TCI Express Limited

BSE: TCIEXP540212ISIN INE586V01016

Services
Logistics Solution Provider
BSE 1000

Share price

₹501.80+5.45 (+1.10%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹699.00
52W low: ₹447.00
Off 52W high: -28.21%
1M return: +1.51%
3M return: -12.74%
6M return: -6.37%
1Y return: -27.07%
20D avg volume: 2,755
50 DMA: ₹503.33
200 DMA: ₹524.00

Key ratios Consolidated

Market cap: ₹1,929 Cr
Current price: ₹501.80
52W high / low: ₹699.00 / ₹447.00
Face value: ₹2.00
P/E: 23.39
P/B: 2.35
EPS (TTM): ₹21.45
Book value / share: ₹213.23
ROE: —
ROCE: 12.60%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹17.05 Cr
Interest cover: 52.81
Dividend yield: 1.40%
Dividend / share (TTM): ₹7.00
Payout: 32.63%
Cash conversion cycle: 46.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	313.40	328.08	314.05	308.53	286.75	307.28	296.47	311.54	292.98	317.11	311.86	319.98
	4.03	3.77	3.49	4.24	3.76	6.13	2.57	2.47	2.28	1.93	1.97	1.77
	317.43	331.85	317.54	312.77	290.51	313.41	299.04	314.01	295.26	319.04	313.83	321.75
	289.79	307.06	287.92	280.82	264.22	287.41	273.12	280.42	265.61	277.53	271.39	274.60
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	38.19	38.55	36.60	35.57	35.15	35.71	35.39	35.29	34.61	33.55	33.55	33.45
	0.78	1.21	0.31	0.38	0.26	0.47	0.26	0.33	0.27	0.40	0.33	0.35
	7.03	9.30	6.03	5.42	5.26	5.93	5.30	5.31	5.08	4.86	4.77	4.72
	243.79	258.00	244.98	239.45	223.55	245.30	19.13	19.72	16.77	21.70	18.49	17.81
	27.64	24.79	29.62	31.95	26.29	26.00	25.92	33.59	29.65	41.51	42.44	47.15
	0.00	-2.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.64	22.51	29.62	31.95	26.29	26.00	25.92	33.59	29.65	41.51	42.44	47.15
	7.15	6.48	7.59	8.04	6.82	6.64	6.73	8.66	7.35	9.92	10.25	11.57
	20.49	16.03	22.03	23.91	19.47	19.36	19.19	24.93	22.30	31.59	32.19	35.58
	5.20	4.77	5.74	6.23	5.13	5.05	5.00	6.49	5.82	8.24	8.40	9.27
Key metrics
	35.45	33.02	35.96	37.75	31.81	32.40	31.48	39.23	35.00	46.77	47.54	52.22
	11.30%	10.10%	11.50%	12.20%	11.10%	10.50%	10.60%	12.60%	11.90%	14.70%	15.20%	16.30%
	6.50%	4.90%	7.00%	7.70%	6.80%	6.30%	6.50%	8.00%	7.60%	10.00%	10.30%	11.10%
	—	2.70%	—	3.90%	—	3.40%	—	—	—	—	—	—
