Transport Corporation of India Ltd (TCI): Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 10:08 am

Market Cap	7,961 Cr.
Current Price	1,022
High / Low	1,309/686
Stock P/E	19.8
Book Value	256
Dividend Yield	0.93 %
ROCE	19.9 %
ROE	19.0 %
Face Value	2.00
PEG Ratio	0.90

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 of Transport Corporation of India Ltd (TCI)

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Frontline Corporation Ltd	19.8 Cr.	39.6	81.2/33.0	8.76	27.5	0.00 %	2.29 %	8.31 %	10.0
Coastal Roadways Ltd	12.6 Cr.	30.4	55.1/22.1	7.94	50.8	0.00 %	6.03 %	5.70 %	10.0
Balurghat Technologies Ltd	38.6 Cr.	21.2	41.5/18.8	15.1	8.99	0.00 %	15.6 %	17.5 %	10.0
ABC India Ltd	54.5 Cr.	101	165/95.2	26.7	97.9	0.50 %	8.21 %	5.07 %	10.0
Transport Corporation of India Ltd (TCI)	7,961 Cr.	1,022	1,309/686	19.8	256	0.93 %	19.9 %	19.0 %	2.00
Industry Average	2,126.00 Cr	154.89		23.99	111.79	0.16%	10.40%	9.82%	9.11

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

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	838	898	903	933	967	979	950	994	1,002	1,079	1,045	1,121	1,147
Expenses	728	778	799	836	852	871	849	893	902	970	941	1,004	1,029
Operating Profit	109	120	104	97	114	108	101	100	100	109	104	117	118
OPM %	13%	13%	12%	10%	12%	11%	11%	10%	10%	10%	10%	10%	10%
Other Income	13	17	15	20	17	19	26	32	28	34	32	35	29
Interest	3	2	2	3	3	2	2	3	4	4	4	5	6
Depreciation	26	37	29	30	31	31	31	31	33	33	29	29	30
Profit before tax	94	97	88	85	98	94	94	97	91	106	103	118	111
Tax %	12%	11%	11%	14%	11%	12%	11%	10%	12%	3%	11%	9%	8%
Net Profit	83	86	79	73	86	82	83	88	80	103	92	107	102
EPS in Rs	10.60	11.04	10.06	9.33	11.05	10.51	10.60	11.21	10.22	13.13	11.69	13.66	12.95

Last Updated: February 28, 2025, 4:32 pm

Below is a detailed analysis of the quarterly data for Transport Corporation of India Ltd (TCI) based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,147.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,121.00 Cr. (Sep 2024) to ₹1,147.00 Cr., marking an increase of ₹26.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,029.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,004.00 Cr. (Sep 2024) to ₹1,029.00 Cr., marking an increase of ₹25.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹118.00 Cr.. The value appears strong and on an upward trend. It has increased from 117.00 Cr. (Sep 2024) to ₹118.00 Cr., marking an increase of ₹1.00 Cr..
For OPM %, as of Dec 2024, the value is 10.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 10.00%.
For Other Income, as of Dec 2024, the value is ₹29.00 Cr.. The value appears to be declining and may need further review. It has decreased from 35.00 Cr. (Sep 2024) to ₹29.00 Cr., marking a decrease of 6.00 Cr..
For Interest, as of Dec 2024, the value is ₹6.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Sep 2024) to ₹6.00 Cr., marking an increase of ₹1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹30.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 29.00 Cr. (Sep 2024) to ₹30.00 Cr., marking an increase of ₹1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹111.00 Cr.. The value appears to be declining and may need further review. It has decreased from 118.00 Cr. (Sep 2024) to ₹111.00 Cr., marking a decrease of 7.00 Cr..
For Tax %, as of Dec 2024, the value is 8.00%. The value appears to be improving (decreasing) as expected. It has decreased from 9.00% (Sep 2024) to 8.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹102.00 Cr.. The value appears to be declining and may need further review. It has decreased from 107.00 Cr. (Sep 2024) to ₹102.00 Cr., marking a decrease of 5.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 12.95. The value appears to be declining and may need further review. It has decreased from ₹13.66 (Sep 2024) to 12.95, marking a decrease of ₹0.71.

