Amiable Logistics India Ltd

Amiable Logistics India Ltd exhibits mixed financial performance. Sales grew significantly in fiscal year 2023 but have declined in subsequent years. Profitability also presents a varied picture. The compounded sales growth shows positive trends, but recent TTM figures indicate a contraction. The operating profit margin (OPM) has fluctuated significantly, indicating potential operational inefficiencies.

Amiable Logistics demonstrates reasonable capital efficiency reflected in its Return on Capital Employed (ROCE). ROCE peaked in 2023 before declining. ROE has also seen similar fluctuations. The efficiency with which the company converts assets into revenue, and the effectiveness of its working capital management impacts overall financial health. Although returns are good, the recent downward trend in ROCE warrants attention to ensure sustained capital productivity.

Amiable Logistics exhibits a manageable level of debt, with recent borrowings impacting the debt-to-equity ratio. The company does not distribute dividends, which could be a concern for investors seeking regular income. The trend in borrowings indicates a potential shift in financial strategy that requires monitoring to ensure it remains sustainable. Company has borrowings in the range of 2.04 to 2.93 in recent years.

Amiable Logistics has a high level of promoter holding, indicating strong alignment between management and shareholders. The promoter holding has increased slightly over the last few years, reflecting confidence in the company's prospects. A higher promoter stake generally signals a greater commitment to the company's long-term success. The consistency in promoter holding reinforces the positive outlook on the company's governance and strategic direction.

The quarterly results of Amiable Logistics show volatility in sales and profitability. Sales have fluctuated from ₹ 13.43 million in Sep 2022 to ₹ 9.13 million in Mar 2025. Operating Profit Margin (OPM) has also varied, ranging from 7.36% to -2.41% over the same period. Profit Before Tax shows volatility, ranging from 0.97 in Mar 2024 to 0.21 in Mar 2025. The inconsistency in these metrics indicates that the company experiences volatility in its segment performance.

Interest expenses have shown some fluctuations, ranging from ₹ 0.01 million in Sep 2022 to ₹ 0.13 million in both Sep 2023 and Mar 2024. Considering the company's borrowings and the fluctuations in interest expenses, there is a moderate level of risk related to interest rate exposure.

Tax rates have fluctuated, ranging from 24.14% in Sep 2022 to 47.62% in Mar 2025. These fluctuations could be due to changes in regulatory policies or specific tax planning strategies. The tax rate variations indicate that the company needs to effectively manage its tax obligations.

Amiable Logistics exhibits variability in its working capital management. Debtor days have fluctuated, indicating inconsistencies in collecting receivables. The Cash Conversion Cycle (CCC) has varied from -21.69 days to 33.37 days, reflecting changes in the efficiency of managing working capital. Working Capital Days have also shown fluctuations, ranging from 17.07 days to 58.29 days. These fluctuations suggest that the company's working capital management is not consistently optimized.