Transport Corporation of India Limited has informed the Exchange about Investor Presentation
29th July, 2025
To,
Listing Department BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street – Mumbai- 400001
Listing Department National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400051
Scrip Code: 532349
Scrip Symbol: TCI
Sub: Investors’ Presentation for the 1ST Quarter ended on 30th June, 2025
Dear Sir/Madam,
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Investors’ Presentation for the 1ST Quarter ended on 30th June, 2025.
This is for your information, records and wide dissemination to the public at large please.
Thank you, Yours Faithfully,
For Transport Corporation of India Limited
Ashish Kumar Tiwari Group CFO
Encl: a/a
Investor Presentation Q1 FY2026
29th July 2025
TCI: Consolidated Corporate Overview
Freight Div.
Supply Chain Div.
Seaways Div.
Standalone SBUs
Subsidiaries / JVs
Integrated Strengths
67 Years
of industry leadership
$550+Mn
Consolidated Revenue
3
AFTO Trains
06
10K
Domestic Coastal Ships
Trucks in Operations
16+ MnSq.ft.
Managed Warehouse Space
2500+
Train movement
75000+
Clean Fuel Trips
22K+
Cold Pallets positions
250+
Reefer Vehicles
750+
ISO Containers
8.5K+
GP Containers
3.5K+
Employees Strength
1K+
2%
IT Enabled Own Offices
Moving India’s GDP by Value
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 technology sectors through PLI Increasing Exim oriented manufacturing and integration with global supply chains
Company Strategy: Everything Logistics
Wide Range Of Bespoke Solutions and Services for Diverse Industries
Strong Multimodal Capabilities & Network
Technology & Automation Driven Operations
Creating Value in High Growth Industry Sectors
Wide range of Services under Single Window
Customized Solutions for Diverse Industries
The Result: Digitally Advanced Sustainable Solutions
Strong Multimodal Network and Capabilities
Rail
Coastal
High end CBU logistics
Container movement
Cross border movement
Chemicals Logistics
Rake Movement 625 Q1 FY’26 vs 540 Q1 FY’25 (2500 in FY’25)
Own Trains : 3 AFTO
Container Management
Yards & Terminals
Intl/Exim Baffle/ISO Marine
TEUs Handled: 38K Q1 FY’26 vs 33K Q1 FY’25 (154K in FY’25)
CBUs Handled: 75K Q1 FY26 vs 80K Q1 FY’25 (310K in FY’25)
225K+ Green points saved for customers
Ship Deployed : 6
DWT : 77,957
GP containers : 8,500+
No. of Yards & Terminals managed
Yards : 67
Terminals : 70
We saved 1.6 lacs Tonnes of e-CO2 in terms of GHG emissions in year FY’25
Technology & Automation Driven Operations
Engineering and Industrial
Strong Tech Team
Security Operation Centre
Workman Management System
Freight Exchange Platform
Geo Fencing, E-Invoice, E-Waybill, GST
Version Control
Repository System
Dev Ops lifecycle Tool
IOT Devices
GPS & GIS
Temperature Sensors
RFID’s
Project Management System
Barcode Scanners
Tech enabled Infrastructure
Central Monitoring System
Digital Transformation
Customers & Suppliers
Vehicle Tracking System
Center of Excellence
CRM
High Availability Disaster Recovery
Robotics Process Automation
Customer Portal & App
Logistics Control Tower
Fleet Management System
Data Analytics
Business Process Optimization
Artificial Intelligence & ML
Business Intelligence Tool
Control tower
SRM & app
Supplier Performance Management
Present Across High Growth Industry Sectors
Chemical and Pharma
Increasing demand for specialty chemicals
Rising awareness about health care
Engineering and Industrial
Increasing Government spend on infrastructure
Growth in size of GDP
PLI, 100% FDI in select sectors
Metals and Construction Material
Increasing Investment in Core sector
Infrastructure development
Agriculture, Food grains
Increasing use of technology in crop production, soil fertility
Increasing population density and Gov. focus to stabilize supply chains around distribution
Consumption driven sectors: FMCG, Retail, FMCD, Apparel, Textiles etc.
