Logistics stock engaged in providing clearing and forwarding services to leading cement companies in India jumped upto 4 percent in the day’s trade upon receiving work order from Adani Cements.
Price Action
With a market capitalization of Rs. 204 Crores, the shares of Kaushalya Logistics Limited were trading at Rs. 111.45 per equity share, down 0.04 percent from its previous day’s close price of Rs. 111.50.
What Happened
Kaushalya Logistics Limited specializing in providing logistic support to the cement players has announced the launch of its second depot for Adani Cement in Binnaguri, West Bengal, which commerced its operations on 12th November 2024.
Kaushalya Logistics Limited will oversee rake operations, depot management, and secondary transportation, on behalf of Adani Cement The new depot is expected to handle approximately 50,000 tons of cement annually and it also makes its entry into the key state of West Bengal.
About the Company
Kaushalya Logistics Limited is engaged in the business of providing clearing and forwarding services to leading cement companies in India. It provides customized including multimodal transportation, pick-up, packing, delivery, distribution, and full documentation.
Financials & Ratios
Its Revenue from operations grew by 135 percent YoY from Rs. 625 Crores in FY23 to Rs. 1,466 Crores in FY24, accompanied by profits of Rs. 7 Crores to Rs. 9 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 26 percent and a return on capital employed (ROCE) of 20.2 percent. It has reported a debt-to-equity ratio of 1.35.
Written by: Bharath K.S
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