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Transport Corporation of India Limited (IN:TCI)
:TCI
India Market
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Transport Corporation of India Limited (TCI) AI Stock Analysis

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IN:TCI

Transport Corporation of India Limited

(TCI)

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Neutral 67 (OpenAI - Gpt-5.6Sol)
Rating:67Neutral
Price Target:
₹981.00
▲(6.85% 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
Integrated Logistics Platform
A diversified, multimodal platform can deepen customer relationships and broaden revenue sources across freight, storage and specialized logistics. This reduces dependence on one service line and supports durable positioning as supply chains become more integrated.
Negative Factors
Inconsistent Free Cash Flow
Weak and volatile cash conversion can limit the funds available for fleet, warehouse and network investment, even when accounting earnings remain healthy. The FY2026 rebound is encouraging, but multi-year variability remains a material quality risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Logistics Platform
A diversified, multimodal platform can deepen customer relationships and broaden revenue sources across freight, storage and specialized logistics. This reduces dependence on one service line and supports durable positioning as supply chains become more integrated.
Read all positive factors

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

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, Supp...
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 m...

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
74
Positive
Balance Sheet
83
Very Positive
Cash Flow
56
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue50.26B49.17B45.03B40.38B37.94B32.69B
Gross Profit5.90B5.74B5.95B5.34B5.32B4.97B
EBITDA5.29B6.50B4.66B4.19B4.33B4.16B
Net Income4.55B4.56B4.12B3.51B3.17B2.90B
Balance Sheet
Total Assets0.0034.82B27.80B25.01B21.01B18.27B
Cash, Cash Equivalents and Short-Term Investments2.95B3.15B2.56B4.14B2.58B826.16M
Total Debt0.003.12B2.42B1.94B918.80M962.27M
Total Liabilities-26.05B8.75B5.89B4.64B3.69B3.69B
Stockholders Equity26.05B25.66B21.55B20.04B17.02B14.30B
Cash Flow
Free Cash Flow299.00M965.00M52.00M566.53M2.05B2.92B
Operating Cash Flow2.32B5.10B3.59B2.99B3.61B3.68B
Investing Cash Flow-2.22B-4.61B-993.00M-4.04B-1.93B-762.16M
Financing Cash Flow38.00M-204.00M-2.92B176.43M-654.70M-2.58B

Transport Corporation of India Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
₹21.20B24.481.67%5.16%-0.69%
67
Neutral
₹67.14B14.621.07%9.59%6.92%
63
Neutral
₹338.96B358.1023.10%-53.19%
57
Neutral
₹19.52B69.823.82%-86.94%
56
Neutral
₹40.62B107.710.62%16.93%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
53
Neutral
₹56.17B85.3816.89%28.73%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:TCI
Transport Corporation of India Limited
868.00
-294.83
-25.35%
IN:ALLCARGO
Allcargo Logistics Limited
12.76
1.26
10.96%
IN:DELHIVERY
Delhivery Limited
450.60
-13.45
-2.90%
IN:MAHLOG
Mahindra Logistics Ltd.
402.05
75.16
22.99%
IN:TCIEXP
TCI Express Ltd.
539.65
-165.33
-23.45%
IN:TVSSCS
TVS Supply Chain Solutions Ltd.
124.75
-8.00
-6.03%

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 com...
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...
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