|Stock Name : Container Corporation of India Limited (CONCOR)/Tips Open||Buy : 375.95||Posted Date : Sep 21, 2020|
|Stopless/Horizon : 210||Target : 530||Results Achieved (Yes/No) :|
Overview: Container Corporation of India Limited (CONCOR), a Central Public Sector undertaking of Ministry of Railways,is engaged in the business of transportation through containerization, it is a Large Cap company with a market capital of Rs 23384.72 Crore.
Management: Mr. V. Kalyana Rama is the Chairman & Managing Director.
Shareholding Pattern (as on 30-06-2020):
• Promoters (Government of India): 54.80
• Foreign Institutions: 26.65
• NBFC and Mutual Funds : 8.78
• Central Government: 0.15
• Others: 1.93
• General Public: 2.26
• Financial Institutions: 5.43
About the company: Container Corporation of India Limited (CONCOR)was incorporated in the year 1988 by taking over the existing network of 7 Inland Container Depots (ICDs) from the Indian Railways, now the company is the market leader having the largest network of 63 ICDs/CFSs in India (59 terminals and 4 strategic tie-ups). In May 2020, CONCOR had decided to surrenderfifteen of its terminals to the railways as thoseterminals ware built on the land taken on lease from the Railways.
In addition to providing inland transport by rail for containers, CONCORhas also expanded to cover management of Ports, air cargo complexes and establishing cold-chain.
CONCOR has developed multi-modal logistics support for India’s International and Domestic containerization and trade.
Subsidiaries: The company has four subsidiaries namely CONCOR Air Ltd, Fresh and Healthy Enterprise Limited, Punjab Logistics Infrastructure Limited and SIDCUL CONCOR Infra Company Ltd.
Dividend: Container Corporation of India has declared an equity dividend of 72.00% amounting to Rs 3.6 per share for the year ending March 2020.
Sales Report:CONCORreported a consolidated sale of Rs 1194.20 Crore for the quarter ended 30-06-2020, which is down by -24.62 % against the last quarter sales of Rs 1584.31 Crore and down by -27.83 % fromcorresponding period of the previous year sales which was Rs 1654.76 Crore. The company’s consolidated net profit dropped 78% to Rs 49.29 crore in Q1 June 2020 over Q1 June 2019.
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