Gateway Distriparks Ltd
NSE:GATEWAY
Gateway Distriparks Ltd
Gateway Distriparks Ltd is a IN-based company operating in Air Freight & Logistics industry. The company is headquartered in Raigad, Maharashtra. The company went IPO on 2022-03-22. Gateway Distriparks Limited is an India-based integrated inter-modal logistics service provider. The firm is engaged in the business of container freight stations / inland container depots at various locations, transportation of cargo by containers on Indian railways network, road transportation of containers / cargo / chilled and frozen products and operating storage facilities at cold stores at various locations in India. The Company’s services include container yards, customs handling, general warehousing, bonded warehousing, cargo stuffing and de-stuffing, first and last-mile connectivity through own fleet of trailers, empty container handling, container repair, customized solutions for customers handling carious cargo and value-added services, such as palletization, sheet wrapping, and others. The Company’s subsidiaries include Gateway Rail Freight Limited, Gateway Distriparks (Kerala) Limited, and Gateway East India Private Limited.
Gateway Distriparks Ltd is a IN-based company operating in Air Freight & Logistics industry. The company is headquartered in Raigad, Maharashtra. The company went IPO on 2022-03-22. Gateway Distriparks Limited is an India-based integrated inter-modal logistics service provider. The firm is engaged in the business of container freight stations / inland container depots at various locations, transportation of cargo by containers on Indian railways network, road transportation of containers / cargo / chilled and frozen products and operating storage facilities at cold stores at various locations in India. The Company’s services include container yards, customs handling, general warehousing, bonded warehousing, cargo stuffing and de-stuffing, first and last-mile connectivity through own fleet of trailers, empty container handling, container repair, customized solutions for customers handling carious cargo and value-added services, such as palletization, sheet wrapping, and others. The Company’s subsidiaries include Gateway Rail Freight Limited, Gateway Distriparks (Kerala) Limited, and Gateway East India Private Limited.
Rig Expansion: Gateway Distriparks will increase its fleet from 34 to 37 rigs by June, upgrading to high-capacity models to handle expected volume growth.
Warehousing Margin Pressure: Snowman Logistics' warehousing EBIT margin dropped below 3% this quarter, mainly due to a shift towards lower-margin dry storage and "Park and Pay" models, though management notes some pricing improvement.
Tax & Governance Issues: The company faces ongoing tax disputes and a Jaipur land "Benami" issue, but management emphasizes transparency and recent closures of some cases under amnesty schemes.
CapEx Plans: Continued annual capital expenditure of INR 100–150 crores is planned, mostly debt-financed, with direct due diligence on new projects to avoid past land issues.
Indore Project: New terminal at Indore with 120,000 TEUs capacity targeted to be operational in two years, with land acquisition and due diligence completed.
Trade Deals & Capacity: Management expects U.S. and EU trade deals to boost export volumes. Capacity at terminals can support up to 4x current volume, so growth can be accommodated.
Dividend Update: A one-time special dividend was declared after reaching net debt zero (excluding Snowman), with current cash at INR 140 crores after recent land purchase.
