Investment of Rs 1 lakh in this transport company would have turned to Rs 2.5 lakh in just 6 months!

Investment of Rs 1 lakh in this transport company would have turned to Rs 2.5 lakh in just 6 months!

by 5paisa Research Team Last Updated: Dec 15, 2022 - 09:57 pm 44.3k Views

Allcargo Logistics Ltd turned into a multibagger by giving excellent returns of 152% in just 6 months.

Shares of Allcargo Logistics which were trading at Rs 133.9 on 1 June 2021, closed at Rs 337.55 on 1 December 2021. It hit a 52-week high of Rs 395.9 on 10 November 2021.

Headquartered in Mumbai, Allcargo Logistics is the country’s largest private-sector logistics company that provides services such as freight forwarding, global multimodal transport operations (non-vessel-operating common carrier, less than container load, and full container load), pan-India container freight stations (CFS), inland container depots (ICD), third-party logistics, warehousing, contract logistics, express logistics, logistics parks and supply chain management. It has its presence in more than 180 countries across the world.

The company has 50 warehouses across India which have a cumulative warehouse space of 50 lakh sq ft under management. At present, the company’s warehouse utilization stands at 95% and over 100 customers across focused industry sectors. To fulfil its long-term growth aspirations, the company has taken strategic initiatives to focus on high growth segments such as express logistics and contract logistics.

In Q2FY22, on a consolidated basis, the company’s net revenue went up by 113% YoY to Rs 4977.85 crore. The PBIDT (ex OI) grew by 123.4% YoY to Rs 362.21 crore, while the corresponding margin expanded by 34 bps YoY to 7.28%. The net profit shot up by 331.97 per cent YoY to Rs 239.18 crore while the corresponding margin expanded by 243 bps YoY to 4.8%.

At 11.54 am, the share price of Allcargo Logistics Ltd was trading at Rs 343.15, which was an increase of 1.66% from the previous day’s closing price of Rs 337.55 on BSE.


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sahana Systems IPO GMP (Grey Market Premium)

Sahana Systems IPO worth ₹32.74 crore comprises entirely of a fresh issue of shares by the company. The price band has been fixed in the range of ₹132 to ₹135.

  • Jun 09, 2023
Spectrum Talent Management IPO GMP (Grey Market Premium)

Spectrum Talent Management IPO worth ₹105.14 crore, comprises entirely of a combination of a fresh issue of shares and an offer for sale (OFS) by promoters and early shareholders.

  • Jun 09, 2023
IKIO Lighting IPO GMP (Grey Market Premium)

IKIO Lighting IPO worth ₹607 crore comprises of an offer for sale and also of a fresh issue of shares. The offer for sale (OFS) component is by the promoters and early shareholders of the company.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number