Tejas Cargo India share price today

Tejas Cargo India Ltd's share price was ₹386.00 at the close on 4 November 2026. It has been rising for 69 weeks. That is 19.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹251 and ₹425, and at that close it sat 78% 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 Tejas Cargo India Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 11 weeks in a row.

Over the last 1 year the share price moved +130% while the NIFTY 500 moved +8%, so it is ahead of the index over that whole period. 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.

For January to March 2026 (the quarter ended 31 March 2026), Tejas Cargo India reported revenue of ₹327 crore, up 31.3% from ₹249 crore a year earlier, and a profit of ₹8.00 crore, down 20.0% from ₹10.0 crore.

Tejas Cargo India results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

Tejas Cargo India's management discussed these results on a call held on 29 May 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Tejas Cargo India closed at ₹386.00 on 4 November 2026, up 16.9% from ₹330.15 a year earlier (7 November 2025). Its highest weekly close since February 2025 was ₹420.25 on 14 August 2026.

Tejas Cargo India 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.

92 weekly closes from 28 February 2025 to 4 November 2026.

4 Nov 2026: Tejas Cargo India closed at ₹386.00, down 2.5% on the week and down 5.9% on the month. 29 May 2026: Tejas Cargo India held its results call for January to March 2026. Management guided: FY27 capital spending expected similar to FY26 levels.

Earlier

• Results for January to March 2026: Revenue up 31.3% and profit down 20.0% on a year earlier.

Tejas Cargo India has paid no dividend on the NSE since its first NSE close in our records (28 February 2025), the start of the period we checked.

No. Tejas Cargo India Ltd paid out 0% of its profit as dividends in each of its last 3 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

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

On the call for January to March 2026, held on 29 May 2026, Tejas Cargo India's management guided: FY27 capital spending expected similar to FY26 levels.

“So, yes, I think the margins are on the better side, and we believe that with these entry barriers and the requirement for heavy capex in electric trucks, the margins are going to improve from what we currently have”Abhishek Lunia, on the call for January to March 2026

What management guided

• FY27 revenue growth above 20% if fly ash, mining, and EV contracts secure as planned.
• Fly ash, mining, coal contribution to reach 10-12% of FY27 revenue versus 5.5% in FY26.
• Fleet utilization expected to improve toward 82-85% from current 82% via OEM priority maintenance partnerships.
• EV fleet expected to accelerate significantly over next 2-3 months.

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 January to March 2026, 29 May 2026.

When Tejas Cargo India reports April to June 2026, these are the 3 checks that show whether the story is still on course. First: Coal, fly ash, and mining revenue contribution tracking toward 10-12% of FY27 total versus 5.5% in FY26; Q1 print will validate if new verticals inflection is on pace per management guidance.

Tejas Cargo India is on one of our India lists: Momentum stocks.

Tejas Cargo India Ltd earned ₹8.0 Cr of net profit in the Mar 2026 quarter, −20.0% on the same quarter a year earlier. Full-year FY26 profit was ₹21.0 Cr. Over 2 years profit has grown 27.1% a year on average. That is 2.4% of the quarter's revenue.

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 ₹21.0 Cr (+10.5% on the year before).

Tejas Cargo India Ltd reported ₹327 Cr of revenue in the Mar 2026 quarter, +31.3% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 2 years it has grown 22.5% a year on average. The last full year, FY26, came in at ₹629 Cr.

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

FY26 revenue was ₹629 Cr, +25.5% on the year before.

Recent pace: the last four quarters grew +25.4% on average, against 22.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Tejas Cargo India Ltd's operating margin was 20.0% in the Mar 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 3 years it has been between 16.0% and 19.0%. The latest quarter is above every full year in that period.

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.

Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed −1.3 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, 321% of Tejas Cargo India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹59.0 Cr of operating cash against ₹21.0 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 ₹108 Cr of spending on assets, free cash was −₹49.0 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 321% of profit came in as cash: the cash cycle stayed about the same between FY24 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 1.6× depreciation over three years. The next section checks what that spending is building.

Tejas Cargo India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 69 days in FY26, up from 61 days in FY24. It spent ₹218 Cr on assets over the last 2 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 ₹629 Cr, each day of that cycle ties up about ₹1.7 Cr, so roughly ₹119 Cr is tied up in the business at any time.

Spending on assets: ₹218 Cr over the last 2 years, against ₹133 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 ₹19.0 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.

Tejas Cargo India Ltd's P/E is 42.8×, near the high end of its own history: higher than 82% of past readings. Its usual P/E (the middle reading) is 30.9×, over 1 year 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.

Why the multiple is where it is: over the past year earnings per share moved +9.4% while the price moved +16.9%. The price did better than earnings, which pushed the multiple up within its own range.

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

Tejas Cargo India Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend.

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.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Tejas Cargo India Ltd earned a ROCE of 13% in FY26. Its return on capital used (ROIC) is 4.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.3% net margin and 1.41× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 3.3% net margin × 1.41× asset turnover × 2.32× leverage (assets divided by equity) ≈ 10.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 7.7% − 12.0% = −4.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 7.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 8.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Tejas Cargo India Ltd has total debt of ₹220 Cr against shareholder equity of ₹193 Cr as of Mar 2026, so its debt is 1.14× its equity. Year by year, that ratio went from 0.92 in FY25 to 1.14 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Tejas Cargo India Ltd's owners changed its stake by a full percentage point over the last 4 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For Tejas Cargo India Ltd, the Z-score is 3.43. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 3.43 is well clear of the danger zone, so the balance sheet is not the risk here.

52.3 out of 100, rank 15 of 18 in Logistics, with 32% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Tejas Cargo India Ltd scores 52.3 out of 100 against the 18 companies it is compared with in Logistics, ranking 15. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 16.8 + 13.4 + 9.6 + 12.5 = 52.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Tejas Cargo India ranks 15 of 18 Logistics companies on the 4-Factor Sector Score, with 52.3 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Logistics, all 18 compared on one page.

Tejas Cargo India is the 12th largest of 18 Logistics companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Reliance Industrial Infrastructure, Allcargo Gati Ltd(Merged) and Western Carriers (India). Just below it: Ritco Logistics, Allcargo Terminals and JITF Infra Logistics.

Logistics companies close in size

9. Reliance Industrial Infrastructure Ltd ₹1,013 crore
10. Allcargo Gati Ltd(Merged) ₹971 crore
11. Western Carriers (India) Ltd ₹960 crore
12. Tejas Cargo India Ltd ₹946 crore
13. Ritco Logistics Ltd ₹759 crore
14. Allcargo Terminals Ltd ₹695 crore
15. JITF Infra Logistics Ltd ₹678 crore

All 18 Logistics companies, largest first

Companies close in size in other industries

1626. Birla Cable Ltd ₹947 crore · Cables - Telecom
1627. Rupa & Company Ltd ₹947 crore · Textiles - Hosiery/Knitwear
1628. Tejas Cargo India Ltd ₹946 crore
1629. Nahar Spinning Mills Ltd ₹943 crore · Textiles - Hosiery/Knitwear
1630. Indo SMC Ltd ₹941 crore · Electric Equipment - General

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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