Key Metrics of Transvolt Logistics Private Limited
About Transvolt Logistics Private Limited
Sectors
Company details
Operational Areas of Transvolt Logistics Private Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Jul 2026 | ICRA | Reaffirmed | BBB+ | — | Stable | ₹88.0 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Multiple contracts with reputed customers diversify counterparty risks
TLPL has been set up as a 100% subsidiary of Transvolt Mobility Private Limited (TMPL) to provide transportation services through e-trucks for private parties.
+ Long-term service contracts with customers and assured tonnage provide revenue visibility and mitigate demand risk
Given the nature of the agreements, TLPL is paid a fixed rate for a minimum assured quantity per month through e-trucks.
+ Financial flexibility by being part of the Transvolt Group, which has received commitment of long-term investments from IFC
TLPL benefits from the financial flexibility derived from its parent, Transvolt Mobility Private Limited (TMPL), and its strategic access to long-term capital from reputed external investors.
Credit challenges
− Recent entrant in the e-mobility space
Transvolt Group is a relatively recent entrant into the e-mobility space in India, having commenced operations in CY2023 and hence, its track record remains limited at present.
− Limited track record of operations of OEMs in e-truck segment
The project’s success relies on the OEM. TLPL has entered into back-to-back agreements with OEMs (IPL-Tech in case of the flagship Ultratech project) for the annual maintenance contract (AMC) as well as battery replacement for these e-trucks in all its projects.
− Exposure to operational risks
TLPL has fully deployed e-trucks for the Ultratech and Star Cement projects.
Could lead to an upgrade
ICRA could upgrade the rating, in case of a sustained traction in the company’s revenues and earnings, aided by incremental vehicle deployment under multiple projects, improvement in vehicle utilisation and stabilisation of the overall operation in line with the expected operating parameters, which may strengthen the
Could lead to a downgrade
Pressure on the rating could arise, in case the revenues and profitability from the projects undertaken remain significantly lower than expectations on a sustained basis due to delay in vehicle deployment or sub-par operational efficiency, including inadequate vehicle availability due to operational failure, etc. leading to pressure on the credit metrics.
Agency-reported financials (ICRA, 30 Jul 2026)
| Metric | FY2026 | Q1 FY2027 |
|---|---|---|
| Operating income (OI) | ₹21.70 Cr | ₹17.20 Cr |
| PAT | ₹-4.80 Cr | — |
| OPBDIT/OI | 12.0% | 42.7% |
| PAT/OI | -21.9% | — |
| Total outside liabilities/Tangible net worth (times) | 17.20× | — |
| Total debt/OPBDIT (times) | 50.20× | — |
| Interest coverage (times) | 2.10× | 3.30× |
| EBITDA (margin × income) | ₹2.60 Cr | ₹7.34 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹131 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹1.24 Cr | ₹2.22 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Term loan () | Term loans | ₹88.0 Cr | ₹88.0 Cr | 0.0% | — | Reaffirmed | ICRA |
Credit assessment · Services
Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 53% |
| Information on file | 56% · missing: Annual results history (3+ years), Debt obligations and repayment schedule, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 53% chance the next rating action is stable or better
- Current rating BBB+ (investment grade)
- Interest coverage 3.3×
Rated limits by facility
Timeline
From the report
The UCL project was commissioned within the envisaged cost of Rs. 110.72 crore.
From the report
The company also had free cash and bank balance of Rs. 3.9 crore as on March 31, 2026.
From the report
The company undertook multiple new projects across mining and port logistics segments (including contracts with Star Cement, Wonder Cement, Gateway Terminal India, and JM Bakshi) with total project cost of Rs. 118.6 crore of which 83% will be funded through debt (which is fully tied up) and bala nce through fund infusion of TMPL Key financial indicators (audited) : TLPL (standalone) FY2026* Q1 FY2027* Operating income (OI) 21.7 17.2 PAT -4.8 - OPBDIT/OI 12.0% 42.7% PAT/OI -21.9% - Total outside liabilities/Tangible net worth (times) 17.2 - Total debt/OPBDIT (times) 50.2 - Interest coverage (ti
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Transvolt Logistics Private Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 TATA PASSENGER ELECTRIC MOBILITY LIMITED |
Courier, Express & Freight · Logistics & Supply Chain | ev.tatamotors.com | — | Mumbai, Maharashtra, India |
 Allcargo Logistics |
Courier, Express & Freight · Logistics & Supply Chain | allcargologistics.com | — | Mumbai, India |
| Courier, Express & Freight · Logistics & Supply Chain | concorindia.co.in | — | New Delhi, India | |
 Mahindra Logistics |
Courier, Express & Freight · Logistics & Supply Chain | mahindralogistics.com | — | Mumbai, India |
 Blue Dart Express |
Outlets operated by Blue Dart Express. | bluedart.com | 1983 | Mumbai, India |
 Transport Corporation of India |
Courier, Express & Freight · Logistics & Supply Chain | tcil.com | — | Secunderabad, India |
| JITF INFRALOGISTICS LIMITED | Courier, Express & Freight · Logistics & Supply Chain | — | — | Chhattisgarh, India |
 VRL Logistics |
Courier, Express & Freight · Logistics & Supply Chain | vrlgroup.in | — | Hubli, India |
| MAHESHWARI LOGISTICS LIMITED | Courier, Express & Freight · Logistics & Supply Chain | — | — | Vapi, Gujarat, India |
| ACCURACY SHIPPING LIMITED | · Trading | — | — | Anjar, Gujarat, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.