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Tci Express Limited (tciexp) Q4 FY26: Revenue Impacted by Lockdown, Stable Ebitda and PAT Margins

TCI Express Limited (TCIEXP) reports stable EBITDA and PAT margins despite revenue impact from lockdown restrictions for Q4 FY26.

Pranab Tyagi at TradeAlone

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Tci Express Limited Tciexp Q4 FY26 Results

TCI Express Limited (TCIEXP) has reported its audited financial results for the quarter and year ended March 31, 2026, revealing a revenue impact due to lockdown restrictions, yet maintaining stable EBITDA and PAT margins. Despite the challenging operating environment, the company showcased resilience and financial strength through strong execution, network optimization, and prudent cost management.

Revenue and Margins

The company’s revenue from operations for Q4 FY26 was ₹3.27 billion, up from ₹3.08 billion in the same quarter of the previous year. The EBITDA stood at ₹0.37 billion, with an EBITDA margin of 11.3%, compared to ₹0.34 billion and an 11.2% margin in Q4 FY25. For the full fiscal year, revenue increased to ₹12.36 billion from ₹12.08 billion, while the EBITDA margin remained at 11.7%. The PAT for Q4 FY26 was ₹0.21 billion with a margin of 6.3%, and for FY26, it was ₹0.90 billion with a 7.2% margin.

Operational Highlights

TCI Express Limited continued to expand its multimodal logistics network across Surface, Rail, Domestic Air, International Air, C2C, and E-Commerce segments. The company handled more than one million tonnes of cargo and maintained a debt-free balance sheet. Notably, Rail Express recorded a 35% growth in Q4 FY26 driven by corridor expansion and growing adoption of rail-based cargo movement. Domestic Air Express delivered an 18% year-on-year growth in Q4 FY26 supported by expanded airport connectivity and increasing movement of pharmaceutical and temperature-sensitive cargo.

The company also introduced Money Back Guarantee (MBG) services across Surface, Rail, and Air shipments, reinforcing its commitment to time-definite deliveries. Looking ahead, TCI Express Limited remains focused on strengthening its multimodal logistics capabilities, expanding technology-enabled operations, and enhancing customer engagement across service verticals.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of TCI Express Limited

TCI Express Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

TCIEXP
Industrials › Integrated Freight & Logistics
CONSOLIDATING DOWN
46
Fundamental
56
Technical
51
Overall

1W -5.88%
1M -9.61%
3M -16.14%
P/E: 21.3 Cap: Small
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TCI trades in the lower quarter of its 52-week range. Thin margins at 7.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 3.8% CAGR. That signals structural headwinds, not a short-term blip. The stock sits at 16% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 3.8% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of TCI Express Limited.

Industrials

Skipper Limited (skipper) Appoints Mr. R. N. Nayak as Non-executive Independent Director

Skipper Limited (NSE: SKIPPER) appoints Mr. R. N. Nayak, former CMD of Power Grid Corporation, as Non-Executive Independent Director.

Shruti singh - TradeAlone

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Skipper Limited NSE Skipper October Appointment

Skipper Limited (NSE: SKIPPER) announced the appointment of Mr. R. N. Nayak as a Non-Executive Independent Director, effective October 12, 2026. Mr. Nayak, former Chairman and Managing Director of Power Grid Corporation of India Limited (PGCIL), brings over four decades of leadership in the power sector. His extensive experience in senior roles at premier Central Public Sector Undertakings, including doubling PGCIL’s assets, revenue, and profit, will significantly bolster Skipper’s board as it scales its transmission and distribution business.

Extensive Power Sector Experience

Mr. Nayak’s career spans more than 40 years, during which he has shaped national transmission build-out. His expertise in technology adoption, large-scale execution, and grid operations will provide invaluable insights as Skipper pursues growth in India and abroad. Currently, he serves on the boards of several companies and consults for the World Bank Group.

Board Strengthening

Mr. Sharan Bansal, Director of Skipper Limited, expressed enthusiasm for the appointment, stating that Mr. Nayak’s perspective will be invaluable to Skipper and its board. Bansal highlighted Nayak’s experience across every facet of the sector, emphasizing his role in creating long-term, sustainable value for shareholders and stakeholders.

Skipper Limited, established in 1981, is a leading company in Power Transmission & Distribution and Polymer segments. With a global footprint spanning 65+ countries, Skipper’s high-quality, cost-effective solutions cater to infrastructure providers and telecom operators. The company’s polymer pipes and fittings under the ‘Skipper’ brand serve the agricultural and plumbing sectors.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Skipper Limited

Skipper Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

SKIPPER
Industrials › Engineering & Construction
CONSOLIDATING DOWN
80
Fundamental
70
Technical
76
Overall

1W -1.21%
1M -3.47%
3M -3.59%
P/E: 26.8 Cap: Mid
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Skipper holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.33 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock trades at 71% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 39.9%, profits at 81.6%, and the PEG sits at 0.33 — below its growth rate. That combination is rare. Check Fundamentals of Skipper Limited.

