TSC India share price & results
- Mar 2026
- Mar 2026
B2B travel management company that acts as an air-ticket consolidator, giving small and mid-sized travel agents across India access to airline inventory, credit and booking technology.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 12.8 | −7.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 10.4 | −15.4 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.96 | −54.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −25.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -30.90 | +15.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −22.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −35.5% 1Y
1Y: ₹60.1 on 24 Oct 2025 → ₹38.75. High ₹63.45 (12 Nov 2025), low ₹25.3 (15 Jun 2026).
- Previous close
- ₹38.75
- Market cap
- ₹73 Cr
- 52-week range
- ₹25.3 – ₹63.45
- One year
- −35.42%
- Price to earnings (FY ending Mar 2026)
- 19.78×
- Return on equity (FY ending Mar 2026)
- 12.15%
Overview
- Symbol
- NSE:TSC
- Sector
- Consumer Services
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What TSC India Ltd does
Based on the company's own presentations, annual report and earnings calls.
TSC India Limited is an integrated B2B ticketing platform specializing in air ticketing services. It operates as a consolidator that bridges airlines and smaller travel agents lacking direct airline systems, accreditations or relationships, aggregating agent demand to access GDS and low-cost-carrier flight inventory and negotiate better commercial terms with airlines. Agents transact through a technology-enabled portal offering booking, account/credit management, and reporting, with TSC extending credit facilities to agents while reducing airlines' counterparty risk. The company earns a commission-based take rate on the gross transaction value of tickets booked through its platform.
Segments
- Domestic air ticketing (B2B consolidation)
- International air ticketing (B2B consolidation)
- Agent-facing travel services
- Cities of presence
- 8 key cities (Jalandhar, New Delhi, Chandigarh, Jaipur, Lucknow, Ahmedabad & Vadodara, Pune, Thiruvananthapuram)
- Registered travel agents
- 3,578+ (FY26)
- Customers
- 3,500+
- Total tickets/bookings (FY26)
- 2,20,450+
- Average booking volume
- 600+ bookings/day
- Team size
- 82
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −54% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 12 | 14 | 16 | 13 |
| Expenses | 8 | 10 | 10 | 11 |
| Operating profit | 4 | 4 | 5 | 1 |
| Operating margin | 34.7% | 25.8% | 34.1% | 10.4% |
| Other income | 0 | 1 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 3 | 5 | 1 |
| Tax rate | 25.2% | 29.1% | 25.6% | 16.5% |
| Net profit | 3 | 2 | 3 | 1 |
| EPS (₹ per share) | 6.04 | 2 | 2.24 | 0.37 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 10 | 14 | 15 |
| Reserves | 2 | 3 | 7 | 5 | 28 | 30 |
| Borrowings | 5 | 13 | 18 | 26 | 26 | 19 |
| Other liabilities | 6 | 9 | 27 | 20 | 21 | 34 |
| Total liabilities | 15 | 26 | 53 | 61 | 90 | 98 |
| Fixed assets | 1 | 3 | 3 | 2 | 2 | 9 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 14 | 23 | 51 | 59 | 88 | 88 |
| Total assets | 15 | 26 | 53 | 61 | 90 | 98 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | 4 | -6 | -0 | -12 | -7 |
| Cash from investing | -5 | -2 | 2 | -0 | -9 |
| Cash from financing | -3 | 8 | 4 | 10 | 14 |
| Net cash flow | -4 | -0 | 5 | -2 | -1 |
| Free cash flow | 3 | -8 | -1 | -12 | -9 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor days | 415 | 331 | 563 | 428 | 419 |
| Cash conversion cycle | 415 | 331 | 563 | 428 | 419 |
| Working capital days | 103 | -90 | -8 | 131 | 288 |
| Return on capital employed | — | 15.6% | 30.9% | 21.0% | 12.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- -7.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 64.68% as of Mar 2026; institutions cut 3.27 pts since Sept 2025.
- Promoters 64.68%
- Foreign institutions 0.00%
- Domestic institutions 2.42%
- Public 32.89%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 2.84% held
- +0.47 pp 1.96% held
The same filing shows 4 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of TSC India Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 31.63% | −1.07 pp | |
| 19.22% | −0.65 pp | |
| 11.19% | −0.38 pp | |
| 2.84% | newly disclosed | |
| AIF | 2.08% | unchanged |
| 1.96% | +0.47 pp | |
| 1.72% | −0.06 pp | |
| 1.43% | unchanged | |
| 1.12% | unchanged | |
| 1.03% | unchanged | |
| 1.03% | unchanged | |
| 1.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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