---
title: "Tejas Cargo India Ltd (TEJASCARGO) — Share Price, Financials & Analysis"
symbol: "TEJASCARGO"
company: "Tejas Cargo India Ltd"
canonical: "https://tapetide.com/stocks/TEJASCARGO"
isin: "INE17WC01013"
nse_symbol: "TEJASCARGO"
sector: "Services"
industry: "Transport Services"
market_cap_cr: 955.71
generated_at: "2026-09-13T19:34:35.901Z"
---

# Tejas Cargo India Ltd (TEJASCARGO)

Canonical page: https://tapetide.com/stocks/TEJASCARGO

## Company

- **NSE Symbol:** TEJASCARGO
- **ISIN:** INE17WC01013
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tcipl.in

## About

Incorporated in March 2021, Tejas Cargo India Limited is a logistics company providing supply chain transportation services by road throughout India.[1]

## Latest Price

- **Price:** ₹400
- **Change:** 0 (0%)
- **Open:** ₹392
- **Day High:** ₹410
- **Day Low:** ₹392
- **Previous Close:** ₹400
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:13+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:48.935667Z.

- **Market Cap:** ₹955.71 Cr
- **Classification:** SME
- **P/E (reported):** 45.7
- **Book Value:** ₹80.89
- **Price to Book:** 4.95
- **Dividend Yield:** 0%
- **ROE:** 11.05%
- **ROCE:** 16.43%
- **Debt to Equity:** 1.14
- **Revenue (yearly):** ₹628.72 Cr
- **Net Income:** ₹21.13 Cr
- **EBITDA:** ₹109.42 Cr
- **52-Week High:** ₹435.85
- **52-Week Low:** ₹251
- **RSI (14):** 53.54

