Credit Rating for the Financial Year 2024-25.
TIGERLOGS · price
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Infomerics Valuation and Rating has upgraded Tiger Logistics' credit ratings on its total bank facilities of Rs. 45 crore. The long-term rating moved up from IVR BBB+/Stable to IVR A-/Stable, and the short-term rating rose from IVR A2 to IVR A2+. The upgrade is driven by a strong jump in revenue—up 126% to Rs. 542 crore in FY25 from Rs. 240 crore in FY24—along with EBITDA more than doubling to Rs. 36.62 crore and profit after tax climbing to Rs. 27 crore. TEUs handled grew 37% YoY to 68,858 and air cargo volumes rose 25%. The company maintains a comfortable capital structure (gearing at 0.25x), healthy liquidity (Rs. 51 crore cash), and an asset-light model. Outlook remains stable.
The upgrade signals improved creditworthiness and lower risk perception by lenders, which may help the company access funds at better rates. For shareholders, it reflects strong business momentum and better financial health, generally viewed positively by the market.