TIGERLOGS

Tiger Logistics (India) financials

Market cap
₹292 Cr
Sector
Services
Calls analysed
1
Latest concall · Q3 FY26 · call held 20 Feb 2026

TIGERLOGS Q3 FY26

Overall Volume Growth YoY 52% +52%Overall Volume Growth QoQ 9%

What went well

  • Overall volume up 9% quarter-to-quarter and 52% year-on-year, indicating strong business growth.
  • TiGreen vertical is performing very well, contributing more than 40% to total revenue and showing continuous growth.
  • Successful penetration in the pharma sector, particularly from the new upper north region office.

What to watch

  • Overall top line (revenue) experienced a small dip due to historically lowest-ever freight rates in the quarter.
  • CUBOX (LCL model) is taking longer than expected to develop and scale, though it is breaking even.
Read the full call →

Guidance record · Q3 FY26

what the last two calls moved 3 tracked 0 delivered 0 missed 3 open
  • Market Position (Solar Logistics) open said Q3 FY26 Promised: Become a top 5-7 service provider in solar sector logistics Q3 FY26: Company aims to be a top 5-7 service provider in solar sector logistics, anticipating big CAPEX from solar companies.

All 3 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 42.0%, net profit down 65.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue101 160 160 115 103 +1%169 +5%139 −13%163 +42%
EBITDA5 9 10 7 6 +14%11 +27%8 −23%2 −77%
Net profit5 8 8 6 5 +2%9 +14%6 −29%2 −66%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −47.1% 1Y

₹30.0₹40.0₹50.0Sept 25Nov 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 20 Feb 2026

1Y: ₹51.37 on 18 Sept 2025 → ₹27.16. High ₹52.04 (23 Sept 2025), low ₹23.9 (30 Mar 2026).

How the price took the results

close before → close after

Q3 FY26
−0.4%
20 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 14.8% a year over 4 years, FY19 to FY26. Operating margin held at 4.6%.

Year endingFY19FY20FY24FY25FY26
Revenue₹330 Cr₹301 Cr₹240 Cr₹536 Cr₹573 Cr
Operating profit₹14 Cr₹-9 Cr₹15 Cr₹31 Cr₹26 Cr
Operating margin4.2%-3.0%6.3%5.8%4.6%
Interest₹3 Cr₹4 Cr₹0 Cr₹3 Cr₹5 Cr
Depreciation₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Net profit₹6 Cr₹-13 Cr₹13 Cr₹27 Cr₹21 Cr
Net margin1.9%-4.4%5.4%5.0%3.8%
Cash from operations₹-4 Cr₹2 Cr———
Free cash flow₹-5 Cr₹2 Cr———
ROCE15.0%-8.0%———
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY16FY17FY18FY19FY20
Equity capital₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹26 Cr₹37 Cr₹48 Cr₹55 Cr₹26 Cr
Borrowings₹6 Cr₹7 Cr₹25 Cr₹35 Cr₹14 Cr
Other liabilities₹36 Cr₹40 Cr₹31 Cr₹24 Cr₹17 Cr
Total liabilities₹79 Cr₹94 Cr₹114 Cr₹125 Cr₹68 Cr
Fixed assets₹3 Cr₹3 Cr₹3 Cr₹10 Cr₹9 Cr
Capital work in progress₹0 Cr₹2 Cr₹8 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹76 Cr₹89 Cr₹103 Cr₹114 Cr₹59 Cr
Total assets₹79 Cr₹94 Cr₹114 Cr₹125 Cr₹68 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.25 pp while FIIs added +1.06 pp. The shareholder count grew 7% to 24,117.

Promoters
57.5%
FIIs
12.7%
Public
29.9%

Since Jun 2025

  • Public −1.25 pp
  • FIIs +1.06 pp
  • Promoters +0.38 pp

How it drifted, 12 quarters

Over this window FIIs went from 1.1% to 12.7% — +11.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 61.8%, FIIs 1.1%, Public 37.1%.Dec '23: Promoters 57.1%, FIIs 7.4%, Public 35.5%.Mar '24: Promoters 57.1%, FIIs 8.2%, Public 34.7%.Jun '24: Promoters 57.1%, FIIs 8.7%, Public 34.2%.Sep '24: Promoters 57.1%, FIIs 8.1%, Public 34.8%.Dec '24: Promoters 57.1%, FIIs 9.4%, Public 33.5%.Mar '25: Promoters 57.1%, FIIs 9.8%, Public 33.1%.Jun '25: Promoters 57.1%, FIIs 11.6%, DIIs 0.2%, Public 31.1%.Sep '25: Promoters 57.1%, FIIs 11.8%, Public 31.1%.Dec '25: Promoters 57.1%, FIIs 11.3%, Public 31.6%.Mar '26: Promoters 57.3%, FIIs 11.5%, Public 31.2%.Jun '26: Promoters 57.5%, FIIs 12.7%, Public 29.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Tiger Logistics (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Brahma Suppliers Private Limited 33.25%+0.18 pp
Harpreet Singh Malhotra 19.50%unchanged
Multitude Growth Funds Limited FPI fund3.97%unchanged
Benu Malhotra 2.48%unchanged
Century India Opportunity Fund Pc FPI fund2.30%unchanged
Samarkand Estates Private Limited 2.26%unchanged
Simar Malhotra 2.07%unchanged
Unico Global Opportunities Fund Limited FPI fund1.91%+0.38 pp
Forbes EMF FPI fund1.79%+0.44 pp
Treasure Trove Pictures Private Limited 1.51%unchanged
Coeus Global Opportunities Fund FPI fund1.14%unchanged
Tiger Softech India Private Limited 0.18%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Tiger Logistics (India) Limited

Guides on how to read this kind of business and the numbers that matter.