Multibagger Penny Stock Under Rs 60 In Green As Company’s Renewable Energy Vertical ‘TiGreen’ Powers Ahead in Solar Logistics
The stock is up 60 per cent from its 52-week low of Rs 31.99 per share and gave multibagger of over 1,000 per cent in 5 years.
Tiger Logistics' renewable energy division, TiGreen, has rapidly expanded its presence in the solar logistics sector, demonstrating significant growth within a year of its launch in March 2024. The division's monthly volume has surged from 300 TEUs in November 2024 to 1,500 TEUs currently, reflecting the robust growth of India's solar energy market and its increasing role as a global manufacturing and export hub. This expansion is further fueled by a substantial increase in import business, driven by the high demand for solar modules from China.
The company anticipates this growth will translate into an estimated additional ₹100-₹150 crores in annual revenue from its renewable energy logistics. To capitalize on this momentum, Tiger Logistics has brought on board Aditya Shankar, a seasoned logistics professional with over 20 years of experience, to lead TiGreen. Furthermore, the company plans to aggressively expand its export operations, particularly targeting the U.S. market, which accounts for a significant portion of India's solar exports. This strategic focus aims to solidify TiGreen's position as a crucial player in the global solar module supply chain.
India's solar photovoltaic (PV) exports have witnessed an extraordinary 23-fold increase between FY22 and FY24, reaching $2 billion. This surge, combined with India's ambitious renewable energy targets and its growing appeal as a "China Plus One" alternative, positions the country for substantial growth in global solar panel trade. TiGreen, as a specialized logistics provider catering to the renewable energy sector, is poised to benefit significantly from this anticipated expansion, offering 3PL logistics solutions for solar, electric vehicles, wind, and hydropower industries.
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About the Company
Tiger Logistics (India) Limited, a leading international logistics company listed on the Bombay Stock Exchange (BSE), has also launched FreightJar 2.0. This significant upgrade to its proprietary freight booking and management platform is designed to empower businesses of all sizes to handle their import shipments with greater ease and efficiency. FreightJar 2.0 offers a comprehensive suite of features that streamline the entire import process, from initial booking to final delivery. Businesses can now seamlessly manage Full Container Load (FCL), Less than Container Load (LCL) and Air Freight shipments, leveraging the platform's intuitive interface and advanced functionalities.
According to Quarterly Results, the net sales increased by 209 per cent to Rs 160.47 crore and net profit increased by 129 per cent to Rs 8.42 crore in Q3FY25 compared to Q3FY24. In its annual results, the company reported net sales of Rs 240 crore and net profit of Rs 13 crore in FY24. Looking at the nine-month results, the net sales increased by 186 per cent to Rs 421.8 crore and net profit increased by 129 per cent to Rs 20.59 crore in 9MFY25 compared to 9MFY24.
On Thursday, shares of Tiger Logistics (India) Ltd surged 2.84 per cent to Rs 51 per share from their previous closing of Rs 49.59 per share. The stock’s 52-week high is Rs 80.44 per share and its 52-week low is Rs 31.99 per share. The company have a market cap of over Rs 500 crore. The stock is up 60 per cent from its 52-week low of Rs 31.99 per share and gave multibagger of over 1,000 per cent in 5 years. Investors should keep an eye on this micro-cap logistics stock.
Disclaimer: The article is for informational purposes only and not investment advice.