Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 3353.84 Crore) operating in Logistics sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 700.21 Crore, down -22.54 % from last quarter Total Income of Rs 903.97 Crore and up 71.30 % from last year same quarter Total Income of Rs 408.76 Crore. Company reported net profit after tax of Rs 44.01 Crore in latest quarter.
Investment Rationale
TCI captures higher wallet share of its customers by providing diversified range of services via a single window. The variety of services also helps TCI to ride over volatile periods.
- Higher online purchases leading to shifts in supply chains
- Strong fundamentals (b/s, CF) together with improvement in margins and higher asset turnover, is expected to push return ratios to 16-17% in FY23
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