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: March 6, 2025, 2:33 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,131	2,226	2,417	1,727	1,943	2,350	2,754	2,718	2,802	3,259	3,783	4,024	4,392
Expenses	1,955	2,057	2,222	1,639	1,780	2,133	2,504	2,476	2,539	2,847	3,357	3,613	3,943
Operating Profit	175	170	195	88	163	216	250	241	263	412	425	411	449
OPM %	8%	8%	8%	5%	8%	9%	9%	9%	9%	13%	11%	10%	10%
Other Income	7	9	8	92	27	37	44	34	31	44	70	119	130
Interest	35	33	34	25	30	32	37	34	27	13	10	13	19
Depreciation	46	47	55	52	59	69	77	82	93	113	121	128	122
Profit before tax	101	99	114	103	100	152	179	159	174	330	364	388	438
Tax %	31%	28%	29%	15%	19%	19%	19%	10%	14%	11%	12%	9%
Net Profit	70	72	82	88	81	124	145	143	150	293	321	354	404
EPS in Rs	9.55	9.82	10.75	11.46	10.53	16.08	18.84	18.53	19.08	37.45	40.91	45.12	51.43
Dividend Payout %	16%	19%	14%	13%	10%	10%	10%	11%	13%	11%	17%	16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	2.86%	13.89%	7.32%	-7.95%	53.09%	16.94%	-1.38%	4.90%	95.33%	9.56%	10.28%
Change in YoY Net Profit Growth (%)	0.00%	11.03%	-6.57%	-15.27%	61.04%	-36.15%	-18.31%	6.27%	90.44%	-85.78%	0.72%

Transport Corporation of India Ltd (TCI) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	8%
3 Years:	13%
TTM:	12%

Compounded Profit Growth
10 Years:	17%
5 Years:	20%
3 Years:	31%
TTM:	21%

Stock Price CAGR
10 Years:	21%
5 Years:	40%
3 Years:	20%
1 Year:	23%

Return on Equity
10 Years:	17%
5 Years:	19%
3 Years:	20%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:41 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15	15	15	15	15	15	15	15	15	15	16	16	15
Reserves	422	476	605	560	631	746	877	1,009	1,154	1,415	1,686	1,988	1,982
Borrowings	354	336	320	354	421	440	470	422	297	96	92	194	222
Other Liabilities	174	174	197	129	162	196	254	237	272	301	307	304	396
Total Liabilities	965	1,001	1,137	1,058	1,229	1,398	1,616	1,683	1,739	1,827	2,101	2,501	2,614
Fixed Assets	418	432	521	532	542	626	727	772	805	801	791	862	885
CWIP	5	18	7	12	57	56	4	22	5	7	26	109	140
Investments	8	8	7	76	87	104	117	135	150	193	286	543	501
Other Assets	534	543	602	438	544	611	768	755	779	826	998	988	1,088
Total Assets	965	1,001	1,137	1,058	1,229	1,398	1,616	1,683	1,739	1,827	2,101	2,501	2,614

