Transport Corporation of India Ltd

About [ edit ]

Transport Corporation of India is engaged in the Business of Freight Transport,Supply Chain Solutions and Transport through Seaways.

  • Market Cap 2,173 Cr.
  • Current Price 283
  • High / Low 291 / 146
  • Stock P/E 17.1
  • Book Value 139
  • Dividend Yield 0.71 %
  • ROCE 14.5 %
  • ROE 15.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 2.38% over past five years.
  • Tax rate seems low

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
625 675 711 743 659 685 706 668 406 697 807
573 618 650 664 601 626 641 609 375 635 727
Operating Profit 52 57 61 79 58 59 65 59 31 62 80
OPM % 8% 9% 9% 11% 9% 9% 9% 9% 8% 9% 10%
Other Income 10 11 13 10 12 3 8 12 3 11 -1
Interest 7 10 11 10 9 8 9 8 7 7 6
Depreciation 17 19 21 20 20 20 21 21 21 21 23
Profit before tax 37 40 43 59 42 34 42 42 6 46 49
Tax % 21% 18% 22% 17% 17% -14% 18% 14% 15% 18% 13%
Net Profit 30 32 33 48 34 38 34 36 4 37 42
EPS in Rs 3.86 4.21 4.32 6.27 4.47 4.94 4.43 4.69 0.53 4.75 5.43

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,351 1,522 1,851 1,954 2,131 2,226 2,417 1,727 1,943 2,350 2,754 2,718 2,577
1,249 1,406 1,711 1,796 1,955 2,057 2,223 1,607 1,780 2,133 2,504 2,477 2,346
Operating Profit 102 115 140 158 175 170 194 120 163 216 249 241 231
OPM % 8% 8% 8% 8% 8% 8% 8% 7% 8% 9% 9% 9% 9%
Other Income 6 1 5 6 7 9 9 60 27 37 44 35 26
Interest 28 22 28 36 35 33 34 25 30 32 37 34 29
Depreciation 30 30 35 42 46 47 55 52 59 69 77 82 86
Profit before tax 51 65 82 86 101 99 114 103 100 152 179 159 143
Tax % 35% 36% 33% 31% 31% 28% 29% 15% 19% 19% 19% 10%
Net Profit 33 42 55 60 70 72 81 87 81 123 144 142 119
EPS in Rs 4.59 5.75 7.54 8.19 9.55 9.82 10.75 11.46 10.53 16.08 18.84 18.53 15.40
Dividend Payout % 21% 15% 13% 13% 16% 19% 14% 13% 10% 10% 10% 11%
Compounded Sales Growth
10 Years:6%
5 Years:2%
3 Years:12%
TTM:-8%
Compounded Profit Growth
10 Years:13%
5 Years:13%
3 Years:23%
TTM:-22%
Stock Price CAGR
10 Years:18%
5 Years:13%
3 Years:1%
1 Year:74%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:17%
Last Year:16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
14 14 15 15 15 15 15 15 15 15 15 15 15
Reserves 286 320 311 364 422 476 605 560 631 746 877 1,009 1,053
Borrowings 250 285 315 341 354 336 320 354 421 440 470 422 279
114 151 152 154 174 174 197 129 162 196 254 237 301
Total Liabilities 665 771 792 874 965 1,001 1,137 1,058 1,229 1,398 1,616 1,683 1,649
330 336 346 416 418 432 521 532 542 626 727 772 763
CWIP 12 15 7 8 5 18 7 12 57 56 4 22 29
Investments 3 4 2 2 8 8 7 76 87 104 117 135 135
320 416 438 448 534 543 602 438 544 611 768 755 723
Total Assets 665 771 792 874 965 1,001 1,137 1,058 1,229 1,398 1,616 1,683 1,649

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
56 37 50 125 104 158 125 109 99 157 179 252
-50 -56 -40 -97 -61 -98 -121 -101 -122 -131 -158 -145
-2 28 -30 -16 -28 -63 -4 -12 32 -30 -24 -104
Net Cash Flow 4 10 -20 12 15 -3 -1 -4 8 -4 -3 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 15% 17% 18% 18% 16% 17% 10% 13% 16% 17% 15%
Debtor Days 58 63 63 63 68 62 66 69 67 66 68 65
Inventory Turnover 38.08 29.04 16.28 16.44 15.11 18.33 18.46 17.25 17.93 19.46 21.77 16.40

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
66.99 66.92 66.92 66.92 66.92 66.84 66.84 66.87 66.88 66.74 66.79 66.71
2.36 1.86 1.94 1.89 1.89 1.83 1.79 1.78 1.70 1.57 1.52 1.70
10.62 10.24 10.78 11.12 12.52 12.45 9.94 10.06 10.22 12.23 12.44 12.18
20.03 20.98 20.36 20.07 18.67 18.89 21.44 21.29 21.19 19.46 19.25 19.42

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