4s-Logistics 2011-11 12
4s-Logistics 2011-11 12
4s-Logistics 2011-11 12
LOGISTICS TRACK
Fortnightly Update on Indian Logistics Industry
Content
News of the week 1
Investment Activity
News Update
Event Update
Peer Benchmarking
Units: $bn Source: India Logistics Report by Four-S Services, Planning Commission
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
PE Deals in 2010
Date 5-Mar 9-Mar 15-Mar 25-Mar 10-Jun 11-Jun 8-Jul 13-Jul 7-Nov 15-Dec 20-Dec 23-Dec Investor IDFC Project Equity Mayfield Fund, SIDBI Venture Nine River Capital Reliance Venture Management, KPCB, Sherpalo Ventures Eredene Capital Nexus Venture Eredene Capital Rabobank Private Equity Jupiter Capital Eton Park Ashmore Alchemy India Equity Partners Target Karaikal Port Fourcee Infrastructure Global AgriSystems Reverse Logistics Ennore Container Terminal Sohan Lal Commodity Mgt Ocean Sparkle National Collateral Management Sical Logistics JSW Infrastructure Siesta Logistcs Swastik Roadlines Stake (%) NA NA NA NA 22.0 NA 8.2 NA 13.3% NA NA NA Amount ($ mn) 32.6 10.8 7.0 NA 35.0 2.1 11.1 8.0 9.7 125.0 10.0 10.0 Strategy Growth Growth Late Growth Growth Late Growth Growth PIPE Growth Growth Growth
PE Deals in 2011
Date 6-Jan 23-Mar 11-Apr 22-Apr 5-May 24-Jun 4-Jul 5-Jul 5-Jul 19-Aug Investor India Equity Partners Infrastructure India Holdings Fund LLC Warburg Pincus Fidelity Growth Partners Mumbai Angels IL&FS PE Rajasthan VC Fund Standard Chartered PE ECL Finance Ltd. Ascent Capital Target Stake (%) NA 6.4 NA NA 25 NA NA 10.0 2.0 NA Amount ($ mn) 10.0 15.1 100.0 13.5 NA 8.8 3.3 81.1 16.2 30.0 Strategy Growth PIPE Late Growth Early Growth Early PIPE PIPE Growth
Foursee Infrastructure Equipments Ltd. Aegis Logistics Continental Warehousing Corporation Transpole Logistics MVS Efarms JICS Logistics Leeway Logistics Redington India Redington India Karaikal Port
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
Indore gets mega logistics park developed by Safexpress ` 7bn company, Safexpress, which presently holds 27% share of Indias logistics and warehousing market, has invested `850 mn to set up a mega warehousing and logistics park in Indore. It is spread over 1.15 mn sq ft along the Agra-Mumbai stretch of National Highway 3, and is touted as central-Indias largest warehousing facility. Safexpress aims to benefit from the opportunities to come up for 3PL players post introduction of GST. Safexpress is developing 32 logistics parks at key industrial centers across India with an investment of ` 6bn. The Indore facility is the 17th such park and the second largest in India after the companys Nagpur facility. Safexpress has also opened a Learning Center at the Indore logistics park with residential facilities, training rooms, modern equipment and a library. It will offer training to 60 Safexpress employees in vocational and operational aspects needed for the logistics trade.
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
Events Update
Event: Automotive Logistics India Date: 7th - 9th December 2011 Place: New Delhi Organiser: Ultima Media Web: http://www.automotivelogisticsindia.com/ Event: India Maritime Week 2012 Date: 17th - 19th January 2011 Place: New Delhi Organiser: Gateway Media Web: http://www.indiamaritimeweek.com
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
Company FY'10 CONCOR Shipping Corp. of Ind. Allcargo Mercator Lines GE Shipping TCI Aegis Logistics Blue Dart Varun Shipping Arshiya Sical Logistics Gati Essar Ports Patel Integrated Aqua Logistics Gateway Distri. Shreyas Shipping SEAMEC Ltd 37,057 34,631 26,329 18,436 30,415 15,224 3,057 9,097 9,026 5,259 7,260 6,303 10,282 3,467 3,220 1,670 1,479 4,248
Revenue FY11 38,266 35,434 28,613 28,069 25,580 18,527 18,121 11,507 8,368 8,188 7,711 7,512 5,170 4,268 3,810 1,915 1,904 1,024 YoY 3% 2% 9% 52% -16% 22% 493% 26% -7% 56% 6% 19% -50% 23% 18% 15% 29% -76% FY'10 9,616 4,690 2,790 6,619 9,107 1,146 726 1,065 2,834 891 375 615 3,227 117 324 882 (2) 2,237
EBITDA FY11 10,226 7,098 2,697 6,166 10,920 1,400 834 1,556 3,670 1,598 (1) 859 1,384 143 358 1,014 304 (544) YoY 6% 51% -3% -7% 20% 22% 15% 46% 30% 79% 40% -57% 23% 10% 15% FY'10 7,867 3,769 1,706 532 5,128 413 430 612 126 594 (357) (151) 900 46 205 772 (157) 2,039
PAT FY11 8,301 5,674 1,659 468 4,732 501 471 947 147 746 (80) 151 209 35 224 848 128 (668) YoY 6% 51% -3% -12% -8% 21% 9% 55% 17% 26% -77% -24% 9% 10% -
Margins FY11 EBITDA 27% 20% 9% 22% 43% 8% 5% 14% 44% 20% 11% 27% 3% 9% 53% 16% NPM 22% 16% 6% 2% 18% 3% 3% 8% 2% 9% 2% 4% 1% 6% 44% 7% -
Note: Financial Year for Allcargo and Blue Dart is Jan-Dec and that for Gati is Jul-Jun Source: Company Websites, Four-S Research
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
Offering comprehensive bouquet of services to SMEs, Corporates and PE Funds Equity Funds
Research Desk
Four-S Services is India's leading provider of high-end research, financial consulting and Investment banking services. We have executed projects for prestigious Indian as well as global corporations, investment banks, private equity funds, venture capitalists and hedge funds including Indias Top 5 PE Funds. For further information, please contact Seema Shukla at seema@four-s.com or reach us as http://www.four-s.com
Disclaimer
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