Below is a detailed analysis of the balance sheet data for Transport Corporation of India Ltd (TCI) based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹15.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹16.00 Cr. (Mar 2024) to ₹15.00 Cr., marking a decrease of 1.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,982.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,988.00 Cr. (Mar 2024) to ₹1,982.00 Cr., marking a decrease of 6.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹222.00 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 ₹194.00 Cr. (Mar 2024) to ₹222.00 Cr., marking an increase of 28.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹396.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹304.00 Cr. (Mar 2024) to ₹396.00 Cr., marking an increase of 92.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹2,614.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹2,501.00 Cr. (Mar 2024) to ₹2,614.00 Cr., marking an increase of 113.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹885.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹862.00 Cr. (Mar 2024) to ₹885.00 Cr., marking an increase of 23.00 Cr..
For CWIP, as of Sep 2024, the value is ₹140.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹109.00 Cr. (Mar 2024) to ₹140.00 Cr., marking an increase of 31.00 Cr..
For Investments, as of Sep 2024, the value is ₹501.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹543.00 Cr. (Mar 2024) to ₹501.00 Cr., marking a decrease of 42.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,088.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹988.00 Cr. (Mar 2024) to ₹1,088.00 Cr., marking an increase of 100.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹2,614.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,501.00 Cr. (Mar 2024) to ₹2,614.00 Cr., marking an increase of 113.00 Cr..

Notably, the Reserves (₹1,982.00 Cr.) exceed the Borrowings (222.00 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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	104	158	125	109	99	157	179	243	305	368	361	299
Cash from Investing Activity +	-61	-98	-121	-101	-122	-131	-158	-135	-107	-76	-193	-404
Cash from Financing Activity +	-28	-63	-4	-12	32	-30	-24	-104	-176	-258	-66	18
Net Cash Flow	15	-3	-1	-4	8	-4	-3	3	21	34	102	-87

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-179.00	-166.00	-125.00	-266.00	-258.00	-224.00	-220.00	-181.00	-34.00	316.00	333.00	217.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	68	62	66	69	67	66	68	65	67	57	54	54
Inventory Days
Days Payable
Cash Conversion Cycle	68	62	66	69	67	66	68	65	67	57	54	54
Working Capital Days	48	43	48	53	56	56	55	58	61	55	50	58
ROCE %	18%	16%	17%	10%	13%	16%	17%	14%	15%	23%	22%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	66.54%	66.54%	66.57%	66.57%	69.03%	69.03%	69.00%	68.95%	68.95%	68.92%	68.92%	68.93%
FIIs	2.08%	2.31%	2.66%	3.11%	3.32%	3.30%	2.77%	2.54%	2.58%	2.61%	2.67%	2.92%
DIIs	12.68%	12.62%	12.25%	12.04%	11.81%	11.70%	12.23%	12.75%	12.87%	12.81%	12.18%	12.18%
Public	18.70%	18.53%	18.52%	18.28%	15.82%	15.97%	16.01%	15.76%	15.61%	15.65%	16.22%	15.97%
No. of Shareholders	28,563	38,538	38,398	41,457	50,647	50,420	52,662	49,880	42,383	41,164	43,736	43,822

