Company Overview

Amiable Logistics (India) Limited is engaged in providing services to importers and exporters for the clearance of all kinds of imports and exports by air and sea, acting as a clearing and forwarding agent and customs house broker. The company serves as a crucial link between trade entities and government authorities like Customs and DGFT. Its operations encompass clearing and forwarding, import/export consultancy, international freight forwarding, customs clearance, warehousing, and transportation services via air, road, and sea. It offers end-to-end logistics solutions, including transport management, freight forwarding, and multimodal transportation services across various industries and geographies.

Amiable Logistics is headquartered in Mumbai, India, and has a team of 56 employees. The company became publicly listed through an IPO in November 2022, with its shares listed on NSE SME on November 16, 2022, at an IPO price of ₹81 per share.

Business Model and Services

The company operates within the highly competitive logistics and transportation sector, delivering comprehensive solutions to facilitate international trade. Its core services include specializing in importing and exporting Full Container Load (FCL) & Less than Container Load (LCL) to and from India, offering international air cargo forwarding services with door-to-door delivery, and providing comprehensive trucking solutions across cities, states, and the entire country. The company possesses its own trailers capable of carrying 20 ft and 40 ft containers.

Amiable Logistics emphasizes providing personal attention to entrepreneurs and operates on a 24/7 basis. Its team is committed to the highest levels of ethics, integrity, and confidentiality, aiming to achieve a standard of quality that sets a benchmark in the logistics sector.

Financial Performance

Market Capitalization and Valuation:

As of October 30, 2024, the current market capitalization of Amiable Logistics India Ltd is ₹15.56 Crores. The company has a Price-to-Earnings (PE) ratio of 11.60 and a Price-to-Book (PB) ratio of 1.89, based on recent data.

Financial Highlights for FY24:

- Revenue: ₹22.5 Crores

- Profit: ₹0.78 Crores

- The profit for the Trailing Twelve Months (TTM) stands at ₹1.35 Crores, with ₹1.34 Crores reported for March 2024 and ₹1.08 Crores for March 2023.

- The company reported a Return on Equity (ROE) of 17.73% for the last reported financial year on a consolidated account basis.

Growth and Performance Analysis:

The company has exhibited a modest sales growth of 7.33% over the past five years. However, its profit has shown an increasing trend, indicating positive momentum in recent years. While the company consistently reports profits, it does not currently pay dividends.

Stock Performance and Trading Information

The 52-week high for Amiable Logistics India Ltd stock is ₹102.95, and the 52-week low is ₹60.50. The upper circuit limit is ₹100, and the lower circuit limit is ₹66.

Management and Shareholding

Key Management:

The key management includes Lalit Lakhamshi Mange, serving as Chairman and Managing Director, and Mansi Nirav Gandhi as Company Secretary. The board is further strengthened by independent directors who ensure proper corporate governance.

Shareholding Pattern:

As per the last reported quarter, promoters hold 70.1% of the total shares, while the public holds 29.9%. This pattern reflects strong promoter confidence in the business.

Financial Stability and Debt Position

Amiable Logistics appears to be in a relatively stable financial position compared to its competitors, with a lower perceived risk of bankruptcy or financial distress than its immediate peers. However, the company's debt is increasing, standing at ₹2.69 Crores as of September 2024.

The company operates within the essential logistics sector, which benefits from India's growing international trade. With its comprehensive service offerings and established market presence, Amiable Logistics is well-positioned to capitalize on the expanding logistics industry. Investors should, however, closely monitor the company's ability to improve its growth rates and effectively manage its increasing debt levels.