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Transport Corporation of India Ltd share Price

Company details

6M Return 2.43%
1Y Return -4.65%
Mkt Cap.(Cr) 5,499.99
Volume 53,105
Div Yield 0.99%
OI Chg %
Volume 53,105

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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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Transport Corporation of India Ltd.

FY23 Annual Result Announced for Transport Corporation of India Ltd.

Surface Transportation company Transport Corporation of India announced FY23 results:

  • Standalone FY23 vs FY22:
    • Revenue from operations of Rs 3,492 crore, growth of 18.96% YoY
    • EBITDA of Rs 468 crore compared to Rs 422 crore in FY22
    • PAT of Rs 304 crore compared to Rs 267 crore in FY22 and grew by 13.49%
  • Consolidated FY23 vs FY22:
    • Revenue from operations of Rs 3,812 crore, growth of 16.36% YoY
    • EBITDA of Rs 495 crore compared to Rs 456 crore in FY22
    • PAT of Rs 321 crore compared to Rs 293 crore in FY22 and grew by 9.48%

Commenting on the results, Vineet Agarwal, Managing Director, TCI Group, said, "In Q4 & FY’23, we have forged ahead with decent momentum across all service segments. The uptrend in the mobility sector, continued government and private capex and steady consumption trends have helped all our businesses.

Team TCI continues to achieve value for our customers through a solutions-based approach in India and the neighboring countries. Our rail and coastal multimodal services witnessed growing demand with GHG emissions savings as a clear goal. The implementation of control towers, ULIP integration, and various other digital transformation initiatives have enhanced our service offerings.

Our commitment to sustainability has been further cemented with the recent launch of TCI-IIMB Supply Chain Sustainability Lab in collaboration with IIM Bangalore. The lab aims to assist the corporates & the logistics industry in their net-zero journey.

The coming quarters will be impacted due to multiple domestic and global factors. However, the India story remains stable with continued investments in infrastructure projects. With various FTAs and PLI schemes boosting exports and manufacturing, India will become an important base in the global supply chains and move further up in the LPI index rankings. TCI remains committed to play its role by making necessary investments in ships, trains, containers, and green warehousing."



Result PDF

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Investment recommendation

Call Date
27 May 2021
Entry Price 366.00
Target Price 490.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Transport Corporation of India Ltd Stocks COMPARISION


Equity Capital: 1,430.28 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 2,333.12 37,369.27
LAST 3M 16,668.82 53,102.69
LAST 6M 64,410.78 32,565.35
LAST 12M 119,684.93 75,969.00
Transport Corporation of India Limited - Updates

May 31, 2023 l NSE Announcement

Transport Corporation of India Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 29, 2023 l NSE Announcement

Transport Corporation of India Limited - Loss of Share Certificates

May 26, 2023 l NSE Announcement

Date Action Type Ratio
Feb 07, 2023 Dividend 125
Nov 03, 2022 Dividend 125
Jul 26, 2022 Dividend 100

Transport Corporation of India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : secretarial:tcil.com
Website : http://www.tcil.com

Abhipra Capital Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532349
NSE Code : TCI
Book Closure Date (Month) : Jul/Aug
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 May 31, 2023 03:57 PM the closing price of Transport Corporation of India Ltd was ₹ 709.10.

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 May 31, 2023 03:57 PM, the market cap of Transport Corporation of India Ltd stood at ₹ 5,499.99.

The latest PE ratio of Transport Corporation of India Ltd as of May 31, 2023 03:57 PM is 17.15

The latest PB ratio of Transport Corporation of India Ltd as of May 31, 2023 03:57 PM is 0.31

The 52-week high of Transport Corporation of India Ltd is ₹ 844.95 while the 52-week low is ₹ 555.25

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

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