1 TCI share price target reports by brokerages below. See what is analyst's view on TCI share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
The company continues to build capacity in its SCS and shipping division (| 200-250 crore earmarked for FY20). We believe capacity utilisation in the medium term, will push TCI towards blended margins of ~10% with a RoCE of ~17%. With multi-modal capabilities, we believe TCI has developed a strong moat around its business thereby delivering sustainable growth rates. On an SOTP basis, we value the company at Rs 330/share with a BUY rating on the stock.
With stabilisation of GST, e-way bill and increased permit of 20-25% axleload, the tailwind’s for the sector are strong. Considering this we believe that TCI has potential for scaling up of business given its strong presence inwarehousing space, provides multimodal logistics services, supply chain management and the third party logistics services. The earnings outlook is healthy at 18% CAGR over FY18-20E. We value TCI at 15x on FY21E with target price of Rs346and upgrade to “Buy” from Accumulate.
The company continues to build capacity in its SCS and shipping division (| 200-250 crore earmarked for FY20). We believe utilisation of capacity in the medium term, will push TCI towards blended margins of ~10% with a RoCE of ~17%. With multi-modal capabilities, we believe TCI has developed a strong moat around its business thereby delivering sustainable growth rates. On an SOTP basis, we value the company at Rs 360 per share with a BUY recommendation on the stock.
Q3 saw a strong performance in the seaways (52% revenue growth) and freight segment (20.3% growth). However, supply chain performance (10% growth) showed concerns surrounding the auto segment (especially in-bound logistics). Blended revenue growth continued to remain at 19% (on a high base of 25% revenue growth) indicating a head start for the business in an increasing digitised environment (GST, E-Way bill). The company continues to build capacity in its SCS and shipping division (| 175-200 crore earmarked for FY19). We believe utilisation of the capacity in the medium term will push TCI towards blended margins of ~10% with a RoCE of ~15%. With multi-modal capabilities, we believe TCI has developed a strong moat around its business thereby delivering sustainable growth rates. On an SOTP basis, we value the company at Rs 350 per share with a BUY recommendation on the stock.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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