Income Statement Ashapura Logistics Limited

Stocks

ASHALOG

INE0LAA01017

Marine Freight & Logistics

Delayed NSE India S.E. Other stock markets 14:01:09 29/06/2026 +04			5-day change	1st Jan Change
54.00 ^INR	-1.28%		-1.10%	-20.94%

05-22	Ashapura Logistics Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
01-08	Ashapura Logistics appoints Vashishath Raval as CFO	RE

5426138c6e31e0.LR1LKXQ24KWZwJgKQc0EbP3Vg8NpQyuaHJL2QkOEjBs.HFVzWxNOluDD7dl9AP1oWI2U7qcFAHSrbPmwCA3P43xBeXl9GHzT3OGr1Q

Published financial data: ASHAPURA LOGISTICS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.81B	2.27B	2.22B	1.99B	2.31B
Other Revenues, Total	-	-	-	-	1K
Total Revenues	1.81B	2.27B	2.22B	1.99B	2.31B
Cost of Goods Sold, Total	1.54B	2.02B	1.95B	1.66B	1.96B
Gross Profit	266M	246M	272M	335M	347M
Selling General & Admin Expenses, Total	-	-	-	1.81M	663K
Depreciation & Amortization - (IS)	70.09M	56.51M	67.92M	66.09M	70.16M
Other Operating Expenses	51.29M	34.62M	44.84M	67.08M	84.5M
Other Operating Expenses, Total	121M	91.13M	113M	135M	155M
Operating Income	145M	155M	159M	200M	192M
Interest Expense, Total	-43.74M	-54.49M	-36.9M	-33.89M	-38.95M
Interest And Investment Income	-	-	-	2.18M	3.58M
Net Interest Expenses	-43.74M	-54.49M	-36.9M	-31.72M	-35.37M
Income (Loss) On Equity Invest.	-23K	-82K	-197K	-87K	-
Currency Exchange Gains (Loss)	-	-207K	-3.54M	-559K	-161K
Other Non Operating Income (Expenses)	3.25M	1.73M	7.87M	-1.82M	10.49M
EBT, Excl. Unusual Items	104M	102M	126M	165M	167M
Gain (Loss) On Sale Of Assets	-	-	-	661K	-
EBT, Incl. Unusual Items	104M	102M	126M	166M	167M
Income Tax Expense	27.24M	23.56M	31.48M	42.7M	42.97M
Earnings From Continuing Operations	76.89M	78.74M	94.5M	123M	124M
Net Income to Company	76.89M	78.74M	94.5M	123M	124M
Minority Interest	-127K	-588K	-53K	115K	-730K
Net Income - (IS)	76.76M	78.16M	94.45M	124M	123M
Net Income to Common Incl Extra Items	76.76M	78.16M	94.45M	124M	123M
Net Income to Common Excl. Extra Items	76.76M	78.16M	94.45M	124M	123M
Per Share Items
Net EPS - Basic	8.02	8.17	9.87	12.9	10
Basic EPS - Continuing Operations	8.02	8.17	9.87	12.9	10
Basic Weighted Average Shares Outstanding	9.57M	9.57M	9.57M	9.58M	12.28M
Net EPS - Diluted	8.02	8.17	9.87	12.9	10
Diluted EPS - Continuing Operations	8.02	8.17	9.87	12.9	10
Diluted Weighted Average Shares Outstanding	9.57M	9.57M	9.57M	9.58M	12.28M
Normalized Basic EPS	6.79	6.62	8.22	10.81	8.42
Normalized Diluted EPS	6.79	6.62	8.22	10.81	8.42
Supplemental Items
EBITDA	215M	212M	227M	265M	257M
EBITA	145M	155M	159M	200M	192M
EBIT	145M	155M	159M	200M	192M
Total Revenues (As Reported)	1.81B	2.27B	2.23B	1.99B	2.33B
