Container Corporation of India
Container Corporation of India
Logistics & Cargo F&OKey Fundamentals
MidcapLogistics Solution ProviderLogistics & CargoTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 54.2%
Weaknesses
3- Stock is trading at 2.94 times its book value
- The company has delivered a poor sales growth of 7.15% over past five years.
- Company has a low return on equity of 10.5% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Container Corporation of India (CONCOR) is a ₹37,921 Cr market-cap logistics company trading at a P/E of 30.9x and P/B of 2.98x. The company is virtually debt-free with a healthy 54.2% dividend payout, but faces headwinds from slowing sales growth (2% TTM) and declining profits (-6% TTM), while ROE has remained modest at around 10-11% over the past several years.
- Nearly debt-free balance sheet provides significant financial resilience and flexibility for future capex in logistics infrastructure
- Healthy dividend payout ratio of 54.2% signals disciplined capital return to shareholders despite modest growth
- Compounded profit growth of 17% over 5 years indicates a period of meaningful earnings expansion in the medium term
- 10-year stock CAGR of 4% and 10-year sales CAGR of 4% show the company has sustained long-term operations through multiple economic cycles
- ROE has remained stable at 10-11% over 3, 5, and 10-year periods, reflecting consistent if unspectacular return generation on equity
- As a government-backed entity with dominant inland container depot network, CONCOR benefits from structural tailwinds in India's containerisation and logistics formalisation trends
- Compounded sales growth of 7% over 5 years outpaces the 4% 10-year average, suggesting some acceleration in the top line over the medium term
- TTM sales growth has decelerated sharply to just 2%, down from 7% over 5 years, signalling a significant revenue slowdown
- TTM profit growth has turned negative at -6%, reversing the longer-term growth trajectory
- P/E of 30.9x is elevated for a company delivering only 2% top-line growth and negative profit growth, suggesting limited margin of safety
- P/B of 2.98x is nearly 3 times book value, which is rich for a capital-intensive logistics business with ROE of just 10.5%
- 3-year ROE of only 11% and last year ROE of 10% are below what investors typically expect for a stock commanding a 30x+ P/E multiple
- Stock has delivered negative CAGR of -8% over 1 year and -3% over both 3- and 5-year periods, indicating sustained underperformance
- Dividend yield of 0.32% is negligible and offers minimal income cushion for investors during periods of capital depreciation
- 3-year compounded profit growth of just 2% suggests earnings momentum has stalled well before the TTM contraction
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹89 Cr Eastern Railway order Sep 7
Concor secured a confirmed work order worth ₹89.09 crore from Eastern Railway for 12 rakes of BLSS wagons, representing 3.8% of average quarterly revenue. No prior orders were disclosed in the last 3 quarters.
- Statutory auditors appointed for FY27 Sep 10
Concor appointed M/s Bhatia & Bhatia as statutory auditors for FY27, following communication from the Comptroller and Auditor General of India.
- AGM set for Sep 28 Sep 4
The 38th AGM is scheduled for September 28, 2026, with a proposed final dividend of ₹1.00 per share for FY26. Register closure begins September 22.
- Investor meets in Sep 2026 Aug 25
Concor scheduled investor and analyst meetings on September 2, 9, and 21-24 in Mumbai and Hong Kong, providing direct engagement platforms for analysts.
- Independent Director appointed Sep 1
V. Kashiho Sangtam appointed as Independent Director effective August 26, 2026, for a three-year term approved by Ministry of Railways.
- Two new Executive Directors named Aug 25
Swayambhu Arya and Shrikant V. Janbandhu appointed as Executive Directors, with promotions effective July and August 2026 following board approvals.
TL;DR: Concor's recent news flow is largely routine and governance-related, with board appointments, auditor changes, and scheduled investor meets dominating the headlines. The ₹89.09 crore Eastern Railway order is a modest positive, reinforcing its presence in rail freight logistics though it represents a small share of quarterly revenue. No material headwinds are visible in the current news cycle. The upcoming AGM and investor meetings in September could provide more clarity on the company's forward outlook and growth trajectory.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,923 | 2,195 | 2,211 | 2,325 | 2,103 | 2,288 | 2,208 | 2,288 | 2,154 | 2,355 | 2,308 | 2,263 | 2,160 |