Increasing per capital income
Rise of middle-class and youth population
Expansion of E-com to tier 3/4/5 cities
Automotive (Mobility and Industrial)
Untapped 4W market, 3% penetration vs 22% in China. India is 4th largest market
Rising middle class population
Infrastructure spend
Key Highlights
n M n
i
e u n e v e R d e t a d
i l
o s n o C
9%
11506
10%
10560
13%
11314
7%
10048
6%
9583
14%
11539
4%
10115
9%
11972
10%
10955
14000
12000
10000
8000
6000
4000
2000
0
Q1
Q2
Q3
Q4
2024
2025
2026
20th consecutive quarters of higher growth on YoY basis
Growth momentum continued amidst moderate economic trends.
Remained resilient with well-diversified service offerings, multi-sectoral
presence and wide customer base
Strong Liquidity with surplus cash surplus of 280 Cr
11
TCI Freight Division: Industry Nature & Trends
Industry
Growth Drivers
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
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
25 Strategically located hubs
750+ IT Enabled Owned offices
Control Towers Single Window Control & Visibility
Cross Border Deliveries across SAARC-BBIN
5,000+ Truck under Operation
24X7 Customer Support
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.
Our Services
Less Than Truck Load (LTL)
Full Truck Load (FTL)
Over Dimensioned Cargo
Project & Heavy Haul
Cross Border Logistics
Storage Solutions
Containerized Services
CHA Facility
Value Added Services
TCI Freight Division: Key Operational Highlights
Fig in Mn
Particulars
Q1 FY26
Q1 FY25
Gr%
FY25
FY24
Gr%
Revenue
4112
4187
-1.8% 17110
16399
4.3%
Flattish Revenues amid weakness in Infra and capital goods sectors and moderate economic activity Continued focus on network expansion to increase LTL. 40 new branches opened in FY25 (Target FY26: 50)
EBDITA
% to Revenue
EBIT
% to Revenue
16,000
11,000
6,000
1,000
125
148
-15.9%
533
605
-11.9%
3.0%
3.5%
3.1%
3.7%
70%
20%
65%
35%
65%
35%
64%
36%
64%
36%
63%
37%
60% 40%
111
135
-18.0%
479
557
-14.1%
FY22
FY23
FY24
FY25
Q1 FY26
FY27 ( E)
2.7%
3.2%
2.8%
3.4%
LTL
FTL
3.6%
4.2%
4.2%
3.4%
2.8%
11,507
13,716
15,970
16,399
17,110
4,000
3,000
2,000
1,000
0
17.8%
25.5%
27.6%
20.0%
16.0%
2,299
2,225
2,616
2,945
3,060
2020-21
2021-22
2022-23
2023-24
2024-25
2020-21
2021-22
2022-23
2023-24
2024-25
Revenue (mn.)
EBIT (%)
Capital Emp.(mn.)
ROCE (%)
14
TCI Supply Chain Division: Industry Trends
Industry
Growth Drivers
Market Size USD 15 Bn
Relatively less fragmented with relatively organized market
3PL Growth CAGR 15%
60% constitute road movements
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
3PL penetration is 4.5% Vs 11% Globally
EV/alt fuel impact on 3PL for automotive
4,000+ Vehicles under Operation Owned:1200
1,250+ Mn Production Logistics Parts Handled
16+ Mn Sq. ft. Warehousing Space Managed
67 Yards Managed
150+ Trains Operated per Month
TCI Supply Chain Division: Our Edge
Comprehensive Multi-Industry Expertise
Integrated End-to-End Solutions3.
Technology-Driven, Integrated Operations
Proven Scalability and Flexibility
Commitment to Sustainability and Compliance
Connecting the Entire Value Chain
Professional Team Expertise and Experience
Alignment with International Quality Standard
Capability to Drive Superior HSE Outcomes Across Industries
TCI Supply Chain Division: Key Operational Highlights
Particulars
Q1 FY26
Q1 FY25
Gr%
FY25
FY24
Gr%
Growth momentum continued amidst addition of new contracts and expansion in existing contracts
Revenue
4270
3861
10.6% 16367 14502
13%
416
357
16.4% 1569
1382
14%
Good traction in warehousing, and multimodal services & expansion of hub & spoke network for auto
EBDITA
% to Revenue
EBIT
% to Revenue
17,500
12,500
7,500
2,500
9.7%
9.3%
9.6%
9.5%
Margins stable and remained resilient to various cost pressures
264
238
10.6% 1024
936
9%
6.2%
6.2%
6.3%
6.5%
To strengthen green logistics two more Rail-Rakes ordered & expected in next 12-15 months
6.4%
6.1%
6.1%
6.5%
6.3%
9,344
10,015
12,763
14,502
16,367
6,000
4,000
2,000
0
18.5%
18.4%
22.6%
23.6%
20.8%
3,431
3,237
3,650
4,271
5,587
2020-21
2021-22
2022-23
2023-24
2024-25
2020-21
2021-22
2022-23
2023-24
2024-25
Revenue (mn.)