Effective Tax Rate - (Ratio)	26.16	23.03	24.99	25.7	25.8
Total Current Taxes	25.62M	19.52M	33.63M	45.86M	32.05M
Total Deferred Taxes	1.63M	4.04M	-2.15M	-3.15M	10.92M
Normalized Net Income	64.96M	63.35M	78.69M	104M	103M
Non-Cash Pension Expense	-	-	-	3.1M	2.08M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	73K
Marketing Expenses	-	-	-	1.81M	590K
Selling and Marketing Expenses	-	-	-	1.81M	663K
Maintenance & Repair Expenses, Total	-	5.81M	12.29M	5.54M	9.53M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	-	-	-	56.58M	40.12M
Short Term Investments	-	-	-	-	50.5M
Total Cash And Short Term Investments	-	-	-	56.58M	90.62M
Accounts Receivable, Total	-	-	-	716M	962M
Other Receivables	-	-	-	-	116M
Total Receivables	-	-	-	716M	1.08B
Prepaid Expenses	-	-	-	56.66M	46.1M
Other Current Assets, Total	-	-	-	76.15M	192M
Total Current Assets	-	-	-	906M	1.41B
Gross Property Plant And Equipment	-	-	-	729M	1.09B
Accumulated Depreciation	-	-	-	-415M	-480M
Net Property Plant And Equipment	-	-	-	314M	613M
Long-term Investments	-	-	-	7K	7.73M
Goodwill	-	-	-	-	0
Other Intangibles, Total	-	-	-	6.93M	11.76M
Deferred Charges Long-Term	-	-	-	-	45.59M
Other Long-Term Assets, Total	-	-	-	37.71M	50.66M
Total Assets	-	-	-	1.26B	2.13B
Liabilities
Accounts Payable, Total	-	-	-	109M	116M
Accrued Expenses, Total	-	-	-	32.69M	28.46M
Short-term Borrowings	-	-	-	273M	334M
Current Portion of Long-Term Debt	-	-	-	58.82M	160M
Other Current Liabilities	-	-	-	32.18M	31.35M
Total Current Liabilities	-	-	-	505M	670M
Long-Term Debt	-	-	-	83.01M	126M
Pension & Other Post Retirement Benefits	-	-	-	8.23M	9.32M
Deferred Tax Liability Non Current	-	-	-	3.16M	14.08M
Other Non Current Liabilities	-	-	-	7.5M	7.56M
Total Liabilities	-	-	-	607M	827M
Common Stock, Total	-	-	-	98.99M	136M
Comprehensive Income and Other	-	-	-	554M	1.17B
Total Common Equity	-	-	-	653M	1.3B
Minority Interest	-	-	-	4.22M	4.94M
Total Equity	-	-	-	657M	1.31B
Total Liabilities And Equity	-	-	-	1.26B	2.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.57M	9.57M	9.57M	9.9M	13.56M
ECS Total Common Shares Outstanding	9.57M	9.57M	9.57M	9.9M	13.56M
Book Value / Share	-	-	-	65.99	96.13
Tangible Book Value	-	-	-	646M	1.29B
Tangible Book Value Per Share	-	-	-	65.29	95.26
Total Debt	-	-	-	415M	620M
Net Debt	-	-	-	358M	530M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	8.89M	9.88M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	4.22M	4.94M
Account Code - Inventory Valuation	-	-	-	3	3
Land - (BS)	-	-	-	80.63M	80.68M
Buildings, Total	-	-	-	109M	133M
Machinery, Total	-	-	-	539M	821M
Full Time Employees	-	-	244	219	253

