---
title: "Globe International Carriers Ltd (GICL) — Share Price, Financials & Analysis"
symbol: "GICL"
company: "Globe International Carriers Ltd"
canonical: "https://tapetide.com/stocks/GICL"
isin: "INE947T01022"
nse_symbol: "GICL"
sector: "Logistics & Cargo"
industry: "Logistics Solution Provider"
market_cap_cr: 271.94
generated_at: "2026-09-13T19:20:27.911Z"
---

# Globe International Carriers Ltd (GICL)

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

## Company

- **NSE Symbol:** GICL
- **ISIN:** INE947T01022
- **Sector:** Logistics & Cargo
- **Industry:** Logistics Solution Provider
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2016-10-19
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** gicpl.in

## About

Incorporated in 2010, Globe International 
 Carriers Ltd. is an end-to-end transportation 
 and logistic service provider[1]

## Latest Price

- **Price:** ₹24.74
- **Change:** +0.41 (+1.69%)
- **Open:** ₹25.4
- **Day High:** ₹25.4
- **Day Low:** ₹23.78
- **Previous Close:** ₹24.33
- **Volume:** 107323
- **As Of:** 2026-09-11T09:59:53+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:06.769583Z.

- **Market Cap:** ₹271.94 Cr
- **Classification:** Microcap
- **P/E (reported):** 23.2
- **P/E (TTM):** 27.8
- **EPS (TTM):** ₹0.89
- **Book Value:** ₹8.76
- **Price to Book:** 2.78
- **Dividend Yield:** 1.03%
- **ROE:** 8.16%
- **ROCE:** 14.41%
- **Debt to Equity:** 0.49
- **Revenue (yearly):** ₹174.93 Cr
- **Net Income:** ₹13.23 Cr
- **EBITDA:** ₹19.44 Cr
- **52-Week High:** ₹179
- **52-Week Low:** ₹15.61

## Tapetide Score

- **Score:** 39 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 12 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 44.61 | 9% |
| growth | 52.53 | 9% |
| momentum | 8.47 | 12% |
| ownership | 52.59 | 24% |
| quality | 59.06 | 22% |
| valuation | 34.08 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 60.5% CAGR over last 5 years

### Weaknesses

- Stock is trading at 2.82 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.75% over last 3 years.
- Promoter holding has decreased over last 3 years: -6.83%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 188.12% | — | — |
| ebitda margin growth | -5% | 85.81% | 122.67% | 195.7% |
| net income growth | 6.67% | 175.63% | 72% | 61% |
| revenue growth | -33.16% | 11.56% | 15% | 17% |
| roce | -7.03% | 50.73% | -7.27% | 12.4% |
| roe | 5.19% | 72.52% | 6.57% | 126.04% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 30.73 | 39.49 | 38.31 | 48.11 | 35.4 | 37.57 | 47.31 | 54.65 | 37.18 |
| Expenses | 29.15 | 38.18 | 35.61 | 44.63 | 32.24 | 34.02 | 37.14 | 52.09 | 33.68 |
| Operating Profit | 1.58 | 1.31 | 2.7 | 3.48 | 3.16 | 3.55 | 10.17 | 2.56 | 3.5 |
| OPM % | 5.14 | 3.32 | 7.05 | 7.23 | 8.93 | 9.45 | 21.5 | 4.68 | 9.41 |
| Other Income | 0.15 | 0 | 0.01 | 0.01 | 0.13 | -0.01 | 0.19 | 1.41 | 0.27 |
| Interest | 0.44 | 0.61 | 0.54 | 0.69 | 1.22 | 1.14 | 1.18 | 1.22 | 1.11 |
| Depreciation | 0.1 | 0.1 | 0.1 | 0.1 | 0.09 | 0.09 | 0.08 | 0.13 | 0.2 |
| Profit before tax | 1.19 | 0.6 | 2.07 | 2.7 | 1.98 | 2.31 | 9.1 | 2.62 | 2.46 |
| Tax % | 25.21 | 25 | 26.09 | 21.85 | 26.77 | 25.97 | 23.96 | 41.6 | 34.15 |
| Net Profit | 0.89 | 0.45 | 1.53 | 2.11 | 1.45 | 1.71 | 6.92 | 1.53 | 1.62 |
| EPS in Rs | 0.09 | 0.05 | 0.15 | 0.21 | 0.16 | 0.16 | 0.39 | 0.17 | 0.17 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 115 | 116 | 88 | 80 | 108 | 114 | 114 | 157 | 175 | 177 |
| Expenses | 111 | 112 | 85 | 77 | 104 | 109 | 109 | 148 | 155 | 157 |
| Operating Profit | 4 | 4 | 3 | 3 | 4 | 5 | 6 | 9 | 19 | 20 |
| OPM % | 3.6 | 3.9 | 3.3 | 4.1 | 3.7 | 4.4 | 4.9 | 6 | 11 | 11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 1 | 1 | 2 | 3 | 3 | 7 | 16 | 16 |
| Tax % | 33 | 29 | 46 | 26 | 28 | 27 | 24 | 27 | 28 | — |
| Net Profit | 1 | 2 | 0 | 1 | 1 | 2 | 3 | 5 | 12 | 12 |
| EPS in Rs | 0.12 | 0.16 | 0.04 | 0.09 | 0.14 | 0.19 | 0.26 | 0.48 | 0.88 | 0.89 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 26 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 8 | 8 | 10 | 10 | 20 | 25 | 25 | 56 |
| Reserves | 14 | 16 | 16 | 15 | 16 | 8 | 29 | 34 | 42 |
| Borrowings | 20 | 21 | 20 | 18 | 20 | 20 | 20 | 25 | 48 |
| Other Liabilities | 5 | 5 | 4 | 5 | 17 | 12 | 8 | 11 | 57 |
| Total Liabilities | 46 | 50 | 48 | 48 | 64 | 60 | 83 | 95 | 203 |
| Fixed Assets | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 55 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Assets | 45 | 48 | 46 | 47 | 62 | 59 | 81 | 93 | 148 |
| Total Assets | 46 | 50 | 48 | 48 | 64 | 60 | 83 | 95 | 203 |

