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Smartshift Logistics Solutions
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SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED

www.porter.in

Active

Updated: 04 Nov 2024

The company provides mini truck services for intra-city pickups and deliveries in India. It also provides a platform for logistics support solutions.

Smartshift Logistics Solutions Private Limited, is an unlisted private company incorporated on 20 March, 2014. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 142.63 cr and the total paid-up capital is INR 118.59 cr.

Industry

Business Services

Products

event management supplies, e-commerce supplies, perishable supplies, construction supplies, relocation, and other logistic services.

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

55.78%

₹ 2,731.8

EBITDA

₹ -81.6

Net Profit

₹ -44.8

Networth

-7.27%

₹ 499.9

Borrowings

₹ -

Assets

-2.13%

₹ 572.1

Gross Margin

100.0 %

Operating Margin

7.55

-3.0 %

Net Profit Margin

7.21

-1.6 %

Return on Equity

20.31

-8.9 %

ROCE

13.51

-24.1 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (17)

State	Type	Address

Locations on Map

Tofler Score

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Risk

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VERY LOW INTEREST COVERAGE

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LOW ROCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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West Bengal

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Maharashtra

Wowtruck Technologies Private Limited

Tamil Nadu

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	273.9	322.2	847.7	1,753.6	2,731.8
Operating profit	-79.9	-65.0	-127.1	-184.8	-81.6
Net profit	-104.1	-138.8	-122.0	-157.7	-44.8
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	-29.2	-20.2	-15.0	-10.5	-3.0
Net margin	-37.8	-54.9	-14.2	-8.8	-1.6
Networth	70.8	73.9	693.1	539.1	499.9
Borrowings	-	-	-	-	-
Assets	106.1	95.7	740.0	584.5	572.1
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	0.7	4.5	9.7	12.1	6.8
ROE	-147.0	-188.0	-17.6	-29.3	-8.9
Days payable	-	-	-	-	-
WC days	-12.0	67.0	153.0	104.0	49.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	16.0	21.5	31.6	114.4	115.0
Reserves	54.8	52.4	661.5	424.8	385.0
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	8.3	9.7	25.1	28.9	37.6
Days payable	-	-	-	-	-
Other liabilities +	35.3	21.8	46.8	45.4	72.1
Other non-current liabilities	2.4	4.8	5.9	0.5	8.6
Other current liabilities	24.6	7.3	15.8	16.0	25.9
Total liabilities	106.1	95.7	740.0	584.5	572.1
Fixed Assets +	80.4	7.1	15.9	13.2	24.2
Tangible assets	4.7	6.3	14.3	12.0	23.0
CWIP	-	-	-	-	-
Intangible assets	75.7	0.8	1.7	1.1	1.1
LT loans and advances	0.1	0.1	-	-	-
Other non-current assets	1.3	12.3	326.6	27.4	115.1
Current assets +	24.3	76.1	397.4	544.0	432.8
Inventories	-	-	-	-	-
Trade receivables	5.2	0.7	3.0	3.5	0.8
Cash and cash equivalents	5.2	29.9	7.0	31.9	32.1
ST loans and advances	1.6	1.5	-	-	-
Other current assets	12.2	44.0	387.5	508.7	399.9
Total assets	106.1	95.7	740.0	584.5	572.1

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	15.08	22.46	4.27	19.56	20.1
Reserves	51.65	54.76	89.4	72.67	67.29
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	7.85	10.12	3.39	4.94	6.58
Other liabilities +	33.27	22.78	6.33	7.77	12.61
Other non-current liabilities	2.22	4.98	0.8	0.09	1.5
Other current liabilities	23.21	7.68	2.14	2.74	4.53
Total liabilities
Fixed Assets +	75.75	7.42	2.16	2.25	4.23
Tangible assets	4.45	6.57	1.93	2.06	4.03
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	71.3	0.86	0.22	0.19	0.2
LT loans and advances	0.12	0.12	0.0	0.0	0.0
Other non-current assets	1.26	12.86	44.14	4.68	20.12
Current assets +	22.87	79.6	53.7	93.07	75.65
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	4.92	0.73	0.4	0.59	0.14
Cash and cash equivalents	4.9	31.28	0.94	5.45	5.61
ST loans and advances	1.54	1.54	0.0	0.0	0.0
Other current assets	11.51	46.05	52.37	87.03	69.91
Total assets