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	76.76M	78.16M	94.45M	124M	123M
Depreciation & Amortization - CF	70.09M	56.51M	67.92M	65.24M	65.21M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	277K	-
Depreciation & Amortization, Total	70.09M	56.51M	67.92M	65.52M	65.21M
Amortization of Deferred Charges, Total - (CF)	-	-	-	575K	14.23M
(Gain) Loss From Sale Of Asset	-444K	-72K	-623K	-661K	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-87K	-
Other Operating Activities, Total	45.48M	57.33M	33.72M	32.14M	51.72M
Change In Accounts Receivable	-131M	23.55M	93.33M	-155M	-235M
Change In Accounts Payable	-11.51M	12.71M	-136M	9.02M	7.31M
Change in Other Net Operating Assets	-217M	-16.64M	3.42M	-15.28M	-237M
Cash from Operations	-167M	212M	156M	59.91M	-210M
Capital Expenditure	-91.28M	-46.84M	-32.35M	-98.24M	-374M
Sale of Property, Plant, and Equipment	-	-	-	1.12M	-
Investment in Marketable and Equity Securities, Total	900K	82K	197K	1.24M	-50.81M
Other Investing Activities, Total	-9.7M	-20.09M	-8.42M	171K	-72.38M
Cash from Investing	-100M	-66.86M	-40.57M	-95.72M	-497M
Short Term Debt Issued, Total	-	-	-	16.5M	162M
Long-Term Debt Issued, Total	-	-	-	47.11M	43.16M
Total Debt Issued	-	-	-	63.61M	205M
Short Term Debt Repaid, Total	-	-37.16M	-22.28M	-	-
Long-Term Debt Repaid, Total	-69.75M	-66.68M	-54.98M	-	-
Total Debt Repaid	-69.75M	-104M	-77.26M	-	-
Issuance of Common Stock	-	-	-	-	527M
Other Financing Activities, Total	335M	-43.56M	-32.34M	13.49M	-41.34M
Cash from Financing	265M	-147M	-110M	77.1M	691M
Miscellaneous Cash Flow Adjustments	-1K	-	-1K	1K	-
Net Change in Cash	-1.9M	-2.7M	5.56M	41.3M	-16.46M
Supplemental Items
Cash Interest Paid	42.86M	52.03M	35.48M	33.14M	41.4M
Cash Income Tax Paid (Refund)	-	-	-	45.86M	32.05M
Levered Free Cash Flow	-	-	-	-89.68M	-663M
Unlevered Free Cash Flow	-	-	-	-68.49M	-639M
Change In Net Working Capital	-	-	-	161M	464M
Net Debt Issued / Repaid	-69.75M	-104M	-77.26M	63.61M	205M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	-	-	10.8	7.05
Return on Total Capital	-	-	-	13.09	7.98
Return On Equity %	-	-	-	21.63	12.57
Return on Common Equity	-	-	-	21.82	12.56
Margin Analysis
Gross Profit Margin %	14.7	10.86	12.24	16.82	15.02
SG&A Margin	-	-	-	0.09	0.03
EBITDA Margin %	11.86	9.33	10.22	13.33	11.12
EBITA Margin %	7.99	6.84	7.16	10.05	8.3
EBIT Margin %	7.99	6.84	7.16	10.03	8.3
Income From Continuing Operations Margin %	4.25	3.47	4.26	6.2	5.35
Net Income Margin %	4.24	3.44	4.26	6.21	5.32
Net Avail. For Common Margin %	4.24	3.44	4.26	6.21	5.32
Normalized Net Income Margin	3.59	2.79	3.55	5.2	4.48
Levered Free Cash Flow Margin	-	-	-	-4.51	-28.71
Unlevered Free Cash Flow Margin	-	-	-	-3.44	-27.66
Asset Turnover
Asset Turnover	-	-	-	1.72	1.36
Fixed Assets Turnover	-	-	-	6.67	4.98
Receivables Turnover (Average Receivables)	-	-	-	3.11	2.76
Short Term Liquidity
Current Ratio	-	-	-	1.79	2.1
Quick Ratio	-	-	-	1.53	1.74
Operating Cash Flow to Current Liabilities	-	-	-	0.12	-0.31
Days Sales Outstanding (Average Receivables)	-	-	-	117.52	132.28
Average Days Payable Outstanding	-	-	-	23.01	20.87
Long Term Solvency
Total Debt/Equity	-	-	-	63.08	47.41
Total Debt / Total Capital	-	-	-	38.68	32.16
LT Debt/Equity	-	-	-	12.63	9.65
Long-Term Debt / Total Capital	-	-	-	7.74	6.54
