Transport Corporation of India Ltd logo

Transport Corporation of India Ltd

TCI NSE

Key Fundamentals

MicrocapLogistics Solution ProviderLogistics & Cargo
Market Cap
₹6,944 Cr
Volatility
Moderate
P/E Ratio
15.3
EBITDA
₹565 Cr
Return on Equity
17.65%
Debt to Equity
0.12
Book Value
₹333.98
EPS
₹46.44
52W High
₹1,242
52W Low
₹868.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

2
  • The company has delivered a poor sales growth of 11.9% over past five years.
  • Tax rate seems low

Growth Rate

Revenue Growth
9.40% ↗
Net Income Growth
10.55% ↗
Cash Flow Change
23.72% ↗
ROE
-7.06% ↗
ROCE
-8.76% ↗
EBITDA Margin (Avg.)
1.79% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk medium

Transport Corporation of India is an integrated logistics player with a market cap of ₹7,156 Cr, trading at a PE of 15.6x with consistent ROE of ~19% over the last decade. Revenue has compounded at 11% over 10 years while profit has compounded at 22% over the same period, though stock returns have turned negative at -21% over the trailing one year amid a broader market correction.

Bull Case 8
  • Consistent ROE of 19-20% maintained across 3, 5, and 10-year periods, indicating disciplined capital allocation
  • Compounded profit growth of 22% over 10 years and 24% over 5 years significantly outpaces revenue growth, reflecting improving margins
  • EBITDA margin expanded 189 bps YoY to 12.21% in Q4 FY26, with EBITDA growing 33% YoY to ₹160 Cr — indicating strong operational leverage
  • Low debt-to-equity of approximately 0.09 (₹184 Cr debt vs ₹1,981 Cr net worth as of Mar 2025), providing financial flexibility for capex
  • Diversified multi-modal logistics platform across Freight, Supply Chain Solutions, Seaways, and Energy segments with ~10,000 trucks and 14 mn sq ft warehousing space
  • Reasonable valuation at 15.6x PE and 2.8x PB relative to 19% ROE and double-digit profit growth track record
  • Supply chain solutions segment expected to surpass freight as main revenue stream by FY26, with 10-15% annual growth in warehousing and automotive logistics backed by ₹350 Cr capex allocation
  • Consolidated revenue grew 9.4% to ₹4,965 Cr in FY25 and further accelerated to 11.8% YoY in Q4 FY26, showing improving momentum
Bear Case 8
  • Stock price has declined 21% over the trailing one year, significantly underperforming the broader market
  • Compounded sales growth of only 11-12% over 5 and 10 years is modest for a mid-cap logistics company in a growing economy
  • Net profit growth of 8.7% in Q4 FY26 lagged EBITDA growth of 33%, suggesting higher depreciation or tax drag offsetting operational gains
  • Debt has risen from ₹85 Cr in Mar 2023 to ₹184 Cr in Mar 2025 to ₹252 Cr in Mar 2026 — a 3x increase in three years, albeit from a low base
  • Dividend yield of only 1.07% offers limited income support during periods of stock price weakness
  • TTM profit growth has decelerated to 7% versus the 5-year CAGR of 24%, indicating a potential slowdown in earnings momentum
  • Logistics sector remains highly fragmented and competitive with thin margins, limiting pricing power — overall EBITDA margins still only at ~10-12%
  • Tax rate flagged as seemingly low, which if normalized could compress reported net profit going forward

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 1
  • Fuel cost squeezes net profit Jul 31

    Q1FY27 net profit dipped slightly as fuel cost inflation outpaced immediate pass-throughs in spot contracts, despite 9.1% revenue growth to ₹12,548 Mn.

Positives 3
  • FY26 PAT up 10.5% YoY Jul 6

    Consolidated revenue rose 9.40% to ₹49,650 Mn for FY26 with PAT growing 10.53% to ₹4,599 Mn. Standalone PAT increased 12.15% to ₹4,440 Mn.

  • Q1FY27 revenue grows 9.1% Jul 31

    Top-line grew 9.1% to ₹12,548 Mn and EBITDA expanded 5.2%, driven by strong automotive and quick-commerce logistics segments.

  • 99.8% shareholder vote for dividend Aug 1

    AGM on Jul 30 approved Re. 1 final dividend with 99.9998% votes in favour and 83.5% e-voting turnout, reflecting robust investor confidence.

