2,300 per cent returns: This multibagger small-cap company enters into a joint venture for vessel operations!
The shares of the company have a PE of 17.10x, a ROE of 41.90 per cent and a ROCE of 28.10 per cent.
Lancer Containers Lines Ltd informed that Lancia Shipping LLC (Dubai Based out), the 100 per cent wholly owned foreign subsidiary of the company is entering into a Joint Venture (JV) Agreement for vessel operations with entities located in Dubai, Also Lancia Shipping LLC is acquiring business set up in Dubai which is into freight forwarding & 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 900 crore with a 5-year stock price CAGR of 75 per cent.
According to the financials, the company reported excellent numbers in its Quarterly Results and annual results. The net sales increased by 30.37 per cent to Rs 837 crore and net profit increased by 86.21 per cent to Rs 54 crore in FY23 compared to FY22.
On Tuesday, shares of Lancer Containers Lines Ltd surged 0.37 per cent to Rs 150 per share from its previous closing of Rs 149.45. The stock has a 52-week high of Rs 258.98 and a 52-week low of Rs 109.50.
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The shares of the company have a PE of 17.10x, a ROE of 41.90 per cent and a ROCE of 28.10 per cent. The stock is up by 33 per cent in 1 year, 510 per cent in 2 years and over 2,300 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.