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Transport Corporation of India (TCI)₹861.45−0.55%Logistics Solution Provider
In the Sep 2026 quarter (consolidated), Transport Corporation of India reported sales of ₹1,390 Cr, up 15.2% from Sep 2025, and net profit of ₹117 Cr, up 2.7% year on year. For the year to Mar 2026, sales were ₹4,924 Cr and net profit ₹459 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,004 | 1,081 | 1,046 | 1,122 | 1,149 | 1,180 | 1,140 | 1,206 | 1,250 | 1,326 | 1,249 | 1,390 |
| Expenses | 898 | 966 | 938 | 1,000 | 1,025 | 1,052 | 1,014 | 1,075 | 1,118 | 1,176 | 1,109 | 1,240 |
| Operating Profit | 100 | 109 | 104 | 117 | 118 | 123 | 121 | 128 | 128 | 142 | 135 | 145 |
| OPM % | 10.0% | 10.0% | 10.0% | 10.1% | 10.0% | 10.0% | 11.1% | 11.0% | 10.0% | 11.0% | 11.0% | 10.0% |
| Other Income | 28.01 | 34.01 | 32.05 | 35.03 | 29.02 | 40.06 | 31.03 | 36.01 | 35.04 | 32.03 | 25.01 | 32.02 |
| Interest | 3.99 | 3.99 | 3.99 | 4.99 | 5.99 | 5.99 | 4.99 | 5.99 | 5.99 | 5.99 | 6.99 | 6.99 |
| Depreciation | 33.09 | 33.11 | 29.08 | 29.10 | 30.08 | 29.11 | 29.10 | 30.10 | 32.09 | 36.10 | 36.14 | 39.14 |
| Profit before tax | 90.74 | 106 | 103 | 118 | 111 | 127 | 118 | 126 | 124 | 132 | 117 | 130 |
| Tax % | 12.0% | 3.0% | 11.0% | 9.0% | 8.0% | 10.0% | 9.0% | 10.0% | 6.0% | 6.0% | 9.0% | 10.0% |
| Exceptional items | 0.00 | −2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 79.72 | 103 | 91.69 | 107 | 102 | 115 | 107 | 114 | 116 | 124 | 107 | 117 |
| EPS (Rs) | 10.19 | 13.08 | 11.66 | 13.87 | 13.13 | 14.88 | 13.86 | 14.63 | 14.90 | 16.05 | 13.73 | 15.02 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,729 | 1,946 | 2,352 | 2,758 | 2,720 | 2,804 | 3,261 | 3,790 | 4,031 | 4,495 | 4,924 | 5,215 |
| Expenses | 1,633 | 1,772 | 2,124 | 2,494 | 2,466 | 2,529 | 2,837 | 3,344 | 3,599 | 4,010 | 4,379 | 4,642 |
| Operating Profit | 88.32 | 164 | 217 | 251 | 242 | 264 | 414 | 427 | 413 | 465 | 521 | 550 |
| OPM % | 5.0% | 8.0% | 9.0% | 9.0% | 9.0% | 9.0% | 13.0% | 11.1% | 10.0% | 10.0% | 11.0% | 10.6% |
| Other Income | 92.12 | 27.01 | 37.01 | 44.06 | 34.04 | 31.01 | 44.05 | 70.06 | 119 | 135 | 131 | 124 |
| Interest | 24.95 | 29.93 | 31.95 | 36.97 | 33.96 | 26.96 | 12.97 | 9.98 | 12.97 | 19.98 | 22.98 | 25.96 |
| Depreciation | 52.15 | 59.17 | 69.27 | 77.23 | 82.33 | 93.37 | 113 | 122 | 128 | 118 | 127 | 143 |
| Profit before tax | 103 | 99.70 | 152 | 178 | 158 | 173 | 329 | 363 | 387 | 458 | 499 | 501 |
| Tax % | 15.0% | 18.9% | 19.0% | 19.0% | 10.0% | 14.0% | 11.0% | 12.0% | 9.0% | 9.0% | 8.0% | — |
| Exceptional items | 27.04 | −1.01 | 1.01 | 0.00 | −9.01 | −10.01 | 0.00 | −3.01 | −2.01 | 1.01 | 3.01 | 0.00 |
| Net Profit | 87.74 | 80.83 | 124 | 145 | 143 | 150 | 292 | 320 | 353 | 415 | 459 | 463 |
| EPS (Rs) | 11.42 | 10.51 | 16.04 | 18.78 | 18.47 | 19.03 | 37.32 | 40.78 | 44.96 | 53.71 | 59.24 | 59.70 |
| Dividend payout % | 13.0% | 10.0% | 10.0% | 10.0% | 11.0% | 13.0% | 11.1% | 17.0% | 16.0% | 15.0% | 17.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.99 | 14.99 | 15.01 | 15.01 | 15.01 | 15.01 | 15.00 | 14.98 | 15.97 | 15.98 | 14.99 | 14.99 |
