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 ₹ 2,087 Cr.
- Current Price ₹ 543
- High / Low ₹ 870 / 478
- Stock P/E 23.8
- Book Value ₹ 212
- Dividend Yield 1.47 %
- 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 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 | 1,199 | |
| 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 | 124 |
| OPM % | 8% | 10% | 12% | 12% | 16% | 16% | 16% | 15% | 11% | 10% | ||
| 0 | 0 | 1 | 2 | 3 | 4 | 8 | 8 | 7 | 7 | 13 | 15 | |
| 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 | 116 |
| Tax % | 0% | 34% | 30% | 35% | 24% | 24% | 25% | 25% | 24% | 24% | ||
| 0 | -0 | 37 | 58 | 73 | 89 | 101 | 129 | 139 | 132 | 91 | 88 | |
| EPS in Rs | 9.79 | 15.25 | 19.01 | 23.22 | 26.17 | 33.47 | 36.35 | 34.35 | 23.65 | 22.81 | ||
| 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: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | -30% |
| 1 Year: | -30% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 0 | 115 | 153 | 199 | 260 | 330 | 426 | 528 | 589 | 696 | 762 | 806 |
| 0 | 41 | 32 | 41 | 10 | 4 | 2 | 1 | 7 | 10 | 10 | 8 | |
| 0 | 35 | 52 | 96 | 102 | 90 | 110 | 120 | 132 | 136 | 144 | 146 | |
| Total Liabilities | 0 | 198 | 244 | 344 | 379 | 432 | 547 | 657 | 735 | 850 | 923 | 968 |
| 0 | 64 | 97 | 162 | 173 | 185 | 228 | 320 | 374 | 452 | 455 | 457 | |
| CWIP | 0 | 9 | 8 | 0 | 1 | 11 | 28 | 6 | 61 | 16 | 20 | 26 |
| Investments | 0 | 0 | 0 | 0 | 1 | 30 | 60 | 88 | 33 | 94 | 162 | 152 |
| 0 | 126 | 139 | 182 | 203 | 206 | 231 | 243 | 267 | 288 | 287 | 334 | |
| Total Assets | 0 | 198 | 244 | 344 | 379 | 432 | 547 | 657 | 735 | 850 | 923 | 968 |
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
2d - Of Investor Meet scheduled on Tuesday, February 03, 2026 to discuss the un-audited financial results of Q3/nine months ended on December 31, 2025
- Record Date - Saturday, February 07, 2026 -If Interim Dividend Declared By The Board 26 Jan
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Update on board meeting
26 Jan - Board meeting Feb 3, 2026 to approve Q3 results; interim dividend possible, record date Feb 7, 2026.
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Corporate Action-Board to consider Dividend
26 Jan - Board meeting Feb 3 to consider Q3/9M results (Dec 31, 2025) and possible interim dividend; record date Feb 7.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
26 Jan - TCI Express acquired 100% of TCI Global (Singapore) for SGD 18,000; target had nil turnover.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Nov 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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.