Addition of ships and traction in multi-modal logisticsto aid growth…

17 Jan 2024
5 Min read 
  • Transport Corporation of India (TRPC) is a logistics company with a strong position as a preferred 3PL partner.
  •  TRPC is expected to see steady revenue growth in the medium term due to factors like higher share of LTL in the freight division and steady automotive demand.
  •  The company has an extensive fleet of trucks, cargo ships, and warehouse space, and is adding two new ships to its fleet.
  •  TRPC's established infrastructure, customer relationships, and experienced management team will support its position in the industry.
  •  The company is expected to deliver a revenue/EBITDA/PAT CAGR of 14%/16%/17% over FY23-FY26.
  •  Despite the strong outlook, TRPC is trading at a relatively low valuation and is recommended as a buy with a target price of INR990.
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