The shares of one of the leading international logistics providers, with clients such as HAL, BHEL, Hero Motocorp, and many more in the spotlight upon receiving a tender from BHEL for providing logistics.
At 1:50 p.m the shares of Tiger Logistics (India) Limited were trading at Rs. 828, down 2.12 percent from its previous day’s close price of Rs. 845.90, and its market capitalization is Rs. 875 Crores. It has delivered multibagger returns of 111 percent in the last six months.
Tiger Logistics (India) Limited has successfully secured another substantial government tender from Bharat Heavy Electricals Limited for handling import & export by sea and for providing services like customs clearance, forwarding, handling, transportation, and warehousing services to BHEL. In other words, it will provide complete logistics solutions to BHEL up to the scope of the tender.
Commenting on this achievement, Mr. Harpreet Singh Malhotra, the MD of Tiger Logistics, expressed his thoughts, saying, “In the present circumstances, our company is already engaged in overseeing a number of government projects.
Moving forward, we aim to further solidify our position in managing government logistics, to handle substantial business volume. Our company is strongly committed to pursuing additional Government Projects in this financial year. This approach not only ensures consistent growth but also enhances our brand visibility and secures a reliable payment cycle.”
Tiger Logistics (India) is one of the leading international logistics and solutions providers covering freight forwarding, transportation, and customs clearance, with a strong presence across the country by providing services to industries like automotive, engineering, yarns, textiles, pharmaceuticals, commodities, FMCG industries, and many more.
It has a strong customer base with well-known players and government entities like HAL. Praj Industries, BHEL, Inox Wind, Balkrishna Industries, KTM and many more.
Its revenue from operations declined by 29.55 percent from Rs. 615.11 Crores in FY22 to Rs. 433.35 Crores in FY23, accompanied by profits of Rs. 33.63 Crores to Rs. 23.21 Crores.
It has reported a return on equity (ROE) of 27.1 percent and a return on capital employed (ROCE) of 37.7 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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