Mahindra Logistics Ltd
Mahindra Logistics Ltd is an integrated logistics & mobility solutions provider. The company offers Supply Chain expertise to diverse industry verticals such as Automotive, Engineering, Consumer Goods, Pharmaceuticals, Telecommunications, Commodities, and E-commerce. [1]
- Market Cap ₹ 2,416 Cr.
- Current Price ₹ 335
- High / Low ₹ 555 / 238
- Stock P/E 55.6
- Book Value ₹ 96.9
- Dividend Yield 0.76 %
- ROCE 9.38 %
- ROE 6.33 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 32.8%
Cons
- Stock is trading at 3.39 times its book value
- The company has delivered a poor sales growth of 8.98% over past five years.
- Company has a low return on equity of 8.69% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Part of BSE SmallCap BSE Allcap BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
1,883 | 1,995 | 2,589 | 3,220 | 3,666 | 3,261 | 2,959 | 3,631 | 4,459 | 4,530 | 5,013 | |
1,824 | 1,944 | 2,521 | 3,114 | 3,527 | 3,113 | 2,838 | 3,451 | 4,182 | 4,235 | 4,715 | |
Operating Profit | 59 | 51 | 68 | 106 | 138 | 148 | 121 | 180 | 277 | 295 | 297 |
OPM % | 3% | 3% | 3% | 3% | 4% | 5% | 4% | 5% | 6% | 6% | 6% |
8 | 13 | 9 | 5 | 7 | 13 | 11 | 9 | 15 | 13 | 11 | |
Interest | 0 | 0 | 0 | 0 | 0 | 14 | 17 | 26 | 41 | 44 | 54 |
Depreciation | 6 | 6 | 9 | 13 | 15 | 66 | 83 | 130 | 169 | 178 | 196 |
Profit before tax | 61 | 57 | 68 | 97 | 130 | 81 | 33 | 33 | 80 | 86 | 58 |
Tax % | 34% | 35% | 34% | 36% | 35% | 32% | 26% | 25% | 20% | 28% | 25% |
40 | 37 | 45 | 62 | 84 | 55 | 24 | 24 | 65 | 62 | 44 | |
EPS in Rs | 6.79 | 6.29 | 6.59 | 8.74 | 11.82 | 7.71 | 3.35 | 3.40 | 8.97 | 8.60 | 6.03 |
Dividend Payout % | 0% | 0% | 0% | 17% | 15% | 19% | 75% | 59% | 28% | 29% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 11% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -5% |
3 Years: | 21% |
TTM: | -30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | -11% |
1 Year: | -26% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 9% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 60 | 60 | 68 | 71 | 71 | 72 | 72 | 72 | 72 | 72 | 72 |
Reserves | 206 | 244 | 281 | 348 | 427 | 474 | 494 | 503 | 556 | 603 | 627 |
0 | 0 | 0 | 0 | 0 | 165 | 240 | 361 | 555 | 464 | 560 | |
237 | 250 | 420 | 493 | 622 | 620 | 782 | 913 | 976 | 989 | 1,059 | |
Total Liabilities | 502 | 553 | 769 | 912 | 1,121 | 1,330 | 1,587 | 1,849 | 2,159 | 2,128 | 2,318 |
20 | 21 | 28 | 31 | 44 | 210 | 346 | 474 | 551 | 529 | 592 | |
CWIP | 0 | 0 | 1 | 1 | 3 | 15 | 3 | 14 | 4 | 0 | 46 |
Investments | 121 | 78 | 70 | 63 | 99 | 21 | 76 | 137 | 260 | 332 | 428 |
362 | 453 | 670 | 818 | 976 | 1,084 | 1,161 | 1,224 | 1,344 | 1,267 | 1,252 | |
Total Assets | 502 | 553 | 769 | 912 | 1,121 | 1,330 | 1,587 | 1,849 | 2,159 | 2,128 | 2,318 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
32 | -53 | -34 | 2 | 92 | 80 | 281 | 204 | 146 | 249 | 382 | |
-173 | 28 | 1 | 8 | -92 | 35 | -105 | -150 | -148 | -103 | -226 | |
101 | -0 | -0 | 6 | -10 | -71 | -77 | -121 | -14 | -245 | -127 | |
Net Cash Flow | -40 | -25 | -33 | 16 | -11 | 44 | 98 | -66 | -16 | -99 | 28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 43 | 56 | 55 | 48 | 53 | 50 | 41 | 37 | 41 | 34 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 36 | 43 | 56 | 55 | 48 | 53 | 50 | 41 | 37 | 41 | 34 |
Working Capital Days | 3 | 15 | 18 | 16 | 16 | 22 | 10 | 0 | 0 | 4 | 1 |
ROCE % | 20% | 21% | 25% | 29% | 16% | 7% | 7% | 11% | 11% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Regarding newspaper advertisement for the transfer of Ordinary (equity) Shares to IEPF is attached.
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - Appointment of Ankit Mandhania as Head – Last Mile Delivery & Whizzard Business from 1 June 2025.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
21 May - Annual Secretarial Compliance Report for FY 2024-25 confirms full SEBI compliance, no non-compliance noted.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
6 May - CRISIL assigned Mahindra Logistics an ESG rating of 60 (Adequate) based on FY 2023-24 data.
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Intimation Of Contact Details Of Key Managerial Personnel Under Regulation 30(5) Of The SEBI (LODR) Regulations, 2015
5 May - Appointment of Hemant Sikka as MD & CEO from 5 May 2025 for five years, with updated KMP contacts.
Annual reports
Concalls
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Service Portfolio
a) Contract Logistics: Managing 22.1 Mn+ sq. ft. of warehousing with automation, the company operates 15,000+ trucks/month under an asset-light model. It offers value-added services like repacking and labeling, with WMS & TMS for real-time tracking.[1]