Sales have grown from around Rs. 8000 million to around Rs. 33000 million from 2000 to 2008. Profits have grown from around Rs. 1000 million to around Rs. 7000 million from 2000 to 2008.
Container Corporation has been earning a return of at least 20% on its net worth per year from 2000 to 2008. Container Corporation has earnings per share of around Rs. 60 in the last 12 months.
Container Corporation has a cash and bank balance of around Rs. 15000 million. It has net current assets of around Rs. 11000 million. It has investments of around Rs. 1000 million. It has a net worth of around Rs. 31000 million. It has a market capitalization of around Rs. 150000 million.
At a market price of around Rs. 1200 and earnings of around Rs. 60 the rate of return is approximately 5% which is less than that of a fixed deposit which gets more than 5% currently. The company seems to be fairly priced at around Rs.1200.
Container Corporation is in the Transport business. It has no debt. Competitors are Jet Airways, Allcargo Global, Kingfisher Air, Transport Corp and SpiceJet.
No comments:
Post a Comment