Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q4 FY2025 Earnings Presentation
41 slides from Tci Express's earnings presentation, May 30, 2025
Slide 1: Regulation 30 intimation to stock exchanges
To, Dated: May 30, 2025 Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street-Mumbai-400001 Bandra Kurla Complex, Bandra (E) Mumbai-400051 Scrip Code: 540212 Scrip Symbol: TCIEXP Sub: Intimation un
Slide 2: Q4 & FY25 Earnings Presentation
0 X Q4 & FY25 Earnings Presentation 1 www.tciexpress.in
Slide 3: TCI Express at a Glance
TCI Express at a Glance ✓ Completed 9 years post demerging, positioning itself as a leading B2B delivery company in India. Ranked 836 by market capitalization as of 2016 60,000+ 1 December 31, 2024 ✓ Serves 98% of B2B customers and 2% of B2C Year of Listing Location Served customers 5,500+ 200+ ✓ ER
Slide 4: Why TCI Express?
Why TCI Express? Asset Light Business Model Containerized Movement Operating with an asset-light model, Containerized movement for secure and optimizing efficiency and flexibility without efficient transport, minimizing handling heavy investments in physical assets. and reducing the risk of damage.
Slide 5: Geographical Footprint
Geographical Footprint Express Services 28 Sorting Centres Surface Express 500+ Express Routes Domestic and International Air Express 2,500+ Rail Express Feeder Routes C2C Express 970+ Company Branches E-Commerce Express Pharma Cold Chain Express 4 4
Slide 6: Automated Sorting Centers
Automated Sorting Centers GIGA Sorting Centre, Gurugram Chakan Sorting Centre, Pune Location: Gurugram Location: Pune Area: 2 lakh sq.ft Area: 1.40 lakh sq.ft PPH 15,000 PPH 11,000 Solar Panel: 600 KW Solar Panel: 280 KW Operational: India's first and largest automated B2B sorting center Operational
Slide 7: Expanding Service Offering: Surface Express
Expanding Service Offering: Surface Express Express solutions with over 60,000 locations with fully containerized fleet of vehicles, offers customized value-added services to meet customer's requirements Key Differentiators Over 50K pickup locations Fully containerized and 60K delivery locations veh
Slide 8: Expanding Service Offering: Domestic Air Express
Expanding Service Offering: Domestic Air Express Domestic Air Express solutions offer round-the-clock time-sensitive express delivery with doorstep service, ensuring delivery within 24 hours in major metros and 48 hours in Mini Metros and A-class cities Key Differentiators Comprehensive Service Opti
Slide 9: Expanding Service Offering: International Air Express
Expanding Service Offering: International Air Express International Air Express services to over 200 countries and territories, connecting all major Indian airports with 3,000+ pickup points, ensuring seamless global reach International Air Express 200+ Customized pricing based on Countries Facilita
Slide 10: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express Expanding Horizons with Rail: Faster, Greener, and Cost-Effective Freight Solutions Rail Express segment recorded 23% year-on-year growth Increase in Repeat Business Origin Delivery Consignor Railway Branch Shorter Synergistic with Existing Station Turnaround
Slide 11: Expanding Service Offering: C2C
Expanding Service Offering: C2C TCI Express offers India’s first C2C Express service, utilizing an asset-light business model Advanced API solutions for Full truckload services nationwide seamless integration with logistics with expedited trucking systems Comprehensive GST and GTA A single point of
Slide 12: Expanding Service Offering: Pharma Cold Chain & E-Commerce
Expanding Service Offering: Pharma Cold Chain & E-Commerce TCI Express Pharma Cold Chain Transportation E-Commerce Real-time Performing TCI Express offers comprehensive e-commerce temperature Additional Standard Operating Procedures regular pull- data loggers services with a multimodal B2B distribut
Slide 13: Q4 FY2025 Highlights
Q4 FY2025 Highlights Total Income EBITDA Profit After Tax Dividend per Share Rs. 313.1 Cr Rs. 33.7 Cr Rs. 20.7 Cr Rs. 2 10.8% Margin 6.6% Margin Key Highlights ➢ The company successfully expanded its multimodal services. The expanded Rail Express network has significantly improved transit efficiency
Slide 14: Management Perspective
Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: "FY25 marked continued progress for TCI Express, underscoring the Company’s strategic focus on expanding its multimodal service portfolio, with surface business continues to remain a key contributor i
