TCI Express Ltd
NSE:TCIEXP

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TCI Express Ltd
NSE:TCIEXP
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Price: 537.9 INR 1.76%
Market Cap: ₹20.7B

EV/EBITDA

16
Current
31%
Cheaper
vs 3-y average of 23.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16
=
Enterprise Value
₹19.3B
/
EBITDA
₹1.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16
=
Enterprise Value
₹19.3B
/
EBITDA
₹1.2B

Valuation Scenarios

TCI Express Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (23.1), the stock would be worth ₹777.8 (45% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-17%
Maximum Upside
+70%
Average Upside
27%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 16 ₹537.9
0%
3-Year Average 23.1 ₹777.8
+45%
5-Year Average 27.2 ₹915.4
+70%
Industry Average 13.3 ₹448.75
-17%
Country Average 17.7 ₹594.24
+10%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹19.3B
/
Jan 2026
₹1.2B
=
16
Current
₹19.3B
/
Mar 2026
₹1.3B
=
14.7
Forward
₹19.3B
/
Mar 2027
₹1.6B
=
12.4
Forward
₹19.3B
/
Mar 2028
₹1.8B
=
10.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
TCI Express Ltd
NSE:TCIEXP
20.6B INR 16 24.4
US
FedEx Corp
NYSE:FDX
92.2B USD 10 20.6
US
United Parcel Service Inc
NYSE:UPS
89.3B USD 9.2 16
DK
DSV A/S
CSE:DSV
403.8B DKK 24.6 49.9
DE
Deutsche Post AG
XETRA:DPW
53.3B EUR 5.3 9.9
CN
S.F. Holding Co Ltd
SZSE:002352
184B CNY 12.3 16.6
US
CH Robinson Worldwide Inc
NASDAQ:CHRW
21.6B USD 24.1 36.8
CN
ZTO Express (Cayman) Inc
HKEX:2057
158.8B HKD 11.4 15.3
US
Expeditors International of Washington Inc
NYSE:EXPD
19.9B USD 16.6 24.5
CN
JD Logistics Inc
HKEX:2618
103.8B HKD 10.6 13.6
CN
J&T Global Express Ltd
F:J92
10.5B EUR 25.3 61.2

Market Distribution

In line with most companies in India
Percentile
45th
Based on 2 785 companies
45th percentile
16
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

TCI Express Ltd
Glance View

TCI Express Ltd. engages in the logistics solutions business. The company is headquartered in Gurgaon, Haryana and currently employs 2,858 full-time employees. The company went IPO on 2016-12-15. The firm is engaged in express distribution and first and last mile delivery services provider. Its services include surface express, domestic and international air express, pharmaceutical, retail, engineering, apparel, cold chain express service and customer to customer (C2C) express, E-com express. The company comprises of approximately 500 express routes, 2,500 feeder routes, 40,000 pickup and delivery points, and 5,000 containerized vehicles. The firm provides around the clock services and time sensitive express deliveries by air mode. The company provides business-to-consumer (B2C) and business-to-business (B2B) on multi-model distribution for optimum on time delivery with value added features of cash on delivery (COD), pick n pack, late night and early morning deliveries.

TCIEXP Intrinsic Value
445.26 INR
Overvaluation 17%
Intrinsic Value
Price ₹537.9
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