CON­TAINER COR­PO­RA­TION

{Ticker : 531344 { BUY: ₹671.20 { Tar­get: ₹754

Flash News Investment - - RECOMMENDATIONS -

Con­tainer Cor­po­ra­tion is en­gaged in trans­porta­tion of con­tain­ers through rail and road and han­dling of con­tain­ers. In Q2FY19, com­pany’s rev­enue in­creased by 26.1 per­cent YoY with do­mes­tic rev­enue up by 23 per­cent YoY and ex­port-im­port rev­enue up by 20 per­cent YoY. EBITDA grew by 29.9 per­cent YoY and the EBITDA mar­gin stood at 22.2 per­cent, up by 64 bps. PAT for the quar­ter jumped by 46.8 per­cent YoY from Rs 228.9 crore to Rs 336.1 crore. It has a dom­i­nant share in con­tainer rail trans­port (74 per­cent) as rail­ways are pre­ferred over roads due to high fuel prices. For FY19, the com­pany plans to in­crease the dou­ble stacked train by 50 per­cent with vol­ume and rev­enue growth of 12 per­cent. By FY20, it plans to achieve tar­get of 100 ter­mi­nals as against 82 at present. Thus, we rec­om­mend it as a BUY.

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