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About the Company
Arshiya International is an Indian company and a provider of integrated supply chain and logistic infrastructure solutions. The
company has multinational operations in the logistics and supply chain management space. The business of AIL is divided into seven
verticals and they are:
Rail Infrastructure
Domestic Distriparks
Logistics
Supply Chain Management
Transport & Handling
Information Technology
Investment Rationale
In the last fiscal the company has started its first FTWZ at Panvel, Mumbai. This is the first of its kind in India. Currently the company
is planning to setup FTWZ in Chennai, Nagpur and also in eastern part of the country with an investment of ` 6-7bn in each. To
complement its FTWZ network, AIL is planning to have five Pan-India Domestic Distriparks. The first one is expected to be
operational soon near Delhi. In Delhi the company will be launching an integrated facility which includes a FTWZ and a domestic
Distripark. All these will be linked with the largest private trade terminal which is going to be developed by the company.
To double its rail capacity and to take it to 30 rakes, AIL will invest ` 1.5bn in the current fiscal. These rakes will be mainly used to
carry overseas cargo. The rail business will connect with the FTWZs of the company. The company is also planning to operate on a
couple of new routes like Uttaranchal to Kochi, North to Chennai, and Chennai to Bangalore. The focus will be on export-import
routes emerging from FTWZs.
Valuation
The stock is currently trading at a P/E of 5.00x for FY13E and 4.10x for FY14E. At ` 128 per share, it trading at 0.74x to the book
value of FY13E and 0.63x to the book value of FY14E. Consolidated revenue and net profit are expected to grow at a CAGR of 30%
and 35% over FY11 to FY14E. We recommend investors to buy this scrip with a target price of ` 185 per share.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
About the Company
Arshiya International is an Indian company and a provider of integrated supply chain and logistic infrastructure solutions. The
company has multinational operations in the logistics and supply chain management space. The business of AIL is divided into seven
verticals and they are:
Rail Infrastructure
Domestic Distriparks
Logistics
Supply Chain Management
Transport & Handling
Information Technology
Investment Rationale
In the last fiscal the company has started its first FTWZ at Panvel, Mumbai. This is the first of its kind in India. Currently the company
is planning to setup FTWZ in Chennai, Nagpur and also in eastern part of the country with an investment of ` 6-7bn in each. To
complement its FTWZ network, AIL is planning to have five Pan-India Domestic Distriparks. The first one is expected to be
operational soon near Delhi. In Delhi the company will be launching an integrated facility which includes a FTWZ and a domestic
Distripark. All these will be linked with the largest private trade terminal which is going to be developed by the company.
To double its rail capacity and to take it to 30 rakes, AIL will invest ` 1.5bn in the current fiscal. These rakes will be mainly used to
carry overseas cargo. The rail business will connect with the FTWZs of the company. The company is also planning to operate on a
couple of new routes like Uttaranchal to Kochi, North to Chennai, and Chennai to Bangalore. The focus will be on export-import
routes emerging from FTWZs.
Valuation
The stock is currently trading at a P/E of 5.00x for FY13E and 4.10x for FY14E. At ` 128 per share, it trading at 0.74x to the book
value of FY13E and 0.63x to the book value of FY14E. Consolidated revenue and net profit are expected to grow at a CAGR of 30%
and 35% over FY11 to FY14E. We recommend investors to buy this scrip with a target price of ` 185 per share.
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