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TCI Express Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹468.92Overvalued by 11.86%vs CMP ₹532.00

P/E (22.7) × ROE (12.0%) × BV (₹212.00) × DY (1.50%)

₹357.15Overvalued by 32.87%vs CMP ₹532.00
MoS: -49% (Negative)Confidence: 64/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹436.4522%Over (-18%)
Graham NumberEarnings₹333.9516%Over (-37.2%)
Earnings PowerEarnings₹272.8613%Over (-48.7%)
DCFCash Flow₹229.7113%Over (-56.8%)
Net Asset ValueAssets₹212.597%Over (-60%)
EV/EBITDAEnterprise₹474.289%Over (-10.8%)
Earnings YieldEarnings₹233.807%Over (-56.1%)
ROCE CapitalReturns₹545.829%Fair (+2.6%)
Revenue MultipleRevenue₹473.245%Over (-11%)
Consensus (9 models)₹357.15100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.9%

*Investments are subject to market risks

Analyst Summary

TCI Express Ltd operates in the Logistics - Warehousing/Supply Chain/Others segment, current market price is ₹532.00, market cap is 2,037 Cr.. At a glance, stock P/E is 22.7, ROE is 12.0 %, ROCE is 15.8 %, book value is 212, dividend yield is 1.50 %. The latest intrinsic value estimate is ₹357.15, around 32.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,208 Cr versus the prior period change of -3.7%, while latest net profit is about ₹91 Cr with a prior-period change of -31.1%. The 52-week range shown on this page is 870/448, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisTCI 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 L62200T…

This summary is generated from the stock page data available for TCI Express Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

63
TCI Express Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 15.8% GoodROE 12.0% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.02% (6mo) Slight increasePromoter holding at 69.5% Stable
Earnings Quality60/100 · Moderate
OPM stable around 13% SteadyWorking capital: 40 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -12% YoY Declining
Industry Rank75/100 · Strong
P/E 22.7 vs industry 133.1 Cheaper than peersROCE 15.8% vs industry 10.1% Above peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 4, 2026, 11:39 pm

Market Cap 2,037 Cr.
Current Price 532
Intrinsic Value₹353.62
High / Low 870/448
Stock P/E22.7
Book Value 212
Dividend Yield1.50 %
ROCE15.8 %
ROE12.0 %
Face Value 2.00
PEG Ratio-3.28

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

View Share Price Target for TCI Express Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TCI Express Ltd 2,037 Cr. 532 870/44822.7 2121.50 %15.8 %12.0 % 2.00
Navkar Corporation Ltd 1,524 Cr. 101 140/74.050.5 1300.00 %3.05 %1.55 % 10.0
Allcargo Logistics Ltd 1,448 Cr. 9.66 16.2/7.10103 5.8111.4 %3.84 %2.49 % 2.00
Gateway Distriparks Ltd 2,962 Cr. 59.3 76.5/48.111.0 42.03.37 %12.4 %12.2 % 10.0
JITF Infra Logistics Ltd 769 Cr. 299 480/222 2100.00 %12.1 %% 2.00
Industry Average5,875.44 Cr156.67133.0666.130.95%10.12%22.78%6.93

All Competitor Stocks of TCI Express Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 314326305320312317293311296307287309314
Expenses 268272258270266272259273266279257273280
Operating Profit 46544650464534383028303534
OPM % 15%17%15%16%15%14%11%12%10%9%10%11%11%
Other Income 1212222236333
Interest 0100000000000
Depreciation 4455555556556
Profit before tax 43514347424230352727283330
Tax % 25%24%25%25%24%24%24%25%25%24%24%24%25%
Net Profit 32383236323223262121212523
EPS in Rs 8.3110.048.449.288.408.246.036.865.395.395.486.555.96

Last Updated: February 6, 2026, 11:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:15 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 007508851,0241,0328441,0811,2411,2541,2081,217
Expenses 006887949049107109071,0471,0671,0781,090
Operating Profit 0-06291119122134175194187130127
OPM % 8%10%12%12%16%16%16%15%11%10%
Other Income 00123488771316
Interest 002441112111
Depreciation 00457891015192223
Profit before tax 0-05784112117132172185174120119
Tax % 0%34%30%35%24%24%25%25%24%24%
Net Profit 0-0375873891011291391329190
EPS in Rs 9.7915.2519.0123.2226.1733.4736.3534.3523.6523.38
Dividend Payout % 0%16%16%16%17%15%24%22%23%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)56.76%25.86%21.92%13.48%27.72%7.75%-5.04%-31.06%
Change in YoY Net Profit Growth (%)0.00%-30.89%-3.94%-8.43%14.24%-19.97%-12.79%-26.02%

TCI Express Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:4%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:0%
3 Years:-12%
TTM:-28%
Stock Price CAGR
10 Years:%
5 Years:-2%
3 Years:-26%
1 Year:-36%
Return on Equity
10 Years:23%
5 Years:21%
3 Years:18%
Last Year:12%

Last Updated: September 4, 2025, 9:40 pm

Balance Sheet

Last Updated: December 4, 2025, 12:52 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.0588888888888
Reserves 0115153199260330426528589696762806
Borrowings 041324110421710108
Other Liabilities 035529610290110120132136144146
Total Liabilities 0198244344379432547657735850923968
Fixed Assets 06497162173185228320374452455457
CWIP 098011128661162026
Investments 000013060883394162152
Other Assets 0126139182203206231243267288287334
Total Assets 0198244344379432547657735850923968

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0-7752747881102128147136118
Cash from Investing Activity + 0-76-39-63-26-60-96-90-65-108-88
Cash from Financing Activity + 0163-15-8-47-26-8-31-84-28-32
Net Cash Flow 011-235-4-27-2-0-3
Free Cash Flow 0-150141158624748228495
CFO/OP 767,500%117%107%97%92%97%97%98%94%111%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-41.0030.0050.00109.00118.00132.00174.00187.00177.00120.00

