New Risk • May 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₹4.99b market cap, or US$52.8m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹41.44, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 21x in the Logistics industry in India. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹30.00, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 18x in the Logistics industry in India. Total loss to shareholders of 19% over the past three years. New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹2.62b market cap, or US$27.7m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.58 (vs ₹0.81 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.58 (down from ₹0.81 in 3Q 2025). Revenue: ₹1.41b (down 12% from 3Q 2025). Net income: ₹59.4m (down 30% from 3Q 2025). Profit margin: 4.2% (down from 5.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Tiger Logistics (India) Limited to Report Q3, 2026 Results on Feb 12, 2026 Tiger Logistics (India) Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹0.83 (vs ₹0.72 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.83 (up from ₹0.72 in 2Q 2025). Revenue: ₹1.69b (up 5.3% from 2Q 2025). Net income: ₹86.2m (up 14% from 2Q 2025). Profit margin: 5.1% (up from 4.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 04
Tiger Logistics (India) Limited to Report Q2, 2026 Results on Nov 11, 2025 Tiger Logistics (India) Limited announced that they will report Q2, 2026 results on Nov 11, 2025 New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (3.9% average weekly change). Market cap is less than US$100m (₹4.25b market cap, or US$48.4m). Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹48.21, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 23x in the Logistics industry in India. Total returns to shareholders of 105% over the past three years. Announcement • Aug 07
Tiger Logistics (India) Limited, Annual General Meeting, Sep 25, 2025 Tiger Logistics (India) Limited, Annual General Meeting, Sep 25, 2025, at 13:00 Indian Standard Time. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹0.47 (vs ₹0.46 in 1Q 2025) First quarter 2026 results: EPS: ₹0.47 (up from ₹0.46 in 1Q 2025). Revenue: ₹1.04b (up 2.8% from 1Q 2025). Net income: ₹47.1m (up 1.8% from 1Q 2025). Profit margin: 4.5% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Jul 29
Tiger Logistics (India) Limited to Report Q1, 2026 Results on Aug 06, 2025 Tiger Logistics (India) Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹2.56 (vs ₹1.23 in FY 2024) Full year 2025 results: EPS: ₹2.56 (up from ₹1.23 in FY 2024). Revenue: ₹5.45b (up 127% from FY 2024). Net income: ₹270.1m (up 108% from FY 2024). Profit margin: 5.0% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹55.04, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 24x in the Logistics industry in India. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹42.74, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹44.84, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹53.15, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 134% over the past three years. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₹0.81 (vs ₹0.35 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.81 (up from ₹0.35 in 3Q 2024). Revenue: ₹1.63b (up 214% from 3Q 2024). Net income: ₹84.2m (up 129% from 3Q 2024). Profit margin: 5.2% (down from 7.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • Jan 28
Tiger Logistics (India) Limited to Report Q3, 2025 Results on Feb 03, 2025 Tiger Logistics (India) Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 03, 2025 Announcement • Jan 01
Tiger Logistics (India) Limited Empaneled by Hpcl for Strategic Logistics Services Tiger Logistics (India) Limited announced its empanelment by Hindustan Petroleum Corporation Limited (HPCL). This milestone reinforces Tiger Logistics' reputation as a trusted provider of comprehensive and innovative logistics solutions. The empanelment highlights the company's commitment to quality, reliability, and client satisfaction, as it will support HPCL's critical freight and customs handling operations, ensuring smooth processes for imports and exports. Earlier this year, Tiger Logistics renewed collaborations with BHEL, BEML, and BNPLIPL, further strengthening its expertise in air and sea cargo operations. Notable accomplishments include a warehousing contract with BHEL and significant logistics projects for AAI and HAL. Tiger Logistics views partnerships with public entities and PSUs as central to its strategy, leveraging its ability to manage complex global shipments for critical needs. Scope of Services: Comprehensive Air & Sea Freight solutions, including end-to-end Clearing and Forwarding services tailored to meet HPCL's operational demands. Financial Limit: 54.6 million, demonstrating confidence in Tiger Logistics' ability to manage large-scale assignments. Duration: Three-year validity, with provisions for renewal based on performance and service excellence. New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (65% accrual ratio). Minor Risk Market cap is less than US$100m (₹7.49b market cap, or US$88.7m). