|
17 Jul 2025 |
TCI Express
|
Consensus Share Price Target
|
747.60 |
838.45 |
- |
12.15 |
buy
|
|
|
|
|
01 Jun 2025
|
TCI Express
|
Prabhudas Lilladhar
|
747.60
|
816.00
|
761.30
(-1.80%)
|
Target met |
Hold
|
|
|
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....
|
|
31 May 2025
|
TCI Express
|
Motilal Oswal
|
747.60
|
710.00
|
761.30
(-1.80%)
|
-5.03 |
Neutral
|
|
|
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.
|
|
07 Feb 2025
|
TCI Express
|
Prabhudas Lilladhar
|
747.60
|
1021.00
|
750.35
(-0.37%)
|
36.57 |
Buy
|
|
|
|
|
07 Feb 2025
|
TCI Express
|
ICICI Securities Limited
|
747.60
|
921.00
|
750.35
(-0.37%)
|
23.19 |
Buy
|
|
|
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.
|
|
06 Feb 2025
|
TCI Express
|
Motilal Oswal
|
747.60
|
785.00
|
797.50
(-6.26%)
|
Target met |
Neutral
|
|
|
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.
|
|
31 Oct 2024
|
TCI Express
|
Prabhudas Lilladhar
|
747.60
|
1119.00
|
973.85
(-23.23%)
|
49.68 |
Accumulate
|
|
|
|
|
31 Oct 2024
|
TCI Express
|
Sharekhan
|
747.60
|
1250.00
|
973.85
(-23.23%)
|
67.20 |
Buy
|
|
|
We retain a Buy with a revised PT of Rs. 1,250, factoring in a downward revision of estimates and expecting a revival in growth from FY2026.
|
|
14 Aug 2024
|
TCI Express
|
ICICI Securities Limited
|
747.60
|
1300.00
|
1055.45
(-29.17%)
|
73.89 |
Buy
|
|
|
TCI Express (TCIE) Q1FY25 EBITDA was significantly below our/consensus estimates, mainly on account of underutilised capacity, higher operating cost and unabsorbed fixed cost.
|
|
14 Aug 2024
|
TCI Express
|
Sharekhan
|
747.60
|
1350.00
|
1055.45
(-29.17%)
|
80.58 |
Buy
|
|
|
We retain a Buy on TCI Express with a revised PT of Rs. 1,350, factoring in a downward revision of estimates and expecting a revival in growth from H2FY2025.
|
|
13 Aug 2024
|
TCI Express
|
Motilal Oswal
|
747.60
|
1400.00
|
1129.05
(-33.79%)
|
87.27 |
Buy
|
|
|
TCI Express (TCIE)’s 1QFY25 revenue decreased 4% YoY to ~INR2.9b (7% below our estimate), while volumes declined 2% YoY. Volumes were temporarily hit by the general elections.
|
|
25 Jun 2024
|
TCI Express
|
Prabhudas Lilladhar
|
747.60
|
1410.00
|
1163.55
(-35.75%)
|
|
Buy
|
|
|
|
|
19 Oct 2023
|
TCI Express
|
ICICI Securities Limited
|
747.60
|
1775.00
|
1368.25
(-45.36%)
|
|
Buy
|
|
|
TCI Express (TCIE)’s Q2FY24 EBITDA was in line with our estimates but missed street’s estimates by 5.2%. Key points: 1) EBITDA margin expanded by 55bps QoQ due to improved utilisation levels, price hike and additional contribution from non-surface business. 2) Volume was up a mere 2% YoY/ 5% QoQ owing to lower traction in lifestyle and consumer durables segments. 3) 12 new branches were added in H1FY24.
|
|
08 Aug 2023
|
TCI Express
|
Hem Securities
|
747.60
|
1810.00
|
1458.45
(-48.74%)
|
|
Buy
|
|
|
|
|
05 Aug 2023
|
TCI Express
|
ICICI Securities Limited
|
747.60
|
1775.00
|
1525.00
(-50.98%)
|
|
Buy
|
|
|
TCI Express’ (TCIE) Q1FY24 EBITDA performance missed our and street’s estimates by 3% and 12%, respectively. Key points: 1) EBITDA margin recovered by 50bps YoY due to a combination of sorting centre efficiencies, price hike and better fill factor; 2) volume was up 4.3% YoY despite a challenging macro environment; 3) revenue share of other services rose to 17% (Q1FY23: 15%); and 4) focus remains on pursuing profitability than just growth.
|
|
01 Aug 2023
|
TCI Express
|
Motilal Oswal
|
747.60
|
1900.00
|
1556.30
(-51.96%)
|
|
Buy
|
|
|
|
|
09 Jun 2023
|
TCI Express
|
Motilal Oswal
|
747.60
|
1850.00
|
1648.80
(-54.66%)
|
|
Buy
|
|
|
|
|
30 May 2023
|
TCI Express
|
ICICI Securities Limited
|
747.60
|
1775.00
|
1518.45
(-50.77%)
|
|
Buy
|
|
|
TCI Express’ (TCIE) Q4FY23 EBITDA performance surpassed our estimates by ~12.7% primarily on higher volumes and better capacity utilisation leading to higher margins. Key points: 1) Truck utilisation improved to ~85% in Q4FY23 vs average of 84.25% in FY23; 2) EBITDA margin expanded by 190bps QoQ to 16.6% (vs 16.8% in Q4FY22 and 14.7% in Q3FY23).
|
|
30 May 2023
|
TCI Express
|
ICICI Direct
|
747.60
|
1850.00
|
1595.60
(-53.15%)
|
|
Buy
|
|
|
|
|
29 May 2023
|
TCI Express
|
Sharekhan
|
747.60
|
2070.00
|
1587.25
(-52.90%)
|
|
Buy
|
|
|
|
|
29 May 2023
|
TCI Express
|
Motilal Oswal
|
747.60
|
1780.00
|
1518.45
(-50.77%)
|
|
Buy
|
|
|
|