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 2024Mar 2025
Debtor Days 556458597364626768
Inventory Days
Days Payable
Cash Conversion Cycle 556458597364626768
Working Capital Days 221426333638374240
ROCE %-0%33%40%44%38%34%36%33%27%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.66%69.66%69.61%69.61%69.61%69.61%69.53%69.53%69.53%69.53%69.46%69.46%
FIIs 2.04%2.30%3.04%2.93%2.42%1.60%1.74%0.93%0.80%0.80%0.85%0.82%
DIIs 10.24%10.17%8.84%8.35%8.92%10.20%10.10%9.69%9.60%9.75%9.38%9.39%
Public 18.06%17.88%18.50%19.09%19.07%18.60%18.63%19.84%20.07%19.90%20.29%20.33%
No. of Shareholders 42,54844,01052,12053,42149,66149,31549,70753,37952,54351,18750,62349,726

Shareholding Pattern Chart

No. of Shareholders

TCI Express Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 1,140,052 0.17 61.92N/AN/AN/A
Nippon India Multi Cap Fund 984,464 0.11 53.47300,0002025-12-08 00:53:40228.15%
Canara Robeco Large and Mid Cap Fund 584,273 0.13 31.73N/AN/AN/A
HDFC Manufacturing Fund 390,000 0.2 21.18N/AN/AN/A
Tata Infrastructure Fund 310,658 0.87 16.87N/AN/AN/A
UTI Transportation and Logistic Fund 162,433 0.23 8.82N/AN/AN/A
HDFC Large and Mid Cap Fund 23,414 0 1.27N/AN/AN/A
Groww Value Fund 12,595 1.04 0.684,6822026-01-26 03:15:53169.01%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 2.002.002.00
Basic EPS (Rs.) 22.3634.3536.24
Diluted EPS (Rs.) 22.3134.2736.24
Cash EPS (Rs.) 27.9839.2740.36
Book Value[Excl.RevalReserv]/Share (Rs.) 199.07183.56155.71
Book Value[Incl.RevalReserv]/Share (Rs.) 199.07183.56155.71
Revenue From Operations / Share (Rs.) 314.65326.94324.02
PBDIT / Share (Rs.) 35.9750.6852.65
PBIT / Share (Rs.) 30.3445.7448.65
PBT / Share (Rs.) 29.9945.3648.18
Net Profit / Share (Rs.) 22.3534.3336.37
NP After MI And SOA / Share (Rs.) 22.3534.3336.37
PBDIT Margin (%) 11.4315.5016.24
PBIT Margin (%) 9.6413.9915.01
PBT Margin (%) 9.5313.8714.86
Net Profit Margin (%) 7.1010.5011.22
NP After MI And SOA Margin (%) 7.1010.5011.22
Return on Networth / Equity (%) 11.2218.7023.35
Return on Capital Employeed (%) 14.8624.3130.51
Return On Assets (%) 9.3415.4818.95
Asset Turnover Ratio (%) 1.371.580.00
Current Ratio (X) 3.202.962.41
Quick Ratio (X) 3.202.962.15
Inventory Turnover Ratio (X) 0.0078.100.00
Dividend Payout Ratio (NP) (%) 35.7723.2922.08
Dividend Payout Ratio (CP) (%) 28.5720.3619.89
Earning Retention Ratio (%) 64.2376.7177.92
Cash Earning Retention Ratio (%) 71.4379.6480.11
Interest Coverage Ratio (X) 105.43132.22111.41
Interest Coverage Ratio (Post Tax) (X) 66.5090.5777.95
Enterprise Value (Cr.) 2336.483907.125703.77
EV / Net Operating Revenue (X) 1.933.124.60
EV / EBITDA (X) 16.9220.1028.29
MarketCap / Net Operating Revenue (X) 1.953.134.61
Retention Ratios (%) 64.2276.7077.91
Price / BV (X) 3.085.579.59
Price / Net Operating Revenue (X) 1.953.134.61
EarningsYield 0.030.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 1208.27 Cr. and Equity Capital is Rs. 7.68 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersFlat No. 306 & 307, 1-8-271 to 273, 3rd Floor, Secunderabad Telangana 500003Contact not found
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 intrinsic value of TCI Express Ltd and is it undervalued?

As of 05 May 2026, TCI Express Ltd's intrinsic value is ₹357.15, which is 32.87% lower than the current market price of ₹532.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.0 %), book value (₹212), dividend yield (1.50 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of TCI Express Ltd?

TCI Express Ltd is trading at ₹532.00 as of 05 May 2026, with a FY2026-2027 high of ₹870 and low of ₹448. The stock is currently near its 52-week low. Market cap stands at ₹2,037 Cr..

How does TCI Express Ltd's P/E ratio compare to its industry?

TCI Express Ltd has a P/E ratio of 22.7, which is below the industry average of 133.06. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is TCI Express Ltd financially healthy?

Key indicators for TCI Express Ltd: ROCE of 15.8 % indicates efficient capital utilization. Dividend yield is 1.50 %.

Is TCI Express Ltd profitable and how is the profit trend?

TCI Express Ltd reported a net profit of ₹91 Cr in Mar 2025 on revenue of ₹1,208 Cr. Compared to ₹129 Cr in Mar 2022, the net profit shows a declining trend.

Does TCI Express Ltd pay dividends?

TCI Express Ltd has a dividend yield of 1.50 % at the current price of ₹532.00. The company pays dividends, though the yield is modest.

Last Updated: May 4, 2026, 11:39 pm
Author: Getaka|Social: XLinkedIn
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
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