Tiger Logistics Eyes Global Expansion With CUBOX, Its New LCL Brand

On Thursday, shares of Logistics company Tiger Logistics (India) Ltd surged around 17 per cent to an intraday high of Rs 49.40 per share from its previous closing of Rs 43.63 per share. The stock's 52-week high is Rs 80.44 and its 52-week low is Rs 31.99. The company has a market cap of over Rs 517.63 crore with multibagger returns of 1,641 percent 5 years.

CUBOX, the newly launched CUBOX, seeks to pioneer the disordered LCL sector of India. CUBOX will facilitate International ocean freight services by supplying a cost-efficient and dependable platform for forwarders and logistics companies. Tiger Logistics, the world's best logistics solutions provider has now introduced an altered consolidation service offering less than a container load (LCL).

CUBOX allows for a rise in the marketplace which provides more adaptable and effective cargo movement solutions and services. Tiger Logistics aims to obtain targets of more than Rs. 100 crore per annum by turning the focus on the B2B sector in the Northwestern and Western regions of India first then subsequently expanding to the Southern state borders.

Harpreet Singh Malhotra, the Managing Director of Tiger Finance mentions, "CUBOX will bolster stronger competitive positions in global logistics as well as create new avenues of revenue. We aim to capture the evolving LCL market in India while providing affordable and dependable ocean freight services to forwarders and shippers."

As India's trade volumes expand, LCL consolidation is acquiring steam. CUBOX is focused on solving the challenges between forwarders and shippers by providing competitive metropolitan areas with better-coordinated pricing and operational productivity. The company intends to make smart delivery of less than container load affordable and easy in a market that has been served by a handful of companies.

Tiger Logistics has once again proved its leadership position in the market with impressive financial results. For the third quarter of FY2025, the company claimed a PAT of 8.42 crores which expanded over two times compared to the previous year's PAT of 3.68 crores in the same quarter. Along with this, overall revenues grew more than three times from 51.95 crores to 160.46 crores during FY24's October - December quarter.

In its most recent quarterly report, Tiger Logistics delivered strong financial performance. The company's standalone net sales for the quarter ending June 2024 soared by 140.75%, reaching Rs 101.16 crore, compared to Rs 42.02 crore in June 2023. Net profit also saw substantial growth, rising by 119.85% to Rs 4.63 crore from Rs 2.10 crore in the same quarter of the previous year. The company's EBITDA grew by 127.95%, standing at Rs 6.77 crore in June 2024, up from Rs 2.97 crore in June 2023. Additionally, the company's Earnings Per Share (EPS) almost doubled, increasing to Rs 4.61 in June 2024 from Rs 2.09 in June 2023.

In July 2024, the company attracted significant attention from investors, particularly when North Star Opportunities Fund acquired a 1.86% stake through bulk deals. On July 24, North Star purchased 19,69,033 shares at Rs 32.90 each, while Radiant Global Fund exited its position by selling its entire 1.39% stake (14,69,033 shares) at the same price. This investor interest highlights confidence in the company's future prospects, particularly given its strong financial performance in recent quarters.

Earlier this year, in March 2024, Tiger Logistics underwent a stock split to increase liquidity and make shares more accessible to investors. The company announced a 10:1 stock split, where each equity share with a face value of Rs 10 was subdivided into 10 equity shares with a face value of Rs 1 each. The ex-split date was March 4, 2024, and this corporate action was aimed at improving the stock's liquidity by allowing more investors to participate. According to the exchange filing, March 4 was set as the record date for determining shareholder eligibility for the stock split. The company's board confirmed that this move was in line with their strategy to attract more retail investors and enhance trading volumes.

Tiger Logistics (India) Ltd is a global logistics player with a strong reputation for handling the import and export of cargo and projects. With a robust network of approximately 50 agents and partners worldwide, the company leverages its asset-light model to provide comprehensive logistics solutions to its customers. This model allows Tiger Logistics to maintain flexibility and minimize capital expenditure while offering a full suite of services for international trade. Its expertise in managing complex logistics operations gives the company a competitive edge in the international logistics market.