Mahindra Logistics Ltd

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

Mahindra Logistics Ltd

₹ 468 3.94%
24 Apr 1:19 p.m.
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 ₹ 3,376 Cr.
  • Current Price ₹ 468
  • High / Low ₹ 493 / 347
  • Stock P/E
  • Book Value ₹ 68.4
  • Dividend Yield 0.53 %
  • ROCE 2.88 %
  • ROE -10.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 39.1%

Cons

  • Stock is trading at 6.76 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.79% 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

Consolidated Figures in Rs. Crores / View Standalone

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
974 883 1,033 1,136 1,089 1,200 1,326 1,330 1,273 1,293 1,365 1,397 1,451
928 843 986 1,091 1,037 1,134 1,259 1,267 1,209 1,227 1,311 1,345 1,394
Operating Profit 46 41 47 45 51 66 68 63 64 67 54 52 57
OPM % 5% 5% 5% 4% 5% 5% 5% 5% 5% 5% 4% 4% 4%
2 2 2 3 6 3 3 6 4 6 7 6 3
Interest 6 6 7 8 9 9 11 15 17 18 17 16 17
Depreciation 26 30 35 38 39 41 44 50 55 54 52 51 51
Profit before tax 16 6 8 3 9 19 17 4 -5 1 -8 -10 -9
Tax % 24% 50% 40% 64% 33% 28% 28% 53% 104% 1,556% -89% -71% -29%
12 3 5 1 6 13 11 1 -1 -8 -16 -17 -12
EPS in Rs 1.76 0.46 0.71 0.25 1.03 1.88 1.69 0.19 -0.11 -1.19 -2.21 -2.42 -1.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,532 1,751 1,931 2,064 2,667 3,416 3,851 3,471 3,264 4,141 5,128 5,506
1,495 1,699 1,874 2,012 2,590 3,296 3,700 3,313 3,129 3,956 4,868 5,277
Operating Profit 37 51 57 52 76 120 152 158 135 184 260 229
OPM % 2% 3% 3% 3% 3% 4% 4% 5% 4% 4% 5% 4%
3 6 9 13 10 6 7 14 14 13 16 22
Interest 1 0 0 1 3 4 3 18 20 30 52 68
Depreciation 3 3 6 8 15 20 22 73 90 142 190 209
Profit before tax 36 54 59 56 68 102 133 81 39 26 35 -26
Tax % 32% 33% 35% 36% 32% 36% 35% 32% 26% 43% 21% -97%
24 37 39 36 46 65 86 55 29 15 25 -53
EPS in Rs 4.23 6.20 6.47 6.05 6.71 9.00 11.99 7.71 4.19 2.44 3.65 -7.60
Dividend Payout % 0% 0% 0% 0% 0% 17% 15% 19% 60% 82% 68% -33%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 19%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -314%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: -5%
1 Year: 24%
Return on Equity
10 Years: 8%
5 Years: 3%
3 Years: -1%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 58 59 60 60 68 71 71 72 72 72 72 72
Reserves 28 65 205 242 280 348 427 473 496 475 490 420
0 0 4 28 34 26 38 201 269 402 834 739
175 211 250 262 435 540 669 676 849 1,027 1,157 1,245
Total Liabilities 261 335 519 591 817 986 1,205 1,422 1,687 1,975 2,553 2,477
10 16 26 50 62 66 71 231 361 501 830 836
CWIP 0 0 0 3 1 1 3 15 3 14 4 16
Investments 0 0 110 68 58 50 81 3 55 118 100 6
251 319 383 471 697 870 1,050 1,173 1,268 1,343 1,620 1,619
Total Assets 261 335 519 591 817 986 1,205 1,422 1,687 1,975 2,553 2,477

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 -48 -34 12 95 85 294 191 119 227
-165 1 -3 0 -95 36 -108 -140 -310 -54
103 18 4 4 -11 -76 -87 -117 183 -276
Net Cash Flow -35 -28 -33 16 -11 45 98 -66 -8 -104

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31 32 38 43 56 56 49 56 54 43 46 47
Inventory Days
Days Payable
Cash Conversion Cycle 31 32 38 43 56 56 49 56 54 43 46 47
Working Capital Days 2 -0 3 15 19 16 17 24 14 0 6 5
ROCE % 52% 30% 19% 20% 25% 28% 15% 8% 6% 7%

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.

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