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 ₹ 3,919 Cr.
- Current Price ₹ 395
- High / Low ₹ 451 / 275
- Stock P/E 99.5
- Book Value ₹ 118
- Dividend Yield 0.62 %
- 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 3.38 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 1000 BSE Services
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: | -9% |
| 3 Years: | 2% |
| 1 Year: | 22% |
| 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
- NSE Sustainability assigned Mahindra Logistics ESG rating 73, category Leader, based on FY26 public data.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Mahindra Logistics held analyst and investor meetings at Elara Capital Conference on 2 September 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
- ICRA reaffirmed Mahindra Logistics’ ratings on 450 crore bank facilities and commercial paper on 28 August 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Regulation 30 of the SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Intimation of Schedule of ....
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- Detailed intimation w.r.t allotment of Equity Shares on exercise of RSUs are attached.
Annual reports
Concalls
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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.