WEBSITE BSE:526737 NSE: CORPOR COUR Inc. Year: 1986 Industry: Courier Services My Bucket: Add Stock
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1. Business Overview
Corporate Courier & Cargo Ltd. is an Indian company engaged in providing integrated logistics and courier services. Its core business involves domestic and international courier services, cargo transportation (air, sea, and surface), freight forwarding, and supply chain solutions. The company caters to a diverse clientele, including businesses (B2B) and individuals (B2C), focusing on reliable and timely delivery of documents, parcels, and cargo. It makes money by charging customers based on factors such as weight, dimensions, distance, speed of delivery, and the type of service utilized.
2. Key Segments / Revenue Mix
While specific revenue contribution percentages for distinct segments are not publicly detailed for this company, its primary service offerings, which can be considered its operational segments, include:
Domestic Courier Services: Express and standard delivery of documents and parcels within India.
International Courier Services: Handling shipments to various countries globally.
Cargo Services: Transportation of heavier and bulkier goods via air, sea, and surface modes.
Freight Forwarding: Managing the logistics of goods for importers and exporters.
Logistics & Supply Chain Solutions: Potentially offering value-added services like warehousing, customs clearance, and specialized handling.
3. Industry & Positioning
The Indian courier and logistics industry is highly competitive and fragmented, characterized by the presence of large multinational players (e.g., FedEx, DHL), established national giants (e.g., Blue Dart, DTDC, Delhivery), and numerous smaller regional and local operators. Corporate Courier & Cargo Ltd. operates as a relatively smaller player within this competitive landscape. It likely focuses on building a niche through personalized service, specific regional strengths, or catering to particular customer segments where larger players might not offer specialized attention. Its positioning suggests it competes on service quality, reliability, and potentially competitive pricing for its target market.
4. Competitive Advantage (Moat)
Corporate Courier & Cargo Ltd. operates in an industry with generally low switching costs for customers, making a strong moat challenging for smaller players. Potential competitive advantages, if any, could include:
Niche Market Focus: Deep understanding and service excellence within a specific geographic region or for particular industry clients.
Client Relationships: Long-standing relationships with certain corporate clients built on trust and reliable service.
Operational Efficiency: Potential for lower operational costs in specific routes or services compared to larger, more structured competitors.
Flexibility: As a smaller entity, it might offer more flexible or customized solutions that larger players find difficult to accommodate.
However, without significant scale, technology investment, or a widespread brand, it faces an uphill battle in establishing a durable, wide moat against larger, well-funded competitors.
5. Growth Drivers
E-commerce Growth: The continuous expansion of online shopping in India drives demand for last-mile delivery and logistics services.
Economic Growth & Industrial Activity: Overall economic development and increased trade volume lead to higher demand for cargo and freight services.
Infrastructure Development: Improvements in road, rail, and air connectivity reduce transit times and operational costs.
Tier 2/3 City Penetration: Growth in demand from smaller cities and towns, which often require robust courier and cargo networks.
Digitization of Logistics: Adoption of technology for tracking, route optimization, and operational efficiency.
6. Risks
Intense Competition: Highly competitive market from established national and international players, leading to pricing pressure and market share challenges.
Fuel Price Volatility: Significant operating costs are tied to fuel, making profitability vulnerable to fuel price fluctuations.
Economic Slowdown: A downturn in economic activity can reduce overall demand for logistics and courier services.
Technology Disruption: Inability to invest in and adopt new technologies (e.g., AI, automation, advanced tracking) could lead to operational inefficiencies and loss of competitiveness.
Labor Costs & Availability: Reliance on a large workforce means rising labor costs or labor shortages can impact operations and profitability.
Regulatory Changes: Changes in transport laws, customs regulations, or GST policies could affect operations and compliance costs.
Operational Risks: Delays, damage, or loss of shipments can lead to customer dissatisfaction and financial liabilities.
7. Management & Ownership
Corporate Courier & Cargo Ltd. is promoted by its founding family/individuals. Publicly available information typically indicates that the promoters hold a significant stake in the company, aligning their interests with the company's performance. The management team generally comprises individuals with experience in the logistics and courier sector. Specific details on individual management backgrounds and the exact promoter holding percentage would be found in the company's annual reports and regulatory filings with the BSE/NSE.
8. Outlook
Corporate Courier & Cargo Ltd. operates in a sector with robust long-term tailwinds driven by India's economic growth and burgeoning e-commerce penetration. This presents opportunities for sustained demand for its services. However, the company faces formidable challenges from a highly competitive environment dominated by larger, well-funded players with extensive networks and technological capabilities. Its ability to grow and capture market share will depend on its capacity to differentiate its services, maintain operational efficiency, leverage any regional strengths, and adapt to evolving customer demands and technological advancements while managing cost pressures. Its future prospects will likely be tied to prudent expansion and maintaining strong client relationships within its chosen segments.
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Market Cap ₹2 Cr.
