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TSC India Ltd (TSC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TSC Travel Services | Small Cap | TSC India Share Price

BSE Share Price
Not Listed

TSC India Ltd (TSC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TSC Travel Services | Small Cap | TSC India Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹41 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.2
TTM Sales
₹23.4 Cr.
Book Value per Share
₹30.7
P/E Ratio
12.52
Lower than its 5-year historical median
Industry PE
38.9
Price to Book (P/B)
0.91
Lower than its 5-year historical median
Price to Sales (P/S)
1.74
Lower than its 5-year historical median
EV/EBITDA
9.30
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
38.20%
Outperforms industry median
Return on Capital Employed (ROCE)
26.31%
Outperforms industry median
Return on Assets (ROA)
9.43%
Operating Profit Margin
30.9%
Net Profit Margin
18.84%
Gross Profit Margin
28.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
29.09%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.59%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
16.75%
Asset Quality
Promoter Holding
64.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹30 Cr.
Equity
₹14.5 Cr.
Face Value
₹10
All Time Low / High
- / -

TSC India stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is TSC India Ltd a good quality company?
TSC India Ltd is a quality company, based on a 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 TSC India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TSC India Ltd vs industry peers?
TSC India Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of TSC India Ltd?
Promoters hold 64.68% of the TSC India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TSC India Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% 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.
TSC India 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'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ22.5%30.5%20.3%29.2%26.3%-
Value Creation
Index ⓘ		0.61.20.51.10.9-

Growth Parameters ⓘ
Sales ⓘ6.47.39.118.624.123
Sales YoY Gr.-13.8%25.7%104.5%29.1%-
Adj EPS ⓘ0.50.71.88.14.42.2
YoY Gr.-26.4%167.2%351.4%-45.8%-
BVPS (₹) ⓘ7.17.89.617.714.730.7
Adj Net
Profit ⓘ		0.30.30.93.94.53
Cash Flow from Ops. ⓘ03.40.50.3-3.7-
Debt/CF from Ops. ⓘ01.322.952.5-4.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA49.1%29.1%
Adj EPS ⓘNANA87%-45.8%
BVPSⓘNANA23.6%-16.7%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		7.5920.659.338.29.9
Op. Profit
Mgn % ⓘ		32.135.930.835.430.9NAN
Net Profit
Mgn % ⓘ		44.49.520.818.813.9
Debt to
Equity ⓘ		1.71.22.721-
Working Cap
Days ⓘ		03024825736300
Cash Conv.
Cycle ⓘ		0-161-79220

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales6.377.259.1118.6324.05
Operating Expenses ⓘ + 4.324.656.3012.0416.63
Manufacturing Costs0.010.020.380.140.16
Material Costs3.012.61000
Employee Cost 0.760.971.673.574.98
Other Costs ⓘ 0.541.054.268.3311.49
Operating Profit ⓘ 2.052.602.806.597.42
Operating Profit Margin (%) 32.1%35.9%30.8%35.4%30.9%
Other Income ⓘ + 0.150.230.320.510.60
Exceptional Items ⓘ 00000
Interest ⓘ 1.762.111.281.031.26
Depreciation ⓘ 0.080.150.580.940.62
Profit Before Tax ⓘ 0.350.561.255.136.14
Tax ⓘ 0.100.240.391.251.61
Profit After Tax 0.260.320.863.884.53
PAT Margin (%) 4.0%4.4%9.5%20.8%18.8%
Adjusted EPS (₹)0.50.71.88.14.4
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of TSC India - Standalone

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'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3.433.744.618.4915.24
Share Capital ⓘ 1.921.921.921.9210.35
Reserves ⓘ 1.511.822.696.574.89
Debt +4.743.8511.4915.9915.08
Long Term Debt2.722.554.504.242.58
Short Term Debt2.021.306.9911.7512.51
Minority Interest00000
Trade Payables2.823.765.4822.0213.46
Others Liabilities ⓘ 1.360.691.402.673.09
Total Liabilities ⓘ 12.3612.0522.9849.1746.86

Fixed Assets

Net Fixed Assets ⓘ +0.641.022.952.241.82
Gross Block2.331.483.984.214.30
Accumulated Depreciation1.690.461.031.972.48
CWIP ⓘ 00000
Investments ⓘ 000.800.801.60
Inventories00000
Trade Receivables5.235.138.4429.8530.24
Cash Equivalents 5.794.951.225.620.96
Others Assets ⓘ 0.690.949.5710.6612.23
Total Assets ⓘ 12.3612.0522.9849.1746.86