EBIT (%)
Capital Emp.(mn.)
ROCE (%)
17
TCI Seaways: Industry trends
Cargo volume surged from 73 MT (2014–15) to 162+ MT (2023–24); projected to exceed 220 MT by 2030.
National waterways expanded from 5 to 111, with operational length rising from 2,716 km to 4,894 km.
Policy boosts like Sagarmala and the Coastal Shipping Bill, 2024 are driving infrastructure upgrades and cost-efficiency.
Coastal cargo traffic grew 119% in the last decade; inland/coastal shipping offers lower costs, sustainability, and road/rail decongestion.
Government targets doubling modal share of waterways from 6% to 12% by 2030, with $120B+ investment backing.
1% 0%
6%
33%
Rail Road Coastal Air Inland
60%
TCI Seaways: Our Edge
One of the leading multimodal coastal players having presence along the Western, Eastern & Southern ports of India
Expertise in coastal shipping services, container & bulk cargo movements, and transportation services
First-mile and last-mile connectivity via rail & road
Multi-modal solutions with reduced carbon footprint (Green logistics)
06 Mn Domestic Coastal Ships
8,500+ Own Multipurpose Marine Containers
77,975 DWT Total Capacity
7 Out of 12 Major Ports Served
TCI Seaways Division: Key Operational Highlights
Fig in Mn
Particulars
Q1 FY26
Q1 FY25
Gr%
FY25
FY24
Gr%
Favorable freight rates Avg fuel price remained weaker One ship dry-docked during Q1 , 2 more are scheduled this year
Revenue
1482
1339
10.7% 5877
5224
13%
Avg. MT Price of Low Sulpher Fuel
EBDITA
664
534
24.2% 2459
2091
18%
% to Revenue
44.8% 39.9%
41.8% 40.0%
EBIT
581
403
44.0% 2004
1385
45%
T M / R N
I
70000
60000
50000
40000
30000
39.2% 30.1%
34.1% 26.5%
APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR
FY24
FY25
FY26
4,000
19.9%
33.6%
29.4%
26.5%
34.1%
2,000
0
3,692
5,332
5,593
5,224
5,877
4,000
3,000
2,000
1,000
0
46.5%
44.6%
40.6%
58.3%
18.1%
3,909
3,780
3,593
3,228
3,644
2020-21
2021-22
2022-23
2023-24
2024-25
2020-21
2021-22
2022-23
2023-24
2024-25
Revenue (mn.)
EBIT (%)
Capital Emp.(mn.)
ROCE (%)
20
% to Revenue
6,000
21
TCI’s Joint Ventures
Q1 FY26 (FY25) (fig in mn)
Revenue
Y-o-Y Growth
Capital Employed
Strategic Partner Share
1,154 (4,556)
33% (31.8%)
689 (592)
49%
261 (941)
18.8% (16.3%)
1,038 (937)
20%
2,940 (11,837)
11.1% (17.2%)
3,261 (3,691)
51%
TCI Concor - Operates on asset-light model building upon its capabilities of integrated multimodal logistics solutions Chemicals, Food Grains, Metals etc.
TCI Coldchain Services - catering to temperature controlled Warehousing along with primary & secondary distribution requirements.
Transystem - Focused on automotive logistics of Japanese clients
Financial Highlights
Standalone
Consolidated
40588
9.3%
37135
45385
11.5%
40700
5.0%
10338
9843
9.0%
11506
10560
Q1 FY25
Q1 FY26
12M FY24
12M FY25
Q1 FY25
Q1 FY26
12M FY24
12M FY25
5591
13.9%
4908
5937
12.3%
5285
12.2%
1629
1452
12.0%
1513
1351
e u n e v e R
A T I D B E
Q1 FY25
Q1 FY26
12M FY24
12M FY25
Q1 FY25
Q1 FY26
12M FY24
12M FY25
3959
20.7%
3279
4160
17.4%
3545
T A P
1052
18.0%
1242
17.1%
1072
916
Q1 FY25
Q1 FY26
12M FY24
12M FY25
Q1 FY25
Q1 FY26
12M FY24
12M FY25
*Console EBIDTA includes TLI’s share of profit minus Exceptional Items.
