Overview

Detailed Summary

Tiger Logistics (India) Limited is an asset-light, end-to-end international freight forwarder and multimodal logistics provider offering sea and air freight, customs clearance, transportation and value-added supply chain services across India and select international corridors via a partner network and its digital platform FreightJar.
Recent operational momentum shows pronounced volume-led growth: Q3 FY26 TEU volumes rose 52% year-on-year to 25,433 TEUs and 9M FY26 TEUs reached 67,023, signalling successful penetration into new verticals, notably renewables, despite a softer revenue line driven by depressed freight rates in the quarter.
Financially the company remains profitable but margin pressured: Q3 FY26 revenue was ₹13,902.5 lakhs with EBITDA of ₹757.3 lakhs (5.4% margin) while 9M FY26 revenue at ₹41,027.4 lakhs yielded EBITDA margin of 6.0% and PAT of ₹1,926.4 lakhs, reflecting cost discipline but higher finance costs tied to incremental working capital.
Strategic differentiation centers on digitalisation and verticalisation: FreightJar 2.0 promises automated RFQs, real-time tracking and price discovery while TiGreen (solar logistics) now contributes meaningfully—management states TiGreen is contributing over 40% of revenue—illustrating a deliberate pivot to higher-growth, specialized industry verticals.

Sector: Transport Services
Industry: Logistics Solution Provider
Market Cap: 299 Cr
Volatility: High Risk
P/E Ratio: -9.1
Industry P/E: 28.5
PEG Ratio: —
P/B Ratio: 2.0
52W High: 64.51
52W Low: 22.87

Sales CAGR

1Y: -8.74%
3Y: -4.47%
5Y: 12.21%
10Y: 8.69%

Profit CAGR

1Y: -295.89%
3Y: -7.05%
5Y: —
10Y: 15.65%

ROE

TTM: 18.54%
3Y: 18.22%
5Y: 18.22%
10Y: 14.84%

ROCE

TTM: 20.55%
3Y: 24.81%
5Y: 24.26%
10Y: 22.20%

Technicals

‌

Forecasts

Peers

Services Services Transport Services Logistics Solution Provider

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
LANCER		8.26	354 Cr	-7.52	0.51	0.00	-5.36	-4.24	-6.53
TIGERLOGS		25.74	299 Cr	-9.13	1.97	0.00	18.54	20.55	10.57
DJML		83.35	284 Cr	31.33	3.24	0.11	11.34	13.12	7.16
OMFREIGHT		71.08	268 Cr	10.30	1.43	0.00	8.90	11.58	5.85
PPARIVAH		143.85	236 Cr	6.80	1.86	0.00	24.73	24.93	15.19
AVG		146.05	235 Cr	10.48	0.91	0.77	8.10	10.29	3.60
GLOBALLOG		106.70	165 Cr	15.29	3.44	0.00	0.00	0.00	9.76
Median: 7 Co.	—	83.35	268 Cr	10.30	1.86	0.00	8.90	11.58	7.16

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020
Sales	73	78	97	70	79	84	68	24	33	48
Expenses	69	77	93	69	77	81	83	31	40	45
Operating Profit	3.78	1.15	4.29	1.47	2.13	2.79	-15	-6.84	-7.51	2.34
OPM %	5.17	1.47	4.41	2.10	2.69	3.31	-22.58	-28.68	-23.07	4.92
Other Income	0.43	0.24	0.11	0.32	0.03	0.02	1.45	0.10	0.10	0.05
Interest	0.62	0.68	0.77	1.02	0.84	1.15	0.94	0.32	0.56	0.40
Depreciation	0.32	0.28	0.26	0.25	0.25	0.24	0.24	0.23	0.22	0.22
Profit Before Tax	3.27	0.43	3.37	0.53	1.07	1.42	-15	-7.29	-8.19	1.77
Tax %	30.29	25.58	53.71	-11.32	53.27	43.66	-1.13	0.96	-0.12	28.25
Net Profit	2.28	0.32	1.56	0.59	0.50	0.79	-15	-7.21	-8.19	1.27
EPS in Rs	0.21	0.04	0.16	0.05	0.05	0.09	-1.47	-0.70	-0.77	0.12

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
Sales	253	298	324	330	301	172
Expenses	241	281	305	316	310	199
Operating Profit	13	17	19	14	-8.93	-27
OPM %	4.98	5.65	5.84	4.21	-2.96	-15.91
Other Income	0.66	0.21	0.61	0.36	1.70	1.70
Interest	0.32	0.54	1.56	2.66	3.95	2.22
Depreciation	0.74	0.54	0.58	1.14	0.98	0.91
Profit Before Tax	12	16	17	10	-12	-29
Tax %	40.23	35.29	34.82	39.65	-1.83	-2.05
Net Profit	7.30	10	11	6.32	-12	-29
EPS in Rs	—	0.98	—	—	-1.28	-2.82
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Equity Capital	11	11	11	11	11
Reserves	26	37	48	55	42
Borrowings	6.14	6.57	25	35	37
Other Liabilities	36	40	31	24	16
Total Liabilities	79	94	114	125	105
Fixed Assets	2.83	2.96	3.16	11	9.64
CWIP	0.35	1.82	7.62	0.00	0.00
Investments	0.05	0.05	0.13	0.13	0.09
Other Assets	76	89	103	114	95
Total Assets	79	94	114	125	105

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity	6.02	1.60	-12	-4.11	2.11
Cash from Investing Activity	-0.73	-1.98	-6.45	-0.73	-0.24
Cash from Financing Activity	-3.17	-0.53	-1.56	-2.83	-4.00
Net Cash Flow	2.12	-0.91	-20	-7.67	-2.13

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	64.65%	64.65%	61.81%	57.10%	57.10%	57.10%	57.10%	57.10%	57.10%	57.10%	57.10%	57.10%
FIIs	0.22%	0.22%	1.07%	7.36%	8.19%	8.70%	8.07%	9.41%	9.76%	11.61%	11.80%	11.32%
DIIs	0.00%	0.00%	0.00%	-0.00%	-0.00%	0.00%	0.00%	0.00%	-0.00%	0.19%	0.19%	0.00%
Public	35.13%	35.13%	37.12%	35.54%	34.71%	34.21%	34.83%	33.49%	33.14%	31.10%	30.91%	31.58%
Total Shareholders	6,680	6,356	6,422	6,654	13,737	15,386	19,005	23,077	23,690	22,580	24,198	25,779

Market Transactions

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Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Available on Pro Plan