High ROE and High ROCE stock: This micro-cap company reports a 149 per cent jump in revenue; do you own it?
The stock has a ROE of 191.65 per cent and a ROCE of 264.39 per cent.
Transvoy Logistics India Limited is engaged in the business of integrated logistics solutions, announced its standalone and consolidated financial statements as of March 31, 2023:
Standalone Results: The revenue increased by 22.66 per cent to Rs 6.90 crore in H2FY23 over H2FY22. The company reported a net profit of Rs 1 crore in H2FY23 compared to a net loss of Rs 0.29 in H2FY22. The revenue increased by 149.03 per cent to Rs 12.53 crore and the net profit increased by 6.44 per cent to Rs 6.16 crore in FY23 over FY22.
Consolidated Results: The revenue increased by 21.10 per cent to Rs 7.17 crore in H2FY23 over H2FY22. The company reported a net profit of Rs 0.90 crore in H2FY23 compared to a net loss of Rs 0.27 in H2FY22. The revenue increased by 126.81 per cent to Rs 13.09 crore and the net profit increased by 0.05 per cent to Rs 6.30 crore in FY23 over FY22.
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Transvoy Logistics India operates primarily in India along with expanding to different parts of the world including Sri Lanka, China, Malaysia, the Middle East, and Singapore.
On Friday, shares of Transvoy Logistics India plummeted by 3.97 per cent to Rs 75 per share from its previous closing of Rs 78.10. The stock has a 52-week high of Rs 113.50 and a 52-week low of Rs 57.50. The stock has a PE of 29x, a ROE of 191.65 per cent and a ROCE of 264.39 per cent.
Investors should keep an eye on this micro-cap stock under the radar.