Navkar Corporation

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹137 Cr against ₹1,983 Cr of shareholders' money (Sep 2026), 0.07 times.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 38% and profit rose 200% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 70% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 12.9 times its yearly earnings (P/E), cheaper than 59% of the time in the last 5 years. Its usual P/E is about 16.

Navkar Corporation against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)12.9 against a typical 16: cheaper than most peers (1st = cheapest).31st of 82
• Sales growth+37.7% against a typical +15.2% from a year earlier.16th of 65
• Profit growth+200% against a typical +4.8% from a year earlier.5th of 51
• Share price, 3 months−25.6% against a typical −6.1%.72nd of 75
• Size₹ 1,170.5 Cr. market value against a typical ₹ 127.3 Cr. (1st = largest).14th of 82

Exchange filings and their impact on the company.

• 27 Oct 2026Press ReleaseMedium impactPositivePrice +0.8% on 28 Oct
  Parent JSW Infra's logistics revenue jumped 71% as rail fleet nearly doubled, signaling stronger volumes for Navkar.

  Navkar filed its parent JSW Infrastructure's Q2 FY2027 media release. JSW Infra reported revenue of Rs 1,481 crore up 17% and operating EBITDA of Rs 674 crore up 11%, with logistics revenue up to Rs 279 crore from Rs 163 crore and EBITDA up 3.3 times to Rs 81 crore. The parent also expanded its rail fleet from 42 to 78 rakes targeting 110 by March 2027 and added Kolkata container and Tamil Nadu multimodal terminals plus NCR Rail acquisition. For Navkar, part of that logistics network since October 2024, this points to stronger volume and utilization tailwinds over the next year.

  Full analysisFiling
• 23 Oct 2026UpdatesHigh impactVery positivePrice −7.7% that day
  Strong Q2/H1 with 37% revenue growth and 3.5x profit plus debt repayment.

  Navkar Corporation reported strong Q2 FY27 with revenue of Rs 223.2 crore, up 37% from last year, and profit of Rs 11.77 crore, up 170%. For the half year, revenue was Rs 413.95 crore and profit was Rs 24.05 crore, more than triple last year. Borrowings fell to Rs 117.5 crore from Rs 168.5 crore in March while operating cash flow was strong at Rs 57.5 crore, supporting continued growth and deleveraging.

  Full analysisFiling
• 14 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −0.4% that day
  Won Rs 48 cr Southern Railway cargo terminal contract with 35-year operation rights.

  Navkar Corporation received a Letter of Acceptance on October 13, 2026 from Southern Railway, Salem for construction and operation of a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station in Tamil Nadu. The contract size is about Rs 48 crore, with construction to be completed in 18 months and railway land licensed for 35 years. It marks an expansion into South India with long-term operation rights, but adds mainly capex in the next 12 months.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sabyasachi Mukherjee

Chief Financial Officer

Mahesh Adapa

Chief Operating Officer

Deepa Gehani

Company Secretary and Compliance Officer

D. Jesus Leo

General Manager - Projects and Sales

Amit Garg

Whole-Time Director