Mahindra Logistics Ltd

Mahindra Logis. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahindra Logistics Ltd

₹ 466 3.49%
24 Apr - close price
mahindralogistics.com BSE: 540768 NSE : MAHLOG
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

Segments[1][2]
Contract Logistics: Transportation,
Warehousing, Stores & Line Feed, Fulfillment, and VAS services. The company has 19
Mn. Sq. Ft space to manage at 500+ locations. Total 15,000+ Trucks Per month with 1500+ business associates.
Last-Mile Delivery: Facilitates delivery to customers of major e-com players and builds India’s largest 3W EV fleet. The company handles 300,000+ orders per day with 6000+ vehicles deployed every day. The company has 140+ Last Mile stations in 4000+ pin codes in India.
B2B Express: B2B express and PTL
transportation with pan India coverage of 19,000+ Pin-codes. It has 300+ Processing Centers & Branches with 400+ partners for first mile & last mile connectivity. It handles an avg of 30,000+ tonnes.
Freight Forwarding: Cross-border freight forwarding business with expertise in ocean as well as air freight. The company has started International air charter operations in Dubai[3] The company handled ocean freight of ~3000 TEUs in Q1FY24 and Air Freight of ~2000 tonnes.

Website BSE NSE
  • Market Cap ₹ 3,361 Cr.
  • Current Price ₹ 466
  • High / Low ₹ 493 / 347
  • Stock P/E 55.1
  • Book Value ₹ 93.8
  • Dividend Yield 0.54 %
  • ROCE 11.0 %
  • ROE 9.36 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 38.6%

Cons

  • Stock is trading at 4.98 times its book value
  • Company has a low return on equity of 8.12% 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

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
873.26 775.06 919.16 976.15 960.71 1,068.95 1,195.40 1,140.04 1,054.51 1,050.92 1,135.63 1,160.08 1,183.27
832.03 735.64 872.82 935.27 907.77 1,005.59 1,131.07 1,071.24 974.93 967.66 1,061.68 1,088.82 1,119.35
Operating Profit 41.23 39.42 46.34 40.88 52.94 63.36 64.33 68.80 79.58 83.26 73.95 71.26 63.92
OPM % 4.72% 5.09% 5.04% 4.19% 5.51% 5.93% 5.38% 6.03% 7.55% 7.92% 6.51% 6.14% 5.40%
-0.27 1.53 1.51 1.52 5.00 2.12 2.04 7.84 2.96 5.10 5.90 1.78 2.03
Interest 4.83 5.39 6.00 6.62 8.03 8.27 10.02 11.54 11.59 11.87 10.56 10.17 11.51
Depreciation 24.62 27.45 31.85 34.71 36.40 38.36 41.24 43.38 46.19 45.42 43.69 44.02 44.41
Profit before tax 11.51 8.11 10.00 1.07 13.51 18.85 15.11 21.72 24.76 31.07 25.60 18.85 10.03
Tax % 26.50% 25.52% 25.50% 34.58% 24.13% 25.41% 25.61% 22.47% 9.57% 26.07% 27.19% 33.63% 21.64%
8.46 6.04 7.45 0.70 10.25 14.06 11.24 16.84 22.39 22.97 18.64 12.51 7.86
EPS in Rs 1.18 0.84 1.04 0.10 1.43 1.95 1.56 2.34 3.11 3.19 2.59 1.74 1.09
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
1,883 1,995 2,589 3,220 3,666 3,261 2,959 3,631 4,459 4,530
1,824 1,944 2,521 3,114 3,527 3,113 2,838 3,451 4,182 4,238
Operating Profit 59 51 68 106 138 148 121 180 277 292
OPM % 3% 3% 3% 3% 4% 5% 4% 5% 6% 6%
8 13 9 5 7 13 11 9 15 15
Interest 0 0 0 0 0 14 17 26 41 44
Depreciation 6 6 9 13 15 66 83 130 169 178
Profit before tax 61 57 68 97 130 81 33 33 80 86
Tax % 34% 35% 34% 36% 35% 32% 26% 25% 20% 28%
40 37 45 62 84 55 24 24 65 62
EPS in Rs 6.79 6.29 6.59 8.74 11.82 7.71 3.35 3.40 8.97 8.60
Dividend Payout % 0% 0% 0% 17% 15% 19% 75% 59% 28% 29%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: 31%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: -3%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 8%
Last Year: 9%

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
Equity Capital 60 60 68 71 71 72 72 72 72 72
Reserves 206 244 281 348 427 474 494 503 556 603
0 0 0 0 0 165 240 361 555 464
237 250 420 493 622 620 782 913 982 989
Total Liabilities 502 553 769 912 1,121 1,330 1,587 1,849 2,165 2,128
20 21 28 31 44 210 346 474 551 529
CWIP 0 0 1 1 3 15 3 14 4 0
Investments 121 78 70 63 99 21 76 137 260 349
362 453 670 818 976 1,084 1,161 1,224 1,351 1,250
Total Assets 502 553 769 912 1,121 1,330 1,587 1,849 2,165 2,128

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
32 -53 -34 2 92 80 281 204 146 249
-173 28 1 8 -92 35 -105 -150 -148 -103
101 -0 -0 6 -10 -71 -77 -121 -14 -245
Net Cash Flow -40 -25 -33 16 -11 44 98 -66 -16 -99

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
Debtor Days 36 43 56 55 48 53 50 41 37 41
Inventory Days
Days Payable
Cash Conversion Cycle 36 43 56 55 48 53 50 41 37 41
Working Capital Days 3 15 18 16 16 22 10 0 2 4
ROCE % 20% 21% 25% 29% 16% 7% 7% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.31% 58.25% 58.18% 58.18% 58.12% 58.11% 58.10% 58.09% 58.04% 58.04% 58.04% 58.04%
20.99% 21.84% 21.66% 20.39% 20.08% 15.80% 15.55% 11.55% 11.51% 12.08% 5.92% 5.77%
11.30% 10.89% 11.10% 12.13% 13.49% 15.53% 15.46% 18.63% 16.97% 14.60% 15.71% 17.37%
9.41% 9.02% 9.06% 9.30% 8.31% 10.55% 10.89% 11.74% 13.48% 15.27% 20.31% 18.80%
No. of Shareholders 54,83955,46052,39259,13858,28064,64265,01866,34771,06473,68280,20580,687

* 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.

Click on the line-items to see the names of individual entities.

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