TCI

Transport Corporation of India Limited

Integrated logistics services including freight, supply-chain solutions and warehousing

Services›Services›Transport Services›Logistics Solution Provider

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Key metrics

Price as of 2026-10-16

Stock price
₹864.20
Market cap
6,654 Cr
Stock P/E
14.5
P/B
2.58
Dividend yield
1.0%
ROE (FY26)
17.7%
ROCE (FY26)
18.5%
Operating margin (FY26)
7.9%
Debt / equity (FY26)
0.09
OCF / EBITDA (FY26)
85.9%
OCF / EBITDA (3Y)
79.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

TCI (Transport Corporation of India) moves goods for Indian businesses by road freight, warehousing and supply-chain management, and coastal shipping.

Company snapshot

5thBy market cap

Ranked among 34 companies in Logistics Solution Provider.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 49.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Energy Divison
0.1%
4 Cr2 Cr—
Freight Division
49.4%
1,638 Cr44 Cr—
Seaways Division
13.9%
460 Cr142 Cr—
Supply Chain Solutions Division
39.1%
1,297 Cr78 Cr—
Unallocable & Corporate
0.9%
31 Cr0 Cr—

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.09x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales994 Cr1,002 Cr1,079 Cr1,045 Cr1,121 Cr1,147 Cr1,179 Cr1,139 Cr1,205 Cr1,249 Cr1,324 Cr1,249 Cr
Operating expenses (approx.)893 Cr902 Cr970 Cr941 Cr1,004 Cr1,029 Cr1,057 Cr1,018 Cr1,078 Cr1,122 Cr1,181 Cr1,113 Cr
EBITDA100 Cr100 Cr109 Cr104 Cr117 Cr119 Cr122 Cr121 Cr127 Cr127 Cr142 Cr135 Cr
OPM %10.1%10.0%10.1%9.9%10.4%10.3%10.3%10.6%10.5%10.2%10.8%10.8%
Other income11 Cr10 Cr17 Cr11 Cr11 Cr7 Cr18 Cr11 Cr13 Cr12 Cr12 Cr6 Cr
Interest3 Cr4 Cr4 Cr4 Cr5 Cr6 Cr6 Cr5 Cr6 Cr6 Cr6 Cr7 Cr
Depreciation31 Cr33 Cr33 Cr29 Cr29 Cr31 Cr29 Cr29 Cr31 Cr32 Cr36 Cr36 Cr
Profit before tax97 Cr91 Cr106 Cr103 Cr118 Cr111 Cr127 Cr118 Cr126 Cr124 Cr132 Cr117 Cr
Tax %9.9%11.9%2.6%10.7%9.2%8.3%9.5%9.0%9.9%6.4%6.0%8.7%
Net profit88 Cr80 Cr103 Cr92 Cr107 Cr102 Cr115 Cr107 Cr114 Cr116 Cr125 Cr107 Cr
EPS (₹)₹11.21₹10.23₹13.15₹11.70₹13.68₹13.04₹14.80₹13.90₹14.69₹14.96₹16.12₹13.77

