TCI Express cash flow

Latest FY26

Cash from operations: ₹101cr−14.3% on FY25
Capital spending: ₹125cr+147.6% on FY25
Free cash flow: −₹23.9cr₹67.8 cr in FY25
Cash from financing: −₹8.1cr−₹32.2 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023

Adjustments to reconcile profit — non-cash items
	—	25.7	21.9	19.0	15.3
	—	3.0	−0.2	−0.2	−0.3
	—	2.1	0.5	1.5	1.8
	—	−0.2	−1.2	−4.1	−4.8
	—	0.0	0.0	−0.8	−0.2
	—	0.6	3.2	3.9	3.5
	—	2.8	0.0	0.4	0.7
	—	−12.1	0.0	0.0	0.0
Changes in working capital
	—	−12.9	6.1	−20.1	−21.6
	—	−13.6	−8.3	−0.6	−3.3
	—	−6.9	5.0	3.3	14.7
	—	29.2	0.0	0.0	0.0
	—	0.0	4.9	0.0	−0.8
Cash from operating activities
	112	110	115	174	185
	—	17.9	29.7	2.3	5.0
	—	128	145	176	189
	—	26.8	26.5	40.2	43.0
	—	101	118	136	147
Cash from investing activities
	—	125	50.6	52.2	126
	—	1.0	20.7	0.0	0.5
	—	0.0	0.0	0.3	0.0
	—	0.3	0.0	0.0	0.0
	—	0.0	454	105	15.6
	—	0.0	391	47.4	71.3
	—	1.4	0.0	0.0	0.0
	—	0.0	1.2	4.1	4.8
	—	34.3	0.0	0.0	0.0
	—	−88.9	−91.5	−105	−64.7
Cash from financing activities
	—	1.7	2.8	2.2	2.0
	—	0.0	0.0	0.0	43.0
	—	33.2	0.0	2.0	0.5
	—	0.0	3.0	−0.2	0.8
	—	8.2	0.0	0.0	0.0
	—	0.3	1.3	1.5	1.8
	—	34.6	30.7	30.7	30.8
	—	0.0	0.0	0.0	−9.9
	—	−8.1	−32.2	−27.8	−83.7
	—	4.4	−5.3	3.2	−1.9
	—	4.4	−5.3	3.2	−1.9
	—	—	—	17.0	13.8
Reference items
	129	125	125	187	194
	10.2%	10.1%	10.3%	14.9%	15.7%
	−23.9	−23.9	67.8	83.9	20.8
	—	9.0	63.5	84.6	—
	−₹6.22	−₹6.22	₹17.66	₹21.84	₹5.41
	—	1.25×	1.38×	1.03×	1.05×
	—	26.8	26.5	40.2	43.0
	—	0.3	1.3	1.5	1.8

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

TCIEXP₹475.05

TCI Express Limited

· Consumer Services

₹ CrorePeersALLCARGO GATEWAY NAVKARCORPMAHLOG RIIL RITCO WCILMcap ₹1,824 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	15.3	19.0	21.9	25.7	—
+ Impairment Loss / (Reversal)	-0.3	-0.2	-0.2	3.0	—
+ Finance Costs	1.8	1.5	0.5	2.1	—
+ Interest Income	-4.8	-4.1	-1.2	-0.2	—
+ Fair Value (Gains) / Losses	-0.2	-0.8	0.0	0.0	—
+ Share-based Payments	3.5	3.9	3.2	0.6	—
+ Other Non-cash Items	0.7	0.4	0.0	2.8	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-12.1	—
Changes in Working Capital
+ Trade Receivables — Current	-21.6	-20.1	6.1	-12.9	—
+ Other Current Assets	-3.3	-0.6	-8.3	-13.6	—
+ Trade Payables — Current	14.7	3.3	5.0	-6.9	—
+ Trade Payables — Non-current	0.0	0.0	0.0	29.2	—
+ Other Current Liabilities	-0.8	0.0	4.9	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	184.5	174.0	115.2	110.4	111.7
+ Total Adjustments (incl. Working Capital)	5.0	2.3	29.7	17.9	—
Cash from Operations (pre-tax)	189.5	176.2	144.9	128.2	—
+ Income Taxes Paid	43.0	40.2	26.5	26.8	—
Cash from Operating Activities	146.5	136.0	118.4	101.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	125.7	52.2	50.6	125.3	—
+ Disp of Fixed Assets	0.5	0.0	20.7	1.0	—
+ Disp of Investment Property	0.0	0.3	0.0	0.0	—
+ Acq of Goodwill	0.0	0.0	0.0	0.3	—
+ Purchase of Investments (Equity / Debt)	15.6	104.7	454.0	0.0	—
+ Sale of Investments (Equity / Debt)	71.3	47.4	391.2	0.0	—
+ Dividends Received — Investing	0.0	0.0	0.0	1.4	—
+ Interest Received — Investing	4.8	4.1	1.2	0.0	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	0.0	34.3	—
Cash from Investing Activities	-64.7	-105.1	-91.5	-88.9	—
Cash from Financing Activities
+ Proceeds from Exercise of Stock Options	2.0	2.2	2.8	1.7	—
+ Buyback / Redemption of Own Shares	43.0	0.0	0.0	0.0	—
+ Proceeds from Borrowings	0.5	2.0	0.0	33.2	—
+ Repayment of Borrowings	0.8	-0.2	3.0	0.0	—
+ Payment of Lease Liabilities	0.0	0.0	0.0	8.2	—
+ Interest Paid	1.8	1.5	1.3	0.3	—
+ Dividends Paid	30.8	30.7	30.7	34.6	—
+ Other Inflows / (Outflows) — Financing	-9.9	0.0	0.0	0.0	—
Cash from Financing Activities	-83.7	-27.8	-32.2	-8.1	—
Net Changes in Cash (pre-FX)	-1.9	3.2	-5.3	4.4	—
Net Changes in Cash	-1.9	3.2	-5.3	4.4	—
Closing Cash	13.8	17.0	—	—	—
Reference Items
EBITDA	194.5	187.2	124.7	125.3	128.9
EBITDA Margin %	15.67	14.93	10.32	10.12	10.20
Free Cash Flow (CFO − Capex)	20.8	83.9	67.8	-23.9	-23.9
Free Cash Flow to Equity	—	84.6	63.5	9.0	—
Free Cash Flow per Basic Share	5.41	21.84	17.66	-6.22	-6.22
Cash Flow to Net Income	1.05	1.03	1.38	1.25	—
Cash Paid for Taxes	43.0	40.2	26.5	26.8	—
Cash Paid for Interest	1.8	1.5	1.3	0.3	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.