Logistics stock engaged in the business of providing logistics and supply chain solutions like freight forwarding, customs clearance and many more jumped 4 percent in the day’s trade upon receiving work orders worth Rs. 78 Crores.
With a market capitalization of Rs. 586 Crores, the shares of S J Logistics Limited closed at Rs. 404.95, up 0.51 percent from its previous day’s close price of Rs. 402.90.
S J Logistics Limited has received two work orders, the first order being received from a Transmission and Distribution player for providing end-to-end logistics Services for turnkey projects in the Power & Water Sector for a consideration of Rs. 62 Crores and the order is to be executed within 9 months.
S J Logistics Limited has received its second work order from another Transmission and Distribution player for providing Port to Port Logistics Services for a Cargo Project for a consideration of Rs. 16 Crores and it should be executed within 10 months.
SJ Logistics Limited is engaged in the business of providing logistics and supply chain solutions like freight forwarding, customs clearance, transportation handling services, and many more.
Its revenue from operations grew by 26 percent from Rs. 103 Crores in FY22 to Rs. 134 Crores in FY23, accompanied by profits of Rs. 1 Crore toRs. 7 Crores.
It has reported a return on equity (ROE) of 24.40 percent, a return on capital employed (ROCE) of 20.86 percent, and a debt-to-equity ratio of 1.08.
Written by: Bharath K.S
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