Transport Corporation Of India Ltd.

•

tcil.comBSE: 532349NSE: TCI

Market Cap₹ 6,607 Cr.

Current Price

High / Low₹ 1,242 / 843

Stock P/E14.5

Book Value₹ 344

Price to Book2.77

Dividend Yield1.16 %

ROCE20.5 %

ROE19.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Freight Division: 45.2% • Supply Chain Solutions Division: 42.2% • Seaway Division: 12.5%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 25.0% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 20.8%
Company has consistently been profitable over the last 5 years
Company comfortably covers its interest (22.9x coverage)
Company has a consistent dividend-paying track record

CONS

Total debt has risen sharply - up 40.9% year on year
Effective tax rate is unusually low at 8.0% - earnings may be flattered
Growth is decelerating - 3Y profit CAGR (12.8%) trails the 5Y trend (25.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	499.80	30.65	38065.66	1.72	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	438.60	351.36	32864.05	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.25	133.05	14862.94	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	629.05	67.88	11459.23	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	859.95	14.47	6607.09	1.16	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	130.35	88.81	5751.35	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.88	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	396.65	102.33	3937.84	0.63	278.30	3048.09	20028.80	1132.85	10.40	5.76
9.	SINDHUTRAD	24.08	47.98	3712.96	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.34	10.91	2665.10	6.09	51.27	-17.56	549.30	-0.21	17.99	21.31
11.	TCIEXP	513.50	23.94	1974.11	1.36	20.49	5.24	313.40	9.29	13.92	10.03
12.	ALLCARGO	12.15	60.66	1819.80	0.00	140.00	241.47	5460.00	43.06	8.70	13.00

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	950	994	1,002	1,079	1,045	1,121	1,147	1,179	1,139	1,205	1,249	1,324	1,248
	849	893	902	970	941	1,004	1,029	1,057	1,018	1,078	1,122	1,181	1,156
Operating Profit	101	100	100	109	104	117	118	122	121	127	127	142	92
OPM %	10.61%	10.11%	9.97%	10.14%	9.93%	10.45%	10.33%	10.32%	10.62%	10.52%	10.17%	10.76%	7.38%
	8	11	10	14	11	11	7	18	11	12	12	12	6
Interest	2	3	4	4	4	5	6	6	5	6	6	6	7
Depreciation	31	31	33	33	29	29	30	29	29	30	32	36	36
Profit before Tax	76	77	73	86	82	94	89	105	98	103	101	113	117
Tax %	13.65%	12.44%	14.84%	3.26%	13.50%	11.60%	10.46%	11.48%	10.81%	12.16%	7.81%	6.98%	8.73%
Net Profit	0	0	0	0	92	107	102	115	107	114	116	124	107
	10.61	11.21	10.23	13.15	11.70	13.68	13.04	14.80	13.90	14.69	14.96	16.12	13.77

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,943	2,350	2,754	2,718	2,802	3,259	3,783	4,024	4,492	4,917	5,026
	1,781	2,133	2,504	2,477	2,541	2,848	3,359	3,614	4,031	4,400	4,538
Operating Profit	162	216	250	241	261	411	424	411	461	517	488
OPM %	8.32%	9.21%	9.06%	8.85%	9.32%	12.61%	11.21%	10.20%	10.27%	10.52%	9.71%
	12	14	19	10	12	18	27	43	47	48	43
Interest	30	32	37	34	27	13	10	13	20	23	24
Depreciation	59	69	77	82	93	113	121	128	118	127	135
Profit before Tax	100	152	179	159	174	330	364	388	459	500	434
Tax %	19.03%	18.80%	18.66%	10.01%	13.68%	11.39%	11.93%	8.67%	9.44%	8.00%	8.87%
Net Profit	81	124	145	143	150	293	321	354	416	460	395
EPS	10.61	16.07	18.80	18.54	19.07	37.34	40.83	45.12	53.83	59.45	—
Dividend Payout %	10.44%	9.95%	9.56%	10.79%	13.10%	16.02%	17.11%	15.51%	14.86%	16.82%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 12%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 25%
3 Years:: 13%

