Transport Corporation of India Limited has informed the Exchange about Investor Presentation
27th January, 2025
Listing Department, The National Stock Exchange of India Ltd., “Exchange Plaza”, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
Scrip Symbol: TCI
Dear Sir/Madam,
Listing Department, Bombay Stock Exchange Ltd., Phiroz Jeejeebhoy Towers, Dalal Street Mumbai-400 001
Scrip Code: 532349
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Investors’ Presentation for the Q3/FY 2024-25.
This is for your information and necessary records.
Thanking you,
Yours faithfully, For Transport Corporation of India Ltd.
Archana Pandey Company Secretary & Compliance Officer Encl: a/a
Q3 FY25 Earnings Presentation .
1
Everything Logistics®
TCI: Consolidated Corporate Overview
Freight Div.
TCI CONCOR
TCI Bangladesh
TCI Nepal
TCIL Middle East
TCI
Supply Chain Div.
Seaways Div.
TCI Cold Chain
Transystem Logistics
TCI Chemlog
Standalone SBUs
Subsidiaries /JVs
Integrated Strengths
6+ Decades of Experience
13K+
Cold Pallets positions
200 Refer Vehicles+
10K Trucks in Operations
2
$500+Mn Revenue
8K+ GP Containers
06 Coastal Ships
2300+ Train movement
650+ ISO Containers
3.5K+ Employees Strength
1K+ IT Enabled Own Offices
15+ Mn Sq.ft. Managed Warehouse Space
2.5% Moving India s GDP by Value
Everything Logistics®
Growth Drivers to Logistics Industry
Govt. & Policy Enablers
Continuous policy level intervention with National Logistics Policy Budgetary support to modernize logistics infrastructure: ports, DFC, roads, MMMP Increasing digitization of logistics data through ULIP and associated portals
Customer Demand & Market Growth
Growing domestic & foreign customers Swift adoption of quick commerce/omni channel by digital native population Growing Demand for differentiated logistics services High demand for warehousing & value-added logistics services
Industry & Investments
Increasing FDI & PE/VC funding in logistics Massive manufacturing spurt in high-value critical t
3
Everything Logistics®
Company Strategy : Everything Logistics
Our Unmatchable Strengths
Wide Range Of Services
Strong Multimodal Capabilities & Network
Technology & Automation Driven Operations
Presence Across High Growth Industry Sectors
4
Everything Logistics®
Wide range of Services under Single Window
Unlock Business Potential
Products / Services
LTL/FTL
Warehousing
Port Logistics
Freight Forwarding
Coastal Shipping
Domestic Rail: Container & Auto Movement
CHA
International Country Operations
ODC/PHH
Liquid & Gas Bulk Logistics
In/Outbound Logistics
Reefer Storage
Reefer TPT
Cold Chain services
SAARC + CHA
Customised Solutions
3PL / 4PL
End-to-End Supply Chain Solution
Integrated Multimodal Solution
Control Tower and Consultancy
Verticals Served/ Products
Automobiles
Retail and CP
Hi-tech (ICE)
Healthcare/ Lifesciences
Energy & Renewables
Aviation & Defense
E-Commerce
Chemicals
Industrial & Engineering
Agri ++
Metals & Minerals
Benefits For Customers
Single Window Solution
Operational Cost Efficiencies
Trusted Delivery & Fulfillment
Economies of Scale
5
Everything Logistics®
Strong Multimodal Capabilities & Network
Rail
Full Rake movements in 9M FY25
1783 Vs 1701 in 9M FY24
3 own AFTO rakes
Road
10000+ Trucks under Operation
25 Strategically placed Hubs
65 Yards service last mile for finished
Handling at 60+ Terminals, Railway
goods
Sidings, in plant
Cross Border movement
Branches covering most districts
Cross Border movement across SAARC
Coastal
6 own Ships Deployed
78000 DWT Capacity
8500+ GP Containers
7 out of 13 major ports serviced
Cargo Moved
9M FY25 TEUs Handled: 114374
Vs 108884 in 9M FY24
184000+ Green points earned
6
Everything Logistics®
Technology & Automation Driven Operations
Core Business Operations
Enterprise Resource Planning Freight Exchange & Order Management Supply Chain Logistics & Warehousing Coastal Shipping
Customer & Supplier Relationship
Supplier Performance & Management System Customer Relationship Management System
System & Cyber Security
Web Application & API Protection Firewall Endpoint Detection & Response Advance Threat Protection
Digitalization & Automation
Robotic Process Automation Predictive Analytics Business Intelligence Tool Machine Learning
Configuration & Integration
GPS & GIS Services IOT : RFID, Temperature, Barcode etc.
