Ritco Logistics Ltd – Company Report
1. Company Overview
Ritco Logistics Ltd, established in 1996 and headquartered in Gurugram, Haryana, is a prominent Indian integrated logistics service provider specializing in third-party logistics (3PL), freight transportation, warehousing, and multimodal supply chain solutions. The company operates a fleet of around 296 owned vehicles and manages an extensive network of approximately 50 branches and 8–9 fleet hubs, covering over 300 locations across India. Ritco focuses on delivering customized logistics services tailored to various industries, supported by modern technology and operational excellence.
Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), Ritco is ISO 9001:2000 certified and recognized for efficient freight management, warehousing, and bulk parcel transport services. The company has demonstrated strong revenue and profit growth over recent years, with a growing fleet, expanding customer base, and strategic investments in technology and fleet modernization.
Key Highlights
- Incorporated: 1996
- Headquarters: Gurugram, Haryana, India
- Legal Status: Public Limited Company, listed on BSE and NSE
- Core Focus: Third-party logistics, full truck load (FTL), warehousing, distribution, multimodal transport
- Fleet Size: Approx. 296 owned vehicles (as of Sep 2023)
- Network: 50 branches, 8–9 fleet hubs, operations in 300+ locations nationwide
- Warehousing: 3 lakh sq.ft. leased across six states
- Certifications: ISO 9001:2000
- Market Presence: Serving diversified industries with integrated logistics solutions
2. Products and Services
Freight Transportation:
- Full truckload (FTL) and less-than-truckload (LTL) services
- Bulk and parcel cargo logistics
- Multimodal transport using road, rail, and allied routes
- Spot market truck hiring and market fleet management
Warehousing and Distribution:
- Managed warehousing with ~3 lakh sq.ft. leased space
- Inventory management and last-mile delivery solutions
Third-Party Logistics (3PL):
- Comprehensive supply chain management—transportation, warehousing, and distribution
- Industry-specific customized logistics strategies
Fleet Management and Technology:
- Digital fleet monitoring, real-time tracking, route optimization
- Continuous vehicle modernization and investment in fleet hubs
Other Services:
- Parcel logistics
- Supply chain consulting and optimization
3. Recent News and Business Developments
- December 12, 2024: Secured a ₹120 crore contract from Haldia Petrochemicals Ltd.
- December 12, 2024: Awarded ₹115 crore, 3-year logistics contract by Mahadhan AgriTech (Deepak Fertilisers Group).
- December 12, 2024: Partnered with Procter & Gamble (P&G) for South Zone logistics operations.
- December 12, 2024: The company announced its partnership with Blue Star Ltd., a leading name in the FMCD industry, and has initiated logistics operations for its North Zone movement.
- December 12, 2024: Ritco also secured 3 major road transport contracts for 20,000 MT of coal in the South Zone from Sandur Manganese & Iron Ore Ltd. (SMIOL), India’s premier metal and mining enterprise, showcasing its heavy-load transport capabilities.
- March 24, 2025: Ritco Logistics Ltd has achieved a significant milestone by becoming the first company to facilitate the rail transportation of Fermented Organic Manure from Reliance Industries Ltd.’s BIO-Energy division plant at Mirzapur Road.
- June 4, 2025: Awarded ₹85 crore rate contract with Jindal Steel & Power Ltd for Transportation of steel from Angul, Odisha to PAN-India destinations.
- June 4, 2025: Secured a ₹36 crore contract with NTPC forFly ash transportation across Jharkhand, supporting NTPC’s sustainability goals.
- July 2, 2025: The company received a ₹30 crore Letter of Intent (LoI) from an infrastructure company for the transportation of 4 Lakh Metric tonnes of fly ash across Bihar.
- July 2, 2025: Secured a ₹60 crore contract from the Jindal Group for chrome ore logistics.
- July 2, 2025: Awarded ₹20 crore deal from RINL for PAN India steel transport.
- July 2, 2025: Secured a ₹15 crore transportation contract from Hindustan Zinc Ltd.
- July 2, 2025: Strategic tie-up with CONCOR (Container Corporation of India) to access 70 multimodal logistics hubs.
- November 12, 2025: Bagged a ₹60 crore pan-India transport deal from Haldia with a petrochemical major.
- November 12, 2025: Secured a ₹35 crore one-year FMCG logistics contract from Nestlé India.
- November 12, 2025: Awarded ₹12 crore two-year steel transport contract with Tata Metaliks.
- Expanded client base includes: Pepsi, RIL, IOCL, ITC, Apar Industries, BHEL, CEAT Tyres, VVF.
- Expanded logistics portfolio across coal, steel, polymer, plastics, and FMCG sectors.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue | ₹1,196 crore |
| Operating Margin | 8% |
| Net Profit (PAT) | ₹42.2 crore |
| Earnings Per Share (EPS) | ₹14.9 |
| Return on Equity (ROE) | 17% |
| Dividend | Nil (no payout declared) |