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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TCI Express Ltd

About the Company - TCI Express Ltd

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
Mr. Murali Krishna ChevuturiIndependent Director
Mr. Ashok Kumar LadhaIndependent Director
Mrs. Taruna SinghiIndependent Director
Mr. Prashant JainIndependent Director

Basic Stock Data of TCI Express Ltd

Last Updated: June 17, 2024, 8:44 pm

Market Cap 4,552 Cr.
Current Price 1,187
High / Low1,660/998
Stock P/E34.6
Book Value 184
Dividend Yield0.67 %
ROCE26.6 %
ROE20.2 %
Face Value 2.00
PEG Ratio3.76

Competitors of TCI Express Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chartered Logistics Ltd 116 Cr. 11.612.5/4.24173 4.520.00 %5.16 %1.50 % 1.00
Container Corporation Of India Ltd 69,450 Cr. 1,1401,194/62955.1 1940.97 %13.7 %10.9 % 5.00
North Eastern Carrying Corporation Ltd 256 Cr. 26.837.4/18.031.9 20.40.00 %7.38 %5.37 % 10.0
Mahindra Logistics Ltd 3,392 Cr. 471493/347 68.40.53 %2.88 %10.0 % 10.0
Allcargo Logistics Ltd 6,198 Cr. 63.198.0/61.348.0 25.71.28 %3.15 %4.83 % 2.00
Industry Average6,933.21 Cr244.4257.9160.410.34%8.29%17.84%6.79

TCI Express Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales213262280223273287298290310314326305320
Expenses180217225191228240248248258268272258270
Operating Profit33455432454750435146544650
OPM %15%17%19%14%17%16%17%15%17%15%17%15%16%
Other Income1232222221212
Interest0000000000100
Depreciation2232223334455
Profit before tax32455531454749415043514347
Tax %26%25%22%24%24%25%26%25%24%25%24%25%25%
Net Profit23344324343536313832383236
EPS in Rs6.118.7411.086.188.849.139.338.069.818.3110.048.449.28

Last Updated: June 12, 2024, 3:57 am

TCI Express Ltd Quarterly Chart

TCI Express Ltd Profit & Loss

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%

TCI Express Ltd 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%

TCI Express Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:7%
3 Years:6%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:16%
TTM:1%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:8%
1 Year:-30%
Return on Equity
10 Years:%
5 Years:27%
3 Years:26%
Last Year:25%

Last Updated: April 9, 2024, 3:27 pm

TCI Express Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0888888888
Reserves0115153199260330426528589652
Borrowings041324110421711
Other Liabilities035529610290110120132125
Total Liabilities0198244344379432547657735795
Fixed Assets06497162173185228320374377
CWIP09801112866170
Investments000013060883347
Other Assets0126139182203206231243267301
Total Assets0198244344379432547657735795

TCI Express Ltd Reserves and Borrowings Chart

TCI Express Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0-7752747881102128147
Cash from Investing Activity 0-76-39-63-26-60-96-90-65
Cash from Financing Activity 0163-15-8-47-26-8-31-84
Net Cash Flow011-235-4-27-2

TCI Express Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days55645859736462
Inventory Days
Days Payable
Cash Conversion Cycle55645859736462
Working Capital Days37302833373838
ROCE %-0%33%40%44%38%34%36%33%

TCI Express Ltd Financial Efficiency Indicators Chart

TCI Express Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters66.79%66.79%66.70%66.70%66.69%66.69%66.66%66.87%69.66%69.66%69.61%69.61%
FIIs2.27%1.92%1.46%2.12%2.00%1.89%1.84%1.73%2.04%2.30%3.04%2.93%
DIIs10.30%10.45%10.79%9.54%8.12%8.80%10.45%10.43%10.24%10.17%8.84%8.35%
Public20.64%20.83%21.05%21.64%23.19%22.62%21.04%20.98%18.06%17.88%18.50%19.09%
No. of Shareholders27,90332,32637,00543,55742,63442,26741,57743,51742,54844,01052,12053,421

TCI Express Ltd Shareholding Pattern Chart

No. of TCI Express Ltd Shareholders

TCI Express Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Canara Robeco Emerging Equities660,0750.4690.72320,3752024-06-17106.03%
Canara Robeco Flexi Cap Fund456,2120.5562.7320,3752024-06-1742.4%
Sundaram Large and Mid Cap Fund320,3750.7244.03320,3752024-06-170%
Nippon India Multi Cap Fund300,0000.1741.23320,3752024-06-17-6.36%
HDFC Capital Builder Value Fund - Regular Plan288,7650.6139.69320,3752024-06-17-9.87%
UTI Small Cap Fund148,3150.5620.38320,3752024-06-17-53.71%
HDFC Multi Cap Fund132,8000.1718.25320,3752024-06-17-58.55%
Sundaram Multi Cap Fund130,4960.7717.94320,3752024-06-17-59.27%
Tata Infrastructure Fund - Regular Plan111,0850.9815.27320,3752024-06-17-65.33%
Sundaram Flexicap Fund104,0000.6714.29320,3752024-06-17-67.54%

