{"id":143838,"date":"2023-04-19T09:54:17","date_gmt":"2023-04-19T13:54:17","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143838"},"modified":"2023-04-25T08:21:02","modified_gmt":"2023-04-25T12:21:02","slug":"patel-integrated-logistics-huge-potential","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/patel-integrated-logistics-huge-potential\/","title":{"rendered":"Patel Integrated Logistics: Huge Potential?"},"content":{"rendered":"\n

Patel Integrated Logistics Limited, founded in 1962, is part of the House of Patels group. With presence across 500 stations across the nation, they offer prompt, dependable service while adhering strictly to delivery schedules. The company currently transports cargo worth more than \u20b9120 billion annually and has more than 75,000 clients mainly in the B2B segment, ranging from small businesses to multinational corporations. The logistics service offering, combined with cutting-edge tracking systems, allows them to maintain a competitive advantage.<\/em><\/p>\n\n\n\n

Stock Data<\/strong><\/td><\/tr>
Ticker<\/strong><\/td>PATINTLOG<\/strong><\/td><\/tr>
Exchange<\/strong><\/td>NSE<\/strong><\/td><\/tr>
Industry<\/strong><\/td>LOGISTICS<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Price Performance<\/strong><\/td><\/tr>
Last 5 Days<\/strong><\/td>-0.42%<\/strong><\/td><\/tr>
YTD<\/strong><\/td>-18.71%<\/strong><\/td><\/tr>
Last 12 Months<\/strong><\/td>-23.15%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*As of 18.04.2023<\/p>\n\n\n\n

Brief Summary:<\/strong><\/h2>\n\n\n\n

India has been growing as the global centre for manufacturing. Once a product is created, it must be transported from the point of production to the consumer. So, as India\u2019s production of goods rises, so does the need for logistics. The GOI has also taken up a few initiatives which will streamline the sector and lower the cost of logistics. Patel Integrated Logistics Limited has the infrastructure to meet India\u2019s logistic demand. In addition, the company is expanding its warehouse space in various locations across the country. The offerings from Warehousing and Distribution services will add a boost to the company\u2019s growth. Moreover, the business\u2019s profitability and revenue have begun to rise year over year. The company has also started reducing its external debt and investing in business expansion. It has also diversified its business by entering the health and fitness market through the acquisition of a GYM franchise.<\/p>\n\n\n\n


Key Strengths:<\/strong><\/h2>\n\n\n\n