Transport Corporation of India Ltd (TCI): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 17, 2026, 6:59 pm

Market Cap	8,064 Cr.
Current Price	1,050
Intrinsic Value	₹974.65
High / Low	1,299/875
Stock P/E	18.0
Book Value	312
Dividend Yield	0.86 %
ROCE	20.5 %
ROE	19.8 %
Face Value	2.00
PEG Ratio	2.09

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Transport Corporation of India Ltd (TCI)

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Frontline Corporation Ltd	14.4 Cr.	28.9	61.5/26.1	5.88	33.0	0.00 %	4.73 %	14.6 %	10.0
Coastal Roadways Ltd	14.5 Cr.	35.0	42.9/29.0	9.25	58.6	0.00 %	9.25 %	6.35 %	10.0
Balurghat Technologies Ltd	24.9 Cr.	13.7	25.4/12.6		9.03	0.00 %	13.0 %	12.7 %	10.0
ABC India Ltd	36.0 Cr.	66.5	115/62.2		100	0.75 %	6.82 %	4.15 %	10.0
Transport Corporation of India Ltd (TCI)	8,064 Cr.	1,050	1,299/875	18.0	312	0.86 %	20.5 %	19.8 %	2.00
Industry Average	2,910.67 Cr	143.60		19.04	119.06	0.18%	12.03%	10.77%	8.56

All Competitor Stocks of Transport Corporation of India Ltd (TCI)

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	933	967	979	950	994	1,002	1,079	1,045	1,121	1,147	1,179	1,139	1,205
Expenses	836	852	871	849	893	902	970	941	1,004	1,029	1,057	1,018	1,078
Operating Profit	97	114	108	101	100	100	109	104	117	118	122	121	127
OPM %	10%	12%	11%	11%	10%	10%	10%	10%	10%	10%	10%	11%	11%
Other Income	20	17	19	26	32	28	34	32	35	29	40	31	36
Interest	3	3	2	2	3	4	4	4	5	6	6	5	6
Depreciation	30	31	31	31	31	33	33	29	29	30	29	29	30
Profit before tax	85	98	94	94	97	91	106	103	118	111	127	118	126
Tax %	14%	11%	12%	11%	10%	12%	3%	11%	9%	8%	10%	9%	10%
Net Profit	73	86	82	83	88	80	103	92	107	102	115	107	114
EPS in Rs	9.33	11.05	10.51	10.60	11.21	10.22	13.13	11.69	13.90	13.17	14.91	13.89	14.68

