TCI Express Ltd. (TCIEXP) AI Stock Analysis

• Market Cap: ₹25.65B
• Dividend Yield: 1.18%
• Average Volume (3M): 1.19K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 0.92
• Revenue Growth: -3.63%
• EPS Growth: -34.93%
• Country: IN
• Employees: 2,779
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): N/A
• Shares Outstanding: 38,392,200
• 10 Day Avg. Volume: 1,290
• 30 Day Avg. Volume: 1,189
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹912.00
• Price Target Upside: 36.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: ₹824.00 ▲(23.33% Upside)

TCI Express Ltd.'s strong financial performance is a key strength, supported by consistent revenue growth and low financial leverage. However, technical analysis shows bearish short-term trends, and the high P/E ratio raises valuation concerns. The dividend yield provides some balance, but overall market sentiment remains cautious.

TCI Express Ltd. Business Overview & Revenue Model

Company Description

TCI Express Ltd. (TCIEXP) is a leading express delivery service provider in India, specializing in time-sensitive logistics solutions. Catering to a broad range of industries, TCI Express offers a wide array of services including domestic and international courier services, surface express, and value-added services such as e-commerce logistics and cold chain logistics. With a strong network and infrastructure, TCI Express is dedicated to providing efficient and reliable transport solutions to its clients.

How the Company Makes Money

TCI Express Ltd. primarily generates revenue through its express delivery services, which include both domestic and international transportation of parcels and documents. The company's key revenue streams involve charges for expedited delivery services, where customers pay a premium for faster and time-definite deliveries. Additionally, TCI Express earns revenue through value-added services like e-commerce logistics, where it partners with online retailers to manage their logistics needs, and cold chain logistics, which involves transporting perishable goods under controlled conditions. The company also benefits from its extensive network and strategic alliances, which enhance its operational capabilities and market reach, thereby contributing to its earnings.

TCI Express Ltd. Financial Statement Overview

Summary

TCI Express Ltd. demonstrates solid financial performance with strong revenue growth and stable gross profit margins. The company maintains a low leverage profile with a strong balance sheet, though there is slight pressure on net profit margins and fluctuations in free cash flow.

Income Statement

TCI Express Ltd. has shown consistent revenue growth over the years, with revenue increasing from 2021 to 2025. The gross profit margin has been stable, indicating effective cost management. However, the net profit margin has slightly decreased in 2025 compared to previous years, suggesting some pressure on profitability. The EBIT and EBITDA margins are robust, reflecting strong operational performance.

Balance Sheet

The company maintains a strong balance sheet with a consistently low debt-to-equity ratio, indicating lower financial risk. The equity ratio is high, showcasing a solid financial foundation and effective asset management. TCI Express Ltd.'s return on equity has been healthy, reflecting efficient use of shareholders' funds.

Cash Flow

The cash flow from operations has been positive and strong over the years, supporting the company's operations and capital expenditures. The free cash flow has seen fluctuations, with a decline in 2025, which may impact future investments. The operating cash flow to net income ratio remains favorable, indicating good cash conversion from earnings.

Breakdown	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	12.08B	12.41B	12.54B	10.81B	8.44B
Gross Profit	1.84B	2.21B	2.40B	1.99B	1.59B
EBITDA	1.38B	2.02B	1.94B	1.83B	1.42B
Net Income	858.10M	1.39B	1.32B	1.29B	1.01B
Balance Sheet
Total Assets	9.19B	7.35B	8.50B	6.57B	5.47B
Cash, Cash Equivalents and Short-Term Investments	1.63B	586.80M	1.07B	1.03B	842.30M
Total Debt	98.60M	70.70M	104.60M	11.20M	22.40M
Total Liabilities	1.54B	1.39B	1.46B	1.21B	1.13B
Stockholders Equity	7.64B	5.96B	7.04B	5.36B	4.34B
Cash Flow
Free Cash Flow	685.30M	207.70M	838.50M	471.00M	446.00M
Operating Cash Flow	1.19B	1.47B	1.36B	1.28B	1.02B
Investing Cash Flow	-927.10M	-647.10M	-1.05B	-902.70M	-960.10M
Financing Cash Flow	-316.90M	-837.40M	-277.60M	-307.10M	-82.20M

TCI Express Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 668.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCIEXP, the sentiment is Negative. The current price of 668.15 is below the 20-day moving average (MA) of 702.41, below the 50-day MA of 737.89, and below the 200-day MA of 758.00, indicating a bearish trend. The MACD of -19.88 indicates Positive momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 19.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TCIEXP.

TCI Express Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCIEXP	72 Outperform	₹25.65B	29.87		1.18%	-3.63%	-34.93%
VRLLOG	71 Outperform	₹49.08B	22.36		3.59%	8.04%	221.22%
BALMLAWRIE	67 Neutral	₹36.48B	13.46		3.99%	7.25%	1.09%
RITCO	66 Neutral	₹7.93B	17.66		―	32.13%	9.39%
ALLCARGO	60 Neutral	₹35.07B	99.11		6.16%	17.82%	-311.97%
SNOWMAN	59 Neutral	₹8.88B	142.77		1.89%	11.69%	-44.06%
Sector *	54 Neutral	C$45.05M	57.91	15.08%	4.51%	1.39%	-26.37%