The share of this microcap company jumped 12% after announcing its new business vertical of Railway rake handling and transportation to various locations. In six months, the share has delivered more than 15 percent returns to its shareholders. 

With a market capitalization of Rs. 363 crores, the shares of Shreeji Translogistics Ltd opened Monday’s trading session on a positive note at Rs. 67.89 compared to its previous close at Rs. 66.51. The share hit a high at Rs. 76, gaining around 12 percent, and is currently trading at Rs. 72. 

Such a bullish movement was observed after the company announced that it had extended its new business vertical of Railway rake handling and transportation to various locations. And also successfully executed Railway Rake Handling and shifting (H&S) and Transportation services into different locations namely Vishakhapatnam (Andhra Pradesh), Bhilai (Chhattisgarh), Haridwar (Uttarakhand). 

By entering into a new business vertical the company aims to provide comprehensive and timely solutions for efficient handling and upliftment of steel materials from railway sidings. 

Looking at the financial statements, the company’s revenue increased by 20 percent from Rs. 166 crores in the June quarter to Rs. 200 crores during the September quarter. In addition, the net profit increased by 19 percent from Rs. 9.17 crores to Rs. 10.99 crores during the same period. 

Coming onto, the important financial ratios show that the return on equity (RoE) was recorded as 29.19 percent in FY 22-23 and the return on capital employed (RoCE) was 22.59 percent during the same timeframe. 

According to the latest shareholding pattern, Promoters have a 72.70 percent stake in the company, the FIIs hold a marginal stake of 0.64 percent and the remaining 26.66 percent shares are the Public or Retail Investors. 

Headquartered in Navi Mumbai, Shreeji Translogistics Ltd was incorporated in 1984. The Company is engaged in logistic solutions, freight management, and warehousing services. The various types of services provided by the Company include full truck load transport services (FTL), parcel and part truck load services/ less than truckload (LTL), import-export services, and ODC services. 

Written By Vaibhav Patil


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.