Transport Corporation of India Share Price Target 2027: 15.9% Upside to Rs 1,004, Bull Rs 1,215
- November 6, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Transport Corporation of India share price Rs 866.05 (6 November 2026). Base target Rs 1,004, bull Rs 1,215, downside risk Rs 699. PE 14.19. 52W range Rs 797.00 to Rs 1,185.90.
Quick Answer
The Transport Corporation of India share price target for 2027 is Rs 1,004, about 15.9% above the current price of Rs 866.05. The bull case is Rs 1,215, and the downside risk level, which is not a target, is Rs 699. The base case assumes earnings per share grow 14.8% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 14.19. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Transport Corporation of India target price for 2027 should start with where the stock sits today. At Rs 866.05 on 6 November 2026, it is 27.0% below its 52-week high of Rs 1,185.90 and 8.7% above its 52-week low of Rs 797.00. That range spans 49% from low to high, so the entry point matters as much as the Transport Corporation of India price forecast itself.
This article builds the Transport Corporation of India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Transport Corporation of India Stock Analysis: Company Overview and Key Stats
Transport Corporation of India (NSE: TCI) has a market capitalisation of Rs 6,581 crore. In FY26 it reported revenue of Rs 4,965 crore and net profit of Rs 459.88 crore. The table collects the figures the Transport Corporation of India share price target is built on.
| Metric | Value |
|---|---|
| Company | Transport Corporation of India |
| NSE Ticker | TCI |
| CMP (6 November 2026) | Rs 866.05 |
| 52-Week High | Rs 1,185.90 |
| 52-Week Low | Rs 797.00 |
| Market Cap | Rs 6,581 crore |
| PE Ratio (TTM) | 14.19 |
| Industry PE | 41.52 |
| Price to Book | 2.36 |
| Return on Equity | 16.48% |
| Debt to Equity | 0.17 |
| EPS (TTM) | Rs 61.61 |
| Dividend Yield | 1.17% |
| 12-Month Base Target | Rs 1,004 |
| Bull Case | Rs 1,215 |
| Downside Risk Level (not a target) | Rs 699 |
Why Is Transport Corporation of India Share Price Target Set at Rs 1,004 for 2027?
The arithmetic is short. Trailing EPS of Rs 61.61 grown for one year gives a forward EPS estimate of Rs 70.73, and multiplying it by the unchanged PE of 14.19 gives the Rs 1,004 base-case Transport Corporation of India stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Transport Corporation of India Target Price: Five Years of Results
Transport Corporation of India grew revenue from Rs 3,277 crore in FY22 to Rs 4,965 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew faster, from Rs 292.82 crore to Rs 459.88 crore (11.9% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 3,276.59 | 292.82 | 37.34 | 4.00 |
| FY23 | 3,812.84 | 320.59 | 40.83 | 7.00 |
| FY24 | 4,070.05 | 354.46 | 45.06 | 7.00 |
| FY25 | 4,538.49 | 416.01 | 53.32 | 8.00 |
| FY26 | 4,965.02 | 459.88 | 59.38 | 10.00 |
FY26 revenue growth was 9.4%, close to the four-year average of 10.9%, and net profit moved up 10.5%. EPS rose from Rs 45.06 in FY24 to Rs 59.38 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Transport Corporation of India converted 9.3% of FY26 revenue into net profit, against 9.2% in FY25, within a five-year range of 8.4% to 9.3%. EBITDA margin was 13.1% in FY26 versus 13.2% in FY25.
In the September 2026 quarter, revenue was Rs 1,398 crore, up 14.8% from the same quarter a year earlier, while net profit of Rs 116.90 crore was up 3.0%. EBITDA came in at Rs 154.20 crore, up 10.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.17, and shareholders’ equity grew from Rs 1,458 crore in FY22 to Rs 2,605 crore in FY26. Operating cash flow in FY26 was Rs 444.39 crore against capital expenditure of Rs 413.55 crore, leaving free cash flow of Rs 30.84 crore, or 0.5% of the current market capitalisation. In FY25 free cash flow was Rs 5.16 crore.
Valuation Check for the Transport Corporation of India Stock Target: PE, Price to Book and ROE
At a PE of 14.19 against an industry PE of 41.52, Transport Corporation of India trades at a discount to its industry. Price to book is 2.36 on a book value of Rs 370.61 per share, and return on equity is 16.48%. A PE of 14.19 equals an earnings yield of 7.0%, and the FY26 dividend of Rs 10.00 per share gives a yield of 1.17%.
Shareholding Pattern and Institutional Holding
Promoters held 68.66% of Transport Corporation of India in September 2026, and promoter holding has stayed near 68.66% since September 2025. Foreign institutional investors (FII) held 3.04% and domestic institutions (DII) held 13.08%, which puts total institutional holding at 16.12%. FII holding fell from 3.20% in September 2025 to 3.04% in September 2026. Public shareholders own the remaining 15.22%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Transport Corporation of India Share Price Targets for the Short Term and 12 Months
Short Term Transport Corporation of India Stock Target Levels: Technical Setup
At Rs 866.05 on 6 November 2026, Transport Corporation of India trades above its 50-day simple moving average of Rs 862.58 and below its 200-day exponential moving average of Rs 936.97. The 14-day RSI reads 50.6, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 936.97 (200-day exponential moving average) and the nearest support is Rs 862.58 (50-day simple moving average). A sustained move above Rs 936.97 would improve the short-term setup, while a close below Rs 862.58 would shift attention to the next support.
