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Business News/ Markets / Stock Markets/  Multibagger logistic stock explores growth options marching towards debt free regime
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Multibagger logistic stock explores growth options marching towards debt free regime

Accuracy Shipping Limited (NSE: ACCURACY), is a one stop solution for all Logistics requirements.

The company aims to be one of the market leaders across the nation focused on customer happiness, redefining logistics solutions through its dedicated and motivated team. It is committed to being a responsible corporate citizen and building trust.Premium
The company aims to be one of the market leaders across the nation focused on customer happiness, redefining logistics solutions through its dedicated and motivated team. It is committed to being a responsible corporate citizen and building trust.

Accuracy Shipping Limited (NSE: ACCURACY), is a one-stop solution for all Logistics requirements. The company is exploring growth options. With the help of its vast and well-settled network, the company is able to provide its customers hassle-free services across the board. 

The company is Catering to a diversified industry to accelerate growth, and adding new streams of revenue through backward & forward integration to strengthen our bouquet of logistical services. It has strived to become an “End-to-End Logistics Player", and looks to benefit from large scale presence across value chain by offering logistical solutions under single roof i.e. from Point of Origin to Point of Destination

This business model, supported by a constant vigil for new opportunities, soon saw ASL grow and evolve into a logistic service partner with all possible logistics solutions under its belt and more importantly who delivered results. On time. Every time. The passage of time, brought with it a plethora of opportunities. Global markets and even the Indian markets saw businesses thrive. With opportunity came growth and ASL was prepared to take full advantage.

With a portfolio that has evolved to provide total logistical solutions covering customs clearance, freight forwarding, shipping, air freight, consolidation, sea-air, inland haulage (transportation), warehousing, & cross trades, overseas warehousing and a whole range of custom- made solutions to suit the unique requirements of each of its customers, ASL has transformed into a logistic solution powerhouse, providing unparalleled quality service blended with a focus on total customer satisfaction.

The company has a pan India presence with a global network. It has a presence across India with 14 offices and more than 60 agency agreements across the globe to cater to the growing logistical needs for cross border transactions. As a leading logistic solution provider, it offers all its customers the benefits of solid expertise and in-depth experience, guaranteeing a complete and highly competitive range of services that added value to every single link in the supply chain.

The company aims to be one of the market leaders across the nation focused on customer happiness, redefining logistics solutions through its dedicated and motivated team. It is committed to being a responsible corporate citizen and building trust.

Sales Revenue reported in 2020-21 was Rs.365.23 cr. 2021-22 and jumped to Rs. 818.09 cr. in 2022-23 .The company is repaying its debts at a fast pace and may soon become debt free. 

While writing this copy, Accuracy Shipping shares were trading at 13 apiece up by 4.00%. In the last 3 years, the stock has delivered a multibagger return of 660% and in the last 1 year, it has fallen over 40%. On a YTD basis, it has fallen over 21% so far in 2023. 

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Published: 12 May 2023, 02:15 PM IST
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