Container Corp. - Best Is Yet To Come: Nirmal Bang
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Nirmal Bang Report
Our optimism on Container Corporation of India Ltd. stems from the anticipated multifold growth in profitability due to the beneficial impact of following:
Strong push by the Ministry of Railways to improve freight market share from 28% currently to 44% by improving infrastructure.
Operationalization of the Dedicated Freight Corridors by June 2022, which is expected to sharply increase asset utilization.
Focused strategy by the company for long haul freight and removal of discounts, which have led to improvement in margins.
Cost cutting through reduction of manpower and other overhead expenses will lead to further improvement in margins.
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