Last Updated: December 28, 2025, 7:03 pm

Below is a detailed analysis of the quarterly data for Transport Corporation of India Ltd (TCI) based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Sales, as of Sep 2025, the value is 1,205.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,139.00 Cr. (Jun 2025) to 1,205.00 Cr., marking an increase of 66.00 Cr..
For Expenses, as of Sep 2025, the value is 1,078.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,018.00 Cr. (Jun 2025) to 1,078.00 Cr., marking an increase of 60.00 Cr..
For Operating Profit, as of Sep 2025, the value is 127.00 Cr.. The value appears strong and on an upward trend. It has increased from 121.00 Cr. (Jun 2025) to 127.00 Cr., marking an increase of 6.00 Cr..
For OPM %, as of Sep 2025, the value is 11.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 11.00%.
For Other Income, as of Sep 2025, the value is 36.00 Cr.. The value appears strong and on an upward trend. It has increased from 31.00 Cr. (Jun 2025) to 36.00 Cr., marking an increase of 5.00 Cr..
For Interest, as of Sep 2025, the value is 6.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Jun 2025) to 6.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Sep 2025, the value is 30.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 29.00 Cr. (Jun 2025) to 30.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Sep 2025, the value is 126.00 Cr.. The value appears strong and on an upward trend. It has increased from 118.00 Cr. (Jun 2025) to 126.00 Cr., marking an increase of 8.00 Cr..
For Tax %, as of Sep 2025, the value is 10.00%. The value appears to be increasing, which may not be favorable. It has increased from 9.00% (Jun 2025) to 10.00%, marking an increase of 1.00%.
For Net Profit, as of Sep 2025, the value is 114.00 Cr.. The value appears strong and on an upward trend. It has increased from 107.00 Cr. (Jun 2025) to 114.00 Cr., marking an increase of 7.00 Cr..
For EPS in Rs, as of Sep 2025, the value is 14.68. The value appears strong and on an upward trend. It has increased from 13.89 (Jun 2025) to 14.68, marking an increase of 0.79.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:29 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,226	2,417	1,727	1,943	2,350	2,754	2,718	2,802	3,259	3,783	4,024	4,492	4,670
Expenses	2,057	2,222	1,639	1,780	2,133	2,504	2,476	2,539	2,847	3,357	3,613	4,029	4,182
Operating Profit	170	195	88	163	216	250	241	263	412	425	411	463	488
OPM %	8%	8%	5%	8%	9%	9%	9%	9%	13%	11%	10%	10%	10%
Other Income	9	8	92	27	37	44	34	31	44	70	119	135	136
Interest	33	34	25	30	32	37	34	27	13	10	13	20	23
Depreciation	47	55	52	59	69	77	82	93	113	121	128	118	119
Profit before tax	99	114	103	100	152	179	159	174	330	364	388	459	482
Tax %	28%	29%	15%	19%	19%	19%	10%	14%	11%	12%	9%	9%
Net Profit	72	82	88	81	124	145	143	150	293	321	354	416	438
EPS in Rs	9.82	10.75	11.46	10.53	16.08	18.84	18.53	19.08	37.45	40.91	45.12	53.83	56.65
Dividend Payout %	19%	14%	13%	10%	10%	10%	11%	13%	11%	17%	16%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	13.89%	7.32%	-7.95%	53.09%	16.94%	-1.38%	4.90%	95.33%	9.56%	10.28%	17.51%
Change in YoY Net Profit Growth (%)	0.00%	-6.57%	-15.27%	61.04%	-36.15%	-18.31%	6.27%	90.44%	-85.78%	0.72%	7.23%

Transport Corporation of India Ltd (TCI) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	11%
3 Years:	11%
TTM:	11%

Compounded Profit Growth
10 Years:	18%
5 Years:	22%
3 Years:	12%
TTM:	18%

Stock Price CAGR
10 Years:	24%
5 Years:	40%
3 Years:	20%
1 Year:	7%

Return on Equity
10 Years:	18%
5 Years:	19%
3 Years:	20%
Last Year:	20%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:08 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	15	15	15	15	15	15	15	15	15	16	16	15	15
Reserves	476	605	560	631	746	877	1,009	1,154	1,415	1,686	1,988	2,139	2,375
Borrowings	336	320	354	421	440	470	422	297	96	92	194	242	253
Other Liabilities	174	197	129	162	196	254	237	272	301	307	304	383	434
Total Liabilities	1,001	1,137	1,058	1,229	1,398	1,616	1,683	1,739	1,827	2,101	2,501	2,780	3,078
Fixed Assets	432	521	532	542	626	727	772	805	801	791	862	964	1,100
CWIP	18	7	12	57	56	4	22	5	7	26	109	255	268
Investments	8	7	76	87	104	117	135	150	193	286	543	411	492
Other Assets	543	602	438	544	611	768	755	779	826	998	988	1,150	1,218
Total Assets	1,001	1,137	1,058	1,229	1,398	1,616	1,683	1,739	1,827	2,101	2,501	2,780	3,078

Below is a detailed analysis of the balance sheet data for Transport Corporation of India Ltd (TCI) based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 15.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 15.00 Cr..
For Reserves, as of Sep 2025, the value is 2,375.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,139.00 Cr. (Mar 2025) to 2,375.00 Cr., marking an increase of 236.00 Cr..
For Borrowings, as of Sep 2025, the value is 253.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 242.00 Cr. (Mar 2025) to 253.00 Cr., marking an increase of 11.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 434.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 383.00 Cr. (Mar 2025) to 434.00 Cr., marking an increase of 51.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 3,078.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,780.00 Cr. (Mar 2025) to 3,078.00 Cr., marking an increase of 298.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 1,100.00 Cr.. The value appears strong and on an upward trend. It has increased from 964.00 Cr. (Mar 2025) to 1,100.00 Cr., marking an increase of 136.00 Cr..
For CWIP, as of Sep 2025, the value is 268.00 Cr.. The value appears strong and on an upward trend. It has increased from 255.00 Cr. (Mar 2025) to 268.00 Cr., marking an increase of 13.00 Cr..
For Investments, as of Sep 2025, the value is 492.00 Cr.. The value appears strong and on an upward trend. It has increased from 411.00 Cr. (Mar 2025) to 492.00 Cr., marking an increase of 81.00 Cr..
For Other Assets, as of Sep 2025, the value is 1,218.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,150.00 Cr. (Mar 2025) to 1,218.00 Cr., marking an increase of 68.00 Cr..
For Total Assets, as of Sep 2025, the value is 3,078.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,780.00 Cr. (Mar 2025) to 3,078.00 Cr., marking an increase of 298.00 Cr..