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹71.65, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 318% over the past three years. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: ₹7.23 (vs ₹0.32 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.23 (up from ₹0.32 in 2Q 2024). Revenue: ₹1.62b (up 203% from 2Q 2024). Net income: ₹75.4m (up 134% from 2Q 2024). Profit margin: 4.6% (down from 6.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹66.42, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 28x in the Logistics industry in India. Total returns to shareholders of 364% over the past three years. Announcement • Sep 27
Tiger Logistics (India) Limited Announces Cessation of Mr. Praneet Kohli as Independent Director Tiger Logistics (India) Limited announced that the term of appointment of Mr. Praneet Kohli as Independent Director of the Company has ended on 27 September 2024. Consequently, Mr. Praneet Kohli has ceased to be Independent Director of the Company with effect from closing hours of 27 September, 2024. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹69.64, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 30x in the Logistics industry in India. Total returns to shareholders of 461% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹50.86, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 28x in the Logistics industry in India. Total returns to shareholders of 472% over the past three years. Announcement • Aug 07
Tiger Logistics (India) Limited, Annual General Meeting, Sep 18, 2024 Tiger Logistics (India) Limited, Annual General Meeting, Sep 18, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: ₹4.61 (vs ₹0.21 in 1Q 2024) First quarter 2025 results: EPS: ₹4.61 (up from ₹0.21 in 1Q 2024). Revenue: ₹1.03b (up 145% from 1Q 2024). Net income: ₹46.3m (up 120% from 1Q 2024). Profit margin: 4.5% (down from 5.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 84% per year, which means it is well ahead of earnings. Announcement • Jul 30
Tiger Logistics (India) Limited to Report Q1, 2025 Results on Aug 06, 2024 Tiger Logistics (India) Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹12.27 (vs ₹2.20 in FY 2023) Full year 2024 results: EPS: ₹12.27. Revenue: ₹2.44b (down 44% from FY 2023). Net income: ₹129.6m (down 44% from FY 2023). Profit margin: 5.3% (down from 5.4% in FY 2023). The decrease in margin was driven by lower revenue. Announcement • May 23
Tiger Logistics (India) Limited to Report Q4, 2024 Results on May 28, 2024 Tiger Logistics (India) Limited announced that they will report Q4, 2024 results on May 28, 2024 Buy Or Sell Opportunity • May 15
Now 21% overvalued Over the last 90 days, the stock has fallen 43% to ₹45.15. The fair value is estimated to be ₹37.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹38.76, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 27x in the Logistics industry in India. Total returns to shareholders of 897% over the past three years. Announcement • Apr 26
Tiger Logistics (India) Limited Announces CFO Changes Tiger Logistics (India) Limited announced the resignation of Mrs. Benu Malhotra from the position of Chief Financial Officer with effect from 24 April, 2024. The board appointed Mr. Madhusudan Jhunjhunwala as the Chief Financial Officer, effective 24 April, 2024. Mr. Jhunjhunwala is a highly experienced finance professional, holding a B.Com (Hons) degree from Calcutta University and degree of Chartered Accountant. He has been associated with the company for the last 7 years as AGM-Accounts & Finance. With overall 25 years of extensive experience in the field of finance and accounts, he specializes in Direct and Indirect taxation and financial planning. His strategic expertise ensures effective resource allocation and risk management, driving sustainable growth. Throughout his career, he's been known for his integrity, analytical skills, and dedication to excellence. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹53.24, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 28x in the Logistics industry in India. Total returns to shareholders of 1,153% over the past three years. Buy Or Sell Opportunity • Mar 28
