Cargotrans Maritime Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 12:33 pm

Market Cap	36.7 Cr.
Current Price	90.0
High / Low	103/50.8
Stock P/E	20.9
Book Value	36.9
Dividend Yield	0.00 %
ROCE	18.7 %
ROE	14.0 %
Face Value	10.0
PEG Ratio	-5.31

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Cargotrans Maritime Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Flomic Global Logistics Ltd	126 Cr.	69.4	88.0/61.0	29.7	24.1	0.00 %	8.64 %	5.18 %	10.0
DJ Mediaprint & Logistics Ltd	585 Cr.	180	212/42.7	83.8	11.0	0.04 %	19.0 %	16.2 %	10.0
Delhivery Ltd	26,188 Cr.	353	488/326	832	125	0.00 %	1.73 %	2.94 %	1.00
Chartered Logistics Ltd	120 Cr.	12.1	14.2/5.87	46.6	5.27	0.00 %	4.43 %	0.36 %	1.00
Cargotrans Maritime Ltd	36.7 Cr.	90.0	103/50.8	20.9	36.9	0.00 %	18.7 %	14.0 %	10.0
Industry Average	5,144.32 Cr	199.96		121.30	62.11	0.42%	9.90%	15.02%	6.81

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Sales	34.65	50.33	40.13	29.49	33.12	28.58
Expenses	32.56	48.81	37.94	28.72	31.50	27.74
Operating Profit	2.09	1.52	2.19	0.77	1.62	0.84
OPM %	6.03%	3.02%	5.46%	2.61%	4.89%	2.94%
Other Income	0.03	0.00	0.00	0.13	0.16	0.28
Interest	0.11	0.14	0.05	-0.02	0.04	0.18
Depreciation	0.28	0.29	0.21	0.21	0.14	0.15
Profit before tax	1.73	1.09	1.93	0.71	1.60	0.79
Tax %	24.86%	24.77%	25.39%	25.35%	25.62%	26.58%
Net Profit	1.30	0.82	1.45	0.54	1.20	0.58
EPS in Rs	21.67	13.67	4.83	1.32	2.94	1.42

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:48 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	14.97	27.90	20.38	46.03	84.85	69.61	61.66
Expenses	14.49	27.23	19.45	43.53	81.25	66.64	59.15
Operating Profit	0.48	0.67	0.93	2.50	3.60	2.97	2.51
OPM %	3.21%	2.40%	4.56%	5.43%	4.24%	4.27%	4.07%
Other Income	0.00	0.01	0.00	0.00	0.03	0.12	0.39
Interest	0.00	0.04	0.28	0.35	0.25	0.03	0.22
Depreciation	0.04	0.06	0.22	0.50	0.56	0.41	0.28
Profit before tax	0.44	0.58	0.43	1.65	2.82	2.65	2.40
Tax %	27.27%	27.59%	25.58%	24.85%	25.18%	25.28%	25.42%
Net Profit	0.33	0.43	0.32	1.24	2.12	1.98	1.78
EPS in Rs	5.50	7.17	5.33	20.67	35.33	4.85	4.36
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	30.30%	-25.58%	287.50%	70.97%	-6.60%	-10.10%
Change in YoY Net Profit Growth (%)	0.00%	-55.88%	313.08%	-216.53%	-77.57%	-3.50%

Cargotrans Maritime Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	17%
3 Years:	10%
TTM:	8%

Compounded Profit Growth
10 Years:	%
5 Years:	33%
3 Years:	13%
TTM:	1%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	23%

