TCI Express Limited Net Assets
TCI Express Limited net assets. Based on the latest financial reports, TCI Express Limited (TCIEXP) has net assets worth Rs8.19 Billion INR (≈ $88.55 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs10.25 Billion ≈ $110.82 Million USD) and total liabilities (Rs2.06 Billion ≈ $22.27 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. Also explore TCIEXP year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs8.19 Billion |
| % of Total Assets | 79.9% |
| Annual Growth Rate | 126.41% |
| 5-Year Change | 52.71% |
| 10-Year Change | 411.74% |
| Growth Volatility | 74792.28 |
Net Assets of TCI Express Limited (2014–2026)
Net assets of TCI Express Limited from 2014 to 2026. This chart illustrates how TCI Express Limited's net assets have evolved over time, based on quarterly financial data. See net asset quality index of TCI Express Limited to measure how much of total assets are equity-financed.
Annual Net Assets for TCI Express Limited (2014–2026)
The table below shows the annual net assets of TCI Express Limited from 2014 to 2026. For live market cap and overall valuation, see how much is TCI Express Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs8.19 Billion ≈ $88.55 Million |
+7.12% |
| 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 |
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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 4863900.0% over the analyzed period, indicating profitable operations and earnings retention.
TCI Express Limited Net Assets Breakdown (March 2026)
TCI Express Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs76.80 Million | 0.94% |
| Other Components | Rs8.11 Billion | 99.06% |
| Total Equity | Rs8.19 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 |
|---|---|
|
Banque Cantonale Du Jura SA
SW:BCJ
|
$206.52 Million |
|
Muzero Acquisition Corp
NASDAQ:MUZE
|
$206.53 Million |
|
NewHold Investment Corp IV Class A Ordinary Shares
NASDAQ:NHIV
|
$206.62 Million |
|
Wuhan Golden Laser Co Ltd
SHE:300220
|
$206.65 Million |
|
Sangsin Energy Display Precision Co.Ltd
KQ:091580
|
$206.39 Million |
|
Future Park Leasehold Property Fund
BK:FUTUREPF
|
$206.33 Million |
|
Security National Financial
NASDAQ:SNFCA
|
$206.22 Million |
|
Cloud Live Technology Group Co Ltd
SHE:002306
|
$206.18 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 2025 to 2026, total equity changed from 7,644,100,000 to 8,188,000,000, a change of 543,900,000 (7.1%).
- Net income of 814,300,000 contributed positively to equity growth.
- Dividend payments of 345,700,000 reduced retained earnings.
- New share issuances of 17,300,000 increased equity.
- Other comprehensive income decreased equity by 6,839,500,000.
- Other factors increased equity by 6,897,500,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs814.30 Million | +9.95% |
| Dividends Paid | Rs345.70 Million | -4.22% |
| Share Issuances | Rs17.30 Million | +0.21% |
| Other Comprehensive Income | Rs-6.84 Billion | -83.53% |
| Other Changes | Rs6.90 Billion | +84.24% |
| Total Change | Rs- | 7.12% |
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: 2.34x
- 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 36678.11x to 2.34x 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 | Rs497.00 | x |
| 2015-03-31 | Rs0.01 | Rs497.00 | x |
| 2016-03-31 | Rs32.33 | Rs497.00 | x |
| 2017-03-31 | Rs41.79 | Rs497.00 | x |
| 2018-03-31 | Rs53.98 | Rs497.00 | x |
| 2019-03-31 | Rs69.66 | Rs497.00 | x |
| 2020-03-31 | Rs87.79 | Rs497.00 | x |
| 2021-03-31 | Rs112.76 | Rs497.00 | x |
| 2022-03-31 | Rs139.22 | Rs497.00 | x |
| 2023-03-31 | Rs154.99 | Rs497.00 | x |
| 2024-03-31 | Rs183.21 | Rs497.00 | x |
| 2025-03-31 | Rs257.33 | Rs497.00 | x |
| 2026-03-31 | Rs212.77 | Rs497.00 | 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): 9.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.58%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.25x
- Recent ROE (9.95%) is below the historical average (16.49%), 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 |
| 2026 | 9.95% | 6.58% | 1.21x | 1.25x | Rs-4.50 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: $8,101,048,272
- Average return on equity (ROE) among peers: 6.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCI Express Limited (TCIEXP) | Rs8.19 Billion | -2.00% | 0.25x | $206.50 Million |
| Accuracy Shipping Limited (ACCURACY) | $19.62 Million | 31.41% | 5.62x | $6.38 Million |
| Allcargo Terminals Ltd (ATL) | $-62.07K | 0.00% | 0.00x | $65.86 Million |
| Blue Dart Express Limited (BLUEDART) | $5.32 Billion | 27.21% | 1.83x | $1.12 Billion |
| Delhivery Limited (DELHIVERY) | $33.88 Billion | -52.63% | 0.20x | $3.34 Billion |
| Future Supply Chain Solutions Limited (FSC) | $4.80 Billion | 6.34% | 0.61x | $1.31 Million |
| Gateway Distriparks Limited (GATEWAY) | $11.10 Billion | 11.90% | 0.21x | $250.67 Million |
| Jet Freight Logistics Limited (JETFREIGHT) | $295.94 Million | 27.27% | 2.25x | $8.73 Million |
| Maheshwari Logistics Limited (MAHESHWARI) | $244.26 Million | 5.63% | 2.86x | $21.67 Million |
| Mahindra Logistics Limited (MAHLOG) | $5.60 Billion | 4.69% | 3.56x | $438.07 Million |
| Navkar Corporation Limited (NAVKARCORP) | $19.75 Billion | -0.09% | 0.13x | $125.02 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