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HomeSHARE MARKET₹89 Share Announced Bonus Shares For Eligible Shareholders; Today Record Date

₹89 Share Announced Bonus Shares For Eligible Shareholders; Today Record Date

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Allcargo Logistics Ltd (NSE: ALLCARGO) stock is in focus today on Tuesday. The shares of the company have experienced an increase of over 18% on the day. 

The company’s shares climbed the price of Rs 97.70 on the day of publication. There’s a major reason for the rise in shares. The stock is trading at a cost which is ex bonus. 

Recently, the Board of Directors of the company, at the meeting that was held on the 10th of November 2023, 2023, decided to announce the issue of bonus shares at a proportion of 3:1. 

The board then set the 2nd of January, 2024 as the date to record making the final list of shareholders that are eligible for bonus share issuance.

What Did The Company Have To Say?

“Given the outcomes of the board’s meeting held on November 10th, 2023 subject to SEBI Regulation 42 (Listing Obligations and Disclosure Requirements)”, the logistics company said while notifying shareholders who are eligible regarding the date for the issuance of bonus stock, regulations (Listing Regulations), “we would like to inform you of our Board of Directors of the Company has decided to set the date for Tuesday, January 2, 2024, as the date to record to establish the legality”. 

Shareholders of the firm will receive three shares in the business as a reward for every share.

The Status Of Shares In The Company

The shares from the firm are traded at 97.70 at present. Before Monday, this share was trading at 82.50. 

The 52-week high is 110.60 as well as its 52-week low is 61.50. The market capitalization for the firm is 9,041.60 crore.

About Allcargo Logistics Ltd

Allcargo Logistics Ltd is a top logistics firm located in Mumbai, India. It’s a one-stop supply chain management system that offers logistics solutions in more than 160 countries. 

The company is organized into five divisions that include multimodal transport operations, container freight stations / inland container depots, engineering and project solutions, logistic parks, and express distribution. 

Its origins are located situated in India, America, the Far East, Europe, and many other places. It has operations across the world through 301 offices. 

The company is headed by the creative Executive Chairman Mr. Shashi Kiran Shetty and is managed by seasoned professionals.

Fundamental Analysis of Allcargo Logistics

Market Cap₹ 8,839 Cr.
Current Price₹ 89.50
52-wk High₹ 441.20
52-wk Low₹ 85.65
Stock P/E7.39
Book Value₹ 25.8
Dividend0.90 %
ROCE18.5 %
ROE20.1 %
Face Value₹ 2.00
P/B Value3.49
OPM4.55 %
EPS₹ 3.57
Debt₹ 1,725 Cr.
Debt to Equity0.68

Allcargo Logistics Ltd Shareholding Pattern

Promoters Holding
Sept 202269.91%
Dec 202269.91%
Mar 202369.91%
June 202369.91%
Sept 202369.91%
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FII Holding
Sept 20229.22%
Dec 202210.12%
Mar 202310.88%
June 202310.82%
Sept 202310.87%
DII Holding
Sept 20222.13%
Dec 20222.20%
Mar 20232.19%
June 20232.66%
Sept 20232.97%
Public Holding
Sept 202218.74%
Dec 202217.75%
Mar 202317.02%
June 202316.60%
Sept 202316.24%
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Allcargo Logistics Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 6,895 Cr
2020₹ 7,346 Cr
2021₹ 10,498 Cr
2022₹ 20,072 Cr
2023₹ 14,100 Cr

Last 5 Years’ Net Profit:

2019₹ 248 Cr
2020₹ 234 Cr
2021₹ 95 Cr
2022₹ 965 Cr
2023₹ 333 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.25
20200.58
20210.62
20220.59
20230.25
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Last 10 Years’ Profit Growth:

10 Years:14%
5 Years:29%
3 Years:48%
Current Year:-70%

Last 10 years’ Return on Equity (ROE):

10 Years:14%
5 Years:17%
3 Years:20%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:16%
5 Years:24%
3 Years:35%
Current Year:-35%

Company’s Positive Signs:

  • The company has reduced its debt.
  • The company has made a profit increase of 28.9 percent CAGR over the five years.
  • The company debtor days have decreased by a factor of 57.6 up to 41.2 days.

Company’s Negative Signs:

  • The company could be capitalizing on the cost of interest.
  • The company’s earnings also include a non-recurring revenue in the amount of Rs.199 Cr.

Conclusion

This article is a complete guide about Allcargo Logistics Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential. Hopefully, these informations will help you for your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹307 Share Market Cap Increased To 3.1 Lakh Crore; Massive Growth Than Tata-Birla!

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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