Past 10 year's financial track record analysis by Moneyworks4me indicates that Cargotrans Maritime Ltd is a average quality company.
The key valuation ratios of Cargotrans Maritime Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.5% | 35.3% | 43.8% | 27.1% | 18.3% | - |
| Value Creation Index ⓘ | 0.0 | 1.5 | 2.1 | 0.9 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 20.4 | 46.2 | 85 | 69.6 | 61.7 | 62 |
| Sales YoY Gr. | - | 126.7% | 83.8% | -18.1% | -11.4% | - |
| Adj EPS ⓘ | 1.1 | 4.1 | 7.1 | 4.9 | 4.5 | 4.4 |
| YoY Gr. | - | 283.3% | 70.3% | -30.8% | -8.8% | - |
| BVPS (₹) ⓘ | 7.9 | 10.5 | 17.5 | 29.6 | 34 | 34 |
| Adj Net Profit ⓘ | 0.3 | 1.2 | 2.1 | 2 | 1.8 | 2 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | -2.6 | -5 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | -0.1 | -0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 10.1% | -11.4% | ||||
| Adj EPS ⓘ | NA | NA | 2.4% | -8.8% | ||||
| BVPSⓘ | NA | NA | 47.9% | 14.7% | ||||
| Share Price | - | - | - | 20% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.6 | 45.1 | 50.5 | 23 | 14 | 12.9 |
| Op. Profit Mgn % ⓘ | 4.6 | 5.4 | 4.2 | 4.3 | 4.1 | NAN |
| Net Profit Mgn % ⓘ | 1.6 | 2.7 | 2.5 | 2.9 | 2.9 | 2.9 |
| Debt to Equity ⓘ | 1.1 | 1.1 | 0.4 | 0 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 50 | 35 | 52 | 85 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 16 | 13 | 17 | 18 | 0 |
Sales growth is growing at healthy rate in last 3 years 10.10%
Return on Equity has declined versus last 3 years average to 12.90%
Net Profit has been subdued in last 3 years 2.44%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.4 | 5.1 |
| TTM Sales (₹ Cr.) | 61.7 | 67.7 |
| BVPS (₹.) ⓘ | 34 | 36.2 |
| Reserves (₹ Cr.) ⓘ | 10 | 11 |
| P/BV ⓘ | 2.61 | 2.45 |
| PE ⓘ | 20.33 | 17.37 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 50.75 / 103.00 |
| All Time Low / High (₹) | 50.75 / 136.05 |
| Market Cap (₹ Cr.) | 36.2 |
| Equity (₹ Cr.) | 4.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 40.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 20.39 | 46.23 | 84.98 | 69.61 | 61.70 |
| Operating Expenses ⓘ | 19.46 | 43.72 | 81.38 | 66.65 | 59.25 |
| Manufacturing Costs | 17.74 | 41.11 | 77.97 | 62.55 | 54.47 |
| Material Costs | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1.20 | 1.68 | 2.27 | 2.73 | 3.27 |
| Other Costs ⓘ | 0.51 | 0.93 | 1.14 | 1.37 | 1.51 |
| Operating Profit ⓘ | 0.93 | 2.51 | 3.61 | 2.97 | 2.45 |
| Operating Profit Margin (%) | 4.5% | 5.4% | 4.2% | 4.3% | 4.0% |
| Other Income ⓘ | 0 | 0 | 0.03 | 0.13 | 0.45 |
| Interest ⓘ | 0.28 | 0.35 | 0.25 | 0.03 | 0.22 |
| Depreciation ⓘ | 0.22 | 0.50 | 0.56 | 0.41 | 0.28 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.43 | 1.65 | 2.82 | 2.65 | 2.40 |
| Tax ⓘ | 0.11 | 0.41 | 0.70 | 0.66 | 0.62 |
| Profit After Tax | 0.32 | 1.24 | 2.12 | 1.98 | 1.78 |
| PAT Margin (%) | 1.6% | 2.7% | 2.5% | 2.9% | 2.9% |
| Adjusted EPS (₹) | 1.1 | 4.1 | 7.1 | 4.9 | 4.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2.37 | 3.15 | 5.24 | 12.08 | 13.86 | |||||
| Share Capital ⓘ | 0.60 | 0.60 | 0.60 | 4.08 | 4.08 | |||||
| Reserves ⓘ | 1.77 | 2.55 | 4.64 | 8 | 9.78 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 2.52 | 3.34 | 2.29 | 0.20 | 2.39 | |||||
| Long Term Debt | 2.52 | 3.34 | 2.29 | 0.20 | 2.39 | |||||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 1.42 | 3.61 | 2.83 | 4.62 | 3.46 | |||||
| Others Liabilities ⓘ | 0.06 | 0.04 | 0.17 | 1.23 | 0.94 | |||||
| Total Liabilities ⓘ | 6.37 | 10.13 | 10.53 | 18.12 | 20.65 | |||||
Fixed Assets | ||||||||||
| Gross Block | 1.48 | 2.38 | 2.74 | 2.83 | 2.73 | |||||
| Accumulated Depreciation | 0 | 0.94 | 1.51 | 1.89 | 2.06 | |||||
| Net Fixed Assetsⓘ | 1.48 | 1.44 | 1.23 | 0.94 | 0.68 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0.02 | 0.02 | 0.12 | 4.40 | 1.52 | |||||
| Inventories | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Receivables | 3.22 | 6.14 | 6.53 | 7.64 | 7.06 | |||||
| Cash Equivalents | 0.24 | 0.56 | 0.94 | 1.10 | 1.53 | |||||
| Others Assetsⓘ | 1.41 | 1.97 | 1.71 | 4.05 | 9.86 | |||||
| Total Assets ⓘ | 6.37 | 10.13 | 10.53 | 18.12 | 20.65 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 0 | -2.58 | -5.01 |
| PBT ⓘ | 0 | 0 | 0 | 1.32 | 1.17 |
| Adjustment ⓘ | 0 | 0 | 0 | 0.94 | 0.46 |
| Changes in Working Capital ⓘ | 0 | 0 | 0 | -4.84 | -6.64 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | -0.03 | 3.25 |
| Capex | 0 | 0 | 0 | -0.12 | -0.01 |
| Net Investments | 0 | 0 | 0 | -0.04 | 2.84 |
| Others ⓘ | 0 | 0 | 0 | 0.13 | 0.43 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 2.77 | 2.20 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4.86 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -2.09 | 2.20 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0.16 | 0.44 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.49 | 45.04 | 50.48 | 22.92 | 13.74 | |||||
| ROCE (%) | 14.47 | 35.31 | 43.82 | 27.08 | 18.32 | |||||
| Asset Turnover Ratio | 3.2 | 5.6 | 8.23 | 4.86 | 3.18 | |||||
| PAT to CFO Conversion(x) | 0 | 0 | 0 | -1.3 | -2.81 | Working Capital Days | ||||
| Receivable Days | 58 | 37 | 27 | 37 | 43 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | |||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | |||||
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
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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