NSE: TCIEXP | BSE: 540212

Mid-range Performer

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696.25 3.75 (0.54%)

40.49% Fall from 52W High

11,535 NSE+BSE Volume

NSE 22 Aug, 2025 3:31 PM (IST)

2,673.1

Market Cap

High in industry

0.5

Beta 1Year

Very Low volatility

TCI Express Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TCIEXP, BSE:540212 TCI Express Ltd.

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TCI Express Ltd.

18 Aug 2025

696.25

0.54%

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 Ltd. has an average target of 857.40 from 5 brokers.

TCI Express Ltd.

18 Aug 2025

696.25

0.54%

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

696.25

0.54%

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 Ltd. has an average target of 857.40 from 5 brokers.

TCI Express Ltd.

15 Aug 2025

696.25

0.54%

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 Ltd. has an average target of 857.40 from 5 brokers.

TCI Express Ltd.

01 Jun 2025

696.25

0.54%

TCI Express (TCIEXP IN) Q4FY25 Result Update Volume...

Hold: TCI Express Ltd.

Recommendation Target

Prabhudas Lilladhar

Revenue declined by 3.0% YoY: Revenue decreased by 3.0% YoY to Rs3,075mn (PLe Rs3,033mn) on account of lower volumes. Gross margin declined to 28.3% Rs341mn) on account of higher operational expenses like toll tax and labor cost....

TCI Express Ltd. is trading below all available SMAs

TCI Express Ltd.

31 May 2025

696.25

0.54%

Weak volumes, especially from SME customers, continue to hurt margin and profitability

Neutral: TCI Express Ltd.

Target

Motilal Oswal

TCI Express (TCIE)’s 4QFY25 revenue decreased 3% YoY to INR3.1b (+4% QoQ), in line with our estimate. Volumes declined 1% YoY in 4QFY25. Volumes were hit by slower growth in the SME segment.

ICICI Securities Limited decreased Buy price target of TCI Express Ltd. to 900.0 on 18 Aug, 2025.

TCI Express Ltd.

07 Feb 2025

696.25

0.54%

TCI EXPRESS LIMITED

Buy: TCI Express Ltd.

Recommendation Target

Prabhudas Lilladhar

ICICI Securities Limited decreased Buy price target of TCI Express Ltd. to 900.0 on 18 Aug, 2025.

TCI Express Ltd.

07 Feb 2025

696.25

0.54%

Industry headwinds mar performance

Buy: TCI Express Ltd.

Target

ICICI Securities Limited

TCI Express’ (TCIE) Q3FY25 EBITDA of INR 289mn was 22.9% below our estimates. Volume declined 3.2% YoY due to subdued demand. EBITDA margin slipped to 9.8% (lowest since Q2FY21) on account of a volume dip, higher operating costs and unabsorbed fixed cost.

TCI Express Ltd. has an average target of 857.40 from 5 brokers.

TCI Express Ltd.

06 Feb 2025

696.25

0.54%

Weak volumes, especially from SME customers, continue to hurt margin and profitability

Neutral: TCI Express Ltd.

Recommendation Target

Motilal Oswal

TCI Express (TCIE)’s 3QFY25 revenue decreased 5% YoY to ~INR3b (10% below our estimate), while volumes declined 3% YoY. Volumes were hit by slower growth in the manufacturing, automobiles, and consumer durables sectors.