Disclaimer: Snowman Logistics Analysis and recommendation is purely for knowledge purpose and not to consider as any financial advice. Data are collected from various sources and analysed.For testing accuracy paper trading can be done.
About the Company:
Snowman Logistics Limited, founded in 1993, is an integrated pan-India temperature-controlled logistics services provider. Gateway Distriparks Limited, our promoter and largest shareholder, creates a bank of shared knowledge and valuable experience for us to build our operations. Snowman’s investor profile includes Mitsubishi Corporation, Mitsubishi Logistics Corporation, International Finance Corporation and Norwest Venture Partners.Snowman is one of the largest temperature controlled logistics services providers in the country, with an ability to service customers on a pan-India basis. provide value added services such as kitting, labelling, sorting, stuffing and destuffing of containers, packing and bulk breaking. Further, they sort, grade, pack and wash select fruits and vegetables.
The Snowman Edge:
During the IPO itself snowman had catched eyes of many due to its technology backed operation process and the services they provide. Regarding the growth of the industry it was growing at a good 20% per annum and snowman had enough opportunities to cash in. The performance of the stock also witnessed the same in market. The Market price of Snowman went above 100. The presence of Snowman in Temperature Controlled Logistics (TCL) is gaining its importance and are expected to grow in current market scenario.
Analysis:
The Performance of Snowman was pretty bad compared to other financial years. But the stock has corrected and is trading around its fair value. It is obvious that people does not expect much from this stock in coming result and are expected a fresh beginning in coming time. The rising expenses is a problem but income from operations are steady and growing at good rate.
Technical Analysis
The stock is trading below moving averages and trend is slightly sluggish. The consolidation in market and relatively less volatility in economy will keep the stock in current levels. Any positive news to industry like GST or a better than expected quarterly results can uphold the stock. The RSI is at 38 and the stock has potential to revive its current losses and gain more confidence. The Support levels are seen at 56 and 49. Holding or averaging this stock will be good. In medium term the stock will surely cross 70.
Key Financials:
Market Cap- 1003.36 Crore
ROE%- 4.81
Shareholding Pattern:
Promoter:40.25
FII- 0.95
DII- 0.32
House View:
People who looks for fresh buy opportunities should wait. The stock could see support levels of 56. But the expectation of upcoming quarters are positive. Key Economic reforms and GST is expected to boost up the stock. A better than expected Q4 results is also good since the stock is corrected so much. 70 is the target for medium term.
About the Company:
Snowman Logistics Limited, founded in 1993, is an integrated pan-India temperature-controlled logistics services provider. Gateway Distriparks Limited, our promoter and largest shareholder, creates a bank of shared knowledge and valuable experience for us to build our operations. Snowman’s investor profile includes Mitsubishi Corporation, Mitsubishi Logistics Corporation, International Finance Corporation and Norwest Venture Partners.Snowman is one of the largest temperature controlled logistics services providers in the country, with an ability to service customers on a pan-India basis. provide value added services such as kitting, labelling, sorting, stuffing and destuffing of containers, packing and bulk breaking. Further, they sort, grade, pack and wash select fruits and vegetables.The Snowman Edge:
During the IPO itself snowman had catched eyes of many due to its technology backed operation process and the services they provide. Regarding the growth of the industry it was growing at a good 20% per annum and snowman had enough opportunities to cash in. The performance of the stock also witnessed the same in market. The Market price of Snowman went above 100. The presence of Snowman in Temperature Controlled Logistics (TCL) is gaining its importance and are expected to grow in current market scenario.
Analysis:
Technical Analysis
The stock is trading below moving averages and trend is slightly sluggish. The consolidation in market and relatively less volatility in economy will keep the stock in current levels. Any positive news to industry like GST or a better than expected quarterly results can uphold the stock. The RSI is at 38 and the stock has potential to revive its current losses and gain more confidence. The Support levels are seen at 56 and 49. Holding or averaging this stock will be good. In medium term the stock will surely cross 70.
Key Financials:
Market Cap- 1003.36 Crore
ROE%- 4.81
Shareholding Pattern:
Promoter:40.25
FII- 0.95
DII- 0.32
Others: 58.48
House View:
People who looks for fresh buy opportunities should wait. The stock could see support levels of 56. But the expectation of upcoming quarters are positive. Key Economic reforms and GST is expected to boost up the stock. A better than expected Q4 results is also good since the stock is corrected so much. 70 is the target for medium term.
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