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,943 Cr2,346 Cr2,754 Cr2,718 Cr2,802 Cr3,257 Cr3,783 Cr4,024 Cr4,492 Cr4,917 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,781 Cr2,133 Cr2,504 Cr2,477 Cr2,541 Cr2,848 Cr3,359 Cr3,614 Cr4,031 Cr4,400 CrSign in free for the trailing twelve months
EBITDA162 Cr213 Cr250 Cr241 Cr261 Cr409 Cr424 Cr411 Cr461 Cr517 CrSign in free for the trailing twelve months
OPM %8.3%9.1%9.1%8.8%9.3%12.6%11.2%10.2%10.3%10.5%Sign in free for the trailing twelve months
Other income12 Cr18 Cr20 Cr20 Cr25 Cr20 Cr30 Cr46 Cr47 Cr48 CrSign in free for the trailing twelve months
Interest30 Cr32 Cr37 Cr34 Cr27 Cr13 Cr10 Cr13 Cr20 Cr23 CrSign in free for the trailing twelve months
Depreciation59 Cr69 Cr77 Cr82 Cr93 Cr113 Cr121 Cr128 Cr118 Cr127 CrSign in free for the trailing twelve months
Profit before tax100 Cr152 Cr179 Cr159 Cr174 Cr330 Cr364 Cr388 Cr459 Cr500 CrSign in free for the trailing twelve months
Tax %19.0%18.8%18.7%10.0%13.7%11.4%11.9%8.7%9.4%8.0%Sign in free for the trailing twelve months
Net profit81 Cr124 Cr145 Cr143 Cr150 Cr293 Cr321 Cr355 Cr416 Cr460 CrSign in free for the trailing twelve months
EPS (₹)₹10.61₹16.08₹18.84₹18.54₹19.12₹37.50₹40.96₹45.18₹53.43₹59.49Sign in free for the trailing twelve months
Dividend payout %————6.4%14.0%16.9%15.5%18.6%15.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr16 Cr16 Cr15 Cr15 Cr
Reserves631 Cr746 Cr877 Cr1,009 Cr1,154 Cr1,415 Cr1,686 Cr1,988 Cr2,139 Cr2,551 Cr
Borrowings380 Cr395 Cr414 Cr369 Cr235 Cr62 Cr63 Cr157 Cr155 Cr219 Cr
Other liabilities199 Cr236 Cr305 Cr285 Cr326 Cr307 Cr306 Cr307 Cr433 Cr658 Cr
Total liabilities1,229 Cr1,398 Cr1,616 Cr1,683 Cr1,739 Cr1,827 Cr2,101 Cr2,501 Cr2,780 Cr3,482 Cr
Fixed assets (net)541 Cr625 Cr726 Cr748 Cr738 Cr721 Cr718 Cr761 Cr823 Cr1,042 Cr
CWIP57 Cr56 Cr4 Cr22 Cr5 Cr7 Cr26 Cr109 Cr255 Cr343 Cr
Investments87 Cr104 Cr117 Cr135 Cr150 Cr193 Cr286 Cr543 Cr411 Cr492 Cr
Loans & advances——24 Cr23 Cr12 Cr1 Cr1 Cr1 Cr2 Cr2 Cr
Inventories3 Cr3 Cr5 Cr7 Cr7 Cr8 Cr5 Cr11 Cr7 Cr15 Cr
Trade receivables358 Cr425 Cr515 Cr487 Cr511 Cr508 Cr561 Cr601 Cr722 Cr816 Cr
Cash & bank17 Cr13 Cr10 Cr13 Cr34 Cr68 Cr170 Cr83 Cr51 Cr93 Cr
Other assets167 Cr171 Cr214 Cr249 Cr281 Cr320 Cr334 Cr394 Cr510 Cr679 Cr
Total assets1,229 Cr1,398 Cr1,616 Cr1,683 Cr1,739 Cr1,827 Cr2,101 Cr2,501 Cr2,780 Cr3,482 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity99 Cr180 Cr179 Cr252 Cr305 Cr368 Cr361 Cr299 Cr359 Cr444 Cr
Cash from investing-122 Cr-154 Cr-158 Cr-145 Cr-106 Cr-76 Cr-193 Cr-404 Cr-99 Cr-367 Cr
Cash from financing32 Cr-30 Cr-24 Cr-104 Cr-178 Cr-258 Cr-65 Cr18 Cr-292 Cr-35 Cr
Net cash flow8 Cr-4 Cr-3 Cr3 Cr21 Cr34 Cr102 Cr-87 Cr-32 Cr42 Cr
Free cash flow (OCF − Capex)-17 Cr21 Cr14 Cr105 Cr149 Cr292 Cr205 Cr57 Cr5 Cr31 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.7%15.9%16.5%13.8%14.2%22.6%20.8%18.3%20.4%18.5%
ROE %12.4%16.1%16.1%13.8%12.5%19.9%18.3%17.2%18.8%17.7%
Debtor days67666865665754545960
Inventory days0111110111
Days payable7999101076920
Cash conversion cycle61576058574847495042
OCF / EBITDA %61.0%84.7%71.8%104.9%116.6%90.0%85.1%72.9%77.9%85.9%
OCF / EBITDA % (3 years)——73.4%87.0%98.0%101.6%94.5%82.7%78.7%79.4%
Debt / equity0.590.520.460.360.200.040.040.080.070.09
Current ratio1.211.301.411.501.762.853.854.543.452.68
Net debt / EBITDA2.231.801.621.480.77-0.01-0.250.180.230.24