Shares of a leading global provider of logistics solutions are in focus during Thursday’s trading session, after the company announced that its renewable energy vertical is on track to generate an estimated additional Rs. 100-Rs. 150 crores annually from its renewable energy logistics.
Price Movement
With a market cap of Rs. 532.8 crores, the shares of Tiger Logistics (India) Limited moved up by nearly 3 percent to hit an intraday high at Rs. 51, as against its previous closing price of Rs. 49.59. The stock has delivered negative returns of nearly 29 percent over a one-year period, as well as around 22 percent returns in the last one month.
What’s the news
According to the latest regulatory filings with the BSE, Tiger Logistics (India) Limited has announced that TiGreen, its renewable energy vertical, has gained significant momentum in the solar industry within just one year of its announcement in March 2024.
The renewable energy vertical has seen remarkable growth, with monthly volumes reaching 1,500 TEUs on an ongoing basis, up from 300 TEUs in November 2024 from the solar industry, marking a significant uptick in Tiger Logistics’ renewable energy portfolio. This rapid acceleration is closely tied to India’s growing solar energy market and its rise as a global manufacturing and export hub.
Tiger Logistics has also experienced a substantial increase in its import business, driven by the growing demand for solar modules from China, with supplies increasing since FY22 to around 97 percent of polysilicon and 80 percent of solar modules globally in FY24.
With this growth trajectory, TiGreen is expected to generate an additional Rs. 100 to Rs. 150 crores annually from its renewable energy logistics. The company is projecting a multi-fold increase in volume, with plans to reach up to 3,500 TEUs per month over the next 3-6 months.
Additionally, Tiger Logistics intends to expand its export operations to the U.S. market, which contributes to 97 percent of India’s solar exports, further reinforcing its position as a key player in the global solar module supply chain.
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About the Subsidiary
TiGreen is a strategic vertical of Tiger Logistics specialising in providing international logistics solutions for the global trade of the renewable energy sector. With a keen focus on sustainability, TiGreen offers 3PLlogistics solutions tailored to the unique requirements of solar energy, electric vehicles (EVs), wind energy, hydropower and other emerging renewable technologies.
Financials
Tiger Logistics reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 208.7 percent, rising from Rs. 52 crores in Q3 FY24 to Rs. 160.5 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 3.68 crores to Rs. 8.42 crores, representing an impressive growth of around 128.8 percent YoY.
About the company
Founded in 2000, Tiger Logistics (India) Limited is a Bombay Stock Exchange-listed leading international logistics company and solutions provider, offering comprehensive solutions in freight forwarding (air & ocean), defence & project logistics, transportation, and customs clearance.
The company also launched its proprietary freight booking and management platform, “FreightJar” in 2023 to bring accessibility to competitive freight rates for SMEs/MSMEs and seamlessness to the freight booking and management journey.
Written by Shivani Singh
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