Transport Corporation of India Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 1, 2021

Motilal Oswal has a price target of Rs 790 for Transport Corporation of India’s stock

In its research report dated November 30, 2021, Motilal Oswal is positive on the BUY rating indicated by Transport Corporation of India on the company, with a target price of Rs 790.

We recently launched our Logistics thematic report (link to report), in which we highlighted the logistics sector’s formalisation efforts. We saw that some of the established firms, such as Transport Corporation, would benefit greatly from this (TCI). TCI’s stock price has increased by 45 percent since our inception, and we feel there is more room for growth.

Over the next five years, TCI’s unique multimodal capabilities will generate ongoing growth in volumes and profitability. Margins are likely to stay high despite lower gasoline costs (thanks to tax reduction). TCI’s portfolio is well-balanced, including high-volume freight segments, value-added sectors like integrated supply chain solutions, and specialist high-margin segments like sewage.

Outlook

TCI’s Revenue/EBITDA/PAT CAGR for FY 2011-24 is expected to be 17 percent, 25 percent, and 33 percent, respectively. With a revised TP of INR790/share, we maintain our BUY recommendation (16x FY24E EPS).

Moneycontrol.com is the source for this information.


10 AUGUST 2021

Target Price for Transport Corporation of India: Rs 541: Sharekhan

Sharekhan is optimistic on Transport Corporation of India, recommending a BUY rating on the company with a target price of Rs 541 in a research report dated August 04, 2021.

TCI reported revenue that was roughly in line with expectations for Q1FY2022, while OPM delivered a positive surprise, resulting in considerable improvements in net income. For FY22, management has kept its sales and net profit growth forecasts.

With the start of the holiday season in August 2021, management detects early symptoms of inventory buildup. For FY2022, capex is expected to be in the range of Rs 150-200 crores, with a debt-to-equity ratio at an all-time low. If given the chance, strong OCF and minimal leverage can help inorganic development.

Outlook

We maintain our buy recommendation on TCI Ltd, with a price target of Rs 541, based on its high growth prospects and good positioning.

Moneycontrol.com is the source for this information.


10 JUNE 2021

ICICI Direct has a target price of Rs 490 for Transport Corporation of India’s stock.

ICICI Bank is positive on Direct Transport Corporation of India, recommending a BUY rating and a target price of Rs 490 in a research note dated May 27, 2021.

TCI had a great set of results in Q4FY21. Revenue increased by 27% year on year (and 11% quarter on quarter) to Rs 797 crore. Sewage sector grew 25 percent sequentially and 24 percent YoY, followed by Freight division (18 percent QoQ, 20 percent YoY) and SCM division (flat QoQ, 41 percent YoY, low) due to be basis in Q4FY20.

EBITDA margin grew 147 basis points to 10.7% in Q4FY20, owing to a combination of greater gross margin (19.5% versus 19%), lower employee-to-sales ratio (5.3 percent vs 6% in Q4FY20), and reduced other expense ratios. EBITDA increased by 48 percent year on year to Rs 86 crore. Furthermore, PAT increased by 69 percent year on year to Rs 53 crore (extraordinary expenditure of Rs 3.5 crore on account of loss in wind power plant and investment in a subsidiary, impacting profitability to some extent).

Outlook

We retain our BUY rating and price the stock at Rs 490/share (SOTP basis) (previously Rs 320).

Moneycontrol.com is the source for this information.


22 MARCH 2021

Target Price for Transport Corporation of India: Rs 354: Sharekhan

Sharekhan is optimistic on Transport Corporation of India, recommending a BUY rating on the company with a target price of Rs 354 in a research report dated March 22, 2021.

TCI is well positioned to profit from a high growth prognosis for logistics, given its six-decade track record of providing integrated multi-modal transportation and supply chain solutions. In addition to expanding stakes in LTL freight and adding value to FTL freight, the resurrection of auto and non-auto SCM, as well as the expansion of the sewage business, will enable PAT grow at a 15 percent CAGR in FY 2021-FY2023. The primary growth drivers will be GST-led tailwinds, the impact of COVID-19, the government’s emphasis on Atma Nirbhar Bharat, and global supply chain re-alignment.

Outlook

We start coverage on Transport Corporation of India Limited (TCI) with a BUY recommendation and a price objective of Rs.354 based on the SOTP.

Moneycontrol.com is the source for this information.


10 FEBRUARY 2021

ICICI Direct has a target price for Transport Corporation of India’s stock of Rs 320.

ICICI Bank is positive on Direct Transport Corporation of India, recommending a BUY rating on the company with a target price of Rs.320 in a research note dated February 4, 2021.

TCI (Transport Corporation of India) posted a great set of results for the third quarter of fiscal year 21. Revenue increased by 17 percent quarter-on-quarter and 10.5 percent year-on-year to Rs 715 crore. The SCM sector grew 19 percent QoQ and 24 percent YoY, followed by the Freight division (18 percent QoQ and 2% YoY) and the Shipping division (11 percent QoQ and 5% YoY).

EBITDA margin increased 86 basis points year over year to 10.5 percent, owing to better gross margin (19.5 percent against 19 percent) and a lower employee-to-sales ratio in Q3FY20 (5 percent versus 5.7 percent in Q3FY20). EBITDA increased by 20% year on year to Rs 75 crore. In addition, PAT grew by 25% year on year to Rs 40 crore (extraordinary expenditure of Rs 10 crore impacts profitability to some extent).

Outlook

We retain our BUY recommendation on the company and value it at Rs 320/share (previous objective of Rs 280/share).

Moneycontrol.com is the source for this information.


Disclaimer: The views and investment tips expressed by investment expert on Stock consultant bihar are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar
Logo