Buy Container Corp; target of Rs 1059: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research is bullish on Container Corporation of India and has recommended buy rating on the stock with a target of Rs 1059 in its February 4, 2013 research report.
 
"Container Corporation of India Ltd. (CONCOR) was incorporated in the year march 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways. During the period 2000-01 to 2010-11containerised cargo has gone up from 2.47 million TEUs to 9.11 million TEUs. The humble beginning, it is now an undisputed market leader having the largest network of 61 ICDs/CFSs in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It has and will continue to play the role of promoting containerization of India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. Though rail is the main stay of our transportation plan, road services and also provided to cater to the need of door-to-door services, whether in the International or Domestic business."
 
"Container Corporation of India Ltd is the leading global player in the transport and logistics market reported its financial results for the quarter ended 31st Dec, 2013. The company's net profit jumps to Rs.2365.84 million against Rs.2412.33 million in the corresponding quarter ending of previous year, a decrease of 1.93%. Revenue for the quarter rose 3.49% to Rs.10827.79 million from Rs.10462.49 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.18.20 a share during the quarter, registering 1.93% decrease over previous year period. Profit before interest, depreciation and tax is Rs.3472.81 millions as against Rs.3472.72 millions in the corresponding period of the previous year."
 
"At the current market price of Rs 946, the stock P/E ratio is at 12.78 x FY13E and 11.88 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.74.05 and Rs.79.64 respectively. Net Sales and Operating Profit of the company are expected to grow at a CAGR of 6% and 6% over 2011 to 2014E respectively. On the basis of EV/EBITDA, the stock trades at 6.51 x for FY13E and 5.93 x for FY14E. Price to Book Value of the stock is expected to be at 1.87 x and 1.62 x respectively for FY13E and FY14E. We recommend 'BUY' in this particular scrip with a target price of Rs 1059 for medium to long term investment," says Firstcall Research report.

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