[Dilip Davda] TCIL is engaged in providing 3PL logistics as well as FTL Services. It is operating in a highly competitive and fragmented segment. The company marked growth in its top lines for the reported periods. The boost in bottom lines from FY23 onwards raises eyebrows. Based on recent financial performance, the issue appears aggressively priced. There is no harm in skipping this pricey bet that can be termed as “High Risk/Low Return” offer. Read detail review...

Tejas Cargo IPO Peer Comparison

Tejas Cargo India Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
Tejas Cargo India Limited	7.52	31.52		23.85	Consolidated
AVG Logistics Limited	26.66		11.64	12.65	Consolidated
Ritco Logistics Ltd	13.22		27.33	17.8	Consolidated

Notes:

The P/E Ratio has been computed based on the closing market price of equity shares on www.nseindia.com on February 04, 2025 divided by the diluted EPS.
RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
NAV is computed as the closing net worth divided by the number of Equity Shares outstanding on March 31, 2024, after considering the impact of capital change during 6 months period ended September 30, 2024, retrospectively.

Tejas Cargo IPO Review by Members

Tejas Cargo IPO Reviews, analysis and views by popular members. Read Tejas Cargo India Ltd. IPO reviews by retail investors to find recommended ipo to buy.

Tejas Cargo IPO Review Summary by Members

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