Transport Corporation of India Limited (TCI) AI Stock Analysis

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Transport Corporation of India Limited

(NSE:TCI)

Select Model

Rating:66.7Neutral

Price Target:INR 874.00▲(0.13% Upside)

Action:reiterated

Date:08/27/26

The score is primarily supported by solid fundamentals—steady growth, healthy profitability, and a conservative balance sheet—tempered by inconsistent free cash flow conversion. Technicals are a notable headwind as the stock trades below major moving averages with negative MACD, though short-term indicators show it may be near oversold. Valuation is reasonable with a moderate P/E and modest dividend yield.

Positive Factors

Diversified logistics platformTCI’s broad logistics platform serves multiple transport modes and specialized niches, reducing reliance on any single service line. This range supports cross-selling, helps address varied customer needs, and can strengthen network relevance as supply chains become more integrated.

Negative Factors

Inconsistent free cash flow conversionWeak and volatile free cash flow conversion means reported profits have not consistently translated into funds available for reinvestment, debt reduction, or shareholder returns. This can constrain capital allocation quality and make internally funded growth less predictable.

Transport Corporation of India Limited (TCI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 67.45B
Dividend Yield: 1.15%
Average Volume (3M): 7,569
Price to Earnings (P/E): 14.7
Beta (1Y): 0.85
Revenue Growth: 11.54%
EPS Growth: 5.66%
Country: India
Employees: 4,165
Sector: General
Sector Strength: 55
Industry: Integrated Freight & Logistics

Transport Corporation of India Limited Business Overview & Revenue Model

Company Description

Established in 1958 and headquartered in Gurugram, India, Transport Corporation of India (TCI) delivers comprehensive, integrated supply chain and logistics solutions across the nation. The company's operations are segmented into its Freight, Supply...

How the Company Makes Money

TCI primarily generates revenue by charging customers for logistics and transportation services delivered across its business divisions. Key revenue streams include: (1) surface/road freight services (e.g., full truckload and less-than-truckload move...

Transport Corporation of India Limited Financial Statement Overview

Summary

Steady revenue growth and rising net income support a solid fundamental profile. The balance sheet is a key strength with low leverage (debt-to-equity ~0.12) and expanding equity, though debt ticked up in FY2026. The main drag is cash-flow quality: free cash flow has been volatile and FY2026 FCF (~19% of net income) still lags earnings despite improvement.

Income Statement

74Positive

Balance Sheet

83Very Positive

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	50.26B	49.17B	45.03B	40.38B	37.94B	32.69B
Gross Profit	5.90B	5.74B	5.95B	5.34B	5.32B	4.97B
EBITDA	5.00B	6.50B	4.77B	4.27B	4.40B	4.25B
Net Income	4.55B	4.56B	4.12B	3.51B	3.17B	2.90B
Balance Sheet
Total Assets	0	34.82B	27.80B	25.01B	21.01B	18.27B
Cash, Cash Equivalents and Short-Term Investments	2.95B	3.15B	2.56B	4.14B	2.58B	826.16M
Total Debt	0	3.12B	2.42B	1.94B	918.80M	962.27M
Total Liabilities	-26.05B	8.75B	5.89B	4.64B	3.69B	3.69B
Stockholders Equity	26.05B	25.66B	21.55B	20.04B	17.02B	14.30B
Cash Flow
Free Cash Flow	299.00M	965.00M	52.00M	566.53M	2.05B	2.92B
Operating Cash Flow	2.32B	5.10B	3.59B	2.99B	3.61B	3.68B
Investing Cash Flow	-2.22B	-4.61B	-993.00M	-4.04B	-1.93B	-762.16M
Financing Cash Flow	38.00M	-204.00M	-2.92B	176.43M	-654.70M	-2.58B

Transport Corporation of India Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price872.85

Price Trends

50DMA865.77Positive

100DMA897.88Negative

200DMA938.87Negative

Market Momentum

MACD0.03Negative

RSI53.37Neutral

STOCH62.89Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCI, the sentiment is Positive. The current price of 872.85 is above the 20-day moving average (MA) of 864.28, above the 50-day MA of 865.77, and below the 200-day MA of 938.87, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 62.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TCI.

Transport Corporation of India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TCI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TCI	67Neutral	INR 67.06B	14.70	―	1.15%	11.54%	5.66%
IN:MAHLOG	65Neutral	INR 40.97B	54.42	―	0.61%	20.30%	―
IN:TVSSCS	63Neutral	INR 46.20B	71.70	―	―	16.89%	28.73%
IN:ALLCARGO	62Neutral	INR 13.85B	52.64	―	―	-86.94%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DELHIVERY	52Neutral	INR 289.32B	306.35	―	―	23.65%	32.84%
IN:TCIEXP	49Neutral	INR 18.45B	21.81	―	1.88%	5.16%	-0.69%

* General Sector Average

Performance Comparison

IN:TCI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TCI	Transport Corporation of India Limited	872.85	-317.97	-26.70%
IN:ALLCARGO	Allcargo Logistics Limited	9.25	-3.68	-28.46%
IN:DELHIVERY	Delhivery Limited	386.00	-86.05	-18.23%
IN:MAHLOG	Mahindra Logistics Ltd.	412.65	73.89	21.81%
IN:TCIEXP	TCI Express Ltd.	480.00	-201.02	-29.52%
IN:TVSSCS	TVS Supply Chain Solutions Ltd.	104.70	-25.15	-19.37%

Transport Corporation of India Limited Corporate Events

Transport Corporation of India Secures CARE AA+ Rating for ₹300 Crore Bank Facilities

Jun 29, 2026

Transport Corporation of India Limited announced that Care Ratings Limited, operating as CareEdge Ratings, has assigned a CARE AA+; Stable rating to its long-term bank facilities totaling ₹300 crore. The high-grade rating underscores the compan...

Transport Corporation of India Closes Trading Window Ahead of Q1 Results

Jun 23, 2026

Transport Corporation of India Limited has announced the closure of its trading window in compliance with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. The window will remain shut from July 1, 2026 until 48...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 27, 2026

Transport Corporation of India Limited AI Stock Analysis

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