12 Month Transport Corporation of India Target Price for 2027
The 12-month target of Rs 1,004 means a move of 15.9% up from Rs 866.05 over the next 12 months. It would still leave the stock 15.3% below its 52-week high of Rs 1,185.90. Anyone checking the Transport Corporation of India share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Transport Corporation of India Target Price
| EPS Growth | PE 11.35 | PE 14.19 | PE 16.32 |
|---|---|---|---|
| 0.0% (EPS Rs 61.61) | Rs 699 | Rs 874 | Rs 1,005 |
| 14.8% (EPS Rs 70.73) | Rs 803 | Rs 1,004 | Rs 1,154 |
| 20.8% (EPS Rs 74.42) | Rs 845 | Rs 1,056 | Rs 1,215 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Transport Corporation of India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Transport Corporation of India Stock Target in 2027
Bull Case Rs 1,215
The bull case Transport Corporation of India price target needs EPS growth of 20.8%, which lifts forward EPS to Rs 74.42, and a PE multiple that rises 15% to 16.32. That gives Rs 1,215, 40.3% above the current price and above the 52-week high of Rs 1,185.90, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 699
The downside risk level is not a target. It assumes EPS stays flat at Rs 61.61 and the PE falls 20% to 11.35. That gives Rs 699, 19.3% below the current price and below the 52-week low of Rs 797.00.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 20.8% | 16.32 | Rs 1,215 | +40.3% |
| Base Case | 14.8% | 14.19 | Rs 1,004 | +15.9% |
| Downside Risk | 0.0% | 11.35 | Rs 699 | -19.3% |
Key Risks to the Transport Corporation of India Target Price for 2027
Growth Slowdown Risk for the Transport Corporation of India Price Target
Revenue in the September 2026 quarter was up 14.8% year on year, and FY26 revenue growth was 9.4%. If growth slows from here, the EPS estimate behind the Transport Corporation of India stock target will need revising.
Liquidity and Size Risk
Transport Corporation of India has a market capitalisation of Rs 6,581 crore. Institutional holding is 16.12%, and promoters hold 68.66%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 9.3% in FY26, so a small slip in costs moves profit noticeably. At a PE of 14.19 versus an industry PE of 41.52, a de-rating toward the downside-risk PE of 11.35 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 50.6 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any Transport Corporation of India stock target, however carefully it is built. Treat every Transport Corporation of India share price target as a range of outcomes rather than a single point.
How to Invest in Transport Corporation of India
Start with the live price and volume. Any Transport Corporation of India share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 866.05 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Transport Corporation of India’s PE, ROE, debt and shareholding in one place.
Check Transport Corporation of India fundamentals on the Univest Screener
Then compare the three Transport Corporation of India target price scenarios with your own view. If you expect EPS growth below 14.8%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Transport Corporation of India live price and get daily stock recommendations.
Conclusion
The Transport Corporation of India share price target for 2027 is Rs 1,004 in the base case, with Rs 1,215 as the bull case. The support for that view is arithmetic you can check: EPS grew 14.8% a year over FY24 to FY26, and the stock trades at a PE of 14.19. The risks are equally concrete, including a net margin of just 9.3% that leaves profit sensitive to costs and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Transport Corporation of India Share Price Target 2027
What is the Transport Corporation of India share price target for 2027?
Ans. The base-case Transport Corporation of India share price target for 2027 is Rs 1,004, which is 15.9% above the price of Rs 866.05 on 6 November 2026. The bull case is Rs 1,215 and the downside risk level, which is not a target, is Rs 699. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Transport Corporation of India share price today?
Ans. As of 6 November 2026, 9:57 AM IST, Transport Corporation of India (NSE: TCI) trades at Rs 866.05, down 0.85% on the day. That is 27.0% below the 52-week high of Rs 1,185.90 and 8.7% above the 52-week low of Rs 797.00. The market capitalisation of Rs 6,581 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Transport Corporation of India a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 14.8% a year over FY24 to FY26 and the base case implies 15.9% upside; on the cautious side, the net margin is a thin 9.3%, and the downside risk level of Rs 699 is 19% below the current price. Whether Transport Corporation of India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Transport Corporation of India shares?
Ans. The bull case in the Transport Corporation of India share price target for 2027 is Rs 1,215, which assumes 20.8% EPS growth and a PE of 16.32, a 15% re-rating from today’s multiple. That is 40.3% above the current price and above the 52-week high of Rs 1,185.90, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 699, which assumes flat EPS and a PE of 11.35, 20% lower than today. It sits 19.3% below the current price and below the 52-week low of Rs 797.00, and it marks a risk to watch, not a target.
What are the main risks to the Transport Corporation of India price target?
Ans. Four risks matter most for the Transport Corporation of India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 6,581 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 11.35 would cut the price even if earnings hold.
What is the PE ratio of Transport Corporation of India and how does it compare with the industry?
Ans. The PE ratio of Transport Corporation of India is 14.19, against an industry PE of 41.52, which is a discount to the industry. Price to book is 2.36 and return on equity is 16.48%, and the PE equals an earnings yield of 7.0%. The base case holds the PE unchanged, so the Transport Corporation of India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Transport Corporation of India, and what is the promoter holding?
Ans. Promoters held 68.66% of Transport Corporation of India in September 2026. FII held 3.04%, DII held 13.08% and the public held 15.22%. Together the two institutional groups hold 16.12%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Transport Corporation of India’s latest quarterly results?
Ans. In the September 2026 quarter, Transport Corporation of India reported revenue of Rs 1,398 crore (up 14.8% year on year) and net profit of Rs 116.90 crore (up 3.0%). For comparison, FY26 full-year revenue growth was 9.4% and net profit moved up 10.5%. Each new quarter either supports or weakens the EPS growth of 14.8% assumed in the base case.
