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Transport Corporation of India Limited
(TCI)
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Rating:67Neutral
Price Target:
₹874.00
▼(-4.80% Downside)
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 platform
TCI’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 conversion
Weak 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified logistics platform
TCI’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.
Read all positive factors
Transport Corporation of India Limited (TCI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.06B
Dividend Yield1.15%
Average Volume (3M)14.24K
Price to Earnings (P/E)14.7
Beta (1Y)0.85
Revenue Growth11.54%
EPS Growth5.66%
CountryIN
Employees4,165
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)59.36
Shares Outstanding76,831,140
10 Day Avg. Volume2,638
30 Day Avg. Volume14,242
Financial Highlights & Ratios
PEG Ratio1.37
Price to Book (P/B)2.76
Price to Sales (P/S)1.44
P/FCF Ratio73.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)60.5
Revenue Forecast (FY)₹54.61B
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
Income Statement
74
Positive
Balance Sheet
83
Very Positive
Cash Flow
56
Neutral
| 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 | 0.00 | 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 | 0.00 | 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
Positive
918.10
Price Trends
865.77
Positive
897.88
Negative
938.87
Negative
Market Momentum
0.03
Negative
53.37
Neutral
62.89
Neutral
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 918.1 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹67.06B | 14.70 | ― | 1.07% | 11.54% | 5.66% | |
63 Neutral | ₹18.45B | 21.81 | ― | 1.88% | 5.16% | -0.69% | |
58 Neutral | ₹40.97B | 54.42 | ― | 0.61% | 20.30% | ― | |
57 Neutral | ₹13.85B | 52.64 | ― | 3.82% | -86.94% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹46.20B | 71.70 | ― | ― | 16.89% | 28.73% | |
52 Neutral | ₹289.32B | 306.35 | ― | ― | 23.10% | -53.19% |
* General Sector Average
IN:TCI
Transport Corporation of India Limited
872.85
-317.53
-26.67%
IN:ALLCARGO
Allcargo Logistics Limited
9.25
-3.32
-26.41%
IN:DELHIVERY
Delhivery Limited
386.00
-80.45
-17.25%
IN:MAHLOG
Mahindra Logistics Ltd.
412.65
61.72
17.59%
IN:TCIEXP
TCI Express Ltd.
480.00
-188.42
-28.19%
IN:TVSSCS
TVS Supply Chain Solutions Ltd.
104.70
-24.45
-18.93%
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.