Shares of this micro-cap Logistics stock surged nearly 4 percent to Rs.600.00 per share on Thursday after securing an order for providing end-to-end logistics services, specifically focused on project cargo for a value of Rs.42 crore.
Price Movement
In Thursday’s trading session, S J Logistics (India) Ltd‘s share price reached an intra-day high of Rs.600 per share, rising 3.8 percent from its previous close of Rs.578.35 each. Since its listing in December 2023, SJLO has jumped 240 percent.
What Happened
S J Logistics (India) Ltd has secured multiple contracts for end-to-end logistics services from various Transmission & Distribution (T&D) players. The contracts, primarily focused on project cargo with DAP shipment (Door Delivery at consignee location), have been awarded by domestic entities and involve both domestic and international logistics services.
The execution period for these contracts ranges from 3 to 6 months, with a total approximate value of Rs.42 crores.
Business Segments
S J Logistics India Ltd provides various services, including Air Freight Forwarding with competitive rates for export and import shipments, supported by partnerships with reputable airlines.
Its Door Delivery segment handles end-to-end cargo delivery, including warehousing and customs clearance, even for landlocked countries.
The company also proposes a Warehousing facility of 38,910 sq. ft. in Bhiwandi, manages Inland Transportation for cargo pickups, and offers Customs Clearance services. Additionally, it provides NVOCC Cargo services in the Gulf regions through an agreement with Good Voyage Shipping Services.
International Footprint
The company has a robust global presence, operating in North America (Canada, USA, Mexico), South America (Brazil, Argentina, Chile, Peru), and Asia (India, Japan, China, Indonesia, Vietnam, Thailand).
The company also extends its services to Australia and New Zealand, Europe, the Middle East, and various regions in Africa, including South Africa and East and West Africa. This extensive network enables effective logistics and supply chain management worldwide.
Financial Overview
In its latest financial update, the company reported remarkable net sales of Rs.271 crore for FY24, reflecting a 102 percent increase from Rs.134 crore in FY23. Moreover, net profits surged exceptionally 188 percent to Rs.23 crore in FY24, compared to Rs.8 crore in FY23.
Company Profile
S J Logistics (India) Ltd is a prominent player in the logistics and supply chain sector. Originally starting as a proprietorship in 2000, it has evolved into a public limited company, offering a wide range of services including freight forwarding, customs clearance, and transportation handling.
Written by – Siddesh S Raskar
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