Equirus remains positive on Transport Corporation of India (TCI), maintaining a long call with a target price of ₹1,395, representing an upside potential from its current market price (CMP) of ₹1,161.00. The brokerage is optimistic about the company’s guidance and robust growth trajectory across key business segments.
Key Highlights:
- Guidance for FY25:
- The company expects 10-15% revenue and profit growth for FY25E.
- In 1HFY25, TCI achieved 11% revenue growth and 17% PAT growth.
- Segment-wise Growth Outlook:
- Supply Chain Solutions (SCS) is anticipated to post the highest growth.
- Seaways and freight segments are also expected to contribute significantly to overall growth.
- CAGR Projections (FY24-FY27E):
- Revenue: 12% CAGR
- EBITDA: 13% CAGR
- PAT: 15% CAGR
Equirus views TCI as well-positioned to capitalize on its diversified operations and strong growth in supply chain solutions. The brokerage sees consistent profitability and robust segmental contributions driving the company’s long-term performance.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research or consult a financial advisor before making investment decisions.