Notably, the Reserves (2,375.00 Cr.) exceed the Borrowings (253.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	158	125	109	99	157	179	243	305	368	361	299	359
Cash from Investing Activity +	-98	-121	-101	-122	-131	-158	-135	-107	-76	-193	-404	-99
Cash from Financing Activity +	-63	-4	-12	32	-30	-24	-104	-176	-258	-66	18	-292
Net Cash Flow	-3	-1	-4	8	-4	-3	3	21	34	102	-87	-32

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-166.00	-125.00	-266.00	-258.00	-224.00	-220.00	-181.00	-34.00	316.00	333.00	217.00	221.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	62	66	69	67	66	68	65	67	57	54	54	59
Inventory Days
Days Payable
Cash Conversion Cycle	62	66	69	67	66	68	65	67	57	54	54	59
Working Capital Days	3	17	7	12	18	25	28	38	49	48	53	52
ROCE %	16%	17%	10%	13%	16%	17%	14%	15%	23%	22%	20%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	69.03%	69.00%	68.95%	68.95%	68.92%	68.92%	68.93%	68.78%	68.73%	68.81%	68.73%	68.73%
FIIs	3.30%	2.77%	2.54%	2.58%	2.61%	2.67%	2.92%	3.01%	3.35%	3.17%	3.18%	3.19%
DIIs	11.70%	12.23%	12.75%	12.87%	12.81%	12.18%	12.18%	12.36%	12.33%	12.39%	12.37%	12.65%
Public	15.97%	16.01%	15.76%	15.61%	15.65%	16.22%	15.97%	15.84%	15.59%	15.61%	15.71%	15.43%
No. of Shareholders	50,420	52,662	49,880	42,383	41,164	43,736	43,822	49,571	51,797	51,693	50,827	49,643

