TCI Express Limited (TCIEXP) - Net Assets
Based on the latest financial reports, TCI Express Limited (TCIEXP) has net assets worth Rs8.07 Billion INR (≈ $87.25 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs9.68 Billion ≈ $104.71 Million USD) and total liabilities (Rs1.61 Billion ≈ $17.45 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are TCI Express Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs8.07 Billion |
| % of Total Assets | 83.33% |
| Annual Growth Rate | 142.33% |
| 5-Year Change | 76.18% |
| 10-Year Change | 521.58% |
| Growth Volatility | 77794.17 |
TCI Express Limited - Net Assets Trend (2014–2025)
This chart illustrates how TCI Express Limited's net assets have evolved over time, based on quarterly financial data. Also explore TCIEXP asset base for the complete picture of this company's asset base.
Annual Net Assets for TCI Express Limited (2014–2025)
The table below shows the annual net assets of TCI Express Limited from 2014 to 2025. For live valuation and market cap data, see TCIEXP company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs7.64 Billion ≈ $82.67 Million |
+8.59% |
| 2024-03-31 | Rs7.04 Billion ≈ $76.13 Million |
+18.04% |
| 2023-03-31 | Rs5.96 Billion ≈ $64.50 Million |
+11.22% |
| 2022-03-31 | Rs5.36 Billion ≈ $57.99 Million |
+23.58% |
| 2021-03-31 | Rs4.34 Billion ≈ $46.92 Million |
+28.64% |
| 2020-03-31 | Rs3.37 Billion ≈ $36.47 Million |
+26.23% |
| 2019-03-31 | Rs2.67 Billion ≈ $28.90 Million |
+29.20% |
| 2018-03-31 | Rs2.07 Billion ≈ $22.37 Million |
+29.25% |
| 2017-03-31 | Rs1.60 Billion ≈ $17.30 Million |
+30.11% |
| 2016-03-31 | Rs1.23 Billion ≈ $13.30 Million |
+270627.99% |
| 2015-03-31 | Rs454.25K ≈ $4.91K |
+0.64% |
| 2014-03-31 | Rs451.36K ≈ $4.88K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TCI Express Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 61224863900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs612.20 Million | 8.01% |
| Common Stock | Rs76.80 Million | 1.00% |
| Other Comprehensive Income | Rs6.84 Billion | 89.47% |
| Other Components | Rs115.60 Million | 1.51% |
| Total Equity | Rs7.64 Billion | 100.00% |
TCI Express Limited Competitors by Market Cap
The table below lists competitors of TCI Express Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TuanChe ADR
NASDAQ:TC
|
$217.88 Million |
|
JNK India Ltd
NSE:JNKINDIA
|
$218.24 Million |
|
Marmaris Altinyunus Turistik Tesisleri AS
IS:MAALT
|
$218.28 Million |
|
Thanulux Public Company Limited
BK:TNL
|
$218.38 Million |
|
Nampak
JSE:NPK
|
$217.86 Million |
|
Sino AG
XETRA:XTP
|
$217.85 Million |
|
Petronor E&P Ltd
OL:PNOR
|
$217.81 Million |
|
Fursys
KO:016800
|
$217.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCI Express Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,039,700,000 to 7,644,100,000, a change of 604,400,000 (8.6%).
- Net income of 858,100,000 contributed positively to equity growth.
- Dividend payments of 307,000,000 reduced retained earnings.
- Share repurchases of 27,900,000 reduced equity.
- New share issuances of 27,900,000 increased equity.
- Other comprehensive income increased equity by 590,500,000.
- Other factors decreased equity by 537,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs858.10 Million | +11.23% |
| Dividends Paid | Rs307.00 Million | -4.02% |
| Share Repurchases | Rs27.90 Million | -0.36% |
| Share Issuances | Rs27.90 Million | +0.36% |
| Other Comprehensive Income | Rs590.50 Million | +7.72% |
| Other Changes | Rs-537.20 Million | -7.03% |
| Total Change | Rs- | 8.59% |
Book Value vs Market Value Analysis
This analysis compares TCI Express Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 38696.52x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs0.01 | Rs524.35 | x |
| 2015-03-31 | Rs0.01 | Rs524.35 | x |
| 2016-03-31 | Rs32.33 | Rs524.35 | x |
| 2017-03-31 | Rs41.79 | Rs524.35 | x |
| 2018-03-31 | Rs53.98 | Rs524.35 | x |
| 2019-03-31 | Rs69.66 | Rs524.35 | x |
| 2020-03-31 | Rs87.79 | Rs524.35 | x |
| 2021-03-31 | Rs112.76 | Rs524.35 | x |
| 2022-03-31 | Rs139.22 | Rs524.35 | x |
| 2023-03-31 | Rs154.99 | Rs524.35 | x |
| 2024-03-31 | Rs183.21 | Rs524.35 | x |
| 2025-03-31 | Rs257.33 | Rs524.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCI Express Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.10%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 1.20x
- Recent ROE (11.23%) is below the historical average (17.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -2.00% | 0.00% | 0.00x | 1.01x | Rs-54.15K |
| 2015 | 0.64% | 0.00% | 0.00x | 1.02x | Rs-42.53K |
| 2016 | -0.01% | 0.00% | 0.00x | 1.61x | Rs-123.12 Million |
| 2017 | 23.43% | 5.00% | 2.97x | 1.58x | Rs214.87 Million |
| 2018 | 28.24% | 6.60% | 2.57x | 1.66x | Rs377.19 Million |
| 2019 | 27.26% | 7.11% | 2.70x | 1.42x | Rs461.21 Million |
| 2020 | 26.41% | 8.63% | 2.39x | 1.28x | Rs553.53 Million |
| 2021 | 23.19% | 11.92% | 1.54x | 1.26x | Rs572.13 Million |
| 2022 | 24.03% | 11.91% | 1.65x | 1.23x | Rs752.21 Million |
| 2023 | 23.35% | 11.22% | 1.69x | 1.23x | Rs796.43 Million |
| 2024 | 18.70% | 10.50% | 1.47x | 1.21x | Rs612.73 Million |
| 2025 | 11.23% | 7.10% | 1.32x | 1.20x | Rs93.69 Million |
Industry Comparison
This section compares TCI Express Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $6,745,109,700
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCI Express Limited (TCIEXP) | Rs8.07 Billion | -2.00% | 0.20x | $217.86 Million |
| Accuracy Shipping Limited (ACCURACY) | $1.16 Billion | 7.11% | 1.47x | $8.29 Million |
| Allcargo Terminals Ltd (ATL) | $2.50 Billion | 17.75% | 2.16x | $68.78 Million |
| Blue Dart Express Limited (BLUEDART) | $6.84 Billion | 22.59% | 0.54x | $1.40 Billion |
| Delhivery Limited (DELHIVERY) | $29.15 Billion | 0.00% | 0.64x | $3.78 Billion |
| Future Supply Chain Solutions Limited (FSC) | $4.80 Billion | 6.34% | 0.61x | $279.56 |
| Gateway Distriparks Limited (GATEWAY) | $13.32 Billion | 27.42% | 0.75x | $310.00 Million |
| Jet Freight Logistics Limited (JETFREIGHT) | $59.46 Million | 12.24% | 4.96x | $10.26 Million |
| Maheshwari Logistics Limited (MAHESHWARI) | $244.26 Million | 5.63% | 2.86x | $16.41 Million |
| Mahindra Logistics Limited (MAHLOG) | $5.04 Billion | -10.86% | 3.91x | $432.98 Million |
| Navkar Corporation Limited (NAVKARCORP) | $4.34 Billion | 20.76% | 1.12x | $163.35 Million |
About TCI Express Limited
TCI Express Limited provides express delivery solutions in India and internationally. It provides surface express; domestic and international air express; e-commerce express; C2C express; rail express; and cold chain express services. The company serves automotive and auto component, textile and lifestyle, consumer durables, pharmaceuticals and cold chain, engineering, retail, e-commerce, telecom… Read more