---
title: "DRS Cargo Movers Ltd (DRSCARGO) — Share Price, Financials & Analysis"
symbol: "DRSCARGO"
company: "DRS Cargo Movers Ltd"
canonical: "https://tapetide.com/stocks/DRSCARGO"
isin: "INE0QZM01018"
nse_symbol: "DRSCARGO"
sector: "Logistics & Cargo"
industry: "Logistics Solution Provider"
market_cap_cr: 16.42
generated_at: "2026-09-13T19:29:54.659Z"
---

# DRS Cargo Movers Ltd (DRSCARGO)

Canonical page: https://tapetide.com/stocks/DRSCARGO

## Company

- **NSE Symbol:** DRSCARGO
- **ISIN:** INE0QZM01018
- **Sector:** Logistics & Cargo
- **Industry:** Logistics Solution Provider
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** drscargomovers.com

## About

Incorporated in 1986, DRS Cargo Movers Ltd is engaged 
in the transportation of goods.[1]

## Latest Price

- **Price:** ₹21.8
- **Change:** +1 (+4.81%)
- **Open:** ₹21.8
- **Day High:** ₹21.8
- **Day Low:** ₹21.8
- **Previous Close:** ₹20.8
- **Volume:** 800
- **As Of:** 2026-07-13T20:02:21+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:51.476040Z.

- **Market Cap:** ₹16.42 Cr
- **Classification:** SME
- **P/E (reported):** 7.5
- **Book Value:** ₹34.59
- **Price to Book:** 0.63
- **Dividend Yield:** 0%
- **ROE:** 0.51%
- **ROCE:** 3.79%
- **Debt to Equity:** 1.05
- **Revenue (yearly):** ₹26.68 Cr
- **Net Income:** ₹2.37 Cr
- **EBITDA:** ₹7.4 Cr
- **52-Week High:** ₹55.4
- **52-Week Low:** ₹20.8
- **RSI (14):** 38.42

## Key Insights

### Strengths

- Stock is trading at 0.63 times its book value
- Debtor days have improved from 44.9 to 31.6 days.
- Promoter holding has increased by 1.84% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 0.07% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 48.35% | 34.98% | 53.94% |
| ebitda margin growth | 32.27% | 0.73% | 30.42% |
| net income growth | — | 73% | 30% |
| revenue growth | 10.25% | 17% | 26% |
| roce | -17.61% | 104.86% | 7.15% |
| roe | -104.87% | -4.2% | -103.83% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.75 | 8.8 | 11.2 | 12.59 | 11.25 | 13.31 | 13.36 |
| Expenses | 7.79 | 6.34 | 8.85 | 9.66 | 9.79 | 11.45 | 7.82 |
| Operating Profit | 1.96 | 2.46 | 2.35 | 2.93 | 1.46 | 1.86 | 5.54 |
| OPM % | 20.1 | 27.95 | 20.98 | 23.27 | 12.98 | 13.97 | 41.47 |
| Other Income | -0.59 | 0.24 | 0.25 | 0.34 | 0.06 | 0.11 | 1.59 |
| Interest | 0.73 | 1.13 | 1.18 | 0.59 | 0.67 | 1.18 | 0.89 |
| Depreciation | 1.29 | 1.47 | 1.48 | 1.65 | 1.71 | 2.27 | 2.39 |
| Profit before tax | -0.65 | 0.1 | -0.06 | 1.03 | -0.86 | -1.48 | 3.85 |
| Tax % | 12.31 | 1260 | 2133.33 | 25.24 | -25.58 | -25 | 14.29 |
| Net Profit | -0.73 | -1.16 | -1.33 | 0.77 | -0.65 | -1.11 | 3.3 |
| EPS in Rs | — | — | -1.77 | 1.02 | -0.86 | -1.47 | 4.38 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 3.08 | 8.52 | 11.64 | 16.62 | 20 | 23.84 | 26.68 |
| Expenses | 0 | 2.23 | 6.93 | 10.35 | 13.68 | 15.18 | 19.16 | 19.29 |
| Operating Profit | 0 | 0.85 | 1.59 | 1.29 | 2.94 | 4.82 | 4.68 | 7.39 |
| OPM % | — | 27.6 | 18.66 | 11.08 | 17.69 | 24.1 | 19.63 | 27.7 |
| Other Income | 0 | 0.39 | 0.96 | 1.3 | 0.31 | 0.49 | 0.1 | 1.7 |
| Interest | 0 | 0.81 | 0.78 | 1.37 | 1.41 | 2.31 | 1.26 | 2.06 |
| Depreciation | 0 | 1.09 | 1.04 | 1.07 | 2.38 | 2.95 | 3.36 | 4.66 |
| Profit before tax | 0 | -0.66 | 0.73 | 0.15 | -0.54 | 0.05 | 0.16 | 2.37 |
| Tax % | — | 0 | 17.81 | 20 | 27.78 | 5080 | 25 | 7.59 |
| Net Profit | 0 | -0.66 | 0.6 | 0.12 | -0.69 | -2.48 | 0.12 | 2.19 |
| EPS in Rs | — | — | — | — | — | -3.29 | 0.16 | 2.91 |
| Dividend Payout % | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | — | — | 1.18 | 1.18 | 7.53 | 7.53 | 7.53 | 7.53 |
| Reserves | — | — | -5.72 | -5.6 | 18.69 | 16.21 | 16.33 | 18.52 |
| Borrowings | — | — | 18.28 | 19.2 | 22.33 | 24.49 | 21 | 27.4 |
| Other Liabilities | — | — | 3.35 | 2.54 | 5.91 | 9.17 | 16.71 | 12.91 |
| Total Liabilities | — | — | 17.09 | 17.32 | 54.46 | 57.4 | 61.57 | 66.36 |
| Fixed Assets | — | — | 7.83 | 7.31 | 43.03 | 44.45 | 47.67 | 52.59 |
| CWIP | — | — | 0 | 0 | 0.23 | 0 | 0 | 0 |
| Investments | — | — | 0 | 0.05 | 0.64 | 1.24 | 2.74 | 4.08 |
| Other Assets | — | — | 9.26 | 9.96 | 10.56 | 11.71 | 11.16 | 9.69 |
| Total Assets | — | — | 17.09 | 17.32 | 54.46 | 57.4 | 61.57 | 66.36 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 5.84 | 1.99 | 6.66 | 6.06 | 8.99 | 2.75 |
| Cash from Investing Activity | — | — | 0.97 | -2.42 | -7.37 | -6.33 | -9.62 | -7.09 |
| Cash from Financing Activity | — | — | -6.15 | -0.45 | 1.21 | -0.15 | 0.57 | 4.34 |
| Net Cash Flow | — | — | 0.65 | -0.88 | 0.5 | -0.42 | -0.05 | 0 |
| Free Cash Flow | — | — | 9.46 | 1.44 | -0.12 | 1.69 | 1.22 | -4.71 |
| CFO/OP | — | — | 367 | 154 | 227 | 126 | 192 | 37 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 66.83 | 44.84 | 76.65 | 72.45 | 30.62 | 31.6 |
| Cash Conversion Cycle | — | — | 66.83 | 44.84 | 76.65 | 72.45 | 30.62 | 31.6 |
| Working Capital Days | — | — | 189.35 | 80.59 | 54.46 | 51.65 | -258.29 | 1.37 |
| ROCE % | — | — | — | 10.66 | 2.75 | 4.88 | 3.7 | 9.01 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 72.12% | 72.12% | 72.12% | 72.12% | 73.96% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 25.27% | 25.25% | 25.25% | 25.19% | 23.35% |
| Others | 2.61% | 2.63% | 2.63% | 2.7% | 2.69% |
| No. of Shareholders | 168 | 167 | 165 | 167 | 164 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 8 / 6