Shareholding Pattern Chart

No. of Shareholders

Transport Corporation of India Ltd (TCI): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund	4,753,767	1.36	512.46	4,747,899	2026-01-26 04:00:56	0.12%
HDFC Childrens Fund	1,067,068	1.08	115.03	N/A	N/A	N/A
Tata Small Cap Fund	782,332	0.74	84.34	782,332	2025-04-22 17:25:17	0%
HDFC Retirement Savings Fund - Equity	679,460	1.03	73.25	N/A	N/A	N/A
Tata Multicap Fund	335,000	1.12	36.11	290,000	2025-10-30 01:32:59	15.52%
LIC MF Large & Mid Cap Fund	287,215	0.99	30.96	344,846	2025-10-30 03:58:44	-16.71%
LIC MF Infrastructure Fund	145,343	1.56	15.67	146,926	2026-01-25 10:44:02	-1.08%
Bandhan Infrastructure Fund	142,824	1.01	15.4	238,786	2025-10-30 03:58:44	-40.19%
HDFC Multi-Asset Allocation Fund	140,000	0.28	15.09	N/A	N/A	N/A
HDFC Retirement Savings Fund - Hybrid Equity	110,000	0.68	11.86	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	53.43	45.18	40.96	37.50	19.12
Diluted EPS (Rs.)	53.32	45.06	40.96	37.34	19.07
Cash EPS (Rs.)	57.99	52.36	51.26	48.91	28.94
Book Value[Excl.RevalReserv]/Share (Rs.)	281.26	262.02	223.28	188.51	152.83
Book Value[Incl.RevalReserv]/Share (Rs.)	281.26	262.02	223.28	188.51	152.83
Revenue From Operations / Share (Rs.)	586.32	517.62	487.66	421.16	363.48
PBDIT / Share (Rs.)	66.28	58.70	58.57	55.43	37.18
PBIT / Share (Rs.)	50.90	42.17	42.91	40.82	25.15
PBT / Share (Rs.)	48.27	40.16	41.21	39.16	19.99
Net Profit / Share (Rs.)	42.61	35.83	35.61	34.29	16.90
NP After MI And SOA / Share (Rs.)	53.83	45.12	40.91	37.45	19.08
PBDIT Margin (%)	11.30	11.33	12.00	13.16	10.23
PBIT Margin (%)	8.68	8.14	8.79	9.69	6.91
PBT Margin (%)	8.23	7.75	8.45	9.29	5.49
Net Profit Margin (%)	7.26	6.92	7.30	8.14	4.64
NP After MI And SOA Margin (%)	9.18	8.71	8.38	8.89	5.25
Return on Networth / Equity (%)	19.13	17.50	18.64	20.24	12.57
Return on Capital Employeed (%)	16.14	14.78	18.16	20.48	14.59
Return On Assets (%)	14.83	14.02	15.10	15.85	8.46
Long Term Debt / Equity (X)	0.04	0.05	0.02	0.01	0.09
Total Debt / Equity (X)	0.07	0.07	0.03	0.04	0.20
Asset Turnover Ratio (%)	1.70	1.75	1.93	1.72	1.50
Current Ratio (X)	3.45	4.54	3.86	2.85	1.77
Quick Ratio (X)	3.43	4.51	3.84	2.82	1.75
Inventory Turnover Ratio (X)	525.42	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	18.63	15.49	17.10	14.14	6.27
Dividend Payout Ratio (CP) (%)	14.49	11.34	12.36	10.17	3.85
Earning Retention Ratio (%)	81.37	84.51	82.90	85.86	93.73
Cash Earning Retention Ratio (%)	85.51	88.66	87.64	89.83	96.15
Interest Coverage Ratio (X)	25.19	34.39	46.25	33.42	10.74
Interest Coverage Ratio (Post Tax) (X)	17.20	22.17	29.47	21.67	6.37
Enterprise Value (Cr.)	8468.64	6365.13	4777.98	4651.77	2178.70
EV / Net Operating Revenue (X)	1.89	1.58	1.26	1.43	0.77
EV / EBITDA (X)	16.68	13.95	10.52	10.85	7.60
MarketCap / Net Operating Revenue (X)	1.86	1.56	1.29	1.42	0.70
Retention Ratios (%)	81.36	84.50	82.89	85.85	93.72
Price / BV (X)	3.88	3.13	2.86	3.24	1.69
Price / Net Operating Revenue (X)	1.86	1.56	1.29	1.42	0.70
EarningsYield	0.04	0.05	0.06	0.06	0.07