Neutral 3
  • Carbon neutrality target by FY2040 Jul 6

    TCI filed its BRSR for FY26, disclosing a carbon neutrality target by FY 2040.

  • Q1 earnings call moved to Aug 3 Jul 29

    Analyst conference call for Q1 FY27 results rescheduled from Jul 31 to Aug 3, 2026, at 4:00 PM IST with MD Vineet Agarwal and CFO Ashish Tiwari.

  • 31st AGM held via video Jul 6

    TCI scheduled and held its 31st AGM on Jul 30, 2026 via video conferencing; annual report dispatched to shareholders.

TL;DR: TCI is delivering consistent top-line growth (~9%) with healthy profit expansion in FY26 and momentum carrying into Q1FY27. The key risk is fuel cost inflation compressing margins on spot contracts, though structural demand from automotive and quick-commerce segments remains supportive. Shareholder engagement is strong with near-unanimous AGM approvals. If fuel pass-throughs normalize over coming quarters, margin recovery should follow and sustain the earnings growth trajectory.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
950
994
1,002
1,079
1,045
1,121
1,147
1,179
1,139
1,205
1,249
1,324
1,248
Expenses
849
893
902
970
941
1,004
1,029
1,057
1,018
1,078
1,122
1,181
1,113
Operating Profit
101
100
100
109
104
117
118
122
121
127
127
142
135
OPM %
11%
10%
10%
10%
10%
10%
10%
10%
11%
11%
10%
11%
11%
Other Income
26
32
28
34
32
35
29
40
31
36
35
32
25
Interest
2
3
4
4
4
5
6
6
5
6
6
6
7
Depreciation
31
31
33
33
29
29
30
29
29
30
32
36
36
PBT
94
97
91
106
103
118
111
127
118
126
124
132
117
Tax %
11%
10%
12%
3%
11%
9%
8%
10%
9%
10%
6%
6%
9%
Net Profit
83
88
80
103
92
107
102
115
107
114
116
124
107
EPS in Rs
10.6
11.21
10.22
13.13
11.69
13.9
13.17
14.91
13.89
14.68
14.95
16.11
13.76
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,417
1,727
1,943
2,350
2,754
2,718
2,802
3,259
3,783
4,024
4,492
4,917
5,026
Expenses
2,222
1,639
1,780
2,133
2,504
2,476
2,539
2,847
3,357
3,613
4,029
4,398
4,495
Operating Profit
195
88
163
216
250
241
263
412
425
411
463
519
531
OPM %
8%
5%
8%
9%
9%
9%
9%
13%
11%
10%
10%
11%
11%
Other Income
8
92
27
37
44
34
31
44
70
119
135
131
127
Interest
34
25
30
32
37
34
27
13
10
13
20
23
24
Depreciation
55
52
59
69
77
82
93
113
121
128
118
127
135
PBT
114
103
100
152
179
159
174
330
364
388
459
500
499
Tax %
29%
15%
19%
19%
19%
10%
14%
11%
12%
9%
9%
8%
—
Net Profit
82
88
81
124
145
143
150
293
321
354
416
460
460
EPS in Rs
10.75
11.46
10.53
16.08
18.84
18.53
19.08
37.45
40.91
45.12
53.83
59.45
59.5
Div. Payout %
14%
13%
10%
10%
10%
11%
13%
11%
17%
16%
15%
17%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
15
15
15
15
15
15
15
15
16
16
15
15
Reserves
605
560
631
746
877
1,009
1,154
1,415
1,686
1,988
2,139
2,551
Borrowings
320
354
421
440
470
422
297
96
92
194
242
312
Other Liabilities
197
129
162
196
254
237
272
301
307
304
537
603
Total Liabilities
1,137
1,058
1,229
1,398
1,616
1,683
1,739
1,827
2,101
2,501
2,934
3,482
Fixed Assets
521
532
542
626
727
772
805
801
791
862
964
1,193
CWIP
7
12
57
56
4
22
5
7
26
109
255
343
Investments
7
76
87
104
117
135
150
193
286
543
411
487
Other Assets
602
438
544
611
768
755
779
826
998
988
1,304
1,459
Total Assets
1,137
1,058
1,229
1,398
1,616
1,683
1,739
1,827
2,101
2,501
2,934
3,482
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
125
109
99
157
179
243
305
368
361
299
359
444
Investing
-121
-101
-122
-131
-158
-135
-107
-76
-193
-404
-99
-367
Financing
-4
-12
32
-30
-24
-104
-176
-258
-65
18
-292
-35
Net Cash Flow
-1
-4
8
-4
-3
3
21
34
102
-87
-32
42
Free Cash Flow
-12
11
-15
6
17
97
183
297
208
57
10
32
CFO/OP
78
160
76
89
85
118
114
101
89
82
86
101
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
66
69
67
66
68
65
67
57
54
54
59
61
Cash Conversion Cycle
66
69
67
66
68
65
67
57
54
54
59
61
Working Capital Days
17
7
12
18
25
28
38
49
48
53
52
51
ROCE %
17%
10%
13%
16%
17%
14%
15%
23%
22%
20%
21%
19%

