Global Ocean Logistics IndiaShare price, financial results, shareholding and management
- Market cap
- ₹155 cr
- Stock P/E
- 15.2peers 12.1
- Book value
- ₹36
- Price to book
- 2.99
- EV / operating profit
- -
- Market cap to sales
- 0.75
- ROCE · FY26
- 39.0%
- ROE · FY26
- 29.3%
- ROE, 3-year average
- 40.4%
- Operating margin · FY26
- 5.2%peers 10.2%
- Sales growth, 3 years
- 3.2%
- Profit growth, 3 years
- 36.8%
- Debt to equity
- 0.00peers 0.79
- Borrowings
- ₹0 cr
- Interest cover
- 77.0×
- Cash from business / op. profit
- -101%
- Debtor days
- 57
- Pledged
- 0.00%
- Promoter holding
- 59.86%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 236
- 52-week high / low
- ₹173 / ₹79
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Global Ocean Logistics India share price chart
Close on 5 Nov 2026 · +4.47% on the day · Vol 1,600
Daily prices to 5 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 5 Nov 2026
- 1 month
- +3.4%
- 3 months
- -11.8%
- 6 months
- -5.4%
- Traded a day, 20 days
- ₹0.24 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +9% | +46% |
| 3 years, a year | +3% | +37% |
| Latest half, H2 FY26 | -0% | +43% |
About Global Ocean Logistics India: business, products and customers
Global Ocean Logistics India arranges the shipping of goods for Indian importers and exporters by sea, air and road, and handles customs clearance and port side work along the way. Its shares trade on BSE SME.
Global Ocean Logistics India is a Mumbai freight forwarder. It books cargo space by sea, air and road, clears goods through customs, and handles container freight station work and local port charges, working through ports such as Nhava Sheva, Mundra, Hazira and Chennai with marketing offices in Visakhapatnam, Jaipur, Pune and Tuticorin. Its customers are businesses in chemicals, textiles, machinery and other industries.
It owns almost none of the equipment that moves the cargo. Shipping lines, airlines, truckers, warehouses and overseas agents reached through the WCA and JCtrans networks do the carrying, and the company books and coordinates them, so most of what it bills is paid straight on to them and it keeps a thin slice. That is why its revenue moves with global freight rates as much as with the number of containers it handles, and why cash gets tied up in what customers owe before it is collected.
Read more about the business
Niraj Narsaria started the business in 2011 as the partnership firm Global Ocean Logistics, and it became this company in 2021. It listed on the BSE SME platform in December 2025, raising money mainly for working capital. It trades services with, and has lent to, companies and a firm linked to its directors, such as Global Ocean Clearing and Ocean Global Consol.
The offer document names Blue Water Logistics and Tiger Logistics as listed peers, which it describes as comparable in size and business model.
From the offer document (Red Herring Prospectus, December 2025) and the annual report for 2025-26.
Read the deeper study ↓In its favour
- It earns a high return on the money it uses: ROCE 39% in FY26.
- It has little debt for its size: debt to equity 0.00.
To watch
- Loans and advances to related parties, including the Chairman and Managing Director, the Whole-Time Director and Global Ocean Clearing, outstanding at March 2026 (annual report 2025-26, p.66 to p.68).
- Use of the IPO money for working capital, the main object named in the offer document (offer document, p.25; annual report 2025-26, p.41).
- Collection of customer dues, which rose faster than sales in FY26, and the appeal against the income tax demand for assessment year 2023 (annual report 2025-26, p.50; offer document, p.221).
- It paid no dividend in the past year.
- The business used more cash than it brought in last year: ₹11 cr went out in FY26.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Global Ocean Logistics India revenue and profit growth
Half-yearly results · Profit and lossSales have grown slowly. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew faster than sales.
