2,150 per cent multibagger returns and FIIs increase stake: This micro-cap logistics company bags new order from Bharat Heavy Electricals Limited (BHEL)!

The company's shares have an ROE of 27.1 per cent and an ROCE of 37.7 per cent.

Expanding on their initial airfreight contract from August 2023, Tiger Logistics Ltd has secured a major new government order from Bharat Heavy Electricals Limited (BHEL) for comprehensive sea logistics, encompassing imports, exports, customs clearance, forwarding, handling, transportation, and warehousing, making them BHEL's one-stop shop for all their logistics needs within the tender scope.

This latest BHEL project adds to a robust portfolio of successful government partnerships for Tiger Logistics, including Hindustan Petroleum Corporation Limited (HPCL), Bank Note Paper Mill India Private Limited, Hindustan Insecticides Limited (HIL), Airports Authority of India (AAI), Hindustan Aeronautics Limited (HAL), Bharat Earth Movers Limited (BEML), National Automotive Testing and R&D Infrastructure Project (NATRiP), Indian Oil Corporation Limited (IOCL), Chittaranjan Locomotive Works (CLW), IRCON International Limited, and National Institute of Solar Energy (NISE). This diverse track record of expertise and dedication in fulfilling government needs positions Tiger Logistics as a leader in the field, and the company anticipates continued success in this vital sector.

Today, shares of Tiger Logistics (India) Ltd plunged 1.80 per cent to Rs 830,65 per share from its previous closing of Rs 845.90 with an intraday high of Rs 860 and an intraday low of Rs 825.10. The company's shares have an ROE of 27.1 per cent and an ROCE of 37.7 per cent.

Earlier, The Board of Directors of the company approved the proposal of sub-division/ 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, subject to the approval of shareholders and such other approvals as may be required. The expected completion is tentatively within 2 months from the date of the Board's approval.

Tiger Logistics India Ltd. is a third-party logistics services provider. Its business covers international freight forwarding, supply chain management, project logistics, defence logistics, and cold chain logistics. As of September 2023, FIIs have increased their stake to 1.07 per cent from 0.22 per cent in June 30.

The company have a market cap of Rs 878 crore. The stock gave multibagger returns of 115 per cent in just 6 months and a whopping 2,150 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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