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 ₹ 1,934 Cr.
- Current Price ₹ 504
- High / Low ₹ 870 / 448
- Stock P/E 21.6
- Book Value ₹ 212
- Dividend Yield 1.59 %
- 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 Services BSE 1000
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 | 1,217 | |
| 0 | 0 | 688 | 794 | 904 | 910 | 710 | 907 | 1,047 | 1,067 | 1,078 | 1,090 | |
| Operating Profit | 0 | -0 | 62 | 91 | 119 | 122 | 134 | 175 | 194 | 187 | 130 | 127 |
| OPM % | 8% | 10% | 12% | 12% | 16% | 16% | 16% | 15% | 11% | 10% | ||
| 0 | 0 | 1 | 2 | 3 | 4 | 8 | 8 | 7 | 7 | 13 | 16 | |
| 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 | 23 |
| Profit before tax | 0 | -0 | 57 | 84 | 112 | 117 | 132 | 172 | 185 | 174 | 120 | 119 |
| Tax % | 0% | 34% | 30% | 35% | 24% | 24% | 25% | 25% | 24% | 24% | ||
| 0 | -0 | 37 | 58 | 73 | 89 | 101 | 129 | 139 | 132 | 91 | 90 | |
| EPS in Rs | 9.79 | 15.25 | 19.01 | 23.22 | 26.17 | 33.47 | 36.35 | 34.35 | 23.65 | 23.38 | ||
| Dividend Payout % | 0% | 16% | 16% | 16% | 17% | 15% | 24% | 22% | 23% | 34% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 4% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -12% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -17% |
| 3 Years: | -31% |
| 1 Year: | -33% |
| 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 |
| Free Cash Flow | 0 | -150 | 14 | 11 | 58 | 62 | 47 | 48 | 22 | 84 | 95 |
| CFO/OP | 767,500% | 117% | 107% | 97% | 92% | 97% | 97% | 98% | 94% | 111% |
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% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Customer Base Lakhs |
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| Delivery Locations Served Number |
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| Number of Owned Branches Number |
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| Number of Sorting Centres Number |
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| Fleet Capacity (Containerized Vehicles) Number |
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| Capacity Utilization Percentage |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Q4/FY26 earnings conference call with analysts on 27 May 2026 at 5:00 PM IST.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - TCI Express schedules Q4/FY26 earnings conference call on 27 May 2026 at 5:00 PM IST.
- Closure of Trading Window 17 May
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Board Meeting Intimation for Annual Financial Results Of Financial Year 2025-2026
17 May - Board meeting on May 27, 2026 to approve FY26 audited standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Credit Rating
13 May - CRISIL reaffirmed TCI Express’s AA-/Stable rating for Rs100 crore bank facilities on May 13, 2026.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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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.