TCI Express Ltd
TCI Express Limited is an express cargo logistics company with its own set up across India. It carries distribution through various modes of transport and is specialized in offering time definite solutions. [1]
- Market Cap ₹ 2,606 Cr.
- Current Price ₹ 678
- High / Low ₹ 1,000 / 580
- Stock P/E 29.4
- Book Value ₹ 200
- Dividend Yield 1.18 %
- ROCE 15.8 %
- ROE 12.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.4%
Cons
- The company has delivered a poor sales growth of 3.20% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Part of BSE SmallCap BSE Allcap BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 750 | 885 | 1,024 | 1,032 | 844 | 1,081 | 1,241 | 1,254 | 1,208 | 1,202 | |
| 0 | 0 | 688 | 794 | 904 | 910 | 710 | 907 | 1,047 | 1,067 | 1,078 | 1,075 | |
| Operating Profit | 0 | -0 | 62 | 91 | 119 | 122 | 134 | 175 | 194 | 187 | 130 | 127 |
| OPM % | 8% | 10% | 12% | 12% | 16% | 16% | 16% | 15% | 11% | 11% | ||
| 0 | 0 | 1 | 2 | 3 | 4 | 8 | 8 | 7 | 7 | 13 | 14 | |
| Interest | 0 | 0 | 2 | 4 | 4 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 4 | 5 | 7 | 8 | 9 | 10 | 15 | 19 | 22 | 22 |
| Profit before tax | 0 | -0 | 57 | 84 | 112 | 117 | 132 | 172 | 185 | 174 | 120 | 118 |
| Tax % | 0% | 34% | 30% | 35% | 24% | 24% | 25% | 25% | 24% | 24% | ||
| 0 | -0 | 37 | 58 | 73 | 89 | 101 | 129 | 139 | 132 | 91 | 89 | |
| EPS in Rs | 9.79 | 15.25 | 19.01 | 23.22 | 26.17 | 33.47 | 36.35 | 34.35 | 23.65 | 23.12 | ||
| Dividend Payout % | 0% | 16% | 16% | 16% | 17% | 15% | 24% | 22% | 23% | 34% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 4% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -12% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -28% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 21% |
| 3 Years: | 18% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 0 | 115 | 153 | 199 | 260 | 330 | 426 | 528 | 589 | 696 | 762 |
| 0 | 41 | 32 | 41 | 10 | 4 | 2 | 1 | 7 | 10 | 10 | |
| 0 | 35 | 52 | 96 | 102 | 90 | 110 | 120 | 132 | 136 | 144 | |
| Total Liabilities | 0 | 198 | 244 | 344 | 379 | 432 | 547 | 657 | 735 | 850 | 923 |
| 0 | 64 | 97 | 162 | 173 | 185 | 228 | 320 | 374 | 452 | 455 | |
| CWIP | 0 | 9 | 8 | 0 | 1 | 11 | 28 | 6 | 61 | 16 | 20 |
| Investments | 0 | 0 | 0 | 0 | 1 | 30 | 60 | 88 | 33 | 94 | 162 |
| 0 | 126 | 139 | 182 | 203 | 206 | 231 | 243 | 267 | 288 | 287 | |
| Total Assets | 0 | 198 | 244 | 344 | 379 | 432 | 547 | 657 | 735 | 850 | 923 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -77 | 52 | 74 | 78 | 81 | 102 | 128 | 147 | 136 | 118 | |
| 0 | -76 | -39 | -63 | -26 | -60 | -96 | -90 | -65 | -108 | -88 | |
| 0 | 163 | -15 | -8 | -47 | -26 | -8 | -31 | -84 | -28 | -32 | |
| Net Cash Flow | 0 | 11 | -2 | 3 | 5 | -4 | -2 | 7 | -2 | -0 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 64 | 58 | 59 | 73 | 64 | 62 | 67 | 68 | ||
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 55 | 64 | 58 | 59 | 73 | 64 | 62 | 67 | 68 | ||
| Working Capital Days | 22 | 14 | 26 | 33 | 36 | 38 | 37 | 42 | 40 | ||
| ROCE % | -0% | 33% | 40% | 44% | 38% | 34% | 36% | 33% | 27% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of investor meet scheduled on November 06, 20025 to discuss un-audited financial results for Q2/HY-1 FY 25-26
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Announcement under Regulation 30 (LODR)-Acquisition
2d - TCI Express proposes to acquire 100% of TCI Global (Singapore); price, approvals and completion pending.
- Closure of Trading Window 24 Oct
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Board Meeting Intimation for Board Meeting Intimation For Consideration Of Un-Audited Financial Results For The 2Nd Quarter/Half Yearly Ended On September 30, 2025
24 Oct - Board meeting Nov 6, 2025 to approve Q2/H1 results ended Sep 30, 2025; trading window closed.
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RTA Report On Re-Lodgement Of Transfer Requests Of Physical Shares
16 Oct - KFin confirms zero re-lodgement requests received/processed for physical transfers for quarter ended Sep 30, 2025. Checklist: - Read announcement text and enclosure details. - Identify …
Annual reports
Concalls
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Business Profile[1]
TCI Express is a leading B2B express logistics provider, specializing in time-definite deliveries with an asset-light model and a nationwide presence, primarily serving small and medium enterprises (SMEs) and large corporations.