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AEQUS

Aequs Limited (aequs) Announces Long-term Supply Agreements with Safran for Aerospace Applications

Aequs Limited (AEQUS) announces long-term supply agreements with Safran for aerospace applications, marking a significant expansion in its aerospace manufact.

kuldeep yadav tradealone

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Aequs Limited AEQUS Q4 FY26 Supply Agreements

Aequs Limited (AEQUS), a leading India-based precision manufacturing company, today announced the signing of long-term supply agreements with Safran, a global leader in the aerospace industry for critical components. These agreements reflect the commitment of both companies to strengthen their collaboration and highlight Safran’s dedication to working with trusted, high-quality industrial partners.

Strengthening Aerospace Collaboration

The contracts will support Safran’s supply chain and ongoing production programs, while also contributing to the growth and development of Aequs within the aerospace sector. This milestone represents a significant opportunity for Aequs to further expand its activities alongside one of the world’s leading aerospace companies.

Expanding Manufacturing Capabilities

The agreements build on Aequs’ longstanding engagement with Safran Landing Systems and extend the relationship to Safran Aerosystems, broadening the scope of collaboration. The awards cover the machining of superalloys parts, along with the supply of complex machining coating, and assembly of landing gear components for the Airbus A320, A330, A350, and Boeing 787 programs. Aequs will leverage its integrated aerospace manufacturing ecosystem and end-to-end capabilities across forging, precision machining, special processes, surface treatment, and assembly to manufacture these products.

As a result, the role of Aequs’ Belagavi Aerospace Cluster as an integrated manufacturing base serving global aerospace supply chains will be further strengthened. This capability base will be expanded with the upcoming Aequs Engine Components Ecosystem (AECE) in Hosur, Tamil Nadu, where the manufacture of all medium and large parts will be taken up.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Aequs Limited

Aequs Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

AEQUS
Industrials › Aerospace & Defense
BREAKOUT
44
Fundamental
94
Technical
69
Overall

1W -6.54%
1M +17.67%
3M +9.61%
Cap: Mid
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Aequs rises 9.9% over three months, with buying pressure holding steady. Margins at 12.4% are middling — adequate but leaving the business with little buffer against cost shocks. 4 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock trades at 88% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Price climbs recently despite 14.8% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of Aequs Limited.

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Industrials

Raymond Limited Accelerates Andhra Pradesh Expansion to Support Growth Momentum

Raymond Limited accelerates expansion in Andhra Pradesh with new brownfield facility, aiming to meet growing customer demand and support growth momentum.

abhinav tiwari

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Raymond Limited Raymond Andhra Pradesh Expansion October 2026

Raymond Limited is accelerating its expansion in Andhra Pradesh to support its strong business momentum and growing customer requirements. Through its subsidiary companies, the company is setting up an additional brownfield facility near its existing Mega manufacturing facility in Andhra Pradesh. This interim capacity augmentation initiative is expected to support incremental customer requirements and volumes during the current financial year.

Strategic Capacity Expansion

The decision to accelerate brownfield capacity addition reflects the company’s focus on responding swiftly to customer demand while maintaining capital and execution discipline. In parallel, Raymond’s planned greenfield project in Andhra Pradesh is progressing as scheduled. The greenfield facility is envisaged as a larger, long-term manufacturing platform that will significantly enhance the company’s infrastructure and capacity to support its medium- to long-term growth plans.

Dual Capacity Expansion Strategy

Sanjeev Sharma, Joint Managing Director & CEO, JKMPTL-Raymond Group, said, “The accelerated expansion in Andhra Pradesh reflects the strong momentum we are seeing in the business. While our greenfield project remains the foundation for our longer-term growth, the additional brownfield capacity will allow us to respond faster to current customer requirements. This approach enables us to capture near-term opportunities while continuing to build a scalable platform for sustained growth.”

The combination of near-term brownfield expansion and the planned greenfield facility provides Raymond Limited with a two-stage capacity expansion strategy: a. Near-term capacity augmentation to address current customer requirements and incremental volumes; and b. Long-term scalable infrastructure to support future growth and expanding customer opportunities.

This expansion reinforces Raymond Limited’s strategy of building a scalable, capital-efficient manufacturing platform, while progressively strengthening its capabilities to address opportunities across domestic and global markets.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Raymond Limited

Raymond Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

RAYMOND
Industrials › Specialty Industrial Machinery
CONSOLIDATING UP
62
Fundamental
80
Technical
71
Overall

1W -10.98%
1M +15.47%
3M +87.03%
P/E: 164 Cap: Mid
AI-Powered Analysis • TradeAlone
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Raymond gains 87.8% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The PEG of 1.45 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock trades at 85% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 87.8% in three months on -36.0% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Raymond Limited.

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