Defence Logistics Stock Under Rs 75 Secures Key Contracts with PSUs Including BEML and BHEL
The company’s shares have delivered an impressive return of over 340 per cent in the past 3 years.
Tiger Logistics, a BSE-listed leader in global logistics services, has announced the renewal and empanelment of its agreements with three major Public Sector Undertakings (PSUs): Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and Bank Note Paper Mill India Limited (BNPLIPL). These renewed partnerships highlight the PSUs' continued trust in Tiger Logistics for efficient freight forwarding and logistics solutions for both sea and air cargo, covering exports and imports.
Earlier this year, the company achieved a significant milestone by securing a warehousing services contract with BHEL and completing vital logistics projects for the Airports Authority of India (AAI) and Hindustan Aeronautics Limited (HAL). These achievements underscore Tiger Logistics' growing influence in the government sector, reflecting its expertise in managing complex logistics requirements.
Key Highlights of the Announcement
- Renewed Partnerships Reflecting Trust: BHEL, BEML, and BNPLIPL have reaffirmed their confidence in Tiger Logistics by extending contracts for customs clearance and forwarding services for ocean freight and air cargo.
- Strategic Focus on Government Projects: Recognizing the potential of government and PSU sectors, the company is focusing on delivering tailored logistics solutions for critical and sensitive operations.
- Expanding Government Portfolio: Recent successes include a warehousing contract from BHEL and significant logistics assignments for AAI and HAL, strengthening the company’s foothold in the government sector.
- Vision for Long-Term Growth: Tiger Logistics is strategically targeting high-growth sectors such as defence, aerospace, and renewable energy to drive future expansion and diversify its market presence.
Tiger Logistics views its collaborations with public entities as a cornerstone of its long-term strategy, leveraging its global logistics expertise to meet critical operational needs. By prioritizing high-growth sectors and maintaining strong relationships with PSUs, the company is well-positioned to enhance its role as a trusted partner in the government sector.
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Share Performance
Today, the shares of Tiger Logistics closed the day at around Rs 70.94 per share on the BSE. The current market capitalization stands at Rs 750.01 crore. The company’s shares have delivered an impressive return of around 340 per cent in the past 3 years.
Financial Performance
As per the Quarterly Results, in Q2 FY25 Tiger Logistics reported a revenue of Rs 160.17 crore compared to Rs 53.58 crore representing a gain of around 200 per cent YoY. The company posted an operating profit of Rs 8.79 crore with a margin of around 5.49 per cent compared to Rs 4.03 crore with a margin of around 7.52 per cent. The company reported a net profit stood at Rs 7.54 crore for the period compared to a profit of Rs 3.22 crore.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.