Snowman Logistics Ltd (SNOWMAN) AI Stock Analysis

• Market Cap: ₹6.08B
• Dividend Yield: 2.44%
• Average Volume (3M): 31.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.03
• Revenue Growth: 9.91%
• EPS Growth: -66.86%
• Country: IN
• Employees: 507
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): -0.11
• 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: ₹36.00 ▼(-10.36% Downside)
• Action: Reiterated Date: 11/25/25
• Date: Action: Reiterated 11/25/25

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

Consistent Revenue Growth

Sustained top-line growth indicates expanding customer demand and market penetration in integrated logistics. Over 2-6 months this growth provides scale benefits, supports utilization of fixed assets, and creates optionality to invest in efficiency improvements that can restore margins over time.

Strong Operating Cash Flow

Robust operating cash flow demonstrates the core business generates recurring cash from operations, enabling funding of working capital and maintenance capex without immediate reliance on external financing. This underpins short-to-medium term resilience and supports strategic investments.

Stable Equity Ratio

A stable equity ratio provides a capital buffer that improves solvency and access to capital markets. For a capital-intensive logistics firm, this structural balance supports long-term operations, helps absorb cyclical shocks, and gives management flexibility to manage leverage.

Negative Factors

High Leverage

Elevated debt levels increase interest costs and reduce financial flexibility, constraining investment and raising default risk during downturns. In logistics, where capex and working capital needs can spike, high leverage can materially limit strategic options and raise refinancing exposure.

Declining Gross and EBIT Margins

Eroding gross and EBIT margins signal weakening cost control or pricing pressure. Over months this reduces earnings power, makes profitability more volume-dependent, and narrows the cushion against higher fuel, labor, or lease costs common in freight and logistics.

Volatile Free Cash Flow

Inconsistent and negative free cash flow limits the company's ability to fund growth, service debt, or return capital. Persistently volatile FCF increases reliance on external funding, raising cost of capital and execution risk for long-term initiatives in a capital-intensive industry.

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

null

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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: Negative
• Last Price: 40.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SNOWMAN, the sentiment is Negative. The current price of 40.16 is above the 20-day moving average (MA) of 39.58, above the 50-day MA of 39.47, and below the 200-day MA of 49.48, indicating a bearish trend. The MACD of -1.06 indicates Positive momentum. The RSI at 33.57 is Neutral, neither overbought nor oversold. The STOCH value of 16.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SNOWMAN.

Snowman Logistics Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KSE	72 Outperform	₹6.19B	10.91	―	―	―	―
RITCO	62 Neutral	₹5.66B	18.26	―	―	34.34%	2.00%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹6.08B	-89.54	―	2.44%	9.91%	-66.86%
NDTV	45 Neutral	₹8.69B	-2.37	―	―	19.53%	-138.48%
SICALLOG	39 Underperform	₹13.94B	3.00	―	―	76.34%	94.50%

Snowman Logistics Ltd Corporate Events

India Ratings Affirms Snowman Logistics’ A+ Credit Rating as Bank Limits Reduced

Snowman Logistics Ltd has announced that India Ratings and Research has affirmed its credit ratings on the company’s bank loan facilities at IND A+ with a Stable outlook and IND A1 for short-term facilities. The total rated bank facilities have been reduced from INR 2,025 million to INR 1,665 million, indicating maintained lender confidence and a solid credit profile, which is relevant for the company’s financing flexibility and debt-servicing capacity.

The affirmation of Snowman’s ratings suggests that the rating agency continues to view the company’s risk profile and financial position as stable despite the reduction in overall bank limits. This confirmed rating level may support Snowman’s standing with creditors and banks, helping it to secure funding on reasonable terms and reinforcing its position in the competitive logistics and cold-chain infrastructure market.

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.