June 8, 2026: Tiger Logistics (India) Ltd. has retained its investment-grade credit ratings from Infomerics, even as the global logistics industry faces trade disruptions, freight-rate volatility, and supply chain challenges.
Author: Aadarsh Patel | EQMint
The rating agency reaffirmed the company’s long-term rating at IVR A- and short-term rating at IVR A2+ for bank facilities worth ₹45 crore. However, the outlook has been revised to Negative, reflecting pressure on profitability and working capital amid ongoing global market uncertainty.
Despite these challenges, Tiger Logistics delivered strong operational growth during FY26. Container volumes jumped 34.5% year-on-year to 92,614 TEUs, compared with 68,858 TEUs in FY25. Total operating income rose 6.8% to ₹573 crore during the year.
The company said its diversified logistics services, which include ocean and air freight forwarding, customs clearance, warehousing, project logistics, and supply chain solutions, helped it navigate a volatile operating environment.
Chairman and Managing Director Harpreet Singh Malhotra said the company has launched initiatives to improve margins, strengthen working capital efficiency, and support long-term growth across sectors such as renewable energy, automotive, electronics, and pharmaceuticals.
EQMint Analysis
The headline number here is the 34.5% growth in container volumes.
For a logistics company operating in a difficult global environment, volume growth of this scale suggests Tiger Logistics is continuing to win business and expand its market presence. The company’s asset-light model also provides flexibility compared with logistics operators that carry large infrastructure and fleet costs.
The concern investors should watch is the outlook revision to Negative. While the credit rating itself remains investment grade, Infomerics has flagged profitability and working capital pressures. That means management’s ability to improve margins over the next few quarters will be closely monitored.
Overall, the update is mixed but leans positive. Strong cargo volume growth and revenue expansion indicate healthy business momentum, while the Negative outlook serves as a reminder that the global logistics sector remains under pressure.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
