This small-cap logistics company delivered over 1000% returns to its shareholders in the last two years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 12.5 lakh today.

Lancer Container Lines Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price has jumped from Rs 12.82 on 16 March 2021 to Rs 160 on 15 March 2023, an increase of 1150% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 12.5 lakh today.

Recent performance highlights  

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 11.50% YoY to Rs 177 crore. Similarly, the bottom line increased by 63% YoY to Rs 13.6 crore.

The company is currently trading at a TTM PE of 18.10x, as against the industry PE of 27.5x. In FY22, the company delivered an ROE & ROCE of 49% and 51%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 967.94 crore.

Share price movement

Today, the scrip opened at Rs 160 and has touched a high and low of Rs 161 and Rs 153.75, respectively. So far 2,311 shares have been traded on the bourses.

At 12.50 pm, the shares of Lancer Container Lines Ltd were trading at Rs 154.65, a decrease of 3.34% from the previous day’s closing price of Rs 160 on BSE. The stock has a 52-week high & low of Rs 258.98 and Rs 79.10 respectively on BSE.

Company Profile  

Lancer Container Lines Ltd is one of the leading integrated Shipping and Logistics solution providers in India. The company has strong associates in India, the Indian subcontinent, South East Asia, the Far East, the MENA region, and CIS Countries. The company also offers shipping and shipping-related services like project & freight forwarding, container trading & leading. It also provides end-to-end logistic solutions that meet the diverse shipping need of our customers under one roof.