Allcargo Logistics Ltd. – Built-in Logistics Participant
Allcargo Logistics Ltd (ALL) is an built-in logistics service supplier and operates in a number of enterprise segments – MTO (Multimodal Transport Operations), CFS (Container Freight Options)/ICD (Inland Container Depot), P&E (Venture & Engineering), Contract logistics, and Logistics Parks (LPs) during which it has forayed lately. Integrated in 1993, as a freight-forwarding agent, ALL turned a multimodal transport operator in 1998 by providing logistics companies similar to consolidation of LCL (Lower than Container Load) and full-container load cargo for exporters and importers. In 2006, the corporate acquired ECU Worldwide, which is among the world’s largest gamers within the LCL phase. ALL can be current in last-mile supply.
Allcargo’ finish to finish options for logistics companies, market chief standing within the LCL and CFS phase and the long-standing consumer relationship are the optimistic drivers of the corporate. Therefore, we advocate a BUY score within the inventory with the goal worth (TP) of Rs.490, 14x FY24E EPS.
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