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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,273 1,293 1,365 1,397 1,451 1,420 1,521 1,594 1,570 1,625 1,685 1,898 1,791
1,209 1,227 1,311 1,345 1,394 1,354 1,455 1,521 1,492 1,548 1,600 1,795 1,679
Operating Profit 64 67 54 52 57 66 66 74 78 76 85 103 112
OPM % 5% 5% 4% 4% 4% 5% 4% 5% 5% 5% 5% 5% 6%
4 6 7 6 3 6 2 6 2 5 3 -2 4
Interest 17 18 17 16 17 19 19 22 21 23 22 17 14
Depreciation 55 54 52 51 51 55 54 59 58 65 72 72 70
Profit before tax -5 1 -8 -10 -9 -2 -5 -1 1 -6 -5 12 32
Tax % -104% 1,556% 89% 71% 29% 214% 93% 531% 671% 63% 55% 52% 30%
-1 -8 -16 -17 -12 -8 -10 -7 -5 -9 -8 6 22
EPS in Rs -0.08 -0.86 -1.61 -1.76 -1.30 -0.94 -1.08 -0.91 -0.68 -1.09 -1.04 0.33 2.03
Raw PDF

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
%
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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