TCI Express News and Updates

Name: Latest research reports of TCI Express Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: TCI Express Ltd.
Rating: 3
Author: Prabhudas Lilladhar

Keep track of all breaking news on TCI Express from all sources in a single place.

TCI Express Ltd.

07 Nov 2025

578.90

0.30%

TCI Express (TCIEXP IN) Q2FY26 Result Update Volumes...

Hold: TCI Express Ltd.

Target

Prabhudas Lilladhar

TCI Express has lost -22.63% in the last 6 Months

TCI Express Ltd.

07 Nov 2025

578.90

0.30%

In-line performance; margins and volumes expected to improve sequentially

Buy: TCI Express Ltd.

ICICI Securities Limited

TCI Express (TCIE)’s Q2FY26 EBITDA of INR 33.5mn was broadly in line with consensus estimates. Volumes were largely stable at 248kte (250kte in Q2FY25). EBITDA margin improved QoQ to 10.9% (vs. 9.8% in Q1FY26 and 11.8% in Q2FY25), mainly on account of 25bps price hike and cost stabilisation and optimisation.

TCI Express has lost -29.68% in the last 1 Year

TCI Express Ltd.

06 Nov 2025

578.90

0.30%

to see Rapid results content

TCI Express Ltd.

06 Nov 2025

578.90

0.30%

Steady 2Q; volume and margins likely to recover as demand from the SME segment improves

Neutral: TCI Express Ltd.

Target

Motilal Oswal

TCI Express (TCIE)’s 2QFY26 revenue was flat YoY at INR3.08b (+8% QoQ), in line with our estimate. Volume growth was flat YoY, hit by the GST rate cut.

TCI Express Ltd. is trading below all available SMAs

TCI Express Ltd.

30 Sep 2025

578.90

0.30%

Motilal Oswal sounds near-term caution on TCI Express; Here's why

Business Standard

Motilal Oswal retained its 'Neutral' rating on the stock with a target price of 730 per share, against Monday's close of 728 apiece.

TCI Express has lost -22.63% in the last 6 Months

TCI Express Ltd.

29 Sep 2025

578.90

0.30%

Near-term outlook remains bleak due to elevated competition and weak volumes

Neutral: TCI Express Ltd.

Motilal Oswal

We maintain a neutral stance on TCI Express (TCIE) due to ongoing challenges in volume and profitability.

TCI Express has lost -22.63% in the last 6 Months

TCI Express Ltd.

18 Aug 2025

578.90

0.30%

TCI Express (TCIEXP IN) Q1FY26 Result Update Volumes...

Hold: TCI Express Ltd.

Target

Prabhudas Lilladhar

We cut our EPS estimates by 14%/9% for FY26E/FY27E amid persistent volume growth challenges and pricing pressure. TCIEXP IN reported weak set of results as revenues declined 2.1% YoY to Rs2,868mn (PLe Rs2,950mn) with an EBITDA margin of 9.8% (PLe 11.4%) as volumes declined for 7th quarter in a row to 233,000 MT (auto was the key segment facing challenges this time). Pricing pressure was also evident as realization was down 1.3% YoY to Rs12.3 per KG. Given stiff competition, we expect volume and realization CAGR of 4%/1% over...

TCI Express has lost -29.68% in the last 1 Year

TCI Express Ltd.

18 Aug 2025

578.90

0.30%

Attractive valuation; margins likely to have bottomed out

Buy: TCI Express Ltd.

Target

ICICI Securities Limited

TCI Express’ (TCIE) Q1FY26 EBITDA was slightly below consensus estimates. Volume fell 0.9% YoY to 233kte
(235kte in Q1FY25) on subdued demand. EBITDA margin improved QoQ to 9.8% (vs. 8.5% in Q4FY25 and 11.2% in Q1FY25), mainly on account of 75bps price hike and stable variable costs in Q1.

TCI Express Ltd. is trading below all available SMAs

TCI Express Ltd.

15 Aug 2025

578.90

0.30%

Q1 print in line with muted expectations

Sell: TCI Express Ltd.

Emkay

TCI Express (TCIE)’s Q1FY26 results were in line with our muted expectations. The company’s efforts to diversify business beyond surface express seem to be fructifying, as international air express/C2C segments registered 33%/14% YoY growth, respectively.

TCI Express has lost -22.63% in the last 6 Months

TCI Express Ltd.

15 Aug 2025

578.90

0.30%

Weak operating performance yet again; outlook remains soft

Neutral: TCI Express Ltd.

Target

Motilal Oswal

TCI Express’s (TCIE) 1QFY26 revenue declined 2% YoY to INR2.9b (-7% QoQ), 9% below our estimate. Volumes declined ~1% YoY in 1QFY25, impacted by slower growth in the SME segment.

TCI Express has lost -22.63% in the last 6 Months

Is TCI Express Ltd. worth buying?

105 Votes:

Buy 82.86%

Sell 8.57%

Hold 8.57%

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