Stock P/E -41.8
P/B 3.9
Current Price ₹3
Book Value ₹ 0.8
Face Value 10
52W High ₹0
Dividend Yield 0%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | 0 | 0 | -0 | -0 | 0 | 0 | 0 | -0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -0 | -0 | 0 | 0 | 0 | -0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Tax | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 |
| Adjusted Earnings Per Share | 0.1 | 0.2 | -0 | 0.1 | 0 | 0.1 | 0.2 | -0.4 | -0 | -0 |
| #(Fig in Cr.) | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 1 | -0 | 0 | -0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 1 | -0 | 0 | -0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Tax | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 |
| Adjusted Earnings Per Share | -0.2 | -0 | -0 | -0.1 | 0.3 | 0.3 | 0.3 | 0.7 | -0 | 0.4 | -0.1 | -0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | -100% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -54% | -21% | -6% | -10% |
| ROE Average | -9% | 15% | 28% | 13% |
| ROCE Average | -6% | -1% | 23% | 11% |
| #(Fig in Cr.) | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | -1 | -1 | -1 | -1 | -1 | -1 | 1 | 0 | 0 | 1 | 1 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Liabilities | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Assets | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| #(Fig in Cr.) | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -0 | 0 | -0 | 0 | 0 | -2 | 1 | 0 | -0 | -0 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | -0 | 0 | 2 | -0 | -0 | 0 | 0 |
| Net Cash Inflow / Outflow | -0 | -0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.19 | -0.01 | -0.01 | -0.08 | 0.29 | 0.29 | 0.31 | 0.66 | -0 | 0.37 | -0.07 |
| CEPS(Rs) | -0.19 | -0.01 | -0.01 | -0.08 | 0.29 | 0.29 | 0.31 | 0.66 | -0 | 0.37 | -0.07 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -1.9 | -1.91 | -1.92 | -1.99 | -2.16 | -1.99 | 0.92 | 0.5 | 0.5 | 0.87 | 0.8 |
| Core EBITDA Margin(%) | -288.01 | -9.81 | -19.43 | 0 | 34.52 | 34.23 | 72.7 | 77.16 | -0.98 | 0.97 | -4.5 |
| EBIT Margin(%) | -288.01 | -9.81 | -19.43 | 0 | 35.28 | 35.26 | 72.7 | 108.98 | -0.98 | 0.99 | -4.45 |
| Pre Tax Margin(%) | -288.01 | -9.81 | -19.43 | 0 | 35.28 | 35.26 | 72.63 | 108.95 | -1.18 | 0.95 | -4.55 |
| PAT Margin (%) | -288.01 | -9.81 | -19.43 | 0 | 35.28 | 35.26 | 57.94 | 78.19 | -1.18 | 21.9 | -4.61 |
| Cash Profit Margin (%) | -288.01 | -9.81 | -19.43 | 0 | 35.28 | 35.26 | 57.94 | 78.19 | -1.18 | 21.9 | -4.61 |
| ROA(%) | -89.98 | -9.94 | -7.29 | -228.58 | 55.38 | 26.35 | 29.02 | 66.06 | -0.23 | 32.64 | -4.26 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 92.87 | -0.4 | 54.64 | -8.57 |
| ROCE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120.63 | -0.33 | 2.33 | -6.3 |
| Receivable days | 0 | 0 | 0 | 0 | 368.75 | 368.74 | 514.26 | 283.12 | 1078.3 | 119.6 | 181.52 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 28.36 | 60.67 | 64 | 17.07 | 0 | 11.94 | 0 |
| Price/Book(x) | -1.95 | -1.95 | -3.96 | -6.84 | -3.77 | -8.77 | 21.4 | 22.55 | 14.89 | 5.12 | 15.02 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 56.31 | 29.04 | 251.49 | 0 | 9.98 | 21.36 | 37.25 | 13.32 | 44.08 | 2.63 | 8 |
| EV/Core EBITDA(x) | -19.55 | -295.99 | -1294.34 | -171.87 | 28.08 | 60.58 | 51.24 | 12.22 | -4477.56 | 266.19 | -179.68 |
| Net Sales Growth(%) | 0 | 95.51 | -76.39 | -100 | 0 | 0.01 | -21.59 | 58.71 | -80.17 | 920.36 | -9 |
| EBIT Growth(%) | -4740.03 | 93.34 | 53.25 | -1254.62 | 461.99 | -0.04 | 61.66 | 137.91 | -100.18 | 1124.21 | -509.82 |
| PAT Growth(%) | -4740.03 | 93.34 | 53.25 | -1254.62 | 461.99 | -0.04 | 28.85 | 114.15 | -100.3 | 0 | -119.16 |
| EPS Growth(%) | -4717.95 | 93.35 | 52.8 | -1244.07 | 461.92 | -0.07 | 7.32 | 114.13 | -100.3 | 0 | -119.16 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.11 | 0.01 | 0 | 0.09 | 0.56 |
| Current Ratio(x) | 0.6 | 0.65 | 1.04 | 0.85 | 2.11 | 2.11 | 5.15 | 2.41 | 2.41 | 2.53 | 1.71 |
| Quick Ratio(x) | 0.6 | 0.65 | 1.04 | 0.85 | 2.11 | 2.11 | 5.15 | 2.41 | 2.41 | 2.53 | 1.71 |
| Interest Cover(x) | 0 | 0 | 0 | 0 | 0 | 0 | 1120.61 | 3265.58 | -5.11 | 28.97 | -43.88 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.02 | 0.04 |
| # | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Public | 99.76 | 99.76 | 93.77 | 93.77 | 93.77 | 93.77 | 93.77 | 93.77 | 93.77 | 93.77 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.72 | 0.72 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 |
* The pros and cons are machine generated.
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