	Mar 2023	Mar 2024
Equity Capital	114.4	115.0
Reserves	407.8	315.0
Borrowings +	-	-
Long term borrowings	-	-
Short term borrowings	-	-
Trade payables +	30.4	38.1
Days payable	-	-
Other liabilities +	47.4	73.8
Other non-current liabilities	0.7	9.5
Other current liabilities	16.3	26.3
Total liabilities	569.6	503.8
Fixed Assets +	13.6	25.7
Tangible assets	12.5	24.6
CWIP	-	-
Intangible assets	1.1	1.2
LT loans and advances	-	-
Other non-current assets	9.4	4.9
Current assets +	546.6	473.3
Inventories	-	-
Trade receivables	3.5	0.9
Cash and cash equivalents	37.8	69.9
ST loans and advances	-	-
Other current assets	505.3	402.5
Total assets	569.6	503.8

Percentage of assets	Mar 2023	Mar 2024
Equity Capital	20.08	22.82
Reserves	71.6	62.53
Borrowings +	0.0	0.0
Long term borrowings	0.0	0.0
Short term borrowings	0.0	0.0
Trade payables	5.33	7.55
Other liabilities +	8.32	14.65
Other non-current liabilities	0.12	1.89
Other current liabilities	2.87	5.22
Total liabilities
Fixed Assets +	2.39	5.1
Tangible assets	2.19	4.87
CWIP	0.0	0.0
Intangible assets	0.2	0.23
LT loans and advances	0.0	0.0
Other non-current assets	1.65	0.97
Current assets +	95.96	93.93
Inventories	0.0	0.0
Trade receivables	0.61	0.18
Cash and cash equivalents	6.64	13.87
ST loans and advances	0.0	0.0
Other current assets	88.71	79.88
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	273.9	322.2	847.7	1,753.6	2,731.8
Sales growth %	100.34	17.64	163.12	106.87	55.78
Expenses +	379.9	391.9	984.1	1,946.9	2,828.3
Cost of goods	-	-	-	-	-
Employee cost	47.8	48.8	106.0	185.9	226.7
Other costs	305.9	338.4	868.8	1,752.4	2,586.7
Operating profit +	-79.9	-65.0	-127.1	-184.8	-81.6
Operating margin %	-29.2	-20.2	-15.0	-10.5	-3.0
Other income	1.9	5.8	14.4	35.6	51.8
Interest	4.3	1.8	4.0	0.4	1.6
Depreciation	21.8	2.9	5.3	8.1	13.3
Exceptional items	-	-	-	-	-
Profit before tax	-104.1	-63.9	-122.0	-157.7	-44.8
Tax	-	-	-	-	-
Profit - disc. ops	-	-74.9	-	-	-
Net profit	-104.1	-138.8	-122.0	-157.7	-44.8
Net margin %	-37.8	-54.9	-14.2	-8.8	-1.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.3	98.24	98.33	98.01	98.14
Expenses +	137.75	119.49	114.15	108.82	101.61
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	17.35	14.87	12.3	10.39	8.15
Other costs	110.91	103.19	100.78	97.95	92.93
Operating profit	-28.95	-19.82	-14.75	-10.33	-2.93
Other income	0.7	1.76	1.67	1.99	1.86
Interest	1.57	0.53	0.46	0.02	0.06
Depreciation	7.92	0.9	0.61	0.45	0.48
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-37.75	-19.49	-14.15	-8.82	-1.61
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	-22.85	0.0	0.0	0.0
Net profit	-37.75	-42.34	-14.15	-8.82	-1.61

	Mar 2023	Mar 2024
Sales +	1,753.8	2,733.8
Sales growth %	None	55.88
Expenses +	1,964.1	2,862.2
Cost of goods	-	-
Employee cost	190.9	237.4
Other costs	1,764.4	2,609.1
Operating profit +	-201.6	-112.7
Operating margin %	-11.5	-4.1
Other income	35.6	32.6
Interest	0.4	1.8
Depreciation	8.2	13.9
Exceptional items	-	-
Profit before tax	-174.7	-95.7
Tax	-	-
Profit - disc. ops	-	-
Net profit	-174.7	-95.7
Net margin %	-9.8	-3.5

Precentage of total income	Mar 2023	Mar 2024
Sales	98.01	98.82
Expenses +	109.76	103.46
Cost of goods	0.0	0.0
Employee cost	10.67	8.58
Other costs	98.6	94.31
Operating profit	-11.27	-4.07
Other income	1.99	1.18
Interest	0.02	0.07
Depreciation	0.46	0.5
Exceptional items	0.0	0.0
Profit before tax	-9.76	-3.46
Tax	0.0	0.0
Profit - disc. ops	0.0	0.0
Net profit	-9.76	-3.46

