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Buy TCI Express Ltd For Target Rs.1,850 - Motilal Oswal Financial Services We recently hosted TCI Express (TCIE) for a non-deal roadshow. Here are the key highlights: * TCIE has established itself as a leading logistics player with a pan-India reach, which gives the company an advantage against competition. The company focuses on the profitable B2B segment, which accounts for ~95% of its business. It also has a good blend of customers, with 50% of its revenue coming from SMEs and the balance from Corporates. Over the years, TCIE has developed a robust Hub-and-Spo...
Buy TCI Express Ltd For Target Rs.1,850 - Motilal Oswal Financial Services
Buy TCI Express Ltd For Target Rs.1,850 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
13/06/2023 1:22:57 PM
Buy TCI Express Ltd For Target Rs.1,750 - Motilal Oswal Financial Services Asset-light with focus on high margin B2B space * We reiterate our BUY rating on TCI Express Ltd (TCIE) with a TP of INR1,750. Our investment thesis on TCIE is premised on: a) its presence in the high margin B2B Express segment, b) expanding branch network in key markets, targeting the SME segment (the company added 73 branches between April’21 and Dec’22), c) incremental revenues from new services such as air express, rail express, cold chain express, C2C (~18% of revenues in ...
Buy TCI Express Ltd For Target Rs.1,750 - Motilal Oswal Financial Services
Buy TCI Express Ltd For Target Rs.1,750 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
1/04/2023 9:56:28 AM
TCI Express surges on reporting 11% rise in Q2 net profit TCI Express is currently trading at Rs. 1922.45, up by 27.60 points or 1.46% from its previous closing of Rs. 1894.85 on the BSE. The scrip opened at Rs. 1920.20 and has touched a high and low of Rs. 1980.00 and Rs. 1912.80 respectively. So far 8231 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2570.00 on 23-Dec-2021 and a 52 week low of Rs. 1444.50 on 12-May-2022. Last one week high and low of the scrip stood...
TCI Express surges on reporting 11% rise in Q2 net profit
TCI Express surges on reporting 11% rise in Q2 net profit
Source: Accord Fintech
1/11/2022 2:27:47 PM
Diwali Technical Muhurat Picks By Jainam Share Consultant Infosys INFY: Target - 1760, SL - 1190, Buy CMP : 50% at 1474 and 50% at 1330   Bajaj Finance BAJFINANCE: Target - 8510, SL - 6140, Buy CMP: 50% at 7272 and 50% at 6700   Navin Fluorine International Ltd NAVINFLUOR: Target - 5580, SL - 3900, Buy CMP: 50% at 4608 and 50% at 4300   TCI Express Ltd TCI: Target - 969, SL - 639, Buy CMP: 50% at 787 and 50% at 720   Poly Medicure Ltd POLYMED: Target - 1224, SL - 809 , Buy CM...
Diwali Technical Muhurat Picks By Jainam Share Consultant
Diwali Technical Muhurat Picks By Jainam Share Consultant
Source: Jainam Share Consultants Pvt Ltd
22/10/2022 3:45:00 PM
Buy TCI Express Ltd For Target Rs.1,984 - SKP Securities Company Background TCI Express (TCIEXP) promoted by Mr. D.P. Agarwal & family, managed under the leadership of Mr. D.P. Agarwal, Chairman and Mr. Chander Agarwal, Managing Director, has emerged as amongst the fastest growing surface express logistics company, offering customised solutions. It enjoys ~5% market share with pan-India network comprising of 28 sorting centres (10 owned and 18 leased), 900+ branches, servicing 50,000 pickup and delivery points through 5,000 containerized ve...
Buy TCI Express Ltd For Target Rs.1,984 - SKP Securities
Buy TCI Express Ltd For Target Rs.1,984 - SKP Securities
Source: SKP Securities Ltd
10/08/2022 12:29:05 PM
Buy TCI Express Ltd For Target Rs. 1950 - ICICI Direct Expect reversion in margins to 17%+ from Q2 onward About the stock: TCI Express is a leading asset light B2B (95% of revenues) express logistics company with 28 sorting centres, 800+ owned pan-India centres covering 40000 pick-up and delivery points .* SME and corporate clients comprise 50:50 of overall revenues * Total 55% of revenues from sectors like auto ancillary, pharma, engineering   Q1FY23 Results: Margins took a hit due to seasonality. * Revenues grew 30% YoY t...
