BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
TCI Express Ltd.'s focus on the high-margin business-to-business express segment provides a strong foundation for profitability and growth. Its expansion of branch network in key markets with a specific focus on the small and medium enterprise segment presents an opportunity to capture additional market share.
Further, the addition of new automation sorting centers is likely to improve its operational efficiency and reduce turnaround time, thereby enhancing its competitiveness in the market.
We expect TCI Express to clock 11% volume compound annual growth rate and revenue/Ebitda/profit after tax CAGR of ~13%/21%/21% over FY23-25.
We reiterate our 'Buy' rating with a target price of Rs 1,900 (based on 36 times FY25E earnings per share).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.