Accuracy Shipping Ltd

Accuracy Shipping Ltd

₹ 9.10 1.68%
25 Apr - close price
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

Service Verticals

  • Market Cap 137 Cr.
  • Current Price 9.10
  • High / Low 18.2 / 7.05
  • Stock P/E
  • Book Value 7.30
  • Dividend Yield 0.27 %
  • ROCE 11.0 %
  • ROE 7.59 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 68.9 to 44.4 days.
  • Company's working capital requirements have reduced from 79.6 days to 58.9 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.8% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
113.64 134.77 160.64 189.78 218.67 255.01 248.84 238.12 212.82 177.55 142.14 207.37 187.47
103.57 126.63 147.91 174.80 200.70 254.53 238.28 233.74 205.13 165.52 139.42 204.92 183.05
Operating Profit 10.07 8.14 12.73 14.98 17.97 0.48 10.56 4.38 7.69 12.03 2.72 2.45 4.42
OPM % 8.86% 6.04% 7.92% 7.89% 8.22% 0.19% 4.24% 1.84% 3.61% 6.78% 1.91% 1.18% 2.36%
0.07 0.83 0.16 0.43 0.52 0.88 0.20 0.85 0.65 -0.24 0.29 0.66 -0.37
Interest 2.90 -1.51 2.48 1.72 2.27 2.37 3.03 2.98 3.54 2.21 3.02 2.74 2.71
Depreciation 2.17 4.41 2.86 3.05 3.25 3.35 2.59 3.07 3.54 3.14 3.02 3.20 3.31
Profit before tax 5.07 6.07 7.55 10.64 12.97 -4.36 5.14 -0.82 1.26 6.44 -3.03 -2.83 -1.97
Tax % 30.57% 30.81% 28.21% 34.96% 21.43% -0.92% 50.58% 108.54% 107.94% 11.34% -23.10% 26.50% -46.70%
3.52 4.19 5.42 6.92 10.19 -4.39 2.54 0.07 -0.10 5.71 -3.72 -2.08 -2.89
EPS in Rs 0.23 0.28 0.36 0.46 0.64 -0.30 0.14 0.03 -0.01 0.38 -0.25 -0.14 -0.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
339 348 375 824 877 715
314 320 345 776 842 693
Operating Profit 25 28 30 48 35 22
OPM % 7% 8% 8% 6% 4% 3%
5 1 1 2 1 0
Interest 5 8 6 10 12 11
Depreciation 12 16 12 13 12 13
Profit before tax 12 5 13 27 12 -1
Tax % 34% 24% 29% 32% 32%
8 4 9 18 8 -3
EPS in Rs 0.54 0.27 0.59 1.20 0.55 -0.20
Dividend Payout % 0% 0% 0% 416% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 36%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 15%
1 Year: -39%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 15 15 15 15
Reserves 54 58 67 85 92 95
67 78 90 117 109 99
28 29 27 83 70 74
Total Liabilities 164 180 199 300 286 283
60 51 55 56 74 71
CWIP 0 3 0 5 0 0
Investments 0 0 0 0 0 0
104 126 144 240 212 211
Total Assets 164 180 199 300 286 283

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 17 -19 46
0 -9 -13 -11 -25
0 8 1 27 -21
Net Cash Flow 0 -1 4 -3 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 102 103 60 44
Inventory Days 55 46
Days Payable 158 58
Cash Conversion Cycle 91 102 103 -43 33
Working Capital Days 65 90 108 72 59
ROCE % 9% 12% 19% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.40% 63.40% 63.40% 63.40% 63.69% 63.69% 63.69% 63.69% 63.69% 63.69% 63.69% 63.69%
0.00% 0.00% 0.00% 0.00% 0.00% 9.80% 15.32% 20.37% 9.30% 5.54% 0.00% 0.03%
12.30% 12.30% 11.80% 11.25% 11.25% 1.37% 1.37% 1.32% 1.32% 1.32% 0.00% 0.00%
24.30% 24.29% 24.80% 25.35% 25.07% 25.15% 19.62% 14.63% 25.70% 29.46% 36.31% 36.29%
No. of Shareholders 1,1672,9462,6653,1084,1233,4994,0656,38411,97515,39629,29847,953

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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