Buy TCI Express Ltd For Target Rs. 1950 - ICICI Direct
Buy TCI Express Ltd For Target Rs. 1950 - ICICI Direct
Source: ICICI Direct
6/08/2022 2:37:21 PM
Buy TCI Express Ltd For Target Rs 2,050 - ICICI Securities Steady execution and strong commentary    TCI Express’ (TCIE) Q1FY23 EBITDA has come as a positive surprise. Mediumand long-term revenue and margin guidance remain intact. Company aims at >Rs20bn in revenue and 20% EBIDTA margin by FY25, which is double its FY22 revenue and 3x PAT. Calibrated capex is guided to increase the number of sorting centres and improve efficiency through process automation. Management is confident of increasing EBITDA margin by 100bps p.a. and i...
Buy TCI Express Ltd For Target Rs 2,050 - ICICI Securities
Buy TCI Express Ltd For Target Rs 2,050 - ICICI Securities
Source: ICICI Securities
5/08/2022 3:22:14 PM
Buy TCI Express Ltd For Target Rs.2,000 - ICICI Direct Investing in building sorting centres, automation… About the stock: TCI Express is a leading asset light B2B (95% of revenues) express logistics company with 28 sorting centres, 800+ owned pan-India centres covering 40000 pick-up and delivery points. SME and corporate clients comprise 50:50 of overall revenues Total 55% of revenues from sectors like auto ancillary, pharma, engineering Q4FY22 Results: In line performance. Gurgaon centre has been commercialised. * Revenues...
Buy TCI Express Ltd For Target Rs.2,000 - ICICI Direct
Buy TCI Express Ltd For Target Rs.2,000 - ICICI Direct
Source: ICICI Direct
8/06/2022 12:23:42 PM
Buy TCI Express Ltd For Target Rs.2,045 - SKP Securities Company Background TCI Express (TCIEXP) promoted by Mr. D.P. Agarwal & family, managed under the leadership of Mr. D.P. Agarwal, Chairman and Mr. Chander Agarwal, Managing Director, has emerged as amongst the fastest growing surface express logistics company, offering customised solutions. It enjoys ~5% market share with pan-India network comprising of 28 sorting centres (10 owned and 18 leased), 800+ branches, servicing 40,000+ pickup and delivery points through 5,000+ containerized v...
Buy TCI Express Ltd For Target Rs.2,045 - SKP Securities
Buy TCI Express Ltd For Target Rs.2,045 - SKP Securities
Source: SKP Securities Ltd
1/06/2022 2:15:24 PM
Buy TCI Express Ltd For Target Rs.2,130 - Motilal Oswal Ticking all the right boxes We reiterate our Buy rating with a revised TP of INR2,130, implying a potential upside of 25%. Our investment thesis is premised on: a) its presence in the high margin B2B Express segment, b) investment in value-added areas like sorting centers, c) entry into niche and highly profitable segments, and d) a debt free Balance Sheet. TCIE is a well-established player in the Express Logistics segment, with a pan India presence and catering to 95% of pin codes. It ...
Buy TCI Express Ltd For Target Rs.2,130 - Motilal Oswal
Buy TCI Express Ltd For Target Rs.2,130 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/03/2022 3:16:15 PM
Buy TCI Express Ltd For Target Rs.1950 - ICICI Direct Focus on pan-India presence, newer service offerings About the stock: TCI Express is a leading asset light B2B (95% of revenues) express logistics company with 28 sorting centres, 800+ owned pan-India centres covering 40000 pick-up and delivery points. * SME and corporate clients comprise 50:50 of overall revenues * Total 55% of revenues from sectors like auto ancillary, pharma, engineering   Q2FY22 Results: On-track commissioning of sorting centres, results in line. * ...
