TCI Express Ltd.

550.951.16%

2026-08-21

tciexpress.inBSE: 540212NSE: TCIEXP
Market Cap₹ 2,103 Cr.
Current Price₹ 545
High / Low₹ 780 / 448
Stock P/E25.5
Book Value₹ 217
Price to Book2.17
Dividend Yield1.28 %
ROCE13.9 %
ROE10.3 %
Face Value₹ 2

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ABOUT

KEY POINTS

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

CONS

  • Operating margins have contracted to 10.1% from 15.7%

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.CONCOR514.0031.5239147.161.67268.900.612159.760.2814.7920.41
2.DELHIVERY448.00358.8233562.680.0031.91-64.962930.7327.763.024.75
3.SHADOWFAX265.20139.2515555.600.00654.006732.8613581.201806.324.906.76
4.BLACKBUCK613.8066.2311180.370.0042.1725.14204.1742.17-31.8024.35
5.TCI914.1015.387023.131.09106.60-0.561248.509.5820.5212.30
6.TVSSCS120.9582.415336.600.0022.48-96.843335.2228.6611.516.75
7.VRLLOG231.450.004048.920.00805.301509.318788.401080.7026.4721.23
8.MAHLOG406.00104.694028.430.62278.303048.0920028.801132.8510.405.76
9.SINDHUTRAD24.2948.393745.350.0038.74-79.39129.21-21.8512.8045.34
10.GATEWAY54.1711.082706.576.0051.27-17.56549.30-0.2117.9921.31
11.TCIEXP547.0025.502102.901.2820.495.24313.409.2913.9210.03
12.ALLCARGO10.1150.481514.250.00140.00241.475460.0043.065.3113.00
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
305
258
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
5
43
Tax %
24.59%
Net Profit
0
8
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
320
270
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
5
47
Tax %
24.54%
Net Profit
0
9
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
312
266
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
5
42
Tax %
24.15%
Net Profit
0
8
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
317
272
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
5
42
Tax %
23.90%
Net Profit
0
8
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
293
260
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
5
30
Tax %
24.78%
Net Profit
22
6
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
312
275
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
5
34
Tax %
25.78%
Net Profit
25
6
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
296
268
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
5
26
Tax %
25.96%
Net Profit
19
5
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
307
281
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
6
26
Tax %
25.54%
Net Profit
19
5
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
287
259
Operating Profit
OPM %
Other Income
4
Interest
0
Depreciation
5
26
Tax %
25.94%
Net Profit
19
5
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
309
275
Operating Profit
OPM %
Other Income
4
Interest
0
Depreciation
5
32
Tax %
25.16%
Net Profit
24
6
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
314
282
Operating Profit
OPM %
Other Income
3
Interest
0
Depreciation
6
30
Tax %
25.62%
Net Profit
22
6
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
328
297
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
9
23
Tax %
28.79%
Net Profit
16
5
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
313
290
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
7
28
Tax %
25.87%
Net Profit
20
1
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
1,241
1,047
Operating Profit
202
OPM %
16
Other Income
7
Interest
2
Depreciation
15
185
Tax %
25
Net Profit
139
EPS
36
Dividend Payout %
22
Minority Interest
0
Share of Associates
0
Adjusted EPS
36
Minority Interest
0
Share of Associates
0
Adjusted EPS
36
Mar 2024
1,254
1,067
Operating Profit
194
OPM %
16
Other Income
7
Interest
1
Depreciation
19
174
Tax %
24
Net Profit
132
EPS
34
Dividend Payout %
23
Minority Interest
0
Share of Associates
0
Adjusted EPS
34
Minority Interest
0
Share of Associates
0
Adjusted EPS
34
Mar 2025
1,208
1,083
Operating Profit
138
OPM %
11
Other Income
13
Interest
1
Depreciation
22
115
Tax %
25
Net Profit
86
EPS
22
Dividend Payout %
36
Minority Interest
0
Share of Associates
0
Adjusted EPS
22
Minority Interest
0
Share of Associates
0
Adjusted EPS
22
Mar 2026
1,237
1,112
Operating Profit
141
OPM %
11
Other Income
15
Interest
2
Depreciation
26
110
Tax %
26
Net Profit
81
EPS
21
Dividend Payout %
33
Minority Interest
0
Share of Associates
0
Adjusted EPS
21
Minority Interest
0
Share of Associates
0
Adjusted EPS
21
TTM
1,264
1,143
Operating Profit
OPM %
Other Income
16
Interest
3
Depreciation
28
112
Tax %
26
Net Profit
82
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

