Corporate Courier & Cargo Ltd

Corporate Courier & Cargo Ltd

₹ 2.98 -4.79%
04 Mar 2024
About

Incorporated in 1986, Corporate Couriers and Cargo Ltd is a service company, primarily rendering Logistic services. Company is also into Real Estate and Engineering services.

Key Points

Services Offered:[1]
a) Logistics: Company offers cargo tracking, freight forwarding, and customized freight solutions through their logistics vertical.
b) Real Estate: Company started the Construction and allied business in Mid of FY 16-17 but has now demerged the Real Estate Segment to Mahesh Developers Private Limited.
c) Engineering Services: Company started this segment and allied business in last quarter of FY 16-17 and has presently demerged the Engineering Services Segment to Harish Textile Engineers Private Limited.
d) Fyipe: It is the company's app to be used by both Businesses and Customers, allowing the business user to become the Customer for other services.

  • Market Cap 2.15 Cr.
  • Current Price 2.98
  • High / Low 6.25 / 2.07
  • Stock P/E
  • Book Value 0.74
  • Dividend Yield 0.00 %
  • ROCE -6.29 %
  • ROE -8.26 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.05 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 5.99%
  • Company might be capitalizing the interest cost
  • Promoters have pledged 99.9% of their holding.
  • Company has high debtors of 217 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Logistics Industry: Couriers

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
0.03 -0.05 0.05 0.39 0.27 0.52 0.27 0.35 0.44 0.04 0.00 0.00 0.00
0.01 0.06 0.01 0.17 0.27 0.77 0.26 0.21 0.25 0.43 0.01 0.02 0.01
Operating Profit 0.02 -0.11 0.04 0.22 0.00 -0.25 0.01 0.14 0.19 -0.39 -0.01 -0.02 -0.01
OPM % 66.67% 80.00% 56.41% 0.00% -48.08% 3.70% 40.00% 43.18% -975.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.02 -0.11 0.04 0.22 0.00 -0.25 0.01 0.14 0.19 -0.39 -0.01 -0.02 -0.01
Tax % 0.00% 27.27% 0.00% 27.27% 124.00% 0.00% 28.57% 26.32% 23.08% 0.00% 0.00% 0.00%
0.01 -0.08 0.04 0.16 0.00 0.06 0.00 0.11 0.14 -0.30 -0.01 -0.02 -0.01
EPS in Rs 0.01 -0.11 0.06 0.22 0.00 0.08 0.00 0.15 0.19 -0.42 -0.01 -0.03 -0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0.00 0.04 0.08 0.02 0.00 0.49 0.49 0.38 0.61 0.12 1.22 1.11 0.04
0.00 0.15 0.09 0.02 0.05 0.33 0.33 0.10 0.14 0.12 1.21 1.16 0.47
Operating Profit 0.00 -0.11 -0.01 0.00 -0.05 0.16 0.16 0.28 0.47 0.00 0.01 -0.05 -0.43
OPM % -275.00% -12.50% 0.00% 32.65% 32.65% 73.68% 77.05% 0.00% 0.82% -4.50% -1,075.00%
0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.14 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.00 -0.11 -0.01 0.00 -0.05 0.17 0.17 0.28 0.61 0.00 0.01 -0.05 -0.43
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 21.43% 22.95% -2,600.00% 0.00%
0.00 -0.11 -0.01 0.00 -0.05 0.17 0.17 0.22 0.47 0.00 0.27 -0.05 -0.34
EPS in Rs 0.00 -0.18 -0.02 0.00 -0.08 0.28 0.28 0.31 0.65 0.00 0.38 -0.07 -0.47
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 39%
5 Years: 18%
3 Years: 22%
TTM: -97%
Compounded Profit Growth
10 Years: 4%
5 Years: %
3 Years: %
TTM: -210%
Stock Price CAGR
10 Years: -6%
5 Years: -26%
3 Years: -16%
1 Year: -47%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: -8%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 5.98 5.98 5.98 5.98 5.98 5.98 5.98 7.18 7.18 7.18 7.18 7.18 7.18
Reserves -7.00 -7.11 -7.12 -7.12 -7.17 -7.27 -7.16 -6.52 -6.82 -6.82 -6.55 -6.60 -6.64
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.00 0.00 0.06 0.32 0.31
1.19 1.21 1.22 1.16 1.21 1.89 1.88 0.09 0.25 0.25 0.34 0.48 0.50
Total Liabilities 0.17 0.08 0.08 0.02 0.02 0.60 0.70 0.82 0.61 0.61 1.03 1.38 1.35
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.11 0.00 0.00 0.00 0.00 0.00 0.00
0.16 0.07 0.07 0.01 0.01 0.59 0.59 0.82 0.61 0.61 1.03 1.38 1.35
Total Assets 0.17 0.08 0.08 0.02 0.02 0.60 0.70 0.82 0.61 0.61 1.03 1.38 1.35

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.82 0.85 0.00 -0.04 -0.28
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.78 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.81 -0.07 0.00 0.06 0.26
Net Cash Flow 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.02 -0.02

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0.00 0.00 0.00 365.00 365.00 557.11 215.41 1,064.58 134.63 217.03
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 365.00 365.00 557.11 215.41 1,064.58 134.63 217.03
Working Capital Days -182.50 -91.25 -182.50 223.47 223.47 691.58 203.44 1,034.17 191.48 286.08
ROCE % 0.00% 111.93% 0.00% 1.90% -6.29%

Shareholding Pattern

Numbers in percentages

Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
5.99% 5.99% 5.99% 0.00% 0.00% 5.99% 5.99% 5.99% 5.99% 5.99% 5.99% 5.99%
0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24%
93.77% 93.77% 93.77% 99.76% 99.76% 93.77% 93.77% 93.77% 93.77% 93.77% 93.76% 93.76%
No. of Shareholders 9,7319,7329,8619,9199,94010,21910,4049,41611,70312,21012,20212,237

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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