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Profit & Loss
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Mkt Cap
Market Capitalization
₹39,193Cr
Rev Gr TTM
Revenue Growth TTM
2.01%
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Compare up to 10 companies side by side across valuation, profitability, and growth.

CONCOR
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 6.2 | -3.6 | 10.5 | 10.3 | 6.5 | 9.4 | 4.2 | -0.1 | -1.6 | 2.4 | 2.9 | 4.5 |
| 1,733 | 1,527 | 1,648 | 1,693 | 1,827 | 1,662 | 1,706 | 1,743 | 1,847 | 1,721 | 1,779 | 1,793 |
Operating Profit Operating ProfitCr |
| 20.6 | 20.6 | 24.9 | 23.4 | 21.4 | 21.0 | 25.4 | 21.1 | 19.3 | 20.1 | 24.4 | 22.3 |
Other Income Other IncomeCr | 94 | 81 | 105 | 92 | 93 | 94 | 96 | 96 | 129 | 95 | 88 | 92 |
Interest Expense Interest ExpenseCr | 17 | 16 | 17 | 19 | 20 | 19 | 19 | 18 | 17 | 17 | 19 | 20 |
Depreciation DepreciationCr | 158 | 142 | 153 | 159 | 165 | 169 | 166 | 85 | 160 | 162 | 147 | 154 |
| 371 | 319 | 482 | 431 | 406 | 347 | 493 | 457 | 392 | 349 | 498 | 433 |
| 96 | 77 | 119 | 106 | 105 | 87 | 122 | 117 | 104 | 90 | 129 | 104 |
|
Growth YoY PAT Growth YoY% | 8.6 | -17.6 | 22.6 | 13.0 | 9.9 | 7.5 | 2.3 | 4.5 | -4.5 | -0.4 | -0.6 | -3.5 |
| 12.6 | 12.6 | 16.5 | 14.7 | 13.0 | 12.4 | 16.2 | 15.4 | 12.6 | 12.0 | 15.7 | 14.2 |
| 3.7 | 3.2 | 4.8 | 4.3 | 4.2 | 3.4 | 4.8 | 4.8 | 3.9 | 3.5 | 5.0 | 4.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 15.2 | 2.5 | -4.8 | 10.6 | 5.2 | -6.0 | -1.7 | 19.1 | 6.8 | 5.9 | 2.7 | 2.4 |
| 4,728 | 4,936 | 4,734 | 5,121 | 5,165 | 4,846 | 5,380 | 5,904 | 6,304 | 6,695 | 6,958 | 7,140 |
Operating Profit Operating ProfitCr |
| 22.8 | 21.4 | 20.8 | 22.6 | 25.7 | 25.9 | 16.3 | 22.9 | 22.8 | 22.6 | 21.7 | 21.6 |
Other Income Other IncomeCr | 355 | 347 | 309 | 343 | 365 | -560 | 223 | 271 | 335 | 387 | 446 | 404 |
Interest Expense Interest ExpenseCr | 18 | 0 | 4 | 6 | 7 | 46 | 43 | 62 | 64 | 71 | 73 | 74 |
Depreciation DepreciationCr | 411 | 355 | 367 | 420 | 452 | 544 | 553 | 561 | 573 | 619 | 581 | 622 |
| 1,320 | 1,335 | 1,184 | 1,409 | 1,697 | 544 | 674 | 1,396 | 1,563 | 1,655 | 1,721 | 1,671 |
| 264 | 368 | 329 | 349 | 474 | 138 | 173 | 342 | 390 | 406 | 429 | 427 |
|
| 11.7 | -8.4 | -11.6 | 24.1 | 15.3 | -66.8 | 23.4 | 110.4 | 11.4 | 6.4 | 3.5 | -3.7 |
| 17.3 | 15.4 | 14.3 | 16.0 | 17.6 | 6.2 | 7.8 | 13.8 | 14.4 | 14.4 | 14.5 | 13.7 |
| 17.3 | 9.8 | 9.0 | 13.9 | 16.1 | 5.3 | 6.6 | 13.8 | 15.4 | 16.6 | 17.0 | 16.8 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 195 | 195 | 195 | 244 | 305 | 305 | 305 | 305 | 305 | 305 | 305 | 381 |
| 7,322 | 8,112 | 8,576 | 9,078 | 10,023 | 9,741 | 9,883 | 10,449 | 10,922 | 11,522 | 12,076 | 12,407 |
Current Liabilities Current LiabilitiesCr | 957 | 744 | 848 | 1,164 | 2,044 | 1,177 | 1,330 | 1,423 | 1,348 | 1,246 | 1,180 | 1,181 |
