50 Per Cent From 52-Week Low: Storage Rack Company bags 2 orders worth Rs 58,23,310.02 In Just 1 Day From Zepto & Autobahn Trucking Corporation
The stock is up over 50 per cent from its 52-week low of Rs 151 per share and has given multibagger returns of 377 per cent since listing in July 2023.
Alphalogic Industries Limited has secured multiple orders for the design, manufacture, supply, and installation of Storage Racking Systems. Notably, Autobahn Trucking Corporation Pvt Ltd. has awarded a contract worth Rs 28,82,439 for their Kolhapur unit. Additionally, Kiranakart Technologies Private Limited (popularly known as Zepto) has commissioned projects for their Indore and Pune units, valued at Rs 29,40,871.02. All these domestic contracts are scheduled for completion within the current quarter. These orders underscore Alphalogic's expertise in providing comprehensive storage solutions and its strong position in the domestic market.
Earlier, the company secured multiple orders for the design, manufacture, supply, and installation of Storage Racking Systems. Blink Commerce Private Limited (popularly known as "Blinkit") has awarded a contract worth Rs 44,70,158.27 (inclusive of GST) for their units in Chennai, Rangareddy, and Raipur. Additionally, Kinetic Watts & Volts Limited has placed an order valued at Rs 24,91,522.80 (inclusive of GST) for their facility in Ahmednagar. Both orders are domestic contracts and are expected to be executed within the current quarter.
Alphalogic Industries Ltd., founded in 2020, is a leading provider of innovative storage and warehouse solutions. The company specializes in designing and manufacturing state-of-the-art industrial storage systems, including double deep pallet racks, mobile compactor systems, selective rack systems, mezzanine floors, and various shelving solutions. Backed by certifications like ISO 14001:2015 and BIFMA, Alphalogic ensures quality and efficiency in its products.
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The company's services extend beyond product offerings, encompassing consultancy, design, installation, and after-sales support. Alphalogic caters to a wide range of industries, including automotive, food, logistics, engineering, pharmaceutical, educational, IT, and retail. Their impressive client list includes renowned companies such as Mahindra, Baskin & Robbins, Saint Gobain, Shoppers Stop, Swiggy, Rent Mojo, Bridgestone, Aditya Birla Grasim, Wilo, Haldiram, Kalyani and Bajaj Finserv.
The company has a market cap of Rs 234.35 crore. The stock has an ROE of 21 per cent and an ROCE of 24 per cent. The stock is up over 50 per cent from its 52-week low of Rs 151 per share and has given multibagger returns of 377 per cent since listing in July 2023. Investors should keep an eye on this SME stock.
Disclaimer: The article is for informational purposes only and not investment advice.