Container Corporation of India Ltd (NSE: CONCOR): The market experienced an enormous gap of up on Friday, and the Nifty reached its real resistance mark at the beginning of trading.
The season of earnings is currently underway for the stock market. Certain companies are yet to publish their latest quarter-end results, but some companies have already announced their earnings.
Railway PSU Container Corporation of India Ltd or CONCOR reported its results for the quarter on Thursday. The net profit grew in the range of 6 percent.
CONCOR is also announcing a dividend payout to its shareholders. The stock is currently in the spotlight on Friday’s market.
CONCOR share was trading 2 percent lower at Rs 977.85 the previous day.
CONCOR has also declared an interim dividend for its shareholders, and the date of payment has been set at August 17, 2024.
This is the record date that is used to determine which investors will get corporate dividends.
Concor Dividend Pay-Out Date
The dividend from Concor is expected to be distributed out to shareholders as of August 23rd, 2024. The company stated that the dividend would get paid in the 30th day after its announcement.
The date of payout is the day when the dividend declared by the company will be distributed to those investors who qualify.
Concor’s market capitalization as of the current market prices is 59,619.45 crore.
Based on BSE Analytics, its shares have yielded 14 percent as of 2024. They have earned a return of 38.5 percent over the past year, and 102 percent over the past five years.
Based on data, 8 analysts have a Strong Buy rating to Concor. Seven analysts have stated that if investors own this stock, then they must keep it.
This PSU Stock Didn’t Fall A Great Deal
While Concor’s price hit the level at Rs 1180 on June 20, 2024. Thereafter there was constant profit-booking in the stock, it was not impacted as did other railway PSUs following the budget.
The stock was trading for Rs 1030 the day before when the budget was announced.
On the date of budget when other railway PSU stocks dropped by 20 percent during market volatility the stock didn’t slide much and was down 5 percent.
Since then, the other railroad PSU stocks have dropped quite a bit, but Concor has held its levels and its range.
Even though it fell by 6 percent over the past month, it is not as significant in the declining market as other rivals within its industry.
Container Corporation of India Ltd Stock Performance
| Current Price | ₹ 981 |
| 52-wk High | ₹ 1,194 |
| 52-wk Low | ₹ 646 |
| 5 Days Return | -1.53% |
| 1 Month Return | -6.10% |
Key Fundamentals Parameters
| Market Cap | ₹ 59,760 Cr. |
| Stock P/E | 46.9 |
| Book Value | ₹ 194 |
| Dividend | 0.92 % |
| ROCE | 13.7 % |
| ROE | 10.9 % |
| Face Value | ₹ 5.00 |
| P/B Value | 5.05 |
| OPM | 22.7 % |
| EPS | ₹ 20.9 |
| Debt | ₹ 939 Cr. |
| Debt to Equity | 0.08 |
Container Corporation of India Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 6,530 Cr |
| 2021 | ₹ 6,427 Cr |
| 2022 | ₹ 7,653 Cr |
| 2023 | ₹ 8,169 Cr |
| 2024 | ₹ 8,834 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 406 Cr |
| 2021 | ₹ 501 Cr |
| 2022 | ₹ 1,054 Cr |
| 2023 | ₹ 1,173 Cr |
| 2024 | ₹ 1,276 Cr |
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
