Logistics Ltd. makes money primarily by charging customers for logistics services, with revenue typically recognized as freight/transportation income and, where applicable, logistics service fees. Key revenue streams generally include: (1) f...
Ritco Logistics Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.92B | 11.90B | 9.33B | 7.51B | 5.93B | 4.74B |
| Gross Profit | 1.13B | 1.09B | 899.65M | 613.72M | 482.90M | 285.71M |
| EBITDA | 836.22M | 897.87M | 789.32M | 551.69M | 439.82M | 335.40M |
| Net Income | 431.28M | 422.07M | 329.93M | 244.13M | 162.78M | 60.49M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.52B | 4.53B | 3.65B | 3.03B | 2.50B |
| Cash, Cash Equivalents and Short-Term Investments | 200.19M | 200.19M | 58.23M | 28.18M | 250.93M | 130.24M |
| Total Debt | 0.00 | 3.16B | 2.60B | 2.07B | 1.73B | 1.37B |
| Total Liabilities | -3.21B | 3.31B | 2.70B | 2.16B | 1.79B | 1.42B |
| Stockholders Equity | 3.21B | 3.23B | 1.83B | 1.49B | 1.24B | 1.08B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.15B | -238.91M | -104.63M | -296.91M | 31.37M |
| Operating Cash Flow | 0.00 | -160.41M | 147.86M | 102.35M | -290.99M | 92.86M |
| Investing Cash Flow | 0.00 | -933.28M | -355.89M | -185.94M | 63.38M | -17.14M |
| Financing Cash Flow | 0.00 | 1.29B | 329.46M | 167.47M | 222.44M | -114.24M |
Ritco Logistics Ltd. Technical Analysis
Negative
273.05
Price Trends
215.69
Negative
243.38
Negative
259.70
Negative
Market Momentum
-10.11
Negative
41.81
Neutral
42.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RITCO, the sentiment is Negative. The current price of 273.05 is above the 20-day moving average (MA) of 192.59, above the 50-day MA of 215.69, and above the 200-day MA of 259.70, indicating a bearish trend. The MACD of -10.11 indicates Negative momentum. The RSI at 41.81 is Neutral, neither overbought nor oversold. The STOCH value of 42.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RITCO.
Ritco Logistics Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹5.50B | 18.26 | ― | ― | 34.34% | 2.00% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
49 Neutral | ₹6.81B | 313.53 | ― | 0.42% | -0.11% | -159.33% | |
47 Neutral | ₹8.26B | -140.00 | ― | ― | -15.85% | -148.91% | |
46 Neutral | ₹4.04B | 16.80 | ― | ― | -11.28% | -62.38% | |
39 Underperform | ₹13.40B | 3.00 | ― | ― | 76.34% | 94.50% |
* Services Sector Average
IN:RITCO
Ritco Logistics Ltd.
192.20
-60.60
-23.97%
IN:JITFINFRA
JITF Infralogistics Ltd.
321.35
-35.45
-9.94%
IN:PAKKA
Pakka Ltd
89.98
-81.07
-47.40%
IN:PVSL
Popular Vehicles and Services Limited
95.70
-0.84
-0.87%
IN:SICALLOG
Sical Logistics Limited.
64.20
-9.43
-12.81%
IN:SURAJLTD
Suraj Limited
261.00
-116.55
-30.87%
Ritco Logistics Ltd. Corporate Events
Ritco Logistics Corrects XBRL Reporting Error in NSE Financial Filing
Apr 2, 2026
Ritco Logistics has clarified a discrepancy flagged by the National Stock Exchange regarding its XBRL filing of financial results for the period ended 30 September 2025. The company explained that the issue stemmed from a technical selection error...
Ritco Logistics Revises ESOP Vesting Schedule After Shareholder Nod
Mar 30, 2026
Ritco Logistics has announced that its Nomination and Remuneration Committee has approved a revision to the vesting schedule of stock options under its employee stock option plan, following shareholder authorization granted via postal ballot on 17...
Ritco Logistics’ Independent Directors Conduct Governance Review for FY 2025–26
Mar 26, 2026
Ritco Logistics Ltd. reported that its independent directors held a dedicated meeting for the 2025–26 financial year on March 26, 2026, in line with Indian securities and corporate governance regulations. During the session, they reviewed th...
Ritco Logistics Lands ₹82 Crore in New January Contracts, Deepens Long-Term Industrial Ties
Feb 7, 2026
Ritco Logistics Ltd. has started calendar year 2026 on a strong footing by securing approximately ₹82 crore in new transportation contracts in January, reinforcing its position as a key logistics partner to core industrial clients. The wins ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.