| Expenses | 1,527 | 1,648 | 1,693 | 1,827 | 1,662 | 1,706 | 1,743 | 1,847 | 1,721 | 1,779 | 1,793 | 1,836 | 1,715 |
| Operating Profit | 396 | 546 | 517 | 498 | 442 | 582 | 465 | 441 | 433 | 576 | 514 | 427 | 444 |
| OPM % | 21% | 25% | 23% | 21% | 21% | 25% | 21% | 19% | 20% | 24% | 22% | 19% | 21% |
| Other Income | 81 | 105 | 92 | 93 | 94 | 96 | 96 | 129 | 95 | 88 | 92 | 89 | 86 |
| Interest | 16 | 17 | 19 | 20 | 19 | 19 | 18 | 17 | 17 | 19 | 20 | 21 | 20 |
| Depreciation | 142 | 153 | 159 | 165 | 169 | 166 | 85 | 160 | 162 | 147 | 154 | 153 | 150 |
| PBT | 319 | 482 | 431 | 406 | 347 | 493 | 457 | 392 | 349 | 498 | 433 | 342 | 360 |
| Tax % | 24% | 25% | 24% | 26% | 25% | 25% | 26% | 27% | 26% | 26% | 24% | 24% | 24% |
| Net Profit | 245 | 368 | 331 | 318 | 259 | 366 | 367 | 300 | 267 | 380 | 335 | 264 | 269 |
| EPS in Rs | 3.22 | 4.82 | 4.34 | 4.16 | 3.39 | 4.8 | 4.81 | 3.94 | 3.5 | 4.97 | 4.38 | 3.45 | 3.5 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,032 | 6,278 | 5,980 | 6,612 | 6,956 | 6,530 | 6,427 | 7,653 | 8,169 | 8,653 | 8,887 | 9,079 | 9,085 |
| Expenses | 4,637 | 4,936 | 4,732 | 5,120 | 5,164 | 4,836 | 5,380 | 5,904 | 6,301 | 6,695 | 6,957 | 7,128 | 7,124 |
| Operating Profit | 1,395 | 1,342 | 1,248 | 1,492 | 1,792 | 1,694 | 1,047 | 1,748 | 1,868 | 1,959 | 1,930 | 1,951 | 1,962 |
| OPM % | 23% | 21% | 21% | 23% | 26% | 26% | 16% | 23% | 23% | 23% | 22% | 21% | 22% |
| Other Income | 354 | 347 | 309 | 343 | 364 | -560 | 223 | 270 | 333 | 400 | 447 | 394 | 354 |
| Interest | 18 | 0 | 6 | 6 | 7 | 46 | 43 | 63 | 65 | 72 | 74 | 79 | 80 |
| Depreciation | 411 | 355 | 367 | 420 | 452 | 544 | 553 | 561 | 573 | 619 | 581 | 616 | 604 |
| PBT | 1,320 | 1,335 | 1,184 | 1,409 | 1,697 | 544 | 674 | 1,394 | 1,563 | 1,669 | 1,722 | 1,651 | 1,632 |
| Tax % | 20% | 28% | 28% | 25% | 28% | 25% | 26% | 25% | 25% | 24% | 25% | 25% | — |
| Net Profit | 1,056 | 967 | 854 | 1,060 | 1,222 | 406 | 501 | 1,052 | 1,173 | 1,262 | 1,293 | 1,246 | 1,247 |
| EPS in Rs | 13.85 | 12.68 | 11.26 | 14.04 | 16.14 | 5.3 | 6.63 | 13.85 | 15.41 | 16.55 | 16.94 | 16.3 | 16.3 |
| Div. Payout % | 25% | 27% | 39% | 39% | 42% | 54% | 60% | 52% | 57% | 56% | 54% | 53% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 195 | 195 | 195 | 244 | 305 | 305 | 305 | 305 | 305 | 305 | 305 | 381 |
| Reserves | 7,322 | 8,112 | 8,576 | 9,078 | 10,023 | 9,741 | 9,883 | 10,451 | 10,921 | 11,519 | 12,077 | 12,562 |
| Borrowings | 190 | 10 | 62 | 62 | 771 | 70 | 723 | 735 | 779 | 939 | 861 | 965 |
| Other Liabilities | 1,289 | 1,262 | 1,293 | 1,534 | 1,700 | 1,673 | 1,500 | 1,511 | 1,460 | 1,276 | 1,234 | 1,269 |
| Total Liabilities | 8,995 | 9,579 | 10,126 | 10,918 | 12,798 | 11,789 | 12,410 | 13,002 | 13,465 | 14,038 | 14,477 | 15,176 |
| Fixed Assets | 3,675 | 3,008 | 3,658 | 4,019 | 4,564 | 5,348 | 5,663 | 5,723 | 5,621 | 6,015 | 6,578 | 7,172 |
| CWIP | 395 | 623 | 617 | 692 | 626 | 943 | 923 | 755 | 837 | 893 | 854 | 906 |
| Investments | 488 | 1,101 | 1,080 | 1,126 | 1,169 | 1,199 | 1,261 | 1,207 | 1,213 | 1,107 | 1,121 | 1,069 |
| Other Assets | 4,437 | 4,848 | 4,771 | 5,080 | 6,438 | 4,299 | 4,564 | 5,317 | 5,794 | 6,024 | 5,924 | 6,029 |
| Total Assets | 8,995 | 9,579 | 10,126 | 10,918 | 12,798 | 11,789 | 12,410 | 13,002 | 13,465 | 14,038 | 14,477 | 15,176 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1,166 | -781 | 2,029 | 1,313 | -1,941 | 4,286 | 1,029 | 1,369 | 1,406 | 1,388 | 1,712 | 1,482 |
| Investing | -648 | -753 | -882 | -745 | 1,381 | -2,875 | 34 | -1,070 | -593 | -699 | -629 | -236 |
| Financing | -349 | -298 | -292 | -492 | 481 | -1,470 | -457 | -595 | -854 | -840 | -914 | -954 |
| Net Cash Flow | 169 | -1,833 | 855 | 76 | -79 | -59 | 606 | -296 | -41 | -150 | 169 | 292 |
| Free Cash Flow | 167 | -1,641 | 945 | 433 | -2,658 | 3,290 | 567 | 765 | 835 | 603 | 868 | 344 |
| CFO/OP | 110 | -34 | 194 | 111 | -78 | 261 | 121 | 99 | 98 | 93 | 97 | 95 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 3 | 4 | 5 | 5 | 9 | 9 | 9 | 10 | 14 | 16 | 20 |
| Cash Conversion Cycle | 4 | 3 | 4 | 5 | 5 | 9 | 9 | 9 | 10 | 14 | 16 | 20 |
| Working Capital Days | -37 | -15 | 5 | 5 | 131 | -25 | -37 | -32 | -20 | -11 | -4 | 2 |
| ROCE % | 18% | 16% | 14% | 15% | 16% | 13% | 7% | 13% | 14% | 14% | 14% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
Frequently Asked Questions about Container Corporation of India
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Company Information
Container Corporation Of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the Management of Ports, Air cargo complexes and establishes cold chains. [1]
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