Tiger Logistics (India) Limited (TIGERLOGS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+5.5%

₹26.02

vs ₹24.67 price

Levered DCF

-₹11.23

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.53

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.52×	20.15×	41.76×	2.34×	16.15×	-43.53×	-43.91×	85.62×
P/B	1.55×	3.93×	4.9×	0.56×	7.3×	12.94×	10.3×	8.33×
P/S	0.43×	1.01×	2.26×	0.13×	0.88×	3.21×	1.8×	1.64×
EV / EBITDA	8.56×	14.2×	29.04×	0.59×	13.06×	-81.11×	-77.16×	41.33×
Gross margin	6.3%	7.4%	9.0%	8.4%	7.4%	2.7%	1.0%	6.7%
Operating margin	4.4%	5.7%	6.1%	6.0%	6.5%	2.4%	0.7%	6.4%
Net margin	3.8%	5.0%	5.4%	5.4%	5.5%	-7.3%	-4.1%	1.9%
Current ratio	2.3×	3.29×	4.22×	5.5×	2.4×	1.55×	1.67×	1.93×
Debt / equity	0.31×	0.25×	0.11×	0×	0×	0.36×	0.7×	0.54×
Interest coverage	5.53×	10.75×	34.27×	43.5×	37.51×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.2%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	3.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.4%	19.5%	11.7%	23.8%	45.2%	-29.6%	-23.4%	9.7%
Return on invested capital	8.7%	12.9%	8.4%	19.1%	47.0%	6.6%	2.2%	12.3%
Return on assets	8.2%	13.8%	9.0%	19.4%	27.7%	-14.8%	-11.7%	5.1%
Free cash flow yield	-8.3%	-3.6%	-3.6%	30.0%	8.1%	4.8%	0.4%	-0.9%
Earnings yield	8.7%	5.0%	2.4%	42.7%	6.2%	-2.3%	-2.3%	1.2%
Enterprise value	₹3B	₹5.6B	₹5.5B	₹192.7M	₹5.1B	₹5.5B	₹5.8B	₹5.7B
Net debt / EBITDA	1.41×	0.55×	0.31×	-1.07×	-0.78×	-1.25×	-4.34×	2.28×
Cash conversion cycle (days)	78	72	95	35	32	66	69	96