With a market capitalization of ₹ 454.52 crores, Shreeji Translogistics (formerly, Shreeji Transport Services) is a major logistics solutions provider in India.
It has a rich industry experience of over four decades and its services include the movement of export-import containers, freight management, warehousing services, and bonded trucking.
The company informed the bourses that it has fixed Wednesday, 15th of February as the record date for determining the eligibility of shareholders for the sub-division (split) of its equity shares.
Shreeji Translogistics equity shares that currently have a face value of ₹ 10 each will be subdivided into five equity shares of a face value of ₹ 2 each fully paid up. The same has been approved by shareholders by way of a resolution passed through postal ballot (including remote e-voting) on January 06, 2023.
Shares of Shreeji Translogistics were trading at ₹ 425.15 apiece at 12:40 PM on Wednesday. They have given multibagger returns of 117.36% in the past year. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.17 lakhs today.
The company’s shares were trading at ₹ 47.50 levels in November 2021. They have gained 795% since then, to trade at the current levels. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares in November 2021, the value of their holdings would have been ₹ 8.95 lakhs today!
Shreeji Translogistics has an excellent return on equity of 32.35%. Its debt-to-equity ratio is slightly high at 1.15. Currently, its shares are trading at a price-to-earnings ratio of 45.20, which is significantly higher than the industry average of 13.65, indicating that the stock might be
overvalued or that investors are willing to pay a higher price for its future earnings.
Written by Karan N