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	1.5	1.3	1.1	1.1	1.1
Liquidity +
Current Ratio	0.7	4.5	9.7	12.1	6.8
Quick Ratio	0.7	4.5	9.7	12.1	6.8
Interest Coverage	-18.4	-37.1	-31.9	-419.9	-51.5
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	-29.2	-20.2	-15.0	-10.5	-3.0
Net Margin	-37.8	-54.9	-14.2	-8.8	-1.6
Return +
Return on Equity	-147.0	-188.0	-17.6	-29.3	-8.9
Pre-tax ROCE	-141.8	-102.6	-35.5	-37.6	-24.1
Return on Assets	-98.1	-145.2	-16.5	-27.0	-7.8
Pre-tax ROIC	-143.6	-92.0	-19.1	-35.8	-19.0
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	7.0	1.0	1.0	1.0	0.0
Fixed Asset Turnover	3.4	45.4	53.1	133.2	113.0
Total Asset Turnover	2.6	3.4	1.1	3.0	4.8
Working Capital
Cash Conversion Cycle	7.0	1.0	1.0	1.0	0.0
Working Capital Days	-12.0	67.0	153.0	104.0	49.0

	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0
Net Debt/Equity	0.0	0.0
Total Debt/Assets	0.0	0.0
Total Assets/Equity	1.1	1.2
Liquidity +
Current Ratio	11.7	7.4
Quick Ratio	11.7	7.4
Interest Coverage	-456.1	-61.8
Performance
Gross Margin	100.0	100.0
Operating Margin	-11.5	-4.1
Net Margin	-9.8	-3.5
Return +
Return on Equity	-33.5	-22.3
Pre-tax ROCE	-40.9	-29.1
Return on Assets	-30.7	-19.0
Pre-tax ROIC	-40.2	-29.4
Efficiency +
Days Payable	-	-
Days Inventory	-	-
Days Receivable	1.0	0.0
Fixed Asset Turnover	128.8	106.3
Total Asset Turnover	3.1	5.4
Working Capital
Cash Conversion Cycle	1.0	0.0
Working Capital Days	104.0	55.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Pranav Goel Shareholder	02336277	5 years
Nominee Director	Shailesh Lakhani	03567739	7 years
Whole-time Director	Uttam Digga Shareholder	06818363	11 years
Kmp	Uttam Digga	<HIDDEN>	2 years
Director	Vaidhehi Ravindran	08163327	5 years
Director	Puneet Renjhen	09498488	1 years
CFO	Pankaj Kumar Shroff Shareholder	<HIDDEN>	4 years
Director	Jasmine Kaur	10594239	1 years

Company Network

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Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
PORTER Global Technologies Pte Ltd	Singapore	-	-
PROSHIFT INFO MARKETING SERVICES PRIVATE LIMITED	India	-	-
SMARTSHIFT INFO MARKETING SERVICES PRIVATE LIMITED	Karnataka	2023	₹ 2.0 Cr
Porter Technologies DMCC	United Arab Emirates	-	-

Registered Details

CIN

U74999MH2014PTC306120

PAN

AAGCR8772D

Incorporation

2014, 11.1 years

Company Email

corporate@porter.in

Paid up Capital

₹ 118.6 Cr

Authorised Capital

₹ 142.6 Cr

AGM

Aug 2024

Type

Private

Non-government Company

FAQ - SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED

What is the incorporation date of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED?

The incorporation date of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED is 20 March, 2014

What is the authorized share capital of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED?

The authorized share capital of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED is INR ₹ 142.6 Cr.

What is the paid-up capital of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED?

The paid-up capital of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED is INR ₹ 118.6 Cr.

What is the registered address of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED?

The registered address of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED is No A-501, A-502, B?504, B?505 and B-506, 5th Floor Univers al Business Park, Chandivali, And heri (E Mumbai Mumbai City Maharashtra - 400072

What is the CIN number of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED?

The CIN number of SMARTSHIFT LOGISTICS SOLUTIONS PRIVATE LIMITED is U74999MH2014PTC306120.

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Sitaram Energy And Logistics Limited.

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Wowtruck Technologies Private Limited

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