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-08-03
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Flat
- **Percentile:** 29.2 (of 4118 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 10.27 | 15% |
| growth | 55.05 | 15% |
| momentum | 57.97 | 15% |
| ownership | 67.92 | 10% |
| quality | 60.11 | 25% |
| valuation | 31.08 | 20% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | 31.82% | 737.34% |
| ebitda margin growth | 0.88% | -15.74% | 5.2% |
| net income growth | -4.44% | 10.63% | 30% |
| revenue growth | 1.98% | 23.72% | 18% |
| roce | — | -20.7% | -20.7% |
| roe | — | -53.67% | 17.45% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 253 | 249 | 301 | 327 |
| Expenses | 210 | 195 | 258 | 261 |
| Operating Profit | 43 | 54 | 43 | 66 |
| OPM % | 17 | 22 | 14 | 20 |
| Other Income | 2 | 4 | 4 | 3 |
| Interest | 8 | 9 | 7 | 10 |
| Depreciation | 26 | 35 | 24 | 48 |
| Profit before tax | 12 | 14 | 17 | 11 |
| Tax % | 25 | 26 | 25 | 27 |
| Net Profit | 9 | 10 | 13 | 8 |
| EPS in Rs | 4.97 | 4.35 | 5.25 | 3.48 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 209 | 384 | 419 | 501 | 628 |
| Expenses | 201 | 354 | 353 | 404 | 519 |
| Operating Profit | 8 | 31 | 66 | 97 | 109 |
| OPM % | 3.8 | 8 | 16 | 19 | 17 |
| Other Income | 0 | 2 | 3 | 7 | 8 |
| Interest | 1 | 5 | 11 | 17 | 17 |
| Depreciation | 3 | 14 | 41 | 61 | 72 |
| Profit before tax | 4 | 14 | 17 | 26 | 28 |
| Tax % | 25 | 27 | 24 | 26 | 26 |
| Net Profit | 3 | 10 | 13 | 19 | 21 |
| EPS in Rs | 3160 | 9860 | 541.14 | 8 | 8.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.24 | 24 | 24 |
| Reserves | 3 | 13 | 55 | 149 | 169 |
| Borrowings | 31 | 83 | 161 | 159 | 220 |
| Other Liabilities | 29 | 20 | 19 | 28 | 34 |
| Total Liabilities | 64 | 116 | 236 | 360 | 447 |
| Fixed Assets | 17 | 53 | 124 | 153 | 190 |
| CWIP | 0 | 0 | 0 | 20 | 19 |
| Investments | 0 | 0 | 19 | 18 | 30 |
| Other Assets | 46 | 64 | 93 | 169 | 208 |
| Total Assets | 64 | 116 | 236 | 360 | 447 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | 17 | 48 | 63 | 59 |
| Cash from Investing Activity | -25 | -46 | -131 | -110 | -126 |
| Cash from Financing Activity | 30 | 32 | 87 | 80 | 44 |
| Net Cash Flow | 0 | 3 | 5 | 34 | -23 |
| Free Cash Flow | -25 | -32 | -63 | -47 | -55 |
| CFO/OP | -52 | 68 | 80 | 72 | 61 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 62 | 38 | 61 | 70 | 69 |
| Cash Conversion Cycle | 62 | 38 | 61 | 70 | 69 |
| Working Capital Days | -2 | 6 | -14 | 18 | 15 |
| ROCE % | — | 28 | 18 | 16 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 73.63% | 74.27% | 74.71% |
| FIIs | 12.32% | 12.12% | 12.13% |
| DIIs | 0% | 0% | 0% |
| Government | 0% | 0% | 0% |
| Public | 2.16% | 1.86% | 1.56% |
| Others | 11.89% | 11.75% | 11.61% |
| No. of Shareholders | 478 | 233 | 206 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 6 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 403.83 | Sell |
| EMA (10) | 400.7 | Sell |
| SMA (20) | 389.52 | Buy |
| EMA (20) | 395.18 | Buy |
| SMA (50) | 388.58 | Buy |
| EMA (50) | 378.48 | Buy |
| SMA (100) | 342.95 | Buy |
| EMA (100) | 352.98 | Buy |
| SMA (200) | 316.96 | Buy |
| EMA (200) | 310.36 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.67 | Neutral |
| MACD (12,26,9) | 7.68 | Sell |
| Stochastic (14,3,3) | 49.52 | Neutral |
| ADX (14) | 17.42 | Neutral |
| Williams %R (14) | -57.53 | Neutral |
| ATR (14) | 11.01 | Neutral |
| ROC (12) | 0.25 | Buy |
| Stoch RSI (14) | 19.13 | Buy |
| UO (7,14,28) | 46.05 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Tejas Cargo India held analyst and institutional investor meetings on September 09, 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 Sep - Tejas Cargo India held analyst and institutional investor meetings on September 09, 2026.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_09092026192456_Analyst_Meet_Outcome.pdf) |
| 8 Sep - Newspaper ads issued for 5th AGM on 30 Sept 2026, e-voting and book closure details. | [Copy of Newspaper Publication 8 Sep - Newspaper ads issued for 5th AGM on 30 Sept 2026, e-voting and book closure details.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_08092026172314_Covering_Letter_Newspaper_Ad_.pdf) |
| 8 July 2026 - Revised FY2026 financial results filed after EPS disclosure omission in May 28 submission. | [Reply to Clarification- Financial results 8 July 2026 - Revised FY2026 financial results filed after EPS disclosure omission in May 28 submission.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_01072026190719_ClarificationOnQuerybyNSE.pdf) |
| 7 Sep - Tejas Cargo India sends 5th AGM notice; meeting on September 30, 2026 via VC/OAVM with remote e-voting. | [General Updates 7 Sep - Tejas Cargo India sends 5th AGM notice; meeting on September 30, 2026 via VC/OAVM with remote e-voting.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_07092026200023_Covering_Letter_Physical_letter_sent_to_shareholders_.pdf) |
| 7 Sep - 5th AGM on September 30, 2026; approve FY26 accounts, reappoint Manish Bindal and auditors. | [Shareholders meeting 7 Sep - 5th AGM on September 30, 2026; approve FY26 accounts, reappoint Manish Bindal and auditors.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_07092026193229_Covering_for_Notice_of_the_AGM_.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no demat/remat requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no demat/remat requests.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_07042026141923_Regulation_74_5__along_with_RTA_Certificate.pdf) |
| 6 Sep - Tejas Cargo India will host analyst and investor meetings on 9 September 2026 in Mumbai. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 Sep - Tejas Cargo India will host analyst and investor meetings on 9 September 2026 in Mumbai.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_06092026161900_Investor_Meet.pdf) |
| 6 Sep - Newspaper notice published for 5th AGM on September 30, 2026 at 11:30 A.M. via VC/OAVM. | [Copy of Newspaper Publication 6 Sep - Newspaper notice published for 5th AGM on September 30, 2026 at 11:30 A.M. via VC/OAVM.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_06092026155935_Newspaper_Intimation_.pdf) |
| 5 Sep - Tejas Cargo India will hold its 5th AGM on 30 September 2026 via VC/OAVM. | [General Updates 5 Sep - Tejas Cargo India will hold its 5th AGM on 30 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_05092026163600_Notice_of_the_AGM.pdf) |
| 5 Sep - Book closure from 24 September 2026 to 30 September 2026 for the 5th AGM. | [Record Date 5 Sep - Book closure from 24 September 2026 to 30 September 2026 for the 5th AGM.](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_05092026164410_Book_Closure.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31780_TEJASCARGO_2025_2026_A_5582424_07092026200538.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28795_TEJASCARGO_2024_2025_A_3571387_06092025175246.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_21112025184452_Transcript_of_Earnings_Conference_Call.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_25032025165107_Presentationbharatconference_SD.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/TEJASCARGOINDIA_19072025143844_Tejas_Caro_India_Limited_-_Investor_Presentation_v4.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:34:35.901Z.