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Allcargo Logistics: Gati acquisition to strengthen the domestic footprint

January 02, 2020 / 06:24 PM IST
Allcargo Logistics: Gati acquisition to strengthen the domestic footprint

Representative image

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Multimodal logistics company AllCargo Logistics has been delivering steady performance in recent quarters. The management has been investing aggressively to increase its domestic footprint. The company is nearing the completing of its logistics parks and the recent acquisition of Gati will further bolster its distribution network on a Pan-India basis. First half top line growth led by MTO segment  (image) For the half year ended September 2019, AllCargo’s revenues increased by 10 percent year-on-year (YoY) to Rs 3,688 crores. Multi-Modal Transport Operations...

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