Chartered Logistics Reports Positive Q3 Performance Amid Mixed Long-Term Fundamentals

Chartered Logistics, a microcap player in the logistics industry, has recently undergone an adjustment in evaluation, reflecting a nuanced view of its financial standing. The company has reported positive financial performance for the third quarter of FY24-25, marking a continuation of favorable results over the last four consecutive quarters. Notably, the profit after tax (PAT) for the half-year reached Rs 1.05 crore, showcasing significant growth.
Despite this positive trajectory, the stock's long-term fundamentals present a mixed picture. The company has experienced a decline in net sales over the past five years, with a compound annual growth rate (CAGR) of -11.48%. Additionally, the high debt-to-EBITDA ratio of 6.98 times indicates challenges in servicing debt, while the average return on equity stands at a modest 0.84%, suggesting limited profitability relative to shareholders' funds.

Promoter holding has also seen a reduction, now at 37.07%. In contrast, the stock has outperformed the broader market, generating a return of 33.59% over the past year, significantly exceeding the BSE 500's return of 3.09%.

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