National countMonthly e-way bills
Bill count
Documents generated nationally, including within-state and outgoing movement.
India goods-movement data
E-way bills show movement. They do not tell you who earned the margin.
National e-way bill count and assessable value are useful activity signals for trade and logistics. The investment conclusion still depends on company exposure, price, cost and market share.
Latest month Jul 2026137.9 million billsPublished 4 Sept 2026Official GST statistics
Latest official month
Jul 2026 e-way bill activity.
Count and assessable value answer different questions. Both are national aggregates and neither identifies which listed logistics company handled the movement.
E-way bills137.9m+6.0% YoY
Assessable value₹36,28,133 cr+25.2% YoY
Average value / bill₹2,63,124Simple ratio, not freight yield
History in Altys48 monthsLatest public slice
Goods valueMonthly assessable value
Assessable value
₹ crore attached to the goods records—not freight revenue or logistics gross merchandise value.
A strong macro signal can still produce a weak stock outcome.
If e-way bills rise 10% while a company loses customers, cuts price to retain volume, faces higher fuel cost or trades at a valuation that assumed 20% growth, the share price can fall. The signal is the first line of the research bridge, not the last.
Source: GSTN official e-way bill workbook, parsed and versioned by Altys. Rolling files can be updated after initial publication.
Research bridge
From national movement to company economics.
01E-way bill countIs the goods-movement pulse expanding?
→02Addressable categoryWhich mode, lane and customer segment matters?
→03Company volume and shareDid the company participate in the growth?
→04Yield, cost and cashDid volume create earnings and cash flow?
→05ValuationWhat outcome was already priced in?
E-way bill methodology
Questions about the signal.
What is an e-way bill?
An e-way bill is an electronic document used for qualifying movement of goods under GST rules. The national count combines within-state and outgoing movements in the official statistics.
Is e-way bill count the same as freight volume?
No. One shipment can involve different documentation patterns, thresholds and journey structures. E-way bills are a goods-movement indicator, not tonnes carried, kilometres travelled or logistics-company revenue.
What does assessable value mean?
It is the value attached to goods covered by the e-way bill records in the official statistical workbook. It is not the freight charge and should not be read as the revenue pool for logistics companies.
Why might e-way bills rise while a logistics stock falls?
Company market share, pricing, fuel and labour costs, modal mix, working capital, valuation and expectations can outweigh national activity. A rising industry pulse does not guarantee improving per-share economics.
Altys alternative intelligence
Turn an outside signal into a monitored investment question.
Altys connects alternative data with company financials, filings, guidance, factors and portfolio context. The source stays visible; the conclusion remains yours.