Commodity
LOWTrigger: Fuel is the largest operating cost in trucking; pass-through contracts eliminate structural exposure but real-time lags could create short-term margin volatility
Monitor: commodity
Tejas Cargo India Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +31.7%Weak8w Streak
In , Tejas Cargo India Ltd (Logistics) is outperforming Nifty 500 with +31.7% relative strength. Fundamentals: Weak. On a 8-week streak.
Tejas Cargo India Ltd Key Facts
- PE Ratio
- 44.5x
- Market Cap
- ₹932 Cr
- PAT Growth YoY
- -20%
- Revenue Growth YoY
- +31%
- OPM
- 20.0%
- RS vs Nifty 500
- +31.7%
Danger Bubble
What's Happening
⚠️PE rising despite falling earnings — price running ahead of reality
💪Debt reduced 18% YoY — balance sheet strengthening
💰Trading 35% above estimated fair value — significant premium
Key Risks
1. Commodity
LOW2. Regulatory
LOW3. Logistics
MEDIUMKey Numbers
PAT Growth YoY
-20%
Insufficient Data
Revenue YoY
+31%
Insufficient Data
Operating Margin
20.0%
-200 bps YoY
PE Ratio
44.5
Current Price
₹390
Fundamental Score
27/100
Weak
3Y PAT CAGR
+27%
Market Cap
932 Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Tejas Cargo India Ltd?
Earnings deceleration risks from management commentary
Regulatory
LOWTrigger: Coal logistics is an actively growing segment for Tejas; long-term coal block contracts provide visibility, but energy transition policy could eventually reduce coal transportation volumes
Monitor: regulatory
Logistics
MEDIUMTrigger: Annual contract renewals mean any of the top-10 clients could re-tender to lower-cost competitors; concentration at 78% is high for a Rs.808 crore MCap company
Monitor: logistics
Labor
LOWTrigger: India trucking sector faces chronic driver shortage; rapid fleet expansion without corresponding driver pool could constrain utilization growth
Monitor: labor
What Is Tejas Cargo India Ltd's Management Saying?
Key quotes from recent conference calls
“Diesel escalation is already there, so whenever the prices increases for diesel, we already are protected by the clients to increase the revenue in proportion to the diesel price increase. [Risk (commodity): LOW]”
“Coal market is growing right now. So, government focus is to go to renewable and everything. So now Coal India as a major supplier and major holder of the coal has opened multiple coal blocks for the supply till 2040. [Risk (regulatory): LOW]”
“so whenever we become a vendor, we have to bid for the lanes for a specific period. For example, Tata Steel might. start an auction for a plant in Jamshedpur, and the auction value is around Rs.250 crores... that work order is for one year and that is how the logistics industry works. [Risk (logistics): MEDIUM]”
“Our fleet is fully equipped with GPS, Geofence, ADAS, DSM, AI-enabled cameras, Digital Locks and Automatic Route Alerts. [Risk (labor): LOW]”
How Fast Is Tejas Cargo India Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +31% | +23% | Insufficient Data |
| PAT (Net Profit) | -20% | +27% | Insufficient Data |
| OPM | 20.0% | -200 bps | Contracting |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Other Top Logistics Stocks Beating Nifty 500
Frequently Asked Questions: Tejas Cargo India Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Tejas Cargo India Ltd's latest quarterly results?
Tejas Cargo India Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: -20.0% (insufficient_data)
- Revenue Growth YoY: +31.3%
- Operating Margin: 20.0% (contracting)
Is Tejas Cargo India Ltd's profit growing or declining?
Tejas Cargo India Ltd's profit is declining with an insufficient_data trend.
- PAT Growth YoY: -20.0% (latest quarter)
- PAT Growth QoQ: -38.5% (sequential)
- 3-Year PAT CAGR: +27.1%
- Trend: Insufficient_data — consistent growth pattern
What is Tejas Cargo India Ltd's revenue growth trend?
Tejas Cargo India Ltd's revenue growth trend is insufficient_data.
- Revenue Growth YoY: +31.3%
- Revenue Growth QoQ: +8.3% (sequential)
- 3-Year Revenue CAGR: +22.5%
How is Tejas Cargo India Ltd's operating margin trending?
Tejas Cargo India Ltd's operating margin is contracting.
- Current OPM: 20.0%
- OPM Change YoY: -2.0% basis points
- OPM Change QoQ: +6.0% basis points
What is Tejas Cargo India Ltd's 3-year profit and revenue CAGR?
Tejas Cargo India Ltd's long-term compounding rates
- 3-Year Profit CAGR: +27.1%
- 3-Year Revenue CAGR: +22.5%
Is Tejas Cargo India Ltd's growth accelerating or decelerating?
Tejas Cargo India Ltd's earnings growth is insufficient_data with mixed signals on a sequential basis.
