Strategic Board Appointments Signal Growth Ambitions for Leading Air Cargo Firm
With a PE ratio of 51.7x, the company trades at a premium compared to the industry PE of 30.1x. The company has ROCE of 36.6 per cent and ROE of 28.5 per cent.
AFCOM Holdings Limited, a prominent player in the air cargo transportation industry, has announced significant changes to its Board of Directors. The company has appointed Mr. Sudhir Deoras and Ms. Arundhati Mech as Independent Directors, aiming to enhance its corporate governance and strategic oversight. Mr. Deoras brings over 40 years of experience from the Tata Group, with expertise in mergers and acquisitions, having notably increased market capitalization fourfold during his tenure at TRF. Ms. Mech, with 35 years at the Reserve Bank of India, specializes in banking regulation and compliance, having led significant initiatives during her career. These appointments reflect AFCOM's commitment to sustainable growth and global expansion, as Capt. emphasised. Deepak Parasuraman, the company's Chairman and Managing Director. The company is poised to leverage the extensive experience of these new directors to explore new market opportunities and enhance operational efficiencies.
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AFCOM Holdings Limited, established in 2013, is a leader in the air cargo transportation sector. The company, founded by Capt. Deepak Parasuraman, offers a wide range of cargo solutions across ASEAN countries, including General Cargo, Flying Fresh, and Flying Pharma. Its fleet consists of two Boeing 737-800 BCF aircraft, ensuring efficient cargo handling. AFCOM has partnered with TT Aviation Handling Services for enhanced last-mile connectivity.
In the fiscal year 2024, AFCOM reported a total income of Rs 148.18 crore, an EBITDA of Rs 36.37 crore, and a PAT of Rs 25.44 crore. The company's stock is currently priced at Rs 667.9, with a market capitalization of Rs 1,630.67 crore. Despite a 52-week high of Rs 1,268.95, the stock has not shown returns over the past year. The company's PE ratio stands at 62.82.
As of September 2024, the shareholding pattern stands as follows: Promoters hold 42.73 per cent, Foreign Institutional Investors (FIIs) hold 3.51 per cent, Domestic Institutional Investors (DIIs) hold 0.90 per cent, and the public holds 52.87 per cent.
With a PE ratio of 51.7x, the company trades at a premium compared to the industry PE of 30.1x. The company has ROCE of 36.6 per cent and ROE of 28.5 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.