TCI EXPRESS LTD
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#TCIE


Reasons to Buy the Stock


  • *Debt-Free Status:
The company is almost debt-free, which reduces financial risk and interest obligations, enhancing profitability.

Healthy Dividend Payout:
The company has been maintaining a healthy dividend payout of 21.1%, indicating a strong cash flow and commitment to returning value to shareholders.

  • Strong Return Ratios:
With a Return on Capital Employed (ROCE) of 26.5% and Return on Equity (ROE) of 20.2%, the company demonstrates efficient use of capital and strong profitability.

Price to Earnings Ratio:
The P/E ratio of 35.6, though higher, is justified by the company's robust financial metrics and growth prospects.

Consistent Profitability:
The company has shown consistent net profits and positive EPS over the years, indicating stable operations and financial health.

Future Investments and Planning

Expanding Fixed Assets:
The increase in fixed assets from ₹320 Cr in 2022 to ₹452 Cr in 2024 suggests ongoing investments in infrastructure and capacity expansion.

Strategic Investments:
The company has increased its investments significantly from ₹33 Cr in 2023 to ₹94 Cr in 2024, indicating strategic moves to enhance its growth and market position.

Research and Development:
Continued investments in CWIP (Capital Work in Progress) reflect a focus on new projects and innovation to maintain a competitive edge.

Dividend Policy:
Maintaining a healthy dividend payout shows the company’s commitment to reward shareholders while reinvesting for future growth.

Key Metrics

  • Metric Value
  • Market Cap ₹4,661 Cr.
  • Current Price ₹1,215
  • High / Low ₹1,605 / 998
  • Stock P/E 35.6
  • Book Value ₹184
  • Dividend Yield 0.68%
  • ROCE 26.5%
  • ROE 20.2%
  • Face Value ₹2.00
  • Promoter Holding 69.61%


Financial Performance

Sales Growth: The company’s sales have grown from ₹844 Cr in 2021 to ₹1,254 Cr in 2024, showing steady growth.

Net Profit: The net profit has increased from ₹101 Cr in 2021 to ₹132 Cr in 2024, reflecting improved profitability.


#TCIE 1213

SHORT & POSITIONAL TERM TARGETS: 1360, 1586, 1768, 1950, 2209 & 2540

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