Return on Equity
10 Years:	%
5 Years:	24%
3 Years:	23%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:01 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.60	0.60	0.60	0.60	0.60	4.08	4.08	4.08
Reserves	0.74	1.24	1.77	2.55	4.64	8.00	9.78	10.96
Borrowings	0.00	0.62	2.52	3.34	2.29	0.20	2.39	4.21
Other Liabilities	1.35	1.74	1.48	3.66	3.07	5.93	4.50	4.65
Total Liabilities	2.69	4.20	6.37	10.15	10.60	18.21	20.75	23.90
Fixed Assets	0.25	0.38	1.48	1.44	1.23	0.94	0.68	0.61
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.02	0.02	0.12	4.40	1.52	2.29
Other Assets	2.44	3.82	4.87	8.69	9.25	12.87	18.55	21.00
Total Assets	2.69	4.20	6.37	10.15	10.60	18.21	20.75	23.90

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-0.03	1.88	-2.58	-5.01
Cash from Investing Activity +	-0.01	-0.45	-0.03	3.25
Cash from Financing Activity +	0.10	-1.05	2.77	2.20
Net Cash Flow	0.05	0.38	0.16	0.44

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	0.48	0.05	-1.59	-0.84	1.31	2.77	0.12

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	35.35	38.99	57.67	48.69	28.09	40.06	41.79
Inventory Days
Days Payable
Cash Conversion Cycle	35.35	38.99	57.67	48.69	28.09	40.06	41.79
Working Capital Days	7.07	22.24	56.42	35.21	22.15	29.84	72.99
ROCE %		32.63%	19.32%	35.15%	43.79%	27.16%	18.72%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Oct 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Promoters	73.53%	73.53%	73.53%	73.53%	73.53%
FIIs	0.15%	0.00%	0.00%	0.00%	0.00%
Public	26.32%	26.47%	26.47%	26.47%	26.47%
No. of Shareholders	331	213	273	307	318

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	5.11	5.74	39.38	19.17	4.59
Diluted EPS (Rs.)	5.11	5.74	39.38	19.17	4.59
Cash EPS (Rs.)	5.91	16.48	49.03	27.73	8.30
Book Value[Excl.RevalReserv]/Share (Rs.)	36.22	75.62	88.72	49.34	30.17
Book Value[Incl.RevalReserv]/Share (Rs.)	36.22	75.62	88.72	49.34	30.17
Revenue From Operations / Share (Rs.)	165.89	441.99	1492.39	823.46	342.99
PBDIT / Share (Rs.)	8.27	21.27	66.89	40.40	14.74
PBIT / Share (Rs.)	7.47	18.74	57.23	31.84	11.04
PBT / Share (Rs.)	6.90	18.54	53.04	25.91	6.34
Net Profit / Share (Rs.)	5.11	13.95	39.38	19.17	4.59
NP After MI And SOA / Share (Rs.)	5.11	13.95	39.38	19.17	4.59
PBDIT Margin (%)	4.98	4.81	4.48	4.90	4.29
PBIT Margin (%)	4.50	4.24	3.83	3.86	3.21
PBT Margin (%)	4.16	4.19	3.55	3.14	1.84
Net Profit Margin (%)	3.07	3.15	2.63	2.32	1.33
NP After MI And SOA Margin (%)	3.07	3.15	2.63	2.32	1.33
Return on Networth / Equity (%)	14.10	18.44	44.38	38.85	15.23
Return on Capital Employeed (%)	17.73	24.40	49.45	34.29	18.04
Return On Assets (%)	8.55	12.23	20.41	10.73	4.65
Long Term Debt / Equity (X)	0.16	0.01	0.27	0.84	0.98
Total Debt / Equity (X)	0.16	0.01	0.43	1.13	1.39
Asset Turnover Ratio (%)	3.11	4.67	7.97	5.75	0.00
Current Ratio (X)	2.01	2.87	2.19	1.79	2.16
Quick Ratio (X)	2.01	2.87	2.19	1.79	2.16
Interest Coverage Ratio (X)	14.67	105.40	15.94	6.81	3.14
Interest Coverage Ratio (Post Tax) (X)	10.07	70.12	10.39	4.23	1.98
Enterprise Value (Cr.)	19.74	10.94	0.00	0.00	0.00
EV / Net Operating Revenue (X)	0.29	0.14	0.00	0.00	0.00
EV / EBITDA (X)	5.85	3.06	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	0.30	0.16	0.00	0.00	0.00
Price / BV (X)	1.41	0.95	0.00	0.00	0.00
Price / Net Operating Revenue (X)	0.30	0.16	0.00	0.00	0.00
EarningsYield	0.10	0.19	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cargotrans Maritime Ltd as of December 26, 2024 is: 110.13