Global Ocean Logistics India half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 101 | 107 | 100.57 |
| Expenses | 96 | 102 | 94.93 |
| Operating profit | 5 | 5 | 5.64 |
| OPM | 5.0% | 4.9% | 5.6% |
| Interest | 0 | 0 | 0.10 |
| Depreciation | 0 | 0 | 0.07 |
| Profit before tax | 5 | 6 | 7.61 |
| Net profit | 4 | 5 | 5.70 |
Global Ocean Logistics India profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 1 | 73 | 189 | 102 | 191 | 207.86 |
| Expenses | 1 | 72 | 186 | 99 | 182 | 197.01 |
| Operating profit | 0 | 1 | 3 | 3 | 9 | 10.85 |
| OPM | 0.0% | 1.4% | 1.5% | 2.9% | 4.5% | 5.2% |
| Other income | 0 | 1 | 2 | 1 | 1 | 3.16 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0.18 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.15 |
| Exceptional and other items | · | · | · | 1 | -1 | · |
| Profit before tax | 0 | 2 | 5 | 4 | 9 | 13.68 |
| Tax rate | · | 50.0% | 20.0% | 25.0% | 22.2% | 25.1% |
| Net profit | 0 | 1 | 4 | 3 | 7 | 10.24 |
| EPS ₹ | 0 | 1.19 | 3.95 | 2.71 | 6.47 | · |
| Dividend payout | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY25 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Earnings per share is left blank where the source shows zero against a profit.
Global Ocean Logistics India profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 0.0% | 1.4% | 1.5% | 2.9% | 4.5% | 5.2% |
| Tax rate | · | 50.0% | 20.0% | 25.0% | 22.2% | 25.1% |
| ROCE | · | 44.4% | 52.6% | 41.7% | 56.2% | 39.0% |
| ROE | · | 66.7% | 100.0% | 40.0% | 51.9% | 29.3% |
| Dividend payout | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Global Ocean Logistics India debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It has almost no borrowings. Last year the business used more cash than it brought in. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Global Ocean Logistics India balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 11 | 14 |
| Reserves | 0 | 1 | 5 | 8 | 7 | 38 |
| Net worth | 1 | 2 | 6 | 9 | 18 | 52 |
| Borrowings | 0 | 6 | 5 | 4 | 1 | 0 |
| Other liabilities | 1 | 25 | 7 | 11 | 16 | 15 |
| Total liabilities | 2 | 33 | 18 | 24 | 35 | 67 |
| Fixed assets | 0 | 0 | 0 | 1 | 1 | 1 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 2 | 33 | 18 | 23 | 34 | 66 |
Global Ocean Logistics India cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | · | -4 | 0 | 2 | -2 | -11 |
| Cash from investing | · | 5 | 0 | -1 | 0 | 0 |
| Cash from financing | · | 0 | 0 | 0 | 2 | 24 |
| Net cash flow | · | 1 | 0 | 1 | 0 | 13 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 377 | 106 | 16 | 43 | 44 | 57 |
| Cash conversion cycle | 377 | 106 | 16 | 43 | 44 | 57 |
| Working capital days | 614 | 29 | 8 | 18 | 27 | 63 |
Global Ocean Logistics India peers and competitors
Listed SME companies in the same industryBy sales, Global Ocean Logistics India is number 18 of the 50 listed SME companies in transport services.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Iware Supplychain Services | 395 | 26.2 | 258 | 15.1 | 11.3% | 1.26 |
| Committed Cargo Care | 373 | 28.7 | 239 | 13 | 7.0% | 0.06 |
| Neptune Logitek | 45 | 7.5 | 232 | 6 | 7.0% | 0.78 |
| Sampark India Logistics | 178 | 16.2 | 223 | 11 | 9.0% | 0.79 |
| Global Ocean Logistics India | 155 | 15.2 | 208 | 10.2 | 5.2% | 0.00 |
| Rapid Fleet Management Services | 151 | 12.1 | 204 | 12.5 | 13.2% | 0.21 |
| DRS Dilip Roadlines | 145 | 23.7 | 184 | 6.1 | 2.8% | 0.21 |
| Pooja Logistics | - | - | 163 | 12 | 17.0% | 0.93 |
| Deccan Transcon Leasing | 45 | 5.6 | 160 | 8.2 | 11.2% | 1.24 |
| Pranik Logistics | 44 | 6.3 | 160 | 7 | 9.4% | 0.96 |
| Shree OSFM E-Mobility | 79 | 10.4 | 153 | 7.6 | 10.9% | 0.16 |
| Median of the 10 others | 145 | 12.1 | 194 | 9.6 | 10.2% | 0.79 |
Global Ocean Logistics India shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Global Ocean Logistics India shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Dec 25 | Mar 26 | Jun 26 | Sep 26 | |
|---|---|---|---|---|
| Promoters | 59.86% | 59.86% | 59.86% | 59.86% |
