Transport Corporation of India Ltd (TCI), founded in 1958 and headquartered in Gurugram, Haryana, is a prominent player in the logistics and supply chain management sector in India. As part of the TCI Group, the company operates under various brands, including TCI Supply Chain Solutions, TCI Express, TCI Freight, TCI Global, TCI Seaways, and TCI Foundation. Its diverse business segments encompass Freight, Supply Chain Solutions, Seaways, and Energy, offering a broad spectrum of services such as full truckload and less-than-truckload transportation, over-dimensional cargo handling, project heavy haul, supply chain network design, warehousing management, multimodal transportation, and inventory management. With a robust infrastructure comprising over 14 million sq. ft. of certified warehousing space, a fleet of more than 10,000 trucks, and six ships, TCI ensures efficient and reliable logistics solutions. The company extends its operations internationally, particularly across India and South East Asia. Guided by core values of quality, sustainability, customer satisfaction, and innovation, TCI is committed to delivering high-quality services, reducing its environmental footprint, and leveraging technology to meet client needs effectively.
Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
Promoters + | 68.95% | 68.92% | 68.92% | 68.93% | 68.78% |
FIIs + | 2.58% | 2.61% | 2.67% | 2.92% | 3.01% |
DIIs + | 12.87% | 12.81% | 12.18% | 12.18% | 12.36% |
Public + | 15.61% | 15.65% | 16.22% | 15.97% | 15.84% |
No. of Shareholders | 42,383 | 41,164 | 43,736 | 43,822 | 49,571 |
The shareholding pattern of Transport Corporation of India Ltd reveals consistent trends in stakeholder distribution over recent quarters. As of September 2023, the promoters held 68.95% of the company’s shares, with a slight dip to 68.78% by September 2024, indicating stable control by the promoters. Foreign Institutional Investors (FIIs) steadily increased their stake from 2.58% in September 2023 to 3.01% by September 2024, showcasing growing international interest. Domestic Institutional Investors (DIIs) experienced minor fluctuations, starting at 12.87% in September 2023, dipping to 12.18% in March and June 2024, and recovering to 12.36% by September 2024. The public shareholding slightly rose from 15.61% in September 2023 to a peak of 16.22% in March 2024 before settling at 15.84% by September 2024. The number of shareholders also showed significant growth, increasing from 42,383 in September 2023 to 49,571 by September 2024, indicating rising investor confidence and interest in Transport Corporation of India.
Below are the trading platforms that you can use to purchase Transport Corporation of India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
January 2025 | 1,231.05 | 946.96 |
February 2025 | 1,243.49 | 956.53 |
March 2025 | 1,269.60 | 976.62 |
April 2025 | 1,257.03 | 966.95 |
May 2025 | 1,220.42 | 938.78 |
June 2025 | 1,275.34 | 981.03 |
July 2025 | 1,250.33 | 961.79 |
August 2025 | 1,289.00 | 991.54 |
September 2025 | 1,304.47 | 1,003.44 |
October 2025 | 1,338.39 | 1,029.53 |
November 2025 | 1,371.85 | 1,055.27 |
December 2025 | 1,433.58 | 1,102.75 |
As we move through 2025, the share prices of Transport Corporation of India are expected to exhibit a consistent upward trend. Starting in January, the maximum price is projected at ₹1,231.05, with a minimum of ₹946.96. By December, the maximum price is anticipated to rise to ₹1,433.58, with a minimum of ₹1,102.75. This trajectory reflects a year of steady growth for Transport Corporation of India.
When | Maximum Price | Minimum Price |
January 2026 | 1,476.59 | 1,135.84 |
February 2026 | 1,439.67 | 1,107.44 |
March 2026 | 1,468.46 | 1,129.59 |
April 2026 | 1,498.43 | 1,152.64 |
May 2026 | 1,483.60 | 1,141.23 |
June 2026 | 1,520.69 | 1,169.76 |
July 2026 | 1,490.87 | 1,146.82 |
August 2026 | 1,536.98 | 1,182.29 |
September 2026 | 1,567.72 | 1,205.94 |
October 2026 | 1,608.48 | 1,237.29 |
November 2026 | 1,648.69 | 1,268.22 |
December 2026 | 1,689.91 | 1,299.93 |
As we step into 2026, the share prices of Transport Corporation of India are expected to continue their upward trajectory. In January, the maximum price is projected to reach ₹1,476.59, with a minimum of ₹1,135.84. By December, the prices are anticipated to climb further, with a maximum of ₹1,689.91 and a minimum of ₹1,299.93.
