TCI Express Ltd. share price target

We met the CFO of TCI Express (TCIE), Mr. Mukti Lal (on Dec 20th, 2022), to understand the company’s future prospects and expansion plans.

TCI Express (TCIE) posted its all-time high quarterly revenues at Rs3.1bn (up 13% YoY) primarily on better volumes.

The Express Logistics industry is expected to clock robust growth, with: a) growing demand for faster delivery, b) improved road connectivity, reducing the turnaround time, c) growth in e-commerce, and d) reforms like GST....

What should investors do? TCI has been consistently delivering strong profitable growth (within a competitive environment), helped by its infrastructure of owned IT enabled branches (provides better execution and customer feedback loop)....

PAT grew 45% to | 34 crore due to strong operating performance What should investors do? Building pan-India owned branches and sorting centres in every major city supported by IT enabled transportation infrastructure is...

Robust volume growth in Q2 a reflection of improving macros. Network expansion and new sorting centre to sustain growth

Profitability continues to soar to newer heights TCI Express continued to post a recovery in profitability in FY21 (EBITDA margin expansion by 410 bps), in-spite of lower operating leverage (volumes down 17% in FY21), as the management employed cost control measures, realisation hikes, passage of crude oil price rise to most of the customers and continued to pick only profitable sales. The management expects the expansion in EBITDA margins to continue from here on (100 bps each year), aided mainly by volume growth, as it expects the SME sector to bounce...