
Ashwini Container Movers Ltd.
IPO Review Rating
Overall Recommendation
₹135.0 to ₹142.0
-
TBD
1,000.0 Shares
| Issue Size (in Cr) | |
|---|---|
| Overall | ₹71.0 Cr |
| Fresh Issue | ₹71.0 Cr |
| Offer for Sale | - |
Minimum Investment
₹2,84,000.0 / 20,00,000 shares

Merchant Banker
Corporate Professionals
IPO Document
IPO Document
12th Dec 2025
16th Dec 2025
₹213.0 Cr
₹94.1 Cr
₹11.5 Cr
₹71.0 Cr
Face Value
₹ 10.0Offer Price
₹ 142.0Lot Size
1,000.0 sharesSale Type
Fresh IssuePAT FY'25
₹ 11.5 CrPAT Margin (FY'25)
12.0 %P/E Multiple
10.7xEBITDA (FY'25)
₹ 24.9 CrCAGR Growth 3Y
17.0 %ROE (FY'25)
75.9 %ROCE (FY'25)
25.3 %Debt/Equity
2.6xCompany Website
ashwinimovers.comExplore new deals
Overview
Fund Allocation
Total: ₹0 CrTimeline
Business
Products
Business Model
Geographical Presence
Business Process
Clients
Financial Highlights
Income Statement
Revenue growth with EBITDA and PAT margins
| Financial Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue (₹ Cr) | 76.9 | 78.8 | 94.1 |
| Growth (%) | - | - | - |
| EBITDA (₹ Cr) | - | - | - |
| EBITDA Margin (%) | 15.8% | 17.2% | 26.3% |
| PAT (₹ Cr) | - | - | - |
| PAT Margin (%) | 2.7% | 1.8% | 12.2% |
Balance Sheet
| Financial Metric |
|---|
Cash Flow
| Financial Metric |
|---|
Working Capital
| Efficiency Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
Debtor Days Average number of days taken to collect customer payments. | - | - | - |
Creditor Days Average time taken to pay suppliers and vendors. | - | - | - |
Inventory Days Average number of days inventory remains unsold. | - | - | - |
CCC (Cash Conversion Cycle) (Debtor Days + Inventory Days - Creditor Days) | - | - | - |
Financial Ratios
Industry Overview
Industry Drivers
Market Growth & Demand Expansion
The sector is supported by strong market growth, rising from US$ 107.16 billion in FY23 to US$ 159.54 billion by FY28.
Rising e-commerce penetration is fueling rapid expansion of the express logistics segment at a 14% CAGR.
Increasing demand for smaller, more frequent shipments is driving strong growth in the LTL (Less-than-Truckload) segment at a 10% CAGR.
Infrastructure Development
Major government-led programs such as Bharatmala, Sagarmala, the National Rail Plan, and Jal Marg Vikas are improving multimodal connectivity.
Near completion of Dedicated Freight Corridors (96% as of April 2024) is expected to enhance rail freight capacity and rebalance the modal mix.
Improved port infrastructure and privatization efforts are boosting efficiency at key ports.
States and UTs are upgrading road networks, developing MMLPs, and expanding warehousing capacity to support logistics activity.
Digitalization & Technology Adoption
Rapid adoption of digital platforms such as ULIP, LDB, e-SANCHIT, PCS, and Sagar Setu is improving visibility, documentation, and transparency.
Increasing use of IoT, RFID, automation, warehouse robotics, and route optimization tools is modernizing logistics operations.
Technology-first and asset-light models are helping organized players strengthen market dominance.
Global Competitiveness & Supply Chain Repositioning
Improved ranking in the World Bank Logistics Performance Index—from 44 in 2018 to 38 in 2023—reflects enhanced logistics efficiency.
Global supply-chain diversification is positioning India as a preferred manufacturing and logistics hub.
The India–Middle East–Europe Economic Corridor (IMEC) is expected to elevate India’s relevance in global trade routes.
Government Policy Support
National Logistics Policy (NLP), 2022 providing an integrated, data-driven, end-to-end approach for logistics sector development.
PM GatiShakti (PMGS) enabling integrated planning of multimodal infrastructure across ministries and departments.
Whole-of-Government approach replacing traditional siloed planning to ensure coordinated development.
National Rail Plan for long-term capacity planning and multimodal rail connectivity.
Dedicated Freight Corridors (DFCs) with 96% completion (as of April 2024), enhancing rail freight efficiency.
Jal Marg Vikas Project to develop national waterways and promote inland water transport.
UDAN scheme improving regional air connectivity for cargo.
GST implementation simplifying taxation and enabling smoother interstate logistics.
E-way bill system reducing transit delays and improving shipment monitoring.
e-SANCHIT for digitizing customs documentation.
Port Community System (PCS) improving coordination across port stakeholders.
Sagar Setu – National Logistics Portal (Marine) for integrated maritime logistics.
Unified Logistics Interface Platform (ULIP) providing interoperability and real-time logistics data access.
Logistics Data Bank (LDB) enabling cargo visibility across ports, ICDs, and transport corridors.
Fundraise/Future Plans
Shareholding
Pre-issue shareholding
Promoter Holding 0.0%
Documentation
- Overview
- Business
- Financial Highlights
- Industry Overview
- Fundraise/Future Plans
- Documentation

