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 ₹ 3,454 Cr.
- Current Price ₹ 348
- High / Low ₹ 383 / 217
- Stock P/E 92.6
- Book Value ₹ 145
- Dividend Yield 0.72 %
- ROCE 9.40 %
- ROE 6.35 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 32.8%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.98% over past five years.
- Company has a low return on equity of 8.70% 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 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,883 | 1,995 | 2,589 | 3,220 | 3,666 | 3,261 | 2,959 | 3,631 | 4,459 | 4,530 | 5,013 | 5,551 | |
| 1,824 | 1,944 | 2,521 | 3,114 | 3,527 | 3,113 | 2,838 | 3,451 | 4,182 | 4,235 | 4,715 | 5,218 | |
| Operating Profit | 59 | 51 | 68 | 106 | 138 | 148 | 121 | 180 | 277 | 295 | 298 | 334 |
| OPM % | 3% | 3% | 3% | 3% | 4% | 5% | 4% | 5% | 6% | 6% | 6% | 6% |
| 8 | 13 | 9 | 5 | 7 | 13 | 11 | 9 | 15 | 13 | 11 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 14 | 17 | 26 | 41 | 44 | 54 | 61 |
| Depreciation | 6 | 6 | 9 | 13 | 15 | 66 | 83 | 130 | 169 | 178 | 196 | 231 |
| Profit before tax | 61 | 57 | 68 | 97 | 130 | 81 | 33 | 33 | 80 | 86 | 58 | 47 |
| Tax % | 34% | 35% | 34% | 36% | 35% | 32% | 26% | 25% | 20% | 28% | 25% | |
| 40 | 37 | 45 | 62 | 84 | 55 | 24 | 24 | 65 | 62 | 44 | 35 | |
| EPS in Rs | 4.94 | 4.57 | 4.79 | 6.36 | 8.60 | 5.60 | 2.44 | 2.47 | 6.52 | 6.26 | 4.39 | 3.50 |
| 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: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -5% |
| 3 Years: | 21% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -6% |
| 1 Year: | 3% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 68 | 71 | 71 | 72 | 72 | 72 | 72 | 72 | 72 | 99 |
| Reserves | 206 | 244 | 281 | 348 | 427 | 474 | 494 | 503 | 556 | 603 | 627 | 1,339 |
| 0 | 0 | 0 | 0 | 0 | 165 | 240 | 361 | 555 | 464 | 560 | 562 | |
| 237 | 250 | 420 | 493 | 622 | 620 | 782 | 913 | 976 | 989 | 1,059 | 1,061 | |
| Total Liabilities | 502 | 553 | 769 | 912 | 1,121 | 1,330 | 1,587 | 1,849 | 2,159 | 2,128 | 2,318 | 3,061 |
| 20 | 21 | 28 | 31 | 44 | 210 | 346 | 474 | 551 | 529 | 592 | 788 | |
| CWIP | 0 | 0 | 1 | 1 | 3 | 15 | 3 | 14 | 4 | 0 | 46 | 4 |
| Investments | 121 | 78 | 70 | 63 | 99 | 21 | 76 | 137 | 260 | 332 | 419 | 690 |
| 362 | 453 | 670 | 818 | 976 | 1,084 | 1,161 | 1,224 | 1,344 | 1,267 | 1,261 | 1,579 | |
| Total Assets | 502 | 553 | 769 | 912 | 1,121 | 1,330 | 1,587 | 1,849 | 2,159 | 2,128 | 2,318 | 3,061 |
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 | 17 | 3 | -9 | -20 | -13 | -9 |
| ROCE % | 20% | 21% | 25% | 29% | 16% | 7% | 7% | 11% | 11% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Jan - Earnings call for Q3/9M ended 31 Dec 2025; audio and presentation uploaded.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jan - Copy of newspaper publication for financial results. Detailed disclosure is enclosed.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
28 Jan - ESG Risk Assessments assigned Mahindra Logistics ESG score 63 ('Strong') based on FY2024-25; disclosed 28 Jan 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 Jan - Presentation for the Earnings Conference call scheduled on 28 January 2026 for the third quarter and nine months ended 31 December 2025. Detailed disclosure is …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Jan - Q3 FY26 consolidated revenue Rs1,898cr (+19%); reported PAT Rs3.25cr; EBITDA Rs103cr; exceptional retiral impact Rs7.36cr.
Annual reports
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Service Portfolio
a) Contract Logistics:[1][2]
The company offers end-to-end contract logistics solutions including transportation, warehousing, stores & line feed, fulfilment services, and value-added services (VAS). It manages 20.5+ million sq. ft. of warehouse space across 400+ locations, supported by a fleet of 15,000+ vehicles, ~1,500 trucks per month, and 1,500+ business associates.