Slide 15: Q4 FY2025 Performance Discussion
Q4 FY2025 Performance Discussion ➢ Total Income for the quarter stood at Rs. 313.1 Crores ➢ In Q4FY25, domestic volume growth in auto sector remained modest across 2Ws, LCVs, PVs and MHCVs leading to softer revenues ➢ In the Surface Express segment, the company faced increased costs due to inflation
Slide 16: Quarterly Performance Trends
Quarterly Performance Trends * All numbers in Crores unless specified Resilient financial performance while sustaining a healthy margin profile amidst market dynamics. Total Income EBITDA and Margins 319.0 298.9 313.1 46.8 32.9 33.7 14.7% 11.0% 10.8% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 P
Slide 17: Financial Highlights
Financial Highlights Fig in Cr. Standalone Consolidated 1,261.0 1,261.0 1,221.7 1,221.1 Revenue 319.0 313.1 319.0 313.4 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 194.4 194.4 143.0 138.1 EBITDA 46.8 46.8 32.4 33.7 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 131.7 131.7 90.8 85.8 PAT
Slide 18: Q4 and FY2025 Financial Performance
Q4 and FY2025 Financial Performance Q4 Y-o-Y Q3 Q-o-Q Y-o-Y Particulars (in Cr) FY2025 FY2024 % FY2025 % FY2025 FY2024 % Income from Operations 307.5 317.1 (3.0)% 296.3 3.8% 1,208.3 1,253.8 (3.6)% Other Income 5.6 1.9 2.6 12.9 7.2 Total Income 313.1 319.0 (1.9)% 298.9 4.7% 1,221.1 1,261.0 (3.2)% EBI
Slide 19: FY2025 Highlights and Outlook
FY2025 Highlights and Outlook Gross margins supported by consistent capacity utilization and ongoing operational efficiencies Total Income EBITDA EBIT Profit After Tax Rs. 1,221.1 Cr Rs. 143.0 Cr Rs. 121.4 Cr Rs. 90.8 Cr 11.7% Margin 9.9% Margin 7.4% Margin Key Highlights Outlook ➢ The capacity util
Slide 20: Annual Performance Trend
Annual Performance Trend * All numbers in Crores unless specified Industry-leading margin profile Total Income EBITDA and Margins 1,248.2 1,261.0 1,221.2 183.0 202.0 194.0 143.0 1,089.6 16.2% 15.4% 16.8% 11.7% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 PBT and Margins PAT and Margins 185.0 174.0 139.3
Slide 21: Key Ratios
Key Ratios Delivering consistent growth and profitability for our shareholder Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 36.2% 37.7% 8.0 8.0 8.0 8.0 33.3% 21.7% 34% 24% 22% 23% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Current Ratio (x) Cash Conversion Ratio (%) 3.18x 2.93x 2.
Slide 22: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Unmatched combination of scale, expertise and technology resulting sustainable cash flow from operations 147.0 136.0 128.0 118.0 89.7 74.0 48.0 22.0 FY22 FY23 FY24 FY25 Cash Flow from Operations Free Cash Flows ➢ Cash flow from operations of Rs. 117.5 cro
Slide 23: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Stable Working Capital Management Particulars (in Cr) Mar-23 Mar-24 Mar-25 Payables Days Long Term Debt 0.0 0.0 0.0 Short Term Debt 0.7 0.0 0.0 38 39 Total Debt 0.7 3.0 0.0 35 Less: Liquid As
Slide 24: Top Industry Players Margins and Profitability
Top Industry Players Margins and Profitability EBITDA Margins % EBIT Margins % 19.0% 11.0% 9.5% 10.1% 15.1% 11.3% 5.1% 4.8% 4.2% 3.0% 1.4% 0.0% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 TCI Express Peer 1 Peer 2 Peer 5 Peer 3 Peer 4 PAT Margins % 8.7% 7.0% 6.0% 1.7% 0.0% 0.0% TCI Express Peer 2
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs Crores) FY2024 FY2025 Particulars (Rs Crores) FY2024 FY2025 Assets Equity and Liabilities Non-Current Assets Equity Property, Plant and Equipment 418.5 420.9 Equity Share Capital 7.7 7.7 Right of Use Assets 28.7 29.6 Other Equity 696.4 761.6 Capital Work in
Slide 26: Last 9 Year Key Takeaways
Last 9 Year Key Takeaways Inherent Business Strength Expanding Business Generating Returns for Stakeholders ➢ Locations servicing from 32,000 ✓ Fastest B2B Express Delivery locations in FY 2017 to 60,000 ✓ Strong track record of consistently Company in India delivering enhanced margins and ✓ Asset l
Slide 27: Strategy and Outlook
Strategy and Outlook ✓ Launch and expansion of Rail service offerings ✓ Planned CapEx of Rs. 500 crores in 5 years (FY23- Capital FY27) ✓ Emphasis on Extended and Value-Added services Expenditure such as Pharma Cold Chain and C2C express ✓ CapEx till FY25 was ₹202.43 Cr ✓ Continuous focus on volume
Slide 28: Strategic Priorities by 2030
