Logistics Company Bags Orders Worth Rs 206.5 Crore in March; Share Price Jumps Over 3%

Ritco Logistics share price is trading at Rs 183.50, up 3.43 per cent from the previous close of Rs 177, supported by the company reporting strong business updates for March 2026, with a total order pipeline of around Rs 206.5 crore.

Ritco Logistics Secures Rs 206.5 Crore Business Pipeline in March 2026

Ritco Logistics secured transportation contracts worth approximately Rs 152.43 crore in March 2026, with an additional Rs 54.10 crore under finalisation, taking its total business pipeline for the month to around Rs 206.5 crore. The company stated that the order inflow resulted from strong customer confidence, a diversified sector presence, and consistent execution capabilities.

The company’s order inflow during the month was driven by strong traction in the Steel and Metals segment, alongside continued momentum across FMCG, industrial, Solar, and allied sectors.

• The Steel and Metals segment emerged as the key growth driver, contributing over Rs 140 crore, including pipeline opportunities. During the month, Ritco secured a major three-year strategic contract valued at around Rs 123.6 crore, strengthening its position in long-term, high-volume industrial logistics. It also won additional short- to mid-term contracts across steel and allied sectors, improving revenue visibility and fleet utilisation, with pipeline opportunities in the segment exceeding Rs 44 crore.
   
• In the FMCG, industrial, solar, and allied segments, the company secured contracts worth over Rs 12 crore, with additional pipeline opportunities exceeding Rs 10 crore. These engagements include a mix of short- and medium-term assignments, supporting diversification across sectors.

The March Order Book comprised a balanced mix of long-term contracts of up to three years and shorter-duration assignments, aiding predictable revenue streams, efficient asset utilisation, and reduced dependence on any single segment.

Separately, the company completed a VAPT (Vulnerability AssesSMEnt and Penetration Testing) exercise to strengthen its IT systems, focusing on data encryption, secure communication protocols (HTTPS/TLS), enhanced authentication mechanisms, code obfuscation, and advanced dynamic analysis testing.

TrucksUp Expands Digital Ecosystem

Ritco’s digital platform, TrucksUp, also recorded key developments during the month. The platform signed a memorandum of understanding (MoU) with the National Highways Authority of India (NHAI) and Indian Highways Management Company Limited (IHMCL) to develop interoperable, technology-driven solutions aimed at improving driver safety and operational efficiency. During March, TrucksUp issued 566 fuel cards, 3,675 FASTags, and 1,055 insurance policies, reflecting increased adoption among fleet operators in FY2025-26.

About Ritco Logistics

Ritco Logistics Limited is an India-based logistics company primarily engaged in full truckload (FTL) transportation and integrated supply chain solutions. The company provides end-to-end logistics services across sectors such as steel, cement, FMCG, and industrial goods.

Ritco focuses on long-haul transportation, fleet optimisation, and asset-light operations, enabling efficient movement of goods across the country. It also leverages its digital platform, TrucksUp, to enhance operational efficiency, improve transparency, and offer value-added services such as fuel cards, FASTags, and insurance solutions to fleet operators.

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Disclaimer: The article is for informational purposes only and not investment advice.