Now 22% overvalued Over the last 90 days, the stock has fallen 35% to ₹46.00. The fair value is estimated to be ₹37.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹690, the stock trades at a trailing P/E ratio of 63.5x. Average trailing P/E is 30x in the Logistics industry in India. Total returns to shareholders of 1,468% over the past three years. New Risk • Feb 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.09b (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹3.54 (vs ₹7.90 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.54 (down from ₹7.90 in 3Q 2023). Revenue: ₹530.4m (down 36% from 3Q 2023). Net income: ₹36.8m (down 56% from 3Q 2023). Profit margin: 6.9% (down from 10.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 181% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Tiger Logistics (India) Limited to Report Q3, 2024 Results on Feb 08, 2024 Tiger Logistics (India) Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹829, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 28x in the Logistics industry in India. Total returns to shareholders of 2,069% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹735, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 27x in the Logistics industry in India. Total returns to shareholders of 1,805% over the past three years. New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹5.92b market cap, or US$71.0m). Reported Earnings • Oct 21
Second quarter 2024 earnings released: EPS: ₹3.15 (vs ₹7.14 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.15 (down from ₹7.14 in 2Q 2023). Revenue: ₹535.8m (down 71% from 2Q 2023). Net income: ₹32.2m (down 59% from 2Q 2023). Profit margin: 6.0% (up from 4.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 140% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
Tiger Logistics (India) Limited to Report Q2, 2024 Results on Oct 17, 2023 Tiger Logistics (India) Limited announced that they will report Q2, 2024 results on Oct 17, 2023 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹442, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 22x in the Logistics industry in India. Total returns to shareholders of 875% over the past three years. Announcement • Aug 04
Tiger Logistics (India) Limited, Annual General Meeting, Sep 28, 2023 Tiger Logistics (India) Limited, Annual General Meeting, Sep 28, 2023, at 13:00 Indian Standard Time. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: ₹2.09 (vs ₹4.00 in 1Q 2023) First quarter 2024 results: EPS: ₹2.09 (down from ₹4.00 in 1Q 2023). Revenue: ₹424.3m (down 61% from 1Q 2023). Net income: ₹21.0m (down 54% from 1Q 2023). Profit margin: 5.0% (up from 4.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 13
Full year 2023 earnings released: EPS: ₹21.94 (vs ₹31.81 in FY 2022) Full year 2023 results: EPS: ₹21.94 (down from ₹31.81 in FY 2022). Revenue: ₹4.40b (down 28% from FY 2022). Net income: ₹232.1m (down 31% from FY 2022). Profit margin: 5.3% (down from 5.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
Tiger Logistics (India) Limited to Report Q4, 2023 Results on May 11, 2023 Tiger Logistics (India) Limited announced that they will report Q4, 2023 results on May 11, 2023 Buying Opportunity • Feb 05
Now 21% undervalued Over the last 90 days, the stock is up 78%. The fair value is estimated to be ₹511, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 95%. Buying Opportunity • Jan 18
Now 25% undervalued Over the last 90 days, the stock is up 85%. The fair value is estimated to be ₹576, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 95%. Reported Earnings • Jan 18
Third quarter 2023 earnings released: EPS: ₹7.90 (vs ₹9.35 in 3Q 2022) Third quarter 2023 results: EPS: ₹7.90 (down from ₹9.35 in 3Q 2022). Revenue: ₹852.2m (down 56% from 3Q 2022). Net income: ₹82.7m (down 16% from 3Q 2022). Profit margin: 9.7% (up from 5.1% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 06
Tiger Logistics (India) Limited to Report Q3, 2023 Results on Jan 17, 2023 Tiger Logistics (India) Limited announced that they will report Q3, 2023 results on Jan 17, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 26% share price gain to ₹467, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 812% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₹432, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 21x in the Logistics industry in India. Total returns to shareholders of 944% over the past three years. Announcement • Dec 06
Tiger Logistics (India) Limited Announces Board Changes The board of directors of Tiger Logistics (India) Limited meeting held on December 5, 2022, approved appointment of Mr. Rajesh Kumar Gupta as an Additional Director (Category - Independent Director) of the Company with immediate effect, for a term of five years from 5 December, 2022 upto 4 December, 2027, subject to the approval of the members of the Company. Approved resignation of Mr. Ayush Periwal as Independent Director with effect from the close of business hours of 5 December, 2022. Mr. Rajesh Kumar Gupta, aged 58 years, holds two bachelor degree i.e. B.Com and LL.B. from University of Delhi, and LL.M. from Kurukshetra University. He is a practicing advocate specialized in the field of Insurance, Banking, Civil and Corporate Laws and handling of various Legal matters before Hon'ble Supreme Court, Hon'ble Delhi High Court, Hon'ble District Courts as well as Quasi-Judicial Forums such as Debt Recovery Tribunals, Arbitration, VAT Appellate Tribunals, CESTAT, NCLT, NCLAT etc. in the territory of Delhi & NCR. He has rich experience in the legal field of more than Twenty years. He is also a certified Insolvency Professional. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Sanjay Chopra was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to ₹264, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 19x in the Logistics industry in India. Total returns to shareholders of 470% over the past three years. Reported Earnings • Oct 21
