Mahindra Logistics Ltd logo

Mahindra Logistics Ltd

MAHLOG NSE

Key Fundamentals

MicrocapLogistics Solution ProviderLogistics & Cargo
Market Cap
₹3,984 Cr
Volatility
Moderate
P/E Ratio
102.94
EBITDA
₹394 Cr
Return on Equity
0.88%
Debt to Equity
0.55
Book Value
₹118.34
EPS
₹0
52W High
₹450
52W Low
₹275.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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45 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 333%

Weaknesses

2
  • Stock is trading at 3.38 times its book value
  • Company has a low return on equity of -5.25% over last 3 years.

Growth Rate

Revenue Growth
14.63% ↗
Net Income Growth
-135.33% ↘
Cash Flow Change
-26.10% ↘
ROE
-113.33% ↘
ROCE
5.09% ↘
EBITDA Margin (Avg.)
14.49% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 50d ago
AI opinion · based on fundamentals
Risk high

Mahindra Logistics Ltd has a market cap of ₹3,897 Cr with a PE of 369.4x, reflecting a company that has returned to marginal profitability after several loss-making years. Revenue has compounded at 13% over 10 years and 15% TTM, but compounded profit has declined at -23% over 10 years and -40% over 5 years, indicating persistent earnings challenges despite topline growth.

Bull Case 7
  • TTM revenue growth of 15% shows accelerating topline momentum above the 3-year CAGR of 11%
  • TTM profit growth of 106% indicates a sharp recovery from prior losses, suggesting an earnings inflection point
  • Company has reduced debt levels, improving balance sheet health and financial flexibility
  • 10-year compounded sales CAGR of 13% demonstrates consistent long-term revenue scaling in the logistics sector
  • Dividend payout ratio of 333% signals management commitment to returning capital to shareholders despite earnings volatility
  • Stock has delivered 22% returns over 1 year, reflecting improving market sentiment around the recovery thesis
  • Dividend yield of 0.63% provides some income cushion in a sector where many peers pay no dividends
Bear Case 8
  • PE ratio of 369.4x is extremely elevated, leaving minimal margin of safety if earnings recovery stalls
  • 3-year ROE of -5% and last year ROE of 0% indicate the company has struggled to generate meaningful returns on shareholder equity
  • Compounded profit CAGR of -40% over 5 years and -54% over 3 years shows sustained earnings destruction
  • Stock trades at 3.34x book value despite negative-to-zero ROE, suggesting valuation is disconnected from fundamentals
  • Low interest coverage ratio indicates debt servicing remains a strain on operating profits
  • 5-year stock CAGR of -6% means long-term shareholders have lost capital over a half-decade holding period
  • 10-year compounded profit CAGR of -23% reveals a structural inability to convert revenue growth into sustainable earnings
  • 5-year ROE of -2% confirms that the profitability problem is not a one-off but a multi-year trend

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 50d ago
Positives 1
  • ₹2.50 final dividend recommended Jun 17

    Board recommended a final dividend of ₹2.50 per share for FY 2025-26, to be approved at the 19th AGM on July 20, 2026.

Neutral 3
  • Internal auditor term concludes Jun 30

    K N Vaidyanathan ceased as Internal Auditor on June 30, 2026, following completion of his term at Mahindra and Mahindra Limited.

  • BRSR filed for FY 2025-26 Jun 23

    Mahindra Logistics filed its Business Responsibility and Sustainability Report for FY 2025-26, detailing ESG performance including carbon neutrality goals and employee welfare metrics.

  • 19th AGM scheduled July 20 Jun 17

    Mahindra Logistics will hold its 19th AGM via video conference on July 20, 2026.

