TCI Express Ltd. (TCIEXP) AI Stock Analysis

• Market Cap: ₹25.65B
• Dividend Yield: 1.2%
• Average Volume (3M): 2.11K
• Price to Earnings (P/E): 30.9
• Beta (1Y): 0.81
• Revenue Growth: -3.21%
• EPS Growth: -31.89%
• Country: IN
• Employees: 2,779
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 5.10
• Shares Outstanding: 38,418,990
• 10 Day Avg. Volume: 972
• 30 Day Avg. Volume: 2,107
• PEG Ratio: -0.63
• Price to Book (P/B): 2.46
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 27.50
• 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: ₹840.00
• Price Target Upside: 24.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 74 Outperform
• Price Target: ₹808.00 ▲(20.14% Upside)

TCI Express Ltd. achieves a strong overall score driven by its solid financial performance, characterized by consistent revenue growth and operational efficiency. Technical analysis indicates neutral momentum, while valuation metrics suggest the stock is relatively expensive. The absence of earnings call data and corporate events does not impact the score.

TCI Express Ltd. Business Overview & Revenue Model

Company Description

TCI Express Limited provides express delivery solutions in India and internationally. It provides surface express; reverse express; domestic and international air express; e-commerce express; C2C express; rail express; and cold chain express services. The company serves pharmaceutical, engineering, telecom, automotive, consumer durable, textile, retail, e-commerce, and plastic industries, as well as supermarkets. It has approximately 40,000 pickup points and 50,000 delivery locations with approximately 5,000 containerized vehicles. The company was formerly known as TCI Properties (Pune) Limited. TCI Express Limited was founded in 1996 and is based in Gurugram, India.

How the Company Makes Money

TCI Express Ltd. primarily generates revenue through its express delivery services, which include both domestic and international transportation of parcels and documents. The company's key revenue streams involve charges for expedited delivery services, where customers pay a premium for faster and time-definite deliveries. Additionally, TCI Express earns revenue through value-added services like e-commerce logistics, where it partners with online retailers to manage their logistics needs, and cold chain logistics, which involves transporting perishable goods under controlled conditions. The company also benefits from its extensive network and strategic alliances, which enhance its operational capabilities and market reach, thereby contributing to its earnings.

TCI Express Ltd. Financial Statement Overview

Summary

TCI Express Ltd. demonstrates solid financial performance with consistent revenue growth and strong operational efficiency. The company maintains a low leverage profile, providing stability and reducing financial risk. While profitability metrics show slight pressure, the firm continues to generate positive cash flows, underpinning its financial health and potential for future growth.

Income Statement

TCI Express Ltd. has shown consistent revenue growth over the years, with revenue increasing from 2021 to 2025. The gross profit margin has been stable, indicating effective cost management. However, the net profit margin has slightly decreased in 2025 compared to previous years, suggesting some pressure on profitability. The EBIT and EBITDA margins are robust, reflecting strong operational performance.

Balance Sheet

The company maintains a strong balance sheet with a consistently low debt-to-equity ratio, indicating lower financial risk. The equity ratio is high, showcasing a solid financial foundation and effective asset management. TCI Express Ltd.'s return on equity has been healthy, reflecting efficient use of shareholders' funds.

Cash Flow

The cash flow from operations has been positive and strong over the years, supporting the company's operations and capital expenditures. The free cash flow has seen fluctuations, with a decline in 2025, which may impact future investments. The operating cash flow to net income ratio remains favorable, indicating good cash conversion from earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.02B	12.08B	12.54B	12.41B	10.81B	8.44B
Gross Profit	1.79B	1.84B	2.40B	2.21B	1.99B	1.59B
EBITDA	1.24B	1.38B	1.94B	2.02B	1.83B	1.42B
Net Income	829.50M	858.10M	1.32B	1.39B	1.29B	1.01B
Balance Sheet
Total Assets	0.00	9.19B	8.50B	7.35B	6.57B	5.47B
Cash, Cash Equivalents and Short-Term Investments	1.60B	1.63B	1.07B	459.60M	1.03B	842.30M
Total Debt	0.00	98.60M	104.60M	70.70M	11.20M	22.40M
Total Liabilities	-7.64B	1.54B	1.46B	1.39B	1.21B	1.13B
Stockholders Equity	7.64B	7.64B	7.04B	5.96B	5.36B	4.34B
Cash Flow
Free Cash Flow	0.00	685.30M	838.50M	207.70M	471.00M	446.00M
Operating Cash Flow	0.00	1.19B	1.36B	1.47B	1.28B	1.02B
Investing Cash Flow	0.00	-927.20M	-1.05B	-647.10M	-902.70M	-960.10M
Financing Cash Flow	0.00	-316.90M	-277.60M	-837.40M	-307.10M	-82.20M

TCI Express Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 672.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCIEXP, the sentiment is Negative. The current price of 672.55 is below the 20-day moving average (MA) of 696.42, below the 50-day MA of 699.52, and below the 200-day MA of 715.40, indicating a bearish trend. The MACD of -11.66 indicates Positive momentum. The RSI at 40.24 is Neutral, neither overbought nor oversold. The STOCH value of 47.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TCIEXP.

TCI Express Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCIEXP	74 Outperform	₹25.65B	30.89	―	1.20%	-3.21%	-31.89%
VRLLOG	72 Outperform	₹47.01B	21.42	―	4.63%	8.04%	221.22%
BALMLAWRIE	67 Neutral	₹34.08B	12.64	―	4.26%	7.25%	1.12%
RITCO	64 Neutral	₹7.37B	16.51	―	―	32.13%	9.29%
ALLCARGO	60 Neutral	₹32.47B	-46.58	―	6.35%	17.82%	-314.42%
SNOWMAN	57 Neutral	₹8.43B	130.85	―	1.97%	11.69%	-42.04%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%