Ritco Logistics Limited
RITCO.BO
Bombay Stock Exchange256.25
INR
-12.15
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Ritco Logistics Limited
RITCO.BO
(Bombay Stock Exchange)
Recent
price
256.25
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ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Ritco Logistics Limited operates as a comprehensive logistics service provider in India, specializing in contract logistics, fleet management, warehousing, and transportation services. The company offers a diverse range of products and services including warehouse management systems; business-to-business logistics management; full truckload (FTL) and less than truckload (LTL) transportation; specialized storage facilities; end-to-end warehousing and distribution services involving assembly, kitting, sorting, tagging, labeling, packaging, bundling, and shrink wrapping; parcel transportation; and tech-enabled third-party logistics (3PL) solutions across various industries such as petrochemicals, petroleum, steel, coal, cement, textiles, solar energy, healthcare, pharmaceuticals, FMCG, consumer durables, IT, telecom, food grains, supplements, automotive, and e-commerce. The company operates pan-India with a network of approximately 36 branches and 7 warehouses, supported by an in-house fleet of around 255 trucks alongside 1,000–1,200 attached vehicles, serving 14 states. Founded in 2001 and headquartered in Gurugram, India, Ritco Logistics has recently expanded its geographic footprint into southern and eastern India to capture increased volumes from steel, coal, and cement sectors. The company has strategic plans to grow its TrucksUp technology platform to enhance multimodal logistics, aiming for higher-margin business contributions and elevated consolidated profit after tax by 2027. Recent operational highlights include onboarding multiple strategic clients in steel, coal, and cement industries and leveraging technology investments to improve infrastructure-based logistics solutions for greater efficiency and scalability. In 2024, Ritco Logistics successfully raised Rs1 billion in funding, aimed at scaling the business while maintaining an asset-light model. The company also altered its Memorandum of Association's object clause as part of broader strategic initiatives. Ritco’s strategic focus includes diversifying away from heavy reliance on petrochemical clients, increasing revenue share in steel and cement sectors, and entering rapidly growing multi-modal logistics spaces. Financially, the company reported a 37% year-over-year increase in net sales for the fiscal year ending March 2025, driven by increased demand and strategic contract executions. Ritco Logistics’ integrated service offerings position it as a key player in India’s logistics industry, servicing heavy cargo and dry goods transportation efficiently with a strong emphasis on technology-enabled logistics and customer-centric supply chain management solutions. These comprehensive logistics services enable Ritco to enhance supply chain visibility, cost optimization, and operational reliability across its markets in India.