Buy TCI Express Ltd For Target Rs.1950 - ICICI Direct
Buy TCI Express Ltd For Target Rs.1950 - ICICI Direct
Source: ICICI Direct
22/11/2021 12:36:20 PM
Buy TCI Express Ltd For Target Rs.2,116 - SKP Securities Company Background TCI Express (TCIEXP) promoted by Mr. D.P. Agarwal & family, managed under the leadership of Mr. D.P. Agarwal, Chairman and Mr. Chander Agarwal, Managing Director, has emerged as amongst the fastest growing surface express logistics company, offering customised solutions. It enjoys ~5% market share with pan-India network comprising of 28 sorting centres (10 owned and 18 leased), 800+ branches, servicing 40,000+ pickup and delivery points through 5,000+ containerized v...
Buy TCI Express Ltd For Target Rs.2,116 - SKP Securities
Buy TCI Express Ltd For Target Rs.2,116 - SKP Securities
Source: SKP Securities Ltd
27/10/2021 10:39:56 AM
Add TCI Express Ltd For Target Rs.1,732 - ICICI Securities Guiding for a 5 year earnings CAGR of 25% TCI Express (TCIE) Q1FY22 performance is slightly below expectations on margins (EBITDA margin at 14.4%; I-Sec 15.7%). This was due to higher employee costs at 11.5% of topline (annual appraisal). Volumes have been muted (Covid second wave impact, down 22% QoQ) while realisations are up 2.5% QoQ. Management continues to underline the strategic vision to double topline in 5 years, through new product offerings (projected to be 25% of topline), ad...
Add TCI Express Ltd For Target Rs.1,732 - ICICI Securities
Add TCI Express Ltd For Target Rs.1,732 - ICICI Securities
Source: ICICI Securities
1/09/2021 12:33:36 PM
MTF Stock Pick Buy TCI Express Ltd For Target Rs. 1653 - HDFC Securities MTF Stock Pick Buy TCI Express Ltd For Target Rs. 1653 - HDFC Securities  TECHNICAL OBSERVATIONS TCI EXPRESS is in strong uptrend on Major time frame. After making a life high on 9th June 2021 it started correcting and halted near 1385 levels which also coincide with 38% Fibonacci retracement level drawn by connecting low of 940 to high 1624. It also took multiple support at 1385 level and today (05-07-2021) it resumed its upward momentum along with huge volu...
MTF Stock Pick Buy TCI Express Ltd For Target Rs. 1653 - HDFC Securities
MTF Stock Pick Buy TCI Express Ltd For Target Rs. 1653 - HDFC Securities
Source: HDFC Securities Ltd
5/07/2021 11:51:58 AM
Buy TCI Express Ltd For Target Rs. 1,306 - ICICI Securities Margins continue to expand TCI Express (TCIE) reported higher than expected EBITDA and PAT on the back of better than expected margins. EBITDA margins have again expanded ~260bps QoQ/960bps YoY to reach 19.6%. Q4FY21 volumes were up 15% YoY, while blended realisations including the pass-through for diesel price hike was 2.3%. This is not akin to runaway price hikes that we see in air-express as belly cargo stays off the curb. Margin salience in road express has been more driven by i) cost ...
Buy TCI Express Ltd For Target Rs. 1,306 - ICICI Securities
Buy TCI Express Ltd For Target Rs. 1,306 - ICICI Securities
Source: ICICI Securities
14/06/2021 10:42:15 AM
Buy TCI Express Ltd For Target Rs. 1400 - ICICI Direct Primed for next leap in performance… TCI Express (TCIEL) reported a strong performance, posting its highest ever EBITDA margins of 19.4%, backed by higher operating leverage, realisation hike, cost control initiatives and passing on of fuel price hike to most customers. Overall, Q4FY21 witnessed broad based revival across all major industries as reflected in the Q4 E-Way bill (up 28%), which led to strong growth in revenues. Revenues for Q4FY21 grew 18% YoY to | 280 crore, led by 15...
Buy TCI Express Ltd For Target Rs. 1400 - ICICI Direct
Buy TCI Express Ltd For Target Rs. 1400 - ICICI Direct
Source: ICICI Direct
9/06/2021 11:31:16 AM
Buy TCI Express Ltd For Target Rs. 1,398 - Yes Securities Result Highlights * Revenue grew by 18% YoY (higher 7% QoQ) to Rs.2.8 bn. This was marginally higher than our estimates of Rs.2.7 bn * The company reported gross margin of 33.2% vs 30.0% YoY/ 32.3% QoQ.  Operating profit doubled YoY to Rs.544 mn (Higher than our estimates of Rs.489 mn).   * Operating Margins improved to 19.4% vs 11.2% YoY/17.3% QoQ. The drop in cost was seen across employee cost, RM cost and other expenses.   * Higher operating profit...