	9.30%	6.80%	5.90%	-1.00%	-2.10%	-3.10%	-4.90%	-2.60%	—	—	—	—
	5.20%	-17.20%	14.80%	-4.10%	-12.70%	-38.70%	-40.40%	-29.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	1,264	1,238	1,208	1,254	1,241
	15.53	15.26	13.44	7.15	7.17
	1,280	1,253	1,222	1,261	1,248
	1,166	1,140	1,107	1,087	1,064
	0.00	0.00	0.00	—	—
	0.00	0.00	0.00	—	—
	148.91	145.87	141.01	133.87	124.29
	2.68	2.13	1.31	1.47	1.81
	27.78	25.74	21.62	18.95	15.31
	986.22	966.41	942.59	74.14	72.54
	114.00	112.64	115.18	173.97	184.53
	-2.28	-2.28	0.00	0.00	0.00
	111.72	110.36	115.18	173.97	184.53
	29.26	28.93	29.37	42.28	45.25
	82.46	81.43	85.81	131.69	139.28
	21.94	21.21	22.36	34.36	36.24
Key metrics
	142.18	138.23	138.11	194.39	201.65
	11.25%	11.20%	11.40%	15.50%	16.20%
	6.52%	6.60%	7.10%	10.50%	11.20%
	—	12.60%	14.90%	—	—
	5.16%	2.40%	-3.60%	1.00%	—
	-0.59%	-5.10%	-34.80%	-5.40%	—
	—	-23.87	67.81	—	—
	—	1.25	1.38	—	—
	—	0.04	0.00	—	—
	—	17.05	-11.75	—	—
	—	46.4	39.7	—	—
Balance sheet
	—	1,025	918.65	—	—
	—	420.41	431.12	—	—
	—	16.11	11.75	—	—
	—	238.65	225.89	—	—
	—	0.00	0.00	—	—
	—	—	25.57	—	—
	—	495.67	457.50	—	—
	—	81.36	94.35	—	—
	—	134.96	134.76	—	—
	—	33.16	0.00	—	—
	—	1.96	0.00	—	—
	—	31.20	0.00	—	—
	—	818.80	764.41	—	—
Cash flow
	—	101.43	118.42	—	—
	—	-88.94	-91.49	—	—
	—	-8.13	-32.19	—	—
	—	125.30	50.61	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	311.95	326.83	314.05	308.53	286.75	307.49	296.32	311.48	292.98	317.11	311.86	319.98
	3.36	4.29	3.08	3.45	3.44	5.56	2.57	2.46	2.28	1.93	1.97	1.77
	315.31	331.12	317.13	311.98	290.19	313.05	298.89	313.94	295.26	319.04	313.83	321.75
	285.78	303.87	286.66	278.79	262.33	285.75	271.48	278.96	264.80	277.53	271.39	274.60
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	36.36	36.80	35.32	34.36	33.99	34.67	34.22	34.31	33.81	33.55	33.55	33.45
	0.67	1.04	0.27	0.33	0.25	0.47	0.26	0.25	0.27	0.40	0.33	0.35
	6.79	9.11	5.97	5.33	5.26	5.93	5.29	5.31	5.08	4.86	4.77	4.72
	241.96	256.92	245.10	238.77	222.83	244.68	18.67	19.33	16.76	21.70	18.49	17.81
	29.53	27.25	30.47	33.19	27.86	27.30	27.41	34.98	30.46	41.51	42.44	47.15
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	29.53	27.25	30.47	33.19	27.86	27.30	27.41	34.98	30.46	41.51	42.44	47.15