Total Liabilities / Total Assets	-	-	-	48.01	38.73
EBIT / Interest Expense	3.31	2.85	4.3	5.89	4.92
EBITDA / Interest Expense	4.91	3.89	6.14	7.82	6.59
(EBITDA - Capex) / Interest Expense	2.82	3.03	5.27	4.93	-3
Total Debt / EBITDA	-	-	-	1.56	2.41
Net Debt / EBITDA	-	-	-	1.35	2.06
Total Debt / (EBITDA - Capex)	-	-	-	2.48	-5.31
Net Debt / (EBITDA - Capex)	-	-	-	2.14	-4.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	25.39	-2.27	-10.28	16.06
Gross Profit, 1 Yr. Growth %	-	-7.35	10.15	23.26	3.66
EBITDA, 1 Yr. Growth %	-	-1.34	6.99	17.13	-3.16
EBITA, 1 Yr. Growth %	-	7.4	2.18	25.95	-4.18
EBIT, 1 Yr. Growth %	-	7.4	2.18	25.79	-4.05
Earnings From Cont. Operations, 1 Yr. Growth %	-	2.42	20.01	30.64	0.11
Net Income, 1 Yr. Growth %	-	1.82	20.85	30.83	-0.58
Normalized Net Income, 1 Yr. Growth %	-	-2.47	24.2	32.25	-0.18
Diluted EPS Before Extra, 1 Yr. Growth %	-	1.85	20.83	30.7	-22.47
Accounts Receivable, 1 Yr. Growth %	-	-	-	27.58	34.95
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-	10.89	95.13
Total Assets, 1 Yr. Growth %	-	-	-	20.87	68.83
Tangible Book Value, 1 Yr. Growth %	-	-	-	36.47	99.68
Common Equity, 1 Yr. Growth %	-	-	-	36.19	99.36
Cash From Operations, 1 Yr. Growth %	-	-226.78	-26.38	-61.53	-451.07
Capital Expenditures, 1 Yr. Growth %	-	-48.68	-30.95	197.97	280.37
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	-224.1	639.55
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	-172.53	832.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	10.7	-6.36	2.04
Gross Profit, 2 Yr. CAGR %	-	-	1.03	16.52	13.04
EBITDA, 2 Yr. CAGR %	-	-	2.74	11.97	6.5
EBITA, 2 Yr. CAGR %	-	-	4.76	13.41	9.85
EBIT, 2 Yr. CAGR %	-	-	4.76	13.34	9.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	10.86	25.21	14.36
Net Income, 2 Yr. CAGR %	-	-	10.93	25.74	14.05
Normalized Net Income, 2 Yr. CAGR %	-	-	10.06	27.89	14.9
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	10.94	25.67	0.66
Accounts Receivable, 2 Yr. CAGR %	-	-	-	4.59	30.86
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	-0.61	47.1
Total Assets, 2 Yr. CAGR %	-	-	-	4.55	42.85
Tangible Book Value, 2 Yr. CAGR %	-	-	-	30.61	65.13
Common Equity, 2 Yr. CAGR %	-	-	-	30.22	64.82
Cash From Operations, 2 Yr. CAGR %	-	-	-3.39	-46.78	16.21
Capital Expenditures, 2 Yr. CAGR %	-	-	-40.47	44.66	236.66
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	202.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	160.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	3.21	0.58
Gross Profit, 3 Yr. CAGR %	-	-	-	7.95	12.07
EBITDA, 3 Yr. CAGR %	-	-	-	7.29	6.68
EBITA, 3 Yr. CAGR %	-	-	-	11.4	7.22
EBIT, 3 Yr. CAGR %	-	-	-	11.35	7.22
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	17.1	16.21
Net Income, 3 Yr. CAGR %	-	-	-	17.2	16.27
Normalized Net Income, 3 Yr. CAGR %	-	-	-	16.82	17.75
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	17.17	6.98
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	13.66
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	24.46
Total Assets, 3 Yr. CAGR %	-	-	-	-	22.66
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-	50.49
Common Equity, 3 Yr. CAGR %	-	-	-	-	50.12
Cash From Operations, 3 Yr. CAGR %	-	-	-	-28.93	-0.19
Capital Expenditures, 3 Yr. CAGR %	-	-	-	2.48	99.66