Infrastructure & Database
Cold Chain Logistics & Warehousing Rail Logistics Route Planning & Optimization FMS, WMS, TMS, VTS, E-way, E-Invoice GST
Human Resource Management WhatsApp Business Digital Control Tower Customer & Supplier Mobile App
High Availability Disaster Recovery SSL, Security Protocols & Policies
Artificial Intelligence Deep Learning Natural Language Processing (NLP)
Bidirectional Communication Protocol Unified Logistics Interface Platform GPS Devices Electronic Data interchange
Diversified Operating system and databases Data Warehouse Management Relational & Non-Relation Database
Version Control & Repo. System Cloud Computing Services Layered Architecture
7
Everything Logistics®
Presence across High Growth Industry Sectors
Engineering and Industrial
Increasing Government spend on infrastructure
Growth in size of GDP
PLI, 100% FDI in select sectors
Automotive (Mobility and Industrial)
Untapped 4W market, 3% penetration vs 22%
in China. India is 4th largest market
Rising middle class population
Infrastructure spend
Metals and Construction Material
Consumption driven sectors: FMCG, Retail, FMCD, Apparel, textiles etc.
Increasing Investment in Core sector
Infrastructure development
Increasing per capital income
Rise of middle-class and youth population
Expansion of E-com to tier 3/4/5 cities
Chemical and Pharma
Agriculture, Food grains
Increasing demand for specialty chemicals
Increasing use of technology in crop production ,
Rising awareness about health care
soil fertility
Increasing population density and Gov. focus
to stabilize supply chains around distribution
8
Everything Logistics®
Key Highlights
30%
9082
6%
9583
10%
10560
7%
10048
13%
9395
13%
11314
16%
9737
4%
10115
14%
11539
10%
10955
10% 9914
14000
12000
10000
8000
6000
4000
2000
0
Q1
Q2
Q3
Q4
2023
2024
2025
18 consecutive quarters of higher growth on y-o-y basis
Growth momentum continued amidst moderate economic trends.
Remained resilient with well-diversified service offerings ,multi sectorial presence ,wide customer base
Net borrowing remained at zero with additional cash surplus
Everything Logistics®
TCI Freight Division: Industry Nature & Trends
Industry
USD 180 B Freight Transport Market, highly fragmented and unorganized
LTL Freight Transport Market, relatively organized with 15% share
Increasing adoption technology like on demand trucking and real-time
pricing
Increasing awareness on sustainable logistics and demand for multimodal
Growth Drivers
Need for FTL & LTL from a single provider
Anywhere to anywhere model
Control Tower enabled customized Freight solution with end-to-end visibility
Growing need for in-transit small storage facilities
Packaging support for high value goods, fragile items in LTL segment
10
Everything Logistics®
TCI Freight Division: Our Edge
Integrated Surface Transport Solution
Hub & Spoke Model
25 strategically located hubs across India that enables TCI Freight to widen its distribution network and enhance reliability in cargo consolidation and transportation.
