Espresso shot of the day – Gateway Distriparks Ltd up by 20 percent

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Espresso shot of the day – Gateway Distriparks Ltd up by 20 percent

January 20, 2023
Espresso shot of the day – Gateway Distriparks Ltd up by 20 percent

GATEWAY DISTRIPARKS LTD 141.00 (+20.00%)   BSE – INE852F01015 | 20th JAN

Gateway Distriparks Limited is the only logistics facilitator in the whole of India with three verticals that are synergetic and capable of being interlinked – Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement of containers to major maritime ports and Cold Chain Storage and Logistics. GDL operates two container freight stations at Navi Mumbai, one at Chennai, one at Krishnapatnam, one at Kochi and one at Visakhapatanam, with a total capacity of over 600,000 TEUs (Twenty-foot Equivalent Units).

GDL's rail operations are handled by a subsidiary, Gateway Rail Freight Limited (Gateway Rail). Gateway Rail provides inter-modal logistics and operates its own inland container depots / dry ports.

The third vertical consists of cold chain logistics solutions out of 31 warehouses in India through the subsidiary, Snowman Logistics Limited, in which Mitsubishi and IFC (World Bank) are investors.

Recent Drivers

  • Net Sales at Rs 313.80 crores in Dec 2020 | Up 4.98% from Rs 298.93 crores in Dec 2019.
  • Quarterly Net Profit (incl. minority int) at Rs 32.75 crores in Dec 2020 | Up 98.3% from Rs 16.51 crores in Dec 2019.
  • Gateway Distriparks approved the payment of second interim dividend of Rs.2 a share of face value Rs.10 each for the financial year 2020-21 to shareholders. The record date for the interim dividend has been fixed as Jan 6, 2021. In Oct 2020, Gateway Distriparks had announced the first interim dividend of Rs.2 a share.
  • Gateway Rail Freight, the logistics arm of Gateway Distriparks, said that the commissioning of the new section of the Western Dedicated Freight Corridor would help in a "significant" reduction in its trains’ transit times.
  • As per the management of Gateway Distriparks, the route between Palanpur (Gujarat) to Pipavav is expected to be operational by the end of Sept/Oct 2021 (with electric traction), while the Mundra port connectivity is expected to lag Pipavav by a few months.
  • Adani Logistics has almost exited its stake in Snowman Logistics, which it had acquired through open offer in Mar 2020.
  • GDL’s board has approved the reverse merger of the standalone entity into its subsidiary Gateway Rail Freight Ltd. (GRFL).
  • GDL raised Rs.116 crores via rights issue and fund proceeds have been utilised for prepayment of NCDs.
  • Gateway Distriparks announced its board has approved to explore various structures for streamlining the businesses currently being carried out by different group entities.
(Sources: Moneycontrol, BSE, Business Standard, Business Line, Economic Times, Outlook India)

Technical Force*

  • S&P BSE 500 month till date gain up by 4.93%
  • Today’s candle pattern is referred to as marubozu; close at upper circuit
  • Traded on new 52-week high value: 141.00
  • Spurt in volume by more than 7.39 times compared to previous volume
  • Stock price has jumped more than 50% in 6 month low level – 79.0, Jul 30, 2020
  • Daily RSI (14) is in overbought territory for 1 period
  • 52-week high – 141 | 52-week low – 71.03

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

219.62

180.53

151.17

112.08

82.72

43.63

14.27

-

Fibonacci Pivot

180.53

154.39

138.23

127.83

112.08

96.34

85.94

69.78

43.63


Today’s Close

141.00

SMA

BSE

10 DAY

112.54

20 DAY

121.72

50 DAY

113.39

200 DAY

94.63

Some Key Ratios (Source: BSE)

Market Cap: 1,760.19 crores

PE: 10.01

OPM%: 40.18

ROE%: 16.33

Prev. Close: 117.50

* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.