Strategic Priorities by 2030 Expansion into New Markets Sustainability Initiatives • A major focus is on reducing environmental • TCI Express aims to grow its network further impact by investing in renewable energy and by increasing the number of service sustainable practices. TCI Express has instal
Slide 29: Express Industry – An Outlook
Express Industry – An Outlook India, under Atmanirbhar Bharat and Make in India, targets a $5T economy by India GDP $4.19 Tn India Logistics Sector $500± Bn 2027, with logistics playing a key role. The sector, contributing 12-14% to GDP and employing 22M+, is projected to grow at an 8.8% CAGR by 202
Slide 30: Growth Drivers: Logistics' Industry
Growth Drivers: Logistics' Industry Infrastructure Development Technology Integration Sustainability Growing Demand • Road Networks: Expansion under • Digitalization: IoT, RFID, GPS trackers, • ESG Practices: As more companies adopt • Manufacturing Expansion: Increased Bharatmala and PM Gati Shakti
Slide 31: Growth Drivers: Logistics' Industry
Growth Drivers: Logistics' Industry Tax Benefits for the Logistics Industry Participants National Geospatial Mission Union Budget 2025–26 boosts logistics with GST input credit simplification and reduced The ₹100 Cr National Geospatial Mission aims to build core geospatial infrastructure, compliance
Slide 32: Management Team
Management Team Mr. Pabitra Mohan Panda, Mr. Ashok Pandey, Mr. D P Agarwal, Mr. Chander Agarwal, Mr. Mukti Lal, Sr. Chief Sales Chief Operating Officer Chairman & Director Managing Director Chief Financial Officer & Marketing Officer Multimodal Express Mr. D P Agarwal has been Mr. Chander Agarwal i
Slide 33: Market Challenges Impacting Logistics Sector
Market Challenges Impacting Logistics Sector Key Factors Impacting the Logistics Sector Purchasing Managers Index (Change in Index Points) High Operational Cost: Consistently high operational expenses and increased retail fuel costs have kept freight rates elevated. Fleet operators continue to face
Slide 34: Sectoral and Economic Dynamics Influencing Logistics
Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds ✓ Weak Performance across sectors: After strong growth in January 2025, YoY economic activity slowed in February. The Business Activity rose 5.6%, the slowest in 35 months, partly due to the 2024 leap
Slide 35: CSR Initiatives
CSR Initiatives TCI Express invested ₹3.85 Cr in FY25 across pivotal CSR themes like social upliftment, community development, healthcare support, educational empowerment, and environmental sustainability. Healthcare & Accessibility Rural Development Education Support & Skill Development • Our CSR i
Slide 36: Sustainability Initiatives
Sustainability Initiatives Environmental Social Governance Waste Management TCIEXPRESS Foundation Board Composition and Diversity The Company continues to follow the 3R approach, recycled TCI Express, together with its Group’s Foundation and The Board comprises a balanced mix of executive, non- 5.3
Slide 37: ESG Profile – Consolidating all ESG Disclosures
ESG Profile – Consolidating all ESG Disclosures 1 5 4 3 2 6 TCI Express has established and continuously enhanced a dedicated section focused on its Environmental, Social, and Governance (ESG) initiatives. This comprehensive section highlights the company’s commitment to sustainability and responsib
Slide 38: Awards and Recognition
Awards and Recognition Corporate Governance Industry Recognition Ranked 836 based on Market Credit Instruments rated by two Capitalization, as on December leading Credit Rating Agencies Forbes Select 200 - 2024 The Economic Times Iconic 31, 2024 CRISIL Rating: AA- Brands of India -2024 ICRA Rating:
Slide 39: Capital Market Information
Capital Market Information Share Price Information, as on 31st March 2025 Key Facts 31st March 2025 CAGR Return: TCI Express 7% S&P BSE Sensex 14% BSE / NSE Ticker 540212/ TCIEXP CMP (Rs.) 612.45 Shares O/S (Cr) 3.83 Market Cap (Rs. Cr) 2,351 52 Week H/L (Rs.) 1,283.2/610 Note: Source: Factset CAGR
Slide 40: Contact Information
Contact Information This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to TCI Express’ future business developments and economic performance.
Slide 41: TCI Express Limited
TCI EXPRESS LIMITED Flat Nos. 306 & 307, 1-8-201 to 203, 3rd Floor, Ashoka Bhoopal Chambers, S . P. Road, Secunderabad-500 003 P: +91 124 2384090-94 • E: info@tciexpress.in W: www.tciexpress.in • Toll free: 1800 2000 977 TCI Express Earnings Presentation Page 40