Annual reportSep 2026
Sep 2026 · Shareholders meeting 4 Sep - Annual Report 2025-26 filed; 14th AGM on September 28, 2026, with remote e-voting.
Source: Nse
Ashwini Container Movers Ltd. (ASHWINI)
SME CapServices stocks · SME cap · NSE
Ashwini Container Movers Ltd. (ACML) is an asset-led 2PL operator focused on containerised cargo movement across India’s key EXIM corridors. The company leverages 100% owned fleet operations for consistent service delivery, margin control, and long-term customer relationships, positioning itself as a fleet-backed logistics platform.
₹156.95
-5.15 · -3.18%
Market cap ₹252 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result26 Apr, 11:17 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 -8.6% / mo · MACD +
Stock trend: 45
Sector RS: —
Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ASHWINID candles · FIT view+7.0%Latest close ₹156.95 on 2026-10-21
Daily history is available from 2025-12-19; the requested 1Y window is partially covered.
Bar
-1.3%
RSI
40
MACD hist
0.66
52W pos
37%
2026-10-21O ₹159.00H ₹159.00L ₹155.50C ₹156.95Vol 4,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ASHWININifty 500
- ASHWINI
- -24.5%
- Nifty 500
- -6.5%
- Vs Nifty 500
- -18.0 pp
Chart stats
21 Oct 2026- From 52W high
- -28.6%
- 52W range position
- 37%
- ATR (14)
- 3.7%
- Volume vs 20D
- 0.43x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹150 - ₹182
₹219.9
₹120 - ₹219.9
₹5.9
Latest completed session
20-session average
55.6% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED60
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model+36.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2025
Pending dataYoY comparison unavailable - result verdict pending data
Filed 30 Sept 2025
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹55 Cr | NDF | +19.6% |
| EBITDA | ₹19 Cr | NDF | NDF |
| Operating margin | 35.0% | NDF | NDF |
| PAT | ₹10 Cr | NDF | +100.0% |
| PAT margin | 18.2% | NDF | NDF |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 17.60
- P/B
- 2.74
- EV/EBITDA
- 7.51
- Market Cap
- 252.00Cr
Profitability
- ROE
- 25.10%
- ROCE
- 20.60%
- ROA
- 8.00%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 31.00%
- EPS 5Y
- 31.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 89.00%
Balance Sheet
- Debt/Equity
- 0.77
- Interest Coverage
- 4.86×
- Altman Z
- 4.01
- Book Value
- 61.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -1.00 Cr
- EPS TTM
- 9.37
Shareholding
- Promoter Hold
- 66.67%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 48%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 55.0+19.6% vs prev
Net Profit
₹ CrLatest: 10.0+100.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 40. Wait for confirmation.
- SMA20 falling (~9.4% over last month) — short-term momentum negative.
- RSI(14) at 40 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 29% off 52W high · 31% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
63
RS percentile
Stage 1 Base / Transition
1M return
-4.1%
3M return
-21.6%
6M return
+9.8%
1Y return
-
RS 1D
-1
RS 20D
-4
Sector rank
#11
Industry rank
#34
Stage evidence
- Price is within 4.2% of the 30-week proxy.
- The 30-week proxy changed +2.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
197 observations
21 Oct 2026Value 121.46-2.28%
RS vs Nifty 500121
Valuation & peers
U-Score 60 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 60 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · UNDERVALUEDValuation11/30
Growth24/25
Quality17/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
60
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
60/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 36.9%.
- Growth contributes 24/25 to the score.
- Quality contributes 17/20 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Valuation is weaker at 11/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
17.6
PB
2.7
EV/EBITDA
7.5
ROE
25.1%
ROCE
20.6%
FCF Yield
—
Debt/Equity
0.8
MoS
+36.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
60
Previous: 60
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+36.9%
Previous: +34.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
60
60
60
60
60
60
60
60
60
60
60
60
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹113.68
-38.1% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹248.77
+36.9% MoS
PEG
0.35
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
JAYESH
SME
Jayesh Logistics Ltd.
Logistics
match 84
62
10.8
29.0%
+59%
UNDERVALUED
OLIL
SME
Oneclick Logistics India Ltd.
Logistics
match 84
21
114.0
5.5%
-322%
OVERVALUED
ZEAL
SME
Zeal Global Services Ltd.
Logistics
match 84
61
8.4
12.8%
+69%
UNDERVALUED
PRLIND
SME
Premier Roadlines Ltd.
Logistics
match 83
46
6.8
14.4%
-104%
FAIR VALUE
ASHALOG
SME
Ashapura Logistics Ltd.
