Tejas Cargo India: share price, financial results, shareholding and management

Each point is read from the company's documents or worked out from its reported figures, with the source under it.

The share price has risen over the past year and now sits near the top of its range for the year. The shares trade thinly, so a few trades can move the price. Most of the shares traded are taken into demat accounts rather than sold the same day.

Prices run 30 days behind the market. Check the exchange for today's price.

Tejas Cargo India runs long-haul trucking under the full truckload model: one customer's goods fill one truck or trailer from pickup to delivery. Customers are in logistics and express cargo, steel and cement, e-commerce, industrial goods and chemicals, FMCG and white goods, and the company gets more than 98% of its revenue from this trucking. It works from 27 branches with an owned fleet of 1,338 trucks and trailers at March 2026, and hires trucks from the open market when its own are not free.

The business began in 2009 as Trans Cargo India, a sole proprietorship of promoter Manish Bindal, and moved into this company after it was formed in March 2021; the shares listed on NSE Emerge in February 2025. Trucks are serviced at a yard in Sidhrawali, Haryana, and a licensed captive diesel pump at Rewari, Haryana supplies part of the fuel. On the May 2026 call the CFO said the pump's price advantage over retail diesel fell to 3% to 4% in the second half of FY26, from 10% to 14% earlier.

In FY26 the company moved into coal, fly ash, mining, car carrier and freight forwarding work, which together made 5.5% of revenue. It won a five year bauxite mining contract from CMDC, runs two electric trucks for Amazon and, on the May 2026 call, reported an order from Dalmia Cements for ten electric trucks on an eight year contract. Revenue from operations was ₹628.7 cr in FY26 against ₹501.3 cr in FY25, and profit after tax was ₹20.9 cr against ₹19.1 cr.

From the offer document, the FY26 annual report, the May 2026 investor presentation and earnings call, and the July 2026 ICRA rating note.

On the May 2026 call the CFO said the company expects FY27 growth in line with FY26, and more than 20% if fly ash, mining and long-term electric truck contracts with steel and cement customers come through. The CFO said coal, fly ash and mining together should make about 10% to 12% of FY27 revenue, and that FY27 spending on trucks would be similar to FY26, paid for from internal cash and bank loans. The May 2026 presentation says the company aims for about 40% of revenue from hired trucks by FY27, is exploring rail and cross-border freight, and is in talks with Hyundai, Kia and Mahindra on carrying cars.

The company's own statements, attributed; not newboard's estimates.

Worked out from the reported figures by fixed rules, the same for every company. Facts, not a view on the shares.

Other SME companies in the same industry are listed on NSE Emerge and BSE SME. By sales, Tejas Cargo India is the third biggest of the 48 listed SMEs in its industry; the ones closest to it in size are below.

Each company's latest full year and its price 30 days back; a list of companies in the same line of business, not a comparison of their shares.

SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.

Sales have grown steadily. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.

₹ crore, consolidated where the company reports it. Growth is compounded a year (our arithmetic).

The company's own money, its net worth, has grown. Its loans are now larger than its own money.

Last year the business brought in more cash than it showed as profit. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares.

Customers take about as long to pay as they did in FY24.

The promoters own more than half the company, a little more than in the first filing shown. Foreign and Indian funds own a noticeable share. The number of shareholders has come down.

Everyone holding one per cent or more at 31 March 2026, and how that changed since 30 Sept 2025:

From the shareholding pattern the company files with the exchange.

The company's filings with the exchange, latest first.

• 1 Oct 2026Shareholders meetingDisclouser under Reg44 Voting Results & Scrutinizer's Report for the 5th Annual General Meeting of the Tejas Cargo India Limited
• 30 Sept 2026General UpdatesDisclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proceedings o
• 30 Sept 2026Shareholders meetingDisclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proceedings o
• 26 Sept 2026Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
• 9 Sept 2026Analysts/Institutional Investor Meet/Con. Call UpdatesOutcome of Analyst Meet
• 8 Sept 2026Copy of Newspaper PublicationCopy of Newspaper Publication
• 7 Sept 2026General UpdatesGeneral Updates
• 7 Sept 2026Shareholders meetingNotice of Annual General Meeting of the Company
• 6 Sept 2026Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of meet
• 6 Sept 2026Copy of Newspaper PublicationOf Notice of the 05th Annual General Meeting
• 5 Sept 2026Record Datebook closure from 24th September, 2026 to 30th September 2026 (both days inclusive) for the purpose of 05th Annual General Meeting of the Company to be held on
• 5 Sept 2026General UpdatesIntimation of Notice of the 05th Annual General Meeting

No share split, bonus issue or dividend is on record since listing.

From the corporate actions the company announces on the exchange.

Every document links to its source; “read” marks those this page is built from.

Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.

• ✓Balance sheet totals add up for FY25 and FY26.
• ✓Market cap uses the share count in the latest shareholding pattern (2,38,92,840 shares).
• !The FY26 results imply 99,988 shares at face value ₹2389.28, which disagrees with the shareholding pattern; the pattern is used.
• ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
• ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
• ✓The two half-years of FY26 add up to the full-year sales.
• !Earnings per share changes basis between FY23 (₹9,860.00) and FY24 (₹541.14) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
• ✓Revenue and profit are reported for every year shown, FY22 to FY26.
• iPrices run to 2 Sept 2026, 30 days behind the market, from the exchange's daily figures.

Read from 14 of the company's own documents

What does Tejas Cargo India do?

Tejas Cargo India carries goods in full truckloads over long distances by road across India, mostly for large companies in logistics, steel, cement and online retail. Its shares trade on NSE Emerge.

What is the share price of Tejas Cargo India?

₹405 at the close on 2 Sept 2026; prices on newboard run 30 days behind the market.

What is the market cap of Tejas Cargo India?

₹968 cr at the close on 2 Sept 2026, on 2,38,92,840 shares.

What is the P/E of Tejas Cargo India?

46.2 times FY26 profit at the close on 2 Sept 2026 (our arithmetic).

What are Tejas Cargo India's revenue and profit?

Revenue ₹629 cr and profit after tax ₹21 cr in FY26.

Who are the promoters of Tejas Cargo India?

Chander Bindal, Manish Bindal; promoters held 74.71% at 31 March 2026.

What was the IPO price of Tejas Cargo India?

₹168 a share; it listed on 24 Feb 2025.

What is Tejas Cargo India's website?

www.tcipl.in