25 Strategically located hubs
Our Services
Control Towers Single Window Control & Visibility
750+ IT Enabled Owned offices
4,600+ Truck under Operation (4,500+ Owned: 30)
Full Truck Load (FTL)
Less than Truck Load (LTL)
Over-dimensional Cargo (ODC) & Project Heavy Haul (PHH)
Control Tower for Key Account Management
Cross Border
Deliveries across SAARC-BBIN
24X7 Customer Support
11
Everything Logistics®
TCI Freight Division: Key Operational Highlights
Fig in Mn
Particulars
Q3 FY25
Q3 FY24
Gr%
9M FY25
9M FY24
Gr%
Revenue
4349
3998
8.8% 12788
11945
7%
Moderate growth amid weakness in Infra and capital goods sectors Impact on Margins and ROCE Continued focus on network expansion to increase LTL with 32 new branches opened
EBDITA
118
141 -16.0% 405
442
-9%
% to Revenue
2.7% 3.5%
3.2%
3.7%
70%
67%
33%
65%
35%
65%
35%
64%
36%
64%
36%
60%
40%
EBIT
105
128 -18.3% 364
407
-11%
20%
% to Revenue 2.4% 3.2%
2.8%
3.4%
FY21
FY22
FY23
FY24
9M FY25
FY26 ( E)
LTL
FTL
16,000
13,000
10,000
7,000
4,000
1,000
12
16,399
10%
3,000
2,616
2,687
2,945
2,893
40%
15,970
13,716
11,945
12,788
4.2%
4.2%
3.4%
3.4%
2.8%
2,225
25.5%
27.6%
8%
6%
4%
2%
0%
2,500
2,000
1,500
1,000
500
-
20.5%
20.0%
16.6%
30%
20%
10%
0%
2021-22 2022-23 9M 2023-
2023-24 9M 2024-
24
25
Revenue (mn.)
EBIT (%)
2021-22 2022-23 9M 2023-
2023-24 9M 2024-
24
25
Capital Emp.(mn.)
ROCE (%)
Everything Logistics®
TCI Supply Chain Division: Industry Trends
Industry
Market Size USD 15 Bn
Relatively less fragmented with relatively organized market
3PL Growth CAGR 15%
60% constitute road movements
3PL penetration is 4.5% Vs 11% Globally
Growth Drivers
Higher demand for integrated and customized solutions
Supply chain network optimization especially in warehousing
Growth of Omni channel in tier 3/4/5 cities
Increasing demand for automation and technology driven service
offerings
EV/alt fuel impact on 3PL for automotive
13
Everything Logistics®
TCI Supply Chain Division: Our Edge
Full-stack integrated offering from Conceptualization, Design to execution
5,500+ Vehicles under Operation Owned:1150+
High warehouse space utilization by expanding vertically
65 Yards Managed
VAS: labelling, repackaging, order processing, payment management
1250+ Mn Production Logistics Parts Handled
Inventory management and visibility through WMS via
ERP Integration
150+ Trains Operated per Month
Proprietary TMS for route optimization
15+ Mn Sq. ft. Warehousing Space Managed
14
Everything Logistics®
TCI Supply Chain Division: Key Operational Highlights
Fig in Mn
Particulars
Q3 FY25
Q3 FY24
Gr%
9M FY25
9M FY24
Gr%
Revenue
4115
3644 12.9% 12143 10825
12%
EBDITA
410
352
16.6% 1153
1027
12%
% to Revenue
10.0% 9.7%
9.5% 9.5%
EBIT
262
233
12.2% 754
696
8%
% to Revenue
6.4%
6.4%
6.2% 6.4%
12,763
10,015
10,825
14,502
11%
12,143
6.1%
6.1%
6.4%
6.5%
6.2%
9%
7%
5%
3%
1%
Growth momentum continued amidst addition of new contracts. Good traction in warehousing, quick commerce and multimodal services & expansion of hub & spoke network for auto
Margins stable and remained resilient to various cost pressures
6,000
5,000
4,000
3,000
2,000
1,000
-
4,947
4,123
4,271
3,650
3,237
22.6%
23.9%
23.6%
21.8%
18.4%
40%
31%
22%
13%
4%
2021-22 2022-23 9M 2023-
2023-24 9M 2024-
2021-22 2022-23 9M 2023-
2023-24 9M 2024-
24
25
24
25
Revenue (mn.)
EBIT (%)
Capital Emp.(mn.)
