AVG Logistics Ltd Share Price – NSE /  BSE

Logistics, Small Cap

AVG Logistics has allotted 1,40,000 equity shares on conversion of warrants on 15 December 2024. Consequently, the paid up equity share capital has increased to 14,86,27,200 (comprising of 1,48,62,720 equity shares of face value of Rs. 10 per equity share).

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AVG Logistics has successfully secured a prestigious order from one of the most renowned cement companies in India. This major development would strengthen AVG's market position and expected to add approximately Rs. 90 crore over a period of 3 years to the company's annual revenue started from Q3 FY 2025.

The newly inked agreement is a significant milestone for AVG Logistics, marking the company's entry into rapidly growing cement industry and will be initiated in a phased manner w.e.f. Q3 2025. With cement being one of the most essential sectors in India's construction and infrastructure growth, the deal would help and positions AVG to expand its horizon into cement industry.

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The key equity indices erased all losses and traded with moderate gains in early afternoon trade. The Nifty marched above the 24,600 level after hitting the day’s low of 24,180.80 in mid-morning trade. FMCG shares advanced after declining in the past trading session.

At 12:26 IST, the barometer index, the S&P BSE Sensex, rose 250.15 points or 0.31% to 81,540.11. The Nifty 50 index gained 57.90 points or 0.24% to 24,606.60.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.67% and the S&P BSE Small-Cap index lost 0.73%.

Sellers outnumbered buyers. On the BSE, 1,397 shares rose and 2,469 shares fell. A total of 141 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 6.12% to 14. The Nifty 26 December 2024 futures were trading at 24,619.90, at a premium of 13.30 points as compared with the spot at 24,606.60

The Nifty option chain for the 26 December 2024 expiry showed maximum Call OI of 57 lakh contracts at the 26,000 strike price. Maximum Put OI of 61.1 lakh contracts was seen at 24,000 strike price.

Buzzing Index:

The Nifty FMCG index rose 0.30% to 56,315.30. The index slipped 1.05% in the past trading session.

Colgate-Palmolive (India) (up 1.61%), Hindustan Unilever (up 1.54%), Nestle India (up 0.80%), Marico (up 0.73%), Dabur India (up 0.47%), Tata Consumer Products (up 0.33%), Godrej Consumer Products (up 0.29%), Britannia Industries (up 0.19%), ITC (up 0.15%) and Radico Khaitan (up 0.03%) advanced.

On the other hand, United Spirits (down 1.71%), Balrampur Chini Mills (down 0.85%) and Varun Beverages (down 0.74%) edged lower.

Stocks in Spotlight:

AVG Logistics slipped 1.37%. The company announced that it has successfully secured an order worth Rs 90 crore from a cement manufacturing company, marking a significant milestone in the company’s expansion strategy.

Kalpataru Projects International rose 0.22%. The company announced that its board has approved the opening of issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 1,214.98 per equity share.

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Under this contract, the company will leverage its expertise in managing complex logistics networks to provide tailored solutions. The company plans to address the unique challenges of the cement supply chain, from raw material transportation to finished product delivery.

The deal, expected to contribute approximately Rs 90 crore to company’s annual revenue over a period of three years starting from Q3 FY25, strengthens its market position and opens new growth opportunities in the rapidly expanding cement industry.

The newly inked agreement will be executed in phases beginning in Q3 2025. With cement being one of the most essential sectors in India’s construction and infrastructure growth, the deal would help and positions the company’s to expand its horizon into cement industry.

The cement industry holds an enormous potential for logistics services. With country’s booming infrastructure projects and urbanization, the logistics requirements of this industry are expected to rise sharply, creating immense opportunities for companies like AVG Logistics to capitalize on, the company stated in exchange filing.

The contract reflects AVG Logistics' commitment to building strong, collaborative relationships with its customers, helping them optimize their supply chain operations and drive operational efficiency. It also aligns with the company's long-term vision to expand footprint in key industries, strengthening its capabilities, and consistently creating value for its stakeholders.

Sanjay Gupta Managing Director & CEO, AVG Logistics said, “We are thrilled to secure this prestigious order with one of the leading cement manufacturers. This partnership is just the beginning of our strategic expansion into the cement sector, and we firmly believe it will drive significant growth for AVG Logistics. Our expertise in enhancing operational efficiency and providing seamless supply chain solutions will be key in meeting the evolving needs of the cement industry. This contract is also perfectly aligned with our mission to build strategic partnerships with our customers and enable them to achieve their supply chain goals. It further strengthens our commitment to offering an integrated multimodal network of logistics solutions across varied industries”

AVG Logistics is a leading multimodal logistics solutions provider based in India. AVG Logistics provides customized and technology-driven solutions across transportation, warehousing, distribution, and supply chain management. Furthermore, the company also offers third-party logistics services (3PL), effectively complementing its wide range of logistics solutions.

The company’s consolidated net profit soared 212.8% to Rs 5.38 crore in Q2 FY25 as against Rs 1.72 crore posted in Q2 FY24. Revenue from operations jumped 17.9% YoY to Rs 138.46 crore in the quarter ended 30 September 2024.

The scrip shed 0.01% to Rs 146.70 on the BSE. As of 13 December 2024, the company’s market capitalization stood at Rs 569.12 crore on the BSE.

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