After reviewing the key financial ratios for Transport Corporation of India Ltd (TCI), here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 25, the value is 53.43. This value is within the healthy range. It has increased from 45.18 (Mar 24) to 53.43, marking an increase of 8.25.
For Diluted EPS (Rs.), as of Mar 25, the value is 53.32. This value is within the healthy range. It has increased from 45.06 (Mar 24) to 53.32, marking an increase of 8.26.
For Cash EPS (Rs.), as of Mar 25, the value is 57.99. This value is within the healthy range. It has increased from 52.36 (Mar 24) to 57.99, marking an increase of 5.63.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 281.26. It has increased from 262.02 (Mar 24) to 281.26, marking an increase of 19.24.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 281.26. It has increased from 262.02 (Mar 24) to 281.26, marking an increase of 19.24.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 586.32. It has increased from 517.62 (Mar 24) to 586.32, marking an increase of 68.70.
For PBDIT / Share (Rs.), as of Mar 25, the value is 66.28. This value is within the healthy range. It has increased from 58.70 (Mar 24) to 66.28, marking an increase of 7.58.
For PBIT / Share (Rs.), as of Mar 25, the value is 50.90. This value is within the healthy range. It has increased from 42.17 (Mar 24) to 50.90, marking an increase of 8.73.
For PBT / Share (Rs.), as of Mar 25, the value is 48.27. This value is within the healthy range. It has increased from 40.16 (Mar 24) to 48.27, marking an increase of 8.11.
For Net Profit / Share (Rs.), as of Mar 25, the value is 42.61. This value is within the healthy range. It has increased from 35.83 (Mar 24) to 42.61, marking an increase of 6.78.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 53.83. This value is within the healthy range. It has increased from 45.12 (Mar 24) to 53.83, marking an increase of 8.71.
For PBDIT Margin (%), as of Mar 25, the value is 11.30. This value is within the healthy range. It has decreased from 11.33 (Mar 24) to 11.30, marking a decrease of 0.03.
For PBIT Margin (%), as of Mar 25, the value is 8.68. This value is below the healthy minimum of 10. It has increased from 8.14 (Mar 24) to 8.68, marking an increase of 0.54.
For PBT Margin (%), as of Mar 25, the value is 8.23. This value is below the healthy minimum of 10. It has increased from 7.75 (Mar 24) to 8.23, marking an increase of 0.48.
For Net Profit Margin (%), as of Mar 25, the value is 7.26. This value is within the healthy range. It has increased from 6.92 (Mar 24) to 7.26, marking an increase of 0.34.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 9.18. This value is within the healthy range. It has increased from 8.71 (Mar 24) to 9.18, marking an increase of 0.47.
For Return on Networth / Equity (%), as of Mar 25, the value is 19.13. This value is within the healthy range. It has increased from 17.50 (Mar 24) to 19.13, marking an increase of 1.63.
For Return on Capital Employeed (%), as of Mar 25, the value is 16.14. This value is within the healthy range. It has increased from 14.78 (Mar 24) to 16.14, marking an increase of 1.36.
For Return On Assets (%), as of Mar 25, the value is 14.83. This value is within the healthy range. It has increased from 14.02 (Mar 24) to 14.83, marking an increase of 0.81.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.04. This value is below the healthy minimum of 0.2. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 25, the value is 0.07. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.07.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.70. It has decreased from 1.75 (Mar 24) to 1.70, marking a decrease of 0.05.
For Current Ratio (X), as of Mar 25, the value is 3.45. This value exceeds the healthy maximum of 3. It has decreased from 4.54 (Mar 24) to 3.45, marking a decrease of 1.09.
For Quick Ratio (X), as of Mar 25, the value is 3.43. This value exceeds the healthy maximum of 2. It has decreased from 4.51 (Mar 24) to 3.43, marking a decrease of 1.08.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 525.42. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 525.42, marking an increase of 525.42.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 18.63. This value is below the healthy minimum of 20. It has increased from 15.49 (Mar 24) to 18.63, marking an increase of 3.14.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 14.49. This value is below the healthy minimum of 20. It has increased from 11.34 (Mar 24) to 14.49, marking an increase of 3.15.
For Earning Retention Ratio (%), as of Mar 25, the value is 81.37. This value exceeds the healthy maximum of 70. It has decreased from 84.51 (Mar 24) to 81.37, marking a decrease of 3.14.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 85.51. This value exceeds the healthy maximum of 70. It has decreased from 88.66 (Mar 24) to 85.51, marking a decrease of 3.15.
For Interest Coverage Ratio (X), as of Mar 25, the value is 25.19. This value is within the healthy range. It has decreased from 34.39 (Mar 24) to 25.19, marking a decrease of 9.20.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 17.20. This value is within the healthy range. It has decreased from 22.17 (Mar 24) to 17.20, marking a decrease of 4.97.
For Enterprise Value (Cr.), as of Mar 25, the value is 8,468.64. It has increased from 6,365.13 (Mar 24) to 8,468.64, marking an increase of 2,103.51.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.89. This value is within the healthy range. It has increased from 1.58 (Mar 24) to 1.89, marking an increase of 0.31.
For EV / EBITDA (X), as of Mar 25, the value is 16.68. This value exceeds the healthy maximum of 15. It has increased from 13.95 (Mar 24) to 16.68, marking an increase of 2.73.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.86. This value is within the healthy range. It has increased from 1.56 (Mar 24) to 1.86, marking an increase of 0.30.
For Retention Ratios (%), as of Mar 25, the value is 81.36. This value exceeds the healthy maximum of 70. It has decreased from 84.50 (Mar 24) to 81.36, marking a decrease of 3.14.
For Price / BV (X), as of Mar 25, the value is 3.88. This value exceeds the healthy maximum of 3. It has increased from 3.13 (Mar 24) to 3.88, marking an increase of 0.75.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.86. This value is within the healthy range. It has increased from 1.56 (Mar 24) to 1.86, marking an increase of 0.30.
For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Transport Corporation of India Ltd (TCI) as of February 18, 2026 is: ₹897.22

