50 Per Cent From 52-Week Low: Storage Rack Company Won Order worth Rs 25,37,000 From NTEx Transportation Services Pvt Ltd
The stock is up over 50 per cent from its 52-week low of Rs 151 per share and has given multibagger returns of 378 per cent since listing in July 2023.
Alphalogic Industries Limited has won a significant contract from NTEx Transportation Services Private Limited to design, manufacture, supply, and install a Storage Racking System for their facilities in Mumbai, Thane, and Amravati, Maharashtra. This domestic contract, valued at Rs 25,37,000 inclusive of GST, is expected to be completed within the current quarter.
Earlier, the company 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.
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 378 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.