10:1 stock split & FIIs increase stake: This multibagger logistics company announces strategic plan to solidify position in sustainable energy space; details inside!

The stock gave multibagger returns of 925 per cent in 3 years and a whopping 1,840 per cent in a decade.

Tiger Logistics Ltd, a BSE-listed international logistics company, has announced its strategic plan towards setting up a dedicated vertical - ‘TiGreen’ which will be focusing on strengthening its presence in the global trade of sustainable & renewable energy, by providing tailor-made international logistics solutions, primarily for solar power and electric mobility segment.

The scope of this dedicated vertical is in alignment with the Indian government's initiatives towards promoting sustainable and renewable energy such as the PM Surya Ghar scheme, which is expected to increase imports of solar cells, modules, or associated components. In 2023, Tiger Logistics strengthened its networking in Cambodia, Malaysia, Vietnam, Thailand and Hong Kong which are emerging alternate destinations for the import of Solar Module Panels in India.

According to a report by the Institute of Energy Economics and Financial Analysis, exports of Solar modules from India to the US witnessed 16X growth from FY 23, accounting for 97% of India’s exports at around $1 billion and is projected to grow henceforth. Parallelly, several global automakers are ready to hit global markets in 2024-2025, and many are looking at India as a manufacturing hub for EVs with the government’s plan to welcome global players and promote ‘Make in India EVs’.

The specialised vertical, TiGreen will leverage Tiger Logistics' extensive expertise to streamline the transportation and distribution processes for solar components, and Electric Vehicles across the country and worldwide. To lead this vertical, Tiger Logistics will be hiring across multiple positions, including ‘Global Head, TiGreen’ who will spearhead the vertical, and further add strategic direction to Tiger Logistics in ‘Green Logistics’.

Tiger Logistics is already working with major global organizations & SMEs to handle exports and imports of Solar Modules & Electric Vehicles. With the commencement of TiGreen, the company will be looking at fostering partnerships with businesses, government & PSU organizations, and stakeholders committed to sustainability, thus driving collective progress towards a more sustainable and resilient future.

Tiger Logistics Ltd, a publicly traded leader in international logistics, offers freight forwarding, transportation, and customs clearance services. Founded in 2000, they have over 23 years of experience serving diverse industries like automotive, pharmaceuticals, and textiles. Through a network of partners and an asset-light model, Tiger Logistics provides cost-effective and customized solutions to manage clients' entire international logistics needs.

Today, shares of Tiger Logistics (India) Ltd were locked in a 5 per cent lower circuit to Rs 52.65 per share from its previous closing of Rs 55.40. The stock’s 52-week high is Rs 87 and its 52-week low is Rs 33.50 with an ROE of 27.1 per cent and an ROCE of 37.7 per cent.

Additionally, the company ex-traded stock split of the company’s 1 (one) equity share having a face value of Rs 10 each into 10 (ten) equity shares of the company having a face value of Rs 1 each as of the record date. The ex-record date was Monday, March 04, 2024.  

The company have a market cap of Rs 557 crore and reported positive numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY24). The stock gave multibagger returns of 925 per cent in 3 years and a whopping 1,840 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.