Buy Allcargo Logistics; target of Rs 445: BP Equities

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26 Aug, 2025 12:21

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Kotak Securities' report on Allcargo Logistics

"Allcargo has a strong presence in NVOCC business through wide network of ECU Line and also has a strong hold on domestic MTO business. Considering favorable economic growth and expectation in increasing demand scenario, we expect utilization rate of CFS and P&E segment to increase. At CMP, the stock is trading at 10.5x to FY17 earning estimates. This company is not directly comparable with other domestic logistic players as Allcargo has its major business exposure in LCL consolidation business, while other players such as Concor and Gateway Distriparks (GDL) have no presence in LCL business. Concor is a leader in railway Logistic space and GDL is a leader in private railway logistics. Therefore, we have valued the stock on the basis of DCF method and arrived at the target price of Rs 445 per share. We have a Buy rating on this stock for 18-24 horizon with potential upside of 46% from current level", says BP Equities research report.

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