TCI Express Limited
7,625words
14turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
98%
2%
rs
3,000
2 lakh
1.40 lakh
40%
45%
23%
3.3 billion
Rs. 313.1
Rs. 33.7
Guidance — 15 items
Operational
opening
“22.3 Crores in Q4 FY25 for expansion of our branch network, construction of sorting centers and ramping up our IT infrastructure ➢ The capacity utilization during the quarter was at 82.5% 12 12 Management Perspective Commenting on the performance, Mr.”
Operational
opening
“Chander Agarwal, Managing Director, said: "FY25 marked continued progress for TCI Express, underscoring the Company’s strategic focus on expanding its multimodal service portfolio, with surface business continues to remain a key contributor in the business performance.”
Operational
opening
“This brings the total dividend for FY25 to Rs.”
Operational
opening
“* All numbers in Crores unless specified Total Income EBITDA and Margins 319.0 298.9 313.1 46.8 14.7% 32.9 11.0% 33.7 10.8% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 PBT and Margins PAT and Margins 41.5 13.0% 27.4 9.2% 27.3 8.7% 31.6 9.9% 20.7 20.7 6.9% 6.6% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25”
Notes
opening
“90.8 Cr 7.4% Margin Key Highlights Outlook ➢ The capacity utilization during FY25 was at 82.5 ➢ The automation of sorting centers in Gurugram and Pune has boosted efficiency and streamlined processes ➢ Strong cash flow from operation of Rs.”
Notes
opening
“117.5 crores ➢ Operationalized 10 new branches in Surface business, taking the total count to 60 new operational branches in FY25 ➢ 1,000+ PIN codes to enable faster airport-to-doorstep delivery ➢ Rail Express has initiated specialized services for temperature- sensitive shipments ➢ Proposed a cumulative dividend of Rs.”
Notes
opening
“8 per share for FY25 ➢ Achieved cash profit* of Rs.”
Notes
opening
“EBITDA growing at a CAGR of 17% and net profit is at a CAGR of 20% till FY24 ✓ Consistently paying dividends for the last 8 years and generating a high return on capital employed ✓ Debt-free company, maintaining a strong balance sheet and flexible capital structure 25 25 Strategy and Outlook ✓ Planned CapEx of Rs.”
Notes
opening
“The sector, contributing 12-14% to GDP and employing 22M+, is projected to grow at an 8.8% CAGR by 2029.”
Source
opening
“With over two decades at TCI in Group, he held key roles operations, last-mile delivery, and project management, including Zonal and Regional Express Manager.”
Risks & concerns — 5 flagged
Demand across core sectors, including automotive and manufacturing, showed marginal volume growth, reflecting cautious optimism in the economic environment.
— Operational
313.1 Crores ➢ In Q4FY25, domestic volume growth in auto sector remained modest across 2Ws, LCVs, PVs and MHCVs leading to softer revenues ➢ In the Surface Express segment, the company faced increased costs due to inflationary pressures, particularly from annual toll hikes of 8-10% and increase in labour cost ➢ The Air Express division faced cost pressure due to airline consolidation and airport privatization.
— Operational
PMI in February 2025 dropped to its lowest level in FY25 Lower CCI: Muted consumer sentiment led to a slowdown in discretionary spending, impacting volumes across segments, resulting in lower freight movement and reduced utilization levels Geopolitical Developments: India's export growth has softened due to uncertainties surrounding U.S.
— Source
Real Economy 32 32 Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds ✓ Weak Performance across sectors: After strong growth in January 2025, YoY economic activity slowed in February.
— Source
Specialized committees support governance functions Risk Management and Internal Controls A robust risk management framework, supported by regular audits and internal controls, helps identify, assess, and mitigate risks effectively CSR and ESG Oversight The CSR Committee, led by the Chairman & MD, monitors ESG policy implementation and regularly reports progress to the Board Ethics, Compliance, and Sustainability rights, and Policies on ethics, anti-bribery, human whistleblowing accountability.