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 03.350.530.32-3.70
PBT ⓘ 00.561.255.136.14
Adjustment ⓘ 02.031.551.461.21
Changes in Working Capital ⓘ 00.76-2.27-5.06-9.75
Tax Paid ⓘ 0-0-0-1.21-1.30
Cash Flow From Investing Activity ⓘ + 0-0.53-2.771.45-0.97
Capex 0-0.53-2.48-0.23-0.10
Net Investments 0001.10-1.19
Others ⓘ 00-0.290.570.32
Cash Flow From Financing Activity ⓘ + 0-3.666.523.73-0.38
Net Proceeds from Shares ⓘ 00002.22
Net Proceeds from Borrowing ⓘ 0-0.171.95-0-2.17
Interest Paid ⓘ 0-2.10-1.28-1.03-1.19
Dividend Paid ⓘ 00000
Others ⓘ 0-1.385.854.760.76
Net Cash Flow ⓘ 0-0.844.285.50-5.04

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.458.9520.6159.2838.2
ROCE (%)22.530.4820.3129.1626.31
Asset Turnover Ratio0.520.590.520.520.5
PAT to CFO Conversion(x)010.470.620.08-0.82
Working Capital Days
Receivable Days299.90261271.90375.20456.10
Inventory Days00000
Payable Days342.70460.10000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TSC India Ltd FAQs

The current trading price of TSC India on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of TSC India stood at ₹40.65 Cr

The latest P/E ratio of TSC India as of 31-Dec-1969 is 12.52.

The latest P/B ratio of TSC India as of 31-Dec-1969 is 0.91.

The 52-week high of TSC India is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TSC India is ₹23.36 ( Cr.) .

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

The key valuation ratios of TSC India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TSC India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About TSC India Ltd

TSC India Limited was originally incorporated as ‘TSC Travel Services Private Limited’ on July 18, 2003 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Punjab, H.P. & Chandigarh. Further, the company was converted into a public limited company pursuant to shareholders resolution passed at the extra-ordinary general meeting of the company held on June 06, 2024 and the name of the company was changed to ‘TSC Travel Services Limited’ and a Fresh Certificate of Incorporation dated August 01, 2024 issued by the Registrar of Companies, Central Processing Centre. Subsequently, the name of the company was changed to ‘TSC India Limited’ pursuant to the special resolution passed by the Shareholders of the company at the Extraordinary General Meeting held on August 12, 2024 and Central Processing Centre issued a fresh certificate of incorporation dated September 02, 2024 upon change of the name of the Company. 

TSC India (TSC) is a travel management company which specializes in providing comprehensive air ticketing services tailored to the requirements of its clients. The company is focused on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end user customers. TSC’s operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence. 

The company provides access to a wide network of domestic and international flights, offering competitive fares and flexible booking options. Its services are designed with an emphasis on efficiency, cost-effectiveness, and adherence to ethical business practices. TSC maintains a strong commitment to customer satisfaction, ensuring that client needs are met with precision and care. Over the years, the company has built a diverse client base, which includes travel agencies from various locations in India. TSC’s approach is guided by a focus on strengthening its service offerings, fostering strategic partnerships, and integrating technology to enhance the quality and efficiency of its travel management solutions.

Business area of the company

The company is a travel management company focused on serving the B2B and corporate sectors.

Awards and recognition

  • 2004: Awarded as ‘Passenger Agent's Bronze Award’ by The Gulf Air.
  • 2005: Awarded as ‘High Flyer Award’ by The Qantas.
  • 2007: Awarded as ‘Outstanding Contribution’ by The Austrian Airlines.
  • 2008: Awarded as ‘Outstanding Contribution’ by The Austrian Airlines.
  • 2008: Awarded as ‘Outstanding Performance & Certificate of Excellence in Sales’ by The AIR CANADA.
  • 2009: Awarded as ‘Recognition of Continuous Support and Sales’ by The China Airlines.
  • 2010: Awarded as ‘Outstanding Performance’ by The Cathay Pacific.
  • 2012: Awarded as ‘Top Performer’ by The Virgin Atlantic.
  • 2014: Awarded as ‘Certificate of Appreciation’ by The China Southern Airlines.
  • 2014: Awarded as ‘Top Performer’ by The Virgin Atlantic.
  • 2015: Awarded as ‘Outstanding Support’ by The Air China.
  • 2016: Awarded as ‘Outstanding Performance in the Retail Business Segment’ by The China Southern Airlines.
  • 2016: Awarded as ‘Outstanding Performance’ by The Air China.
  • 2016: Awarded as ‘Certificate of Recognition’ by The China Eastern Airlines.
  • 2017: Awarded as ‘Top Sales Award’ by The China Airlines.
  • 2017: Awarded as ‘2nd Top Selling Agency 2017 in Punjab State’ by The Hahn Air.
  • 2018: Awarded as ‘Outstanding Performance’ by The China Eastern Airlines.
  • 2024: Awarded as ‘Top Agent Award’ by The Singapore Airlines.
  • 2024: Awarded for unwavering support throughout 2023-2024 by Air India.

History and milestones

  • 2003: Incorporation of the company as ‘TSC Travel Services Private Limited’.
  • 2024: Conversion into public limited company.
  • 2024: Change of name form ‘TSC Travel Services Private Limited’ to TSC India Limited.

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