Multibagger update: This logistics business generated over 600 per cent returns in less than two years!

The company has delivered a good quarterly result; it witnessed decent profit growth of 66.3 per cent CAGR over the last five years.

NSE-listed Accuracy Shipping Limited, which is a one-stop solution for all logistics requirements, is now focussing on customised supply chain solutions and tech-based operations.

The company has delivered a good quarterly result; it witnessed decent profit growth of 66.3 per cent CAGR over the last five years. The profit after tax was also seen increasing along with the net profit. The company has furnished a good RoCE number of 18 per cent. The shares of Accuracy Shipping have rallied almost 19 per cent in the past five trading sessions. Regarding its one-year returns, the shares of Accuracy Shipping have appreciated nearly 75 per cent. The stock was listed at a price of Rs 31.25 per share in December 2020. Since then, it has skyrocketed by almost 668 per cent within a period of just two years! 

Accuracy Shipping Limited offers third-party logistics services. It offers customised and end-to-end logistics solutions & services including transportation distribution, freight forwarding, clearing and forwarding services, and custom house clearance. With the help of its vast and well-settled network throughout India, the company is able to provide its customers hassle-free services across the board. The business got out to a humble start with a very clear goal in mind i.e. to provide its clients with the best-possible customs clearing services.