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Transport Corporation of India Ltd share Price Today

Company details

775.40
802.90
591.00
1,079.50
6M Return -2.25%
1Y Return 29.08%
Mkt Cap.(Cr) 6,061.44
Volume 13,572
Div Yield 0.89%
OI
-
OI Chg %
-
Volume 13,572

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Technical Outlook

    The logistic space has undergone healthy price/time correction over past six-eight months after strong rally in CY21 and now regaining upward momentum after a higher base formation. Within this space, we remain constructive on TCI as it has registered a breakout above the triangular consolidation of the last eight months signaling resumption of up move and offers fresh entry opportunity

    Buying demand is seen emerging in the stock from the major support area if ₹ 650-700 being the confluence of the 52 weeks EMA ( currently placed at ₹655) and the rising demand line joining lows of CY20 (₹ 122) and CY21 (₹ 241) signaling strength and an overall price structure
     
    We expect the stock to continue with its current positive momentum and head towards ₹ 860 levels in the coming months being the confluence of the previous all-time high of January 2022 and the 138.2% external retracement of the recent breather (₹820-664)
     
    Weekly 14 periods RSI has generated a buy signal moving above its nine periods average thus validates positive bias

     

Fundamental Outlook

    TCI is a leading provider of integrated multimodal logistics and supply chain solutions. TCI has 9000+ trucks in operation, six owned coastal ships, 12 million square feet warehousing space and 900 offices. TCI’s multimodal solutions cater to the needs of a diversified customer base and help it to capture a higher wallet share of its customers

    In FY22, freight formed 47% of revenues while SCM and coastal shipping contributed 34% and 18%, respectively
     
    TCI is expected to benefit from multiple positive developments across its segments. Increased demand for coastal shipping is expected to boost the utilisation of the shipping division with the company expected to induct another ship in 2HFY23E which should provide fillip to the shipping segment revenues. Also recovery in Auto sector volumes augurs well for its SCM division (80% revenues from Auto sector). Further, higher share of Less Than Truck (LTL) load (increase from 35% in FY22 to 40% in FY24E) is expected to be positive for the margin trajectory of the freight division owing to higher margin profile in the LTL segment
     
    Over the last 2 years, the company has been focussing on margin improvement by controlled cost structure and providing higher value added services to its customers which has led to its RoCE improving from ~ 13% in FY21 to 20% in FY22. We expect the company to maintain its RoCE at 20-21%% over FY22-24E
     
    TCI’s robust pipeline of customers and diversified services have helped the momentum in revenues and margins to continue amid a volatile environment. Due to continued strong margin performance and expected recovery of SCM segment in medium term, we maintain a positive stance on the company
     


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Research view on more stocks

Surface Transportation company Transport Corporation of India announced Q1FY24 results:

  • Consolidated Q1FY24 vs Q1FY23:
    • Revenue from operations of Rs 9,583 million, growth of 5.5% YoY
    • EBITDA of Rs 1,267 million compared to Rs 1,191 million in Q1FY23
    • PAT of Rs 832 million compared to Rs 786 million in Q1FY23 and grew by 5.9%
  • Standalone Q1FY24 vs Q1FY23:
    • Revenue from operations of Rs 8,875 million, growth of 7.8% YoY
    • EBITDA of Rs 1,244 million compared to Rs 1,151 million in Q1FY23
    • PAT of Rs 833 million compared to Rs 766 million in Q1FY23 and grew by 8.7%

Commenting on the results, Vineet Agarwal, MD – TCI said, “The Company has delivered consistent performance despite the industry headwinds of low consumer demand, slow-down in EXIM trade, and moderate credit growth.

Our warehousing, 3PL services & emerging vertical solutions have seen traction along with heavy demand in the automotive segment. In addition, brands will witness demand due to the good monsoon and the upcoming festive season.

We continue to keep sustainability at the core of everything we do, thereby enabling our customers to meet their net-zero climate goals. TCI has committed to deploy zero-emission trucks over the next 18-24 months to run on India’s first zero-emission road freight cluster as announced by Niti Ayog in collaboration with WRI India & World Economic Forum.

Our investments in strengthening rail and coastal multimodal service offerings and building networks thereof remain.

As India gears up to be amongst the top 3 world economies, TCI is building up its capabilities and capacities to remain as leaders in logistics."

