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 ₹ 4,063 Cr.
- Current Price ₹ 410
- High / Low ₹ 451 / 275
- Stock P/E 103
- Book Value ₹ 118
- Dividend Yield 0.61 %
- ROCE 7.36 %
- ROE 0.32 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 333%
Cons
- Stock is trading at 3.46 times its book value
- Company has a low return on equity of -5.25% 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,931 | 2,064 | 2,667 | 3,416 | 3,851 | 3,471 | 3,264 | 4,141 | 5,128 | 5,506 | 6,105 | 6,999 | 7,378 | |
| 1,874 | 2,012 | 2,590 | 3,296 | 3,700 | 3,313 | 3,129 | 3,956 | 4,868 | 5,275 | 5,820 | 6,620 | 6,962 | |
| Operating Profit | 57 | 52 | 76 | 120 | 152 | 158 | 135 | 184 | 260 | 231 | 284 | 379 | 415 |
| OPM % | 3.0% | 2.5% | 2.9% | 3.5% | 3.9% | 4.6% | 4.1% | 4.5% | 5% | 4.2% | 4.7% | 5% | 6% |
| 9 | 13 | 10 | 6 | 7 | 14 | 14 | 13 | 16 | 20 | 15 | 7 | 15 | |
| Interest | 0 | 1 | 3 | 4 | 3 | 18 | 20 | 30 | 52 | 68 | 81 | 75 | 66 |
| Depreciation | 6 | 8 | 15 | 20 | 22 | 73 | 90 | 142 | 190 | 209 | 226 | 278 | 286 |
| Profit before tax | 59 | 56 | 68 | 102 | 133 | 81 | 39 | 26 | 35 | -26 | -8 | 33 | 78 |
| Tax % | 35% | 36% | 32% | 36% | 35% | 32% | 26% | 43% | 21% | 97% | 291% | 68% | |
| 39 | 36 | 46 | 65 | 86 | 55 | 29 | 15 | 25 | -53 | -30 | 11 | 48 | |
| 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 | 3.88 |
| Dividend Payout % | 0% | 0% | 0% | 17% | 15% | 19% | 60% | 82% | 68% | -33% | -50% | 1,083% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 11% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | -40% |
| 3 Years: | -54% |
| TTM: | 206% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | 8% |
| 1 Year: | 25% |
| 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 | 1,280 | |
| Total Liabilities | 519 | 591 | 817 | 986 | 1,205 | 1,422 | 1,687 | 1,975 | 2,553 | 2,477 | 2,579 | 3,105 |
| 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 | 125 |
| 383 | 471 | 697 | 870 | 1,050 | 1,173 | 1,268 | 1,343 | 1,620 | 1,619 | 1,581 | 1,808 | |
| Total Assets | 519 | 591 | 817 | 986 | 1,205 | 1,422 | 1,687 | 1,975 | 2,553 | 2,477 | 2,579 | 3,105 |
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% | 93% |
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 | -5 |
| ROCE % | 30% | 19% | 20% | 25% | 28% | 15% | 8% | 6% | 7% | 3% | 6% | 7% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Warehousing space under management Mn sq ft |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating From ESG Risk Assessments & Insights Limited
27 Jul - Mahindra Logistics received ESG score 68, rated Strong, for FY2025-26 data.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 Jul - Transcript of the Earnings Conference Call of the Company for the first quarter ended 30 June 2026 held on Tuesday 21 July 2026. Detailed disclosure …
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating
23 Jul - SES ESG assigns Mahindra Logistics an adjusted ESG score of 69.7, Grade B.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Jul
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Jul - Mahindra Logistics concluded its Q1 FY27 earnings call on 21 July 2026 and uploaded the recording.
Annual reports
Concalls
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Jul 2026Transcript PPT
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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.