Buy, Sell Or Hold: Balmer Lawrie, Allcargo Logistics, TCI, VRL Logistics, Gateway Distriparks

Updated: 23 Sept 2026 • 3:09 pm

Posted by:

Buy, Sell Or Hold: Balmer Lawrie, Allcargo Logistics, TCI, VRL Logistics, Gateway Distriparks

Analyst Forecast

Sector Snapshot (23 September 2026)

Stock	LTP (Rs)	52W High	52W Low	P/E vs Industry	ROE	Our View
Balmer Lawrie & Company	167.73	218.60	148.36	10.46 / 14.63	13.37%	Buy on Dips
Allcargo Logistics	11.37	15.89	7.11	36.47 / 48.64	0.87%	Avoid / High Risk
Transport Corporation of India	830.15	1,242.00	797.00	13.57 / 48.64	17.78%	Buy on Dips
VRL Logistics	291.50	310.20	225.00	19.10 / 50.75	20.73%	Buy on Dips
Gateway Distriparks	52.61	65.42	48.10	10.52 / 48.64	11.15%	Buy on Dips

Quick Answer

Four of these five air transport service stocks trade at a steep discount to the broad logistics industry average price-to-earnings ratio of roughly 48 to 51, and three of them, Transport Corporation of India, VRL Logistics and Gateway Distriparks, combine that cheap valuation with double-digit return on equity. Allcargo Logistics is the clear outlier, with return on equity under 1% despite a similarly low multiple, which keeps it in high-risk territory rather than a value pick.

Air transport and allied logistics services cover freight forwarding, container freight stations, trucking networks and industrial packaging, businesses that ride on trade volumes, fuel costs and infrastructure capacity rather than passenger travel. This piece checks five listed air transport service stocks on valuation and profitability.

Click Here – Get Free Investment Predictions

Table of Contents

Balmer Lawrie & Company: Buy on Dips

Balmer Lawrie & Company is at Rs 167.73, down about 23% from its 52-week high of Rs 218.60. It trades at a price-to-earnings ratio of just 10.46 against an industry average of 14.63, while delivering a return on equity of 13.37% and carrying a dividend yield above 5%. That combination of a cheap valuation, solid profitability and a shareholder-friendly payout makes it one of the more attractive air transport service stocks to accumulate on dips.

Allcargo Logistics: Avoid / High Risk

Allcargo Logistics trades at Rs 11.37, down close to 28% from its 52-week high of Rs 15.89. Its price-to-earnings ratio of 36.47 looks cheap against the industry average of 48.64, but a return on equity of just 0.87%, the weakest in this group by a wide margin, shows the business is barely generating a return on its equity base. Combined with a debt-to-equity ratio of 1.21, the highest here, this looks like a name to avoid rather than one to buy on cheapness alone.

Transport Corporation of India: Buy on Dips

Transport Corporation of India is at Rs 830.15, down about 33% from its 52-week high of Rs 1,242.00. It combines a strong return on equity of 17.78% with a price-to-earnings ratio of just 13.57, well below the industry average of 48.64. That mix of solid profitability, a very reasonable multiple and low debt makes it one of the more compelling air transport service stocks to accumulate on this pullback.

VRL Logistics: Buy on Dips

VRL Logistics trades at Rs 291.50, close to its 52-week high of Rs 310.20 and the steadiest price performer in this group. It posts the strongest return on equity here at 20.73%, alongside a price-to-earnings ratio of 19.10 that remains well below the industry average of 50.75. Even with a higher debt-to-equity ratio of 1.01, the combination of strong profitability and relative price strength keeps it among the more attractive air transport service stocks to watch on dips.

Gateway Distriparks: Buy on Dips

Gateway Distriparks is at Rs 52.61, down about 20% from its 52-week high of Rs 65.42. It trades at a price-to-earnings ratio of just 10.52 against an industry average of 48.64, with a return on equity of 11.15% and a dividend yield near 4%. That cheap valuation paired with reasonable profitability and manageable debt makes it worth watching for accumulation on dips.

Explore Univest's stock screener to compare air transport service stocks on your own filters

What Ties These Air Transport Service Stocks Together

Four of these five air transport service stocks trade at a steep discount to the sector's average price-to-earnings ratio, which sits unusually high at 48 to 51 largely because of a handful of richly valued names skewing the industry number. Balmer Lawrie, Transport Corporation of India, VRL Logistics and Gateway Distriparks all combine that discount with reasonable to strong return on equity, while Allcargo Logistics stands apart with a return on equity near zero despite a similarly cheap multiple, a reminder that a low P/E alone does not make a stock a buy. Fuel costs, trade volumes and monsoon-driven demand swings can move these numbers meaningfully from one quarter to the next.

Track live prices for these air transport service stocks anytime with the Univest iOS App and Univest Android App

Conclusion

Air transport service stocks in India are broadly cheap relative to the sector's average valuation, but profitability still separates the attractive names from the risky ones. Balmer Lawrie, Transport Corporation of India, VRL Logistics and Gateway Distriparks currently look better placed for gradual accumulation among these air transport service stocks, while Allcargo Logistics' very weak return on equity keeps it in high-risk territory despite its low multiple. As always, treat this as a starting point rather than a final word.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Stock market investments are subject to market risks. Please verify all data independently and consult a SEBI-registered investment adviser before making any investment decisions. Univest Financial Services Private Limited, SEBI Registered Investment Adviser, Registration No. INH000013776.

Frequently Asked Questions

A few common questions on these air transport service stocks, answered briefly below for quick reference on this basket of air transport service stocks.

Which air transport service stocks look attractive right now?

Balmer Lawrie, Transport Corporation of India, VRL Logistics and Gateway Distriparks all combine a price-to-earnings ratio well below the logistics industry average with reasonable to strong return on equity, making them the more attractive names in this group.

Why is Allcargo Logistics considered high risk?

Allcargo Logistics trades at a seemingly cheap valuation, but its return on equity of just 0.87% is the weakest in this group, and its debt-to-equity ratio of 1.21 is the highest, which together point to a business that is not yet converting its low price into a genuine value opportunity.

Is Transport Corporation of India cheap at current levels?

Yes, Transport Corporation of India trades at a price-to-earnings ratio of 13.57 against an industry average of 48.64, alongside a strong 17.78% return on equity, making it one of the more attractively valued names in this group.

Which stock in this group has the highest dividend yield?

Balmer Lawrie & Company offers a dividend yield above 5%, the highest among the five air transport service stocks covered here, alongside a below-industry valuation.

Why does the logistics industry average P/E look so high?

The industry average price-to-earnings ratio for this group sits at 48 to 51 largely because a handful of richly valued logistics names skew the average, which is why most of the stocks covered here look cheap by comparison even though their own businesses are fairly ordinary.

Where can I track these air transport service stocks in real time?

You can track live prices, set price alerts, and follow quarterly results for Balmer Lawrie, Allcargo Logistics, Transport Corporation of India, VRL Logistics and Gateway Distriparks using the Univest iOS App and Univest Android App.