Transport Corporation of India

Cash reserves turned positive, rising from ₹(3,124) Cr in Q1 FY26 to ₹2,546 Cr in Q1 FY27, restoring liquidity.

Total debt rose from ₹1,912 Cr in Q1 FY26 to ₹2,733 Cr in Q1 FY27, increasing leverage to fund expansion.

TCI Supply Chain EBDITA margins improved from 9.2% in Q3 FY26 to 10.2% in Q1 FY27, showing better cost control.

Return on capital employed declined from 29.3% in Q1 FY26 to 23.0% in Q1 FY27, reflecting the drag of new asset investments.

Foreign investor stakes rebounded from 4% in Q2 FY26 to 11% in Q1 FY27, signaling renewed market confidence.

TCI Freight EBIT margins softened from 2.7% in Q1 FY26 to 2.5% in Q1 FY27, indicating ongoing pricing pressure.

Valuation multiples contracted from 15.7x in Q2 FY26 to 10.8x in Q1 FY27, making the stock more attractively priced.

TCI Seaways EBIT margins fell from 42.8% in Q3 FY26 to 36.7% in Q1 FY27, as shipping rates normalize.