Snowman Logistics Ltd (SNOWMAN) AI Stock Analysis

• Market Cap: ₹6.48B
• Dividend Yield: 2.44%
• Average Volume (3M): 31.37K
• Price to Earnings (P/E): 222.1
• Beta (1Y): 2.00
• Revenue Growth: 9.91%
• EPS Growth: -66.86%
• Country: IN
• Employees: 507
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): N/A
• Shares Outstanding: 167,088,000
• 10 Day Avg. Volume: 23,610
• 30 Day Avg. Volume: 31,370
• PEG Ratio: -2.58
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 1.05
• P/FCF Ratio: -19.09
• 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: 50 Neutral
• Price Target: ₹38.00 ▼(-5.38% Downside)

The overall stock score for Snowman Logistics Ltd is primarily impacted by its financial performance and technical analysis. The company shows potential for revenue growth but struggles with profitability and cash flow management. The technical indicators suggest a bearish trend, and the high P/E ratio raises valuation concerns. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Temperature-controlled cold chain focus

A pure-play focus on temperature-controlled logistics for food and pharmaceuticals creates durable demand and high switching costs. Specialized facilities and compliance requirements raise barriers to entry, supporting long-term pricing power and contract renewal potential.

Established partnerships and long-term contracts

Long-term partnerships with large food and pharma clients deliver revenue visibility and customer stickiness. These contracts underpin steady utilization of assets, reduce churn risk, and justify sustained investment in technology and temperature-controlled capacity over multiple years.

Consistent revenue growth with strong operating cash flow

Mid-single-digit to ~10% revenue growth combined with resilient operating cash flow supports reinvestment in facilities and tech. Stable operating cash generation, even when free cash flow fluctuates, provides a foundation for scaling service capacity and maintaining service levels long-term.

Negative Factors

Margin compression

Declining gross and EBIT margins indicate sustained pressure on cost structure or pricing mix. Over time, margin erosion reduces retained earnings available for reinvestment, weakens return on invested capital, and leaves less buffer against rising input or labor costs.

Elevated leverage

A relatively high debt-to-equity ratio raises interest and refinancing vulnerability and constrains strategic flexibility. Persistent leverage can limit ability to fund capex or absorb demand shocks, increasing risk during industry slowdowns or when pursuing network expansion.

Volatile and negative free cash flow

Fluctuating and recently negative free cash flow undermines capacity to self-fund growth and service debt without external financing. Over the medium term this increases refinancing and liquidity risk and may force trade-offs between maintenance capex and expansion investments.

Snowman Logistics Ltd Business Overview & Revenue Model

Company Description

Snowman Logistics Limited provides temperature-controlled logistics services in India. It operates through three segments: Warehousing Services, Transportation Services, and Consignment Agency Services. The company offers warehousing solutions and services, including ambient, chilled, frozen, and blast freezing facilities. It also provides primary transportation services, such as door-to-door, customized milk run, and part cargo consolidation services; and secondary transportation services comprising last mile distribution. The company operates a fleet of approximately 289 refrigerated vehicles. In addition, it offers retail distribution through a consignment agency services. Further, the company offers value added services, which include kitting, labelling, sorting, stuffing, and de-stuffing of containers, repacking, and bulk breaking; and sorts, grades, packs, and washes selected fruits and vegetables. It serves pharmaceuticals, meat and poultry, seafood, fruits and vegetables, ice cream, confectionery, dairy products, QSRs, ready-to-eat, and processed foods industries. The company was formerly known as Snowman Frozen Foods Limited and changed its name to Snowman Logistics Limited in March 2011. Snowman Logistics Limited was incorporated in 1993 and is based in Bengaluru, India.

How the Company Makes Money

Snowman Logistics generates revenue through multiple streams, primarily from its warehousing and transportation services. The company charges clients for storage space in its temperature-controlled facilities, where it offers various services tailored to the needs of the food and pharmaceutical industries. Additionally, it earns income from its logistics management solutions, which include inventory management, order fulfillment, and distribution services. Significant partnerships with major food manufacturers and pharmaceutical companies further bolster its revenue, as these collaborations often lead to long-term contracts and steady demand for its services. The company also focuses on enhancing operational efficiency and reducing costs, which contributes positively to its profit margins.

Snowman Logistics Ltd Financial Statement Overview

Summary

Snowman Logistics Ltd exhibits steady revenue growth, but faces challenges with declining gross and EBIT margins. The high debt-to-equity ratio and fluctuating return on equity indicate leverage risks and inconsistent profitability. Cash flow management is volatile, with negative free cash flow in 2025.

Income Statement

Snowman Logistics Ltd shows a consistent revenue growth trend with a notable increase from 2022 to 2025. Gross Profit Margin and EBIT Margin have declined slightly, indicating some challenges in cost management. However, the Net Profit Margin improved in 2025 compared to previous years, signaling better net income control.

