HDFC Securities has buy on TCI Express, target price Rs 815
Buy TCI Express Ltd. at a price target of Rs 815.0 .
For the quarter ended 30-06-2019, the company has reported standalone sales of Rs 256.17 crore, down 3.64% from last quarter sales of Rs 265.84 crore and up 3.47% from last year same quarter sales of Rs 247.59 crore. The company has reported net profit after tax of Rs 18.41 crore in the latest quarter.
The company has a strong balance sheet, robust return ratios such as RoE/RoCE/RoA at 30%/36.5%/26% in FY 2020.The brokerage expects that the company will get benefits from the new expansion, diversified customers, diversified revenue stream, which would lead to 15% CAGR in top-line and 26% EPS CAGR over FY19-21E. .