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 ₹ 3,949 Cr.
- Current Price ₹ 398
- High / Low ₹ 451 / 247
- Stock P/E 1,567
- Book Value ₹ 118
- Dividend Yield 0.63 %
- ROCE 7.28 %
- ROE 0.31 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.36 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -5.06% 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 Services BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,931 | 2,064 | 2,667 | 3,416 | 3,851 | 3,471 | 3,264 | 4,141 | 5,128 | 5,506 | 6,105 | 6,999 | |
| 1,874 | 2,012 | 2,590 | 3,296 | 3,700 | 3,313 | 3,129 | 3,956 | 4,868 | 5,275 | 5,820 | 6,623 | |
| Operating Profit | 57 | 52 | 76 | 120 | 152 | 158 | 135 | 184 | 260 | 231 | 284 | 376 |
| OPM % | 3% | 3% | 3% | 4% | 4% | 5% | 4% | 4% | 5% | 4% | 5% | 5% |
| 9 | 13 | 10 | 6 | 7 | 14 | 14 | 13 | 16 | 20 | 15 | 10 | |
| Interest | 0 | 1 | 3 | 4 | 3 | 18 | 20 | 30 | 52 | 68 | 81 | 75 |
| Depreciation | 6 | 8 | 15 | 20 | 22 | 73 | 90 | 142 | 190 | 209 | 226 | 278 |
| Profit before tax | 59 | 56 | 68 | 102 | 133 | 81 | 39 | 26 | 35 | -26 | -8 | 33 |
| Tax % | 35% | 36% | 32% | 36% | 35% | 32% | 26% | 43% | 21% | 97% | 292% | 68% |
| 39 | 36 | 46 | 65 | 86 | 55 | 29 | 15 | 25 | -53 | -30 | 11 | |
| EPS in Rs | 4.71 | 4.40 | 4.88 | 6.54 | 8.72 | 5.60 | 3.05 | 1.78 | 2.65 | -5.53 | -3.61 | 0.23 |
| Dividend Payout % | -0% | -0% | -0% | 17% | 15% | 19% | 60% | 82% | 68% | -33% | -50% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 11% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | -40% |
| 3 Years: | -54% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 6% |
| 1 Year: | 48% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -2% |
| 3 Years: | -5% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 205 | 242 | 280 | 348 | 427 | 473 | 496 | 475 | 490 | 420 | 366 | 1,076 |
| 4 | 28 | 34 | 26 | 38 | 201 | 269 | 402 | 834 | 739 | 869 | 650 | |
| 250 | 262 | 435 | 540 | 669 | 676 | 849 | 1,027 | 1,157 | 1,245 | 1,272 | 1,283 | |
| Total Liabilities | 519 | 591 | 817 | 986 | 1,205 | 1,422 | 1,687 | 1,975 | 2,553 | 2,477 | 2,579 | 3,108 |
| 26 | 50 | 62 | 66 | 71 | 231 | 361 | 501 | 830 | 836 | 930 | 1,147 | |
| CWIP | 0 | 3 | 1 | 1 | 3 | 15 | 3 | 14 | 4 | 16 | 46 | 24 |
| Investments | 110 | 68 | 58 | 50 | 81 | 3 | 55 | 118 | 100 | 6 | 23 | 126 |
| 383 | 471 | 697 | 870 | 1,050 | 1,173 | 1,268 | 1,343 | 1,620 | 1,619 | 1,581 | 1,811 | |
| Total Assets | 519 | 591 | 817 | 986 | 1,205 | 1,422 | 1,687 | 1,975 | 2,553 | 2,477 | 2,579 | 3,108 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | -48 | -34 | 12 | 95 | 85 | 294 | 191 | 119 | 227 | 343 | 254 | |
| -165 | 1 | -3 | 0 | -95 | 36 | -108 | -140 | -310 | -53 | -155 | -316 | |
| 103 | 18 | 4 | 4 | -11 | -76 | -87 | -117 | 183 | -276 | -148 | 105 | |
| Net Cash Flow | -35 | -28 | -33 | 16 | -11 | 45 | 98 | -66 | -8 | -102 | 41 | 42 |
| Free Cash Flow | 16 | -83 | -57 | -25 | 61 | 24 | 225 | 100 | 57 | 165 | 167 | 118 |
| CFO/OP | 73% | -19% | 24% | 68% | 90% | 74% | 180% | 138% | 74% | 104% | 112% | 94% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 38 | 43 | 56 | 56 | 49 | 56 | 54 | 43 | 46 | 47 | 37 | 36 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 38 | 43 | 56 | 56 | 49 | 56 | 54 | 43 | 46 | 47 | 37 | 36 |
| Working Capital Days | 3 | 15 | 18 | 15 | 15 | 16 | 4 | -11 | -17 | -12 | -4 | 1 |
| ROCE % | 30% | 19% | 20% | 25% | 28% | 15% | 8% | 6% | 7% | 3% | 6% | 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 % |
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| Total Pin-codes Covered Number |
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| Freight Forwarding - Ocean Freight Volume TEU |
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| Last Mile Delivery - Average Orders Per Day Orders |
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| Mobility - Number of Trips Per Day Trips |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 Apr - In compliance with Regulation 30(6) read with Schedule III of SEBI Listing Regulations. Please find enclosed Transcript of Earnings conference call of the company for …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Apr - Mahindra Logistics held FY26 earnings call on 24 April 2026; audio recording uploaded.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Apr - Copy of the newspaper publication for financial results. Detailed disclosure is attached.
- Announcement under Regulation 30 (LODR)-Investor Presentation 23 Apr
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
23 Apr - CARE monitoring report for Q4 ended 31 March 2026 confirms ₹749.27 crore rights issue proceeds fully utilized without deviation.
Annual reports
Concalls
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Apr 2026Transcript PPT REC
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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.