	7.15	6.48	7.59	8.04	6.82	6.64	6.73	8.66	7.35	9.92	10.25	11.57
	22.38	20.77	22.88	25.15	21.04	20.66	20.68	26.32	23.11	31.59	32.19	35.58
	5.69	5.41	5.96	6.55	5.55	5.38	5.39	6.86	6.04	8.24	8.40	9.27
Key metrics
	36.99	37.40	36.71	38.85	33.37	33.70	32.96	40.54	35.81	46.77	47.54	52.22
	11.90%	11.40%	11.70%	12.60%	11.60%	11.00%	11.10%	13.00%	12.20%	14.70%	15.20%	16.30%
	7.20%	6.40%	7.30%	8.20%	7.30%	6.70%	7.00%	8.40%	7.90%	10.00%	10.30%	11.10%
	—	3.30%	—	4.00%	—	3.50%	—	—	—	—	—	—
	8.80%	6.30%	6.00%	-0.90%	-2.10%	-3.00%	-5.00%	-2.70%	—	—	—	—
	6.40%	0.50%	10.60%	-4.40%	-9.00%	-34.60%	-35.80%	-26.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,261	1,236	1,208	1,254	1,241	1,081
	14.18	14.26	12.87	7.15	7.17	8.17
	1,276	1,250	1,221	1,261	1,248	1,090
	1,155	1,132	1,101	1,087	1,064	917.63
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	142.84	140.47	137.02	133.87	124.29	109.94
	2.31	1.87	1.25	1.47	1.81	0.91
	27.20	25.39	21.61	18.95	15.31	9.98
	982.75	963.92	941.12	74.14	72.54	63.83
	120.44	118.77	120.14	173.97	184.53	172.01
	0.00	0.00	0.00	—	—	—
	120.44	118.77	120.14	173.97	184.53	172.01
	29.26	28.93	29.37	42.28	45.25	43.16
	91.18	89.84	90.77	131.69	139.28	128.85
	23.61	23.39	23.66	34.36	36.24	33.48
Key metrics
	149.95	146.03	143.00	194.39	201.65	182.90
	11.89%	11.80%	11.80%	15.50%	16.20%	16.90%
	7.23%	7.30%	7.50%	10.50%	11.20%	11.90%
	—	13.90%	15.40%	—	—	—
	4.93%	2.30%	-3.60%	1.00%	14.80%	—
	2.80%	-1.00%	-31.10%	-5.40%	8.10%	—
	—	24.40	74.52	—	—	—
	—	1.16	1.29	—	—	—
	—	0.01	0.00	—	—	—
	—	-1.71	-10.51	—	—	—
	—	46.5	39.7	—	—	—
Balance sheet
	—	1,000	923.24	—	—	—
	—	415.04	427.65	—	—	—
	—	11.46	10.51	—	—	—
	—	238.63	225.80	—	—	—
	—	0.00	0.00	—	—	—
	—	—	25.57	—	—	—
	—	492.78	450.54	—	—	—
	—	81.20	94.25	—	—	—
	—	131.50	134.43	—	—	—
	—	9.75	0.00	—	—	—
	—	9.75	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	828.82	769.33	—	—	—
Cash flow
	—	103.80	117.54	—	—	—
	—	-61.84	-88.13	—	—	—
	—	-41.01	-32.13	—	—	—
	—	79.40	43.02	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -0.13%
Sales CAGR 5Y: —
Profit CAGR 3Y: -13.60%
Profit CAGR 5Y: —
Sales YoY (TTM): +4.93%
Profit YoY (TTM): +2.80%

