Container Corporation Of India Ltd. is a wholly-owned subsidiary of the Government of India, the Ministry of Railways, and the Indian Railways. It is engaged in the business of transportation of containers (road and rail) and handling of containers. The company was incorporated in 1988, with its headquarters in New Delhi. For the June 2022 quarter, CONCOR reported a total income of Rs 2,062.50 crore, down 3.10% from the previous quarter that ended in March 2022. On 20 October 2022, the company’s market capitalisation stood at Rs 45,337 crore.
The company is listed on the Bombay Stock Exchange with the code 531344, and on the National Stock Exchange with the code CONCOR.
Container Corporation Of India Ltd. is also engaged in the operation of logistics facilities, including private freight terminals, container freight stations, and dry ports. It operates through two divisions—Domestic and EXIM. It is recognised as a Navaratna Company.
On 30 June 2022, the company’s shareholding pattern represented a 54.8% promoter stake, 23.65% FII stake, 16.93% DII stake, and 4.63% public stake. The promoter share belongs to the President of India. In the June 2022 quarter, mutual funds increased holdings from 12.80% to 13.10%, while FIIs increased holdings from 23.54% to 23.65%.
The company’s top management comprises Mr V Kalyana Rama, Mr Pradip K Agrawal, Mr Rajesh Argal, Mr Rahul Mithal, Mr Manoj Kumar Dubey, Mr Sanjay Swarup, Mr Harish Chandra, and Mr Manoj Singh. The auditors are S N Nanda & Co. As of 30 June 2022, the company had 60.93 crore shares outstanding.
On 20 October 2022, the company’s share price closed at Rs 745.55 on BSE. On NSE, it closed at Rs 744.10. The share touched a 52-week high price of Rs 782 and a 52-week low price of Rs 554. By investing in the share, investors earned a 6-month return of 14.08% and a one-year return of 11.77%.
The company’s peers include TCI Express Ltd., VRL Logistics Ltd., Mahindra Logistics Ltd., and Transportation Corporation of India Ltd.
As of September 2022, DSP Midcap Fund had a 2.21% stake in the company. Nippon India Growth Fund and Kotak Flexi Cap Fund had a 1.60% stake and a 1.54% stake, respectively.
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