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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

TCI Express Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:58 am

Market Cap 3,160 Cr.
Current Price 823
High / Low 1,438/801
Stock P/E27.9
Book Value 195
Dividend Yield0.97 %
ROCE26.5 %
ROE20.2 %
Face Value 2.00
PEG Ratio3.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Flomic Global Logistics Ltd 125 Cr. 68.8 88.0/61.029.4 24.10.00 %8.64 %5.18 % 10.0
DJ Mediaprint & Logistics Ltd 643 Cr. 198 212/42.792.1 11.00.03 %19.0 %16.2 % 10.0
Delhivery Ltd 25,969 Cr. 350 488/326825 1250.00 %1.73 %2.94 % 1.00
Chartered Logistics Ltd 124 Cr. 12.5 14.2/5.8748.2 5.270.00 %4.43 %0.36 % 1.00
Cargotrans Maritime Ltd 36.2 Cr. 88.8 103/50.820.6 36.90.00 %18.7 %14.0 % 10.0
Industry Average5,115.05 Cr201.22121.3762.110.42%9.90%15.02%6.81

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales223273287298290310314326305320312317293
Expenses191228240248248258268272258270266272259
Operating Profit32454750435146544650464534
OPM %14%17%16%17%15%17%15%17%15%16%15%14%11%
Other Income2222221212222
Interest0000000100000
Depreciation2223334455555
Profit before tax31454749415043514347424230
Tax %24%24%25%26%25%24%25%24%25%25%24%24%24%
Net Profit24343536313832383236323223
EPS in Rs6.188.849.139.338.069.818.3110.048.449.288.408.246.03

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales007508851,0241,0328441,0811,2411,266
Expenses006887949049107109071,0471,068
Operating Profit0-06291119122134175194197
OPM %8%10%12%12%16%16%16%16%
Other Income0012348876
Interest0024411122
Depreciation0045789101518
Profit before tax0-05784112117132172185184
Tax %0%34%30%35%24%24%25%25%
Net Profit0-037587389101129139138
EPS in Rs9.7915.2519.0123.2226.1733.4736.3536.07
Dividend Payout %0%16%16%16%17%15%24%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)56.76%25.86%21.92%13.48%27.72%7.75%
Change in YoY Net Profit Growth (%)0.00%-30.89%-3.94%-8.43%14.24%-19.97%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2017-2018 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:4%
3 Years:14%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:10%
TTM:-18%
Stock Price CAGR
10 Years:%
5 Years:2%
3 Years:-30%
1 Year:-41%
Return on Equity
10 Years:%
5 Years:25%
3 Years:23%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:49 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.058888888888
Reserves0115153199260330426528589696742
Borrowings0413241104217109
Other Liabilities035529610290110120132136122
Total Liabilities0198244344379432547657735850880
Fixed Assets06497162173185228320374452446
CWIP0980111286611626
Investments000013060883394102
Other Assets0126139182203206231243267288305
Total Assets0198244344379432547657735850880

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +0-7752747881102128147136
Cash from Investing Activity +0-76-39-63-26-60-96-90-65-108
Cash from Financing Activity +0163-15-8-47-26-8-31-84-28
Net Cash Flow011-235-4-27-2-0

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.00-41.0030.0050.00109.00118.00132.00174.00187.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days5564585973646267
Inventory Days
Days Payable
Cash Conversion Cycle5564585973646267
Working Capital Days3730283337383843
ROCE %-0%33%40%44%38%34%36%33%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters66.70%66.70%66.69%66.69%66.66%66.87%69.66%69.66%69.61%69.61%69.61%69.61%
FIIs1.46%2.12%2.00%1.89%1.84%1.73%2.04%2.30%3.04%2.93%2.42%1.60%
DIIs10.79%9.54%8.12%8.80%10.45%10.43%10.24%10.17%8.84%8.35%8.92%10.20%
Public21.05%21.64%23.19%22.62%21.04%20.98%18.06%17.88%18.50%19.09%19.07%18.60%
No. of Shareholders37,00543,55742,63442,26741,57743,51742,54844,01052,12053,42149,66149,315