| Foreign investors (FIIs) | 1.79% | 1.79% | - | - |
| Indian institutions (DIIs) | 2.67% | 0.93% | - | - |
| Number of shareholders | 264 | 240 | 213 | 236 |
Global Ocean Logistics India study: the business from its own documents
Read from 2 of the company's own documentsGlobal Ocean Logistics India so far
From the company's own record
- January 2021Company formed
- 30 Sept 2026Promoters at 59.86%
- 29 May 2026Highest close since listing, ₹165.00
Global Ocean Logistics India key facts from the filings
Each figure with the document it comes from
- Containers handled
- 29,094 TEUs
- Twenty-foot container units moved in FY25, up from 21,597 in FY24; 18,916 in the half year to September 2025.Offer document, p.123
- Ocean freight revenue
- ₹127.3 cr
- About three fifths of FY26 revenue; container freight station and local charges added ₹59.5 cr. Reported figures; our arithmetic.Annual report 2025-26, p.63
- Paid on to carriers and agents
- ₹186.6 cr
- FY26 cost of services, about nine tenths of revenue, which is why margins are thin. Reported figures; our arithmetic.Annual report 2025-26, p.51 and p.63
- Largest customer
- 18.82%
- Share of revenue in the half year to September 2025; the top ten took 48.55%.Offer document, p.34 and p.124
- Other income in FY26
- ₹3.2 cr
- Includes ₹2.4 cr of foreign shipment income and ₹0.7 cr of interest, mostly on IPO money; close to a quarter of profit before tax.Annual report 2025-26, p.42 and p.63
Show 4 more facts
- Customer dues
- ₹32.6 cr
- Trade receivables at March 2026, up from ₹23.0 cr a year earlier while revenue rose 9%.Annual report 2025-26, p.50
- Loans to related parties
- ₹4.1 cr
- Outstanding at March 2026, including ₹0.33 cr each to the Chairman and Managing Director and to the Whole-Time Director. Reported figures; our arithmetic.Annual report 2025-26, p.68
- IPO price
- ₹78 a share
- Listed on BSE SME on 24 December 2025; 38,99,200 new shares raised about ₹30.4 cr, with ₹5.7 cr of issue costs set against the premium. Our arithmetic.Annual report 2025-26, p.24, p.36, p.56 and p.57
- Income tax demand
- ₹1.6 cr
- Demand for assessment year 2023, which the company has appealed, as listed in the offer document.Offer document, p.221
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Global Ocean Logistics India books and coordinates freight for importers and exporters without owning ships, planes or trucks, and keeps a small margin on what it passes on.
Its weak spots are freight rates it cannot control, one large customer, and money tied up in customer dues and in loans to parties linked to its directors.
WatchCan it set its own prices?Hardly. Freight rates follow global shipping conditions, and the company keeps a thin slice after paying carriers and agents.
WatchHow strong is it against rivals?It is one of many forwarders in a crowded field, and it relies on agent networks rather than its own equipment.
AverageWho are its customers?It serves hundreds of businesses, but one customer brings in close to a fifth of revenue.
AverageDoes it need a lot of money?It needs almost no equipment, but customer dues and advances use up cash as it grows.
AverageCan it keep finding new work?Its customer count and container volumes have grown, though each shipment is booked one at a time and it states no order book.
WatchDo good and bad years swing a lot?Yes. Revenue rises and falls with freight rates, and one year fell by almost half after rates came down.
Who runs Global Ocean Logistics India?
Promoters, directors and officers; tap a name for the background
NNNiraj Nandkishor NarsariaPromoter, Chairman and Managing Director · holds 37.08%
Bachelor of Commerce from the University of Mumbai with over fifteen years in logistics; founded the partnership firm Global Ocean Logistics in 2011 and has been with the company since it was formed in 2021. The offer document lists Namita N Narsaria, a director, as spouse. Paid ₹0.60 cr in FY26; the company lent ₹0.59 cr to Niraj Narsaria during FY26, and ₹0.33 cr was outstanding at March 2026.
