Cargotrans Maritime Ltd - Stock Valuation and Financial Performance

BSE: 543618 | NSE: | Logistics | Small Cap

Cargotrans Maritime Share Price

51 -2.01 -3.79%
as on 28-Mar'24 16:01

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Cargotrans Maritime stock performance -

mw4me loader
P/E Ratio (SA):
10.48
Market Cap:
20.8 Cr.
52-wk low:
50.8
52-wk high:
109

Is Cargotrans Maritime Ltd an attractive stock to invest in?

1. Is Cargotrans Maritime Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cargotrans Maritime Ltd is a below average quality company.

2. Is Cargotrans Maritime Ltd undervalued or overvalued?

The key valuation ratios of Cargotrans Maritime Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Cargotrans Maritime Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cargotrans Maritime Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cargotrans Maritime:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cargotrans Maritime Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.6%26.2%32.7%20.3%-
Value Creation
Index
-0.20.91.30.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20.446.28569.670
Sales YoY Gr.-126.7%83.8%-18.1%-
Adj EPS 1.14.17.14.94.9
YoY Gr.-283.3%70.3%-30.8%-
BVPS (₹) 7.910.517.571.935.5
Adj Net
Profit
0.31.22.122
Cash Flow from Ops. 000-2.6-
Debt/CF from Ops. 000-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA50.6%-18.1%
Adj EPS NANA65.3%-30.8%
BVPSNANA108.9%311.5%
Share Price - - - -27.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.645.150.5239.1
Op. Profit
Mgn %
4.65.44.24.3NAN
Net Profit
Mgn %
1.62.72.52.92.9
Debt to
Equity
1.11.10.40-
Working Cap
Days
05035520
Cash Conv.
Cycle
01613140

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 50.57%

Net Profit is growing at healthy rate in last 3 years 65.32%

Return on Equity has declined versus last 3 years average to 9.10%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Cargotrans Maritime Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 5.7
TTM Sales (₹ Cr.) 69.6 74.3
BVPS (₹.) 35.5 37
Reserves (₹ Cr.) 10 11
P/BV 1.44 1.38
PE 10.48 8.88
From the Market
52 Week Low / High (₹) 50.75 / 109.00
All Time Low / High (₹) 52.75 / 136.05
Market Cap (₹ Cr.) 20.8
Equity (₹ Cr.) 4.1
Face Value (₹) 10
Industry PE 33.5

Management X-Ray of Cargotrans Maritime:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Cargotrans Maritime

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales20.3946.2384.9869.61
Operating Expenses 19.4643.7281.3866.65
Manufacturing Costs17.7441.1177.9762.55
Material Costs0000
Employee Cost 1.201.682.272.73
Other Costs 0.510.931.141.37
Operating Profit 0.932.513.612.97
Operating Profit Margin (%) 4.5%5.4%4.2%4.3%
Other Income 000.030.13
Interest 0.280.350.250.03
Depreciation 0.220.500.560.41
Exceptional Items 0000
Profit Before Tax 0.431.652.822.65
Tax 0.110.410.700.66
Profit After Tax 0.321.242.121.98
PAT Margin (%) 1.6%2.7%2.5%2.9%
Adjusted EPS (₹)1.14.17.111.8
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2.373.155.2412.08
Share Capital 0.600.600.601.68
Reserves 1.772.554.6410.40
Minority Interest0000
Debt2.523.342.290.20
Long Term Debt2.523.342.290.20
Short Term Debt0000
Trade Payables1.423.612.835.73
Others Liabilities 0.060.040.170.11
Total Liabilities 6.3710.1310.5318.12

Fixed Assets

Gross Block1.482.382.742.83
Accumulated Depreciation00.941.511.89
Net Fixed Assets1.481.441.230.94
CWIP 0000
Investments 0.020.020.124.40
Inventories0000
Trade Receivables3.226.146.537.64
Cash Equivalents 0.240.560.941.10
Others Assets1.411.971.714.05
Total Assets 6.3710.1310.5318.12