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, Cargotrans Maritime Ltd is Undervalued by 22.37% compared to the current share price 90.00

Intrinsic Value of Cargotrans Maritime Ltd as of December 26, 2024 is: 105.79

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, Cargotrans Maritime Ltd is Undervalued by 17.54% compared to the current share price 90.00

Last 5 Year EPS CAGR: -3.94%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 25.25%, which is a positive sign. The company has higher reserves (4.96 cr) compared to borrowings (1.95 cr), indicating strong financial stability. The company has shown consistent growth in sales (46.49 cr) and profit (1.57 cr) over the years.	The stock has a high average Working Capital Days of 35.13, which may not be favorable. The stock has a high average Cash Conversion Cycle of 41.52, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cargotrans Maritime Ltd:
1. Net Profit Margin: 3.07%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 17.73% (Industry Average ROCE: 9.9%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.1% (Industry Average ROE: 15.02%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 10.07
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.01
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 20.9 (Industry average Stock P/E: 121.3)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.16
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Cargotrans Maritime Ltd. is a Public Limited Listed company incorporated on 16/04/2012 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is U63012GJ2012PLC069896 and registration number is 069896. Currently company belongs to the Industry of Logistics - Warehousing/Supply Chain/Others. Company’s Total Operating Revenue is Rs. 84.98 Cr. and Equity Capital is Rs. 0.60 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Logistics - Warehousing/Supply Chain/Others	DBZ-S-61, 2nd Floor, Kutch Gujarat 370201	accounts@cargotrans.in http://www.cargotrans.in

Management
Name	Position Held
Mr. Edwin Alexander	Chairman & Director
Mr. Mathew Jacob	Managing Director
Mrs. Manju Edwin	Whole Time Director
Mr. B Chandershekhar Rao	WholeTime Director & CEO
Mr. Udayan Menon	Independent Director
Mr. Praveen Agarwal	Independent Director

FAQ

What is the latest intrinsic value of Cargotrans Maritime Ltd?

The latest intrinsic value of Cargotrans Maritime Ltd as on 26 December 2024 is ₹110.13, which is 22.37% higher than the current market price of ₹90.00. The stock has a market capitalization of 36.7 Cr. and recorded a high/low of 103/50.8 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹10.96 Cr and total liabilities of ₹23.90 Cr.

What is the Market Cap of Cargotrans Maritime Ltd?

The Market Cap of Cargotrans Maritime Ltd is 36.7 Cr..

What is the current Stock Price of Cargotrans Maritime Ltd as on 26 December 2024?

The current stock price of Cargotrans Maritime Ltd as on 26 December 2024 is 90.0.

What is the High / Low of Cargotrans Maritime Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Cargotrans Maritime Ltd stocks is 103/50.8.

What is the Stock P/E of Cargotrans Maritime Ltd?

The Stock P/E of Cargotrans Maritime Ltd is 20.9.

What is the Book Value of Cargotrans Maritime Ltd?

The Book Value of Cargotrans Maritime Ltd is 36.9.

What is the Dividend Yield of Cargotrans Maritime Ltd?

The Dividend Yield of Cargotrans Maritime Ltd is 0.00 %.

What is the ROCE of Cargotrans Maritime Ltd?

The ROCE of Cargotrans Maritime Ltd is 18.7 %.

What is the ROE of Cargotrans Maritime Ltd?

The ROE of Cargotrans Maritime Ltd is 14.0 %.

What is the Face Value of Cargotrans Maritime Ltd?

The Face Value of Cargotrans Maritime Ltd is 10.0.