50 Per Cent From 52-Week Low: Storage racking system manufacturer bags new order worth Rs 53,92,882.54 from Blinkit
The stock is up over 50 per cent from its 52-week low of Rs 151 per share and gave multibagger returns of 385 per cent since listing in July 2023.
Alphalogic Industries Limited announced that the company has secured a significant order from Blink Commerce Private Limited (popularly known as "Blinkit"). This order entails the design, manufacture, supply, and installation of a Storage Racking System for their units located in Surat (Gujarat), Kakkanad (Kerala), Rajakipakkam (Tamil Nadu), and Pune (Maharashtra). The order, awarded by a domestic entity, is valued at Rs 53,92,882.54 (Fifty-Three Lakhs Ninety Two Thousand Eight Hundred Eighty Two Rupees and Fifty Four Paisa), inclusive of GST. The company is committed to executing this project 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 Racking, Mobile Compactor Systems, Selective Racking 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 237 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 gave multibagger returns of 385 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.