Non Current Liabilities Non Current LiabilitiesCr | 430 | 432 | 400 | 321 | 323 | 457 | 790 | 722 | 789 | 866 | 810 | 883 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 3,299 | 1,380 | 2,682 | 3,264 | 4,747 | 2,928 | 3,217 | 3,675 | 4,128 | 4,286 | 4,843 | 5,140 |
Non Current Assets Non Current AssetsCr | 5,695 | 8,201 | 7,445 | 7,656 | 8,053 | 8,861 | 9,193 | 9,326 | 9,337 | 9,755 | 9,633 | 9,820 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1,166 | -781 | 2,029 | 1,313 | -1,941 | 4,286 | 1,029 | 1,370 | 1,406 | 1,387 | 1,712 |
Investing Cash Flow Investing Cash FlowCr | -648 | -753 | -882 | -745 | 1,381 | -2,875 | 34 | -1,068 | -593 | -697 | -629 |
Financing Cash Flow Financing Cash FlowCr | -349 | -299 | -293 | -492 | 481 | -1,470 | -457 | -595 | -854 | -840 | -914 |
|
Free Cash Flow Free Cash FlowCr | 321 | -1,388 | 943 | 515 | -2,719 | 3,606 | 555 | 601 | 917 | 658 | 838 |
| 110.5 | -80.8 | 237.6 | 123.9 | -158.8 | 1,056.4 | 205.5 | 130.0 | 119.8 | 111.1 | 132.5 |
CFO To EBITDA CFO To EBITDA% | 83.7 | -58.2 | 162.9 | 88.0 | -108.4 | 253.0 | 98.3 | 78.3 | 75.4 | 70.8 | 88.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 30,830 | 24,199 | 24,782 | 30,314 | 31,967 | 20,195 | 36,390 | 40,969 | 35,388 | 53,752 | 42,072 |
Price To Earnings Price To Earnings | 29.2 | 25.1 | 28.9 | 28.4 | 26.0 | 50.1 | 72.0 | 38.8 | 30.1 | 43.1 | 32.6 |
Price To Sales Price To Sales | 5.0 | 3.8 | 4.1 | 4.5 | 4.5 | 3.0 | 5.6 | 5.3 | 4.3 | 6.1 | 4.7 |
Price To Book Price To Book | 4.1 | 2.9 | 2.8 | 3.3 | 3.1 | 2.0 | 3.6 | 3.8 | 3.1 | 4.5 | 3.4 |
| 20.1 | 17.4 | 18.5 | 19.0 | 18.2 | 10.7 | 33.1 | 22.2 | 17.7 | 26.3 | 20.4 |
Profitability Ratios Profitability Ratios |
| 99.7 | 99.5 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 22.8 | 21.4 | 20.8 | 22.6 | 25.7 | 25.9 | 16.3 | 22.9 | 22.8 | 22.6 | 21.7 |
| 17.3 | 15.4 | 14.3 | 16.0 | 17.6 | 6.2 | 7.8 | 13.8 | 14.4 | 14.4 | 14.5 |
| 17.4 | 16.1 | 13.4 | 15.1 | 15.3 | 5.8 | 6.6 | 12.7 | 13.6 | 13.5 | 13.6 |
| 14.1 | 11.6 | 9.7 | 11.4 | 11.8 | 4.0 | 4.9 | 9.8 | 10.4 | 10.6 | 10.4 |
| 11.7 | 10.1 | 8.4 | 9.7 | 9.6 | 3.4 | 4.0 | 8.1 | 8.7 | 8.9 | 8.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Container Corporation of India Ltd. (CONCOR) is a leading public sector logistics company and the pioneer of containerized rail freight in India. Incorporated in 1988 and operational since November 1989, CONCOR operates under the Ministry of Railways and serves as the backbone of India’s multimodal logistics infrastructure. The company dominates the rail container freight segment with an estimated **~55% market share** and manages the **largest network of container terminals in India**, operating at over **190 locations**, including all major ports and industrial hubs.
