Multibagger Stock Unveils Strong Business Expansion Plans, Scrip Up 2300% In 3 Yrs

Lancer Container Lines Ltd., a leading integrated and logistics solution provider in India, has announced that Lancia Shipping LLC (Dubai), a 100% wholly owned foreign subsidiary of Lancer Container Lines Ltd., has entered into a Joint Venture (JV) agreement for vessel operations with entities located in Dubai, UAE. Lancia Shipping LLC will also acquire a business set up in Dubai that is into freight forwarding and liner operations.

Lancer Container Lines Ltd. was incorporated in 2011 by entrepreneur Mr. Abdul Khalik Chataiwala, headquartered in CBD Belapur. Lancer is into providing 'TOTAL LOGISTICS SOLUTION WITHOUT LIMITS' and operates an asset-light business with a mix of 14,000+ owned and leased containers, offering services to over 74 ports as well as inland destinations through 14 branches in India and a subsidiary in Dubai, covering more than 30 countries, the principal geographies of operations are supported by a network of associates in the Indian subcontinent, Southeast Asia, the Far East, MENA and CIS countries. Lancer provides services like NVOCC, Empty Container Yard, Container trading, Freight forwarding (Sea, Air, and Road), etc. in India as well as on a global basis. It owns a container yard spread over 20,000 square metre in Panvel near JNPT. Lancer is led by a team of seasoned professionals with robust experience in the shipping and logistics sector.

During Q4FY23, the company reported a net income of Rs 205.26 Cr down by 12.83% YoY from Rs 235.47 Cr in Q4FY22. Its net profit stood at Rs 10.96 Cr in March 2023 quarter down by 5.71% YoY from Rs 11.63 Cr posted in the March 2022 quarter. In the year ended FY2023 its net income was Rs 845.55 Cr up by 31.44% from Rs 643.30 Cr posted in the year ended FY2022 while its net profit was Rs 53.73 Cr in 12MFY23 up by 85.60% YoY from Rs 28.95 Cr in 12MFY22.

On Tuesday, the shares of Lancer Container Lines opened today on the BSE at Rs 149.15 apiece. The stock made a 52-week-high of Rs 258.98 on (16/11/2022) and a 52-week-low of Rs 112.30 on (18/07/2022). The stock has produced a multibagger return of 1,570% over the past five years, and a multibagger return of 2,397% during the past three years. The stock has gone up 30% during the past year, but YTD, it has dropped 34.11% so far in 2023. During Q1FY24, the company recorded promoter shareholding of 52.56%, FIIs stake of 19.44% and public stake of 27.99%.