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:
-16%
3 Years:
-27%
1 Year:
-22%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Feb 6

₹ 3.50

Interim Dividend

2025

Jul 16

₹ 1

Rs.2.0000 per share(100%)Final Dividend

2025

Feb 12

₹ 1.50

Second Interim Dividend

2024

Nov 8

₹ 1.50

Interim Dividend

2024

Aug 6

₹ 1

Rs.2.0000 per share(100%)Final Dividend

2024

Feb 20

₹ 1.50

Second Interim Dividend

2023

Oct 26

₹ 1.50

Interim Dividend

2023

Jul 28

₹ 1

Rs.2.0000 per share(100%)Final Dividend

2023

Feb 8

₹ 1.50

Second Interim Dividend

2022

Nov 4

₹ 1.50

Interim Dividend

2022

Jul 27

₹ 1

Rs.2.0000 per share(100%)Final Dividend

2022

Feb 3

₹ 1.50

Second Interim Dividend

2021

Oct 28

₹ 1.50

Interim Dividend

2021

Jul 20

₹ 1

Rs.2.0000 per share(100%)Final Dividend

2021

Feb 16

₹ 1

Interim Dividend

2020

Feb 3

Second Interim Dividend

2018

Jul 25

₹ 0.25

Rs.0.5000 per share(25%)Final Dividend

2018

Feb 7

₹ 0.50

Second Interim Dividend

2017

Nov 8

₹ 0.50

Interim Dividend

2017

Jul 25

₹ 0.40

Rs.0.8000 per share(40%)Final Dividend

2017

Feb 7

₹ 0.40

Interim Dividend

Mar 2023
Equity Capital
8
585
1
Trade Payables
88
54
Total Liabilities
735
374
Capital Work in Progress
61
33
211
Cash & Bank
17
39
Total Assets
735
Total Debt
1
Net Working Capital
175
Contingent Liabilities
21
Book Value per Share
154.66
Face Value
2.00
Total Debt
1
Net Working Capital
175
Contingent Liabilities
21
Book Value per Share
154.66
Face Value
2.00
Mar 2024
Equity Capital
8
691
3
Trade Payables
89
59
Total Liabilities
850
452
Capital Work in Progress
16
91
232
Cash & Bank
20
40
Total Assets
850
Total Debt
3
Net Working Capital
253
Contingent Liabilities
21
Book Value per Share
182.17
Face Value
2.00
Total Debt
3
Net Working Capital
253
Contingent Liabilities
21
Book Value per Share
182.17
Face Value
2.00
Mar 2025
Equity Capital
8
752
0
Trade Payables
85
74
Total Liabilities
919
462
Capital Work in Progress
15
148
226
Cash & Bank
15
52
Total Assets
919
Total Debt
0
Net Working Capital
294
Contingent Liabilities
86
Book Value per Share
197.76
Face Value
2.00
Total Debt
0
Net Working Capital
294
Contingent Liabilities
86
Book Value per Share
197.76
Face Value
2.00
Mar 2026
Equity Capital
8
807
2
Trade Payables
81
127
Total Liabilities
1,025
547
Capital Work in Progress
29
124
239
Cash & Bank
20
67
Total Assets
1,025
Total Debt
33
Net Working Capital
285
Contingent Liabilities
110
Book Value per Share
212.07
Face Value
2.00
Total Debt
33
Net Working Capital
285
Contingent Liabilities
110
Book Value per Share
212.07
Face Value
2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
147
Cash from Investing
-65
Cash from Financing
-84
-2
Free Cash Flow
147
OCF / Net Profit
1.05
Cumulative 5-Year FCF
0
OCF / Net Profit
1.05
Cumulative 5-Year FCF
0
Mar 2024
136
Cash from Investing
-105
Cash from Financing
-28
3
Free Cash Flow
93
OCF / Net Profit
1.03
Cumulative 5-Year FCF
