TCI Express Limited is an express cargo logistics company with its own set up across India. It carries distribution through various modes of transport and is specialized in offering time definite solutions.
Once in Dec'21 the stock was ruling at 2,272 and now lying at 725 levels and looks to reverse and go past 1,000 levels on back of following inputs
• To invest Rs 500 in automation and infrastructure by FY27.
• Despite industry challenges, January 2025 witnessed a volume recovery.
• Launched Money Back Guarantee (MBG) scheme, offering customers 100% refund.
• TCIEXP posted weak set of numbers for Q3FY25.
• Management is confident of improvement in performance in future quarters.
• We expect earnings to grow by 32.8% in FY26E & grow by 18.5% in FY27E.
• Stock is currently trading at valuation of 18.4x P/E FY27E EPS.