Transport Corporation of India Limited (IN:TCI)
:TCI
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Transport Corporation of India Limited
(TCI)
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Rating:70Outperform
Price Target:
₹1,039.00
▼(-2.25% Downside)
Action:Reiterated
Date:09/16/25
The overall stock score is primarily driven by strong financial performance, reflecting robust growth and profitability improvements. Technical analysis indicates a neutral trend with moderate bullish momentum, while valuation metrics suggest the stock is fairly priced. The absence of earnings call data and corporate events did not impact the score.
Positive Factors
Integrated logistics platform
TCI's multi-segment operating model (surface, forwarding, contract logistics, cold chain) creates durable cross-sell and wallet-share advantages. Long-term contracts and end-to-end capabilities raise customer switching costs, improve asset utilization, and diversify revenue against single-segment shocks.
Negative Factors
Free cash flow volatility
Fluctuating and recently declining free cash flow reduces the firm's ability to fund growth, pay dividends, or deleverage without raising capital. Persistent variability forces careful capex timing and could constrain strategic investments or push reliance on external financing in adverse periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated logistics platform
TCI's multi-segment operating model (surface, forwarding, contract logistics, cold chain) creates durable cross-sell and wallet-share advantages. Long-term contracts and end-to-end capabilities raise customer switching costs, improve asset utilization, and diversify revenue against single-segment shocks.
Read all positive factors
Transport Corporation of India Limited (TCI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.68B
Dividend Yield0.94%
Average Volume (3M)1.38K
Price to Earnings (P/E)18.0
Beta (1Y)0.94
Revenue Growth8.65%
EPS Growth13.08%
CountryIN
Employees3,896
SectorServices
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)56.42
Shares Outstanding76,743,800
10 Day Avg. Volume880
30 Day Avg. Volume1,377
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)4.02
Price to Sales (P/S)1.92
P/FCF Ratio1.67K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)62.73
Revenue Forecast (FY)₹56.11B
Transport Corporation of India Limited Business Overview & Revenue Model
Company Description
Transport Corporation of India Limited provides end to end integrated supply chain and logistics solutions in India. It operates through Freight, Supply Chain Solutions, Seaways, and Energy divisions. The company offers surface transport solutions...
How the Company Makes Money
TCI makes money by charging customers for logistics services delivered across its business segments. Key revenue streams typically include: (1) Surface/road transportation and distribution services, where TCI earns freight and service charges for ...
Transport Corporation of India Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.81B | 45.03B | 40.38B | 37.94B | 32.69B | 28.14B |
| Gross Profit | 5.75B | 5.95B | 5.34B | 5.32B | 4.97B | 3.50B |
| EBITDA | 5.15B | 4.66B | 4.19B | 4.33B | 4.16B | 2.75B |
| Net Income | 4.34B | 4.12B | 3.51B | 3.17B | 2.90B | 1.47B |
Balance Sheet | ||||||
| Total Assets | 30.78B | 27.80B | 25.01B | 21.01B | 18.27B | 17.39B |
| Cash, Cash Equivalents and Short-Term Investments | 3.03B | 2.56B | 4.14B | 2.58B | 826.16M | 340.55M |
| Total Debt | 2.53B | 2.42B | 1.94B | 918.80M | 962.27M | 2.97B |
| Total Liabilities | 6.48B | 5.89B | 4.64B | 3.69B | 3.69B | 5.60B |
| Stockholders Equity | 23.91B | 21.55B | 20.04B | 17.02B | 14.30B | 11.70B |
Cash Flow | ||||||
| Free Cash Flow | 299.00M | 52.00M | 566.53M | 2.05B | 2.92B | 1.49B |
| Operating Cash Flow | 2.32B | 3.59B | 2.99B | 3.61B | 3.68B | 3.05B |
| Investing Cash Flow | -2.22B | -993.00M | -4.04B | -1.93B | -762.16M | -1.06B |
| Financing Cash Flow | 38.00M | -2.92B | 176.43M | -654.70M | -2.58B | -1.78B |
Transport Corporation of India Limited Technical Analysis
Negative
1062.95
Price Trends
955.45
Negative
997.92
Negative
1069.24
Negative
Market Momentum
-23.37
Positive
37.82
Neutral
9.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCI, the sentiment is Negative. The current price of 1062.95 is above the 20-day moving average (MA) of 929.81, above the 50-day MA of 955.45, and below the 200-day MA of 1069.24, indicating a bearish trend. The MACD of -23.37 indicates Positive momentum. The RSI at 37.82 is Neutral, neither overbought nor oversold. The STOCH value of 9.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TCI.
Transport Corporation of India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹19.60B | 13.46 | ― | 0.98% | -1.09% | 16.30% | |
70 Outperform | ₹67.68B | 18.01 | ― | 0.94% | 8.65% | 13.08% | |
63 Neutral | ₹19.58B | 25.07 | ― | 1.37% | -0.12% | -13.61% | |
61 Neutral | ₹42.72B | 18.11 | ― | 2.79% | 1.90% | 29.42% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
52 Neutral | ₹146.33B | 50.01 | ― | ― | 24.18% | 39.07% | |
46 Neutral | ₹5.91B | -0.66 | ― | ― | -22.55% | 56.36% |
* Services Sector Average
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Transport Corporation of India Limited Corporate Events
Transport Corporation of India Announces Trading Window Closure Ahead of FY26 Results
Mar 26, 2026
Transport Corporation of India Limited has announced that its trading window for dealing in company securities will be closed from April 1, 2026, in accordance with SEBI’s Prohibition of Insider Trading regulations and the firm’s inter...
TCI Shareholders Clear Key Related-Party Deal With CONCOR Subsidiary
Mar 16, 2026
Transport Corporation of India Limited reported that its shareholders have approved a material related-party transaction between its subsidiary TCI-CONCOR Multimodal Solutions and Container Corporation of India. The approval was obtained via posta...
Transport Corporation of India Files Revised Q3 and 9M FY2026 Investor Presentation
Feb 8, 2026
Transport Corporation of India Limited has submitted an updated investor presentation for the third quarter and nine months ended December 31, 2025, to the stock exchanges. The company stated that the revision contains minor edits made to correct ...
Transport Corporation of India Publishes Q3 and Nine-Month FY2025 Unaudited Results in Newspapers
Feb 5, 2026
Transport Corporation of India Limited has announced that it has published its standalone and consolidated unaudited financial results for the third quarter and nine months ended December 31, 2025 in leading newspapers, fulfilling its disclosure o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.