Buy Container Corporation; target of Rs 1370: ICICI Direct

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26 Aug, 2025 12:21

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ICICI Direct's research report on Container Corporation

Revenues for Q4FY17 de-grew 2% YoY (up 17% QoQ) to Rs 1558 crore. Exim realisations continued to remain sluggish. On the back of this, it de-grew 5% YoY (up 17% QoQ) to Rs 1239 crore. However, domestic revenues grew 8% YoY (up 17% QoQ) to Rs 318.6 crore.

Outlook

We believe that as revenues gather steam from these varied segments, Concor would be operating in altogether different business model, thereby commanding premium valuation. We adjust our EPS/PE multiple accounting for bonus and maintain BUY rating with a revised target price of Rs 1370.

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