Rs 1,500 Crore Order Book: Logistic Penny Stock Under Rs 100 Bags Order Worth Rs 70 Crore from Bharat Aluminium Company Ltd
The stock is up by 29.5 per cent from its 52-week low is Rs 65.10 per share.
On Thursday, shares of Western Carriers (India) Ltd surged 2.34 per cent to an intraday high of Rs 84.32 per share from its previous closing of Rs 82.39 per share. The stock’s 52-week high is Rs 177 per share and its 52-week low is Rs 65.10 per share. The shares of the company saw a spurt in volume by more than 4 times on the BSE.
Western Carriers (India) Limited has secured a significant Consolidated Finished Goods Material Handling Contract from Bharat Aluminium Company Limited, a domestic entity. This contract, valued at approximately Rs 70 crore (including taxes), involves material handling, loading and unloading, stacking, and transportation with shifting. The work order is to be executed over a period of 36 months, highlighting a substantial and long-term engagement for Western Carriers.
Earlier, the company received a work order from Shriram Alkali & Chemicals (A Unit of DCM Shriram Ltd), a domestic entity, for the rake transport of CSL to Vedanta Lanjigarh. This contract, with an approximate value of Rs. 23 crore, is to be executed within a period of one year.
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Incorporated in March 2011, Western Carriers (India) Limited is a multi-modal, rail-focused, 4PL asset-light logistics company. They provide a comprehensive suite of 3PL/4PL services, including courier services, air freight, water freight, warehousing, project logistics, and road/rail transport. Their value-added services cover the entire supply chain, from production to customs clearance and multimodal transport, ensuring tailored logistics solutions. Operating on an asset-light model, they selectively own assets only for unique customer needs that cannot be met by third-party providers.
The company has a market cap of over Rs 800 crore and its order book stands at Rs 1,500 crore. The stock is up by 29.5 per cent from its 52-week low is Rs 65.10 per share. The shares of the company has a PE of 11x whereas the industry PE is 25x with an ROE of 22 per cent and an ROCE is 22 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.