Allcargo announces date for record bonus; stock gains 4%

Over the last one year stocks of Allcargo Logistics fell over 31 percent but has gained over 153 percent in the last 5 years.

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26 Aug, 2025 12:21

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Stocks of Allcargo Logistics were trading by nearly 2 percent higher at opening after the logistics company announced a 0.35 percent decline in LCL (Less-than-container Load) volumes for November 2023. By mid-day, the stock had gained 3.41 percent and was trading at Rs 281.70.

According to analysts, the gains may be due to the anticipation of an increase in freight rates resulting from a logistic bottleneck caused by the ongoing Suez Canal crisis. Additionally, the announcement of January 2nd as the record date for the 3:1 bonus may have also contributed to the rise in stock value.

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In a company update, Allcargo Logistics said that the volume for November 2023 was marginally down 0.35 percent compared to November 2022 and remained flat compared to October 2023. Demand, the update said continues to remain subdued reflecting a tough macroeconomic environment for global trade. The report also noted a major decline across key geographies of Americas, LATAM and Europe while witnessing some improvement in APAC led by China and India. Allstar Logistics has also acquired 51 percent shares in ECU Worldwide’s Middle East operating entity for 6.5 million AED, which they believe will strengthen the company’s position in the country.

Shipping lines, the report highlighted are expected to avoid the Red Sea under continued attacks which could lead to longer voyage times across the cape of Good Hope create disruptions in sailing schedules impact the cost of transit and lead to freight rate fluctuations in the near term.

In a regulatory filing, the company also said  that the Board of Directors of the Company had fixed Tuesday, January 2, 2024 as the Record
Date to ascertain the eligibility of shareholders for allotment of bonus shares.

Also read: Allcargo Consolidated September 2023 Net Sales at Rs 3,306.86 crore, down 37.61% Y-o-Y

Over the last one year stocks of Allcargo Logistics fell over 31 percent but have gained over 153 percent in the last 5 years. In Q2FY24, Allcargo Logistics reported a revenue of Rs 3,307 crore, a 35 percent decline from Q2FY23. EBITDA for the same period also fell 68 percent to Rs 118 crore. PAT for the quarter also fell to Rs 16 crore against Rs 195 crore in the previous fiscal.

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