2 weeks Ago
Motilal Oswal Financial Services has a buy call on Transport Corporation of India with a target price of Rs 1,290. The current market price of Transport Corporation is Rs 1,090. Transport Corporation of India, incorporated in 1995, is a Small Cap company with a market cap of Rs 8386.
80 crore, operating in the Logistics sector. Transport Corporation of India's key products/revenue segments include Freight & Demurrage and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 1131.
40 crore, up 7.14 % from last quarter Total Income of Rs 1056.00 crore and up 12.
60 % from last year same quarter Total Income of Rs 1004.80 crore. The company has reported net profit after tax of Rs 83.
10 Crore in latest quarter. Investment Rationale Transport Corporation of India is benefiting immensely from being a multi-modal logistics provider. It is the only player in the domestic logistics industry that offers services across road, rail, and sea.
TRPC?s established infrastructure, long-standing customer relationships, and experienced management team should boost its position as a preferred 3PL partner. Motilal Oswal Financial Services expects Transport Corporation to deliver a CAGR of 15%/19%/18% in revenue/EBITDA/PAT over FY24-27. The brokerage reiterates a BUY rating on the stock with a targe price of Rs 1,290, based on 18x Sep?26E EPS.
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