Synopsis: The article discusses how the shares of Timescan Logistics (India) Ltd surged by 5% after the company's board announced a record date for a 1:1 bonus issue. It highlights the company's financial performance, including revenue and net profit, along with its current shareholding pattern. Additionally, it provides an overview of the services offered by Timescan Logistics (India) Ltd.
Shares of Timescan Logistics (India) Ltd surged by 5% to Rs 132.90 per share, hitting the upper circuit, following the company's board announcement of setting a record date for a 1:1 bonus issue. This move aims to reward existing shareholders and enhance market liquidity.
The company's market capitalization reached Rs 46.44 crore, with its shares trading at Rs 132.90, marking a significant increase from the previous closing price of Rs 126.60. The board has scheduled May 17, 2024, as the record date and approved the issuance of bonus shares in a 1:1 ratio, signaling confidence in its future prospects.
Timescan Logistics (India) Ltd has demonstrated steady financial performance, with revenue growing by 10% from Rs 87 crore in H2FY23 to Rs 96 crore in H1FY24. However, net profit saw a marginal decline from Rs 2 crore to Rs 1 crore during the same period.
Despite the slight profit dip, the company's profitability metrics, including return on equity (RoE) and return on capital employed (RoCE), exhibited positive trends. RoE increased from 22.18% to 22.44% in FY 22-23, while RoCE rose from 31.22% to 31.72%. However, the net profit margin (NPM) stood at 1.83% in fiscal year 22-23.
In terms of shareholding pattern, promoters hold 72.94% of the company's shares, while retail shareholders and domestic institutional investors own 27.03% and 0.03% stakes, respectively.
Timescan Logistics (India) Limited, known for its warehousing, freight transportation, and logistical solutions, caters to diverse needs in the logistics sector, offering services such as freight forwarding, customs clearing, and warehousing.
Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Related Questions
1. What triggered the surge in Timescan Logistics (India) Ltd's stock price?
The surge in Timescan Logistics (India) Ltd's stock price was triggered by the company's board announcement of setting a record date for a 1:1 bonus issue.
2. What is the significance of the record date announced by Timescan Logistics (India) Ltd's board?
The record date announced by Timescan Logistics (India) Ltd's board signifies the date when existing shareholders will be eligible for the 1:1 bonus issue.
3. How does Timescan Logistics (India) Ltd's financial performance compare between H2FY23 and H1FY24?
Timescan Logistics (India) Ltd's revenue increased by 10% from H2FY23 to H1FY24, while its net profit saw a slight decrease during the same period.
4. What are the major profitability metrics highlighted in Timescan Logistics (India) Ltd's financial performance?
The major profitability metrics highlighted in Timescan Logistics (India) Ltd's financial performance include return on equity (RoE) and return on capital employed (RoCE).
5. What is the current shareholding pattern of Timescan Logistics (India) Ltd?
As per the current shareholding pattern, promoters own 72.94%, retail shareholders own 27.03%, and domestic institutional investors own 0.03% of Timescan Logistics (India) Ltd.
6. What are the key services offered by Timescan Logistics (India) Ltd?
Timescan Logistics (India) Ltd offers a range of services, including warehousing, freight transportation, project cargo, freight forwarding, customs clearing, and warehousing.