ROCE (%)
Everything Logistics® Everything Logistics®
14,500
13,000
11,500
10,000
8,500
7,000
5,500
4,000
2,500
15
TCI Seaways Division: Industry Trends
Industry
Jal Marg Vikas Project Rs. 5K+ crore
Coastal Shipping to Increase from 86MMT to 215MMT by 2025
Growth Drivers
Waterways : 6% of transportation modal mix
Air 1%
Inland 0%
Coastal 6%
Rail 33%
The Sagar mala Project
US$120 billion Investment
6+ Mega Ports
14+ Coastal Economic Zones
Industrial Zones near Ports
Road 60%
Rail
Road
Coastal
Air
Inland
GOI push for infrastructure development around ports
and share of coastal shipping in overall logistics
More SEZs , Multimodal Logistics Park and Warehousing
zone near ports
Push for green logistics
16
Everything Logistics®
TCI Seaways: Our Edge
Our Services
One of the leading multimodal
Expertise in coastal shipping
First-mile and last-
Multi-modal solutions
coastal players having presence
services, container & bulk
mile connectivity
with reduced carbon
along the Western, Eastern &
cargo movements, and
via rail & road
footprint (Green
Southern ports of India
transportation services
logistics)
06 Domestic Coastal Ships
8,500+ Own Multipurpose Marine Containers
77,975 DWT Total Capacity
7 Out of 13 Major Ports Served
17
Everything Logistics®
TCI Seaways Division: Key Operational Highlights
Fig in Mn
Particulars
Q3 FY25
Q3 FY24
Gr%
9M FY25
9M FY24
Gr%
Volumes remained benign but favorable freight rates Avg fuel price stable All Ships were under operations
Revenue
1472 1351 9.0% 4365
3798
15%
Fuel Price MT/INR
EBDITA
619
490 26.4% 1782
1519
17%
% to Revenue
42.0% 36.2%
40.8% 40.0%
EBIT
507
315 61.0% 1421
991
43%
% to Revenue
34.5% 23.3%
32.5% 26.1%
100000
80000
60000
40000
5,332
5,593
33.6%
29.4%
5,224
4,365
40%
35%
3,798
32.5%
30%
26.1%
26.5%
25%
20%
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 -
FY23
FY24
FY25
3,780
3,593
3,383
3,228
46.5%
44.6%
40.6%
37.9%
60%
3,834
53.6%
50%
40%
30%
20%
2021-22 2022-23 9M 2023-
2023-24 9M 2024-
2021-22 2022-23 9M 2023-
2023-24 9M 2024-
24
25
Revenue (mn.)
EBIT (%)
24
25
Capital Emp.(mn.)
ROCE (%)
Everything Logistics® Everything Logistics®
6,000
5,000
4,000
3,000
2,000
1,000
0
18
Ventures
Figures in Mn.
9M FY25 (FY24)
Revenue
3276 (3456)
680 (809)
8752 (10099)
Y-o-Y Growth
37.2% (13.4%)
18.8% (34.6%)
20.1% (45.9%)
Capital Employed
635 (608)
761 (763)
3102 (3373)
49%
20%
51%
Key Operational Highlights
Operates on asset-light model Building upon its capabilities of integrated multimodal logistics solutions Chemicals, Food Grains, Metals etc.
Cold chain services to cater temperature control Warehousing, Primary & secondary distribution requirements.
Focused on automotive logistics of Japanese clients
19
Everything Logistics®
Financial Highlights
STANDALONE
30381
10.8%
27424
Fig in Mn.
CONSOLIDATED
12.3%
29746
10.4%
10422
9440
14.1%
11539
10115
Q3 FY24
Q3 FY25
9M FY24
9M FY25
Q3 FY24
Q3 FY25
9M FY24
4260
15.1%
3701
12.8%
3862
14.7%
1586
1382
15.8%
1478
1276
Q3 FY24
Q3 FY25
9M FY24
9M FY25
Q3 FY24
Q3 FY25
9M FY24
3054
25.0%
2443
19.8%
2512
24.4%
1182
951
27.4%
1021
802
33413
9M FY25 4355
9M FY25 3010
Q3 FY24
Q3 FY25
9M FY24
9M FY25
Q3 FY24
Q3 FY25
9M FY24
9M FY25
20
Everything Logistics®
Consistent performance: Key financial Indicators
Figures in Mn
20.0
15.0
10.0
8.0
EV/EBIDTA
11.0
10.2
15.3
13.0
5.0
0.0
4000
3500
3000
2500
2000
1500
1000
500
0
21
FY21
FY22
FY23
FY24
9M FY25
Consolidated Profit After Tax
3545
3206
2928
1453
1432
1504
FY19
FY20
FY21
FY22
FY23
FY24
17000 15000 13000 11000 9000 7000 5000 3000 1000
20000
17000
14000
11000
8000
5000
2000
-1000
Return on Capital Employed
15076
16576
12690
12631
13449
24.6%
26.2%
24.0%
27.0%
15.0%
FY21
FY22
FY23
FY24
9M FY25
Capital Employed Excl. Cash (mn)
ROCE (%)
Return on Net Worth
18853
17078
14404
11967 22.3% 21.1% 19.2%
21.6%
10152
13.3%
FY21
FY22
FY23
FY24
9M FY25
40%
34%
28%
22%
16%
10%
4%
-2%
50%
40%
30%
20%
10%
0%
Avg Net Worth (mn.)
