Allcargo Logistics Ltd. Receives Credit Ratings from CARE Ratings Limited
Allcargo Logistics Ltd. announced on March 23, 2026, that CARE Ratings Limited (the Credit Rating Agency) has assigned and reaffirmed ratings for the company’s bank facilities.CARE Ratings assigned a CARE A-; Stable rating to the company’s Long Term Bank Facilities amounting to ₹33 crore. The agency reaffirmed the rating for Long Term/Short Term Bank Facilities at CARE A-; Stable / CARE A2, with an enhancement from ₹255 crore to ₹260 crore.
According to CARE Ratings, the ratings reflect Allcargo’s strong pan-India presence and integrated logistics platform, supported by a wide network and diversified service offerings. The recent consolidation of express distribution and contract logistics is expected to improve operational efficiency. Ratings also consider strong promoter support and the group's presence across complementary logistics businesses.
CARE Ratings noted that the company’s total operating income stood at ₹1,961 crore in fiscal year 2025, and revenue increased by 6.63% to ₹1,544 crore in the first nine months of fiscal year 2026. The company’s overall gearing improved to 1.75x in fiscal year 2025.
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