Transport Corporation of India consolidated net profit rises 10.57% in the June 2024 quarter

The Transport Corporation of India (TCI) reported a 10% increase in consolidated profit after tax, reaching Rs 91.6 crore for the quarter ending June 30, 2024. Revenue also rose to Rs 1,056 crore. The company’s growth was seen across various segments, including coastal shipping and cold chain logistics, with significant investment in infrastructure to enhance efficiency.

TCI Q1 results: Net profit up 10% to Rs 92 crore

A consistent performer available at relatively attractive valuations, says the brokerage.

Transport Corporation Of India - A Stable Play; ICICI Securities Initiates Coverage With A Buy

Revenues of TCI clocked moderate growth in the third quarter, but operating margin declined

Transport Corporation of India: A long-term buy despite slowdown jitters

Capacity addition to boost earnings in this high-margin segment.

Transport Corporation Of India - Enters Into An Agreement To Buy Two New Ships: Motilal Oswal

Sharekhan is bullish on Transport Corporation of India has recommended buy rating on the stock with a target price of Rs 890 in its research report dated August 01, 2023.

Buy Transport Corporation of India; target of Rs 890: Sharekhan

Motilal Oswal is bullish on Transport Corporation of India recommended buy rating on the stock with a target price of Rs 880 in its research report dated August 01, 2023.

Buy Transport Corporation of India; target of Rs 880: Motilal Oswal

Strong fundamentals, strategic diversification, and a solid business model will continue to act as growth levers going forward

Transport Corporation of India: A consistent performer

Sharekhan is bullish on Transport Corporation of India has recommended buy rating on the stock with a target price of Rs 860 in its research report dated June 14, 2023.

Buy Transport Corporation of India; target of Rs 860: Sharekhan

Motilal Oswal is bullish on Transport Corporation of India recommended buy rating on the stock with a target price of Rs 760 in its research report dated May 19, 2023.

Buy Transport Corporation of India; target of Rs 760: Motilal Oswal

In the 9MFY23, TCI incurred a total capital expenditure of nearly Rs 82 crore

Transport Corporation of India: Business momentum could stall in 2023

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Transport Corporation of India Limited is a integrated supply chain and logistics solutions provider.