Logistics
match 83
52
9.1
6.7%
+66%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-22T08:24:24.173Z
Management commentary snapshot
Ashwini Container Movers reported robust H1FY26 results with Revenue of ₹54.90 Cr, EBITDA of ₹19.00 Cr (34.6% margin), and PAT of ₹9.91 Cr, demonstrating significant margin expansion and strong operational performance driven by its asset-led 2PL model.
ACML's asset-led 2PL model, focused on port-centric EXIM corridors, continues to deliver strong financial performance and margin expansion. Strategic entry into port terminal operations and disciplined capacity additions are expected to enhance revenue visibility and asset productivity, reinforcing the company's competitive positioning.
Growth engines
Targeted Capacity Expansion
Fleet growth is directly synchronized with visible demand from established port ecosystems and long-term B2B clients, ensuring high initial utilization.
Accelerated Vessel Velocity
Proactively driving higher container rotation frequencies and denser route clustering by optimizing dispatch planning to amplify earnings.
Entry into Port Terminal Operations
Secured a 4-year contracted order valued at ₹60 crore for intra-port logistics at JNPT, introducing stable revenue streams.
Structural Margin Expansion
Optimising cargo mix toward higher-margin specialised segments (e.g., reefer, hazardous) and improving return-trip planning.
Capacity and execution
Fleet Size Growth
Fleet size increased to 312 vehicles in H1FY26 from 266 in FY25, aligned with volume visibility.
JNPT Terminal Contract
Secured a 4-year contracted order valued at ₹60 crore for intra-port logistics operations at JNPT, deploying dedicated assets.
Tailwinds
Structural Policy Support
Government programs like Sagarmala and Bharatmala are strengthening port and road connectivity, improving freight velocity.
Infrastructure Investment
₹50,000 crore investment in Multi-Modal Logistics Parks and ₹7.5 lakh crore infrastructure capex (PM GatiShakti FY23) reducing congestion.
Digitisation Initiatives
Digital initiatives (Parivahan Portal, E-Way Bill, Logistics Data Bank App) improving tracking visibility and reducing turnaround delays.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Full year financial trends (FY22-FY25) are best read YoY to understand long-term growth. H1FY26 results, while not directly comparable YoY without H1FY25 data, indicate strong sequential momentum and operational efficiency gains from the previous full year.
Sector KPIs management disclosed
Fleet Size
Increased to 312 vehicles in H1FY26 from 266 in FY25.
Trip Days Per vehicle
Increased to 3.66 in H1FY26 from 3.46 in FY25.
No. Of containers Handled
Handled 13,681 containers in H1FY26, compared to 25,201 in FY25.
Avg Rate Per Container (₹)
Increased to 38.336 in H1FY26 from 37.348 in FY25.
Management forward view
Asset-led 2PL Model
ACML is positioned as a fleet-backed logistics platform rather than a traditional transport intermediary, delivering reliability through 100% fleet ownership.
Operational Leverage
Operating leverage improves margins as scale increases, with cash flows reinvested into fleet expansion and balance sheet strength.
Port-Centric Strategy
Operates through a structurally differentiated port-centric logistics model at JNPT and Hazira, India’s most important containerized trade hubs.
Technology as Enabler
Implemented a customized operational platform to enhance real-time fleet visibility, route planning discipline, and preventive maintenance scheduling.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Fleet Utilization | Trip Days Per vehicle at 3.66 in H1FY26. | Continued improvement in trips per vehicle and reduced idle time to drive operating leverage. |
| EBITDA Margin | 34.6% in H1FY26. | Sustained margin expansion through route density optimisation and higher-margin cargo mix. |
| Contracted Revenue | ₹60 crore 4-year contract at JNPT. | Execution and ramp-up of port terminal operations to secure stable revenue streams. |
| Debt-Equity Ratio | 2.51% in H1FY26. | Management's ability to manage borrowings effectively while funding fleet expansion. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 73rd percentile within Services. Main check: cash conversion is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Services: 73rd pctile, median 66 · SME: 81st pctile, median 64
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
53
watch · profit to cash conversion
Balance sheet
56
watch · leverage and solvency
Discipline
98
strong · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 66.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.7%.
- ▸ROCE is 24.1%.
Trust risks
- ▸Debt/equity is 3.00.
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ashwini Container Movers Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationMar 2026
Mar 2026 · PPT
Source: Nse
Annual reportMar 2026
Mar 2026 · General Updates 4 Sep - Annual report 2025-26 and 14th AGM notice issued; AGM on 28 September 2026, remote e-voting 25-27 September.
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.