Tiger Logistics (India) Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2023 • Logistics: 98.5% • Others: 1.5%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company has a healthy return on capital (ROCE) of 27.0%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.4%
- Working capital cycle has improved - days down from 139 to 82
- Company comfortably covers its interest (11.8x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 21.9% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.30x)
- Total debt has risen sharply - up 190.6% year on year
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CONCOR | 505.80 | 31.02 | 38522.64 | 1.70 | 268.90 | 0.61 | 2159.76 | 0.28 | 13.63 | 20.41 |
| DELHIVERY | 451.00 | 361.29 | 33793.18 | 0.00 | 31.91 | -64.96 | 2930.73 | 27.76 | 2.97 | 4.75 |
| SHADOWFAX | 255.05 | 133.96 | 14964.56 | 0.00 | 654.00 | 6732.86 | 13581.20 | 1806.32 | 11.58 | 6.76 |
| BLACKBUCK | 585.40 | 63.17 | 10664.07 | 0.00 | 42.17 | 25.14 | 204.17 | 42.17 | 12.75 | 24.35 |
| TCI | 856.45 | 14.41 | 6580.20 | 1.17 | 106.60 | -0.56 | 1248.50 | 9.58 | 20.52 | 12.30 |
| TVSSCS | 128.95 | 87.86 | 5689.58 | 0.00 | 22.48 | -96.84 | 3335.22 | 28.66 | 11.51 | 6.75 |
| VRLLOG | 231.45 | 18.87 | 4048.92 | 0.00 | 805.30 | 1509.31 | 8788.40 | 1080.70 | 26.47 | 21.23 |
| MAHLOG | 399.70 | 103.12 | 3968.12 | 0.63 | 27.83 | 394.81 | 2002.88 | 23.29 | 10.40 | 5.76 |
| SINDHUTRAD | 23.81 | 47.44 | 3671.33 | 0.00 | 38.74 | -79.39 | 129.21 | -21.85 | 12.80 | 45.34 |
| GATEWAY | 53.58 | 10.96 | 2677.09 | 6.07 | 512.68 | 724.44 | 5492.97 | 897.94 | 17.99 | 21.31 |
| TCIEXP | 535.25 | 24.95 | 2057.72 | 1.31 | 20.49 | 5.24 | 313.40 | 9.29 | 13.92 | 10.03 |
| TIGERLOGS | 28.16 | 15.71 | 297.72 | 0.00 | 12.66 | — | 475.62 | — | 26.73 | 4.92 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 42 | 54 | 52 | 93 | 101 | 160 | 160 | 115 | 103 | 169 | 139 | 163 | 153 | |
| 39 | 50 | 48 | 88 | 96 | 151 | 151 | 107 | 97 | 158 | 131 | 161 | 151 | |
| Operating Profit | 3 | 4 | 4 | 5 | 5 | 9 | 10 | 7 | 6 | 11 | 8 | 2 | 1 |
| OPM % | 6.09% | 7.52% | 7.66% | 5.04% | 5.11% | 5.49% | 6.10% | 6.29% | 5.75% | 6.60% | 5.45% | 1.03% | 0.85% |
| 0 | 0 | 1 | 2 | 2 | 2 | 3 | 2 | 1 | 2 | 2 | 3 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 3 | 4 | 5 | 6 | 6 | 10 | 11 | 8 | 6 | 12 | 8 | 3 | 3 |
| Tax % | 24.19% | 23.88% | 24.28% | 30.87% | 25.24% | 25.79% | 25.35% | 23.97% | 25.24% | 28.05% | 24.07% | 26.00% | 25.17% |
| Net Profit | 2 | 3 | 4 | 4 | 5 | 8 | 8 | 6 | 5 | 9 | 6 | 2 | 2 |
| 2.09 | 3.15 | 0.35 | 0.36 | 0.46 | 0.73 | 0.81 | 0.55 | 0.47 | 0.83 | 0.58 | 0.22 | 0.23 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 253 | 298 | 324 | 330 | 301 | 168 | 615 | 433 | 240 | 536 | 623 | |
| 241 | 281 | 305 | 316 | 310 | 178 | 578 | 407 | 225 | 505 | 601 | |
| Operating Profit | 13 | 17 | 20 | 14 | -8 | -10 | 38 | 26 | 15 | 31 | 22 |
| OPM % | 5.03% | 5.75% | 6.03% | 4.35% | -2.79% | -5.75% | 6.11% | 6.08% | 6.39% | 5.86% | 3.48% |
| 1 | 0 | 1 | 0 | 2 | 0 | 2 | 7 | 4 | 9 | 8 | |
| Interest | 0 | 1 | 2 | 3 | 4 | 2 | 2 | 1 | 1 | 3 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 12 | 16 | 17 | 10 | -12 | -12 | 37 | 31 | 18 | 36 | 26 |
| Tax % | 40.23% | 35.35% | 34.79% | 39.54% | -1.84% | -2.51% | 10.03% | 25.94% | 26.74% | 25.17% | 26.27% |
| Net Profit | 7 | 10 | 11 | 6 | -12 | -12 | 34 | 23 | 13 | 27 | 19 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -11.81 | -10.15 | 31.72 | 21.94 | 1.23 | 2.55 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.14% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 12%
- 3 Years:
- -4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 17%
- 5 Years:
- —
- 3 Years:
- -7%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 19%
- 3 Years:
- 20%
- Last Year:
- 22%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| 26 | 37 | 48 | 55 | 42 | 31 | 64 | 87 | 100 | 128 | |
| 6 | 14 | 28 | 42 | 39 | 18 | 1 | 1 | 13 | 35 | |
| Trade Payables | 29 | 20 | 18 | 13 | 9 | 12 | 19 | 10 | 12 | 13 |
| 6 | 12 | 9 | 3 | 4 | 11 | 26 | 11 | 7 | 8 | |
| Total Liabilities | 79 | 93 | 114 | 124 | 104 | 83 | 121 | 119 | 143 | 195 |
| 3 | 3 | 3 | 11 | 10 | 9 | 8 | 8 | 9 | 9 | |
| Capital Work in Progress | 0 | 2 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 11 | 12 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 103 | |
| Cash & Bank | 7 | 4 | 2 | 5 | 6 | 7 | 32 | 52 | 42 | 51 |
| 68 | 84 | 100 | 108 | 88 | 67 | 76 | 54 | 11 | 20 | |
| Total Assets | 79 | 93 | 114 | 124 | 104 | 83 | 121 | 119 | 143 | 195 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 7 | -6 | 3 | 2 | 26 | 48 | 25 | -17 | -19 | |
| Cash from Investing | -1 | -2 | -6 | -1 | -0 | 0 | -5 | 0 | -5 | 2 |
| Cash from Financing | -3 | -1 | -2 | -3 | -4 | -2 | -2 | -1 | 11 | 20 |
| 2 | -1 | -20 | -8 | -2 | 25 | 37 | 17 | -11 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Tiger Logistics (India) Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - Tiger Logistics (India) Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - Tiger Logistics (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026
2026-08-17 - Tiger Logistics (India) Limited has informed the Exchange about Action(s) initiated or orders passed
2026-08-14 - Tiger Logistics (India) Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - Tiger Logistics (India) Limited has informed the Exchange about Awarding of order(s)/contract(s)
2026-08-13 - Tiger Logistics (India) Limited has informed the Exchange regarding a press release dated August 13, 2026, titled "Press Release".
2026-08-13 - Tiger Logistics (India) Limited has informed the Exchange about Investor Presentation
2026-08-12 - Tiger Logistics (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
News
Recent coverage and analyst commentary for TIGERLOGS
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