TickerSutra

NSE: TCIEXP · BSE: 540212 · ISIN INE586V01016

TCI Express Limited stock analysis

TCI Express Limited ranks #2657 in the TickerSutra evidence-ranked universe with a score of 45/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.6%, quarterly sales growth of 8.8% and quarterly profit growth of 6.4%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE45/100

Avoid / exit review

#2657 of 5,430 ranked equities
Market capitalisation₹2,121.57cr
ROCE14.6%
Quarterly sales growth8.8%
Quarterly profit growth6.4%
P/E ratio23.3×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.04×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,081cr₹175cr₹129cr16.0%
2023₹1,241cr₹194cr₹139cr16.0%
2024₹1,254cr₹187cr₹132cr15.0%
2025₹1,208cr₹130cr₹91cr11.0%
2026₹1,236cr₹132cr₹90cr11.0%
TTM₹1,261cr₹135cr₹91cr11.0%
Debt / equity0.04×
CFO / EBITDA0.79×
Operating margin11.0%
Free cash flow₹25cr
Sales CAGR · 3Y-0.1%
Profit CAGR · 3Y-13.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts2 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Pricing pressureHigh severity · 1 mention
Risk easing

Demand continued to be healthy across manufacturing, especially in pharmaceuticals, engineering, Electric, auto vehicles, and SME-led shipments, and the accelerating shift towards outsourced logistics players added directly to our strengths. TCI Express Limited August 06, 2026 Page 3 of 12 The industry as a whole saw elevated operating costs and competitive pricing in certain segments, but our discipline and our focu

Margin expansionHigh severity · 1 mention
Positive catalyst

Do we expect margins to sort of improve in Q2? So the guidance that you have provided of about 100 basis point-150 basis point improvement in margins in the current year factor these kind of things for the remainder of the year sort of come in Q2 onwards? Mukti Lal: Yes, it is true , because again because we couldn't increase the prices effective from April because we know key there would be a increase in fuel price

Management confidenceModerate severity · 1 mention
Constructive

These investments are in line with our long-term plan to build the foundation for the growth ahead. Looking forward, we are confident in our path, running and efficient business by investing in the technology and network capabilities that will sincerely drive long-term sustainable growth. We are happy to take your Questions.

Regulatory updatesLow severity · 1 mention
Watch

(IST) through video conference /other audio visual (‘VC/OAVM’) means, in compliance with the applicable provisions of the Companies Act, 2013 (‘the Act'), read with the Rules made thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations’) and applicable circulars issued by the Ministry of Corporate Affairs (‘MCA’) and the Securities and Exchange Board of India

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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