Allcargo Logistics’ Turnaround In Gati May Unlock Value: ICICI Securities 
All Cargo Logistics’s tempos standing at the company’s facility (image Company website)

Allcargo Logistics’ Turnaround In Gati May Unlock Value: ICICI Securities 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Allcargo Logistics Ltd.’s Q3 FY21 result missed expectations.

Management has reiterated its intent to stay asset-light – with sales of trucks in the Gati express business and sale of crane in the project and equipment business, management is walking the talk.

Warehousing asset sales to Blackstone and corresponding deleveraging (from current net debt of Rs 13 billion), along with operational turnaround in express logistics business (Gati) remain the key near term monitorable.

Click on the attachment to read the full report:

ICICI Securities Allcargo Q3FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.