Incorporated in April 2012, Ashwini Container Movers Limited is a transportation provider specialising in cargo transport across India, primarily in Maharashtra and Gujarat.
The company serves B2B customers, transporting bulk goods within India, from client factories to ports and vice versa. They specialise in moving containerised goods between ports and factories for importers and exporters.
The company focuses on Full Container Load (FCL) transportation, offering reefer and dry containers.
It also handles Less Container Load (LCL) and Over Dimension Cargo (ODC). FCL assigns a truck to a single shipment, which is ideal for businesses that need secure delivery of large quantities.
As of September 30, 2025, the Company has 154 employee directors overseeing finance, operations, and vehicle driving.
The company is ISO 9001, 14001, and 45001 certified, along with GDP compliance for product distribution, CTPAT US compliance, and FSSAI
Competitive Strength
- Extensive Experience: 50+ years in commercial transportation.
- Robust Fleet: 250 + owned vehicles (reefer & dry containers)
- Advanced Technology: With Clay Soft and Elixia tracking, customers stay informed about the real-time status of vehicles and goods.
- Customized Solutions: Tailored logistics plans for varied client needs.
- Client-Centric Approach: Focus on long-term client relationships.
- Safety Commitment: Adherence to safety protocols and fleet maintenance.
- Diverse Clientele: Clientele of diverse industries
- Driver Training: Training given to drivers
Ashwini Container Movers Ltd.’s revenue increased by 21% and profit after tax (PAT) rose by 731% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|
| Assets | 121.21 | 101.46 | 78.31 | 66.11 |
| Total Income | 55.86 | 96.06 | 79.27 | 77.16 |
| Profit After Tax | 9.91 | 11.45 | 1.38 | 2.10 |
| EBITDA | 19.01 | 24.89 | 13.64 | 12.17 |
| NET Worth | 29.80 | 20.42 | 9.39 | 8.01 |
| Reserves and Surplus | 20.40 | 10.84 | 9.14 | 7.76 |
| Total Borrowing | 74.90 | 62.57 | 58.70 | 47.38 |
| Amount in ₹ Crore |
Key Performance Indicator (KPI)
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|
| ROE | 76.82% |
| ROCE | 25.39% |
| RoNW | 76.82% |
| EBITDA Margin | 26.44% |
| Price to Book Value | 6.95 |
| | Pre IPO | Post IPO |
|---|
| EPS Rs | 11.45 | 13.21 |
| P/E (x) | 12.4 | 10.75 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 that is available in RHP.
Objects of the Issue (Ashwini Container Movers IPO Objectives)
The Company Ashwini Container Movers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 42.50 |
| 2 | Funding capital expenditure requirement of the company towards purchase of trucks | 8.07 |
| 3 | General Corporate Purposes. | |