TCI Express Ltd. (TCIEXP) AI Stock Analysis

• Market Cap: ₹20.55B
• Dividend Yield: 1.37%
• Average Volume (3M): 1.04K
• Price to Earnings (P/E): 25.1
• Beta (1Y): 0.91
• Revenue Growth: -2.79%
• EPS Growth: -26.28%
• Country: IN
• Employees: 2,779
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 6.24
• Shares Outstanding: 38,418,990
• 10 Day Avg. Volume: 739
• 30 Day Avg. Volume: 1,043
• PEG Ratio: -0.63
• Price to Book (P/B): 2.46
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 27.50
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹674.00 ▲(0.22% Upside)

The overall stock score for TCI Express Ltd. is primarily driven by its strong financial performance, which provides a solid foundation. However, the technical analysis indicates bearish momentum, which negatively impacts the score. The valuation suggests the stock might be overvalued, further moderating the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Strong Financial Performance

The company's strong financial performance and operational efficiency provide a solid foundation for sustainable growth, reducing financial risk.

Low Leverage Profile

A low leverage profile ensures financial stability, allowing the company to navigate economic fluctuations with reduced risk of financial distress.

Strong Balance Sheet

A strong balance sheet with low debt enhances financial flexibility, enabling strategic investments and growth opportunities.

Negative Factors

Decline in Free Cash Flow

A decline in free cash flow could limit the company's ability to fund new projects or expansions, affecting long-term growth prospects.

Pressure on Profitability

Decreasing net profit margins indicate cost pressures or pricing challenges, which could impact the company's ability to sustain earnings growth.

Negative Revenue Growth

Negative revenue growth suggests challenges in maintaining sales momentum, potentially impacting market position and long-term competitiveness.

TCI Express Ltd. Business Overview & Revenue Model

Company Description

TCI Express Limited provides express delivery solutions in India and internationally. It provides surface express; reverse express; domestic and international air express; e-commerce express; C2C express; rail express; and cold chain express services. The company serves pharmaceutical, engineering, telecom, automotive, consumer durable, textile, retail, e-commerce, and plastic industries, as well as supermarkets. It has approximately 40,000 pickup points and 50,000 delivery locations with approximately 5,000 containerized vehicles. The company was formerly known as TCI Properties (Pune) Limited. TCI Express Limited was founded in 1996 and is based in Gurugram, India.

How the Company Makes Money

TCI Express generates revenue primarily through its express delivery services, which cater to businesses and individuals requiring fast and reliable logistics solutions. The company charges clients based on the weight, dimensions, and distance of the parcels being shipped. Key revenue streams include domestic express services, international shipment services, and specialized logistics solutions for sectors like e-commerce and pharmaceuticals. TCI Express also benefits from partnerships with various e-commerce platforms and retailers, enhancing its volume of shipments and broadening its customer base. Additionally, the company's investment in technology, such as tracking systems and automated processes, improves operational efficiency and customer satisfaction, contributing to increased earnings.

TCI Express Ltd. Financial Statement Overview

Summary

TCI Express Ltd. demonstrates solid financial performance with consistent revenue growth and strong operational efficiency. The company maintains a low leverage profile, providing stability and reducing financial risk. While profitability metrics show slight pressure, the firm continues to generate positive cash flows, underpinning its financial health and potential for future growth.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.02B	12.08B	12.54B	12.41B	10.81B	8.44B
Gross Profit	1.79B	1.84B	2.40B	2.21B	1.99B	1.59B
EBITDA	1.24B	1.38B	1.94B	2.02B	1.83B	1.42B
Net Income	829.50M	858.10M	1.32B	1.39B	1.29B	1.01B
Balance Sheet
Total Assets	0.00	9.19B	8.50B	7.35B	6.57B	5.47B
Cash, Cash Equivalents and Short-Term Investments	1.60B	1.63B	1.07B	459.60M	1.03B	842.30M
Total Debt	0.00	98.60M	104.60M	70.70M	11.20M	22.40M
Total Liabilities	-7.64B	1.54B	1.46B	1.39B	1.21B	1.13B
Stockholders Equity	7.64B	7.64B	7.04B	5.96B	5.36B	4.34B
Cash Flow
Free Cash Flow	0.00	685.30M	838.50M	207.70M	471.00M	446.00M
Operating Cash Flow	0.00	1.19B	1.36B	1.47B	1.28B	1.02B
Investing Cash Flow	0.00	-927.20M	-1.05B	-647.10M	-902.70M	-960.10M
Financing Cash Flow	0.00	-316.90M	-277.60M	-837.40M	-307.10M	-82.20M

TCI Express Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 672.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 672.55 is above the 20-day moving average (MA) of 576.53, above the 50-day MA of 598.37, and below the 200-day MA of 681.24, indicating a bearish trend. The MACD of -7.52 indicates Positive momentum. The RSI at 31.13 is Neutral, neither overbought nor oversold. The STOCH value of 20.76 is Neutral, 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
RITCO	74 Outperform	₹7.40B	17.22	―	―	34.34%	2.00%
VRLLOG	73 Outperform	₹45.06B	19.29	―	2.79%	4.74%	176.63%
BALMLAWRIE	68 Neutral	₹30.80B	11.62	―	4.74%	4.77%	-0.62%
TCIEXP	63 Neutral	₹20.55B	25.06	―	1.37%	-2.79%	-26.28%
ALLCARGO	62 Neutral	₹10.91B	-10.21	―	19.52%	-15.70%	-343.97%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SNOWMAN	50 Neutral	₹6.45B	220.96	―	2.44%	9.91%	-66.86%

TCI Express Ltd. Corporate Events

TCI Express Closes Trading Window Ahead of Q3 FY2026 Results

TCI Express Ltd. has announced the closure of its trading window for dealings in the company’s equity shares from 1 January 2026 until 48 hours after the announcement of its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025. The move, made in compliance with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is a standard governance measure aimed at preventing insider trading and reinforces its adherence to regulatory and disclosure norms for investors and market participants.

TCI Express Reports No Re-Lodgement Requests for Physical Share Transfers

TCI Express Limited has informed the stock exchanges that, in line with a SEBI circular on re-lodgement of transfer requests for physical shares, it has submitted reports from its registrar and share transfer agent, Kfin Technologies, for the months ended October 31 and November 30, 2025. According to Kfin Technologies, no shareholder requests for re-lodgement of physical share transfers were received, processed, approved, or rejected during the period, indicating no pending or operational impact from such requests on the company’s share transfer processes under the SEBI-mandated special window.