Shares of this microcap company jumped around 15 percent in Friday’s trading session after securing orders for Rs. 70 crores. On 19th December 2023, the stock was listed on the NSE at Rs. 175, a premium of 40 percent over the IPO issue price of Rs. 125.
With a market capitalisation of Rs. 346 crores, the shares of S J Logistics (India) Ltd started Friday’s trading session on a higher note at Rs. 214 compared to the previous close of Rs. 211. During the trading session, the shares hit a high of Rs. 244, gaining around 14 percent and are currently trading at Rs. 242 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had received an order worth Rs. 70 crores for a cargo project from a T&D player. The orders are to be completed within 6 months starting from February 2024.
Looking at the company’s financial statement, the revenue increased marginally by 4 percent from Rs. 103.62 crores during FY21-22 to Rs. 107.71 crores in FY22-23. In addition, the net profits zoomed by 36 percent from Rs. 1.73 crores to Rs. 2.36 crores during the same timeframe.
Due to increasing expenditure, the profitability metrics of the company declined with the return on equity (RoE) decreasing from 11.05 percent during FY 21-22 to 9.53 percent in FY 22-23, and, the return on capital employed (RoCE) showed a downward movement from 12.44 percent to 11.80 percent during the same timeframe. Furthermore, the net profit margin decreased from 2.19 percent during FY 21-22 to 1.66 percent during FY 22-23.
Headquartered in Maharashtra, S J Logistics (India) was incorporated in 2003. The company provides a range of logistics and supply chain solutions, including freight forwarding, customs clearance, transportation handling, inland transportation, door delivery, warehousing, and Non-Vessel Operating Common Carrier (NVOCC) services.
Written By Vaibhav Patil
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