BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Our investment thesis for TCI Express Ltd. is premised on:
its presence in the high margin business-to-business express segment,
investment in value-added areas like sorting centers,
entry into niche and highly profitable segments, and
a debt free balance sheet.
TCI Express is a well-established player in the express logistics segment, with a pan India presence and catering to 95% of pin codes. It has a well-diversified client base with a focus on the high margin B2B space (95% share).
With a lease-based model for most of its required assets, the company enjoys greater operational flexibilities and generates a better return on assets. It is investing in sorting centers, which will usher a higher level of automation and better efficiency.
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