Pooja LogisticsIPO Review — Financials, Valuation & Peers
A data-only look at the Pooja Logistics IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 125.14 | 5.73 | 19.13 | 14.83 | 59.78 | 31.03 | — |
| FY 2025 | 150.49 | 11.02 | 23.09 | 25.85 | 70.06 | 29 | 11.82 |
| FY 2026 | 167.77 | 12.34 | 27.3 | 42.31 | 98.13 | 39.21 | — |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 9.73x
- P/E (post-issue)
- 13.31x
- RoNW
- 54.2%
- RoCE
- 34.47%
- Debt / Equity
- 1.12
- EPS (pre-issue)
- ₹11.82
- EPS (post-issue)
- ₹8.64
- EBITDA Margin
- 15.52%
- PAT Margin
- 7.41%
- P/BV
- 4.45x
- NAV / share
- ₹25.85
- Market Cap
- ₹164.27 Cr
As of 31 Mar 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Pooja Logistics | 12 | 41.14 | 10.89x | 54.2% | 2.8x | Consolidated |
| Avg Logistics Ltd. | 17.38 | 180.09 | 11.93x | — | — | — |
| Premier Roadlines Ltd. | 6.02 | 45 | 6.94x | — | — | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: <p>Deepak Khanna, Anu Khanna</p>
- Holding (pre-issue)
- 93.68%
- Holding (post-issue)
- 68.45%
- Dilution
- 25.23%
Analysis in brief
Anchor book
8 anchor investors participated in the Pooja Logistics IPO ahead of the public offer, together allocated ₹12.22 crore. Anchor investors are institutions allotted shares at the issue price a day before bidding opens, in exchange for a mandatory post-listing lock-in — their names and cheque sizes are disclosed, which is why the anchor book is read as an institutional signal. The largest allocations went to AARTH AIF GROWTH FUND (₹3.12 crore), LONGTHRIVE CAPITAL VCC-TRENDVIEW CAPITAL FUND (₹2 crore) and KINGSMAN WEALTH FUND PCC-KIF II (₹1.56 crore). Investor categories represented include Other. The lock-in on half the anchor shares ends on 28 Oct 2026, with the remainder locked until 27 Dec 2026.
Margin and return profile
The offer document gives a read on the operating engine behind the issue. Pooja Logistics operates at an EBITDA margin of 15.52% and a net (PAT) margin of 7.41% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 34.47%. At the upper band, the post-issue market capitalisation works out to about ₹164.27 crore. These are offer-document figures for the latest reported period (as of 31 Mar 2025); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward purchase of vehicles (₹33.97 crore), alongside public issue expenses (₹5.56 crore). In all, 3 objects are disclosed.
Financials
In FY2026, Pooja Logistics reported revenue of ₹167.77 crore and a net profit of ₹12.34 crore. Revenue grew from ₹125.14 crore in FY2024 to ₹167.77 crore in FY2026 (+34.0%). Net worth stood at ₹42.31 crore at the end of FY2026.
Valuation
At the upper band, the issue is priced at 13.31× post-issue earnings and 4.45× book value, against a return on net worth of 54.2% and a debt-to-equity ratio of 1.12. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Avg Logistics Ltd. and Premier Roadlines Ltd., with a median peer P/E of about 9.4×. The issue's own post-issue P/E works out to 13.31×.
Promoters
The promoters of the company are <p>Deepak Khanna, Anu Khanna</p>. Promoter holding stands at 93.68% before the issue and comes down to 68.45% after listing.
Frequently asked questions
- What is the reservation split in the Pooja Logistics IPO?
- Of the total shares offered, retail investors get 34.54%, QIBs 19.57% (plus 29.11% anchor), non-institutional investors 14.8%.
- Who are the promoters of Pooja Logistics and what is their holding?
- The promoters are <p>Deepak Khanna, Anu Khanna</p>. Promoter holding is 93.68% before the issue and 68.45% after listing.
- What is the P/E ratio of the Pooja Logistics IPO?
- At the upper price band, the Pooja Logistics IPO is valued at 9.73× pre-issue earnings and 13.31× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Pooja Logistics IPO?
- The net proceeds go primarily toward purchase of vehicles, among 3 disclosed objects.