2,900 per cent returns in this multibagger stock; Board announces bonus shares after stock split!

The shares of the company have an ROE of 41.90 per cent and a ROCE of 28.10 per cent and gave multibagger returns of over 2,900 per cent in 3 years.

Lancer Container Lines Ltd., a leading integrated and logistics solution provider in India, has announced that Board has approved and recommended bonus shares in the ratio of 2:1, i.e., 2 bonus shares for every 1 share held as of the record date decided for this purpose, subject to the approval of the members in the Annual General Meeting and appropriate authorities.

Previously, the company announced a stock split from a face value of Rs 10 to a face value of Rs 5. The ex-split date was December 16, 2023.

The company further reported on its earnings for the quarter ended 30 June 2023. On a consolidated basis, the company reported Revenue from Operations at Rs 164.25 crore. Operating profit stood at Rs 28 crore, an increase of 33.33 per cent QoQ. Profit After Tax (PAT) was reported at Rs 14.11 crore, a growth of 23 per cent QoQ.

Earlier, the company had announced that Lancia Shipping LLC (Dubai), a 100 per cent wholly owned foreign subsidiary of Lancer Container Lines Ltd., has entered into a Joint Venture (JV) agreement for vessel operations with entities located in Dubai, UAE. Lancia Shipping LLC will also acquire a business set up in Dubai that is into freight forwarding and liner operations.

Lancer Container Lines Ltd is in the business of shipping and logistics services in India and abroad. The company has a market cap of over Rs 1,300 crore with a 5-year stock price CAGR of 92 per cent.

On Friday, shares of Lancer Containers Lines Ltd surged 2.80 per cent to Rs 218.15 per share from its previous closing of Rs 212.20 with an intraday high of Rs 226 and an intraday low of Rs 207.90. The stock has a 52-week high of Rs 258.98 and a 52-week low of Rs 117.58. The shares of the company saw a spurt in volume by more than 1.39 times on BSE.

The shares of the company have an ROE of 41.90 per cent and a ROCE of 28.10 per cent. The stock is up by 65 per cent in 1 year, 775 per cent in 2 years and over 2,900 per cent in 3 years. Investors should keep an eye on this Small-Cap multibagger stock.

Disclaimer: The article is for informational purposes only and not investment advice.