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TCI Express Ltd.
(TCIEXP)
TCI Express Ltd. (TCIEXP) vs. iShares MSCI India ETF (INDA)
TCI Express Ltd. Business Overview & Revenue Model
TCI Express Ltd. Financial Statement Overview
| 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
TCI Express Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹6.89B | 16.02 | ― | ― | 34.34% | 2.00% | |
73 Outperform | ₹47.35B | 20.27 | ― | 2.79% | 4.74% | 176.63% | |
68 Neutral | ₹29.45B | 11.11 | ― | 4.74% | 4.77% | -0.62% | |
63 Neutral | ₹20.73B | 25.28 | ― | 1.37% | -2.79% | -26.28% | |
62 Neutral | ₹15.61B | -9.59 | ― | 19.52% | -15.70% | -343.97% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹6.48B | 222.11 | ― | 2.44% | 9.91% | -66.86% |
TCI Express Ltd. Corporate Events
TCI Express Limited has notified the stock exchanges that its Board of Directors, at the meeting scheduled on February 3, 2026 to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, may also consider or recommend a first interim dividend on equity shares for the financial year 2025-26, with a proposed record date of February 7, 2026 if the dividend is declared. The company also reiterated that its trading window for dealing in equity shares has been closed from January 1, 2026 until 48 hours after the financial results are communicated, in compliance with SEBI listing and disclosure regulations, underscoring its adherence to corporate governance norms ahead of potential shareholder payouts.
TCI Express Limited has announced that its wholly owned subsidiary, TCI Express Pte. Ltd., has completed the acquisition of 100% equity shares of TCI Global (Singapore) Pte. Ltd. from related party TCI Holdings Asia Pacific Pte. Ltd., making the Singapore-based logistics and transport firm a step-down wholly owned subsidiary. The all-cash deal, priced at SGD 18,000, is aimed at accelerating and cost-effectively expanding TCI Express’s presence in the Singapore region, consolidating group operations in a key logistics hub despite TCI Global (Singapore) generating no turnover in the last three financial years, and potentially strengthening the company’s regional network and strategic positioning in Asian logistics corridors.
TCI Express Ltd. has notified stock exchanges that its Board of Directors will meet on 3 February 2026 to consider and approve the company’s standalone and consolidated unaudited financial results for the third quarter and nine months ended 31 December 2025. In the same meeting, the board may also consider and recommend a first interim dividend for the 2025-26 financial year, with 7 February 2026 set as the record date for determining shareholders’ eligibility if a dividend is declared, while the trading window for the company’s shares remains closed from 1 January 2026 until 48 hours after the results are communicated in line with securities regulations.
TCI Express Ltd. has disclosed that an order from the Office of the Commissioner (Appeals) of Central Goods and Service Tax, Gurugram, has upheld an earlier GST demand order under Section 74(1) of the CGST Act, 2017, for the financial years 2017-18 to 2021-22, keeping the original demand in force. The demand, amounting to ₹51.36 crore plus applicable interest and penalties under the CGST and Haryana GST Acts, has been uploaded on the GST portal as of 14 January 2026, but the company maintains it has a strong case on merits, plans to challenge the order before the appropriate GST appellate authority, and asserts that there is no material impact on its financials, operations or other activities at this stage.
TCI Express Ltd. has announced that it has published notices in Nav Telangana and Financial Express regarding the transfer of certain equity shares and associated unclaimed dividends to the Investor Education and Protection Fund (IEPF) Authority. The move concerns equity shares and dividends related to the company’s second interim dividend for the financial year 2018-19, which have remained unpaid or unclaimed for seven consecutive years and are currently held in the company’s Unclaimed Suspense Account. In line with Section 124 of the Companies Act, 2013 and related IEPF rules, TCI Express is also sending reminder letters to affected shareholders, signaling a procedural clean-up of legacy unclaimed amounts and reinforcing its compliance with Indian securities and corporate governance regulations.
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 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.