Tiger Logistics (India) Shows Strong Financial Results, Stock Upgraded to 'Hold' by MarketsMOJO

Tiger Logistics (India) has recently caught the attention of investors as its stock call has been upgraded to 'Hold' by MarketsMOJO on October 7, 2024. This microcap company in the logistics industry has shown strong ability to service debt with a low Debt to EBITDA ratio of 0.74 times. Its latest financial results for the quarter ending June 2024 have been very positive, with the company reporting its highest PAT (profit after tax) at Rs 4.63 crore, highest net sales at Rs 101.16 crore, and highest PBDIT (profit before depreciation, interest, and taxes) at Rs 5.17 crore.
The technical trend for Tiger Logistics (India) is currently sideways, indicating no clear price momentum. However, it has improved from mildly bearish on October 3, 2024, and has generated a return of -5.19% since then. Institutional investors have also shown increasing interest in the company, with their stake increasing by 0.51% in the previous quarter. They hold a collective 8.7% of the company and are known for their ability to analyze company fundamentals.

While the stock has consistently outperformed the BSE 500 index in the last 3 annual periods, its long-term growth has been poor with a negative annual growth rate of -1.76% in net sales over the last 5 years. The stock is currently trading at a premium compared to its historical valuations, with a price to book value of 5.4. Its return on equity (ROE) is at 14, indicating a very expensive valuation.

Despite its recent stock call upgrade, Tiger Logistics (India) may not be a suitable investment for those looking for long-term growth. However, it has shown strong financial results and consistent returns in the last year, making it a potential hold for short-term gains. Investors should carefully consider their options and do their own research before making any investment decisions.