STOCK PRICE CAGR

10 Years:: 17%
5 Years:: 15%
3 Years:: 3%
1 Year:: -26%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 20%
3 Years:: 20%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	15	15	15	15	16	16	15	15
Minority Interest	4	5	5	6	9	27	30	33	36	39
	631	742	870	999	1,148	1,407	1,676	1,977	2,127	2,536
	424	441	472	424	290	90	88	161	196	252
Trade Payables	36	60	67	64	94	97	76	66	237	267
	119	134	186	175	182	190	215	249	322	372
Total Liabilities	1,229	1,398	1,616	1,683	1,739	1,827	2,101	2,501	2,934	3,482
	542	626	727	772	805	801	791	862	964	1,187
Capital Work in Progress	57	56	4	22	5	7	26	109	255	343
	87	104	117	135	150	193	286	543	411	487
	3	3	5	7	7	8	5	11	7	15
	0	0	0	0	0	0	0	601	722	816
Cash & Bank	19	14	16	26	40	74	185	96	85	113
	523	594	747	722	732	743	808	281	491	520
Total Assets	1,229	1,398	1,616	1,683	1,739	1,827	2,101	2,501	2,934	3,482

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	124	194	213	284	300	417	380	299	359	444
Cash from Investing	-122	-131	-158	-135	-107	-76	-193	-404	-99	-367
Cash from Financing	32	-30	-24	-104	-176	-258	-66	18	-292	-35
	8	-4	-3	3	21	34	102	-87	-32	42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.94	68.78	68.74	68.81	68.73	68.73	68.73	68.73	68.66
	2.92	3.01	3.35	3.17	3.18	3.19	3.10	3.03	3.04
	12.18	12.36	12.33	12.39	12.37	12.65	12.81	12.86	12.69
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.97	15.84	15.59	15.62	15.71	15.43	15.36	15.37	15.61

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Updates

2026-09-11 - Transport Corporation of India Limited has informed the Exchange regarding 'Intimation with respect to transfer of equity shares under Section 124(6) of the Companies Act, 2013 to the Investor Education and Protection Fund (IEPF) Authority'.

2026-09-11

Copy of Newspaper Publication

2026-09-11 - TCI has informed the Exchange about Submission of newspaper publications of the Notice for proposed transfer of equity shares to the Investor Education and Protection Fund ( IEPF ) Authority

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Transport Corporation of India Limited has informed the Exchange about Transcript for the quarter ended June 30, 2026

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - Transport Corporation of India Limited has informed the Exchange about Link of Recording

2026-08-03

Investor Presentation

2026-08-03 - Transport Corporation of India Limited has informed the Exchange about Investor Presentation

2026-07-31

Copy of Newspaper Publication

2026-07-31 - Transport Corporation of India Limited has informed the Exchange about copy of newspaper publication of unaudited financial results (standalone and consolidated) published for the period ended June 30, 2026

2026-07-30

Shareholders meeting

2026-07-30 - Voting Results and Scrutinizer's report of the 31st Annual General Meeting held on July 30, 2026.

2026-07-30

Shareholders meeting

2026-07-30 - Transport Corporation of India Limited has informed the Exchange regarding Summary of the Proceedings of Annual General Meeting held on July 30, 2026

2026-07-30

Press Release

2026-07-30 - Transport Corporation of India Limited has informed the Exchange regarding a press release dated July 30, 2026, on Unaudited Financial Results (Standalone and Consolidated) for the First Quarter Ended on June 30, 2026.

News

Recent coverage and analyst commentary for TCI

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Transport Corporation Of India Ltd.

