Transport Corporation of India Limited

NSEI:TCI Stock Report

Market Cap: ₹90.2b

Transport Corporation of India Valuation

Is TCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TCI (₹1177) is trading above our estimate of fair value (₹441.62)

Significantly Below Fair Value: TCI is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TCI?

Other financial metrics that can be useful for relative valuation.

TCI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA20.4x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does TCI's PE Ratio compare to its peers?

The above table shows the PE ratio for TCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average71.1x
GATEWAY Gateway Distriparks
18.1x12.2%₹43.9b
ALLCARGO Allcargo Logistics
168.4x90.9%₹54.7b
TCIEXP TCI Express
33.5x15.4%₹37.2b
526612 Blue Dart Express
64.6x22.2%₹189.2b
TCI Transport Corporation of India
23.8x14.5%₹90.2b

Price-To-Earnings vs Peers: TCI is good value based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (71.1x).


Price to Earnings Ratio vs Industry

How does TCI's PE Ratio compare vs other companies in the IN Logistics Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a54.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a54.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TCI is good value based on its Price-To-Earnings Ratio (23.8x) compared to the Indian Logistics industry average (24.6x).


Price to Earnings Ratio vs Fair Ratio

What is TCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio29.4x

Price-To-Earnings vs Fair Ratio: TCI is good value based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,177.00
₹1,232.78
+4.7%
9.9%₹1,400.00₹1,026.00n/a9
Oct ’25₹1,083.95
₹1,176.67
+8.6%
9.6%₹1,400.00₹985.00n/a9
Sep ’25₹1,085.90
₹1,168.80
+7.6%
7.9%₹1,341.00₹985.00n/a10
Aug ’25₹1,021.60
₹1,160.00
+13.5%
8.2%₹1,341.00₹985.00n/a10
Jul ’25₹923.75
₹1,093.33
+18.4%
10.5%₹1,341.00₹940.00n/a9
Jun ’25₹837.20
₹1,093.33
+30.6%
10.5%₹1,341.00₹940.00n/a9
May ’25₹877.30
₹1,054.22
+20.2%
10.2%₹1,341.00₹977.00n/a9
Apr ’25₹820.85
₹1,068.00
+30.1%
10.4%₹1,341.00₹977.00n/a9
Mar ’25₹824.40
₹1,071.11
+29.9%
10.2%₹1,341.00₹977.00n/a9
Feb ’25₹972.90
₹953.70
-2.0%
5.8%₹1,046.00₹845.00n/a10
Jan ’25₹831.80
₹945.89
+13.7%
6.1%₹1,046.00₹845.00n/a9
Dec ’24₹858.15
₹945.89
+10.2%
6.1%₹1,046.00₹845.00n/a9
Nov ’24₹795.95
₹929.56
+16.8%
6.5%₹1,046.00₹845.00₹1,083.009
Oct ’24₹783.75
₹889.78
+13.5%
3.9%₹963.00₹845.00₹1,083.959
Sep ’24₹812.10
₹889.78
+9.6%
3.9%₹963.00₹845.00₹1,085.909
Aug ’24₹760.15
₹860.25
+13.2%
7.0%₹972.00₹755.00₹1,021.608
Jul ’24₹716.40
₹847.43
+18.3%
8.7%₹972.00₹755.00₹923.757
Jun ’24₹704.30
₹842.75
+19.7%
8.3%₹972.00₹755.00₹837.208
May ’24₹633.85
₹828.75
+30.7%
7.0%₹895.00₹750.00₹877.308
Apr ’24₹626.85
₹828.75
+32.2%
7.0%₹895.00₹750.00₹820.858
Mar ’24₹646.20
₹839.44
+29.9%
6.2%₹895.00₹750.00₹824.409
Feb ’24₹618.25
₹842.50
+36.3%
5.0%₹890.00₹750.00₹972.908
Jan ’24₹619.00
₹842.50
+36.1%
3.6%₹895.00₹810.00₹831.808
Dec ’23₹674.20
₹842.50
+25.0%
3.6%₹895.00₹810.00₹858.158
Nov ’23₹694.65
₹857.86
+23.5%
2.8%₹895.00₹810.00₹795.957

Analyst Forecast: Target price is less than 20% higher than the current share price.


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