Shares of this logistic company jumped up to 1 percent in Monday’s trading session after signing a logistic agreement with Samsung Data Systems India.
With a market capitalisation of Rs. 62.5 crores, the shares of Committed Cargo Care Ltd started Monday’s trading session on a higher note at Rs. 59 compared to its previous close of Rs. 58. During the trading session, the shares hit a high of Rs. 59.50, gaining around 1 percent and closed the day at Rs. 57.85 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had signed a Logistics Service Agreement with Samsung Data Systems India Private Limited (“SDS”).
Looking at the company’s financial statement, the revenue declined by 16 percent from Rs. 146 crores during FY21-22 to Rs. 122 crores in FY22-23. On a contasting note, the net profit zoomed from Rs. 3 crores to Rs. 5 crores duirng the same timeframe.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 13.12 percent during FY 21-22 to 18.48 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 17.42 percent to 24.20 percent during the same timeframe. Furthermore, the net profit margin increased from 2.11 percent during FY21-22 to 4.36 percent during FY22-23.
The company’s customer base comes from various sectors across India, including automotive and heavy engineering, telecom,food and agro, fast moving consumer goods, paints, handicrafts, e-commerce products, garments, pharma and dairy. Furthermore, the company does direct business with some major local and global players in the industry.
Headqurted in New Delhi, Committed Cargo Care was incorporated in 1998, the company is a Third Party Logistics provider that specializes in handling Import and Export Cargo and provides integrated services.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
