Mahindra Logistics Ltd

About [ edit ]

Mahindra Logistics is a 3PL service provider mainly engaged in transportation, warehousing, supply chain management and people logistics services.

  • Market Cap 3,889 Cr.
  • Current Price 542
  • High / Low 615 / 240
  • Stock P/E 130
  • Book Value 79.2
  • Dividend Yield 0.28 %
  • ROCE 8.77 %
  • ROE 5.39 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 31.40%

Cons

  • The company has delivered a poor sales growth of 9.60% over past five years.
  • Company has a low return on equity of 11.14% for last 3 years.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
928 927 981 1,015 899 852 908 812 410 833 1,047 974
888 893 945 974 859 815 866 774 413 795 994 928
Operating Profit 41 34 36 41 40 38 42 38 -2 37 53 46
OPM % 4% 4% 4% 4% 4% 4% 5% 5% -1% 4% 5% 5%
Other Income 3 1 2 2 7 2 2 3 3 8 2 2
Interest 1 1 1 1 4 4 4 6 5 4 5 6
Depreciation 5 5 6 6 15 18 19 22 18 21 24 26
Profit before tax 38 29 31 36 29 18 21 13 -22 20 25 16
Tax % 35% 35% 37% 33% 35% 36% 27% 27% 26% 27% 26% 24%
Net Profit 24 19 19 24 19 11 16 10 -16 15 18 13
EPS in Rs 3.37 2.66 2.68 3.29 2.61 1.57 2.18 1.36 -2.21 2.09 2.55 1.76

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,931 2,064 2,667 3,416 3,851 3,471 3,264
1,874 2,012 2,590 3,296 3,700 3,313 3,130
Operating Profit 57 52 76 120 152 158 134
OPM % 3% 3% 3% 4% 4% 5% 4%
Other Income 9 13 10 6 7 14 15
Interest 0 1 3 4 3 18 20
Depreciation 6 8 15 20 22 73 90
Profit before tax 59 56 68 102 133 81 39
Tax % 35% 36% 32% 36% 35% 32% 26%
Net Profit 39 36 46 64 86 55 30
EPS in Rs 6.47 6.05 6.71 9.00 11.99 7.71 4.19
Dividend Payout % 0% 0% 0% 17% 15% 19% 60%
Compounded Sales Growth
10 Years:%
5 Years:10%
3 Years:-2%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:-4%
3 Years:-22%
TTM:-46%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:1%
1 Year:119%
Return on Equity
10 Years:%
5 Years:13%
3 Years:11%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
60 60 68 71 71 72 72
Reserves 205 242 280 348 427 473 496
Borrowings 4 28 34 26 38 36 267
250 262 435 540 669 841 844
Total Liabilities 519 591 817 986 1,205 1,422 1,679
26 50 62 66 71 231 380
CWIP 0 3 1 1 3 15 2
Investments 110 68 58 50 81 3 55
383 471 697 870 1,050 1,173 1,241
Total Assets 519 591 817 986 1,205 1,422 1,679

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
27 -48 -34 12 95 85 294
-165 1 -3 0 -95 36 -108
103 18 4 4 -11 -76 -87
Net Cash Flow -35 -28 -33 16 -11 45 98

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 19% 20% 26% 28% 18% 9%
Debtor Days 38 43 56 56 49 55 54
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
61.05 61.05 58.59 58.52 58.52 58.52 58.49 58.45 58.42 58.40 58.35 58.34
9.42 9.53 9.81 9.60 17.31 17.16 17.22 17.83 19.30 20.43 20.39 20.93
10.63 9.71 11.90 12.63 13.43 11.82 11.58 11.09 11.50 10.04 11.10 11.93
18.90 19.70 19.70 19.24 10.74 12.50 12.70 12.63 10.77 11.14 10.16 8.80

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