Tejas Cargo India Limited (NSE SME)

Tejas Cargo IPO Details

IPO Reservation

Key Performance Indicator

Company Financials In Crores

About Company

Tejas Cargo India Private Limited, incorporated on March 26, 2021, is a Faridabad, Haryana-based logistics company specializing in long-haul supply chain transportation services across India. The company primarily offers Full Truck Load (FTL) express transportation solutions to diverse industries, including logistics, steel, cement, e-commerce, industrial chemicals, FMCG, and white goods sectors. As of September 30, 2024, over 61% of trips were conducted using its owned fleet, while the rest were outsourced on an ad-hoc basis. During Fiscal 2024, the company completed 98,913 trips, and for the six-month period ended September 30, 2024, it executed 58,943 trips across India, deriving over 98% of its revenue from long-haul supply chain transportation. Tejas Cargo provides technology-driven logistics services, including shipment planning, route optimization, fleet selection, tracking, documentation, communication, and performance evaluation. As of October 31, 2024, the company operates a fleet of 1,131 vehicles—218 trailers and 913 container trucks—with capacities up to 42 tonnes. Of these, 292 vehicles are debt-free, comprising 34 trailers and 258 container trucks. Four vehicles are yet to be transferred from Trans Cargo India, a sole proprietorship of promoter Manish Bindal. The fleet integrates IoT-based solutions such as Geo Fencing, Centralized Digital Locking, GPS and SIM tracking, ADAS/DSM, and AI-powered rear cameras, maintaining an average vehicle age of 2.88 years. In Fiscal 2024, Tejas Cargo transported approximately 11,94,199.50 billed tonnes with an on-time delivery rate of 78.13%, improving from 72.38% in Fiscal 2023 and 63.84% in Fiscal 2022. As of September 30, 2024, the company employs 284 personnel.

Strength

Advanced Technology Integration – The company leverages GPS tracking, IoT-based solutions, AI-powered cameras, and supply chain management software to enhance operational efficiency, tracking, and security.

Diverse Service Offerings – In addition to long-haul transportation, Tejas Cargo provides freight forwarding, warehousing, and distribution services, catering to a wide range of customer needs across industries.

Advanced Inventory Management – The use of automated warehousing and inventory management systems ensures streamlined logistics, optimized fleet utilization, and improved reliability in supply chain operations.

Weakness

High Logistics Costs – The overall high cost of logistics in India, including transportation and warehousing expenses, can impact profitability and pricing competitiveness.

Impact of Economic Slowdown – Recession fears and weak global demand may affect export growth, indirectly impacting the logistics industry and reducing freight movement.

Rising Operational Expenses – High costs related to fuel, labor, vehicle maintenance, and regulatory compliance can put pressure on margins and affect overall financial performance.