Trending stocks: Snowman Logistics shares rises nearly 1%

NEW DELHI: Shares of Snowman Logistics Ltd. traded 0.81 per cent up in Tuesday's trade at 10:41AM (IST). Around 12,559 shares changed hands on the counter.

The counter opened at Rs 31.5 and touched an intraday high and low of Rs 31.5 and Rs 30.35, respectively, in the session so far. Shares of the company of Snowman Logistics Ltd. quoted a 52-week high of Rs 45.8 and a 52-week low of Rs 24.6.

Total market cap of the Snowman Logistics Ltd. stood at Rs 514.63 crore at the time of writing this report.


Adani Logistics and Gateway Distriparks said they have resolved their dispute over sale of controlling stake in Snowman Logistics. Further, Adani Logistics will continue as a minority shareholder with 26 per cent stake in Snowman Logistics.


Key Financials
The company reported consolidated net sales of Rs 60.98 crore for the quarter ended 31-Mar-2020, up 3.77 per cent from previous quarter's Rs 58.76 crore and up 1.97 per cent from the year-ago quarter's Rs 59.8 crore.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 0.0 per cent stake in the company, while foreign institutional investors held 0.2 per cent and the promoters 40.25 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of -34.28 and a price-to-book ratio of 1.23. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Snowman Logistics Ltd. belongs to the Warehousing/Supply Chain/Road Transport industry.