TCI Express Ltd ROCE Trend

TCI Express Ltd EPS Trend

TCI Express Ltd Key Financial Ratios

MonthMar 23
FaceValue2.00
Basic EPS (Rs.)36.24
Diluted EPS (Rs.)36.24
Cash EPS (Rs.)40.36
Book Value[Excl.RevalReserv]/Share (Rs.)155.71
Book Value[Incl.RevalReserv]/Share (Rs.)155.71
Revenue From Operations / Share (Rs.)324.02
PBDIT / Share (Rs.)52.65
PBIT / Share (Rs.)48.65
PBT / Share (Rs.)48.18
Net Profit / Share (Rs.)36.37
NP After MI And SOA / Share (Rs.)36.37
PBDIT Margin (%)16.24
PBIT Margin (%)15.01
PBT Margin (%)14.86
Net Profit Margin (%)11.22
NP After MI And SOA Margin (%)11.22
Return on Networth / Equity (%)23.35
Return on Capital Employeed (%)30.51
Return On Assets (%)18.95
Current Ratio (X)2.41
Quick Ratio (X)2.15
Dividend Payout Ratio (NP) (%)22.08
Dividend Payout Ratio (CP) (%)19.89
Earning Retention Ratio (%)77.92
Cash Earning Retention Ratio (%)80.11
Interest Coverage Ratio (X)111.41
Interest Coverage Ratio (Post Tax) (X)77.95
Enterprise Value (Cr.)5703.77
EV / Net Operating Revenue (X)4.60
EV / EBITDA (X)28.29
MarketCap / Net Operating Revenue (X)4.61
Retention Ratios (%)77.91
Price / BV (X)9.59
Price / Net Operating Revenue (X)4.61
EarningsYield0.02

TCI Express Ltd Profitability Ratios (%)

TCI Express Ltd Liquidity Ratios

TCI Express Ltd Liquidity Ratios (%)

TCI Express Ltd Interest Coverage Ratios (X)

TCI Express Ltd Valuation Ratios

Fair Value

Fair Value: 1,294.63

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.

Undervalued: 9.07% compared to the current price 1187

Intrinsic Value: 1,413.85

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 19.11% compared to the current price ₹1187

Last 5 Year EPS CAGR: 9.21%

*Investments are subject to market risks

Strength and Weakness of TCI Express Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 28.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 26.78, which is a positive sign.
  3. The company has higher reserves (325.20 cr) compared to borrowings (14.90 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 48.33, which may not be favorable.

Should I Buy TCI Express Ltd Share Now?

  • 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 TCI Express Ltd:
    1. Net Profit Margin: 11.22%
      • 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: 30.51% (Industry Average ROCE: %)
      • 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%: 23.35% (Industry Average ROE: %)
      • 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): 77.95
      • 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: 2.15
      • 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: 34.6 (Industry average Stock P/E: )
      • 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: N/A
      • 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:

FAQ

What is the latest fair value of TCI Express Ltd?

The latest fair value of TCI Express Ltd is ₹1294.63.

What is the Market Cap of TCI Express Ltd?

The Market Cap of TCI Express Ltd is 4,552 Cr..

What is the current Stock Price of TCI Express Ltd as on 18 June 2024?

The current stock price of TCI Express Ltd as on 18 June 2024 is ₹1,187.

What is the High / Low of TCI Express Ltd stocks in FY 2024?

In FY 2024, the High / Low of TCI Express Ltd stocks is 1,660/998.

What is the Stock P/E of TCI Express Ltd?

The Stock P/E of TCI Express Ltd is 34.6.

What is the Book Value of TCI Express Ltd?

The Book Value of TCI Express Ltd is 184.

What is the Dividend Yield of TCI Express Ltd?

The Dividend Yield of TCI Express Ltd is 0.67 %.

What is the ROCE of TCI Express Ltd?

The ROCE of TCI Express Ltd is 26.6 %.

What is the ROE of TCI Express Ltd?

The ROE of TCI Express Ltd is 20.2 %.

What is the Face Value of TCI Express Ltd?

The Face Value of TCI Express Ltd 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 TCI Express Ltd. 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