Snowman Logistics Ltd (SNOWMAN) AI Stock Analysis

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Snowman Logistics Ltd

(NSE:SNOWMAN)

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Rating:53Neutral

Price Target:INR 35.00▲(2.49% Upside)

Action:reiterated

Date:11/12/26

The score is primarily constrained by sharply weakening profitability, margin compression, and very low ROE. Recovered cash flow and manageable leverage provide support, but weak technical momentum and an elevated P/E ratio further limit the stock's attractiveness.

Positive Factors

Revenue ScaleRevenue expansion from approximately 2.37B to 6.04B over five years shows that Snowman has materially increased its business scale. A larger operating base can support broader customer service capacity and improve the company’s ability to spread infrastructure and logistics costs over time.

Negative Factors

Margin CompressionThe sharp decline in gross and net margins shows that recent revenue growth is producing substantially less profit per rupee of sales. Persistently weaker margins would reduce the earnings benefit of scale, constrain reinvestment capacity, and leave results more sensitive to operating cost pressures.

Snowman Logistics Ltd (SNOWMAN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 5.77B
Dividend Yield: 1.46%
Average Volume (3M): 50.90K
Price to Earnings (P/E): 62.3
Beta (1Y): 1.55
Revenue Growth: 6.82%
EPS Growth: 214.49%
Country: India
Employees: 532
Sector: General
Sector Strength: 55
Industry: Integrated Freight & Logistics

Snowman Logistics Ltd Business Overview & Revenue Model

Company Description

Based in Bengaluru, India, and established in 1993, Snowman Logistics Limited is a prominent provider of temperature-controlled logistical solutions across the nation. Operating through three key divisions—Warehousing, Transportation, and Consignment...

How the Company Makes Money

Snowman Logistics Ltd makes money primarily by charging customers for cold chain logistics services. Key revenue streams generally include: (1) temperature-controlled warehousing fees, where customers pay for storage space (often based on pallet posi...

Snowman Logistics Ltd Financial Statement Overview

Summary

Mixed financial performance: revenue grew, operating cash flow and free cash flow recovered, and leverage is manageable. However, net income fell 42%, margins compressed substantially, and ROE declined to 0.82%.

Income Statement

42Neutral

Balance Sheet

58Neutral

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	6.19B	6.04B	5.53B	5.03B	4.18B	2.86B
Gross Profit	1.46B	864.90M	819.45M	1.03B	956.78M	573.20M
EBITDA	791.86M	917.87M	935.26M	1.08B	960.68M	737.91M
Net Income	53.06M	33.03M	56.91M	127.08M	133.95M	16.76M
Balance Sheet
Total Assets	0	7.79B	7.71B	7.46B	7.25B	7.28B
Cash, Cash Equivalents and Short-Term Investments	142.41M	142.41M	58.95M	432.59M	474.56M	322.90M
Total Debt	0	3.12B	3.07B	2.78B	2.58B	2.65B
Total Liabilities	-4.02B	3.77B	3.64B	3.28B	3.03B	3.06B
Stockholders Equity	4.02B	4.02B	4.07B	4.18B	4.22B	4.22B
Cash Flow
Free Cash Flow	230.97M	602.48M	-303.78M	515.59M	687.30M	-339.18M
Operating Cash Flow	444.86M	892.83M	573.49M	878.18M	864.60M	688.74M
Investing Cash Flow	-213.83M	-279.32M	-519.12M	-237.86M	-418.75M	-994.22M
Financing Cash Flow	-244.27M	-532.94M	-87.64M	-586.71M	-580.15M	166.74M

Snowman Logistics Ltd Technical Analysis

Technical Analysis SentimentNeutral

Last Price34.15

Price Trends

50DMA34.82Negative

100DMA36.27Negative

200DMA37.42Negative

Market Momentum

MACD-0.26Negative

RSI49.58Neutral

STOCH41.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SNOWMAN, the sentiment is Neutral. The current price of 34.15 is above the 20-day moving average (MA) of 33.99, below the 50-day MA of 34.82, and below the 200-day MA of 37.42, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 49.58 is Neutral, neither overbought nor oversold. The STOCH value of 41.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SNOWMAN.

Snowman Logistics Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SNOWMAN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GATEWAY	76Outperform	INR 23.85B	10.31	―	6.68%	8.19%	-39.61%
IN:MAHLOG	65Neutral	INR 42.87B	56.80	―	0.58%	20.30%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TVSSCS	53Neutral	INR 52.86B	82.38	―	―	16.89%	28.73%
IN:SNOWMAN	53Neutral	INR 5.71B	62.31	―	1.46%	6.82%	214.49%
IN:ALLCARGO	51Neutral	INR 14.77B	29.89	―	―	-82.83%	―
IN:SICALLOG	51Neutral	INR 6.22B	7.43	―	―	51.67%	―

* General Sector Average

Performance Comparison

IN:SNOWMAN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SNOWMAN	Snowman Logistics Ltd	34.15	-12.76	-27.20%
IN:ALLCARGO	Allcargo Logistics Limited	10.08	-3.01	-22.99%
IN:GATEWAY	Gateway Distriparks Limited	48.67	-8.72	-15.19%
IN:MAHLOG	Mahindra Logistics Ltd.	430.55	91.29	26.91%
IN:SICALLOG	Sical Logistics Limited.	77.92	0.35	0.45%
IN:TVSSCS	TVS Supply Chain Solutions Ltd.	120.40	-2.05	-1.67%

Snowman Logistics Ltd Corporate Events

Snowman Logistics Faces Rs 2.06 Crore Tax Penalty, Plans Appeal

Oct 2, 2026

Snowman Logistics Limited has disclosed that it received a demand notice from the Income Tax Department, issued by the Additional Commissioner of Income Tax, Central Circle 2(1), Mumbai, for Assessment Year 2024-25. The notice, delivered by email on...

Snowman Logistics Closes Trading Window Ahead of Q2 Results

Sep 28, 2026

Snowman Logistics Ltd, a listed cold-chain logistics provider, has announced the closure of its trading window for designated and connected persons and their immediate relatives from October 1, 2026. The restriction will remain in place until 48 hour...

Snowman Logistics Sets Fully Virtual 33rd AGM with Expanded E-Voting Access

Sep 1, 2026

Snowman Logistics Ltd has announced that its 33rd Annual General Meeting for financial year 2025-26 will be held on September 25, 2026 at noon via video conferencing or other audio-visual means, with no physical venue for shareholders. The company wi...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 12, 2026

Snowman Logistics Ltd AI Stock Analysis