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Canara Robeco Emerging Equities660,0750.4690.72320,3752024-12-18106.03%
Canara Robeco Flexi Cap Fund456,2120.5562.7320,3752024-12-1842.4%
Sundaram Large and Mid Cap Fund320,3750.7244.03320,3752024-12-180%
Nippon India Multi Cap Fund300,0000.1741.23320,3752024-12-18-6.36%
HDFC Capital Builder Value Fund - Regular Plan288,7650.6139.69320,3752024-12-18-9.87%
UTI Small Cap Fund148,3150.5620.38320,3752024-12-18-53.71%
HDFC Multi Cap Fund132,8000.1718.25320,3752024-12-18-58.55%
Sundaram Multi Cap Fund130,4960.7717.94320,3752024-12-18-59.27%
Tata Infrastructure Fund - Regular Plan111,0850.9815.27320,3752024-12-18-65.33%
Sundaram Flexicap Fund104,0000.6714.29320,3752024-12-18-67.54%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23
FaceValue2.002.00
Basic EPS (Rs.)34.3536.24
Diluted EPS (Rs.)34.2736.24
Cash EPS (Rs.)39.2740.36
Book Value[Excl.RevalReserv]/Share (Rs.)183.56155.71
Book Value[Incl.RevalReserv]/Share (Rs.)183.56155.71
Revenue From Operations / Share (Rs.)326.94324.02
PBDIT / Share (Rs.)50.6852.65
PBIT / Share (Rs.)45.7448.65
PBT / Share (Rs.)45.3648.18
Net Profit / Share (Rs.)34.3336.37
NP After MI And SOA / Share (Rs.)34.3336.37
PBDIT Margin (%)15.5016.24
PBIT Margin (%)13.9915.01
PBT Margin (%)13.8714.86
Net Profit Margin (%)10.5011.22
NP After MI And SOA Margin (%)10.5011.22
Return on Networth / Equity (%)18.7023.35
Return on Capital Employeed (%)24.3130.51
Return On Assets (%)15.4818.95
Asset Turnover Ratio (%)1.580.00
Current Ratio (X)2.962.41
Quick Ratio (X)2.962.15
Dividend Payout Ratio (NP) (%)23.2922.08
Dividend Payout Ratio (CP) (%)20.3619.89
Earning Retention Ratio (%)76.7177.92
Cash Earning Retention Ratio (%)79.6480.11
Interest Coverage Ratio (X)132.22111.41
Interest Coverage Ratio (Post Tax) (X)90.5777.95
Enterprise Value (Cr.)3907.125703.77
EV / Net Operating Revenue (X)3.124.60
EV / EBITDA (X)20.1028.29
MarketCap / Net Operating Revenue (X)3.134.61
Retention Ratios (%)76.7077.91
Price / BV (X)5.579.59
Price / Net Operating Revenue (X)3.134.61
EarningsYield0.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,109.64

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 34.83% compared to the current share price 823.00

Intrinsic Value of as of December 22, 2024 is: 1,211.82

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 47.24% compared to the current share price 823.00

Last 5 Year EPS CAGR: 9.21%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 28.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 28.40, which is a positive sign.
  3. The company has higher reserves (367.09 cr) compared to borrowings (14.27 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (248.40 cr) and profit (104.30 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 50.20, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 10.5%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.31% (Industry Average ROCE: 9.9%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.7% (Industry Average ROE: 15.02%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 90.57
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.96
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 27.9 (Industry average Stock P/E: 121.37)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

TCI Express Ltd. is a Public Limited Listed company incorporated on 10/11/2008 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L62200TG2008PLC061781 and registration number is 061781. Currently Company is involved in the business activities of Cargo handling incidental to land transport. Company’s Total Operating Revenue is Rs. 1081.47 Cr. and Equity Capital is Rs. 7.70 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersFlat No. 306 & 307, 1-8-271 to 273, 3rd Floor, Secunderabad Telangana 500003secretarial@tciexpress.in
http://www.tciexpress.in
Management
NamePosition Held
Mr. D P AgarwalChairman
Mr. Chander AgarwalManaging Director
Mr. Vineet AgarwalNon Executive Director
Mr. Phool Chand SharmaNon Executive Director
Mrs. Taruna SinghiIndependent Director
Mr. Prashant JainIndependent Director
Mr. Murali Krishna ChevuturiIndependent Director
Mr. Ashok Kumar LadhaIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1109.64, which is 34.83% higher than the current market price of ₹823.00. The stock has a market capitalization of 3,160 Cr. and recorded a high/low of 1,438/801 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹742 Cr and total liabilities of ₹880 Cr.

What is the Market Cap of ?

The Market Cap of is 3,160 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 823.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,438/801.

What is the Stock P/E of ?

The Stock P/E of is 27.9.

What is the Book Value of ?

The Book Value of is 195.

What is the Dividend Yield of ?

The Dividend Yield of is 0.97 %.

What is the ROCE of ?

The ROCE of is 26.5 %.

What is the ROE of ?

The ROE of is 20.2 %.

What is the Face Value of ?

The Face Value of is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE