Logistics · Founded 2021 · www.tcipl.in · NSE · ISIN INE17WC01013
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Here is a structured overview of Tejas Cargo India Ltd. based on the provided information and general industry knowledge:
Company Name: Tejas Cargo India Ltd.
Ticker: TEJASCARGO
Country: India
Sector: Logistics
Industry: Logistics
1. Business Overview
Tejas Cargo India Ltd. operates within the Indian logistics sector, primarily focused on the movement of goods. Its core business model likely involves providing freight transportation services, which may encompass road, rail, or multimodal solutions. The company generates revenue by charging clients for transportation, warehousing, supply chain management, and potentially other value-added logistics services such as freight forwarding, customs clearance, or last-mile delivery. It serves businesses (B2B) across various industries, helping them manage their supply chains efficiently.
2. Key Segments / Revenue Mix
Without specific company data, typical segments for an Indian logistics company like Tejas Cargo would include:
Full Truck Load (FTL) / Part Truck Load (PTL) Services: Inter-city and intra-city freight transportation.
Warehousing & Distribution: Storage, inventory management, and distribution services.
Express Cargo: Time-sensitive parcel and cargo delivery.
Supply Chain Solutions: Integrated logistics services tailored to client needs.
Specific revenue contributions from each segment are not publicly available.
3. Industry & Positioning
The Indian logistics industry is highly fragmented, characterized by a mix of large integrated players, mid-sized regional companies, and numerous unorganized local transporters. It is undergoing significant transformation driven by infrastructure development (e.g., dedicated freight corridors, national highways), GST implementation, and the growth of e-commerce. Tejas Cargo India Ltd. likely positions itself as a growing player within this landscape, potentially focusing on specific geographies, cargo types, or service niches to differentiate itself. It competes with established national players, other regional logistics providers, and a vast network of smaller, unorganized operators.
4. Competitive Advantage (Moat)
For a logistics company, potential competitive advantages often include:
Network Density & Reach: Extensive operational network covering key industrial and consumption hubs.
Operational Efficiency: Optimized routes, fleet management, and quick turnaround times.
Technology Adoption: Use of advanced tracking, warehouse management systems (WMS), and data analytics to improve service and cost.
Customer Relationships & Service: Long-term contracts and high service quality leading to customer stickiness.
Specialized Services: Expertise in handling particular types of cargo (e.g., cold chain, hazardous materials) or catering to specific industries.
The strength of these moats for Tejas Cargo India Ltd. would depend on its scale, investments in technology, and market penetration, which are not publicly detailed.
5. Growth Drivers
Economic Growth & Industrial Output: A growing Indian economy drives demand for goods movement across all sectors.
E-commerce Boom: Rapid expansion of online retail necessitates robust last-mile delivery and warehousing infrastructure.
Government Infrastructure Push: Investments in roads, railways, and multimodal logistics parks improve efficiency and reach.
'Make in India' Initiative: Increased domestic manufacturing boosts demand for inbound and outbound logistics.
Formalization of Logistics: GST implementation has streamlined inter-state movement, favoring organized players.
6. Risks
Fuel Price Volatility: Logistics companies are highly susceptible to fluctuations in diesel prices, which directly impact operating costs and margins.
Intense Competition: The fragmented nature of the Indian logistics market leads to price wars and pressure on profitability.
Infrastructure Bottlenecks: Despite improvements, inadequate infrastructure in certain regions can still lead to delays and higher costs.
Economic Slowdown: A downturn in manufacturing or consumer spending can reduce demand for logistics services.
Regulatory Changes: Changes in transport laws, environmental norms, or taxation could impact operations.
Labor Availability & Costs: Shortage of skilled drivers and warehouse personnel, or rising labor costs.
7. Management & Ownership
In typical Indian companies, ownership is often concentrated with a promoter group that founded or inherited the business, maintaining significant control. Management quality for a listed entity would ideally involve experienced professionals with a deep understanding of the logistics sector, operational excellence, and strategic vision for growth. Without specific information, it is assumed Tejas Cargo India Ltd. is likely promoter-led with a professional management team, and a portion of its shares would be held by the public and potentially institutional investors after its listing.
8. Outlook
The outlook for Tejas Cargo India Ltd. is balanced by significant opportunities in India's expanding logistics sector against the backdrop of inherent industry challenges. The favorable macroeconomic environment, continued infrastructure development, and the burgeoning e-commerce segment provide a strong tailwind for growth. However, the company operates in a highly competitive and capital-intensive industry, necessitating continuous investment in fleet, technology, and network expansion. Profitability will depend on its ability to achieve operational efficiencies, manage cost fluctuations, and effectively differentiate its services in a crowded market. Sustained growth requires strategic execution, strong customer relationships, and adaptability to evolving market demands.