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund - Regular Plan	4,125,478	1.35	387.26	4,125,478	2025-03-10	0%
HDFC Childrens Gift Fund - Regular Plan	1,080,128	1.2	101.39	4,125,478	2025-03-10	-73.82%
Tata Small Cap Fund	782,332	1.2	73.44	4,125,478	2025-03-10	-81.04%
HDFC Retirement Savings Fund - Equity - Regular Plan	641,621	1.32	60.23	4,125,478	2025-03-10	-84.45%
Sundaram Services Fund	353,653	1.03	33.2	4,125,478	2025-03-10	-91.43%
LIC MF Large & Mid Cap Fund	344,846	1.27	32.37	4,125,478	2025-03-10	-91.64%
Tata Multicap Fund	290,000	0.93	27.22	4,125,478	2025-03-10	-92.97%
Bandhan Infrastructure Fund	238,786	2.32	22.41	4,125,478	2025-03-10	-94.21%
Tata Infrastructure Fund - Regular Plan	132,800	0.73	12.47	4,125,478	2025-03-10	-96.78%
LIC MF Multi Cap Fund	112,631	1.21	10.57	4,125,478	2025-03-10	-97.27%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	45.18	40.96	37.50	19.12	18.54
Diluted EPS (Rs.)	45.06	40.96	37.34	19.07	18.54
Cash EPS (Rs.)	52.36	51.26	48.91	28.94	26.10
Book Value[Excl.RevalReserv]/Share (Rs.)	262.02	223.28	188.51	152.83	134.01
Book Value[Incl.RevalReserv]/Share (Rs.)	262.02	223.28	188.51	152.83	134.01
Revenue From Operations / Share (Rs.)	517.62	487.66	421.16	363.48	353.76
PBDIT / Share (Rs.)	58.70	58.57	55.43	37.18	33.93
PBIT / Share (Rs.)	42.17	42.91	40.82	25.15	23.19
PBT / Share (Rs.)	40.16	41.21	39.16	19.99	17.44
Net Profit / Share (Rs.)	35.83	35.61	34.29	16.90	15.36
NP After MI And SOA / Share (Rs.)	45.12	40.91	37.45	19.08	18.53
PBDIT Margin (%)	11.33	12.00	13.16	10.23	9.59
PBIT Margin (%)	8.14	8.79	9.69	6.91	6.55
PBT Margin (%)	7.75	8.45	9.29	5.49	4.92
Net Profit Margin (%)	6.92	7.30	8.14	4.64	4.34
NP After MI And SOA Margin (%)	8.71	8.38	8.89	5.25	5.23
Return on Networth / Equity (%)	17.50	18.64	20.24	12.57	13.90
Return on Capital Employeed (%)	14.78	18.16	20.48	14.59	14.68
Return On Assets (%)	14.02	15.10	15.85	8.46	8.45
Long Term Debt / Equity (X)	0.05	0.02	0.01	0.09	0.14
Total Debt / Equity (X)	0.07	0.03	0.04	0.20	0.35
Asset Turnover Ratio (%)	1.75	1.93	1.72	1.50	1.58
Current Ratio (X)	4.54	3.86	2.85	1.77	1.50
Quick Ratio (X)	4.51	3.84	2.82	1.75	1.49
Dividend Payout Ratio (NP) (%)	15.49	17.10	14.14	6.27	10.79
Dividend Payout Ratio (CP) (%)	11.34	12.36	10.17	3.85	6.83
Earning Retention Ratio (%)	84.51	82.90	85.86	93.73	89.21
Cash Earning Retention Ratio (%)	88.66	87.64	89.83	96.15	93.17
Interest Coverage Ratio (X)	34.39	46.25	33.42	10.74	7.59
Interest Coverage Ratio (Post Tax) (X)	22.17	29.47	21.67	6.37	4.73
Enterprise Value (Cr.)	6365.13	4777.98	4651.77	2178.70	1793.82
EV / Net Operating Revenue (X)	1.58	1.26	1.43	0.77	0.66
EV / EBITDA (X)	13.95	10.52	10.85	7.60	6.88
MarketCap / Net Operating Revenue (X)	1.56	1.29	1.42	0.70	0.53
Retention Ratios (%)	84.50	82.89	85.85	93.72	89.20
Price / BV (X)	3.13	2.86	3.24	1.69	1.41
Price / Net Operating Revenue (X)	1.56	1.29	1.42	0.70	0.53
EarningsYield	0.05	0.06	0.06	0.07	0.09

