Mahindra Logistics Ltd

Mahindra Logistics Ltd

₹ 398 0.91%
06 May - close price
About

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]

Key Points

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.

  • Market Cap 3,949 Cr.
  • Current Price 398
  • High / Low 451 / 247
  • Stock P/E 85.9
  • Book Value 149
  • Dividend Yield 0.63 %
  • ROCE 7.41 %
  • ROE 4.22 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.67 times its book value
  • Company has a low return on equity of 6.27% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,055 1,051 1,136 1,160 1,183 1,157 1,236 1,327 1,293 1,346 1,367 1,545 1,414
975 968 1,062 1,089 1,119 1,085 1,167 1,250 1,213 1,267 1,285 1,452 1,315
Operating Profit 80 83 74 71 64 72 69 77 80 79 82 93 99
OPM % 8% 8% 7% 6% 5% 6% 6% 6% 6% 6% 6% 6% 7%
3 5 6 2 2 4 2 4 1 2 2 -1 3
Interest 12 12 11 10 12 13 12 15 14 16 17 14 12
Depreciation 46 45 44 44 44 48 47 51 50 56 63 62 61
Profit before tax 25 31 26 19 10 14 12 15 17 9 5 15 29
Tax % 10% 26% 27% 34% 22% 26% 26% 24% 25% 26% 26% 26% 26%
22 23 19 13 8 10 9 12 13 6 4 11 21
EPS in Rs 2.26 2.32 1.88 1.26 0.79 1.03 0.86 1.17 1.32 0.65 0.38 1.15 2.15
Raw PDF

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 Mar 2026
1,883 1,995 2,589 3,220 3,666 3,261 2,959 3,631 4,459 4,530 5,013 5,672
1,824 1,944 2,521 3,114 3,527 3,113 2,838 3,451 4,182 4,235 4,715 5,319
Operating Profit 59 51 68 106 138 148 121 180 277 295 298 353
OPM % 3% 3% 3% 3% 4% 5% 4% 5% 6% 6% 6% 6%
8 13 9 5 7 13 11 9 15 13 11 7
Interest 0 0 0 0 0 14 17 26 41 44 54 59
Depreciation 6 6 9 13 15 66 83 130 169 178 196 242
Profit before tax 61 57 68 97 130 81 33 33 80 86 58 58
Tax % 34% 35% 34% 36% 35% 32% 26% 25% 20% 28% 25% 26%
40 37 45 62 84 55 24 24 65 62 44 43
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 4.34
Dividend Payout % 0% 0% 0% 17% 15% 19% 75% 59% 28% 29% 41% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 8%
TTM: 13%
Compounded Profit Growth
10 Years: 2%
5 Years: 11%
3 Years: -10%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 6%
1 Year: 48%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 6%
Last Year: 4%

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 Mar 2026
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 1,377
0 0 0 0 0 165 240 361 555 464 560 559
237 250 420 493 622 620 782 913 976 989 1,059 999
Total Liabilities 502 553 769 912 1,121 1,330 1,587 1,849 2,159 2,128 2,318 3,034
20 21 28 31 44 210 346 474 551 529 592 778
CWIP 0 0 1 1 3 15 3 14 4 0 46 6
Investments 121 78 70 63 99 21 76 137 260 332 419 856
362 453 670 818 976 1,084 1,161 1,224 1,344 1,267 1,261 1,395
Total Assets 502 553 769 912 1,121 1,330 1,587 1,849 2,159 2,128 2,318 3,034

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 Mar 2026
32 -53 -34 2 92 80 281 204 146 249 382 256
-173 28 1 8 -92 35 -105 -150 -148 -103 -226 -601
101 -0 -0 6 -10 -71 -77 -121 -14 -245 -127 364
Net Cash Flow -40 -25 -33 16 -11 44 98 -66 -16 -99 28 19
Free Cash Flow 22 -61 -49 -27 60 19 214 113 84 194 241 180
CFO/OP 78% -30% 28% 65% 95% 77% 189% 145% 78% 86% 119% 98%

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 Mar 2026
Debtor Days 36 43 56 55 48 53 50 41 37 41 34 33
Inventory Days
Days Payable
Cash Conversion Cycle 36 43 56 55 48 53 50 41 37 41 34 33
Working Capital Days 3 15 18 16 16 17 3 -9 -20 -13 -9 -3
ROCE % 20% 21% 25% 29% 16% 7% 7% 11% 11% 9% 7%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Warehousing Space Under Management
Million Sq. Ft.

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Revenue Contribution from Mahindra Group
%
Total Pin-codes Covered
Number
Freight Forwarding - Ocean Freight Volume
TEU
Last Mile Delivery - Average Orders Per Day
Orders
Mobility - Number of Trips Per Day
Trips

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.04% 58.04% 58.04% 58.04% 58.03% 58.03% 58.03% 57.97% 57.97% 59.60% 59.60% 59.58%
11.51% 12.08% 5.92% 5.77% 5.51% 4.95% 5.02% 5.22% 4.79% 3.86% 4.40% 4.82%
16.97% 14.60% 15.71% 17.37% 17.51% 18.22% 15.92% 13.85% 13.87% 13.65% 12.33% 13.86%
13.48% 15.27% 20.31% 18.80% 18.94% 18.81% 21.03% 22.96% 23.38% 22.89% 23.68% 21.74%
No. of Shareholders 71,06473,68280,20580,68778,70878,16480,20880,31579,05580,92479,13875,954

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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