The general evaluation of CONTAINER CORP.OF INDIA (IN), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 18, 2022, the cl...
CONTAINER CORPORATION: DFC commissioning to drive earnings growth (CCRI IN, Mkt Cap USD5.3b, CMP INR644, TP INR780, 21% Upside, Buy) Earnings outlook positive on account of improving margins Container Corporation (CCRI) reported surprisingly strong 1QFY22 earnings – reported EBITDA at INR4.3b beat our estimate by 31%, led by better-than-expected realization and lower-than-expected LLF provisioning. We believe the commissioning of the Dedicated Freight Corridor (DFC) is a big positive ...
Q3FY20 result highlights Adj. PAT fell 36% yoy to Rs1.76bn: due to no recognition of SEIS income (export incentive), muted operational performance and higher tax. Revenue declined 3% yoy to Rs15.3bn: due to 1.7% yoy volume decline (EXIM -2.4% yoy & domestic +2.4% yoy; originating -3.5% yoy) led by weak macro trade as reflected in port volumes. Further realisations were down 1.2% yoy (exim -1.3%; domestic -2.4%) due to lower lead distances and adverse mix towards higher movement of empty flat...
CONTAINER CORPORATION: Market share loss continues (CCRI IN, Mkt Cap USD4.9b, CMP INR573, TP INR660, 15% Upside, Buy) DFCC commissioning remains key Container Corporation's (CCRI) results highlight its market share loss v/s peers. CCRI's market share has reduced from 73% last year to 67% currently. However, margins have improved for the company by 3pp YoY. We maintain our FY20/FY21 est. and Buy rating. The commissioning of DFCC should be a key volume/margin growth trigger for the compan...
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