TCI Express (NSE:TCIEXP) Days Payable: 26.28 (As of Mar. 2026) — 13% Below Median


NSE:TCIEXP TCI Express Ltd NSE:TCIEXP
72 GF Score
Price ₹507.90
GF Value ₹912.06
Valuation Possible Value Trap
! 7 Warning Signs
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What is TCI Express Days Payable?

TCI Express NSE:TCIEXP -0.61% 72 Days Payable is 26.28 as of Mar. 2026, which is 13% below its 10-year median of 30.35. GuruFocus rates NSE:TCIEXP with a GF Score™ of 72/100 and a GF Value™ of ₹912.06 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 964 Transportation companies, TCI Express ranks worse than 62.34% on this metric.

TCI Express's average Accounts Payable for the three months ended in Mar. 2026 was ₹814 Mil. TCI Express's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,825 Mil. Hence, TCI Express's Days Payable for the three months ended in Mar. 2026 was 26.28.

The historical rank and industry rank for TCI Express's Days Payable or its related term are showing as below:

NSE:TCIEXP' s Days Payable Range Over the Past 10 Years
Min: 17.43   Med: 30.35   Max: 37.66
Current: 30.4

During the past 12 years, TCI Express's highest Days Payable was 37.66. The lowest was 17.43. And the median was 30.35.

NSE:TCIEXP's Days Payable is ranked worse than
62.34% of 964 companies
in the Transportation industry
Industry Median: 39.01 vs NSE:TCIEXP: 30.40

TCI Express's Days Payable declined from Mar. 2025 (33.63) to Mar. 2026 (26.28). It may suggest that TCI Express accelerated paying its suppliers.


TCI Express Days Payable Historical Data

* Premium members only.

The historical data trend for TCI Express's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TCI Express Days Payable Chart

TCI Express Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.16 30.01 31.92 33.38 30.68

TCI Express Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.63 35.77 30.27 29.38 26.28

NSE:TCIEXP vs UPS, FDX, JBHT: Days Payable Comparison

For the Integrated Freight & Logistics subindustry, TCI Express's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TCI Express Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, TCI Express's Days Payable distribution charts can be found below:

* The bar in red indicates where TCI Express's Days Payable falls into.


NSE:TCIEXP
72GF Score
TCI Express Ltd NSE:TCIEXP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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TCI Express Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

TCI Express's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (965.9 + 813.6) / 2 ) / 10585.8*365
=889.75 / 10585.8*365
=30.68

TCI Express's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 813.6) / 1 ) / 2824.9*365 / 4
=813.6 / 2824.9*365 / 4
=26.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 26.28 mean?
TCI Express (NSE:TCIEXP) has a Days Payable of 26.28 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TCI Express and its competitors. This is 13% below median its historical median of 30.35. Over the past decade, TCI Express' Days Payable has ranged from 17.43 to 37.66. According to the industry distribution chart, TCI Express ranks #601 out of 964 companies in the Transportation industry, placing it in the top 62.3%.
Is TCI Express' Days Payable too high?
TCI Express' current Days Payable of 26.28 is 13% below median its 10-year median of 30.35. Over the past 10 years, this metric has ranged from a low of 17.43 to a high of 37.66. The Transportation industry median Days Payable is 39.01. TCI Express' value of 26.28 is 32.6% below this industry median. Based on the distribution chart, TCI Express ranks #601 out of 964 companies in the Transportation industry, which is below the industry midpoint. Overall, TCI Express has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCI Express' Days Payable compare to UPS and FDX?
According to the Transportation industry distribution chart, TCI Express ranks #601 out of 964 companies for Days Payable. This places TCI Express in the lower half of its industry. The industry median Days Payable is 39.01. TCI Express' value of 26.28 is 32.6% below this benchmark. Historically, TCI Express' own Days Payable has ranged from 17.43 to 37.66 over the past decade. While the company's 10-year median is 30.35 vs. the industry median of 39.01, TCI Express has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 39.01, based on 964 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TCI Express's current Days Payable of 26.28 is 32.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TCI Express and its competitors. For the Transportation industry, the median Days Payable is 39.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCI Express's current Days Payable is 26.28, which is 13% below median its own 10-year median of 30.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCI Express stock overvalued right now?
Based on GuruFocus' analysis, TCI Express (NSE:TCIEXP) is currently considered Possible Value Trap. The stock's GF Value™ is ₹912.06, compared to a current price of ₹507.90 — trading 44.3% below its estimated fair value. The current Days Payable is 26.28, which is 13% below median its 10-year median of 30.35 and 32.6% below the Transportation industry median of 39.01. TCI Express' overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For TCI Express (NSE:TCIEXP), the current Days Payable is 26.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TCI Express (NSE:TCIEXP) Overvalued in 2026?

Based on GuruFocus' analysis, TCI Express stock appears to be undervalued. The current stock price of ₹507.90 is trading 44.3% below its estimated GF Value™ of ₹912.06. GuruFocus considers TCI Express to be Possible Value Trap.

Key valuation signals for NSE:TCIEXP:

  • Days Payable: 26.28 (13% below median its 10-year median of 30.35)
  • GF Value™: ₹912.06 vs. price of ₹507.90 (44.3% below fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 32.6% below the Transportation median (#601 of 964)

No single metric tells the full story. See the NSE:TCIEXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TCI Express Business Description

Other Exchanges 540212:India
Address Sector 32, TCI House, Plot No. 84, 69 Institutional Area, Gurugram, HR, IND, 122001
TCI Express Ltd is a courier service company. The company provides surface express, domestic air express, international air express, e-commerce express, and others. It serves industries such as automobiles, retail, telecom, pharmaceuticals, and e-commerce. The company's only reportable segment being Express Cargo.
72GF Score

Get the complete analysis for NSE:TCIEXP

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹507.90
Price
₹912.06
GF Value