Second quarter 2023 earnings released: EPS: ₹7.14 (vs ₹8.09 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.14 (down from ₹8.09 in 2Q 2022). Revenue: ₹1.82b (up 5.2% from 2Q 2022). Net income: ₹79.2m (down 7.1% from 2Q 2022). Profit margin: 4.3% (down from 4.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
Tiger Logistics (India) Limited to Report Q2, 2023 Results on Oct 19, 2022 Tiger Logistics (India) Limited announced that they will report Q2, 2023 results on Oct 19, 2022 Announcement • Aug 11
Tiger Logistics (India) Limited, Annual General Meeting, Sep 21, 2022 Tiger Logistics (India) Limited, Annual General Meeting, Sep 21, 2022, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 18% share price gain to ₹242, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 20x in the Logistics industry in India. Total returns to shareholders of 232% over the past three years. Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: ₹4.00 (vs ₹4.02 in 1Q 2022) First quarter 2023 results: EPS: ₹4.00. Revenue: ₹1.08b (up 32% from 1Q 2022). Net income: ₹45.4m (up 7.0% from 1Q 2022). Profit margin: 4.2% (down from 5.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 08
Tiger Logistics (India) Limited to Report Q1, 2023 Results on Jul 14, 2022 Tiger Logistics (India) Limited announced that they will report Q1, 2023 results on Jul 14, 2022 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 33% share price gain to ₹238, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 19x in the Logistics industry in India. Total returns to shareholders of 177% over the past three years. Reported Earnings • May 13
Full year 2022 earnings released: EPS: ₹31.72 (vs ₹11.75 loss in FY 2021) Full year 2022 results: EPS: ₹31.72 (up from ₹11.75 loss in FY 2021). Revenue: ₹6.17b (up 265% from FY 2021). Net income: ₹336.3m (up ₹460.6m from FY 2021). Profit margin: 5.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Tiger Logistics (India) Limited to Report Q1, 2022 Results on May 11, 2022 Tiger Logistics (India) Limited announced that they will report Q1, 2022 results on May 11, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Sanjay Chopra was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹244, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 25x in the Logistics industry in India. Total returns to shareholders of 119% over the past three years. Announcement • Apr 05
Tiger Logistics (India) Limited Appoints Sanjay Chopra as Additional Director, Effective April 01, 2022 Tiger Logistics (India) Limited appointed Mr. Sanjay Chopra as an additional director of the company for a term of five years from April 01, 2022 to March 31, 2027. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₹277, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 28x in the Logistics industry in India. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₹171, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 24x in the Logistics industry in India. Total returns to shareholders of 19% over the past three years. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Naman Nanda was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS ₹4.02 (vs ₹7.02 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹816.1m (up 242% from 1Q 2021). Net income: ₹42.5m (up ₹114.6m from 1Q 2021). Profit margin: 5.2% (up from net loss in 1Q 2021). Reported Earnings • Jul 03
Full year 2021 earnings released: ₹10.15 loss per share (vs ₹11.71 loss in FY 2020) The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2021 results: Revenue: ₹1.48b (down 51% from FY 2020). Net loss: ₹124.2m (flat on FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 05
New 90-day high: ₹44.30 The company is up 16% from its price of ₹38.35 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 12% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹1.22 (vs ₹0.86 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹476.1m (down 44% from 3Q 2020). Net income: ₹12.7m (up 60% from 3Q 2020). Profit margin: 2.7% (up from 0.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Nov 02
New 90-day low: ₹33.30 The company is down 27% from its price of ₹45.35 on 04 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 38% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: ₹34.50 The company is down 4.0% from its price of ₹35.80 on 17 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 27% over the same period. Announcement • Jul 18
Tiger Logistics (India) Limited to Report Q4, 2020 Results on Jul 22, 2020 Tiger Logistics (India) Limited announced that they will report Q4, 2020 results on Jul 22, 2020 