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 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 45.18. This value is within the healthy range. It has increased from 40.96 (Mar 23) to 45.18, marking an increase of 4.22.
For Diluted EPS (Rs.), as of Mar 24, the value is 45.06. This value is within the healthy range. It has increased from 40.96 (Mar 23) to 45.06, marking an increase of 4.10.
For Cash EPS (Rs.), as of Mar 24, the value is 52.36. This value is within the healthy range. It has increased from 51.26 (Mar 23) to 52.36, marking an increase of 1.10.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 262.02. It has increased from 223.28 (Mar 23) to 262.02, marking an increase of 38.74.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 262.02. It has increased from 223.28 (Mar 23) to 262.02, marking an increase of 38.74.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 517.62. It has increased from 487.66 (Mar 23) to 517.62, marking an increase of 29.96.
For PBDIT / Share (Rs.), as of Mar 24, the value is 58.70. This value is within the healthy range. It has increased from 58.57 (Mar 23) to 58.70, marking an increase of 0.13.
For PBIT / Share (Rs.), as of Mar 24, the value is 42.17. This value is within the healthy range. It has decreased from 42.91 (Mar 23) to 42.17, marking a decrease of 0.74.
For PBT / Share (Rs.), as of Mar 24, the value is 40.16. This value is within the healthy range. It has decreased from 41.21 (Mar 23) to 40.16, marking a decrease of 1.05.
For Net Profit / Share (Rs.), as of Mar 24, the value is 35.83. This value is within the healthy range. It has increased from 35.61 (Mar 23) to 35.83, marking an increase of 0.22.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 45.12. This value is within the healthy range. It has increased from 40.91 (Mar 23) to 45.12, marking an increase of 4.21.
For PBDIT Margin (%), as of Mar 24, the value is 11.33. This value is within the healthy range. It has decreased from 12.00 (Mar 23) to 11.33, marking a decrease of 0.67.
For PBIT Margin (%), as of Mar 24, the value is 8.14. This value is below the healthy minimum of 10. It has decreased from 8.79 (Mar 23) to 8.14, marking a decrease of 0.65.
For PBT Margin (%), as of Mar 24, the value is 7.75. This value is below the healthy minimum of 10. It has decreased from 8.45 (Mar 23) to 7.75, marking a decrease of 0.70.
For Net Profit Margin (%), as of Mar 24, the value is 6.92. This value is within the healthy range. It has decreased from 7.30 (Mar 23) to 6.92, marking a decrease of 0.38.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 8.71. This value is within the healthy range. It has increased from 8.38 (Mar 23) to 8.71, marking an increase of 0.33.
For Return on Networth / Equity (%), as of Mar 24, the value is 17.50. This value is within the healthy range. It has decreased from 18.64 (Mar 23) to 17.50, marking a decrease of 1.14.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.78. This value is within the healthy range. It has decreased from 18.16 (Mar 23) to 14.78, marking a decrease of 3.38.
For Return On Assets (%), as of Mar 24, the value is 14.02. This value is within the healthy range. It has decreased from 15.10 (Mar 23) to 14.02, marking a decrease of 1.08.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.05. This value is below the healthy minimum of 0.2. It has increased from 0.02 (Mar 23) to 0.05, marking an increase of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.07. This value is within the healthy range. It has increased from 0.03 (Mar 23) to 0.07, marking an increase of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.75. It has decreased from 1.93 (Mar 23) to 1.75, marking a decrease of 0.18.
For Current Ratio (X), as of Mar 24, the value is 4.54. This value exceeds the healthy maximum of 3. It has increased from 3.86 (Mar 23) to 4.54, marking an increase of 0.68.
For Quick Ratio (X), as of Mar 24, the value is 4.51. This value exceeds the healthy maximum of 2. It has increased from 3.84 (Mar 23) to 4.51, marking an increase of 0.67.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 15.49. This value is below the healthy minimum of 20. It has decreased from 17.10 (Mar 23) to 15.49, marking a decrease of 1.61.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 11.34. This value is below the healthy minimum of 20. It has decreased from 12.36 (Mar 23) to 11.34, marking a decrease of 1.02.
For Earning Retention Ratio (%), as of Mar 24, the value is 84.51. This value exceeds the healthy maximum of 70. It has increased from 82.90 (Mar 23) to 84.51, marking an increase of 1.61.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 88.66. This value exceeds the healthy maximum of 70. It has increased from 87.64 (Mar 23) to 88.66, marking an increase of 1.02.
For Interest Coverage Ratio (X), as of Mar 24, the value is 34.39. This value is within the healthy range. It has decreased from 46.25 (Mar 23) to 34.39, marking a decrease of 11.86.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 22.17. This value is within the healthy range. It has decreased from 29.47 (Mar 23) to 22.17, marking a decrease of 7.30.
For Enterprise Value (Cr.), as of Mar 24, the value is 6,365.13. It has increased from 4,777.98 (Mar 23) to 6,365.13, marking an increase of 1,587.15.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.58. This value is within the healthy range. It has increased from 1.26 (Mar 23) to 1.58, marking an increase of 0.32.
For EV / EBITDA (X), as of Mar 24, the value is 13.95. This value is within the healthy range. It has increased from 10.52 (Mar 23) to 13.95, marking an increase of 3.43.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.56. This value is within the healthy range. It has increased from 1.29 (Mar 23) to 1.56, marking an increase of 0.27.
For Retention Ratios (%), as of Mar 24, the value is 84.50. This value exceeds the healthy maximum of 70. It has increased from 82.89 (Mar 23) to 84.50, marking an increase of 1.61.
For Price / BV (X), as of Mar 24, the value is 3.13. This value exceeds the healthy maximum of 3. It has increased from 2.86 (Mar 23) to 3.13, marking an increase of 0.27.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.56. This value is within the healthy range. It has increased from 1.29 (Mar 23) to 1.56, marking an increase of 0.27.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 23) to 0.05, 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 March 12, 2025 is: ₹777.62

