Patel Integrated Logistic’s market cap at present is just Rs.45 cr. while it had cash in hand of Rs.24 cr. as on 31 March 2008 and investments having current market value of Rs.4 cr. Thus business of the company is available at just Rs.17 cr.!
The company offers a complete range of logistics, which include the following:
(1) Transportation Services: Part as well as full truck load business.
(2) On-Board Air Freight Services known as Co-Loading across the length and breadth of the country.
(3) Air Cargo Consolidation Services for domestic and international courier companies.
(4) Air freight services throughout the country.
(5) Inbound Freight Services into the country.
(6) Express cargo distribution throughout the country involving door-to-door delivery of consignments in a time bound schedule.
(7) Logistics involving services like storage, packaging and inventory management services to customers.
The company is a single stop logistics services provider offering complete logistics solutions through the extensive infrastructure of nearly 350 offices and over 2000 delivery destinations. Total sales of the company was around Rs.285 cr. Stock looks attractive at Rs.27 levels.
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