0
OCF / Net Profit
1.03
Cumulative 5-Year FCF
0
Mar 2025
118
Cash from Investing
-91
Cash from Financing
-32
-5
Free Cash Flow
85
OCF / Net Profit
1.38
Cumulative 5-Year FCF
0
OCF / Net Profit
1.38
Cumulative 5-Year FCF
0
Mar 2026
101
Cash from Investing
-89
Cash from Financing
-8
4
Free Cash Flow
-7
OCF / Net Profit
1.25
Cumulative 5-Year FCF
0
OCF / Net Profit
1.25
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
EPS (₹)
36.37
Book Value (₹)
154.66
Dividend per Share (₹)
8.00
Cash EPS (₹)
40.36
Operating Margin %
15.67%
Net Margin %
11.22%
ROE %
23.51%
ROCE %
31.21%
18.95%
Debtor Days
62
Inventory Days
0
Payable Days
0
62
Debt to Equity (x)
0.00x
Interest Coverage (x)
102.95x
2.41x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
41.07x
P/B (x)
9.66x
Dividend Yield %
0.54%
28.29x
Mar 2024
EPS (₹)
34.33
Book Value (₹)
182.17
Dividend per Share (₹)
8.00
Cash EPS (₹)
39.28
Operating Margin %
14.93%
Net Margin %
10.50%
ROE %
20.40%
ROCE %
26.90%
16.61%
Debtor Days
65
Inventory Days
0
Payable Days
0
65
Debt to Equity (x)
0.00x
Interest Coverage (x)
119.33x
2.96x
Revenue Growth %
1.03%
Operating Profit Growth %
-3.61%
Net Profit Growth %
-5.46%
-5.59%
P/E (x)
29.81x
P/B (x)
5.62x
Dividend Yield %
0.78%
20.10x
Mar 2025
EPS (₹)
22.35
Book Value (₹)
197.76
Dividend per Share (₹)
8.00
Cash EPS (₹)
28.04
Operating Margin %
10.34%
Net Margin %
7.10%
ROE %
11.77%
ROCE %
15.83%
9.70%
Debtor Days
69
Inventory Days
0
Payable Days
0
69
Debt to Equity (x)
0.00x
Interest Coverage (x)
88.92x
3.23x
Revenue Growth %
-3.63%
Operating Profit Growth %
-28.82%
Net Profit Growth %
-34.83%
-34.91%
P/E (x)
27.41x
P/B (x)
3.10x
Dividend Yield %
1.31%
16.89x
Mar 2026
EPS (₹)
21.21
Book Value (₹)
212.07
Dividend per Share (₹)
7.00
Cash EPS (₹)
27.91
Operating Margin %
10.12%
Net Margin %
6.58%
ROE %
10.35%
ROCE %
13.92%
8.38%
Debtor Days
69
Inventory Days
0
Payable Days
0
69
Debt to Equity (x)
0.04x
Interest Coverage (x)
52.81x
3.12x
Revenue Growth %
2.41%
Operating Profit Growth %
1.55%
Net Profit Growth %
-5.10%
-5.10%
P/E (x)
21.73x
P/B (x)
2.17x
Dividend Yield %
1.52%
12.69x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
69.60
1.60
10.20
Government
0.00
18.59
Sep 2024
69.54
1.74
10.10
Government
0.00
18.62
Dec 2024
69.54
0.93
9.69
Government
0.00
19.84
Mar 2025
69.54
0.80
9.60
Government
0.00
20.06
Jun 2025
69.54
0.80
9.75
Government
0.00
19.90
Sep 2025
69.46
0.85
9.38
Government
0.00
20.31
Dec 2025
69.46
0.82
9.39
Government
0.00
20.33
Mar 2026
69.46
0.81
9.39
Government
0.00
20.34
Jun 2026
69.46
0.79
8.86
Government
0.00
20.88

Documents

Announcements

  • 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.

  • 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.

Credit Ratings

  • Credit Rating

    2026-05-13 - TCI Express Limited has informed the Exchange about Credit Rating

Concalls

  • Aug 2026

    TranscriptPPTREC
  • Jun 2026

    TranscriptPPTREC
  • May 2026

    TranscriptPPTREC