Arthneeti

Navkar Corporation Q2 FY27 Share Price & Earnings Call Analysis

₹74.70-3.24% today
Market cap
₹1,124 Cr
P/E
28.11
ROE
1.56%
PEG
-1.04
Price to sales
1.52
Debt to equity
0.09
52W high / low
₹119 / ₹73.0
Sales growth (5Y)
0.45%
EBITDA margin
17.69%
Net profit margin
4.41%
Promoter holding
70.37%
Sales (last year)
₹740 Cr

Guidance scorecard · Q2 FY27 call

What Navkar Corporation Ltd's management guided

Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • JSW Infrastructure aims to expand port capacity from 186 million tonnes per annum to 300 million tonnes by FY28, and further to 400 million tonnes by FY30.
  • India operations grew 10% YoY, outperforming industry growth of 5%, driven by diversified cargo and increased third-party volumes.
  • Ports segment expects volume growth in H2, with domestic cargo growth projected better than H1.
  • Logistics business is scaling rapidly, with rake fleet expansion from 78 to 110 planned, supporting revenue and EBITDA growth.
  • Despite short-term disruptions at Fujairah, management remains confident of maintaining growth guidance with broad 8-10% YoY volume growth expected in H2.

2 more points from Navkar Corporation Ltd's call on revenue

Create a free account to keep reading this call

Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Navkar Corporation Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • FY27 capex guidance remains at INR16,500 crores, with INR2,100 crores spent in H1 and INR6,000 crores of purchase orders outstanding.
  • Committed expenditure as of September 2026 stands close to INR14,250 crores, with INR6,000 crores of machinery and contract orders placed.
  • Ongoing capacity expansion to 300 million tonnes per annum by FY28 in ports business, including mechanization works at Jatadhar and berth readiness by March 2027.
  • New projects: Oman terminal tender bids expected mid-November 2026; work to start in Q4 FY27.
  • Murbe project proceeding with land acquisition; construction expected to start Q4 FY27.
  • Keni project awaiting environmental clearance, expected within 3-4 months, post which construction will begin.

2 more points from Navkar Corporation Ltd's call on capex

Create a free account to keep reading this call

Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what Navkar Corporation Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • As of October 27, 2026, JSW Infrastructure Limited has already spent approximately INR 2,100 crores in FY27 and expects to spend INR 5,000 - 6,000 crores more in the financial year.
  • Total committed expenditure till September 2026 since the start of the capex program is close to INR 14,250 crores.
  • Purchase Orders (POs) outstanding are nearly INR 6,000 crores, and creditors amount to INR 900 crores.
  • The company maintains a capex guidance of INR 16,500 crores for FY27 with no change to the target.

2 more points from Navkar Corporation Ltd's call on the order book

Create a free account to keep reading this call

Full Q2 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Navkar Corporation Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of Navkar Corporation Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Navkar Corporation Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +70.44%70.44%70.44%70.44%70.45%70.45%70.37%70.37%70.37%70.37%70.37%70.37%
FIIs +0.79%0.28%0.24%0.29%0.73%0.33%0.21%0.22%0.22%0.17%0.67%0.47%
DIIs +0.00%0.00%0.00%1.77%1.31%2.04%1.89%1.95%1.65%1.65%0.02%0.05%
Public +28.76%29.26%29.32%27.49%27.51%27.18%27.54%27.46%27.75%27.81%28.94%29.10%
No. of Shareholders53,40857,95655,00756,45955,82355,35956,26758,57360,24860,34759,52461,362

Financials of Navkar Corporation Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +95117118118136129104138162186201191223
Expenses +8010599116118122123118138152161158190
Operating Profit1412192187-19202433403333
OPM %15%11%16%1.8%13%6%-18%15%15%18%20%17%15%
Other Income +1-31-4-101100224
Interest2565654444435
Depreciation10111213131313131415151517
Profit before tax4-72-20-2-10-354715231616
Tax %40%107%-259%-34%17%13%-47%35%34%38%40%25%25%
Net Profit +2-157-13-2-11-19249141212
EPS in Rs0.14-0.980.48-0.87-0.15-0.76-1.230.160.290.620.930.820.78

Financials of Navkar Corporation Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +329347371428483567672453442435487687801
Expenses +208213232262330400528363354367478569661
Operating Profit1211341391671531671449088689118140
OPM %37%39%38%39%32%29%21%20%20%16%1.9%17%17%
Other Income +23211310-13246-7-538
Interest26343118454860201914211616
Depreciation15192023404250282742515761
Profit before tax811139912869773374885-674970
Tax %14%16%10%21%23%41%51%9%-5%137%-32%38%
Net Profit +7095891015345166792-2-453047
EPS in Rs6.356.656.236.703.513.011.064.476.14-0.11-3.012.003.15
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Financials of Navkar Corporation Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital110143143151151151151151151151151151151
Reserves3959941,3181,5511,6041,6491,6651,7321,8261,8241,7781,8071,832
Borrowings +51136750539549654763470944219168177137
Other Liabilities +56106133484381444245395075286
Total Liabilities1,0721,6092,1002,1442,2932,4272,4932,6342,0652,2332,1472,2102,405
Fixed Assets +7908591,2391,9211,9582,1602,2262,2651,6531,9461,9301,9222,083
CWIP-01145261312246429854235221
Investments560-0-0-0-0-0-0-0-0-0-0-0
Other Assets +278575334211214222225270359265212286300
Total Assets1,0721,6092,1002,1442,2932,4272,4932,6342,0652,2332,1472,2102,405

Financials of Navkar Corporation Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6716210873128165114125126628477
Cash from Investing Activity +-101-509-47-108-181-170-117-152648-302-5-56
Cash from Financing Activity +33350-286491823-685154-81-10
Net Cash Flow-0334-29-3-45-488-86-211
Free Cash Flow-44-63-143-115-58-10-3-27769-2407925
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit74%139%98%58%98%105%86%157%159%103%919%75%

Financials of Navkar Corporation Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days865044445352587325758495
Inventory Days
Days Payable
Cash Conversion Cycle865044445352587325758495
Working Capital Days-22-120-1676-23-33-10-1674924136
ROCE %12%12%8%7%5%5%4%3%3%2%-2%3%

Guidance history

How Navkar Corporation Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlannedPlanned—
Q1 FY27 call →10–20%FlatPlannedPlannedRising
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →20–40%Up 2%+Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

7out of 100

Momentum score · price trend

7 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−37.2%15%
Last 6 months−25.6%13%
Last 3 months−27.3%8%

The price is 67.8% below its all-time high of ₹232.1 (12 May 2017). Stocks more than 20% below their peak have their score halved, so 13 became 7.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Navkar Corporation Ltd: 0.4 × 15 + 0.4 × 13 + 0.2 × 8 = 13, halved to 7 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Navkar Corporation Ltd's management said in earlier quarters