Why I Like Container Corporation of India Limited (NSE:CONCOR)
Container Corporation of India Limited (NSEI:CONCOR) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of CONCOR, it is a highly-regarded dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Container of India here.
Flawless balance sheet average dividend payer
CONCOR’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This suggests prudent control over cash and cost by management, which is a key determinant of the company’s health. CONCOR seems to have put its debt to good use, generating operating cash levels of 12.12x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
Income investors would also be happy to know that CONCOR is a great dividend company, with a current yield standing at 1.31%. CONCOR has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For Container of India, I’ve put together three fundamental aspects you should further research:
Future Outlook: What are well-informed industry analysts predicting for CONCOR’s future growth? Take a look at our free research report of analyst consensus for CONCOR’s outlook.
Historical Performance: What has CONCOR’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CONCOR? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
