Low PE with High ROE & ROCE, 1:1 Bonus Share: This SME Stock Under Rs 100 Hits 3 Days Back-to-Back Upper Circuits!
The company’s shares have delivered an impressive return of around 90 per cent to its shareholders.
Incorporated in 2006, Timescan Logistics (India) Ltd engages in providing customs clearance and surface logistics services, including goods transport and warehousing facilities. Today the company experienced a significant surge in its share price.
Read 1:1 Bonus Share & 10:1 Stock Split: Rahul Gandhi's Portfolio Grows from 260 Shares to 5200 Shares; Stock Hits Upper Circuit Today
Today, the share of Timescan Logistics (India) Ltd opened at Rs 69 per share, compared to the previous day's closing figure of Rs 66.35 per share on the NSE. The stock has attracted a heavy volume, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 48.67 crore, and the stock has generated a return of over 90 per cent in the past 2 years.
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Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, Timescan Logistics (India) Ltd recorded a revenue of Rs 106 crore. The operating profit for Q4 FY24 stood at Rs 3 crore. The net profit for Q4 FY24 was Rs 2 crore. Looking at the annual performance, the company generated a revenue of Rs 202 crore in FY24, compared to Rs 203 crore in FY23. The operating profit for FY24 was Rs 6 crore, with a net profit of Rs 4 crore.
Regarding the shareholding pattern of Timescan Logistics (India) Ltd, the promoters own 72.94 per cent of the company and the public or retail investors hold 27.03 per cent. FIIs purchased the company’s shares and currently, they hold a 0.03 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.