Shareholding Pattern

As of Jun 2026
Promoters 68.66%
DIIs 12.70%
Public 10.50%
Others 5.10%
FIIs 3.04%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
66.71%
66.71%
66.54%
66.54%
66.57%
66.57%
69.03%
69.03%
68.99%
68.94%
68.94%
68.92%
68.92%
68.94%
68.78%
68.74%
68.81%
68.73%
68.73%
68.73%
68.73%
68.66%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.58%
0.00%
2.68%
2.91%
3.02%
3.35%
3.17%
3.18%
3.20%
3.10%
3.04%
3.04%
DIIs
11.41%
11.49%
11.64%
11.50%
11.19%
10.98%
10.94%
11.70%
12.24%
11.90%
12.87%
11.85%
12.19%
12.18%
12.36%
12.33%
12.40%
12.38%
12.65%
12.81%
12.86%
12.70%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.93%
10.55%
10.49%
10.26%
10.31%
10.15%
10.82%
11.01%
10.99%
10.74%
10.56%
10.62%
10.79%
10.76%
10.70%
10.28%
10.34%
10.43%
10.34%
10.16%
10.20%
10.50%
Others
10.95%
11.26%
11.32%
11.70%
11.92%
12.29%
9.21%
8.26%
7.78%
8.42%
5.04%
8.61%
5.42%
5.21%
5.14%
5.31%
5.28%
5.28%
5.09%
5.20%
5.17%
5.10%
No. of Shareholders
26,368
29,051
28,563
38,538
38,398
41,457
50,647
50,420
52,662
49,880
42,383
41,164
43,736
43,822
49,571
51,797
51,693
50,827
49,643
47,661
48,190
48,535

Documents

1
Concall - Jun 2026 Jun 2026
2
Concall - May 2017 May 2017
3
Concall - Feb 2018 Feb 2018
4
Concall - May 2018 May 2018
5
Concall - Feb 2019 Feb 2019

Frequently Asked Questions about Transport Corporation of India Ltd

What does Transport Corporation of India Ltd do?
Transport Corporation of India is engaged in the Business of Freight Transport,Supply Chain Solutions and Transport through Seaways.
Where is Transport Corporation of India Ltd (TCI) listed?
Transport Corporation of India Ltd is listed on the Indian stock exchanges. It is listed on NSE: TCI and BSE: 532349. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Transport Corporation of India Ltd belong to?
Transport Corporation of India Ltd operates in the Services sector within the Transport Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Transport Corporation of India Ltd?
Transport Corporation of India Ltd has a market capitalisation of approximately ₹6944.16 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Transport Corporation of India Ltd?
The Price-to-Earnings (PE) ratio of Transport Corporation of India Ltd is 15.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Transport Corporation of India Ltd?
Over the past 52 weeks, Transport Corporation of India Ltd has traded between a low of ₹868.05 and a high of ₹1,242. This range helps investors understand the stock's price volatility and recent trading levels.
Does Transport Corporation of India Ltd pay dividends?
Yes, Transport Corporation of India Ltd has a dividend yield of 1.10%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Transport Corporation of India Ltd?
Transport Corporation of India Ltd has a Return on Equity (ROE) of 17.65%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Transport Corporation of India Ltd on Tapetide?
On Tapetide, you can view Transport Corporation of India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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

Website tcil.com
CEO Mr. Dharmpal P. Agarwal B.Com.
Employees 4,056
Listed 2002-01-21
Face Value ₹ 2
Issued Size 7,67,26,987

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