Offer document, p.123, p.152 and p.153; annual report 2025-26, p.56, p.66 and p.68AMAnand MehtaPromoter · holds 21.90%
The offer document records no formal education and work as proprietor of Mehta and Company, with no other directorships; not on the board. Named a promoter by the board on 23 May 2025 after Hetal Lohia, described as Anand Mehta's sister and a director until 29 March 2025, transferred a shareholding in the company to Anand Mehta.
Offer document, p.161 and p.162; annual report 2025-26, p.56 and p.66SBSatish Brijbhan SinghWhole-Time Director and Chief Financial Officer
Bachelor of Commerce from the University of Mumbai with over 14 years in logistics; earlier with the partnership firm Global Ocean Logistics. Chief Financial Officer from 22 April 2025 and Whole-Time Director from 28 April 2025. Paid ₹0.18 cr in FY26; a loan of ₹0.33 cr from the company was outstanding at March 2026.
Offer document, p.152; annual report 2025-26, p.20, p.66 and p.68NNNamita Niraj NarsariaNon-Executive Director
Bachelor of Commerce from the University of Mumbai with about 11 years in logistics; earlier with the partnership firm Global Ocean Logistics. Appointed on 22 April 2025.
Offer document, p.152; annual report 2025-26, p.20PDPratapkumar Dilipkumar SinhaIndependent Director, chair of the audit committee
About 15 years in the textile industry managing finance and compliance; a director of Spandan Vanijya Private Limited since 2010. Appointed in January 2025.
Offer document, p.152 and p.155VRVirendra RastogiIndependent Director
Bachelor of Science from the University of Delhi with about four years in business consulting; founder of Bizdom Consulting. Appointed in January 2025.
Offer document, p.152 and p.155Global Ocean Logistics India latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹101 cr (-0%), net profit ₹5.7 cr (+43%) on H2 FY25.
- Shareholding, 30 Sept 2026: promoters unchanged at 59.86%.
Global Ocean Logistics India announcements
5 on record, latest first; each opens the filing on the exchange
- Company UpdateCertificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the Quarter ended 30th September, 2026PDF ↗
- AGM/EGMEnclosed are the Voting Results and Scrutinizers Report for the 6th Annual General Meeting of the CompanyPDF ↗
- AGM/EGMSummary of Proceeding of the 6th Annual General Meeting held on Wednesday, September 30, 2026PDF ↗
- Insider Trading / SASTIntimation of closure of Trading WindowPDF ↗
- AGM/EGMNotice of 6th Annual General Meeting ("AGM") of Global Ocean Logistics India Limited to be held on Wednesday, September 30, 2026PDF ↗
Global Ocean Logistics India annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Global Ocean Logistics India share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Global Ocean Logistics India's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,44,42,691 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Global Ocean Logistics India
What does Global Ocean Logistics India do?
Global Ocean Logistics India arranges the shipping of goods for Indian importers and exporters by sea, air and road, and handles customs clearance and port side work along the way. Its shares trade on BSE SME.
What is the share price of Global Ocean Logistics India?
₹108 at the close on 5 Nov 2026, from the exchange's daily figures.
What is the market cap of Global Ocean Logistics India?
₹155 cr at the close on 5 Nov 2026, on 1,44,42,691 shares.
What is the P/E of Global Ocean Logistics India?
15.2 times FY26 profit at the close on 5 Nov 2026 (our arithmetic).
What are Global Ocean Logistics India's revenue and profit?
Revenue ₹208 cr and profit after tax ₹10 cr in FY26.
Who are the promoters of Global Ocean Logistics India?
Niraj Nandkishor Narsaria, Anand Mehta; promoters held 59.86% at 30 Sept 2026.
What is Global Ocean Logistics India's website?
www.globaloceanlogistics.in
More SME companies like Global Ocean Logistics India
Other listed SME companies in transport services, the closest in size first, each read from its own documents.
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- DRS Dilip RoadlinesDRSDILIP · NSE Emerge · Transport Services · listed 2018Market cap ₹137 cr
- Sadhav ShippingSADHAV · NSE Emerge · Transport Services · listed 2024Market cap ₹186 cr
- Destiny Logistics & InfraDESTINY · NSE Emerge · Transport Services · listed 2021Market cap ₹215 cr
- Jayesh LogisticsJAYESH · NSE Emerge · Transport Services · listed 2025Market cap ₹109 cr
Built from 1 offer document, 1 annual report, 5 exchange announcements, 4 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.