671 per cent returns: Micro-Cap multibagger company explores new opportunities and starts a journey to become debt-free!
From Rs 1.73 per share to Rs 13.35 per share, the stock gave multibagger returns of 671.67 per cent returns in just 3 years.
Accuracy Shipping Limited is a logistics company that offers a wide range of services to meet various transportation needs. They have a vast and well-established network that allows them to provide hassle-free services to their customers.
The company caters to a diversified industry and is focused on accelerating growth by exploring new opportunities and integrating backwards and forward in its logistics process. They aim to become an "End-to-End Logistics Player" and benefit from their large-scale presence across the value chain.
The company has a strong presence in India with 14 offices and more than 60 agency agreements worldwide to cater to the increasing logistical needs of cross-border transactions. As a leading logistics solution provider, they offer their customers the benefits of expertise and experience, ensuring a complete and highly competitive range of services that add value to every link in the supply chain.
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According to the consolidated annual financial statements, the net sales skyrocketed 120 per cent and net profit skyrocketed 200 per cent in FY22 over FY21. The company is expected to report good quarter results (Q4) and annual results (FY23).
The stock has a ROE of 21 per cent and a ROCE of 23 per cent. The shares of the company traded ex-split on February 15, 2023, a sub-division of one equity share of Rs 10 each into 10 equity shares of Rs 1 each.
Today, shares of Accuracy Shipping Limited zoomed 6.80 per cent to Rs 13.35 per share from its previous closing of Rs 12.50. The stock has a 52-week high of Rs 30.30 and a 52-week low of Rs 12.10 per share.
From Rs 1.73 per share to Rs 13.35 per share, the stock gave multibagger returns of 671.67 per cent returns in just 3 years. Investors should keep an eye on this micro-cap stock.