Tiger Logistics (India) Ltd(TIGERLOGS)

NSE: TIGERLOGSBSE: 536264

₹ 20.31-4.15%refreshed 26 Oct, 11:49 am ISTMarket cap: ₹ 215 crWebsite: www.tigerlogistics.inUpdated: 24 Oct 2026

About

Tiger Logistics (India) Ltd is an international logistics company. It started in 2000 with a focus on automotive logistics and grew from a Customs House Agent into a multimodal freight forwarder serving more than 15 industries. Revenue was 572.82 Cr in FY26, and H1 FY27 revenue rose 39.2% YoY to ₹378 crore. It was listed on the NSE Main Board in September 2025.^[1][2][3]

Business segments

Multimodal logistics made up 94% of segment revenue in Q1 FY26, about the same as in Q1 FY25. CHA (customs house agent) services made up 3%.^[4]
TiGreen, the renewable energy logistics vertical, brought in more than 40% of total revenue as of Q3 FY26.^[5]
By customer sector in Q1 FY26, automobiles made up 69% of revenue and projects 15%, vs a 9% project share in Q1 FY25.^[4]
The FY25 annual report reports logistics as a single segment, covering freight, agency and other charges.^[1]

Services and verticals

TiGreen is a 3PL division for renewable energy logistics (solar, EV, wind, hydropower), with overseas agents in China, Vietnam, Indonesia, Malaysia and Cambodia (Q1 FY27).^[6]
TiGreen handles 1,500 TEUs on an ongoing basis, per the FY25 annual report.^[1]
Import logistics runs end to end: customs clearance, multimodal transport, warehousing and last-mile delivery. In FY25 the company expanded imports from China and Southeast Asia.^[1]
CUBOX is an LCL consolidation vertical for B2B customers such as smaller freight forwarders. As of Q3 FY26 it was breaking even, with revenue below management's expectations.^[5]
FreightJar 2.0 is a digital platform for automated RFQs, price discovery, shipment tracking and digital documentation. The company says it aims to cut customers' logistics cost by about 30%.^[7]

Key operating numbers

TEU volumes were 23,381 in Q2 FY27, up 0.2% YoY and slightly below 23,499 in Q1 FY27.^[3]
H1 FY27 TEU volumes were 46,880, up 12.7% YoY.^[3]
Air cargo volumes were 3,53,811 kg in Q2 FY27, 6.9x QoQ and 2.9x YoY; H1 FY27 air volumes were 4,04,876 kg, 2.1x YoY.^[3]
TEU volumes grew at a 22.9% CAGR over FY22-FY26.^[6]
Pricing is cost-plus, so revenue moves with freight rates. In Q3 FY26 freight rates were at their lowest ever and revenue fell 13.4% YoY despite higher TEU volumes.^[5]

Customers and reach

The top 5 customers made up 46% of revenue in Q1 FY27 vs 84% in FY22.^[6]
The company serves more than 15 industries; customers include global corporations, PSUs, large private companies and SMEs (FY25).^[1]
In Q2 FY27 management said it was expanding into automotive, renewable energy, electronics and PSU engineering goods customers.^[3]
In Q1 FY27 the company won a break-bulk logistics contract from BHEL and renewed its mandate with Bank Note Paper Mill India.^[6]
An office covering Punjab, Haryana and Himachal Pradesh was generating pharma and chemical export volumes as of Q3 FY26.^[5]

Expansion plans

The company plans dedicated sales offices in Bangladesh, South America and the US, targeted for FY27.^[5]
It plans an EV division for first-mile logistics aimed at large corporates cutting carbon emissions.^[5]
Consultants were hired to find medium-sized international freight forwarding acquisitions; none had been found as of Q3 FY26.^[5]
Management was going slow on a hydrogen logistics MOU with Russia (Q3 FY26), citing large capex needs and an immature market.^[5]

Recent developments

ICICI's sanctioned working capital limit rose to ₹20 cr from ₹10 cr in H1 FY27.^[3]
The sanctioned fund-based working capital limit was ₹37 Cr as of Q1 FY27.^[6]
After FY25, the credit rating was upgraded from IVR BBB+/Stable to IVR A-/Stable, with rated facilities of ₹45 crore.^[1]
The company listed on the NSE Main Board in September 2025, reaching ₹100 Cr net worth and crossing ₹600 Cr turnover for the first time.^[6]
The CUBOX LCL consolidation and B2B vertical launched in February 2026.^[6]
Headcount was 216 at 31 March 2025 vs 189 a year earlier.^[1]

Market Cap

₹215 Cr

High / Low

₹48 / 20

Book Value

₹15

EPS

₹2.0

No. of Shares

10.57 Cr

ROCE

17.6%

ROE

14.4%

OPM

5.8%

Debt / Equity

0.31

Sales

₹573 Cr

Net Profit

₹22 Cr

Promoter holding

57.7%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials