Allcargo Gati Ltd
Gati Ltd is primarily engaged in express distribution and supply chain solution through surface, air and rail logistics, supply chain management (SCM), E-comm logistics, freight forwarding and cold chain - transportation and warehousing. It also operates fuel stations across various locations.[1]
It works in the niche express logistics industry which contributes only ~2.5% to the total domestic logistics sector as per FY21.[2]
- Market Cap ₹ 1,416 Cr.
- Current Price ₹ 96.3
- High / Low ₹ 149 / 88.2
- Stock P/E
- Book Value ₹ 54.4
- Dividend Yield 0.00 %
- ROCE -0.50 %
- ROE -4.12 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 30.7 days to 21.4 days
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.80%
- The company has delivered a poor sales growth of -1.84% over past five years.
- Company has a low return on equity of -2.51% over last 3 years.
- Earnings include an other income of Rs.45.7 Cr.
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 9m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,273 | 1,115 | 1,648 | 1,667 | 1,691 | 1,736 | 1,863 | 1,708 | 1,314 | 1,490 | 1,723 | 1,698 | 1,665 | |
1,191 | 1,032 | 1,509 | 1,536 | 1,593 | 1,657 | 1,767 | 1,671 | 1,287 | 1,452 | 1,653 | 1,646 | 1,607 | |
Operating Profit | 82 | 82 | 139 | 131 | 98 | 79 | 96 | 37 | 28 | 38 | 70 | 52 | 58 |
OPM % | 6% | 7% | 8% | 8% | 6% | 5% | 5% | 2% | 2% | 3% | 4% | 3% | 3% |
9 | 12 | 12 | 15 | 10 | 54 | 16 | 13 | -195 | 24 | 24 | 46 | 46 | |
Interest | 44 | 32 | 42 | 42 | 52 | 49 | 47 | 55 | 45 | 27 | 29 | 30 | 28 |
Depreciation | 25 | 22 | 33 | 38 | 30 | 30 | 30 | 44 | 40 | 35 | 59 | 69 | 73 |
Profit before tax | 23 | 40 | 76 | 65 | 27 | 54 | 35 | -48 | -253 | -0 | 5 | -1 | 2 |
Tax % | 26% | 29% | 25% | 24% | 35% | 28% | 35% | 74% | -3% | 786% | 306% | -677% | |
17 | 28 | 57 | 49 | 17 | 39 | 23 | -84 | -246 | -4 | -11 | 6 | 9 | |
EPS in Rs | 1.11 | 2.68 | 4.71 | 4.20 | 1.22 | 3.16 | 1.69 | -6.42 | -18.69 | 0.72 | -0.71 | 1.12 | 1.36 |
Dividend Payout % | 54% | 26% | 30% | 24% | 65% | 28% | 47% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | -2% |
3 Years: | 9% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 10% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | -10% |
5 Years: | 9% |
3 Years: | -15% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | -5% |
3 Years: | -3% |
Last Year: | -4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17 | 17 | 18 | 18 | 18 | 22 | 22 | 24 | 24 | 25 | 26 | 26 | 29 |
Reserves | 770 | 755 | 531 | 546 | 621 | 707 | 703 | 719 | 501 | 535 | 589 | 609 | 770 |
477 | 480 | 473 | 502 | 558 | 366 | 367 | 476 | 348 | 324 | 321 | 386 | 242 | |
296 | 324 | 322 | 395 | 260 | 362 | 398 | 375 | 364 | 347 | 349 | 302 | 319 | |
Total Liabilities | 1,560 | 1,577 | 1,344 | 1,460 | 1,457 | 1,456 | 1,490 | 1,594 | 1,237 | 1,231 | 1,285 | 1,323 | 1,361 |
834 | 826 | 741 | 739 | 988 | 994 | 996 | 1,037 | 648 | 673 | 685 | 714 | 697 | |
CWIP | 24 | 39 | 3 | 20 | 9 | 3 | 5 | 2 | 0 | 1 | 1 | 4 | 0 |
Investments | 20 | 55 | 67 | 99 | 4 | 4 | 2 | 78 | 0 | 10 | 0 | 0 | 0 |
682 | 658 | 533 | 602 | 455 | 456 | 486 | 477 | 590 | 547 | 600 | 606 | 664 | |
Total Assets | 1,560 | 1,577 | 1,344 | 1,460 | 1,457 | 1,456 | 1,490 | 1,594 | 1,237 | 1,231 | 1,285 | 1,323 | 1,361 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-26 | 31 | 86 | 98 | 67 | 125 | 99 | 28 | 49 | -7 | 58 | 73 | |
-18 | -16 | -76 | -61 | -16 | -15 | -42 | -83 | 133 | 27 | -16 | 52 | |
-49 | -31 | 18 | -51 | -33 | -123 | -58 | 71 | -173 | -47 | -39 | -55 | |
Net Cash Flow | -94 | -16 | 28 | -14 | 18 | -14 | -2 | 16 | 9 | -27 | 3 | 70 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 63 | 79 | 59 | 64 | 46 | 51 | 47 | 44 | 54 | 57 | 57 | 52 |
Inventory Days | 25 | 25 | 5 | 9 | 9 | 11 | 11 | 9 | 6 | 6 | 4 | 4 |
Days Payable | 141 | 153 | 126 | 143 | 105 | 148 | 143 | 114 | 134 | 167 | 140 | 151 |
Cash Conversion Cycle | -53 | -49 | -62 | -71 | -50 | -87 | -84 | -60 | -74 | -105 | -80 | -95 |
Working Capital Days | 65 | 74 | 35 | 42 | -17 | 10 | -3 | -19 | 41 | 41 | 30 | 21 |
ROCE % | 6% | 6% | 10% | 9% | 6% | 10% | 7% | 0% | -0% | 2% | 3% | -0% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Retirement
30 Nov - Retirement of Mr. Pirojshaw Aspi Sarkari from Allcargo Gati Limited.
-
Announcement under Regulation 30 (LODR)-Change in Management
30 Nov - Retirement of Mr. Pirojshaw Aspi Sarkari from Allcargo Gati Limited.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Nov
-
Announcement under Regulation 30 (LODR)-Change in Management
15 Nov - Resignation of Chief Human Resources Officer effective January 2, 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 Nov - Q2FY25 earnings call conducted with investors.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
Concalls
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Dec 2023Transcript PPT
-
Nov 2023Transcript PPT REC
-
Aug 2023Transcript PPT REC
-
May 2023Transcript PPT REC
-
Feb 2023Transcript PPT REC
-
Nov 2022Transcript PPT REC
-
Aug 2022Transcript PPT REC
-
May 2022Transcript PPT REC
-
Feb 2022Transcript PPT REC
-
Oct 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
May 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Feb 2018TranscriptPPT
-
Nov 2017TranscriptPPT
-
May 2017TranscriptPPT
-
Jan 2017TranscriptPPT
-
Nov 2016TranscriptPPT
-
Aug 2016TranscriptPPT
-
Apr 2016TranscriptPPT
Restructuring[1]
In Dec,23, Allcargo Logistics Board and Allcargo Gati board approved merger for restructuring of businesses under Allcargo Limited and Allcargo Gati Limited (Formerly Gati Limited). As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity: Allcargo ECU Limited. This would
include the Indian part of International Supply Chain business and international subsidiaries held under the ECU Worldwide NV.
Express business and Contract Logistics business would come under the resulting entity Allcargo Logistics (post ISC demerger).
Shareholders of Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity (post ISC demerger) for every 10 shares held in Allcargo Gati. The restucturing process is expected to be completed by FY25.