Mahindra Logistics Limited MAHLOG NSEINFRA

Industrials · Integrated Freight & Logistics · India

https://www.mahindralogistics.com

Mahindra Logistics Limited provides integrated logistics and mobility solutions in India and internationally. It operates through two segments, Supply Chain Management (SCM) and Enterprise Mobility Services. The company offers logistics solutions comprising of solutions and services, including warehousing, transportation, and value-added services. It offers contract logistics, express and parcel solutions, last-mile delivery, cross-border transportation, B2B express, and enterprise mobility; enterprise mobility services, cab-on-demand, airport pickup and transfer, outstation and rental services under Alyte and Meru brands. It also provides freight forwarding services for exports and imports, customs brokerage operations, project cargo services, and charters; and logistics and transportation services to original equipment manufacturers for carrying finished automobiles. In addition, the company offers integrated fulfilment solutions, inbound-to-manufacturing solutions, full truck load transportation, milk run, in-plant and finished vehicle logistics, and temperature-controlled logistics. The company serves auto and farm, manufacturing, E-commerce, consumer goods, pharmaceuticals, telecom, and commodities sectors. Mahindra Logistics Limited was founded in 2000 and is based in Mumbai, India. The company is a subsidiary of Mahindra & Mahindra Limited.

Market & Price

Market Cap

₹3,394.90 Cr

Current Price

₹342.15

High / Low (52W)

₹442.70 / ₹279.55

Beta

0.47

Valuation

Stock P/E

1,425.62

Industry PE

27.78

Forward P/E

20.39

PEG Ratio

Book Value

₹79.47

Price to Book

4.31

P/S

0.49

EV/EBITDA

5.60

Dividend Yield

0.73%

Profitability & Returns

ROCE

6.40%

ROE

1.28%

ROA

2.17%

Profit Margin

0.03%

Op Margin

2.53%

EPS (Latest Qtr)

₹2.03

EPS (TTM)

₹0.24

Balance Sheet & Liquidity

Debt/Equity

0.47

Quick Ratio

1.06

Current Ratio

1.16

Debt

₹266.72 Cr

Total Assets

₹3,108.02 Cr

Current Assets

₹1,637.83 Cr

Working Capital

₹220.21 Cr

Ownership

Promoter Holding

59.80%

Chg in Prom Hold

FII / Inst Holding

17.72%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹2,108.07 Cr

Total Revenue (TTM)

₹6,999.30 Cr

EBITDA

₹376.47 Cr

Free Cash Flow

₹155.89 Cr

Operating Cash Flow

₹253.61 Cr

Shares Outstanding

₹9.92 Cr

Gross Margin

7.75%

Payout Ratio

912.59%

Growth (CAGR)

Revenue 5Y

10.99%

Profit 5Y

-55.67%

Revenue (YoY)

20.10%

Earnings (YoY)

28.90%

PROS

Compounding revenue at 11.0% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 1425.6.
Earnings shrank at -55.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MAHLOG Mahindra Logistics Limited NSEINFRA	342.15	1,425.62	₹3,394.90 Cr	0.73%	6.40%	1.28%	10.99%	-55.67%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	1,594.20 Cr	1,569.51 Cr	1,624.59 Cr	1,898.03 Cr	1,791.41 Cr
Cost of Revenue	160.29 Cr	154.02 Cr	169.05 Cr	181.89 Cr	176.15 Cr
Gross Profit	1,433.91 Cr	1,415.49 Cr	1,455.54 Cr	1,716.14 Cr	1,615.26 Cr
Operating Expenses	1,419.23 Cr	1,396.18 Cr	1,443.86 Cr	1,685.04 Cr	1,572.80 Cr
Operating Income	14.68 Cr	19.31 Cr	11.68 Cr	31.10 Cr	42.46 Cr
EBITDA	20.90 Cr	21.50 Cr	16.71 Cr	28.96 Cr	46.25 Cr
Interest Expense	22.05 Cr	20.55 Cr	22.53 Cr	16.52 Cr	14.30 Cr
Pretax Income	-1.15 Cr	95.00 L	-5.82 Cr	12.44 Cr	31.95 Cr
Tax Provision	6.11 Cr	6.24 Cr	3.62 Cr	6.43 Cr	9.59 Cr
Net Income	-9.03 Cr	-6.75 Cr	-10.80 Cr	3.25 Cr	20.19 Cr
Diluted EPS	-1.21	-0.90	-1.37	0.33	2.03

