Operates as a logistics solution provider offering express cargo and surface transportation services in India. The business generated Rs 1,237.53 cr in revenue in FY26, with an EBITDA margin of 11.17% and net profit of Rs 81.43 cr. The cost structure is dominated by 'other operating expenses' at 78.1% of revenue, which in a surface-logistics setup covers hired transport, fuel, hub and line-haul costs; employee costs add 11.8% and depreciation 2.1%. The fleet is being progressively decarbonised, with 214 CNG vehicles and 58 electric vehicles added recently, taking the clean-energy share of the fleet to 13.2%. Cargo is also moved by rail, with 8,936.6 MT transported by that mode, which the company says avoided 1,439 tCO2e of emissions. Total assets crossed Rs 1,000 cr in FY26, the company is debt-free, and cash from operations stood at Rs 103.80 cr; dividend per share was raised to Rs 7. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Express cargo and surface logistics. Service-oriented, asset-heavy surface logistics and express cargo operator
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 1,241 | 1,254 | 1,208 | 1,238 |
| EBITDA (ex other income) | 194 | 187 | 125 | 123 |
| margin % | 15.7 | 14.9 | 10.3 | 9.9 |
| Owners' profit | 0 | 0 | 0 | 81 |
| EPS, as reported (₹) | 36.24 | 34.36 | 22.36 | 21.21 |
| ROE % · ROCE % | 23.4 · 30.5 | 18.7 · 24.3 | 11.2 · 14.9 | 9.9 · 12.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.04 |
| Cash from operations | 147 | 136 | 118 | 101 |
| Capex | (126) | (52) | (51) | (125) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 312 | 296 | 307 | 287 | 309 | 314 | 328 | 313 |
| Profit before tax | 34 | 26 | 26 | 26 | 32 | 30 | 23 | 28 |
| Net profit | 25 | 19 | 19 | 19 | 24 | 22 | 16 | 20 |
| EPS (₹) | 6.49 | 5.00 | 5.05 | 5.13 | 6.23 | 5.74 | 4.77 | 5.20 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CONTAINER CORP OF IND LTD | 38,024 | 30.5 | 2.91 | 16.2 | 9.5 | 11.6 | 7.2 | 24.5 |
| DELHIVERY LIMITED | 32,882 | 351.3 | 3.39 | 33.6 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 14,920 | 92.7 | 8.55 | 59.0 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 11,490 | 40.0 | 6.47 | 12.1 | 13.9 | 13.4 | 13.3 | 16.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · TCI Express promoter group inter-se transfer of 12,000 shares | ownership changes | medium | — | — |
| 8 Sept 2026 · Newspaper notice on IEPF share transfer and physical securities window | compliance | minimal | — | — |
| 7 Sept 2026 · TCI Express: Inter-se promoter group share transfer of 15,000 shares | ownership changes | medium | — | — |
| 5 Sept 2026 · Inter-se transfer of 15,000 shares between promoter entities of TCI Express | ownership changes | low | — | — |
| 4 Sept 2026 · Promoter group inter-se transfer of 13,100 TCI Express shares | ownership changes | medium | — | — |
| 3 Sept 2026 · Promoter group entities inter-se transfer of 13,100 TCI Express shares | ownership changes | medium | — | — |
| 29 Aug 2026 · Inter-se transfer of 16,000 shares between promoter group entities | ownership changes | medium | — | — |
| 17 Aug 2026 · Two Independent Directors end tenure at TCI Express | management changes | medium | — | — |
| 14 Aug 2026 · Inter-se transfer of 46,000 shares between promoter group entities | ownership changes | medium | — | — |
| 13 Aug 2026 · Promoter group entities complete inter-se share transfer | ownership changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| TRANSPORT CORPN OF INDIA |
| 6,587 |
| 14.4 |
| 2.53 |
| 11.9 |
| 17.7 |
| 14.4 |
| 11.9 |
| 11.3 |
| TVS SUPPLY CHAIN SOL L | 5,770 | 89.5 | 2.80 | 7.0 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 5,044 | 18.9 | 4.41 | — | 20.7 | 14.5 | — | 21.9 |
| Afcom Holdings Limited | 4,284 | 22.2 | 9.38 | — | 26.7 | 20.2 | — | 41.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.5 | 15.7 | 36 of 54 | 34% |
| P/B | 2.4 | 1.6 | 28 of 40 | 31% |
| ROCE | 12.4 | 6.8 | 14 of 56 | 76% |
| ROE | 9.9 | 5.7 | 11 of 42 | 76% |
| Debt / Equity | 0.0 | 0.2 | 10 of 42 | 78% |
| EBITDA margin | 11.3 | 8.7 | 19 of 43 | 57% |
| Revenue growth | 9.3 | 9.5 | 23 of 42 | 46% |
| Profit growth | 5.2 | 22.5 | 22 of 35 | 38% |
| Market cap | 1977 | 123 | 11 of 56 | 82% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
