Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Newspaper cutting -Transfer of Equity Shares to IEPF and special window for physical securities
Source: Bse
TCI Express Limited (TCIEXP)
Small CapServices stocks · Small cap · NSE
TCI Express Limited operates in Express Logistics, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result06 Aug, 08:11 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
18Strong Bearfull bear SMA stack · SMA20 -7.7% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: —
Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TCIEXPD candles · FIT view-11.4%Latest close ₹464.60 on 2026-10-21
Bar
-0.7%
RSI
38
MACD hist
-0.64
52W pos
7%
2026-10-21O ₹467.90H ₹471.25L ₹452.30C ₹464.60Vol 21,840 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TCIEXPNifty 500
- TCIEXP
- -20.7%
- Nifty 500
- -6.5%
- Vs Nifty 500
- -14.2 pp
Chart stats
21 Oct 2026- From 52W high
- -34.1%
- 52W range position
- 7%
- ATR (14)
- 4.6%
- Volume vs 20D
- 0.06x
- Avg traded value
- ₹18.1 Cr
- 20D price channel
- ₹452.3 - ₹583.2
₹705
₹447.6 - ₹705
₹21.4
Latest completed session
20-session average
49.0% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED25
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad22
Revenue +9.1% · PAT +5.3% YoY
Technical
Strong Bear18
Price trend and sector-relative-strength timing.
Valuation
Legacy model-806.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +9% YoY · PAT +5% YoY
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹313 Cr | +9.1% | -4.6% |
| EBITDA | ₹31 Cr | +10.7% | -3.1% |
| Operating margin | 10.0% | +0 bps | +0 bps |
| PAT | ₹20 Cr | +5.3% | +25.0% |
| PAT margin | 6.4% | -23 bps | +151 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 22.60
- P/B
- 2.32
- EV/EBITDA
- 12.57
- Market Cap
- 1898.00Cr
Profitability
- ROE
- 10.40%
- ROCE
- 13.80%
- ROA
- 8.00%
- Dividend Y
- 1.42%
Growth (CAGR)
- Revenue 5Y
- -20.00%
- EPS 5Y
- -20.00%
- Revenue 3Y
- 0.27%
- EPS 3Y
- -16.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- 43.00×
- Altman Z
- 8.57
- Book Value
- 213.00
Cash Flow
- FCF Yield
- 0.63%
- FCF Positive Y
- 4/5
- OCF
- 101.00 Cr
- EPS TTM
- 21.45
Shareholding
- Promoter Hold
- 69.46%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 313-4.6% vs prev
Net Profit
₹ CrLatest: 20.0+25.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 38.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~8.4% over last month) — short-term momentum negative.
- RSI(14) at 38 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
28
RS percentile
Stage 4 Downtrend
1M return
-3.7%
3M return
-20.7%
6M return
-11.1%
1Y return
-31.5%
RS 1D
+1
RS 20D
+6
Sector rank
#11
Industry rank
#34
Stage evidence
- Price is 11.4% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 66.44+0.00%
RS vs Nifty 50066
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth1/25
Quality2/20
Balance Sheet12/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
25
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
25/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 7/9.
- Balance sheet contributes 12/15 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -806.3%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 1/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
22.6
PB
2.3
EV/EBITDA
12.6
ROE
10.4%
ROCE
13.8%
FCF Yield
0.6%
Debt/Equity
0.1
MoS
-806.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
25
Previous: 25
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-806.3%
Previous: -814.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
25
25
25
25
25
25
25
25
25
25
25
25
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹320.62
-44.9% MoS
Growth-justified P/E
2.4
Growth-justified Value
₹51.27
-806.3% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SCILAL
Small
Shipping Corporation of India Land and Assets Limited
Logistics
match 65
20
60.9
1.0%
-777%
OVERVALUED
NUCLEUS
Small
Nucleus Software Exports Limited
Logistics
match 64
36
14.7
13.1%
-86%
WATCHLIST
ALLCARGO
Small
Allcargo Logistics Limited
Logistics
match 63
18
32.6
0.9%
-4232%
OVERVALUED
DREDGECORP
Small
Dredging Corporation of India Limited
Logistics
match 62
30
64.3
0.4%
-131%
OVERVALUED
AEROPLANE
Small
Amir Chand Jagdish Kumar (Exports) Limited
Logistics
match 62
55
17.7
15.8%
+38%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
TCI Express Limited operates in Express Logistics, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 87th percentile within Services. Main check: financial discipline is weak at 50/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
103 docs text-extracted · 41 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · Services: 87th pctile, median 66 · Small: 83rd pctile, median 66
Evidence depth
Financial-only
103 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
70
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 69.5%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.6%.
- ▸4 years of positive FCF.
Trust risks
- ▸ROCE trend is -4.9%.
- ▸3 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching TCI Express Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jul - Newspaper Cutting-Issuance of Annual report, AGM Notice and E-voting Information
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 15 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul - Newspaper Cuttings- Intimation to Shareholders -18th Annual General Meeting
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun - Newspaper Cuttings - Publication of Second 100 Days Saksham Niveshak Compaign and Special Window for re-lodgemnet of physical shares transfer request
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May - Newspaper Cutting-Publication of Audited Financial Results Q4/FY 25-26
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 28 May - TCI Express reported Q4/FY2026 audited results, crossed one million tonnes cargo, and upgraded Nagpur sorting centre.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.