During Monday’s trading session, the price of a logistics company specializing in Transportation activities surged up to 5% after securing multiple orders across sector. With a market capitalization of Rs. 708.78 crores on Monday, the shares of Ritco Logistics Ltd are trading at Rs. 257.85, up by close to 5 percent from its previous closing price of Rs. 250.25.
What’s the News
Ritco Logistics Ltd. Continues Its Winning Streak with Prestigious Contracts across Transportation, Warehousing, and Multimodal Sectors, the company has positioned itself as a trusted partner for some of the country’s top industrial giants. Like JSW Steel, Tata Steel Mangalore Refinery and Petrochemicals, etc, demonstrating its commitment to efficiency, reliability, and excellence, Ritco has secured multiple high-value contracts across key verticals. The order details for the month are
Transportation vertical:
- Tata Steel Contract – Ritco has strengthened its long-term partnership with Tata Steel through a new multi-year logistics contract
- AMNS Contract – Further enhancing its presence in the steel logistics sector, Ritco has secured a new transportation contract from ArcelorMittal Nippon Steel (AMNS)
- JSW Steel Contract – A major addition to Ritco’s industrial logistics portfolio, JSW Steel has awarded a one-year transportation contract
- Ritco continues to expand its presence across diverse industries through multiple new contracts. Esteemed clients such as Mother Dairy, Virchow Laboratories, Epack Petrochem, Sunflag Iron and Steel, Maruti Steel, JK Tyre, Anna A-One Alloy, and Chettinad have partnered with Ritco for their logistics needs.
3PL & Warehousing:
- Mangalore Refinery and Petrochemicals Limited Contract – Expanding its 3PL and warehousing capabilities, Ritco has secured a two-year contract with MRPL
- Indian Synthetic Rubber Private Limited Contract – Ritco has secured a three-year contract with ISRPL for 3PL and warehousing services.
Rail & Multimodal expansion:
- Building on the successful execution of cargo movement for a biomass company in Uttar Pradesh, in collaboration with Indian Railways, Ritco is now expanding similar multimodal logistics solutions to four additional states: Haryana, Maharashtra, Gujarat, and Rajasthan
- Ritco has successfully carried out rake movement of organic manure from Kakinada to Ongole, Andhra Pradesh.
- Its revenue from operations has surged by 30.89 percent from Rs. 240.23 Crores in Q3FY24 to Rs. 314.43 Crores in Q3 of FY25, whereas the net profits of the company increased by 24.43 percent from Rs. 8.72 crores in Q3 of FY2024 to Rs. 10.85 Crores in Q3 of FY2025.
- Ritco Logistics Ltd is engaged in Transportation activities, the company and is a third-party logistics (3PL) service provider that provides logistics services including transportation of cargo and warehousing services. It has a presence in 300+ locations with 50 branches. It has a fleet size of approximately. 296 vehicles as of September 30, 2023, and 3 lakh sq/ft. of warehousing area across 6 states in the country (on lease). The company has a fleet of 1600+ trucks from the market and also hires from the spot market if required.
Written by Likesh Babu S
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