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 44.8k Views
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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.

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