BLT Logistics IPO Review

BLT Logistics is engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. Their logistics operations are supported by their own fleets of containerized trucks and hired from their 99.99% subsidiary, Sabarmati Express India Private Limited (“Sabarmati”) and third-party operators i.e. small fleet owners and agents who provide them with necessary transportation facilities such as containerized trucks.

The promoters, Rakesh Kumar and Krishan Kumar have combined industry experience of more than 25 years between them. Their knowledge, guidance and experience in this industry have been invaluable for the growth and development of the Company. Under the leadership of our promoters and the support of the employees, the company have evolved into a company providing logistics solutions to the clients for more than 13 years.

The Revenues from operations for the Fiscals ended on Mar 31, 2025 and 2024 were ₹ 4,943.31 Lakh and ₹ 4,073.18 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025 and 2024 were ₹ 982.37 Lakh and ₹ 886.16 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025 and 2024 were were ₹ 383.86 Lakh and ₹ 312.98 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 10.97 and post-issue EPS of ₹ 8.00 for FY24. The pre-issue P/E ratio is 6.83x, while the post-issue P/E ratio is 9.37x against the Industry P/E ratio is 10x. The company's ROCE for FY24 is 35.26%, ROE for FY24 is 43.64% and RoNW is 43.73%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of BLT Logistics showing listing gains of 7.98 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the BLT Logistics Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.