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 22.31 | Sell |
| EMA (10) | 23.2 | Sell |
| SMA (20) | 27.07 | Sell |
| EMA (20) | 27.05 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 26.91 | Buy |
| MACD (12,26,9) | -4.73 | Sell |
| Stochastic (14,3,3) | 5.13 | Buy |
| ADX (14) | 49.42 | Buy |
| Williams %R (14) | -84.62 | Buy |
| ATR (14) | 1.17 | High Volatility |
| ROC (12) | -15.99 | Sell |
| Stoch RSI (14) | 65.03 | Neutral |
| UO (7,14,28) | 28.89 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_07092026231343_NoticeDirectorsReport.pdf) |
| 2026-09-02 | [Change in Management](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_02092026162820_Outcome.pdf) |
| 2026-07-24 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_24072026202021_Reg74FINAL.pdf) |
| 2026-07-08 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_bbodade_03072026163540_DRSCARGO.pdf) |
| 2026-05-30 | [Structural Digital Database](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_30052026182701_SDDCERTIFICATEFINAL.pdf) |
| 2026-04-13 | [Reply to Clarification- Financial results](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_18022026183539_Financials.pdf) |
| 2026-04-11 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_11042026143216_Reg74_5_cargo.pdf) |
| 2026-03-26 | [Trading Window](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_26032026150337_CARGOTWC.pdf) |
| 2026-01-19 | [Clarification - Financial Results](https://nsearchives.nseindia.com/corporate/-) |
| 2026-01-17 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_17012026150137_REG74.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_02092026162551_Outcome.pdf) |
| 2026-05-30 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_30052026171253_Resultsfinal.pdf) |
| 2025-12-23 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_23122025153701_Outcome.pdf) |
| 2025-11-28 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_28112025100622_OUTCOMEBM.pdf) |
| 2025-11-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DRSCARGOMOVERS_14112025183928_Outcome.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 19 January 2026 - Exchange has sought clarification from DRS Cargo Movers Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … | [Clarification - Financial Results 19 January 2026 - Exchange has sought clarification from DRS Cargo Movers Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=DRSCARGO&tabIndex=sme) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31822_DRSCARGO_2025_2026_A_13208854_07092026231803.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28739_DRSCARGO_2024_2025_A_10896511_06092025130913.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26101_DRSCARGO_2023_2024_0609202423164.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:29:54.659Z.