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Free 5nance Account

Name

CONCOR

499.80

30.65

38065.66

1.72

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

438.60

351.36

32864.05

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.25

133.05

14862.94

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

629.05

67.88

11459.23

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

859.95

14.47

6607.09

1.16

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

130.35

88.81

5751.35

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.88

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

396.65

102.33

3937.84

0.63

278.30

3048.09

20028.80

1132.85

10.40

5.76

SINDHUTRAD

24.08

47.98

3712.96

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.34

10.91

2665.10

6.09

51.27

-17.56

549.30

-0.21

17.99

21.31

TCIEXP

513.50

23.94

1974.11

1.36

20.49

5.24

313.40

9.29

13.92

10.03

ALLCARGO

12.15

60.66

1819.80

0.00

140.00

241.47

5460.00

43.06

8.70

13.00

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

950

994

1,002

1,079

1,045

1,121

1,147

1,179

1,139

1,205

1,249

1,324

1,248

849

893

902

970

941

1,004

1,029

1,057

1,018

1,078

1,122

1,181

1,156

Operating Profit

101

100

109

104

117

118

122

121

127

142

OPM %

10.61%

10.11%

9.97%

10.14%

9.93%

10.45%

10.33%

10.32%

10.62%

10.52%

10.17%

10.76%

7.38%

Interest

Depreciation

Profit before Tax

105

103

101

113

117

Tax %

13.65%

12.44%

14.84%

3.26%

13.50%

11.60%

10.46%

11.48%

10.81%

12.16%

7.81%

6.98%

8.73%

Net Profit

107

102

115

107

114

116

124

107

10.61

11.21

10.23

13.15

11.70

13.68

13.04

14.80

13.90

14.69

14.96

16.12

13.77

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,943

2,350

2,754

2,718

2,802

3,259

3,783

4,024

4,492

4,917

5,026

1,781

2,133

2,504

2,477

2,541

2,848

3,359

3,614

4,031

4,400

4,538

Operating Profit

162

216

250

241

261

411

424

411

461

517

488

OPM %

8.32%

9.21%

9.06%

8.85%

9.32%

12.61%

11.21%

10.20%

10.27%

10.52%

9.71%

Interest

Depreciation

113

121

128

118

127

135

Profit before Tax

100

152

179

159

174

330

364

388

459

500

434

Tax %

19.03%

18.80%

18.66%

10.01%

13.68%

11.39%

11.93%

8.67%

9.44%

8.00%

8.87%

Net Profit

124

145

143

150

293

321

354

416

460

395

EPS

10.61

16.07

18.80

18.54

19.07

37.34

40.83

45.12

53.83

59.45

—

Dividend Payout %

10.44%

9.95%

9.56%

10.79%

13.10%

16.02%

17.11%

15.51%

14.86%

16.82%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

631

742

870

999

1,148

1,407

1,676

1,977

2,127

2,536

424

441

472

424

290

161

196

252

Trade Payables

237

267

119

134

186

175

182

190

215

249

322

372

Total Liabilities

1,229

1,398

1,616

1,683

1,739

1,827

2,101

2,501

2,934

3,482

542

626

727

772

805

801

791

862

964

1,187

Capital Work in Progress

109

255

343

104

117

135

150

193

286

543

411

487

601

722

816

Cash & Bank

185

113

523

594

747

722

732

743

808

281

491

520

Total Assets

1,229

1,398

1,616

1,683

1,739

1,827

2,101

2,501

2,934

3,482

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

124

194

213

284

300

417

380

299

359

444

Cash from Investing

-122

-131

-158

-135

-107

-76

-193

-404

-99

-367

Cash from Financing

-30

-24

-104

-176

-258

-66

-292

-35

-4

-3

102

-87

-32

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

68.94

68.78

68.74

68.81

68.73

68.66

2.92

3.01

3.35

3.17

3.18

3.19

3.10

3.03

3.04

12.18

12.36

12.33

12.39

12.37

12.65

12.81

12.86

12.69

Government

0.00

15.97

15.84

15.59

15.62

15.71

15.43

15.36

15.37

15.61

Transport Corporation Of India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Transport Corporation Of India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI