NSEI:TCIEXP

Stock Analysis Report

Executive Summary

TCI Express Limited provides express delivery solutions in India and internationally.


Snowflake Analysis

Solid track record with excellent balance sheet.

Share Price & News

How has TCI Express's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TCIEXP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.9%

TCIEXP

4.6%

IN Logistics

1.4%

IN Market


1 Year Return

-23.8%

TCIEXP

-46.7%

IN Logistics

-30.7%

IN Market

Return vs Industry: TCIEXP exceeded the Indian Logistics industry which returned -47% over the past year.

Return vs Market: TCIEXP exceeded the Indian Market which returned -29.6% over the past year.


Shareholder returns

TCIEXPIndustryMarket
7 Day-2.9%4.6%1.4%
30 Day-34.1%-34.8%-24.8%
90 Day-25.7%-32.1%-30.6%
1 Year-23.3%-23.8%-46.2%-46.7%-29.3%-30.7%
3 Year37.1%34.8%-53.1%-54.3%-18.1%-22.6%
5 Yearn/a-67.8%-68.9%-7.2%-12.2%

Price Volatility Vs. Market

How volatile is TCI Express's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TCI Express undervalued compared to its fair value and its price relative to the market?

22.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TCIEXP (₹543.05) is trading above our estimate of fair value (₹141.6)

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


Price To Earnings Ratio

PE vs Industry: TCIEXP is poor value based on its PE Ratio (22.7x) compared to the Logistics industry average (10.2x).

PE vs Market: TCIEXP is poor value based on its PE Ratio (22.7x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TCIEXP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TCIEXP is overvalued based on its PB Ratio (6.9x) compared to the IN Logistics industry average (0.7x).


Next Steps

Future Growth

How is TCI Express forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

58.3%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TCI Express has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has TCI Express performed over the past 5 years?

43.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCIEXP has high quality earnings.

Growing Profit Margin: TCIEXP's current net profit margins (8.7%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: TCIEXP has become profitable over the past 5 years, growing earnings by 43.5% per year.

Accelerating Growth: TCIEXP's earnings growth over the past year (33.3%) is below its 5-year average (43.5% per year).

Earnings vs Industry: TCIEXP earnings growth over the past year (33.3%) exceeded the Logistics industry -1.9%.


Return on Equity

High ROE: TCIEXP's Return on Equity (29.6%) is considered high.


Next Steps

Financial Health

How is TCI Express's financial position?


Financial Position Analysis

Short Term Liabilities: TCIEXP's short term assets (₹2.2B) exceed its short term liabilities (₹955.2M).

Long Term Liabilities: TCIEXP's short term assets (₹2.2B) exceed its long term liabilities (₹65.9M).


Debt to Equity History and Analysis

Debt Level: TCIEXP's debt to equity ratio (1.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TCIEXP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TCIEXP's debt is well covered by operating cash flow (2021.6%).

Interest Coverage: TCIEXP's interest payments on its debt are well covered by EBIT (195.4x coverage).


Balance Sheet

Inventory Level: TCIEXP has a high level of physical assets or inventory.

Debt Coverage by Assets: TCIEXP's debt is covered by short term assets (assets are 62.4x debt).


Next Steps

Dividend

What is TCI Express's current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TCIEXP's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.94%).

High Dividend: TCIEXP's dividend (0.74%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TCIEXP has been paying a dividend for less than 10 years.

Growing Dividend: TCIEXP's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15%), TCIEXP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Phool Sharma (57yo)

no data

Tenure

₹40,682,000

Compensation

Mr. Phool Chand Sharma, AMP, has been the Chief Executive Officer & President of TCI EXPRESS at Transport Corporation of India Limited since October 3, 2016. Mr. Sharma serves as Chief Executive Officer of ...


CEO Compensation Analysis

Compensation vs Market: Phool's total compensation ($USD540.27K) is above average for companies of similar size in the Indian market ($USD337.71K).

Compensation vs Earnings: Phool's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Phool Sharma
CEO & Whole Time Directorno data₹40.68m0.092% 19.3m
Chander Agarwal
MD & Executive Director4.5yrs₹65.55m3.36% 699.3m
Ashok Ladha
Independent Director3.67yrs₹680.00kno data
Vineet Agarwal
Non-Executive Director4.5yrs₹500.00k2.62% 545.2m
Dharmpal Agarwal
Chairmanno data₹500.00k12.65% 2.6b
Murali Chevuturi
Independent Director3.67yrs₹745.00kno data
Prashant Jain
Independent Director3.67yrs₹500.00kno data
Taruna Singhi
Independent Director3.25yrs₹500.00kno data

3.7yrs

Average Tenure

61yo

Average Age

Experienced Board: TCIEXP's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TCIEXP insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TCI Express Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TCI Express Limited
  • Ticker: TCIEXP
  • Exchange: NSEI
  • Founded: 1996
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: ₹20.829b
  • Shares outstanding: 38.36m
  • Website: https://www.tciexpress.in

Number of Employees


Location

  • TCI Express Limited
  • TCI House
  • 69, Institutional Area
  • Gurugram
  • Haryana
  • 122001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TCIEXPNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2016
540212BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2016

Biography

TCI Express Limited provides express delivery solutions in India and internationally. The company provides services, including surface express; reverse express; domestic and international air express; and e-commerce express for the automotive, pharmaceutical, retail, engineering, apparel, e-commerce, and other industries. It has approximately 40,000 pickup and delivery points with approximately 5,000 containerized vehicles. The company was formerly known as TCI Properties (Pune) Limited. TCI Express Limited was founded in 1996 and is based in Gurugram, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 14:26
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.