Tiger Logistics Valuation Shifts to Attractive Amid Market Volatility

Valuation Metrics: A Closer Look

As of 13 Feb 2026, Tiger Logistics trades at ₹37.07, up 11.83% from the previous close of ₹33.15. The stock’s 52-week range spans from ₹28.52 to ₹64.51, indicating significant volatility over the past year. The company’s P/E ratio currently stands at 14.21, a figure that has improved its valuation grade from very attractive to attractive. This P/E is notably lower than Western Carriers’ 25.5 and Prime Fresh’s 42.04, but higher than Ganesh Benzoplast’s 6.93 and Glottis’s 8.79, positioning Tiger Logistics in a moderate valuation band within its peer group.

The price-to-book value ratio of 2.64 further supports this moderate valuation stance. While not as low as some very attractive peers like Ganesh Benzoplast, which trades at a P/BV below 1, Tiger Logistics’ P/BV remains reasonable given its return on equity (ROE) of 18.54%. This ROE figure underscores the company’s ability to generate profits relative to shareholder equity, a positive sign for investors evaluating price against underlying asset value.

Enterprise value (EV) multiples also provide insight into the company’s valuation. Tiger Logistics’ EV to EBIT ratio is 13.33, and EV to EBITDA is 12.99, both indicating a fair valuation relative to earnings before interest and taxes and earnings before interest, taxes, depreciation, and amortisation respectively. These multiples are comparable to sector peers such as Western Carriers (EV/EBITDA 13.9) but higher than Ganesh Benzoplast (EV/EBITDA 4.9), reflecting differences in operational scale and profitability.

Performance Context: Returns Versus Sensex

Examining Tiger Logistics’ stock returns relative to the Sensex reveals a mixed picture. Over the past week and month, the stock has outperformed the benchmark index significantly, delivering returns of 12.3% compared to the Sensex’s 0.43% and -0.24% respectively. Year-to-date, Tiger Logistics has gained 4.13%, while the Sensex has declined by 1.81%, signalling recent positive momentum.

However, longer-term returns paint a more cautious picture. Over the past year, Tiger Logistics has declined by 36.9%, contrasting sharply with the Sensex’s 9.85% gain. Similarly, over three years, the stock has fallen 7.6% while the Sensex surged 37.89%. Despite this, the company’s five-year return of 929.72% dramatically outpaces the Sensex’s 62.34%, highlighting a period of exceptional growth that may have set a high valuation base previously.

Comparative Valuation: Peer Analysis

Within the transport services sector, Tiger Logistics’ valuation is positioned as attractive but not the most compelling. Peers such as Ritco Logistics and Allcargo Terminals boast very attractive valuations with P/E ratios of 16.39 and 17.82 respectively, but with lower EV/EBITDA multiples (10.18 and 8.15). Ganesh Benzoplast stands out with a very attractive valuation, trading at a P/E of 6.93 and EV/EBITDA of 4.9, suggesting a cheaper entry point albeit with potentially different operational risk profiles.

Conversely, companies like Western Carriers and Prime Fresh are classified as very expensive, with P/E ratios of 25.5 and 42.04 respectively, indicating that Tiger Logistics offers a more reasonable valuation alternative within the sector. The PEG ratio of 0.34 for Tiger Logistics further supports this view, suggesting undervaluation relative to earnings growth potential, especially when compared to Snowman Logistics’ PEG of 13.24, which signals overvaluation despite attractive EV/EBITDA multiples.

Financial Health and Profitability Metrics

Tiger Logistics’ return on capital employed (ROCE) of 17.17% and ROE of 18.54% reflect efficient capital utilisation and strong profitability. These metrics are critical for investors assessing the quality of earnings and the company’s ability to sustain growth. The absence of dividend yield data indicates that the company may be reinvesting earnings to fuel expansion rather than returning cash to shareholders, a factor to consider for income-focused investors.

The company’s EV to capital employed ratio of 2.29 and EV to sales of 0.81 suggest that Tiger Logistics is valued reasonably relative to its asset base and revenue generation. These figures align with the company’s attractive valuation grade and support the thesis that the stock is fairly priced given its fundamentals.

Market Sentiment and Rating Changes

MarketsMOJO has downgraded Tiger Logistics from a Hold to a Sell rating as of 12 Feb 2026, reflecting caution amid recent price volatility and mixed financial signals. The Mojo Score of 41.0 corroborates this cautious stance, indicating below-average market sentiment. The market capitalisation grade of 4 further suggests that the company is mid-sized with moderate liquidity and investor interest.

Investment Implications

For investors evaluating Tiger Logistics, the shift in valuation from very attractive to attractive signals a moderate improvement in price appeal, though tempered by recent underperformance relative to the broader market. The company’s solid profitability metrics and reasonable EV multiples provide a foundation for potential recovery, but the downgrade to a Sell rating and modest Mojo Score suggest caution.

Comparative analysis with peers reveals that while Tiger Logistics is not the cheapest option, it offers a balanced risk-reward profile within the transport services sector. Investors should weigh the company’s historical volatility and recent price momentum against its fundamental strengths and sector outlook before committing capital.

Given the mixed signals, Tiger Logistics may be more suitable for investors with a higher risk tolerance who are seeking exposure to mid-cap transport services stocks with growth potential but who are prepared for near-term price fluctuations.

Conclusion

Tiger Logistics (India) Ltd’s valuation parameters have evolved to reflect a more attractive price point, supported by solid profitability and reasonable multiples relative to peers. However, the company’s recent market performance and rating downgrade highlight ongoing risks. Investors should carefully consider these factors alongside sector dynamics and alternative investment opportunities to make informed decisions.

Unlock special upgrade rates for a limited period. Start Saving Now →