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TCI Express Ltd (TCIEXP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540212 NSE: TCIEXP Logistics | Small Cap | TCI Express Share Price

₹535.80 19.05 (3.69%)

As on 04-Jun'26 16:59

TCI Express Ltd (TCIEXP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540212 NSE: TCIEXP Logistics | Small Cap | TCI Express Share Price

₹535.80 19.05 (3.69%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,058 Cr.
Current Price
₹535.8
52-Week Low / High
₹451 / 835
TTM EPS
₹21.2
TTM Sales
₹1,237 Cr.
Book Value per Share
₹213.1
P/E Ratio
25.28
Lower than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
2.51
Lower than its 5-year historical median
Price to Sales (P/S)
1.66
Lower than its 5-year historical median
EV/EBITDA
14.74
Lower than its 5-year historical median
Dividend Yield
1.31%
Profitability Efficiency
Return on Equity (ROE)
11.77%
Underperforms industry median
Return on Capital Employed (ROCE)
15.83%
In line with industry median
Return on Assets (ROA)
9.70%
Operating Profit Margin
10.3%
Net Profit Margin
7.1%
Gross Profit Margin
11.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-3.63%
Operating Profit Growth (1 Year)
-
-33.41%
Net Profit Growth (1 Year)
-
-34.83%
Asset Quality
Promoter Holding
69.46%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹811 Cr.
Equity
₹7.7 Cr.
Face Value
₹2
All Time Low / High
₹265.15 / 2570.00

TCI Express stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is TCI Express Ltd a good quality company?
TCI Express Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does TCI Express Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TCI Express Ltd vs industry peers?
TCI Express Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 8.47%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of TCI Express Ltd?
Promoters hold 69.46% of the TCI Express Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TCI Express Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -17.1% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TCI Express Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ0%0%0%0%0%0%0%31.2%26.9%15.8%-
Value Creation
Index ⓘ		NANANANANANANA1.30.90.1-

Growth Parameters ⓘ
Sales ⓘ00000001,2411,2541,2081,237
Sales YoY Gr.-NANANANANANANA1%-3.6%-
Adj EPS ⓘ000000036.434.220.721.2
YoY Gr.-NANANANANANANA-5.9%-39.5%-
BVPS (₹) ⓘ0000000154.7182.2197.8213.1
Adj Net
Profit ⓘ		000000013913179.581
Cash Flow from Ops. ⓘ0000000147136118-
Debt/CF from Ops. ⓘ0000000000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA-3.6%
Adj EPS ⓘNANANA-39.5%
BVPSⓘNANANA8.6%
Share Price - -18% -30.9% -34.2%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		000000023.420.210.810.3
Op. Profit
Mgn % ⓘ		000000015.714.910.410.2
Net Profit
Mgn % ⓘ		000000011.210.56.66.6
Debt to
Equity ⓘ		00000000000
Working Cap
Days ⓘ		00000000768262
Cash Conv.
Cycle ⓘ		00000000333743

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales1,2411,2541,208
Operating Expenses ⓘ + 1,0471,0671,084
Manufacturing Costs858867870
Material Costs000
Employee Cost 124134141
Other Costs ⓘ 646672
Operating Profit ⓘ 194187125
Operating Profit Margin (%) 15.7%14.9%10.3%
Other Income ⓘ + 7713
Exceptional Items ⓘ 000
Interest ⓘ 211
Depreciation ⓘ 151922
Profit Before Tax ⓘ 185174115
Tax ⓘ 454229
Profit After Tax 13913286
PAT Margin (%) 11.2%10.5%7.1%
Adjusted EPS (₹)36.434.322.4
Dividend Payout Ratio (%)22%23.30%35.80%

Valuation of TCI Express - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 592699759
Share Capital ⓘ 888
Reserves ⓘ 585691752
Debt +130
Long Term Debt000
Short Term Debt130
Minority Interest000
Trade Payables888994
Others Liabilities ⓘ 545965
Total Liabilities ⓘ 735850919

Fixed Assets

Net Fixed Assets ⓘ +374452462
Gross Block430518545
Accumulated Depreciation566683
CWIP ⓘ 611620
Investments ⓘ 3391148
Inventories000
Trade Receivables211232226
Cash Equivalents 172015
Others Assets ⓘ 394047
Total Assets ⓘ 735850919

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 147136118
PBT ⓘ 185174115
Adjustment ⓘ 162022
Changes in Working Capital ⓘ -11-178
Tax Paid ⓘ -43-40-26
Cash Flow From Investing Activity ⓘ + -65-105-91
Capex -125-52-30
Net Investments 56-57-63
Others ⓘ 541
Cash Flow From Financing Activity ⓘ + -84-28-32
Net Proceeds from Shares ⓘ 223
Net Proceeds from Borrowing ⓘ -1-00
Interest Paid ⓘ -2-1-1
Dividend Paid ⓘ -31-31-31
Others ⓘ -522-3
Net Cash Flow ⓘ -23-5

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)23.5120.411.77
ROCE (%)31.2126.915.83
Asset Turnover Ratio1.691.581.37
PAT to CFO Conversion(x)1.061.031.37
Working Capital Days
Receivable Days62.2064.5069.10
Inventory Days000
Payable Days000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TCI Express Ltd FAQs

The current trading price of TCI Express on 04-Jun-2026 16:59 is ₹535.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of TCI Express stood at ₹2,058.5 Cr

The latest P/E ratio of TCI Express as of 03-Jun-2026 is 22.91.

The latest P/B ratio of TCI Express as of 03-Jun-2026 is 2.48.

The 52-week high of TCI Express is ₹835.0 and the 52-week low is ₹451.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TCI Express is ₹1,236 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that TCI Express Ltd is a average quality company.

The key valuation ratios of TCI Express Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of TCI Express Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About TCI Express Ltd

TCI XPS was established in 1996 as one of the foremost divisions of Transport Corporation of India (TCI), India’s most admired logistics company. Currently, TCI XPS has been hived off to become TCI Express Limited, an independent company listed with stock exchanges of India. The focus is very clearly on express cargo distribution with greater emphasis on the burgeoning e-commerce business. The specialize in offering time definite solutions. TCI Express provides a wide range of logistics solutions across different sectors. Known for its time-bound and express distribution services, the Company today provides domestic surface express, domestic air express, international air express, reverse express, and e-commerce express services across different sectors like automotive, pharmaceutical, textiles, information technology, retail, and e-commerce, among others.

Business area of the company

The company is engaged in offering transport, storage, warehousing and support services for transportation. The Company is engaged in express distribution and offers a single window door-to-door solution to customers. The Company provides around the clock services and time sensitive express deliveries by air mode.

Services of the company

  • Surface Express
  • Domestic Air Express
  • International Air Express
  • Reverse Express
  • E-Commerce

Awards and Accolades

  • 2019: Bharariya Manvata Vikash Puraskar 2019 as Most Brands Industry Trendsetter.
  • 2019: Bharariya Manvata Vikash Puraskar 2019 as Most Brands Industry Trendsetter.
  • 2019: India Logistics Summit & Award 2019 for Logistics Excellence Tech innovator of the year.
  • 2020: The Company has been certified as great place to work.
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