Allcargo Logistics Ltd

Allcargo Logistics Ltd

₹ 64.7 -0.49%
14 Jun - close price
About

Incorporated in 1993, Allcargo Logistics provides integrated logistics solutions and offers specialized logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations and project and engineering solutions[1]

Key Points

Demerger[1]
In Dec,23, Allcargo Logistics Board and Allcargo Gati board approved restructuring of businesses under Allcargo Limited and Allcargo Gati Limited (Formerly Gati Limited). As per the scheme, ISC business will be demerged into a separate entity: Allcargo ECU Limited. This would
include the India part of ISC along with the international subsidiaries held under the ECU Worldwide NV.
Express business and Contract Logistics business would come under the resulting entity Allcargo Logistics.
Allcargo Gati will get 63 shares in the resulting Allcargo Logistics entity for every 10 shares held in Allcargo Gati. Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics Limited. This takes
into account 3:1 bonus shares approved by shareholders for Allcargo Logistics recently.

  • Market Cap 6,361 Cr.
  • Current Price 64.7
  • High / Low 98.0 / 61.3
  • Stock P/E 49.3
  • Book Value 25.7
  • Dividend Yield 1.26 %
  • ROCE 3.15 %
  • ROE 4.83 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 28.8%

Cons

  • Stock is trading at 2.52 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.235 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.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,349 3,449 4,978 5,599 5,464 5,474 5,055 4,127 3,395 3,271 3,307 3,212 3,398
3,156 3,232 4,616 5,165 5,074 5,114 4,681 3,881 3,255 3,134 3,189 3,111 3,299
Operating Profit 193 217 362 434 390 360 374 247 140 137 118 100 99
OPM % 6% 6% 7% 8% 7% 7% 7% 6% 4% 4% 4% 3% 3%
-60 64 72 75 15 67 36 3 22 132 43 46 20
Interest 32 28 27 20 22 18 19 20 19 24 37 38 31
Depreciation 86 74 88 60 66 64 80 53 81 83 107 104 106
Profit before tax 16 179 319 429 316 345 312 176 63 161 17 4 -18
Tax % 62% 41% 17% 17% 24% 25% 37% 17% 17% 26% 7% -359% 31%
6 106 263 355 241 260 195 146 52 119 16 17 -12
EPS in Rs 0.55 1.19 2.32 3.39 2.51 2.50 1.81 1.47 0.63 1.25 0.22 0.11 -0.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,926 4,859 5,629 5,641 5,583 6,049 6,895 7,346 10,498 19,062 18,051 13,188
3,566 4,464 5,147 5,131 5,110 5,657 6,438 6,831 9,855 17,781 16,911 12,728
Operating Profit 360 396 482 509 473 392 457 515 643 1,281 1,140 460
OPM % 9% 8% 9% 9% 8% 6% 7% 7% 6% 7% 6% 3%
66 36 53 35 46 27 37 97 -35 274 119 235
Interest 45 61 60 46 37 35 36 75 143 96 86 130
Depreciation 147 175 157 201 166 159 156 232 306 238 278 400
Profit before tax 234 196 317 297 315 225 302 305 159 1,222 895 164
Tax % 22% 21% 22% 17% 25% 23% 18% 23% 40% 21% 27% 15%
183 154 249 248 238 174 248 234 95 965 653 140
EPS in Rs 1.68 1.48 2.38 2.38 2.36 1.74 2.46 2.27 1.76 9.42 6.41 1.52
Dividend Payout % 11% 13% 11% 21% 21% 29% 36% 33% 28% 8% 13% 66%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 8%
TTM: -27%
Compounded Profit Growth
10 Years: -1%
5 Years: -11%
3 Years: 4%
TTM: -79%
Stock Price CAGR
10 Years: 13%
5 Years: 26%
3 Years: 33%
1 Year: -11%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 20%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 25 25 25 50 49 49 49 49 49 49 49 197
Reserves 1,560 1,768 1,883 1,686 1,743 1,915 1,950 2,097 2,234 3,113 2,765 2,325
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
727 992 613 513 590 474 598 1,603 2,065 2,317 1,180 1,846
681 845 926 818 870 966 1,317 1,552 2,964 4,125 3,237 2,951
Total Liabilities 2,993 3,630 3,447 3,067 3,252 3,405 3,914 5,301 7,313 9,604 7,231 7,318
1,829 2,249 2,062 1,579 1,540 1,560 1,597 1,968 3,165 3,492 2,132 2,863
CWIP 14 24 30 50 75 10 165 269 3 3 15 18
Investments 186 190 89 153 291 325 239 510 324 567 581 244
964 1,167 1,265 1,285 1,346 1,510 1,913 2,554 3,822 5,543 4,502 4,193
Total Assets 2,993 3,630 3,447 3,067 3,252 3,405 3,914 5,301 7,313 9,604 7,231 7,318

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
324 311 416 440 359 308 324 263 330 850 1,583 -146
-177 -417 -16 -191 -285 -18 -295 -998 44 -563 -382 -324
-145 135 -394 -200 -84 -222 -75 795 -316 -19 -857 -46
Net Cash Flow 2 28 6 50 -11 68 -45 60 58 268 344 -516

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 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 36 43 42 44 49 51 50 57 76 59 41 62
Inventory Days
Days Payable
Cash Conversion Cycle 36 43 42 44 49 51 50 57 76 59 41 62
Working Capital Days -21 -20 -4 -7 3 1 2 16 18 16 2 16
ROCE % 12% 10% 14% 14% 14% 11% 13% 10% 9% 22% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.01% 69.95% 69.92% 69.92% 69.92% 69.91% 69.91% 69.91% 69.91% 69.91% 69.91% 69.91%
12.85% 9.15% 10.10% 9.55% 9.33% 9.22% 10.12% 10.88% 10.82% 10.87% 10.95% 10.79%
2.87% 1.36% 1.54% 1.82% 2.01% 2.13% 2.20% 2.19% 2.66% 2.97% 2.91% 2.83%
14.27% 19.54% 18.44% 18.71% 18.74% 18.74% 17.75% 17.02% 16.60% 16.24% 16.22% 16.44%
No. of Shareholders 49,50648,29355,95161,92165,29271,97672,81171,29476,47683,5151,00,0571,47,258

* 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.

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