Rapid Fleet Management Services Ltd. (RAPIDFLEET)
SME CapServices stocks · SME cap · NSE
Rapid Fleet Management Services Limited is a Chennai-headquartered B2B road transportation company providing pan-India full truckload (FTL) and project logistics services to corporate customers across industries including FMCG, tyres, automotive, electronics, white goods, building materials and renewable energy. It is listed on the NSE Emerge (SME) platform.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Average · 30/100YoY data unavailable — classification deferred
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹129 Cr | NDF | +72.0% |
| EBITDA | ₹17 Cr | +88.9% | +70.0% |
| Operating margin | 13.0% | +300 bps | +0 bps |
| PAT | ₹8 Cr | NDF | +100.0% |
| PAT margin | 6.2% | +275 bps | +87 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Rapid Fleet Management Services Ltd. reported strong financial growth for FY26 and H2FY26, with full-year revenue up 18.51% YoY and PAT up 21.3% YoY. H2FY26 saw even higher growth, with revenue up 47.9% YoY and PAT up 155.65% YoY, driven by ODC and existing customer deepening.
The company demonstrated robust financial performance in FY26 and H2FY26, supported by strong execution with existing customers and successful scaling of higher-realization Over-Dimensional Cargo (ODC) movements. Strategic fleet expansion and operational enhancements in the renewable sector position it well for continued growth, aligning with positive industry tailwinds.
Sector-wise Sales Share (%) FY 2025-26
Latest issuer-disclosed distribution across 4 reported categories.
Over-Dimensional Cargo (ODC) Movements
Scaled up ODC movements relating to renewable energy, adding a higher-realization revenue stream and broadening the addressable market.
Deepening Existing Customer Relationships
Continued strong execution across existing customer base (FMCG, automobile, electronics, white goods, renewables), with relationships deepening further.
Specialized Fleet Composition
Breadth of fleet enables serving general FTL movements as well as specialized project cargo and ODC under a single roof, a key differentiator.
Fleet Expansion
Net carrying value of Fleet rose ~40% from X 36.59 Crores (Mar 2025) to X 51.48 Crores (Mar 2026), reflecting calibrated additions across vehicle categories.
Owned Fleet Size
The company's owned fleet now stands at over 250 vehicles, encompassing a comprehensive mix of equipment.
Heavy-Lift Capability
Added 80+ ton hydraulic mobile cranes to the fleet, ensuring critical lifting operations are no longer a bottleneck for project and ODC consignments.
Yard Management
Operationalized and managed a 30-acre yard near Thoothukudi for windmill component logistics, receiving an industry award.
Government Infrastructure Spending
Sustained government capital expenditure on infrastructure supports India's road logistics sector.
Logistics Policy & PM Gati Shakti
National Logistics Policy and PM Gati Shakti Master Plan provide strong structural tailwinds.
Formalization of Freight Movement
Post-GST formalization continues to shift business from unorganised operators to compliant, asset-backed providers like RFMSL.
Healthy Demand from Core Verticals
Demand from renewables, power, infrastructure, FMCG, tyres, automotive components, and electronics remains healthy.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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.
The company operates in B2B road transportation, which can have project-based or seasonal demand fluctuations. Year-over-year comparison provides a clearer picture of underlying business growth and performance trends, especially given the explicit YoY figures provided for both full year and half year.
Total Trips
The company completed 72,689 total trips in FY26.
Total KM Covered
The company covered over 2.01 Crore kilometers in FY26.
Lanes Operated
The company operated across 2,450 lanes in FY26.
Focus on Wallet Share & ODC Scaling
Company will focus on deepening wallet share with existing marquee B2B customers and scaling its ODC and project cargo franchise.
Calibrated Fleet Expansion
Management plans to continue calibrated fleet expansion supported by GPS-enabled monitoring, route optimisation, and in-house maintenance.
Positioned for Sustained Growth
The company believes it is well-positioned to deliver sustained, profitable growth and consolidate its position as a trusted nationwide partner.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Renewable Sector Sales Share | 57.2% of sales in FY26 | Continued growth in renewable sector contribution, indicating successful ODC scaling. |
| Fleet Carrying Value Growth | Increased ~40% YoY to X 51.48 Crores in FY26 | Further calibrated additions to fleet, supporting ODC and project cargo expansion. |
| Customer Wallet Share Deepening | Relationships deepening with existing customers | Evidence of increased business volume or new service offerings with existing marquee B2B clients. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
61BullishSMA20 +9.3% / mo · MACD + · near 52W high
Technical chart
RAPIDFLEETdaily · 1Y · AUTO+32.4%Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 68.
- SMA20 rising (~8.5% over last month) — short-term momentum positive.
- RSI(14) at 68 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 5% off 52W high · 47% 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.
Valuation & score drivers
U-Score 59 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 59 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 47.1%.
- Growth contributes 23/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
- Quality is weaker at 9/20; verify the latest quarterly trend.
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.
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.
Score history
12 stored score snapshots. Latest stored move: -7 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: 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 55/100.
Healthy Trust Lite: Promoter holding is 67.5%. Key concern: ROCE trend is -8.5%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Services: 73rd pctile, median 66 · SME: 81st pctile, median 64
1 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead 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.
Trust positives
- ▸Promoter holding is 67.5%.
- ▸Promoter pledge is zero.
- ▸OPM spread across recent quarters is 4%.
Trust risks
- ▸ROCE trend is -8.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 9.76
- P/B
- 1.49
- EV/EBITDA
- 3.76
- Market Cap
- 122.00Cr
Profitability
- ROE
- 16.60%
- ROCE
- 19.20%
- ROA
- 9.09%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 26.00%
- EPS 5Y
- 26.00%
- Revenue 3Y
- 25.00%
- EPS 3Y
- 38.00%
Balance Sheet
- Debt/Equity
- 0.21
- Interest Coverage
- 13.50×
- Altman Z
- 4.66
- Book Value
- 110.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 8.00 Cr
- EPS TTM
- 16.77
Shareholding
- Promoter Hold
- 67.54%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Services, ranked by similarity
Peers
Business-comparable names in Services, ranked by similarity
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.