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 March 12, 2025, Transport Corporation of India Ltd (TCI) is Overvalued by 23.91% compared to the current share price 1,022.00

Intrinsic Value of Transport Corporation of India Ltd (TCI) as of March 12, 2025 is: 948.19

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 March 12, 2025, Transport Corporation of India Ltd (TCI) is Overvalued by 7.22% compared to the current share price 1,022.00

Last 5 Year EPS CAGR: 21.93%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.75%, which is a positive sign. The company has higher reserves (1,042.38 cr) compared to borrowings (309.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.31 cr) and profit (207.77 cr) over the years.	The stock has a high average Working Capital Days of 53.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 63.58, 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: 6.92%
  - 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: 14.78% (Industry Average ROCE: 10.4%)
  - 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%: 17.5% (Industry Average ROE: 9.82%)
  - 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): 22.17
  - 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: 4.51
  - 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: 19.8 (Industry average Stock P/E: 23.99)
  - 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. 3613.82 Cr. and Equity Capital is Rs. 15.55 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Transport - Road	Flat Nos. 306 & 307, 1-8-201 to 203, 3rd Floor, Secunderabad Telangana 500003	secretarial@tcil.com http://www.tcil.com

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 latest intrinsic value of Transport Corporation of India Ltd (TCI)?

The latest intrinsic value of Transport Corporation of India Ltd (TCI) as on 11 March 2025 is ₹777.62, which is 23.91% lower than the current market price of 1,022.00, indicating the stock is overvalued by 23.91%. The intrinsic value of Transport Corporation of India Ltd (TCI) is calculated using PE ratio method. The stock has a market capitalization of ₹7,961 Cr. and recorded a high/low of ₹1,309/686 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,982 Cr and total liabilities of ₹2,614 Cr.

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

The Market Cap of Transport Corporation of India Ltd (TCI) is 7,961 Cr..

What is the current Stock Price of Transport Corporation of India Ltd (TCI) as on 11 March 2025?

The current stock price of Transport Corporation of India Ltd (TCI) as on 11 March 2025 is ₹1,022.

What is the High / Low of Transport Corporation of India Ltd (TCI) stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Transport Corporation of India Ltd (TCI) stocks is ₹1,309/686.

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 19.8.

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

The Book Value of Transport Corporation of India Ltd (TCI) is 256.

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

The Dividend Yield of Transport Corporation of India Ltd (TCI) is 0.93 %.

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

The ROCE of Transport Corporation of India Ltd (TCI) is 19.9 %.

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

The ROE of Transport Corporation of India Ltd (TCI) is 19.0 %.

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.