Transport Corporation of India Limited (TCI) AI Stock Analysis

• Market Cap: ₹89.63B
• Dividend Yield: 0.84%
• Average Volume (3M): 1.08K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 1.00
• Revenue Growth: 11.32%
• EPS Growth: 20.27%
• Country: IN
• Employees: 3,896
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 13.85
• Shares Outstanding: 76,697,360
• 10 Day Avg. Volume: 1,242
• 30 Day Avg. Volume: 1,083
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,321.00
• Price Target Upside: 13.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: ₹1,289.00 ▲(10.30% Upside)

The overall stock score is primarily driven by strong financial performance, reflecting robust growth and profitability improvements. Technical analysis indicates a neutral trend with moderate bullish momentum, while valuation metrics suggest the stock is fairly priced. The absence of earnings call data and corporate events did not impact the score.

Transport Corporation of India Limited Business Overview & Revenue Model

Company Description

Transport Corporation of India Limited provides end to end integrated supply chain and logistics solutions in India. It operates through Freight, Supply Chain Solutions, Seaways, and Energy divisions. The company offers surface transport solutions, such as full truck load, small packages and consignments, over dimensional cargo, project heavy haul and rail, and foldable large containers. Its integrated logistics and supply chain solutions, including supply chain design and reengineering, third party logistics support, warehousing management, and other related services to the automobile, retail, hi-tech and telecom, chemical, and healthcare sectors. The company also offers coastal shipping, container cargo movement, and transportation services; and cold chain, inbound to outbound logistics, and chemical logistics solutions. The company was formerly known as TCI Industries Limited and changed its name to Transport Corporation of India Limited in October 1999. Transport Corporation of India Limited was founded in 1958 and is based in Gurugram, India.

How the Company Makes Money

TCI generates revenue primarily through its diverse range of logistics services. The company's key revenue streams include freight transportation, both in terms of full truckload and less-than-truckload services, and supply chain solutions, which encompass third-party logistics, warehousing, and distribution management. Additionally, TCI's express cargo division contributes to its earnings by providing time-sensitive delivery solutions. Strategic partnerships with major industrial players and continuous investment in technology and infrastructure further enhance its revenue potential, enabling TCI to maintain a competitive edge in the logistics industry.

Transport Corporation of India Limited Financial Statement Overview

Summary

Transport Corporation of India Limited exhibits strong financial performance with significant revenue growth and improved profitability margins. The balance sheet is solid with a strong equity position, though attention to debt levels is advised. Cash flow management is generally sound, but recent fluctuations in free cash flow require careful capital allocation.

Income Statement

The company demonstrates strong revenue growth, rising from INR 27,149.63 million to INR 44,918.00 million over five years. Gross profit margin improved to 13.76% from 10.25%, and net profit margin increased to 9.34% from 5.24%, indicating enhanced profitability. Both EBIT and EBITDA margins show improvement, reflecting efficient operations.

Balance Sheet

The debt-to-equity ratio has improved as debt levels have decreased relative to equity, showcasing prudent financial management. Return on equity (ROE) is strong, benefiting from increased net income. The equity ratio is robust, highlighting a strong financial foundation. However, total debt levels require ongoing monitoring.

Cash Flow

Free cash flow has fluctuated but remains positive, indicating sound cash management. Operating cash flow consistently exceeds net income, suggesting efficient cash operations. However, recent free cash flow decline necessitates attention to capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	44.92B	44.92B	40.38B	37.83B	32.57B	28.01B
Gross Profit	5.30B	6.18B	5.34B	3.98B	4.15B	2.80B
EBITDA	4.71B	4.61B	5.28B	4.51B	4.29B	2.74B
Net Income	4.13B	4.20B	3.51B	3.17B	2.90B	1.47B
Balance Sheet
Total Assets	27.80B	27.80B	25.01B	21.01B	18.27B	17.39B
Cash, Cash Equivalents and Short-Term Investments	2.56B	2.56B	4.14B	2.58B	816.94M	340.55M
Total Debt	2.42B	2.42B	1.94B	918.80M	962.27M	2.97B
Total Liabilities	5.89B	5.89B	4.64B	3.69B	3.69B	5.60B
Stockholders Equity	21.55B	21.55B	20.04B	17.02B	14.30B	11.70B
Cash Flow
Free Cash Flow	0.00	52.00M	566.53M	2.05B	2.92B	1.49B
Operating Cash Flow	0.00	3.59B	2.99B	3.61B	3.68B	3.05B
Investing Cash Flow	0.00	-993.00M	-4.04B	-1.93B	-762.16M	-1.06B
Financing Cash Flow	0.00	-2.92B	176.43M	-654.70M	-2.58B	-1.78B

Transport Corporation of India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1168.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1168.65 is above the 20-day moving average (MA) of 1160.38, below the 50-day MA of 1177.52, and above the 200-day MA of 1109.00, indicating a neutral trend. The MACD of 4.43 indicates Negative momentum. The RSI at 51.08 is Neutral, neither overbought nor oversold. The STOCH value of 63.29 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EIHAHOTELS	77 Outperform	24.20B	25.62	17.12%	0.88%	7.87%	22.09%
TCIEXP	77 Outperform	27.20B	32.75	11.23%	1.13%	-3.21%	-31.89%
CHOICEIN	73 Outperform	166.55B	92.91	15.84%	―	15.46%	26.05%
VRLLOG	73 Outperform	50.21B	22.87	16.87%	4.36%	8.04%	221.22%
TCI	70 Outperform	₹89.63B	20.99		0.84%	11.32%	20.27%
DISHTV	44 Neutral	10.13B	-1.74	15.04%	―	-20.42%	70.80%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Transport Corporation of India Limited Corporate Events

Transport Corporation of India Announces Key Management Change

Transport Corporation of India Limited announced the superannuation of Mr. Jasjit Singh Sethi, the Chief Strategy Officer and a Key Management Personnel, effective from the close of business on August 20, 2025. This change in management is part of the company’s regulatory compliance and may impact its strategic direction as it transitions leadership roles.

Transport Corporation of India Releases Analyst Call Recording

Transport Corporation of India Limited announced the availability of the recording of its Analyst/Investor Conference call held on July 29, 2025. This move aims to ensure transparency and keep stakeholders informed, reflecting the company’s commitment to regulatory compliance and effective communication with investors.

Transport Corporation of India Announces Trading Window Closure Ahead of Financial Results

Transport Corporation of India Limited announced the closure of its trading window in compliance with SEBI regulations, ahead of its Board meeting scheduled for July 28, 2025. During this meeting, the company will review and approve its unaudited financial results for the first quarter ending June 30, 2025. This move is part of the company’s adherence to insider trading regulations and aims to ensure transparency and compliance in its financial reporting, potentially impacting investor confidence and market perception.

Transport Corporation of India Expands Equity Shares Under ESOP-2017

Transport Corporation of India Limited has announced the allotment of 88,595 equity shares under its ESOP-2017 plan, increasing its total paid-up equity shares to 7,66,97,357. This move reflects the company’s commitment to employee engagement and compliance with SEBI regulations, potentially strengthening its market position and operational capabilities.