— Source
Speaking time
4
2
2
2
1
1
1
1
Opening remarks
Operational
Gurugram 2 lakh sq.ft 15,000 600 KW India's first and largest automated B2B sorting center operational from March 2022
Operational
Pune 1.40 lakh sq.ft 11,000 280 KW Equipped with AI cross-belt sorter speeds up sorting, minimizing errors for faster deliveries and reduced inventory times Automation at the Taj Nagar and Chakan, Pune sorting centres significantly reduces throughput time, enhancing efficiency. The automation system has efficiency of 15,000 packages per hour (PPH) at Taj Nagar and 11,000 packages per hour (PPH) at Chakan, Pune, which reduces sorting time by 40% Inhouse ERP and Automation 24x7 Higher Capacity Utilization Enhanced Profitability Shorter Turnaround Time Enhance Customer Satisfaction 5 5 Expanding Service Offering: Surface Express Express solutions with over 60,000 locations with fully containerized fleet of vehicles, offers customized value-added services to meet customer's requirements Over 50K pickup locations and 60K delivery locations ensuring seamless nationwide coverage Fully containerized vehicles for secure and efficient transportation Fast, time-definite deliveries tailored to cus
Notes
1. 2. EBITDA includes other income All Margins are calculated on Total Income 15 15 Financial Highlights Standalone 1,261.0 1,221.1 Consolidated 1,261.0 Fig in Cr. 1,221.7 e u n e v e R A D T I B E T A P 319.0 313.1 319.0 313.4 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 194.4 143.0 194.4 138.1 46.8 33.7 46.8 32.4 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 131.7 90.8 131.7 85.8 31.6 20.7 31.6 19.4 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 16 16 Q4 and FY2025 Financial Performance Q4 Y-o-Y Q3 Q-o-Q Y-o-Y Particulars (in Cr) FY2025 FY2024 % FY2025 Income from Operations Other Income Total Income EBITDA Margin (%) EBIT Margin (%) PBT Margin (%) PAT Margin (%) EPS
Notes
1. 2. EBITDA includes other income All Margins are calculated on Total Income 307.5 5.6 313.1 33.7 10.8% 27.8 8.9% 27.3 8.7% 20.7 6.6% 5.4 317.1 1.9 319.0 46.8 14.7% 41.9 13.1% 41.5 13.0% 31.6 9.9% 8.2 296.3 2.6 298.9 32.9 11.0% 27.7 9.3% 27.4 9.2% 20.7 6.9% 5.4 (3.0)% (1.9)% (27.9)% (33.7)% (34.2)% (34.6)% (34.7)% 17 % 3.8% 4.7% 2.3% 0.4% (0.4)% (0.1)% (0.0)% FY2025 FY2024 % 1,208.3 12.9 1,221.1 143.0 11.7% 121.4 9.9% 120.1 9.8% 90.8 7.4% 23.7 1,253.8 7.2 1,261.0 194.4 15.4% 175.4 13.9% 174.0 13.8% 131.7 10.4% 34.4 (3.6)% (3.2)% (26.4)% (30.8)% (30.9)% (31.1)% (31.1)% 17 FY2025 Highlights and Outlook Gross margins supported by consistent capacity utilization and ongoing operational efficiencies Total Income Rs. 1,221.1 Cr EBITDA Rs. 143.0 Cr 11.7% Margin EBIT Rs. 121.4 Cr 9.9% Margin Profit After Tax Rs. 90.8 Cr 7.4% Margin Key Highlights Outlook ➢ The capacity utilization during FY25 was at 82.5 ➢ The automation of sorting centers in Gurugram and Pune has boosted efficiency and strea
Notes
1. 2. EBITDA includes other income All Margins are calculated on Total Income 19 19 Key Ratios Delivering consistent growth and profitability for our shareholder Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 8.0 8.0 8.0 8.0 36.2% 37.7% 33.3% 21.7% 24% FY22 22% FY23 23% FY24 34% FY25 FY22 FY23 FY24 FY25 Current Ratio (x) Cash Conversion Ratio (%) 2.93x 2.40x 2.92x 3.18x 70.0% 73.0% 70.0% 83.0% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 • • ROCE has been calculated on the basis of core assets only Other Income has been excluded from EBIT for calculating ROCE 20 20 Cash Flow from Operations vs Free Cash Flows Unmatched combination of scale, expertise and technology resulting sustainable cash flow from operations 128.0 147.0 48.0 22.0 136.0 89.7 118.0 74.0 FY22 FY23 FY24 FY25 Cash Flow from Operations Free Cash Flows ➢ Cash flow from operations of Rs. 117.5 crore for FY2025 ➢ During FY2025, the company incurred capital expenditure of Rs. 36.81 Crores for expansion of our
Notes
1. 2. All financials are based on FY2025 reported numbers EBITDA and EBIT including Other Income 23 23 Consolidated Balance Sheet Particulars (Rs Crores) FY2024 FY2025 Particulars (Rs Crores) FY2024 FY2025 Assets Non-Current Assets Property, Plant and Equipment Right of Use Assets Capital Work in Progress Intangible Assets Financial Assets Investments Other Financial Assets Total Non-Current Assets Current Assets Financial Assets Trade receivables Cash & cash equivalents Other Bank Balances Other Financial Assets Investments Current Tax Assets ( Net) Other current assets Total Current Assets Total Assets 418.5 28.7 16.1 4.6 6.5 0.0 474.3 231.8 13.2 3.4 10.6 88.0 5.7 23.1 375.8 850.1 420.9 29.6 20.1 4.5 15.57 5.0 495.6 225.8 10.5 3.6 12.0 146.1 4.1 25.6 427.7 923.2 Equity and Liabilities Equity Equity Share Capital Other Equity Total Equity Liabilities Non-Current liabilities Lease liabilities Long Term Borrowings Deferred Tax liabilities (Net) Total Non-Current Liabilities Current liab