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 February 18, 2026, Transport Corporation of India Ltd (TCI) is Overvalued by 14.55% compared to the current share price ₹1,050.00

Intrinsic Value of Transport Corporation of India Ltd (TCI) as of February 18, 2026 is: ₹974.65

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 February 18, 2026, Transport Corporation of India Ltd (TCI) is Overvalued by 7.18% compared to the current share price ₹1,050.00

Last 5 Year EPS CAGR: 8.63%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 17.00%, which is a positive sign. The stock has a low average Working Capital Days of 29.17, which is a positive sign. The company has higher reserves (1,204.69 cr) compared to borrowings (302.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.46 cr) and profit (238.69 cr) over the years.	The stock has a high average Cash Conversion Cycle of 62.83, which may not be favorable.

Stock Analysis

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 Transport Corporation of India Ltd (TCI):
1. Net Profit Margin: 7.26%
  - 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: 16.14% (Industry Average ROCE: 12.03%)
  - 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%: 19.13% (Industry Average ROE: 10.77%)
  - 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): 17.2
  - 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: 3.43
  - 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: 18 (Industry average Stock P/E: 19.04)
  - 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: 0.07
  - 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

Transport Corporation of India Ltd. is a Public Limited Listed company incorporated on 02/01/1995 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L70109TG1995PLC019116 and registration number is 019116. Currently Company is involved in the business activities of Freight transport by road. Company's Total Operating Revenue is Rs. 3935.90 Cr. and Equity Capital is Rs. 15.32 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Transport - Road	Flat Nos. 306 & 307, 1-8-201 to 203, 3rd Floor, Secunderabad Telangana 500003	Contact not found

Management
Name	Position Held
Mr. D P Agarwal	Chairman & Managing Director
Mr. Vineet Agarwal	Managing Director
Mr. S N Agarwal	Non Executive Director
Ms. Urmila Agarwal	Non Executive Director
Mr. Chander Agarwal	Non Executive Director
Mr. Avinash Gupta	Independent Director
Ms. Gita Nayyar	Independent Director
Mr. Vikrampati Singhania	Independent Director
Mr. Ravi Uppal	Independent Director
Mr. Vijay Sankar	Independent Director

FAQ

What is the intrinsic value of Transport Corporation of India Ltd (TCI)?

Transport Corporation of India Ltd (TCI)'s intrinsic value (as of 18 February 2026) is ₹974.65 which is 7.18% lower the current market price of ₹1,050.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹8,064 Cr. market cap, FY2025-2026 high/low of ₹1,299/875, reserves of ₹2,375 Cr, and liabilities of ₹3,078 Cr.

What is the Market Cap of Transport Corporation of India Ltd (TCI)?

The Market Cap of Transport Corporation of India Ltd (TCI) is 8,064 Cr..

What is the current Stock Price of Transport Corporation of India Ltd (TCI) as on 18 February 2026?

The current stock price of Transport Corporation of India Ltd (TCI) as on 18 February 2026 is ₹1,050.

What is the High / Low of Transport Corporation of India Ltd (TCI) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Transport Corporation of India Ltd (TCI) stocks is ₹1,299/875.

What is the Stock P/E of Transport Corporation of India Ltd (TCI)?

The Stock P/E of Transport Corporation of India Ltd (TCI) is 18.0.

What is the Book Value of Transport Corporation of India Ltd (TCI)?

The Book Value of Transport Corporation of India Ltd (TCI) is 312.

What is the Dividend Yield of Transport Corporation of India Ltd (TCI)?

The Dividend Yield of Transport Corporation of India Ltd (TCI) is 0.86 %.

What is the ROCE of Transport Corporation of India Ltd (TCI)?

The ROCE of Transport Corporation of India Ltd (TCI) is 20.5 %.

What is the ROE of Transport Corporation of India Ltd (TCI)?

The ROE of Transport Corporation of India Ltd (TCI) is 19.8 %.

What is the Face Value of Transport Corporation of India Ltd (TCI)?

The Face Value of Transport Corporation of India Ltd (TCI) is 2.00.