Consolidated

Sales CAGR 3Y: -0.09%
Sales CAGR 5Y: —
Profit CAGR 3Y: -16.38%
Profit CAGR 5Y: —
Sales YoY (TTM): +5.16%
Profit YoY (TTM): -0.59%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.43%

Quarter	September 2026	June 2026
Promoter %	69.43%	69.47%

Holder	Type	Holding	Previous	Change
TCI EXPRESS CONSOLIDATED LIMITED	Promoter Group	45.09%	44.48%	+0.61%
VINEET AGARWAL	Promoter	5.22%	5.22%	0.00%
Nippon Life India Trustee Ltd A/C Nippon India Multi Cap fund	Public	5.16%	3.87%	+1.29%
TCI Trading (Dharmpal Agarwal)	Promoter Group	4.10%	6.40%	-2.30%
DHARAM PAL AGARWAL (HUF)	Promoter Group	2.65%	2.65%	0.00%
URMILA AGARWAL	Promoter Group	2.41%	2.41%	0.00%
CHANDER AGARWAL	Promoter	2.39%	2.39%	0.00%
HDFC Mutual Fund - HDFC Manufacturing Fund	Public	2.31%	3.77%	-1.46%
PRIYANKA AGARWAL	Promoter Group	2.27%	2.27%	0.00%
XPS Cargo Services Limited	Promoter Group	1.59%	—	—
INVESTOR EDUCATION PROTECTION FUND AUTHORITY	Public	1.52%	1.50%	+0.02%
DHARMPAL AGARWAL	Promoter	1.15%	1.09%	+0.06%
NIRMAL MISHRILAL BANG HUF	Public	1.13%	1.13%	0.00%
CHANDRIMA AGARWAL	Promoter Group	0.96%	0.96%	0.00%
VIHAAN AGARWAL	Promoter Group	0.58%	0.58%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Container Corporation Of India Ltd.	32,445	426.00	26.57	12.20%	+1.16% TTM	-7.03% TTM	-21.45%
Delhivery Limited	31,323	417.90	169.69	2.60%	+23.65% TTM	+33.62% TTM	-13.83%
SHADOWFAX TECHNOLOGIES LIMITED	16,398	279.35	73.18	6.70%	—	—	—
Blue Dart Express Ltd.	10,518	4,432.85	36.64	16.90%	+9.23% TTM	+15.83% TTM	-30.46%
Transport Corporation of India Ltd	6,635	863.60	14.31	15.20%	+11.54% TTM	+5.91% TTM	-26.87%
VRL Logistics Limited S	5,759	329.20	21.54	18.80%	—	—	+21.45%
TVS Supply Chain Solutions Limited	5,149	116.70	75.35	9.30%	+16.89% TTM	+26.44% TTM	-9.92%
Mahindra Logistics Limited	4,139	416.90	48.65	6.40%	+20.30% TTM	+380.30% TTM	+21.35%
Afcom Holdings Limited S	3,651	1,262.75	43.17	24.40%	—	—	+51.50%
Gateway Distriparks Limited	2,319	46.41	9.64	11.00%	+8.19% TTM	-38.77% TTM	-26.84%
TCI Express Limited	1,929	501.80	23.39	12.60%	+5.16% TTM	-0.59% TTM	-27.07%
SKYWAYS AIR SERVICES LIMITED	1,527	105.09	—	—	+25.14% FY26	+31.95% FY26	—
Allcargo Logistics Ltd	1,445	9.65	27.80	6.00%	-82.83% TTM	+156.50% TTM	—
Navkar Corporation Limited S	1,227	81.52	25.88	3.10%	+49.84% TTM	+304.97% TTM	-28.93%
Allcargo Global Limited	1,156	11.76	—	—	—	—	—
Reliance Industrial Infrastructure	1,061	702.35	89.35	2.90%	-23.65% TTM	-1.90% TTM	-21.09%
Western Carriers (India) Limited	946	92.77	25.76	8.00%	+9.28% TTM	-35.60% TTM	-30.27%
Shree Vasu Logistics Limited	851	740.00	—	—	—	—	—
Ritco Logistics Limited	774	270.25	29.67	15.70%	—	—	+5.94%
Sical Logistics Limited	616	77.25	8.38	17.40%	+51.67% TTM	+755.17% TTM	—
Transindia Real Estate Limited	600	24.43	14.64	3.60%	-0.32% TTM	-25.95% TTM	-19.69%
SNOWMAN LOGISTICS LIMITED S	563	33.69	61.25	3.50%	+6.82% TTM	+214.38% TTM	-30.75%
Glottis Limited	522	56.45	—	18.80%	—	—	-22.31%
PARADEEP PARIVAHAN LIMITED	492	308.90	—	27.30%	—	—	+109.99%
Lancer Container Lines Limited	413	11.11	26.67	1.80%	-33.61% TTM	+190.69% TTM	-38.69%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Intimation of Schedule of Analyst/Investor Conference call3 Nov 2026 · Company Update / Analyst / Investor Meet
The Company has received an e-mail from RTA intimating the shifting of corporate office to a new location3 Nov 2026 · Company Update / General
TCI Express Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve The next Meeting of Board of Directors ....26 Oct 2026 · Board Meeting / Board Meeting
Please find attached report issued by RTA of the company regarding relodgment of transfer request of physical shares during the period July 01, 2026 to September 30, 202614 Oct 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (Depositories and Participants Regulations, 2018) for the quarter ended September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TCI Trading & Dharmpal Agarwal1 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures received from the entity/person, forming part of promoter group of the company, intimating transaction undertaken in the equity shares of the company1 Oct 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TCI Trading1 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find enclosed herewith copies of Form C received from M/s. Trading in respect of sale of equity shares and M/s. XPS Cargo Services Limited in respect of purchase of equity shares30 Sep 2026 · Company Update / General
