TCI Express Ltd.

•

tciexpress.inBSE: 540212NSE: TCIEXP

Market Cap₹ 1,974 Cr.

Current Price

High / Low₹ 780 / 448

Stock P/E23.9

Book Value₹ 217

Price to Book2.17

Dividend Yield1.36 %

ROCE13.9 %

ROE10.3 %

Face Value₹ 2

Add ratio to table

ABOUT

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 is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.19x)
Company has been maintaining a healthy dividend payout of 33.0%
Company comfortably covers its interest (52.8x coverage)
Company generates healthy free cash flow
Stock looks reasonably valued - P/E of 23.9 is below its historical median

CONS

Operating margins have contracted to 10.1% from 15.7%

* 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
	305	320	312	317	293	312	296	307	287	309	314	328	313
	258	270	266	272	260	275	268	281	259	275	282	297	290
Operating Profit	46	50	46	45	33	37	29	26	28	34	32	32	24
OPM %	15.21%	15.77%	14.61%	14.14%	11.17%	11.82%	9.75%	8.55%	9.78%	10.86%	10.34%	9.61%	7.53%
	1	2	2	2	2	2	3	6	4	4	3	1	4
Interest	0	0	0	0	0	0	0	0	0	0	0	1	1
Depreciation	5	5	5	5	5	5	5	6	5	5	6	9	7
Profit before Tax	43	47	42	42	30	34	26	26	26	32	30	23	28
Tax %	24.59%	24.54%	24.15%	23.90%	24.78%	25.78%	25.96%	25.54%	25.94%	25.16%	25.62%	28.79%	25.87%
Net Profit	0	0	0	0	22	25	19	19	19	24	22	16	20
	8.41	9.27	8.40	8.24	5.82	6.49	5.00	5.05	5.13	6.23	5.74	4.77	5.20

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,241	1,254	1,208	1,237	1,264
	1,047	1,067	1,083	1,112	1,143
Operating Profit	194	187	125	125	121
OPM %	15.67%	14.93%	10.34%	10.12%	9.58%
	7	7	13	13	13
Interest	2	1	1	2	3
Depreciation	15	19	22	26	28
Profit before Tax	185	174	115	110	112
Tax %	24.52%	24.31%	25.50%	26.21%	26.19%
Net Profit	139	132	86	81	82
EPS	36.37	34.33	22.35	21.21	—
Dividend Payout %	22.00%	23.30%	35.80%	33.01%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: -16%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -19%
3 Years:: -30%
1 Year:: -27%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 14%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8
	585	691	752	807
	4	7	5	54
Trade Payables	88	89	85	81
	50	56	69	75
Total Liabilities	735	850	919	1,025
	374	452	462	547
Capital Work in Progress	61	16	15	29
	33	91	148	124
	211	232	226	239
Cash & Bank	17	20	15	20
	39	40	52	67
Total Assets	735	850	919	1,025

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	147	136	118	101
Cash from Investing	-65	-105	-91	-89
Cash from Financing	-84	-28	-32	-8
	-2	3	-5	4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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
	69.60	69.54	69.54	69.54	69.54	69.46	69.46	69.46	69.46
	1.60	1.74	0.93	0.80	0.80	0.85	0.82	0.81	0.79
	10.20	10.10	9.69	9.60	9.75	9.38	9.39	9.39	8.86
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	18.59	18.62	19.84	20.06	19.90	20.31	20.33	20.34	20.88

Documents

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

2026-09-10

Updates

2026-09-10 - TCI Express Limited has informed the Exchange regarding 'Disclosures Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011'.

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Newspaper Cuttings Publication regarding Transfer of Equity Shares to IEPF Authority and Special Window for Physical Securities

2026-09-05

Updates

2026-09-05 - TCI Express Limited has informed the Exchange regarding 'Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011'.

2026-09-03

Updates

2026-09-03 - TCI Express Limited has informed the Exchange regarding 'Disclosures Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011'.

2026-08-29

Updates

2026-08-29 - TCI Express Limited has informed the Exchange regarding 'Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.

2026-08-17

Cessation

2026-08-17 - TCI Express Limited has informed the Exchange regarding Cessation of Mr as Non- Executive Independent Director of the company w.e.f. August 17, 2026.

2026-08-17

Cessation

2026-08-17 - TCI Express Limited has informed the Exchange regarding Cessation of Mr. Prashant Jain as Non- Executive Independent Director of the company w.e.f. August 17, 2026.

2026-08-17

Change in Director(s)

2026-08-17 - TCI Express Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-14

Updates

2026-08-14 - TCI Express Limited has informed the Exchange regarding 'Disclosure under the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011'.

News

Recent coverage and analyst commentary for TCIEXP

Loading news…

🤖

AI Stock Analyst

TCI Express Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

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

305

320

312

317

293

312

296

307

287

309

314

328

313

258

270

266

272

260

275

268

281

259

275

282

297

290

Operating Profit

OPM %

15.21%

15.77%

14.61%

14.14%

11.17%

11.82%

9.75%

8.55%

9.78%

10.86%

10.34%

9.61%

7.53%

Interest

Depreciation

Profit before Tax

Tax %

24.59%

24.54%

24.15%

23.90%

24.78%

25.78%

25.96%

25.54%

25.94%

25.16%

25.62%

28.79%

25.87%

Net Profit

8.41

9.27

8.40

8.24

5.82

6.49

5.00

5.05

5.13

6.23

5.74

4.77

5.20

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,241

1,254

1,208

1,237

1,264

1,047

1,067

1,083

1,112

1,143

Operating Profit

194

187

125

121

OPM %

15.67%

14.93%

10.34%

10.12%

9.58%

Interest

Depreciation

Profit before Tax

185

174

115

110

112

Tax %

24.52%

24.31%

25.50%

26.21%

26.19%

Net Profit

139

132

EPS

36.37

34.33

22.35

21.21

—

Dividend Payout %

22.00%

23.30%

35.80%

33.01%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

585

691

752

807

Trade Payables

Total Liabilities

735

850

919

1,025

374

452

462

547

Capital Work in Progress

148

124

211

232

226

239

Cash & Bank

Total Assets

735

850

919

1,025

Mar 2023

Mar 2024

Mar 2025

Mar 2026

147

136

118

101

Cash from Investing

-65

-105

-91

-89

Cash from Financing

-84

-28

-32

-8

-2

-5

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

69.60

69.54

69.46

1.60

1.74

0.93

0.80

0.85

0.82

0.81

0.79

10.20

10.10

9.69

9.60

9.75

9.38

9.39

8.86

Government

0.00

18.59

18.62

19.84

20.06

19.90

20.31

20.33

20.34

20.88

TCI Express 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

TCI Express 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