
ABOUT THE COMPANY
GATI Limited is engaged in express cargo delivery, and distribution and supply chain management solutions in India. The Company has a fleet of over 4000 vehicles on road. The Company has a nationwide reach, delivering to 603 out of 611 districts. The Company has four vessels providing liner and break bulk services between Chennai, Andaman, Vishakhapatnam, Yangon and Ranong (Thailand). Gati International provides freight forwarding-Air fright and Ocean freight (Inbound and Outbound), Custom Clearance-Imports and Exports (Air and Ocean), International Courier, Road movement to the SAARC nations, express distribution and Supply Chain Management. Gati has launched Café Deliver, a retail logistics store in Hyderabad, Pune, Kolkata, Bangalore and Ahmedabad. On December 14, 2007, the Company acquired 73.72% outstanding Equity Share Capital of Kausar India Ltd (KIL).
ABOUT THE FINANCIALS
ABOUT THE FINANCIALS
The company has recorded during the last quarter, a rise of approx 24 % in total revenue. Express distribution and supply chain business grew 24%, its coast-to-coast (Shipping) division was sluggish with just 17% growth.
NEWS FLASH
The company is planning to sell its shipping business for around Rs 200-250 crore and these funds are likely to be used to re-pay debts of its current debt burden of Rs 400 crore.
ABOUT THE STOCK
After a positive announcement in last budget of the cold storage and warehousing sector getting recognized under infra sector the stock has been in lime light.The company , management and performance record has been good and a fairly good company for investment.
NEWS FLASH
The company is planning to sell its shipping business for around Rs 200-250 crore and these funds are likely to be used to re-pay debts of its current debt burden of Rs 400 crore.
ABOUT THE STOCK
After a positive announcement in last budget of the cold storage and warehousing sector getting recognized under infra sector the stock has been in lime light.The company , management and performance record has been good and a fairly good company for investment.