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 000-2.58
PBT 0001.32
Adjustment 0000.94
Changes in Working Capital 000-4.84
Tax Paid 0000
Cash Flow From Investing Activity 000-0.03
Capex 000-0.12
Net Investments 000-0.04
Others 0000.13
Cash Flow From Financing Activity 0002.77
Net Proceeds from Shares 0004.86
Net Proceeds from Borrowing 0000
Interest Paid 0000
Dividend Paid 0000
Others 000-2.09
Net Cash Flow 0000.16
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.4945.0450.4822.92
ROCE (%)14.4735.3143.8227.08
Asset Turnover Ratio3.25.68.234.86
PAT to CFO Conversion(x)000-1.3
Working Capital Days
Receivable Days58372737
Inventory Days0000
Payable Days0000

Cargotrans Maritime Ltd Stock News

Cargotrans Maritime Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cargotrans Maritime on 28-Mar-2024 16:01 is ₹51.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Cargotrans Maritime stood at ₹20.81.
The latest P/E ratio of Cargotrans Maritime as of 28-Mar-2024 16:01 is 10.48.
The latest P/B ratio of Cargotrans Maritime as of 28-Mar-2024 16:01 is 1.44.
The 52-week high of Cargotrans Maritime is ₹109.0 and the 52-week low is ₹50.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cargotrans Maritime is ₹69.61 ( Cr.) .

About Cargotrans Maritime Ltd

The company was incorporated as “Cargotrans Maritime Private Limited” under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated April 16, 2012 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, the company was converted from private limited to public limited, pursuant to a special resolution passed by the shareholders of its Company on June 01, 2022 and the name of the Company was changed from “Cargotrans Maritime Private Limited” to “Cargotrans Maritime Limited” vide fresh certificate of incorporation dated June 06, 2022 issued by the Registrar of Companies, Ahmedabad, Gujarat.

The company offers top notch Custom Clearance, Freight Forwarding, Warehousing & Transport Services to its customers worldwide. It started the business of freight forwarding in 2012 and has, since then, consistently grown its presence, enhanced the scope of services and increased its capabilities and expertise. In October, 2019, the company acquired 100% stake in Cargotrans Maritime Agencies (CMAPL) and Cargotrans Maritime Forwarding (CMFPL) to enter into the segment of custom house agent service and coastal transportation (i.e. transport of goods through sea within India). It has a Multi-Modal Transport Operator’s License, which enable it to issue a single negotiable multimodal transport document covering multiple modes of transport and position itself as an independent player in this field thus strengthening its revenue model. It also undertake work related to regulatory compliance services such as customs clearance, through CMAPL, which owns a valid Custom House Agent’s License.

The registered office of the Company is situated at Gandhidham, Gujarat and it has two branch offices at Ahmedabad & Rajkot and two port offices at Mundra and Pipavav. As on date of Prospectus, the company operates at 4 sea ports of Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, it operate a fleet of 9 owned commercial trailers for moving containers and apart from this it also hire third party transport operators to meet the shipping demand of its customers. Its customers operate in various sectors, including food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles etc.  The company is led by experienced Promoters with significant experience in the logistics industry. Its Promoters and Directors, Edwin Alexander, Manju Edwin and B Chandershekhar Rao possess an experience of around 20 years, 10 years and 25 years respectively in the logistics industry. Under their leadership, it has witnessed multi-fold growth in terms of revenue and profitability. Its management is assisted by a team of qualified and experienced personnel’s who have helped the company to anticipate and capitalize on customers’ requirements, manage and grow its operations and leverage and deepen customer relationships.

Business area of the company

The company is an international logistics solutions provider with core business of providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, custom clearance, warehousing and other value added services to the clients.

Key Events

  • 2012:  Incorporation of the company as “Cargotrans Maritime Private Limited” under the Companies Act, 1956.
  • 2013-14: Crossed turnover of Rs 15 crore.
  • 2018-19: Crossed turnover of Rs 25 crore.
  • 2019-20: Formed Wholly owned Subsidiaries, Cargotrans Maritime Agencies (CMAPL) in July, 2019 and Cargotrans Maritime Forwarding (CMFPL) in August, 2019.
  • 2021-22: Crossed turnover of Rs 85 crore.
  • 2022: Conversion of Company from Private Limited to Public Limited.
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