Velox Shipping

How has been the historical performance of the Velox Shipping?

Velox Shipping has faced significant financial challenges, with no profit before tax reported for the past three years and ongoing cash flow issues. However, there has been a slight improvement in shareholder equity and a reduction in long-term debt.

Answer:<BR>The historical performance of Velox Shipping shows a challenging financial landscape with significant fluctuations in key metrics over the years.<BR><BR>Breakdown:<BR>Velox Shipping's share capital remained stable at Rs 7.97 crore in both March 2024 and March 2023, a notable increase from Rs 0.35 crore in March 2022. However, total reserves have shown a negative trend, improving slightly from -0.62 crore in March 2023 to -0.44 crore in March 2024. Shareholder's funds increased to Rs 7.54 crore in March 2024 from Rs 7.36 crore in March 2023, reflecting a recovery from negative values in previous years. Long-term borrowings decreased from Rs 0.30 crore in March 2023 to Rs 0.08 crore in March 2024, while total liabilities slightly decreased to Rs 7.69 crore in March 2024 from Rs 7.77 crore in March 2023. The total assets also saw a minor decline, totaling Rs 7.69 crore in March 2024 compared to Rs 7.77 crore in March 2023. Notably, Velox Shipping reported no profit before tax for the years ending March 2024, 2023, and 2022, indicating ongoing operational challenges. Cash flow from operating activities remained at zero, with significant negative changes in working capital recorded in March 2023. Overall, the company has faced difficulties in generating profits and managing cash flow, while showing some improvement in shareholder equity and a reduction in debt levels.

how big is Velox Shipping?

As of Mar 02, Velox Shipping and Logistics Ltd has a market capitalization of 13.00 Cr, classifying it as a Micro Cap company. There is no valid financial data available for the latest four quarters.

Market Cap: As of Mar 02, Velox Shipping and Logistics Ltd has a market capitalization of 13.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid Consolidated or Standalone financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the reporting period of March 2024. Shareholder's Funds are reported at 7.54 Cr, and Total Assets are 7.69 Cr.

What does Velox Shipping do?

Velox Shipping and Logistics Ltd, a Micro Cap company in the foods and beverages sector, reported net sales and net profit of 0 Cr for the quarter ending March 2025. The company, formerly known as Khatau Exim Limited, has a market cap of Rs 13 Cr.

Overview: <BR>Velox Shipping and Logistics Ltd operates in the foods and beverages sector within the Trading & Distributors industry and is classified as a Micro Cap company.<BR><BR>History: <BR>The company was incorporated on 21 February 1983 and was formerly known as Khatau Exim Limited. The latest quarterly results reported net sales and net profit of 0 Cr for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 0 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 13 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>Industry P/E: N/A <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.00 <BR>Return on Equity: 0.00% <BR>Price to Book: 0.00<BR><BR>Contact Details: <BR>Address: Submit Business Bay 102-103, Lev-1 Service Rd Ville Parle(E Mumbai Maharashtra : 400052 <BR>Tel: 91-22-42288300/08146995909 <BR>Email: khataueximltd@gmail.com <BR>Website: http://www.veloxindustriesltd.in

Who are the top shareholders of the Velox Shipping?

The top shareholders of Velox Shipping include Appu Financial Services Ltd with 72.11%, Miker Financial Consultants Pvt Ltd with 8.85%, and individual investors holding 15.93%. There are no mutual funds or foreign institutional investors involved.

The top shareholders of Velox Shipping are primarily its promoters. The largest shareholder is Appu Financial Services Ltd, which holds 72.11% of the company. The highest public shareholder is Miker Financial Consultants Pvt Ltd, with an 8.85% stake. Additionally, individual investors collectively hold 15.93% of the shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

Who are in the management team of Velox Shipping?

As of March 2022, the management team of Velox Shipping includes Debashish Mukherjee (Managing Director), Vani Alva and Shobha Rustagi (Additional Directors), Sushil Dattatraya Sindhkar (Director), and NISHI (Company Secretary & Compliance Officer). They collectively oversee the company's governance and management.

As of March 2022, the management team of Velox Shipping includes the following individuals:<BR><BR>1. Vani Alva - Additional Director<BR>2. Debashish Mukherjee - Managing Director<BR>3. Shobha Rustagi - Additional Director<BR>4. Sushil Dattatraya Sindhkar - Director<BR>5. NISHI - Company Secretary & Compliance Officer<BR><BR>These members are part of the Board of Directors, contributing to the company's governance and management.

Has Velox Shipping declared dividend?

No Dividend History Available

Who are the peers of the Velox Shipping?

No Peers Information Available

What is the technical trend for Velox Shipping?

As of March 10, 2023, Velox Shipping's technical trend is neutral, with a stagnant price of 17.01 and insufficient data on key indicators to indicate a bullish or bearish stance.

As of 10 March 2023, the technical trend for Velox Shipping has changed from mildly bullish to does not qualify. The current price is stagnant at 17.01, with no movement in the previous close, today's high, or today's low, indicating a lack of volatility and trading activity. Additionally, there is insufficient data on key indicators such as MACD, RSI, or moving averages to provide a clear bullish or bearish stance. Overall, the technical stance is neutral due to the lack of qualifying indicators.

When is the next results date for Velox Shipping?

The next results date for Velox Shipping is 12 August 2025.

The next results date for Velox Shipping is scheduled for 12 August 2025.

Why is Velox Shipping and Logistics Ltd falling/rising?

As of 02-Jun, the stock price of Velox Shipping and Logistics Ltd is stable at 17.01, but indicators show a positive outlook with a 5.85% outperformance against its sector, trading above key moving averages, and a significant increase in investor participation. The stock also reached a new 52-week high, suggesting strong market momentum.

As of 02-Jun, the stock price of Velox Shipping and Logistics Ltd is currently stable at 17.01, showing no change (0.00%). Despite this lack of movement in the stock price today, there are several indicators suggesting a positive outlook for the company.<BR><BR>The stock has outperformed its sector by 5.85%, indicating stronger performance relative to its peers. Additionally, Velox Shipping is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a bullish sign that suggests upward momentum. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 956.17% against the 5-day average, indicating heightened interest and activity among investors.<BR><BR>Moreover, the stock reached a new 52-week and all-time high of Rs. 17.01 today, which reflects positive sentiment and confidence in the stock's future performance. <BR><BR>Overall, while the stock price has not changed today, the combination of strong performance metrics, increased trading activity, and the achievement of a new high suggests that Velox Shipping and Logistics Ltd is experiencing positive momentum in the market.

Which are the latest news on Velox Shipping?