When | Maximum Price | Minimum Price |
January 2027 | 1,706.81 | 1,312.93 |
February 2027 | 1,750.57 | 1,346.59 |
March 2027 | 1,818.84 | 1,399.11 |
April 2027 | 1,783.18 | 1,371.68 |
May 2027 | 1,731.24 | 1,331.73 |
June 2027 | 1,809.15 | 1,391.65 |
July 2027 | 1,773.68 | 1,364.37 |
August 2027 | 1,828.53 | 1,406.56 |
September 2027 | 1,892.53 | 1,455.79 |
October 2027 | 1,941.74 | 1,493.64 |
November 2027 | 1,990.28 | 1,530.98 |
December 2027 | 2,040.04 | 1,569.26 |
When | Maximum Price | Minimum Price |
January 2028 | 2,080.84 | 1,600.64 |
February 2028 | 2,134.19 | 1,641.69 |
March 2028 | 2,217.43 | 1,705.71 |
April 2028 | 2,173.95 | 1,672.27 |
May 2028 | 2,110.63 | 1,623.56 |
June 2028 | 2,205.61 | 1,696.62 |
July 2028 | 2,162.36 | 1,663.35 |
August 2028 | 2,229.24 | 1,714.80 |
September 2028 | 2,307.26 | 1,774.81 |
October 2028 | 2,367.25 | 1,820.96 |
November 2028 | 2,426.43 | 1,866.48 |
December 2028 | 2,487.09 | 1,913.15 |
When | Maximum Price | Minimum Price |
January 2029 | 2,536.83 | 1,951.41 |
February 2029 | 2,601.88 | 2,001.45 |
March 2029 | 2,703.35 | 2,079.50 |
April 2029 | 2,650.35 | 2,038.73 |
May 2029 | 2,573.15 | 1,979.35 |
June 2029 | 2,688.94 | 2,068.42 |
July 2029 | 2,636.22 | 2,027.86 |
August 2029 | 2,717.75 | 2,090.58 |
September 2029 | 2,812.87 | 2,163.75 |
October 2029 | 2,886.01 | 2,220.01 |
November 2029 | 2,958.16 | 2,275.51 |
December 2029 | 3,032.11 | 2,332.39 |
Financial Condition of Transport Corporation of India
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 2,718 | 2,802 | 3,259 | 3,783 | 4,024 | 4,247 |
Expenses + | 2,476 | 2,539 | 2,847 | 3,357 | 3,613 | 3,817 |
Operating Profit | 241 | 263 | 412 | 425 | 411 | 430 |
OPM % | 9% | 9% | 13% | 11% | 10% | 10% |
Other Income + | 34 | 31 | 44 | 70 | 119 | 129 |
Interest | 34 | 27 | 13 | 10 | 13 | 16 |
Depreciation | 82 | 93 | 113 | 121 | 128 | 125 |
Profit before tax | 159 | 174 | 330 | 364 | 388 | 418 |
Tax % | 10% | 14% | 11% | 12% | 9% | |
Net Profit + | 143 | 150 | 293 | 321 | 354 | 382 |
EPS in Rs | 18.53 | 19.08 | 37.45 | 40.91 | 45.12 | 48.7 |
Dividend Payout % | 11% | 13% | 11% | 17% | 16% |
The financial performance of Transport Corporation of India Ltd has shown steady growth over the years, reflecting its resilience and operational efficiency. Between March 2020 and March 2024, the company’s sales increased significantly, rising from ₹2,718 crore to ₹4,024 crore, with the Trailing Twelve Months (TTM) sales at ₹4,247 crore. This growth underscores Transport Corporation of India’s robust business operations and market presence.
Operating profit improved from ₹241 crore in March 2020 to ₹411 crore in March 2024, maintaining an OPM% in the range of 9% to 13%. Other income surged from ₹34 crore in March 2020 to ₹119 crore by March 2024, further supporting profitability. Interest expenses decreased significantly, showcasing improved financial management, while depreciation saw a gradual increase, reflecting ongoing investment in assets.
The company’s profit before tax grew from ₹159 crore in March 2020 to ₹388 crore in March 2024, with a TTM figure of ₹418 crore. Net profit more than doubled during this period, from ₹143 crore to ₹354 crore, with the TTM figure at ₹382 crore. Earnings per share (EPS) also rose significantly from ₹18.53 in March 2020 to ₹45.12 in March 2024, indicating enhanced shareholder value. Dividend payout percentages ranged between 11% and 17%, highlighting a consistent return to investors. Overall, Transport Corporation of India has demonstrated strong financial health and sustainable growth.
What did we learn?
- 1 Shareholdings Patterns of Transport Corporation of India
- 2 How to Purchase Transport Corporation of India Shares in India?
- 3 Transport Corporation of India Share Price Target 2025, 2026 to 2030
- 3.1 Transport Corporation of India Share Price Target 2025
- 3.2 Transport Corporation of India Share Price Prediction 2026
- 3.3 Transport Corporation of India Share Price Target 2027
- 3.4 Transport Corporation of India Share Price Target 2028
- 3.5 Transport Corporation of India Share Price Prediction 2029
- 3.6 Transport Corporation of India Share Price Target 2030
- 4 Financial Condition of Transport Corporation of India
- 5 FAQs
- 5.1 What is Transport Corporation of India current market capitalization?
- 5.2 What is the projected share price target for 2025?
- 5.3 What is the projected share price target for 2030?
- 5.4 What is Transport Corporation of India current Price/Earnings (PE) ratio?
- 5.5 What is the face value of Transport Corporation of India stock?
- 6 Conclusion