Khambatta Securitie's research report on Tiger Logistics
The Company will benefit after establishing itself as a strong end to end supply-chain solution provider in the international markets, it has strategy to leverage its existing network and infrastructure for domestic logistics segment and be a part of Less than Container Load (LCL) segment in the country. Citing a huge opportunity on the implementation of the GST, economic revival and government’s thrust on Make-in-India, gradual shift towards digital India, demonetisation; the management has plans to expand through organic way or merger & acquisition in the domestic markets.
At the CMP, the stock trades at a P/E multiple of 21x/16x/12x FY17/FY18/FY19 EPS. Due to rich business fundamentals and asset light model, we expect the high valuations to continue and recommend a BUY with a price target of Rs. 350, an upside potential of 62%.
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