 

Result PDF

View Other Company Results

Transport Corporation of India Ltd shares SWOT Analysis

Strengths (7)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (3)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • RSI indicating price weakness

Resistance and support

R1 797.9
R2 807.6
R3 819.3
Pivot

786.13

S1 776.4
S2 764.7
S3 755.0
EMA SMA
818.9
838.1
833.3
802.6
820.3
853.4
846.6
805.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HDFC MUTUAL FUND Bulk Purchase 2021-07-20 405.4 975312 BSE
HDFC MUTUAL FUND Bulk Sell 2021-07-20 405.4 975312 BSE
HDFC MUTUAL FUND A/C HDFC SMALL CAP FUND Bulk Purchase 2021-07-19 402.35 1000000 NSE
Name Category Shares
VINEET AGARWAL PROMOTER 3.92%
PRIYANKA AGARWAL PROMOTER 3.81%
DHARAM PAL AGARWAL-HUF PROMOTER 2.63%
URMILA AGARWAL PROMOTER 2.38%
CHANDER AGARWAL PROMOTER 2.36%
DHARMPAL AGARWAL PROMOTER 1.07%
CHANDRIMA AGARWAL PROMOTER 0.76%
BHORUKA SUPPLY CHAIN SOLUTIONS HOLDINGS LIMITED PROMOTER 44.24%
DHARMPAL AGARWAL-TCI Trading PROMOTER 6.41%

OUR RESEARCH VIEW

Investment recommendation
Call Date
27 May 2021
Entry Price 366.00
Target Price 490.00
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

Transport Corporation of India Ltd Stocks COMPARISON

Financials( in Cr) Transport Corporation of India Ltd Container Corporation Of India Ltd Delhivery Ltd Blue Dart Express Ltd TVS Supply Chain Solutions Ltd
Price 780.40 865.35 438.15 5,697.35 151.40
% Change -1.80 -0.30 -1.76 0.23 -2.13
Mcap Cr 6,061.44 52,725.26 32,205.91 13,518.67 6,658.27
Revenue TTM Cr 3,782.57 8,310.36 7,225.30 5,172.22 10,235.38
Net Profit TTM Cr 320.59 1,173.47 -1,007.78 370.53 41.76
PE TTM 18.37 42.58 0.00 45.37 0.00
1 Year Return 29.08 47.76 33.08 -5.29 -24.68
ROCE 22.98 13.73 0.00 26.91 5.82
ROE 21.07 10.68 0.00 36.12 3.77
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,701.79 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20

Transport Corporation of India Ltd Information

Stock PE (TTM)
18.37
Promoter Holding
68.92%
Book Value
239.265
ROCE
22.98%
ROE
21.07%
Description
  • Transport Corporation of India(TCI) was set up in 1958 with one objective,to professionalise the cargo transportation industry in India. Today the Rs.850 crore,TCI group is India`s largest integrated logistics serivce provider,serving 3000 destinations.TCI has the country`s widest branch network of over 1000 company-owned offices and a team of over 4000 trained employees.TCI was the first to launch several solutions in the logistics field. It is the largest surface transport company of Asia. TCI became the first road transport organization in the Country to achieve ISO 9002 for service quality for its operations. It handles over 4 million tons of cargo annually.It operates a mammoth fleet of over 3000 trucks moving 15000 consignments daily.By inducting Volvo Vehicles for its Transport Division it is aiming to give the customer the added advantage of carrying large quantities and volumetric cargo safely and quickly,bringing about economies in operations. The Logistics Division have acquired many contracts in 2001.The offices are equipped with modern sophiticated communication equipment to facilitate thorough tracing of cargo. The company had invested around Rs.40 million on computer hardware & software during 2001. It has also invested in VSAT and leased line network to ensure real time data and information flow. TCI`s joint venture with Mitsui & Co of Japan was established as Transystem Logistics International Pvt Ltd in 1999 to provide complete automobile logistics services to Toyota Kirloskar Motors in India.The company had invested Rs.39.20 million and has been tremendous returns in terms of implementation and learning of global logistics systems in India. During the financial year 2004-05,the company has successfully commissioned another Wind Power Project with a capacity of 2.5 MW in the state of Rajasthan.This has caused an increase of installed capacity to 5 MW.

Registered Address

306-307 1-8-271-273, Ashoka Bhoopal Chambers SP Rd, Secunderabad, Telangana, 500003

Tel : 91-40-27840104
Email : archana.pandey:tcil.com, secretarial:tcil.com
Website : http://www.tcil.com
Registrar

Abhipra Capital Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532349
NSE Code : TCI
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE688A01022

FAQ’s on Transport Corporation of India Ltd Shares

You can buy Transport Corporation of India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Transport Corporation of India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 15, 2024 03:09 PM the closing price of Transport Corporation of India Ltd was ₹ 780.40.

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 Mar 15, 2024 03:09 PM, the market cap of Transport Corporation of India Ltd stood at ₹ 6,061.44.

The latest PE ratio of Transport Corporation of India Ltd as of Mar 15, 2024 03:09 PM is 18.37

The latest PB ratio of Transport Corporation of India Ltd as of Mar 15, 2024 03:09 PM is 0.31

The 52-week high of Transport Corporation of India Ltd is ₹ 1,079.50 while the 52-week low is ₹ 591.00

According to analyst recommendations, Transport Corporation of India Ltd has a “Buy” rating for the long term.

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