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TCI Express Ltd share Price Today

Company details

1,170.00
1,197.15
997.85
1,659.95
6M Return -17.11%
1Y Return -28.10%
Mkt Cap.(Cr) 4,516.69
Volume 10,229
Div Yield 0.17%
OI
-
OI Chg %
-
Volume 10,229

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Transportation-Logistics company TCI Express announced Q2FY24 & H1FY24 results:

1. Business Performance:
- TCI Express achieved consistent revenue growth and improved margins in Q2FY24.
- The company reported a revenue of Rs 322 crore, up by 5.0% QoQ and 3.1% YoY.
- EBITDA of Rs 52 crore and Net Profit of Rs 36 crore were recorded, with improved margins of 16.2% and 11.1% respectively.

2. Key Highlights:
- TCI Express experienced strong growth and margin improvements driven by the execution and acceleration of automation and steady demand from the MSME sector.
- The capacity utilization during the quarter was at ~84%.
- The company added 12 new branches during H1FY24, deepening its presence in key business geographies.
- TCI Express has received various awards and recognitions, including being recognized as the Most Trusted Brand of India 2023 and received the LEED Gold certification for its Tajnagar sorting centre.

3. Strategy and Outlook:
- TCI Express plans to continue its focus on balanced growth and revenue quality, expanding margins, and ensuring sustainable returns on capital.
- The company aims to expand its service offerings, including Rail Express, Pharma Cold Chain Express, and C2C Express, which are expected to contribute to higher margin levels.
- TCI Express remains optimistic about the industry's potential and is well-positioned to capitalize on the growth opportunities in the Indian economy and the evolving logistics landscape.

4. Sustainability:
- TCI Express is committed to sustainability and has been recognized as a Sustainable Organization by the Economics Times for adopting sustainable practices and promoting environmental consciousness.
- The company has implemented various initiatives for water conservation, renewable energy generation, emission reduction, and social welfare programs.
- TCI Express has also received certifications such as LEED Gold for its sorting centers and GEM 5 certification for its sustainable warehouse and logistics hub.

Commenting on the performance, Chander Agarwal, Managing Director, said, “Despite the delay in the festive season, we are delighted to announce that TCI Express delivered another quarter of consistent performance with Improved sequential margins. The growth and margin improvements during the period were primarily driven by the execution and acceleration of automation and steady demand from the MSME sector which has witnessed a strong uptick in the last few quarters.

In line with our reflection on performance and shareholder-friendly capital allocation policy, the Board of Directors has recommended an interim dividend of Rs 3 per share with a pay-out of 150% on the face value, reaffirming our commitment to delivering value to our shareholders.

Coming to the business update, I am pleased to announce the appointment of Mr. Hemant Srivastava as Chief Operating Officer of Express Businesses (Non-Surface) of TCI Express. With a distinguished career spanning two decades at the TCI Group, he has undertaken diverse and impactful roles in finance and management, including positions as Zonal Manager and Regional Express Manager. Under his capable and experienced leadership, Mr. Srivastava will head an independent team, responsible for overseeing Express Businesses (Non-Surface) including newly launched business verticals, ushering into a new era of innovation and excellence within TCI Express."

 

 

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TCI Express Ltd shares SWOT Analysis

Strengths (3)

  • Company with Low Debt
  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (3)

  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining profits every quarter for the past 2 quarters
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 1,195.7
R2 1,208.9
R3 1,223.1
Pivot

1,181.53

S1 1,168.4
S2 1,154.2
S3 1,141.0
EMA SMA
1,097.3
1,085.7
1,132.6
1,235.3
1,074.2
1,067.5
1,120.3
1,259.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HDFC MUTUAL FUND A/C TAX SAVER FUND Bulk Purchase 2020-08-25 795 217203 NSE
MANULIFE GLOBAL FD-INDIA EQUITY FUND Bulk Sell 2018-08-06 697.03 226090 NSE
Name Category Shares
VINEET AGARWAL PROMOTER 5.24%
DHARAM PAL AGARWAL (HUF) PROMOTER 2.66%
PRIYANKA AGARWAL PROMOTER 2.54%
URMILA AGARWAL PROMOTER 2.41%
CHANDER AGARWAL PROMOTER 2.39%
DHARMPAL AGARWAL PROMOTER 1.09%
CHANDRIMA AGARWAL PROMOTER 0.97%
BHORUKA EXPRESS CONSOLIDATED LIMITED PROMOTER 44.49%
TCI TRADING (DHARMPAL AGARWAL) PROMOTER 6.49%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 Jul 2021
Entry Price 1,570.00
Target Price 1,850.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

TCI Express Ltd Stocks COMPARISON

Financials( in Cr) TCI Express Ltd Container Corporation Of India Ltd Delhivery Ltd Blue Dart Express Ltd TVS Supply Chain Solutions Ltd
Price 1,178.00 1,118.00 400.60 7,903.00 173.92
% Change -0.38 -1.96 0.46 -1.22 -0.44
Mcap Cr 4,516.69 68,119.07 29,515.61 18,752.24 7,655.25
Revenue TTM Cr 1,241.01 8,310.36 7,225.30 5,172.22 10,235.38
Net Profit TTM Cr 139.28 1,173.47 -1,007.78 370.53 41.76
PE TTM 34.44 55.10 0.00 63.00 0.00
1 Year Return -28.10 69.15 2.27 18.83 -13.47
ROCE 30.88 13.73 0.00 26.91 5.82
ROE 23.35 10.68 0.00 36.12 3.77
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 596.37 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

TCI Express Ltd Information

Stock PE (TTM)
34.44
Promoter Holding
69.6%
Book Value
183.6053
ROCE
30.88%
ROE
23.35%
Registered Address

Flat No 306 & 307 1-8-271To273, 3rdFloor Ashoka Bhoopal Chambe, Secunderabad, Telangana, 500003

Tel : 91-040-27840104 /91-0124-2384090-94
Email : secretarial:tciexpress.in; info:tciexpress.in
Website : http://www.tciexpress.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 540212
NSE Code : TCIEXP
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE586V01016

FAQ’s on TCI Express Ltd Shares

You can buy TCI Express Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy TCI Express Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 19, 2024 09:59 AM the closing price of TCI Express Ltd was Rs.1,178.00.

The latest PE ratio of TCI Express Ltd as of Jun 19, 2024 09:59 AM is 34.44

The latest PB ratio of TCI Express Ltd as of Jun 19, 2024 09:59 AM is 0.16

The 52-week high of TCI Express Ltd share price is Rs. 1,659.95 while the 52-week low is Rs. 997.85

According to analyst recommendations, TCI Express Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 19, 2024 09:59 AM, the market cap of TCI Express Ltd stood at Rs. 4,516.69.

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