Container Corporation of India declares record date for 1:4 bonus shares. Details here

The Board of Directors of Container Corporation Of India, in a meeting held on Thursday, set July 04 (Friday) as the record date for its proposed bonus issue. On May 28, the company had announced the issuance of bonus shares in a 1:4 ratio, i.e., one fully paid-up equity share of ₹5 for every four existing fully paid-up equity shares.

"The Company has fixed Friday, July 04, 2025, as the Record Date for determining the eligibility of shareholders for issuance of Bonus Shares, which is subject to approval of shareholders," Container Corporation Of India said in its regulatory filing.

As per SEBI’s circular dated September 16, 2024, the deemed date of allotment will be Monday, July 07, 2025, and the bonus shares will be available for trading from Tuesday, July 08, 2025.

Container Corporation of India share price trend

The shares have remained under pressure in recent weeks amid ongoing challenges in the Indian stock market. Over the last 11 trading sessions, the stock has declined from ₹804 to ₹723, resulting in a 10% correction.

Taking this recent fall into account, the stock has corrected 40% from its all-time high of ₹1,193, recorded in July 2024. Despite the steep decline, analysts remain bullish on the stock, citing the company's market leadership and strong positioning.

Domestic brokerage firm Motilal Oswal, in a recent report, retained its ‘Buy’ call on the stock and raised the target price to ₹980 apiece, as it expects a 10% CAGR in blended volumes and EBITDA margins of 23–24% over FY25–27.

The company has achieved a record 5.1 million TEUs in FY25 (up 8% YoY), with domestic volumes rising 12% and EXIM volumes growing 7%, despite global trade challenges. For FY26, it targets total volume growth of 13% (10% EXIM, 20% domestic), driven by new services, high-margin sectors like FMCG, and benefits from the Dedicated Freight Corridor (DFC).

The brokerage further highlighted that the Dadri-to-Mundra DFC route, operational since May 2023, has shifted CCRI’s business towards rail, enhancing efficiency. It believes that the full commissioning of the DFC by FY26 is expected to redirect northern hinterland volumes to JNPT, leveraging CCRI’s strong presence.

With a capex of ₹8.1 billion in FY25 and a target of ₹8.6 billion for FY26, CCRI plans to expand its fleet to 500+ rakes (from 388 currently) and 70,000 containers (up from 53,000+) by 2028, across 100 terminals. Additionally, four new terminals in FY26 are expected to unlock more freight corridors.

With total container volumes at Indian ports estimated at 23 million TEUs annually, CCRI’s extensive network and ongoing infrastructure investments position it well to capture incremental market share, according to the brokerage.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.