Any current/future capex/capital investment/strategic investment?

Total Transport Systems Limited has undertaken capital investment in acquiring 50 electric scooters (EVs) from Bound in Bangalore for their last mile delivery business under Abhilaya, deployed gradually in Bangalore, Mumbai, and Ahmedabad markets to support the government’s green initiative and reduce carbon footprint. They acquired a 60% stake in R.N. Freight Forwarders Private Limited to offer end-to-end services to exporters and importers, enhancing logistics capabilities. They recently raised funds to set up 70 stations for Flipkart’s last mile delivery, with plans for further expansio

Future growth expectations in sales/revenue/volumes?

Abhilaya segment expected to grow 40%-50% per annum, higher than overall Total Transport growth (Page 17). Overall company volume growth currently at ~20%, expected to moderate to 10%-12% due to global recession (Page 17). Full Container Load (FCL) business growth targeted, especially in niche markets like Africa and CIS-Russia sectors (Page 15, 17). One World Logistics last mile delivery targets 1.75 lakh shipments/day by March FY23, aiming 5 lakh shipments/day by FY25-FY26 with revenue growth (Page 12, 13). Expansion in last mile delivery through customers like Flipkart, Jio, Nykaa, Ikea, dr

Future growth expectations in earnings/operating earnings/profits/EPS?

Total Transport Systems Ltd targets a top line of approximately ₹300 crores by 2026 with break-even or modest profits for subsidiaries like Abhilaya. Abhilaya is expected to break even about 3 years down the line, contributing marginally to consolidated EBITDA, which is currently maintained around 3.3% standalone. Overall EBITDA margins are expected to sustain around current levels (~3%), with limited scope for significant improvement due to global recession impacting core LCL business volumes. One World Logistics, the last-mile delivery arm, shows phenomenal growth potential with target

Total Transport Systems LtdQ2 FY23Transport Services

Total Transport Systems Ltd Q2 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹68.59P/E: 12.3Market Cap: ₹111 CrSector: Transport Services

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

Abhilaya segment expected to grow 40%-50% per annum, higher than overall Total Transport growth (Page 17).
Overall company volume growth currently at ~20%, expected to moderate to 10%-12% due to global recession (Page 17).
Full Container Load (FCL) business growth targeted, especially in niche markets like Africa and CIS-Russia sectors (Page 15, 17).
One World Logistics last mile delivery targets 1.75 lakh shipments/day by March FY23, aiming 5 lakh shipments/day by FY25-FY26 with revenue growth (Page 12, 13).
Expansion in last mile delivery through customers like Flipkart, Jio, Nykaa, Ikea, driving growth in Tier 3/4 cities (Page 13).
R.N. Freight Forwarders subsidiary is small and tactical; no major growth expected from this (Page 17).
Consolidated revenue target for Abhilaya is about ₹300 crores by 2026 with break-even expected then (Page 10, 18).
Overall company growth expected around 10% year-on-year going forward (Page 6, 17).

Margin guidance

Category 3

Total Transport Systems Ltd targets a top line of approximately ₹300 crores by 2026 with break-even or modest profits for subsidiaries like Abhilaya.
Abhilaya is expected to break even about 3 years down the line, contributing marginally to consolidated EBITDA, which is currently maintained around 3.3% standalone.
Overall EBITDA margins are expected to sustain around current levels (~3%), with limited scope for significant improvement due to global recession impacting core LCL business volumes.
One World Logistics, the last-mile delivery arm, shows phenomenal growth potential with targets to handle up to 5 lakh shipments per day by FY25-26, aiming for ₹120 crore revenue by FY24.
Total company growth forecast anticipates 10-12% volume growth going forward, lower than the current 20%+ growth due to global freight rate softening and recessionary pressures.
EPS grew to ₹3.59 for H1 FY23; future EPS growth will depend on volume increases and cost control amid recession challenges.

See what Total Transport Systems Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

- As per the transcript (Page 13), the company mentioned that the recent funds raised are sufficient for current developments, such as expanding stations for Flipkart's last mile delivery. - Future capital requirements will be planned accordingly when needed, implying no immediate plans for new fundraising but keeping options open. - There is no explicit mention of any ongoing or planned new fundraising through either debt or equity at this time. - The company will evaluate and plan for fundraising in the future based on business requirements. In summary, Total Transport Systems Limited currently has adequate funding for its near-term plans and will consider future fundraising as and when needed.

Order book

The transcript does not explicitly mention current or expected orderbook or pending orders for Total Transport Systems Limited. However, related insights include: - The company is actively growing its last mile delivery business (One World Logistics) with shipment targets increasing from 30,000 shipments/month to an expected 1.5 lakh shipments/day by March FY23, aiming for 5 lakh shipments/day by FY25-26. - The business with key clients like Amazon and Flipkart is expanding, with Flipkart allotting 70+ new stations recently and plans for 70+ more in future. - Subsidiary Abhilaya is expected to break even in around 3 years with ~300 crore top line expected by 2026. - Growth in full container load (FCL) shipments and expansion into niche markets like Africa and CIS regions. - New acquisition of R.N. Freight Forwarders mainly for tactical reasons but limited growth intention. No detailed quantitative orderbook or pending order figures are disclosed in the available text.

See what Total Transport Systems Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Total Transport Systems Limited has undertaken capital investment in acquiring 50 electric scooters (EVs) from Bound in Bangalore for their last mile delivery business under Abhilaya, deployed gradually in Bangalore, Mumbai, and Ahmedabad markets to support the government’s green initiative and reduce carbon footprint.
They acquired a 60% stake in R.N. Freight Forwarders Private Limited to offer end-to-end services to exporters and importers, enhancing logistics capabilities.
They recently raised funds to set up 70 stations for Flipkart’s last mile delivery, with plans for further expansion and adding 70+ more stations from Flipkart in the future, aiming to increase shipment capacity significantly by FY24-FY26.
The company plans to continue opening new stations (16 new stations opened in June), with stabilization and break-even expected around six months after opening each station; break-even overall for Abhilaya targeted by 2026 with top-line target of ₹300 crore.
Future capex will be planned as per growth requirements.

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Total Transport Systems Ltd Q2 FY23 Earnings Call Analysis

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