| Reserves | 607 | 562 | 633 | 748 | 879 | 1,011 | 1,158 | 1,416 | 1,687 | 1,990 | 2,143 | 2,557 |
| Borrowings | 319 | 353 | 419 | 438 | 468 | 420 | 296 | 95.61 | 91.58 | 193 | 241 | 311 |
| Other Liabilities | 197 | 128 | 161 | 196 | 254 | 237 | 271 | 300 | 306 | 303 | 534 | 600 |
| Total Liabilities | 1,138 | 1,058 | 1,229 | 1,399 | 1,617 | 1,684 | 1,740 | 1,827 | 2,101 | 2,500 | 2,935 | 3,484 |
| Fixed Assets | 520 | 531 | 541 | 625 | 726 | 771 | 804 | 800 | 789 | 860 | 962 | 1,191 |
| CWIP | 7.02 | 12.03 | 57.13 | 56.14 | 4.01 | 22.07 | 5.01 | 7.03 | 26.09 | 109 | 256 | 344 |
| Investments | 6.98 | 75.76 | 86.68 | 104 | 117 | 134 | 149 | 192 | 285 | 541 | 409 | 485 |
| Other Assets | 604 | 439 | 545 | 612 | 770 | 757 | 782 | 828 | 1,000 | 991 | 1,307 | 1,464 |
| Inventories | 1.99 | 1.99 | 2.99 | 2.99 | 4.99 | 6.99 | 6.99 | 7.99 | 4.99 | 10.97 | 6.98 | 14.98 |
| Trade receivables | 434 | 325 | 358 | 424 | 514 | 487 | 510 | 507 | 560 | 600 | 721 | 814 |
| Cash & equivalents | 42.11 | 11.04 | 19.05 | 14.04 | 16.05 | 26.08 | 40.17 | 74.28 | 186 | 96.33 | 85.28 | 113 |
| Total Assets | 1,138 | 1,058 | 1,229 | 1,399 | 1,617 | 1,684 | 1,740 | 1,827 | 2,101 | 2,500 | 2,935 | 3,484 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 125 | 109 | 99.24 | 157 | 179 | 243 | 305 | 369 | 361 | 300 | 360 | 445 |
| Cash from investing activity | −121 | −101 | −122 | −131 | −158 | −135 | −107 | −76.13 | −193 | −404 | −99.11 | −367 |
| Cash from financing activity | −4.01 | −12.05 | 32.09 | −30.12 | −24.06 | −104 | −177 | −259 | −65.27 | 18.06 | −293 | −35.13 |
| Net cash flow | −0.99 | −3.99 | 7.99 | −3.99 | −2.99 | 3.01 | 20.97 | 34.01 | 102 | −86.99 | −32.01 | 41.96 |
| Capex | 142 | 103 | 115 | 158 | 165 | 146 | 153 | 75.81 | 156 | 242 | 353 | 413 |
| Free cash flow | −11.98 | 10.99 | −14.97 | 5.99 | 16.98 | 96.89 | 183 | 297 | 208 | 56.87 | 9.99 | 31.93 |
| CFO / OP % | 78.0% | 160.0% | 76.0% | 89.0% | 85.0% | 118.0% | 114.0% | 101.1% | 89.0% | 82.0% | 86.1% | 101.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 66 | 69 | 67 | 66 | 68 | 65 | 67 | 57 | 54 | 54 | 59 | 61 |
| Cash conversion cycle | 66 | 69 | 67 | 66 | 68 | 65 | 67 | 57 | 54 | 54 | 59 | 61 |
| Working capital days | 16 | 6 | 11 | 17 | 24 | 27 | 37 | 48 | 47 | 52 | 51 | 50 |
| ROCE % | 17.1% | 10.1% | 13.1% | 16.1% | 17.1% | 14.1% | 15.1% | 23.1% | 22.1% | 20.1% | 21.1% | 19.1% |
For the Sep 2026 quarter, Transport Corporation of India reported sales of ₹1,390 Cr, up 15.2% year on year and net profit of ₹117 Cr, up 2.7% year on year. The operating margin was 10.0%.
Transport Corporation of India's sales for the year to Mar 2026 were ₹4,924 Cr; over the last twelve months they were ₹5,215 Cr.
Net profit for the year to Mar 2026 was ₹459 Cr, and ₹463 Cr over the last twelve months. Earnings per share over the same trailing period were ₹59.70.
Transport Corporation of India reported borrowings of ₹311 Cr at Mar 2026, against cash and equivalents of ₹113 Cr.
Cash from operations was ₹445 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹31.93 Cr.