š CONCOR Declares Bonus + ā¹11.5/share Dividend, But Auditors Raise Eyebrows ā Should You Still Board the Logistics Express?
At a glance: CONCOR (Container Corporation of India Ltd), the Navratna CPSE darling of India’s freight logistics game, posted a healthy ā¹1,698 crore profit before tax in FY25. Along with that, itās raining dividends (ā¹11.5/share total!) and even a 1:4 bonus issue. But waitāauditors are waving red flags on land lease accounting, 3-year-old trade receivables, and some chunky balance sheet mysteries. So should investors be euphoric… or cautious?
š About the Company
CONCOR is a government-owned, multi-modal logistics giant.
Dominates the EXIM and domestic container freight movement game across India.
Core operations: rail freight, terminals, and warehousing.
Itās the IRCTC of Freight ā except with way more containers and way fewer samosas.
š§ Key Managerial Personnel (KMP)
Name
Designation
Sanjay Swarup
Chairman & MD
Board
Mix of Govt nominees & executives
(PS: From Nov 2024 to March 2025, they didnāt have any Independent Directors. SEBI must be thinking āBhai ye kya startup jaisa kar rahe ho?ā)
š FY25 Financials (Standalone)
Metric
FY25 (ā¹ Cr)
FY24 (ā¹ Cr)
YoY Growth
Revenue from Ops
8,863.37
8,632.49
+2.7%
Other Income
465.16
378.27
+23%
Total Income
9,328.53
9,010.76
+3.5%
Rail Freight Expense
5,022.02
4,910.09
+2.2%
PAT (Standalone)
1,271.98
1,230.79
+3.3%
EPS
ā¹20.88
ā¹20.20
+3.4%
Cash from Ops
ā¹1,665 Cr
ā¹1,369 Cr
+21.6%
Not bad. Butā¦
š§¾ Dividend + Bonus Party š
Final Dividend: ā¹2/share (in addition to ā¹9.5 already paid as 3 interim
