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HomeSHARE MARKETBest Stock For Investment; Brokerage Is Bullish On Share; ₹1100 Target Price

Best Stock For Investment; Brokerage Is Bullish On Share; ₹1100 Target Price

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Transport Corporation of India Ltd (NSE: TCI) Share Price: If you are looking for a better stock for investment, then you can keep an eye on the shares of Transport Corporation of India. Brokerage firms seem bullish on the stock. 

On March 26, this share closed at Rs 824.70 with a gain of 1.76 percent. Today on 27th March, the share is trading at Rs 834.50.

As a result, the market capitalization of the business has risen to 6,523 Cr. The stock’s 52-week high is Rs 1,080 and the 52-week low is Rs 591.

What Is The Opinion Of The Brokerage Regarding Transport Corporation Of India?

Brokerage firm is bullish on the stock of Transport Corporation of India in its research report, which was released on 22nd March 2024. The brokerage has assigned a “Buy” rating for the stock and established a price target of Rs 1100.

There is a chance of an increase of around 25 percent for the company’s shares.

TCI is also considering new small ship acquisitions and possibly larger ship acquisitions after recently canceling contracts for two new ship acquisitions due to challenges in the economic stability of shipbuilders. 

The management maintained its top-line and bottom-line growth guidance at 5-10% and 10-15% annually for FY2024 and FY2025. Freight traffic is expected to improve in FY2025 while SCM will remain strong.

What Are The Financials Of The Transport Corporation Of India?

Logistics and supply chain integration solutions provider Transportation Corporation of India’s profit fell by 7.3 percent year-on-year, to Rs 80 crore during the December quarter.

In the same quarter of last year, the company earned profits of 86.5 crore. The company said consolidated revenue increased by 3.9 percent to Rs 1,011.5 crore.

Profit on a standalone basis increased slightly to Rs 95.6 crore from Rs 95.3 crore. The revenue from stand-alone operations was the figure of 944.5 crore, an increase of 3.8 percent over the previous year.

How Was The Performance Of Transport Corporation Of India Shares?

The performance of Transport Corporation of India shares has been flat in the last month. Over the last six months, the company has delivered returns of just 4 percent. The stock has dropped by 1 percent to date this year.

In the past year, the company has earned an income of 37.7. In the last 4 years, its investors have got a bumper profit of 441 percent.

About Transport Corporation of India Ltd 

Transport Corporation of India Limited (TCI) is a business. It provides multimodal integrated logistics solutions, as well as services for supply chains.

The company operates in the following four divisions: the Freight Division, the Supply Chain Solutions Division, the Seaways Division, and the Energy Division.

The company also offers multiple transportation services.

The company consists of three Divisions: TCI Freight, TCI Supply Chain Solutions TCI Supply Chain Solutions TCI Seaways, and TCI Seaways.

TCI Freight division: Provider of surface transportation.

TCI Supply Chain Solutions division: Provides a single-window platform for supply chain and logistics solutions.

TCI Seaways division: Multimodal coastal actors, linking its eastern, western, and southern ports.

Subsidiaries: TCI-CONCOR Multimodal Solutions Limited, TCI Cold Chain Solutions Ltd, TCI Bangladesh Ltd, and many more.

Fundamental Analysis of Transport Corporation of India Ltd

Market Cap₹ 6,422 Cr.
Current Price₹ 834.50
52-wk High₹ 1,080
52-wk Low₹ 591
Stock P/E19.3
Book Value₹ 239
Dividend0.91 %
ROCE22.4 %
ROE20.5 %
Face Value₹ 2.00
P/B Value3.45
OPM10.4 %
EPS₹ 42.5
Debt₹ 159 Cr.
Debt to Equity0.09

Transport Corporation of India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹800₹922
2025₹900₹1075
2026₹1100₹1200
2027₹1242₹1356
2028₹1400₹1524
2029₹1526₹1623
2030₹1700₹1875
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Transport Corporation of India Ltd Shareholding Pattern

Promoters Holding
Dec 202269.00%
Mar 202369.00%
June 202368.95%
Sept 202368.95%
Dec 202368.92%
FII Holding
Dec 20223.30%
Mar 20232.77%
June 20232.54%
Sept 20232.58%
Dec 20232.61%
DII Holding
Dec 202211.70%
Mar 202312.23%
June 202312.75%
Sept 202312.87%
Dec 202312.81%
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Public Holding
Dec 202215.97%
Mar 202316.01%
June 202315.76%
Sept 202315.61%
Dec 202315.65%

Transport Corporation of India Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,754 Cr
2020₹ 2,718 Cr
2021₹ 2,802 Cr
2022₹ 3,259 Cr
2023₹ 3,925 Cr

Last 5 Years’ Net Profit:

2019₹ 145 Cr
2020₹ 143 Cr
2021₹ 150 Cr
2022₹ 293 Cr
2023₹ 334 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.46
20200.36
20210.2
20220.04
20230.04

Last 10 Years’ Profit Growth:

10 Years:17%
5 Years:21%
3 Years:29%
Current Year:4%

Last 10 years’ Return on Equity (ROE):

10 Years:17%
5 Years:19%
3 Years:19%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:10%
3 Years:12%
Current Year:6%

Conclusion

This article is a complete guide about Transport Corporation of India Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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