### Cash Flow

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | 7 | 0 | 0 | -1 | 1 | -11 | 10 | 17 |
| Cash from Investing Activity | -2 | -4 | 2 | -2 | 3 | 2 | -8 | -9 | 8 |
| Cash from Financing Activity | -2 | -1 | -2 | 1 | -1 | -4 | 20 | -2 | -23 |
| Net Cash Flow | 1 | 2 | 0 | 0 | 0 | -1 | 0 | 0 | 2 |
| Free Cash Flow | 4 | 6 | 0 | 0 | -1 | 1 | -12 | 10 | 14 |
| CFO/OP | 129 | 171 | 24 | 22 | -17 | 34 | -186 | 128 | 100 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 121 | 123 | 155 | 165 | 183 | 140 | 125 | 108 | 108 |
| Cash Conversion Cycle | 121 | 123 | 155 | 165 | 183 | 140 | 125 | 108 | 108 |
| Working Capital Days | 50 | 51 | 69 | 82 | 77 | 83 | 134 | 92 | 167 |
| ROCE % | — | 10 | 6 | 7 | 8 | 10 | 9 | 11 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.18% | 74.18% | 70.79% | 70.79% | 58.15% | 58.68% | 58.99% | 63.49% | 63.49% | 63.49% | 63.49% | 63.96% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.02% | 0.01% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 16.64% | 14.58% | 17.15% | 15.67% | 28.53% | 27.52% | 23.76% | 20.22% | 22.31% | 21.62% | 21.91% | 23.94% |
| Others | 9.18% | 11.24% | 12.06% | 13.54% | 13.31% | 13.8% | 17.25% | 16.29% | 14.2% | 14.89% | 14.58% | 12.09% |
| No. of Shareholders | 123 | 106 | 148 | 188 | 345 | 1232 | 1329 | 1405 | 1607 | 1895 | 2161 | 5812 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 4 / 7

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.26 | Buy |
| EMA (10) | 24.25 | Buy |
| SMA (20) | 23.98 | Buy |
| EMA (20) | 23.57 | Buy |
| SMA (50) | 20.47 | Buy |
| EMA (50) | 23.13 | Buy |
| SMA (100) | 26.44 | Sell |
| EMA (100) | 26.21 | Sell |
| SMA (200) | 35.4 | Sell |
| EMA (200) | 30.04 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 71.7 | Sell |
| MACD (12,26,9) | 0.94 | Sell |
| Stochastic (14,3,3) | 76.15 | Neutral |
| ADX (14) | 36.69 | Buy |
| Williams %R (14) | -24 | Neutral |
| ATR (14) | 1.15 | High Volatility |
| ROC (12) | 5.23 | Buy |
| Stoch RSI (14) | 64.57 | Neutral |
| UO (7,14,28) | 70.26 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Reply to Clarification- Financial results](https://nsearchives.nseindia.com/corporate/GICL_27082026135351_Financials_Q1__1__merged.pdf) |
| 2026-09-09 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GICL_09092026140152_Newspaper_Publication_AGM.pdf) |
| 2026-09-07 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/GICL_07092026130754_GICL_NOTICE_of_AGM.pdf) |
| 2026-09-04 | [Updates](https://nsearchives.nseindia.com/corporate/GICL_04092026145155_Financials_Q1__1_.pdf) |
| 2026-08-17 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GICL_17082026104803_Newspaper_Publication_Intimation.pdf) |
| 2026-07-10 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/GICL_10072026115349_Certificate_under_Regulation_74_5_.pdf) |
| 2026-07-02 | [Trading Window](https://nsearchives.nseindia.com/corporate/GICL_02072026104930_Trading_Window_Closure_Intimation.pdf) |
| 2026-06-26 | [Updates](https://nsearchives.nseindia.com/corporate/GICL_26062026161046_Investor_Presentation_Fy_2026.pdf) |
| 2026-06-23 | [Updates](https://nsearchives.nseindia.com/corporate/GICL_23062026111723_Outcome_of_BM_May_2026__1_.pdf) |
| 2026-06-12 | [Updates](https://nsearchives.nseindia.com/corporate/GICL_12062026114329_SAST_Disclosure_05-06.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 26 Aug - Exchange has sought clarification from Globe International Carriers Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … | [Clarification - Financial Results 26 Aug - Exchange has sought clarification from Globe International Carriers Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …](https://www.nseindia.com/get-quotes/equity?symbol=GICL) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICL_14082026183947_CFS_PDF_merged.pdf) |
| 2026-05-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICL_29052026170807_Outcome_of_BM_May_2026.pdf) |
| 2026-02-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GICL_14022026150400_140225OUTCOME.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_31682_GICL_2025_2026_A_24251432_07092026152743.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27863_GICL_2024_2025_A_3105952_29082025140811.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25189_GICL_2023_2024_27082024182652.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23842_GICL_2022_2023_08092023161509_09082023170010.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21602_GICL_2021_2022_07092022163313_09072022170032.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19651_GICL_2020_2021_07092021191101_09072021200011.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17770_GICL_2019_2020_21102020172831_05112020130638.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15750_GICL_2018_2019_04092019180702_04092019190005.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14070_GICL_2017_2018_04102018184742.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_11334_GICL_2016_2017_08092017162250.zip) |

---

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 2026-09-13T19:20:27.911Z.