Balance Sheet

The company's Debt-to-Equity Ratio is relatively high, indicating potential leverage risks. However, the Balance Sheet demonstrates a stable Equity Ratio, reflecting a moderate level of financial stability. The Return on Equity has fluctuated, with a decline in 2025, suggesting a need for improved profitability.

Cash Flow

Free Cash Flow has fluctuated, with negative figures in 2025, indicating potential cash management challenges. The Operating Cash Flow remains strong, but the Free Cash Flow to Net Income Ratio shows inconsistency, reflecting volatility in cash generation relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.75B	5.53B	5.03B	4.18B	2.86B	2.37B
Gross Profit	2.32B	819.45M	1.03B	956.78M	573.20M	613.75M
EBITDA	627.98M	935.26M	1.08B	960.68M	737.91M	684.75M
Net Income	64.44M	56.91M	127.08M	133.95M	16.76M	600.00K
Balance Sheet
Total Assets	0.00	7.71B	7.46B	7.25B	7.28B	6.67B
Cash, Cash Equivalents and Short-Term Investments	61.82M	58.95M	432.59M	474.56M	322.90M	437.46M
Total Debt	0.00	3.07B	2.78B	2.58B	2.65B	2.20B
Total Liabilities	-4.07B	3.64B	3.28B	3.03B	3.06B	2.47B
Stockholders Equity	4.07B	4.07B	4.18B	4.22B	4.22B	4.20B
Cash Flow
Free Cash Flow	0.00	-303.78M	515.59M	687.30M	-339.18M	398.83M
Operating Cash Flow	0.00	573.49M	878.18M	864.60M	688.74M	707.22M
Investing Cash Flow	0.00	-519.12M	-237.86M	-418.75M	-994.22M	-412.40M
Financing Cash Flow	0.00	-87.64M	-586.71M	-580.15M	166.74M	1.18M

Snowman Logistics Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 40.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SNOWMAN, the sentiment is Neutral. The current price of 40.16 is above the 20-day moving average (MA) of 38.26, above the 50-day MA of 40.15, and below the 200-day MA of 50.95, indicating a neutral trend. The MACD of -0.88 indicates Negative momentum. The RSI at 50.02 is Neutral, neither overbought nor oversold. The STOCH value of 69.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SNOWMAN.

Snowman Logistics Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RITCO	74 Outperform	₹6.89B	16.02	―	―	34.34%	2.00%
KSE	72 Outperform	₹7.14B	5.61	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹6.48B	222.11	―	2.44%	9.91%	-66.86%
NDTV	45 Neutral	₹9.23B	-2.16	―	―	19.53%	-138.48%
SICALLOG	39 Underperform	₹5.91B	-396.45	―	―	76.34%	94.50%

Snowman Logistics Ltd Corporate Events

Snowman Logistics Files Share Capital Reconciliation Report for December 2025 Quarter

Snowman Logistics Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025, to the National Stock Exchange of India and BSE, in line with regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The audit, conducted and signed by practicing company secretary Nagendra D Rao, confirms details of the company’s issued share capital, including its equity ISIN and face value per share, reinforcing ongoing compliance and transparency for equity shareholders and market participants.

Snowman Logistics Ltd Announces Financial Results for September 2025

Snowman Logistics Ltd announced the approval of its unaudited standalone financial results for the quarter and half-year ending September 30, 2025, by the Board of Directors. The results, reviewed by the statutory auditors S.R. Batliboi & Co. LLP, indicate compliance with Indian Accounting Standards and SEBI regulations, reflecting the company’s ongoing commitment to transparency and regulatory adherence. This announcement is significant for stakeholders as it underscores Snowman Logistics’ operational performance and financial health, potentially influencing its market positioning in the logistics industry.

Snowman Logistics Announces Q2 2025 Financial Results

Snowman Logistics Ltd has announced the approval of its unaudited standalone financial results for the quarter and half-year ending September 30, 2025. The board of directors reviewed and approved these results, which were submitted along with a Limited Review Report by the statutory auditors. This announcement is part of the company’s compliance with SEBI regulations, reflecting its commitment to transparency and regulatory adherence. The financial results provide insights into the company’s performance and are crucial for stakeholders to assess its financial health and strategic direction.

Snowman Logistics Reports 8.5% Revenue Growth Amid Cold Chain Challenges

Snowman Logistics Limited reported an 8.5% increase in revenue for the second quarter of FY 2025-26, reaching INR 155.65 Crores compared to INR 143.45 Crores in the previous year. Despite facing short-term challenges in the cold chain sector due to reduced QSR demand and US tariffs on seafood exports, the company remains optimistic about its growth prospects. Snowman Logistics is focusing on expanding its footprint by identifying new land parcels and enhancing capacities through an asset-light build-to-suit model, while managing rising input costs to maintain margins.