Accuracy Shipping Ltd

About

Accuracy Shipping Ltd is involved in providing third party logistics solutions. It offers customized and end-to-end logistics solutions and services including transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing and value added services.[1]

Key Points

Services
The company provides services in the areas of air cargo, sea cargo, land cargo, project cargo and custom clearance.[1]

Its 2 primary business segments are :-

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  • Market Cap 200 Cr.
  • Current Price 133
  • High / Low 152 / 25.6
  • Stock P/E 23.2
  • Book Value 54.4
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.41% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Dec 2020 Mar 2021 Jun 2021
39.66 107.14 138.87 158.68
35.86 97.65 130.07 145.96
Operating Profit 3.80 9.49 8.80 12.72
OPM % 9.58% 8.86% 6.34% 8.02%
Other Income 0.01 0.07 0.81 0.16
Interest 0.66 2.36 -1.51 2.47
Depreciation 2.90 2.16 4.40 2.86
Profit before tax 0.25 5.04 6.72 7.55
Tax % 56.00% 27.78% 30.65% 28.21%
Net Profit 0.12 3.64 4.66 5.42
EPS in Rs 0.08 2.42 3.10 3.60

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
161 206 199 332 339 344 365
157 199 189 306 314 316 335
Operating Profit 4 6 10 26 25 28 30
OPM % 2% 3% 5% 8% 7% 8% 8%
Other Income 0 2 1 1 5 1 1
Interest 1 2 3 4 5 8 6
Depreciation 2 4 5 8 12 16 12
Profit before tax 1 2 3 15 12 5 12
Tax % 31% 35% 51% 32% 34% 24% 30%
Net Profit 1 2 1 10 8 4 9
EPS in Rs 10.56 5.27 1.57 10.25 5.33 2.57 5.73
Dividend Payout % 0% 0% 0% 10% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:3%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:40%
3 Years:-6%
TTM:127%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:18%
1 Year:259%
Return on Equity
10 Years:%
5 Years:14%
3 Years:10%
Last Year:11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1 3 9 10 15 15 15
Reserves 2 3 5 15 54 58 67
Borrowings 10 24 24 50 66 76 89
15 14 22 18 26 27 24
Total Liabilities 28 44 60 93 162 177 195
9 22 19 39 60 50 55
CWIP 0 0 3 5 0 3 0
Investments 0 0 0 0 0 0 0
19 22 38 49 102 123 140
Total Assets 28 44 60 93 162 177 195

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4 3 2 7 -15 0 16
-8 -17 -5 -30 -27 -9 -13
4 14 3 24 43 8 1
Net Cash Flow 0 0 0 0 0 -1 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 30 28 46 39 91 103 105
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 30 28 46 39 91 103 105
Working Capital Days 10 15 27 33 80 101 111
ROCE % 19% 16% 34% 17% 9% 11%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

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Annual reports