- YoY Acceleration: -64.4% bps
- Sequential Acceleration: -68.5% bps
- Margin Warning: Operating margins are under pressure
Is Tejas Cargo India Ltd overvalued or undervalued?
Tejas Cargo India Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 44.5x
- Price-to-Book: 4.8x
What is Tejas Cargo India Ltd's current PE ratio?
Tejas Cargo India Ltd's current PE ratio is 44.5x.
- Current PE: 44.5x
- Market Cap: 932 Cr
How does Tejas Cargo India Ltd's valuation compare to its history?
Tejas Cargo India Ltd's current PE is 44.5x.
- Current PE: 44.5x
- Valuation Assessment: Significantly Overvalued
What is Tejas Cargo India Ltd's price-to-book ratio?
Tejas Cargo India Ltd's price-to-book ratio is 4.8x.
- Price-to-Book (P/B): 4.8x
- Book Value per Share: ₹81
- Current Price: ₹390
Is Tejas Cargo India Ltd a fundamentally strong company?
Tejas Cargo India Ltd is rated Weak with a fundamental score of 27.11/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +31.3% (10% weight)
- PAT Growth YoY: -20.0% (10% weight)
- PAT Growth QoQ: -38.5% (10% weight)
- Margins contracting (10% weight)
Is Tejas Cargo India Ltd debt free?
Tejas Cargo India Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹220 Cr
What is Tejas Cargo India Ltd's return on equity (ROE) and ROCE?
Tejas Cargo India Ltd's return ratios over recent years
- FY2025: ROCE 16.0%
- FY2026: ROCE 12.0%
Is Tejas Cargo India Ltd's cash flow positive?
Tejas Cargo India Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹59 Cr
- Free Cash Flow (FCF): ₹-67 Cr
- CFO/PAT Ratio: 281% (strong cash conversion)
What is Tejas Cargo India Ltd's dividend yield?
Tejas Cargo India Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹390
Who holds Tejas Cargo India Ltd shares — promoters, FII, DII?
Tejas Cargo India Ltd's shareholding pattern (Mar 2026)
- Promoters: 74.7%
- FII (Foreign): 12.1%
- DII (Domestic): 0.0%
- Public: 13.2%
Is promoter holding increasing or decreasing in Tejas Cargo India Ltd?
Tejas Cargo India Ltd's promoter holding has increased recently.
- Current Promoter Holding: 74.7% (Mar 2026)
- Previous Quarter: 74.3% (Sep 2025)
- Change: +0.44% (increasing — positive signal)
How long has Tejas Cargo India Ltd been outperforming Nifty 500?
Tejas Cargo India Ltd has been outperforming Nifty 500 for 8 consecutive weeks, indicating consistent outperformance.
Is Tejas Cargo India Ltd a new momentum entry or an established outperformer?
Tejas Cargo India Ltd is an established outperformer with 8 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Tejas Cargo India Ltd?
Tejas Cargo India Ltd has 4 key risks worth monitoring
- [LOW] Commodity — Fuel is the largest operating cost in trucking; pass-through contracts eliminate structural exposure but real-time lags could create short-term margin volatility
- [LOW] Regulatory — Coal logistics is an actively growing segment for Tejas; long-term coal block contracts provide visibility, but energy transition policy could eventually reduce coal transportation volumes
- [MEDIUM] Logistics — Annual contract renewals mean any of the top-10 clients could re-tender to lower-cost competitors; concentration at 78% is high for a Rs.808 crore MCap company
- [LOW] Labor — India trucking sector faces chronic driver shortage; rapid fleet expansion without corresponding driver pool could constrain utilization growth
What did Tejas Cargo India Ltd's management say in the latest earnings call?
In H1 FY26, Tejas Cargo India Ltd's management highlighted
- "Diesel escalation is already there, so whenever the prices increases for diesel, we already are protected by the clients to increase the revenue in pr..."
- "Coal market is growing right now. So, government focus is to go to renewable and everything. So now Coal India as a major supplier and major holder of..."
- "so whenever we become a vendor, we have to bid for the lanes for a specific period. For example, Tata Steel might. start an auction for a plant in Jam..."
Is Tejas Cargo India Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Tejas Cargo India Ltd may be worth studying
- Cash flow is positive — CFO ₹59 Cr
What is the investment thesis for Tejas Cargo India Ltd?
Tejas Cargo India Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +31.3% YoY
Risk Factors (Bear Case)
- Margins under pressure
- Appears significantly overvalued
- Key risk: Commodity
What is the future outlook for Tejas Cargo India Ltd?
Tejas Cargo India Ltd's forward outlook based on current data signals
- Earnings Trend: insufficient_data
- Revenue Trend: insufficient_data
- Margin Trend: contracting
- Valuation: Significantly Overvalued
- Key Risk: Commodity
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.