From ₹25 to ₹500: AVG Logistics Surges 1900% in Four Years – Do You Own This Multibagger?

Stock Market News: AVG Logistics shares have become one of the multibagger stocks in the Indian stock markets in recent years. This small-cap stock has been stable for nearly two months, peaking at ₹615 per share at the end of March 2024. Despite this, it remains one of the standout multibagger stocks following the post-COVID rebound. With a market cap of ₹683 crore, the stock has skyrocketed from ₹25 to ₹500 per share, giving investors a remarkable 1900% return.

AVG Logistics Share Price History

In the last month, AVG Logistics shares delivered zero returns, dropping by about 10%. Year-to-date, the stock has risen by 35%, and in the past six months, it has returned over 60% to its shareholders. Over the past year, the stock has surged from ₹225 to ₹500, marking a more than 120% increase. Since the post-COVID rebound, the stock climbed from ₹25 to its current ₹500 per share, multiplying its value 20 times in nearly four years.

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AVG Logistics Q4 Results 2024

AVG Logistics recently announced strong Q4 results. The company’s total income increased by over 28.40% to ₹147.10 crore, and its EBITDA grew by more than 61% to ₹45.32 crore. The EBITDA margins also improved by 8.20% year-on-year, reaching 33.12%. The company’s profit after tax (PAT) saw a significant rise of over 106% to ₹22.88 crore in Q4FY24.

Sanjay Gupta, Managing Director & CEO of AVG Logistics, expressed satisfaction with the Q4 results and emphasized the company’s commitment to excellence. He highlighted the adoption of electric vehicles (EVs) and LNG fleets, aligning with their sustainability goals and helping customers achieve their environmental objectives. AVG Logistics aims to lead the way in eco-friendly logistics, setting a new standard for sustainability in the industry and working towards net-zero emissions.