Transport of India (NSE:TCI) Operating Income: ₹3,967 Mil (TTM As of Jun. 2026)

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NSE:TCI Transport Corp of India Ltd NSE:TCI
84 GF Score
Price ₹916.35
GF Value ₹1,169.76
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Transport of India Operating Income?

Transport of India NSE:TCI -1.15% 84 Operating Income is ₹3,967 Mil as of Jun. 2026. GuruFocus rates NSE:TCI with a GF Score™ of 84/100 and a GF Value™ of ₹1,169.76 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Transport of India's Operating Income for the three months ended in Jun. 2026 was ₹991 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹3,967 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Transport of India's Operating Income for the three months ended in Jun. 2026 was ₹991 Mil. Transport of India's Revenue for the three months ended in Jun. 2026 was ₹12,485 Mil. Therefore, Transport of India's Operating Margin % for the quarter that ended in Jun. 2026 was 7.94%.

Good Sign:

Transport Corp of India Ltd operating margin is expanding. Margin expansion is usually a good sign.

Transport of India's 5-Year average Growth Rate for Operating Margin % was 1.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Transport of India's annualized ROC % for the quarter that ended in Jun. 2026 was 12.55%. Transport of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 22.48%.


Transport of India  (NSE:TCI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Transport of India's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=3964 * ( 1 - 8.73% )/( (28823.61 + 0)/ 1 )
=3617.9428/28823.61
=12.55 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=34818.59 - 3047.62 - ( 2947.36 - max(0, 5975.11 - 16003.85+2947.36))
=28823.61

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Transport of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4952/( ( (15669.76 + max(6355.89, 0)) + (0 + max(0, 0)) )/ 1 )
=4952/( ( 22025.65 + 0 )/ 1 )
=4952/22025.65
=22.48 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8163.63 + 147.8 + 3160.07) - (3047.62 + 0 + 2067.99)
=6355.89

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Transport of India's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=991/12485
=7.94 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Transport of India Operating Income Related Terms


Transport of India Operating Income Historical Data

* Premium members only.

The historical data trend for Transport of India's Operating Income 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.

Transport of India Operating Income Chart

Transport of India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,044.99 1,826.53 1,392.75 1,910.80 2,136.00

Transport of India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 922.00 962.00 948.00 1,066.00 991.00
NSE:TCI
84GF Score
Transport Corp of India Ltd NSE:TCI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Transport of India Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,967 Mil.

* 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 Operating Income →
What does a Operating Income of ₹3,967 Mil mean?
Transport of India (NSE:TCI) has a Operating Income of ₹3,967 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Transport of India and its competitors.
Is Transport of India's Operating Income too high?
Transport of India's current Operating Income is ₹3,967 Mil. Overall, Transport of India has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transport of India's Operating Income compare to UPS and FDX?
Transport of India's Operating Income of ₹3,967 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Transportation company?
A good Operating Income depends on the Transportation industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Transport of India and its competitors. Transport of India's current Operating Income is ₹3,967 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transport of India stock overvalued right now?
Based on GuruFocus' analysis, Transport of India (NSE:TCI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,169.76, compared to a current price of ₹916.35 — trading 21.7% below its estimated fair value. The current Operating Income is ₹3,967 Mil. Transport of India's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Transport of India (NSE:TCI), the current Operating Income is ₹3,967 Mil as of Jun. 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 Transport of India (NSE:TCI) Overvalued in 2026?

Based on GuruFocus' analysis, Transport of India stock appears to be undervalued. The current stock price of ₹916.35 is trading 21.7% below its estimated GF Value™ of ₹1,169.76. GuruFocus considers Transport of India to be Modestly Undervalued.

Key valuation signals for NSE:TCI:

  • Operating Income: ₹3,967 Mil
  • GF Value™: ₹1,169.76 vs. price of ₹916.35 (21.7% below fair value)
  • GF Score™: 84/100 with 1 warning sign

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


Transport of India Business Description

Other Exchanges 532349:India
Address TCI House, 69 Institutional Area, Sector-32, Gurugram, HR, IND, 122001
Transport Corp of India Ltd is an integrated logistics and supply chain solutions provider. The company's operating segment includes Freight, Supply Chain Solutions, Seaways, and Energy. It generates maximum revenue from the Freight Division segment. The Company derives revenues from the business of freight, logistics services (comprising of supply chain management, warehousing, and allied services), and the sale of power. Geographically, it operates only in India.
84GF Score

Get the complete analysis for NSE:TCI

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

₹916.35
Price
₹1,169.76
GF Value