Multibagger Logistics Stock at Rs 43.5: Company Launches FreightJar 2.0: Revolutionizing Imports, Air Cargo and LCL Market for Global Forwarding Companies

The stock gave multibagger returns of 870 per cent in 3 years and a whopping 1,300 per cent in a decade.

Tiger Logistics (India) Limited, a BSE-listed international logistics company with over 24+ years of experience, announced the launch of FreightJar 2.0. This major upgrade to its proprietary freight booking and management platform will enable businesses of all sizes to handle their import shipments, including FCL (Full Container Load), LCL (Less than Container Load), and Air Freight, with enhanced ease and efficiency. This is in addition to its existing capabilities for FCL exports.

Launched in April last year, FreightJar has successfully onboarded over 500 exporters across various industries, including automotive, textiles, PTAs, consumer durables, and food and food produce. The latest version, FreightJar 2.0, is now fully integrated with core technology and ready for immediate use by exporters and importers in India. It is also accessible to over 5,000 forwarders and agents globally, primarily in the US, Asia-Pacific, Europe, Latin America, and Middle East markets.

FreightJar 2.0 levels the playing field for small and medium businesses (SMEs) in international shipping by providing access to competitive rates typically reserved for larger corporations. This user-friendly platform with a modern interface streamlines the logistics process for SMEs, allowing them to request and compare quotes, book shipments, track cargo in real time, automate documentation, and utilize multilingual options – all within a single platform. Furthermore, FreightJar leverages the industry expertise and global network of Tiger Logistics to ensure smooth cargo movement and minimize on-ground challenges for businesses of all sizes.

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Tiger Logistics, a publicly traded leader in international logistics since 2000, offers customized freight forwarding, transportation, and customs clearance solutions across diverse industries. They leverage a network of partners and an asset-light model to provide cost-effective management of clients' entire international logistics needs.

According to Quarterly Results, the net sales increased by 52 per cent to Rs 92.71 crore and net profit increased by 83 per cent to Rs 4.03 crore in Q4FY24 compared to Q4FY23. In its annual results, the company reported net sales of Rs 240 crore and net profit of Rs 13 crore in FY24.

Today, shares of Tiger Logistics (India) Ltd gained 3.72 per cent to Rs 43.50 per share from its previous closing of Rs 41.94. The stock’s 52-week high is Rs 87 and its 52-week low is Rs 34.40 with an ROE of 27 per cent and an ROCE of 38 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.  Furthermore, FIIs have increased their stake to 8.19 per cent in March 2024 compared to 0.22 per cent in March 2023.

The company have a market cap of Rs 440 crore. The stock gave multibagger returns of 870 per cent in 3 years and a whopping 1,300 per cent in a decade. Investors should keep an eye on this micro-cap logistics stock.

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