Logistics Penny Stock Under Rs 30: Company Reports Net Sales of Rs 329 Crore and Net Profit of Rs 10 Crore
The stock is up by 38 per cent from its 52-week low of Rs 18.31 per share and has given multibagger returns of 370 per cent in 5 years.
On Thursday, shares of North Eastern Carrying Corporation Ltd gained 1.60 per cent to Rs 25.25 per share from its previous closing of Rs 24.86 per share. The stock’s 52-week high is Rs 44.44 per share while its 52-week low is Rs 18.31 per share.
Established in 1984, North Eastern Carrying Corporation Ltd (NECCL) is a leading Indian transportation company offering extensive freight-forwarding, logistics, and goods transport services. With over 250 branches and advanced ERP software, NECCL efficiently manages diverse transportation needs, from small parcels to large-scale projects, including specialised and bulk movements, and warehousing solutions. They've built strong partnerships with major corporations like Bajaj Auto and ITC Ltd, consistently delivering reliable supply chain solutions. NECCL is expanding its capabilities by constructing a new 183,000 sq. ft. warehouse near Gurugram and investing in SG Green Logistics and electric vehicles, emphasising sustainability and innovation to secure market leadership and promote a greener logistics sector.
According to Quarterly Results, the company reported net sales of Rs 88.10 crore in Q4FY25 compared to net sales of Rs 91.84 crore in Q4FY24. The company reported a net profit of Rs 1.76 crore in Q4FY25 compared to Rs 2.86 crore in Q4FY24. In its annual results, the company reported net sales of Rs 329 crore in FY25 compared to net sales of Rs 335 crore in FY24. The company reported a net profit of Rs 10 crore in FY25 compared to Rs 8 crore in FY24, an increase of 20 per cent.
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Earlier, the Company was awarded a contract from Tata Steel Limited (TSL) for transportation of Steel Products (Coils/Sheets/Tubes) from TSL Sahibabad to various destinations through EV (Electric Heavy Vehicles) for 5 (Five) years and may be extended or renewed for a further period of one year on mutual consent. This is the company’s first massive EV logistics contract. Further, the Company has been committed to exploring more opportunities in EV logistics.
The company has a market cap of Rs 236 crore and promoters hold a 54.19 per cent stake. The stock is up by 38 per cent from its 52-week low of Rs 18.31 per share and has given multibagger returns of 370 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.