Karvy's reseacrh report on Allcargo LogisticsThe company has become the second largest LCL consolidator by acquiring ECU line in 2006. Since then, the company has been expanding its foot prints in different geographies and has set up 200 plus offices across 90 countries covering over 4000 port pairs.Considering the reducing debt and higher cash flow from operation, we value the stock at 8.5x EV/EBITDA of FY18E EBITDA to arrive at a target price of Rs. 435, representing an upside potential of 25% in 12-15 months time frame. At CMP of Rs.347, the stock is trading at EV/EBITDA of 4.3x of FY18E.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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