Disclosure received from M/s. Trading, in respect of sale of equity shares and from M/s. XPS Cargo Services Limited in respect of purchase of equity shares of the company.30 Sep 2026 · Company Update / General
Reaffirmation of Credit Rating of Commercial Papers30 Sep 2026 · Company Update / Credit Rating
The trading window for dealing in equity shares of the company will remain closed with effect from October 01, 2026 upto 48 hours after communication of un-audited financial results26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find the attached intimation10 Sep 2026 · Company Update / General
Newspaper cutting -Transfer of Equity Shares to IEPF and special window for physical securities8 Sep 2026 · Company Update / Newspaper Publication
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TCI Trading (Dharampal Agarwal)7 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosure received in relation to inter-se transfer of 15,000 equity shares between Promoter entity5 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TCI Trading (Dharampal Agarwal)4 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find attached intimation3 Sep 2026 · Company Update / General
Please find attached intimation of inter-se transfer of equity shares between Promoter entity by way of open market29 Aug 2026 · Company Update / General
Intimation of Completion of Tenure of Independent Director of the Company17 Aug 2026 · Company Update / Change in Directorate
Please refer enclosed disclosure14 Aug 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TCI Trading & TCI Express Consolidated Ltd14 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TCI Trading & TCI Express Consolidated Ltd14 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please refer enclosed disclosure.13 Aug 2026 · Company Update / General
Transcript of Con-Call-Q1 FY 2026-2712 Aug 2026 · Company Update / Analyst / Investor Meet
Allotment of Equity Shares under ESOP-201612 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Resignation by SMP10 Aug 2026 · Company Update / Change in Management
Resignation by SMP10 Aug 2026 · Company Update / Cessation
Submission of Newspaper Advertisement- For Re-appointment of Managing Director, subsequent to the approval of shareholders obtained in 18th AGM7 Aug 2026 · Company Update / Newspaper Publication
Newspaper Cuttings-Publication of un-audited results for the quarter ended June 30, 20267 Aug 2026 · Company Update / Newspaper Publication
Please find attached Outcome of AGM6 Aug 2026 · Company Update / General
Voting Results along with scrutinizer report -18th AGM6 Aug 2026 · AGM/EGM / AGM
Audio Recording Link-Investor Con-Call6 Aug 2026 · Company Update / Analyst / Investor Meet
Audio Recording Link-Investor Con-Call6 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Meeting with Analyst/Institutional Investors6 Aug 2026 · Company Update / Analyst / Investor Meet
Proceedings of 18th AGM of the Company6 Aug 2026 · AGM/EGM / AGM
Press Release on Un-Audited Financial Results_Q1 FY 2026-27.6 Aug 2026 · Company Update / Press Release / Media Release
Investor''s Presentation-Un-Audited Financial Results for the Q1 FY 2026-276 Aug 2026 · Company Update / Investor Presentation
Please refer attached letter of outcome of Board Meeting, intimating about re-constitution of Statutory Committees of the Company.6 Aug 2026 · Company Update / General
Un-Audited Financial Results-Q1 FY 2026-276 Aug 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 7.0000	6 Feb 2026	7 Feb 2026	—
Final Dividend - Rs. - 2.0000	16 Jul 2025	16 Jul 2025	—
Interim Dividend - Rs. - 3.0000	12 Feb 2025	12 Feb 2025	—
Interim Dividend - Rs. - 3.0000	8 Nov 2024	8 Nov 2024	—
Final Dividend - Rs. - 2.0000	6 Aug 2024	—	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results