22
Consistent performance: Key financial Indicators
EV/EBIDTA
15.0
13.0
13.1
11.0
10.2
FY22
FY23
FY24
FY25
Q1 FY26
Consolidated Profit After Tax
1,432
1,504
2,928
3,206
3,545
4160
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
4,000
3,000
2,000
1,000
0
Return on Capital Employed
24.6%
26.2%
24.0%
24.0%
29.3%
12,631
13,449
15,076
17,893
18,441
FY22
FY24 FY23 Capital Employed Excl. Cash (mn)
FY25 ROCE (%)
Q1 FY26
Return on Net Worth
22.3%
21.1%
19.2%
20.7%
24.2%
11,967
14,404
17,078
19,146
20,491
15,000
10,000
5,000
0
21,000
16,000
11,000
6,000
1,000
FY20
FY21
FY22
FY23
FY24
FY25
FY22
FY23
FY24
FY25
Q1 FY26
Avg Net Worth (mn.)
Return on Net Worth (%)
Consistent performance: Key financial Indicators
Particulars
Market Cap
Debt Incl. Leases
Cash equivalents
Enterprise Value
P/E
EV/EBITDA
52 Week High
52 Week Low
UOM
Rs Mn.
Rs Mn.
Rs Mn.
Rs Mn.
Nos
Nos
Rs/share
Rs/share
30th Jun’25
Shareholding Pattern as on 30th Jun’2025
86,683
1,912
(3,124)
85,471
20.2
13.1
1309
876
1% 11%
4%
4%
11%
PROMOTORS
INDIAN PUBLIC
FOREIGN HOLDINGS
BODY CORPORATE
MUTUAL FUND
OTHERS
69%
400%
300%
200%
100%
0%
14.3%
17.3%
17.9%
16.9%
15.6%
125%
300%
350%
350%
400%
FY21
FY22
FY23
FY24
FY25
Dividend Ratio
Dividend Payout Ratio
CRISIL & ICRA Long term Rating : AA ( Stable)
ICRA Short Term Rating CP : A1+
DnB Rating: 5A1
Stock returned CAGR of 31% in last 25 years
Stock coverage : 13 Buy Rating : 13
24
Nurturing Sustainable Stewardship
Environmental Nurturing Environment for a Healthier Planet
Social Health Safety & Empowerment Societal Impact & Nation Building
Governance Trust, Dependability & Resilience
2500+ trains movement in FY 25 & got more than 225K+ Green Points earned from Railways. Produced 14.6 Mn renewal green energy units. 154K TEUs handled through multimodal . Under Green Trucking , engaged 3500 CNG, 75K+ trips thru CNG vehicles TCI IIM-B made TEMT tool ISO:14083 certified by SGS for emission measurement - Push is to standardize this for all emissions measurements in India.
Bharat Mobility - Road safety events under TCI Safe Safar across 9 states engaging 50K+ drivers Health initiatives across 18 states administering 15+ Lakh Vaccinations & other Health services to 22 Lakh people. Artificial limb center has empowered 2112 beneficiaries to stand on their feet again. Urmila Sports Academy trained players for National & International sports events, winning 53 Medals.
Strong and diverse Board Started BRSR in FY’22 voluntarily Long term performance-linked robust remuneration system Configuration & Integration for data security Comprehensive Enterprise risk management and Business continuity plan.
Thought leadership: Case Studies & Industry Knowhow
Case Study Compilations
Industry Knowhow Articles
Future Outlook
Overall economic trends were moderate this this quarter with mixed sectorial trends
Geo-political developments , Government’s push on infra. , demand recovery during festivity , easing inflation and monetary policy rates are the major factors to watch
Revenue and Profit growth outlook remains at 10-12%
Fig in Mn
Hub Center & Small WH
Ship
Container
Trucks & Rakes
Others (W/H Equip, IT
Total
Actual (FY07 to FY25)
FY26 Budget
7,444
3,989
1,704
6,474
2,142
21,752
1,320
1,350
120
1,280
430
4,500
Q1 FY26 Actual
139
-
7
262
186
594
Transport Corporation of India Limited TCI House, 69 Institutional Area, Sector 32, Gurugram – 122001 Call: +91 - 124 - 2381603-07 Mail: finance.mis@tcil.com CIN: L70109TG1995PLC019116 Find Us: www.tcil.com