Tiger Logistics (India) (NSE:TIGERLOGS) Altman Z-Score: 5.32 (As of Jul. 06, 2026) — 27% Below Median


NSE:TIGERLOGS Tiger Logistics (India) Ltd NSE:TIGERLOGS
62 GF Score
Price ₹34.41
GF Value ₹58.70
Valuation Possible Value Trap
! 5 Warning Signs
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What is Tiger Logistics (India) Altman Z-Score?

Tiger Logistics (India) NSE:TIGERLOGS -0.38% 62 Altman Z-Score is 5.32 as of Jul. 06, 2026, which is 27% below its 10-year median of 7.24. GuruFocus rates NSE:TIGERLOGS with a GF Score™ of 62/100 and a GF Value™ of ₹58.70 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 997 Transportation companies, Tiger Logistics (India) ranks better than 86.16% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 5.32 is strong.

Tiger Logistics (India) has a Altman Z-Score of 5.32, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Tiger Logistics (India)'s Altman Z-Score or its related term are showing as below:

NSE:TIGERLOGS' s Altman Z-Score Range Over the Past 10 Years
Min: 2.54   Med: 7.24   Max: 15.9
Current: 5.32

During the past 13 years, Tiger Logistics (India)'s highest Altman Z-Score was 15.90. The lowest was 2.54. And the median was 7.24.


Tiger Logistics (India)  (NSE:TIGERLOGS) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Tiger Logistics (India) Altman Z-Score Related Terms


Tiger Logistics (India) Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Tiger Logistics (India)'s Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tiger Logistics (India) Altman Z-Score Chart

Tiger Logistics (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.59 15.90 12.72 10.28 4.64

Tiger Logistics (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.28 11.31 6.46 5.53 4.64

NSE:TIGERLOGS vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, Tiger Logistics (India)'s Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tiger Logistics (India) Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Tiger Logistics (India)'s Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Tiger Logistics (India)'s Altman Z-Score falls into.


NSE:TIGERLOGS
62GF Score
Tiger Logistics (India) Ltd NSE:TIGERLOGS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Tiger Logistics (India) Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Tiger Logistics (India)'s Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.482+1.4*0+3.3*0.1282+0.6*3.5546+1.0*2.1812
=5.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹2,626 Mil.
Total Current Assets was ₹2,242 Mil.
Total Current Liabilities was ₹976 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 29.995 + 78.161 + 119.769 + 62.98 = ₹291 Mil.
Interest Expense was -13.242 + -14.716 + -9.484 + -8.447 = ₹-46 Mil.
Revenue was 1625.468 + 1390.245 + 1687.31 + 1025.187 = ₹5,728 Mil.
Market Cap (Today) was ₹3,649 Mil.
Total Liabilities was ₹1,026 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(2241.708 - 975.862)/2626.233
=0.482

X2=Retained Earnings/Total Assets
=0/2626.233
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(290.905 - -45.889)/2626.233
=0.1282

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3648.570/1026.434
=3.5546

X5=Revenue/Total Assets
=5728.21/2626.233
=2.1812

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Tiger Logistics (India) has a Altman Z-Score of 5.32 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 5.32 mean?
Tiger Logistics (India) (NSE:TIGERLOGS) has a Altman Z-Score of 5.32 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tiger Logistics (India) and its competitors. This is 27% below median its historical median of 7.24. Over the past decade, Tiger Logistics (India)'s Altman Z-Score has ranged from 2.54 to 15.90. According to the industry distribution chart, Tiger Logistics (India) ranks #138 out of 997 companies in the Transportation industry, placing it in the top 13.8%.
Is Tiger Logistics (India)'s Altman Z-Score too high?
Tiger Logistics (India)'s current Altman Z-Score of 5.32 is 27% below median its 10-year median of 7.24. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 15.90. The Transportation industry median Altman Z-Score is 2.26. Tiger Logistics (India)'s value of 5.32 is 135.4% above this industry median. Based on the distribution chart, Tiger Logistics (India) ranks #138 out of 997 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Tiger Logistics (India) has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tiger Logistics (India)'s Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Tiger Logistics (India) ranks #138 out of 997 companies for Altman Z-Score. This places Tiger Logistics (India) in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. Tiger Logistics (India)'s value of 5.32 is 135.4% above this benchmark. Historically, Tiger Logistics (India)'s own Altman Z-Score has ranged from 2.54 to 15.90 over the past decade. While the company's 10-year median is 7.24 vs. the industry median of 2.26, Tiger Logistics (India) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tiger Logistics (India)'s current Altman Z-Score of 5.32 is 135.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tiger Logistics (India) and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tiger Logistics (India)'s current Altman Z-Score is 5.32, which is 27% below median its own 10-year median of 7.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tiger Logistics (India) stock overvalued right now?
Based on GuruFocus' analysis, Tiger Logistics (India) (NSE:TIGERLOGS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹58.70, compared to a current price of ₹34.41 — trading 41.4% below its estimated fair value. The current Altman Z-Score is 5.32, which is 27% below median its 10-year median of 7.24 and 135.4% above the Transportation industry median of 2.26. Tiger Logistics (India)'s overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Tiger Logistics (India) (NSE:TIGERLOGS), the current Altman Z-Score is 5.32 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tiger Logistics (India) (NSE:TIGERLOGS) Overvalued in 2026?

Based on GuruFocus' analysis, Tiger Logistics (India) stock appears to be undervalued. The current stock price of ₹34.41 is trading 41.4% below its estimated GF Value™ of ₹58.70. GuruFocus considers Tiger Logistics (India) to be Possible Value Trap.

Key valuation signals for NSE:TIGERLOGS:

  • Altman Z-Score: 5.32 (27% below median its 10-year median of 7.24)
  • GF Value™: ₹58.70 vs. price of ₹34.41 (41.4% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 135.4% above the Transportation median (#138 of 997)

No single metric tells the full story. See the NSE:TIGERLOGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tiger Logistics (India) Business Description

Other Exchanges 536264:India
Address Skylark Building 60, 804A-807, 8th Floor, Nehru Place, New Delhi, IND, 110019
Tiger Logistics (India) Ltd is a third-party logistics services provider. Its business covers international freight forwarding, supply chain management, project logistics, defense logistics, and cold chain logistics. The company is also a customs house agent.
62GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹34.41
Price
₹58.70
GF Value