As of FY25, CONCOR continues its strategic transformation from a traditional rail logistics provider into a **fully integrated, technology-driven, end-to-end logistics solutions company**, leveraging multimodal infrastructure, digital innovation, and sustainability to align with national initiatives such as the **Gati Shakti National Master Plan**, **Dedicated Freight Corridors (DFCs)**, and **National Logistics Policy**.
---
### **Strategic Highlights (Recent Developments)**
#### **1. Bulk Cement Logistics (Oct 2025)**
- CONCOR has entered a **strategic partnership with UltraTech Cement Ltd.**, India’s largest cement manufacturer, to transport **bulk cement using specialized tank containers** via dedicated rakes.
- This initiative marks a **first-of-its-kind large-scale modal shift** from road to rail for bulk cement, enhancing **sustainability, efficiency, and cost competitiveness**.
- The collaboration reduces **carbon emissions, road congestion, and logistics costs**, positioning CONCOR as a leader in green bulk logistics.
#### **2. Market Position & Operational Strength**
- Maintains a **~55% market share** in container rail freight (down from 75–78% due to rising private competition, but stabilized through network strength).
- Operates **66 terminals**, owns **17,485 wagons**, **53,211 containers**, and **over 387 rakes** (as of March 2025).
- Operated **6,302 double-stack container trains** during FY25, significantly boosting rail efficiency and capacity utilization.
- Runs **timetabled trains** on key routes like **Dadri–Mundra**, improving reliability and customer satisfaction.
#### **3. Expansion & Infrastructure Development**
- **Target: 100 terminals and 500 rakes by 2028**.
- Developing **Multimodal Logistics Parks (MMLPs)** along DFCs and industrial corridors. 15 greenfield MMLPs are under development at ~INR 3 billion each.
- Establishing **Private Freight Terminals (PFTs)** and **Gati Shakti Multi-Modal Cargo Terminals** with last-mile connectivity.
- Advancing **Rail Transshipment Hubs (RTHs)** and **double-stack long-haul operations** to improve freight efficiency.
#### **4. Fleet & Equipment Modernization**
- Procuring **BLCS wagons** (80-ton capacity, 100 km/h) to enhance bulk and heavy cargo efficiency.
- Deployed **8,862 new domestic containers** (FY25), supporting **‘Atmanirbhar Bharat’** by promoting local manufacturing.
- Total container fleet: **53,211 units**, including increasing numbers of **tank containers** for bulk liquids and cement.
#### **5. Diversification & New Service Verticals**
- Expanding into **freight forwarding, customs clearance, cold chain, distribution logistics, and 3PL warehousing**.
- Launching **air cargo services** through **CONCOR Air Ltd. (CAL)** with operations at Mumbai Airport; exploring **Air Freight Stations (AFS)** at other airports.
- Planning entry into **auto-car logistics, short sea shipping, offshore operations, and parcel services**.
- Developing **Built-to-Suit and Net-Zero Warehouses** under a **Public-Private Partnership (PPP) model** for e-commerce and electronics sectors.
#### **6. Green & Sustainable Logistics**
- **LNG Fleet Expansion**: 130 LNG trucks in operation; **300 planned**. India’s first LNG pump in North India to be commissioned at **Kathuwas MMLP**.
