TCI Express share price today

TCI Express Ltd's share price was ₹501.35 at the close on 4 November 2026. It has been falling for 195 weeks. That is 7.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹459 and ₹633, and at that close it sat 24% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today TCI Express Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 9.9 years the share price moved +45% while the NIFTY 500 moved +218%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: foreign funds (FIIs) cut their stake for 4 quarters in a row.

1. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 0.9% to 0.8% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), TCI Express reported revenue of ₹313 crore, up 9.1% from ₹287 crore a year earlier, and a profit of ₹20.0 crore, up 5.3% from ₹19.0 crore.

TCI Express results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

TCI Express' management discussed these results on a call held on 6 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

TCI Express closed at ₹501.35 on 4 November 2026, down 20.8% from ₹633.20 a year earlier (7 November 2025) and down 74.9% over five years. Its highest weekly close since December 2016 was ₹2,283.90 on 10 December 2021.

TCI Express share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

520 weekly closes from 16 December 2016 to 4 November 2026.

4 Nov 2026: TCI Express closed at ₹501.35, up 4.4% on the week and down 0.8% on the month. 6 Aug 2026: TCI Express held its results call for April to June 2026. Management guided: FY27 volume growth 11%-12%, overall growth 13%-15% and profit growth 20%-25%.

Earlier

• Results for April to June 2026: Revenue up 9.1% and profit up 5.3% on a year earlier.
• 6 Feb 2026: ex-date for an interim dividend of ₹7 a share, record date 7 Feb 2026.

TCI Express paid ₹7 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.40% at the ₹501.35 close on 4 November 2026. The last was an interim dividend of ₹7 a share, ex-date 6 February 2026.

TCI Express dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. TCI Express Ltd paid out 33% of its profit as dividends in FY26, and it paid a dividend in each of its last 4 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 6 August 2026, TCI Express' management guided: FY27 volume growth 11%-12%, overall growth 13%-15% and profit growth 20%-25%.

“We are very clear about volume growth in the range of 11%-12%. Net price hikes will be around 3%. Overall, we will target growth in the range of 13%-15%. Our profit will then increase in the range of 20%-25% for the full year.”Bhakti, on the call for April to June 2026

What management guided

• FY27 net price hike described as mid-single digit in one exchange versus around 3% in another; conflicting Q&A answers.
• FY27 operating margin improvement of 100-150 basis points.
• Margin levels expected to improve from Q2 as June price increases flow through.
• Multi-modal mix planned at 19% this year and 22%-25% by 2030.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 6 August 2026.

When TCI Express reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 margin progression after June fuel and annual price pass-through - check operating margin movement.

TCI Express is not on any of our India lists this week.

TCI Express Ltd earned ₹20.0 Cr of net profit in the Jun 2026 quarter, +5.3% on the same quarter a year earlier. Full-year FY26 profit was ₹81.0 Cr. Over 3 years profit has grown −16.5% a year on average. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹19.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹81.0 Cr (−5.8% on the year before).

Why profit moved: revenue changed +9.1% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +0.3% and revenue +5.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

TCI Express Ltd reported ₹313 Cr of revenue in the Jun 2026 quarter, +9.1% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 3 years it has grown −0.1% a year on average. The last full year, FY26, came in at ₹1,237 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,264 Cr.

FY26 revenue was ₹1,237 Cr, +2.4% on the year before.

Recent pace: the last four quarters grew +5.3% on average, against −0.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +5.2%, against +0.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +0.0%, against −18.0% a year (accelerating).

TCI Express Ltd's operating margin was 10.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 4 years it has been between 10.0% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 119% of TCI Express Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹101 Cr of operating cash against ₹81.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹125 Cr of spending on assets, free cash was −₹24.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 119% of profit came in as cash: the cash cycle stayed about the same between FY23 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building.

TCI Express Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 70 days in FY26, up from 62 days in FY23. It spent ₹208 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,237 Cr, each day of that cycle ties up about ₹3.4 Cr, so roughly ₹237 Cr is tied up in the business at any time.

Spending on assets: ₹208 Cr over the last 3 years, against ₹67.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹29.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

TCI Express Ltd's P/E is 22.9×, near the low end of its own history: it has been lower only 6% of the time. Its usual P/E (the middle reading) is 29.9×, over 3.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹21.45.

Why the multiple is where it is: over the past year earnings per share moved −5.2% while the price moved −20.8%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −27.7% a year; about −15.6% a year came from earnings growth and about −12.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

TCI Express Ltd's business is turning around. Profit growth has swung from −32.8% at its low to +0.0%, improving for 4 quarters in a row, with ROCE steady at 13.7%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.