Return on Net Worth (%)
Everything Logistics®
Consistent performance: Key financial Indicators
Particulars
UOM
31st
Market Cap
Debt Incl. Leases
Cash equivalents
Enterprise Value
P/E
EV/EBITDA
52 Week High
52 Week Low
Rs Mn.
Rs Mn.
Rs Mn
Rs Mn.
Nos
Nos
Rs/share
Rs/share
88,121
1,774
(2,914)
86,980
21.9
15.3
1309
758
450% 400% 350% 300% 250% 200% 150% 100% 50% 0%
14.3%
125%
20.3%
17.3%
17.9%
300%
350%
16.9%
400%
350%
24%
22%
20%
18%
16%
14%
12%
Shareholding Pattern as on 31st
2024
3%
11%
1%
4%
12%
69%
PROMOTORS BODY CORPORATE
INDIAN PUBLIC MUTUAL FUND
FOREIGN HOLDINGS OTHERS
CRISIL & ICRA Long term Rating : AA ( Stable)
ICRA Short Term Rating CP : A1+
DnB Rating: 5AA
Stock returned CAGR of 35% in last 20 years
Stock coverage : 12 Buy Rating :12
FY21
FY22
FY23
FY24
9M FY25
22
Dividend Ratio
Dividend Payout Ratio
Everything Logistics®
Nurturing Sustainable Stewardship
Environmental
Social
Governance
Nurturing Environment for a Healthier Planet
Health Safety & Empowerment Societal Impact & Nation Building
Trust, Dependability & Resilience
1828 trains movement in 9 months & got more than 100K+ Green Points earned from Railways.
Produced 15.9 Mn (LY 16.0 Mn) renewal energy units.
120K TEUs handled through multimodal in 9 months.
Under Green Trucking we have 3500 CNG, 15 Electric,1 LNG & 10K BS VI Vehicles.
3 Retrofit Electric to be added in the fleet by March 2025.
TCI IIM-B made TEMT tool ISO:14083 emission SGS certified measurement - Push is to standardise this for all emissions measurements in India.
for
by
Bharat Mobility - Road safety event in January for TCI Safe Safar.
Health initiatives across 18 states administering 15+ Lakh Vaccinations & other Health services to 22 Lakh people.
Trained 27000+ Government Medical Staff in
24.
Artificial beneficiaries to stand on their feet again.
limb center has empowered 1440+
Urmila Sports Academy trained players for National & International sports events, winning 48 Medals.
Strong and diverse Board
Started BRSR in
22 voluntarily
Long
term performance-linked
robust remuneration system
Configuration &
Integration for
data security
Comprehensive Enterprise
risk
management
and
Business
continuity plan.
23
Everything Logistics®
Future Outlook
Overall economic trends were moderate this fiscal year. Q4 expected to better demand amid
financial year closing
Expected Budgetary announcement to boost economic growth, easing inflation and monetary policy
rates and amid change in US government etc. are the major factors to watch
Revenue and Profit growth outlook remains at 10-15%
Hub Center & Small warehouses
Ship s
Container s
Trucks & Rakes
Others (W/H Equip, IT etc.
Total
Actual (FY07 to FY24) 6496
FY25
Budget
1300
3334
1533
5738
1682
800
250
900
500
Fig in Mn
9M FY25
Actual 455
655
171
543
226
18782
3750
2051
24
Everything Logistics®
Transport Corporation of India Limited TCI House, 69 Institutional Area, Sector 32, Gurugram - 122001 Tel.: +91 - 124 - 2381603-07 E-mail Id: finance.mis@tcil.com CIN: L70109TG1995PLC019116 Online Presence: www.linktr.ee/TCI_Group
Thank You
25
Everything Logistics®