Ritco Logistics Secures New Contracts Worth ₹104 Cr in February 2026

Synopsis: With a diversified presence across steel,FMCG, chemicals, building materials and industrial goods segments, this entity has secured new transportation contracts during February 2026, reinforcing its position as one of India’s leading Full Truck Load Logistics providers.

The shares of one of the leading logistics services provider saw its in focus after the company declared several monthly business updates with the new work orders worth Rs. 104.18 Crore being received in the month.

With a market capitalization of Rs. 592 Crores the shares of Ritco Logistics Ltd closed at Rs. 185 per equity share, down 4 percent from its previous day’s close price of Rs. 192. It trading at a P/E of 12.5 against industry P/E of 22.9.

New work update

The company, which specialises in Full Truck Load (FTL) transportation and integrated logistics services, demonstrated broad momentum and continued its strong start to CY 2026 by securing new work orders worth ~ Rs. 104.18 crores in February.  

Monthly Order Book Update

The headline for February was Steel & Metal orders worth approximately Rs. 97 crore with Jindal Stainless giving the largest single contract (Rs. 84 crore). Complementing this, Aarti Steels awarded a 1-year contract for North and South India movements worth approximately Rs. 13 crore, while Tata Metaliks and Jindal Stainless awarded short and medium-term engagements for Eastern India and Odisha-based movements respectively.

Additionally, the company secured contracts worth over Rs. 7 crore from clients spanning other sectors. Key projects included a 14-month contract with Kansai Nerolac Paints for multi-destination dispatches, a 1-year pan-India movement contract with Frigo Glass India, a 6-month engagement with Prism Johnson, and a short-term contract with RenewSys India supporting renewable energy logistics.

The February order book consists of a blend of long-term annuity-based contracts spanning 1 to 3 years. Multi-sector diversification across steel, FMCG, chemicals, and building materials further reduces revenue concentration risk, a key strength for the company as it scales.

Technology & Digital Initiatives

Ritco’s subsidiary platform TrucksUp posted notable growth metrics in February. FASTag transactions recorded a MoM growth of approximately 52%, with FASTag GMV surpassing Rs. 15 crore for the month. The platform has expanded to serve 17,000+ pin codes nationally and now counts over 6,000 customers who have created digital fuel cards. Strategic fuel partnerships with IOCL, HPCL, Jio BP, and Nayara Energy have further strengthened the fuel acceptance network. 

On the Load Board, the Add Load feature grew approximately 23% MoM while Find Load grew approximately 32%, reflecting improving traction on both supply and demand sides of the platform.

Business Overview

Ritco Logistics Limited, incorporated in 2001, is one of India’s established Full Truck Load transportation and integrated logistics companies, serving India’s core manufacturing sectors including steel, metals, FMCG, chemicals, and building materials. The company is listed on both NSE and BSE and operates out of its corporate headquarters in Gurugram, Haryana.

Its revenue from operations grew by 26 percent from Rs. 312.96 Crores in Q3FY25 to Rs. 392.64 Crores in Q3FY26, accompanied by profits of Rs. 10.16 Crores to Rs. 9.63 Crores.

 -Kritish Upadhyay

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