TL;DR: Recent newsflow for Mahindra Logistics is largely routine and governance-related, with no material headwinds emerging. The ₹2.50 per share dividend signals continued shareholder returns. The auditor transition and ESG reporting are standard compliance events. With no operational or earnings updates in recent weeks, the near-term outlook depends on broader sector demand and upcoming AGM disclosures.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,293
1,365
1,397
1,451
1,420
1,521
1,594
1,570
1,625
1,685
1,898
1,791
2,003
Expenses
1,227
1,311
1,345
1,394
1,354
1,455
1,521
1,492
1,548
1,600
1,795
1,679
1,888
Operating Profit
67
54
52
57
66
66
74
78
76
85
103
112
115
OPM %
5%
3.9%
3.7%
3.9%
4.7%
4.4%
4.6%
5%
4.7%
5%
5%
6%
6%
Other Income
6
7
6
3
6
2
6
2
5
3
-2
4
10
Interest
18
17
16
17
19
19
22
21
23
22
17
14
14
Depreciation
54
52
51
51
55
54
59
58
65
72
72
70
72
PBT
1
-8
-10
-9
-2
-5
-1
1
-6
-5
12
32
39
Tax %
1556%
89%
71%
29%
214%
93%
531%
671%
62%
55%
52%
30%
29%
Net Profit
-8
-16
-17
-12
-8
-10
-7
-5
-9
-8
6
22
28
EPS in Rs
-0.86
-1.61
-1.76
-1.3
-0.94
-1.08
-0.91
-0.68
-1.09
-1.04
0.33
2.03
2.56
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
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
Expenses
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%
2.5%
2.9%
3.5%
3.9%
4.6%
4.1%
4.5%
5%
4.2%
4.7%
5%
6%
Other Income
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
PBT
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%
—
Net Profit
39
36
46
65
86
55
29
15
25
-53
-30
11
48
EPS in Rs
4.71
4.4
4.88
6.54
8.72
5.6
3.05
1.78
2.65
-5.53
-3.61
0.23
3.88
Div. Payout %
0%
0%
0%
17%
15%
19%
60%
82%
68%
-33%
-50%
1083%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
4
28
34
26
38
201
269
402
834
739
869
650
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
27
-48
-34
12
95
85
294
191
119
227
343
254
Investing
-165
1
-3
0
-95
36
-108
-140
-310
-53
-155
-316
Financing
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
38
43
56
56
49
56
54
43
46
47
37
36
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%

Shareholding Pattern

As of Jun 2026
Promoters 59.58%
Public 17.25%
DIIs 14.43%
Others 4.65%
FIIs 4.10%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Aug 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
58.34%
58.31%
58.25%
58.18%
58.18%
58.12%
58.11%
58.10%
58.09%
58.04%
58.04%
58.04%
58.04%
58.03%
58.03%
58.03%
57.97%
57.97%
59.60%
59.60%
59.60%
59.58%
59.58%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.77%
5.51%
4.94%
5.01%
5.21%
4.80%
3.88%
3.86%
4.40%
4.82%
4.10%
DIIs
11.59%
11.19%
10.78%
11.00%
11.98%
13.26%
15.27%
15.48%
18.65%
16.73%
14.39%
15.42%
17.39%
17.51%
18.21%
15.92%
13.86%
13.86%
13.65%
13.65%
12.33%
13.86%
14.43%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.56%
7.87%
7.67%
7.68%
7.73%
6.88%
8.68%
9.10%
9.77%
11.38%
13.28%
17.11%
15.84%
16.04%
15.93%
17.69%
19.01%
19.52%
17.71%
18.60%
19.02%
17.35%
17.25%
Others
22.51%
22.64%
23.30%
23.14%
22.11%
21.74%
17.93%
17.31%
13.48%
13.85%
14.29%
9.43%
2.96%
2.91%
2.89%
3.34%
3.95%
3.85%
5.16%
4.29%
4.65%
4.39%
4.65%
No. of Shareholders
48,581
53,139
55,460
52,392
59,138
58,280
64,642
65,018
66,347
71,064
73,682
80,205
80,687
78,708
78,164
80,208
80,315
79,055
80,849
80,924
79,138
75,954
75,213

Documents

Frequently Asked Questions about Mahindra Logistics Ltd

What does Mahindra Logistics Ltd do?
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]
Where is Mahindra Logistics Ltd (MAHLOG) listed?
Mahindra Logistics Ltd is listed on the Indian stock exchanges. It is listed on NSE: MAHLOG and BSE: 540768. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Mahindra Logistics Ltd belong to?
Mahindra Logistics Ltd operates in the Logistics & Cargo sector within the Logistics Solution Provider industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Mahindra Logistics Ltd?
Mahindra Logistics Ltd has a market capitalisation of approximately ₹3984.28 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Mahindra Logistics Ltd?
The Price-to-Earnings (PE) ratio of Mahindra Logistics Ltd is 102.94. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Mahindra Logistics Ltd?
Over the past 52 weeks, Mahindra Logistics Ltd has traded between a low of ₹275.05 and a high of ₹450. This range helps investors understand the stock's price volatility and recent trading levels.
Does Mahindra Logistics Ltd pay dividends?
Yes, Mahindra Logistics Ltd has a dividend yield of 0.63%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Mahindra Logistics Ltd?
Mahindra Logistics Ltd has a Return on Equity (ROE) of 0.88%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Mahindra Logistics Ltd on Tapetide?
On Tapetide, you can view Mahindra Logistics Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website mahindralogistics.com
CEO Mr. Jignesh Ashok Parikh
Employees 3,854
Listed 2017-11-10
Face Value ₹ 10
Issued Size 9,91,80,771

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