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	5,119.74 Cr	5,505.97 Cr	6,104.83 Cr	6,999.30 Cr
Cost of Revenue	-	4,941.95 Cr	5,334.76 Cr	629.92 Cr	705.27 Cr
Gross Profit	-	177.79 Cr	171.21 Cr	5,474.91 Cr	6,294.03 Cr
Operating Expenses	-	98.82 Cr	138.71 Cr	5,417.18 Cr	6,195.43 Cr
Operating Income	-	78.97 Cr	32.50 Cr	57.73 Cr	98.60 Cr
EBITDA	-	275.61 Cr	249.74 Cr	299.86 Cr	386.05 Cr
Interest Expense	-	51.57 Cr	68.16 Cr	81.21 Cr	75.02 Cr
Pretax Income	-	34.54 Cr	-27.41 Cr	-7.67 Cr	33.16 Cr
Tax Provision	-	7.12 Cr	25.68 Cr	22.33 Cr	22.59 Cr
Net Income	-	26.28 Cr	-54.74 Cr	-35.85 Cr	2.29 Cr
Diluted EPS	-	3.32	-6.94	-4.78	0.25

Compounded Sales Growth

5 Years:	10.99%
1 Year:	20.10%

Compounded Profit Growth

5 Years:	-55.67%
1 Year:	28.90%

Stock Price Performance

1 Year:	+8.69%
6 Months:	+8.41%
3 Months:	-17.44%
1 Month:	-16.35%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	2,552.94 Cr	2,477.20 Cr	2,580.15 Cr	3,108.02 Cr
Current Assets	-	1,382.17 Cr	1,340.32 Cr	1,397.73 Cr	1,637.83 Cr
Cash & Equivalents	-	126.20 Cr	24.39 Cr	65.09 Cr	107.12 Cr
Inventory	1.43 Cr	41.00 L	0	-	-
Receivables	-	652.49 Cr	701.90 Cr	625.10 Cr	689.59 Cr
Total Liabilities	-	1,992.64 Cr	1,972.96 Cr	2,125.92 Cr	1,908.76 Cr
Current Liabilities	-	1,428.00 Cr	1,443.75 Cr	1,372.02 Cr	1,417.62 Cr
Long Term Debt	-	223.60 Cr	223.60 Cr	410.47 Cr	34.46 Cr
Total Debt	-	834.05 Cr	739.29 Cr	868.78 Cr	649.75 Cr
Total Equity	-	561.67 Cr	492.47 Cr	437.88 Cr	1,174.78 Cr
Shares Outstanding	-	7.89 Cr	7.89 Cr	7.90 Cr	9.92 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	119.40 Cr	226.86 Cr	343.17 Cr	253.61 Cr
Investing Cash Flow	-	-310.02 Cr	-54.29 Cr	-154.75 Cr	-316.16 Cr
Financing Cash Flow	-	182.94 Cr	-276.12 Cr	-147.72 Cr	104.58 Cr
Capital Expenditure	-	-71.03 Cr	-70.94 Cr	-180.89 Cr	-138.99 Cr
Free Cash Flow	-	48.37 Cr	155.92 Cr	162.28 Cr	114.62 Cr
Net Change in Cash	-	-7.68 Cr	-103.55 Cr	40.70 Cr	42.03 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	3.5%	3.1%	89.7%	89.9%
Operating Margin %	-	1.5%	0.6%	0.9%	1.4%
Net Margin %	-	0.5%	-1.0%	-0.6%	0.0%
ROE %	-	4.7%	-11.1%	-8.2%	0.2%
ROCE %	-	7.0%	3.1%	4.8%	5.8%

Shareholding Pattern

Insiders

59.80%

Institutions

17.72%

Public Float

44.08%

Analyst View

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MAHLOG · Industrials