Buy TCI Express Ltd For Target Rs. 1,398 - Yes Securities
Buy TCI Express Ltd For Target Rs. 1,398 - Yes Securities
Source: Yes Securities Ltd
20/05/2021 9:21:27 AM
Update On TCI Express By HDFC Securities Our take TCI Express enjoys the leadership position in surface logistics in India, which contributes to 86% of its revenue. Its extensive pan-India presence covers 708 districts, and services 40,000+ pick-up points through 5000+ leased trucks. Post the demerger from TCI, the company has sharpened its focus on the asset-light express logistics business. The company has an aggressive capex outlay of Rs 400Cr for five years (of which ~Rs 119Cr has already been invested in the past three years...
Update On TCI Express By HDFC Securities
Update On TCI Express By HDFC Securities
Source: HDFC Securities Ltd
7/05/2021 12:23:10 PM
Buy TCI Express Ltd For Target Rs.1,150 - ICICI Direct Highest ever margins lift profitability… TCI Express (TCIEL) continued its strong QoQ momentum in topline (up 23%) and bottomline (up 43%) while it lagged in YoY revenue comparable (flat YoY). However, due to significant margin expansion, TCI Express posted healthy growth (up 32%) on the YoY profitability front. MoM the performance remained mixed as recovery during the month of October (led by festive season) saw contraction of core industries in November. EBITDA margins expanded 4...
Buy TCI Express Ltd For Target Rs.1,150 - ICICI Direct
Buy TCI Express Ltd For Target Rs.1,150 - ICICI Direct
Source: ICICI Direct
15/03/2021 9:09:10 AM
Buy TCI Express Ltd For Target Rs.1,109 - ICICI Securities Margins expand 200bps QoQ to 17.3% TCI Express (TCIE) reported higher than expected PAT on the back of better than expected margins. EBITDA margins have again expanded ~200bps QoQ to reach 17.3% vs 12.8% YoY. Volumes are still down 3% YoY while realisations are up only 0.8% YoY. This is not akin to runaway price hikes that we see in air-express as belly cargo stays off the curb. Margin salience in road express has been more driven by i) cost control ii) asset light nature of business and ...
Buy TCI Express Ltd For Target Rs.1,109 - ICICI Securities
Buy TCI Express Ltd For Target Rs.1,109 - ICICI Securities
Source: ICICI Securities Ltd
10/03/2021 9:53:12 AM
Buy TCI Express Ltd For Target Rs. 1346 - SKP Securities Company Background TCI Express (TCIEXP), originally established in 1996 as a division of Transport Corporation of India Ltd (TCI), came into existence after its demerger from TCI in 2016, promoted by Mr. D.P. Agarwal, Chairman and Mr. Chander Agarwal, Managing Director. It has emerged as amongst the fastest growing surface express logistics company, offering customised solutions. It enjoys ~5% market share with pan-India network comprising of 28 sorting centres (8 owned and 20 leased), 800...
Buy TCI Express Ltd For Target Rs. 1346 - SKP Securities
Buy TCI Express Ltd For Target Rs. 1346 - SKP Securities
Source: SKP Securities Ltd
20/02/2021 12:32:58 PM
TCI Express Ltd : Strong show `BUY` - Yes Securities Buy TCI Express Ltd For Target Rs.1,120 Strong show ‐ BUY Conference call takeaways * Volumes and Revenue: Volumes stood at 0.215 MT during Q3 FY21 (0.225 MT in Q3 FY20). During 9M FY21 volumes stood at 0.46 MT vs 0.675 MT yoy. The revenue was affected due to slowdown in business (business slowed down post festive season in October) and evolving political situation in few parts of country which restricted the growth. Farmer protest had very miniscule impact on the revenue...
TCI Express Ltd : Strong show `BUY` - Yes Securities
TCI Express Ltd : Strong show `BUY` - Yes Securities
Source: Yes Securities Ltd
11/02/2021 9:22:54 AM