Logistics · TCIEXP
Logistics - Warehousing/Supply Chain
from 551 today
TCI Express reported better than expected Q1FY27 results driven by volume growth across SMEs, manufacturing, pharmaceuticals, automotive and e-commerce. We raise our FY27/28 EPS estimates and maintain our 'HOLD' rating with a June-27 TP of INR620 based on 25x June-28E EPS.
TCIEXP reported a broadly in-line operational performance in Q1FY27 with a volume growth of 7.3% YoY. Given the recent rally in stock price, we downgrade our rating to HOLD with a target price of INR576 based on 19x FY28E EPS.
TCI Express reported an in-line performance in 1QFY27, backed by healthy surface segment growth and a recovery in SME demand. We reiterate our Neutral rating with a revised target price of INR570 based on 20x FY28E EPS.
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