- **Solar Infrastructure**: Deployed solar-based power at multiple terminals.
- **ICE Battery Technology**: Acquired exclusive rights in India for **Japanese-made Ice Battery (IB) hybrid reefers**, enabling **50-hour diesel-free cooling** (2°C–25°C). Over **50 successful shipments** completed.
- **Temperature-Controlled Services**: Offers end-to-end cold chain logistics; launched ICE Battery trucks for first- and last-mile deliveries.
#### **7. Digital & Technological Transformation**
- Launched **e-Logistics Mobile App** for digitized first-mile and last-mile (FMLM) services. Over **5,683 TEUs handled digitally in FY25**.
- AI-powered **Transport Management System (TMS)**, **Digital Workplace**, and **KYCL (Know Your Container Location)** app for real-time tracking.
- Fully **IT-integrated operations** with EDI links to Indian Railways and Customs for seamless execution.
---
### **International & Strategic Alliances**
- **Global Expansion**: Exploring **India-Middle East-Europe Economic Corridor (IMEEC)** and **International North-South Transport Corridor (INSTC)** for access to Europe, Central Asia, and Russia.
- **Overseas Operations**: Transporting EXIM cargo in own containers to the Middle East and East Asia; initial exports to **Iran, Bangladesh, and Nepal**.
- **Partnerships**:
- **UltraTech Cement**: Bulk cement logistics via tank containers.
- **Shipping Corporation of India (SCI)**: MoU for integrated ocean-rail-road-waterways logistics under a **single-window model**.
- **PSA MESA & GSV (Gati Shakti Vishwavidyalaya)**: For academic-industry logistics innovation.
- **Rais Hassan Saadi Group (Dubai)**: Joint exploration of overseas shipping and logistics.
- **Maersk, DB Schenker, CMA CGM, APM Terminals, Transworld**: Strategic JVs in terminal management and logistics.
#### **Joint Ventures & Subsidiaries**
- **10 JVs and 4 subsidiaries** across rail, port, terminal, air cargo, and cold chain segments.
- Key JVs:
- **Star Track Terminals Pvt. Ltd. (Dadri)**
- **TCI CONCOR Multimodal Solutions Pvt. Ltd. (Cochin)**
- **Angul Sukinda Railway Ltd. (rail connectivity)**
- **India Gateway Terminal Pvt. Ltd. (Port operations)**
- Subsidiaries:
- **CONCOR Air Ltd. (CAL)** – Air cargo operations; cumulative returns of Rs. 69.32 crores (as of 2025).
- **Fresh & Healthy Enterprises Ltd. (FHEL)** – Cold chain infrastructure; converted Rai facility into an Agri-logistics Centre with cold storage and bonded warehousing.
---
### **Market Opportunity & Growth Drivers**
- **Dedicated Freight Corridors (DFCs)**: Full commissioning of **Western DFC** (by Dec 2025) will boost EXIM and domestic container volume, with **time-assured train services**.
- **Rising Domestic Containerization**: Shift from bagged to containerized transport in **cement, food grains, ceramics, and petrochemicals**.
- **E-commerce & 3PL Demand**: Growing need for **Grade A warehousing, built-to-suit facilities, and last-mile logistics**.
- **Government Initiatives**: Leverages **Gati Shakti, National Logistics Policy, and DFCs** to enhance efficiency and reduce logistics costs by 30–40%.
---
### **Leadership & Innovation**
Under the leadership of **Mr. Swarup**, CONCOR has:
- Introduced **passive cooling technology** and **Ice Battery reefers**.
- Pioneered **bulk cement-in-containers** and **double-stack operations**.
- Reduced **empty wagon costs by 48%** via optimized scheduling.
- Strengthened **international rail links** (INSTC with Russian Railways, Nepal dry port).
- Implemented **AI-based TMS, KYCL, and digital workplace systems**.