*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 11.05.2020
NAVKAR CORPORATION LTD
CMP 24 ENTRY 22TO 20 STOPLOSS 15 TARGET 150++ TIME: 36 MONTHS
Navkar Corporation Limited is CFS operator in India with three CFSs,
Ajivali CFS I and Ajivali CFS II at Ajivali and Somathane CFS at Somathane,
which are strategically located in Panvel, Maharashtra with an aggregate
installed capacity of 5,35,000 TEUs per annum.Company is having ICD (Inland
Container Deport) facility at Tumb (Umbergaon, Valsad,Gujarat) with an
aggregate installed capacity of 5,00,000 TEUs per annum. The Company has a PFT
-Private Railway Freight Terminal (with 3 tracks) at Somathane and PFT (with 4
tracks) at Tumb. Company is having 940 plus trailers in its equipment bank.
The Company's equity is Rs.150.52 crore while company has reserve of
around Rs.1625 crore. With a share book value of Rs.117.96, its P/BV ratio
works out to just 0.20x.Promoters hold 69.03%, Mutual Funds hold 7.70% (Nippon small cap fund hold 6.36%),Investor Mukul Agarwal hold 1.55% while investing public hold 21.72% stake in the company.
For Q3FY20, NCL posted 64% higher PAT of Rs.15.07 crore on 17%
higher of Rs.144.25 crore and an EPS of Rs.1. In 9MFY20, it posted a PAT of
Rs.36.60 crore on sales of Rs.411.24 crore with an EPS of Rs.2.43. On income front, it has reported 94.59% CAGR growth in last 10
years and on PAT front, it has reported 78.76% CAGR growth in last 10 years.At CMP, NCL trades at P/E ratio of just 7.7x and is available at
90.44% discount to its recent high of Rs.247. Company
has never reported loss in any quarter post its listing in September 2015.
Company came with an IPO at Rs.155 per share in August 2015 and raised money again
with QIP issue at Rs.183 per share in 2017
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