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| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|
| Net Sales | 419 | 501 | |
| Other Income | 3 | 7 | |
| Total Income | 423 | 508 | |
| Total Expenditure | 354 | 404 | |
| Operating Profit | 69 | 104 | |
| Interest | 11 | 17 | |
| Depreciation | 41 | 61 | |
| Exceptional Income / Expenses | 0 | 0 | |
| Profit Before Tax | 17 | 26 | |
| Provision for Tax | 4 | 7 | |
| Profit After Tax | 13 | 19 | |
| Adjustments | 0 | 0 | |
| Profit After Adjustments | 13 | 19 | |
| Adjusted Earnings Per Share | 7.5 | 8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 20% | 0% | 0% | 0% |
| Operating Profit CAGR | 51% | 0% | 0% | 0% |
| PAT CAGR | 46% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 132% | NA% | NA% | NA% |
| ROE Average | 17% | 20% | 20% | 20% |
| ROCE Average | 16% | 14% | 14% | 14% |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Shareholder's Funds | 55 | 173 |
| Minority's Interest | 0 | 0 |
| Borrowings | 80 | 87 |
| Other Non-Current Liabilities | 0 | -2 |
| Total Current Liabilities | 100 | 100 |
| Total Liabilities | 236 | 358 |
| Fixed Assets | 124 | 153 |
| Other Non-Current Assets | 20 | 39 |
| Total Current Assets | 93 | 167 |
| Total Assets | 236 | 358 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Opening Cash & Cash Equivalents | 4 | 8 |
| Cash Flow from Operating Activities | 48 | 63 |
| Cash Flow from Investing Activities | -131 | -110 |
| Cash Flow from Financing Activities | 87 | 80 |
| Net Cash Inflow / Outflow | 5 | 34 |
| Closing Cash & Cash Equivalent | 8 | 42 |
| # | Mar 2024 | Mar 2025 |
|---|---|---|
| Earnings Per Share (Rs) | 7.52 | 8.01 |
| CEPS(Rs) | 30.77 | 33.54 |
| DPS(Rs) | 0 | 0 |
| Book NAV/Share(Rs) | 31.52 | 72.46 |
| Core EBITDA Margin(%) | 15.68 | 19.33 |
| EBIT Margin(%) | 6.71 | 8.54 |
| Pre Tax Margin(%) | 4.15 | 5.13 |
| PAT Margin (%) | 3.15 | 3.82 |
| Cash Profit Margin (%) | 12.91 | 15.99 |
| ROA(%) | 5.6 | 6.44 |
| ROE(%) | 23.85 | 16.74 |
| ROCE(%) | 12.97 | 15.6 |
| Receivable days | 60.77 | 60.38 |
| Inventory Days | 0.83 | 1.24 |
| Payable days | 0 | 0 |
| PER(x) | 0 | 20.6 |
| Price/Book(x) | 0 | 2.28 |
| Dividend Yield(%) | 0 | 0 |
| EV/Net Sales(x) | 0.37 | 1.02 |
| EV/Core EBITDA(x) | 2.22 | 4.93 |
| Net Sales Growth(%) | 0 | 19.55 |
| EBIT Growth(%) | 0 | 52.23 |
| PAT Growth(%) | 0 | 44.73 |
| EPS Growth(%) | 0 | 6.55 |
| Debt/Equity(x) | 2.91 | 0.92 |
| Current Ratio(x) | 0.92 | 1.66 |
| Quick Ratio(x) | 0.92 | 1.64 |
| Interest Cover(x) | 2.62 | 2.51 |
| Total Debt/Mcap(x) | 0 | 0.4 |
| # | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Promoter | 73.63 | 74.27 | 74.71 |
| FII | 12.32 | 12.12 | 12.13 |
| DII | 0.25 | 0.25 | 0 |
| Public | 13.8 | 13.36 | 13.17 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Promoter | 1.76 | 1.77 | 1.78 |
| FII | 0.29 | 0.29 | 0.29 |
| DII | 0.01 | 0.01 | 0 |
| Public | 0.33 | 0.32 | 0.31 |
| Others | 0 | 0 | 0 |
| Total | 2.39 | 2.39 | 2.39 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +20% | — | — | — |
| Operating Profit CAGR | +51% | — | — | — |
| PAT CAGR | +46% | — | — | — |
| Share Price CAGR | +132% | — | — | — |
| ROE Average | +17% | +20% | +20% | +20% |
| ROCE Average | +16% | +14% | +14% | +14% |
| # | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Promoter | 73.63 | 74.27 | 74.71 |
| FII | 12.32 | 12.12 | 12.13 |
| DII | 0.25 | 0.25 | 0 |
| Public | 26.37 | 25.73 | 25.29 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Promoter | 1.76 | 1.77 | 1.78 |
| FII | 0.29 | 0.29 | 0.29 |
| DII | 0.01 | 0.01 | 0 |
| Public | 0.63 | 0.61 | 0.6 |
| Others | 0 | 0 | 0 |
| Total | 2.39 | 2.39 | 2.39 |
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