Mahindra Logistics Limited
₹412.65-₹13.60 (-3.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,015 Cr
- P/E
- 86.2x
- EV / EBITDA
- 10.5x
- Revenue
- ₹5,013 Cr
- Net margin
- 1.4%
- ROCE
- 25.9%
Price chart
Technical chartScreen technicals →+13.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.3%
- 3M
- +2.6%
- 6M
- +2.2%
- 1Y
- +13.5%
- 5Y
- -38.5%
52-week range
Day change -₹13.60 (-3.2%) from ₹426 to ₹413 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MAHLOG, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 29.0%
Concerns1
- Low return on equity of 9.2%
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Automobiles & Components
- Shares outstanding
- 9.9 Cr shares
- ISIN
- INE766P01016
- BSE code
- 540768
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,015 Cr
- P/E
- 86.2x
- P/B
- 2.1x
- EV / EBITDA
- 10.5x
- EV / Sales
- 0.7x
- P/S
- 0.7x
- Earnings yield
- 1.2%
- 52-week high
- ₹443.10
- 52-week low
- ₹279.90
Profitability
- Operating margin
- 6.5%
- Net margin
- 1.4%
- EBITDA margin
- 6.8%
- ROE
- 9.2%
- ROCE
- 25.9%
- ROA
- 2.9%
- Dividend payout
- 29.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 15.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,013 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹308 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -29.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹249 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 70.5%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹28.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.4%
Solvency and efficiency
- Current ratio
- 1.62
- Debt / Equity
- 0.69
- Debt / Assets
- 0.22
- Debt / EBITDA
- 1.51
- Interest coverage
- 6.70
- Financial leverage
- 3.15
- CFO / Net profit
- 4.02
- Cash / Market cap
- 42.0%
- Cash per share
- ₹127.75
- Asset turnover
- 2.13
- Fixed asset turnover
- 8.56
- Capital intensity
- 0.12
- Debtor days
- 41 days
- Cash conversion cycle
- 41 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹5,013 Cr |
| Expenses | ₹4,715 Cr |
| Operating profit | ₹298 Cr |
| Other income | ₹11 Cr |
| Interest | ₹54 Cr |
| Depreciation | ₹196 Cr |
| Profit before tax | ₹58 Cr |
| Tax and other | ₹14 Cr |
| Net profit | ₹44 Cr |
Revenue and net profit
Revenue grew 10.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,959 Cr | ₹24 Cr |
| FY2022 | ₹3,631 Cr | ₹24 Cr |
| FY2023 | ₹4,459 Cr | ₹65 Cr |
| FY2024 | ₹4,530 Cr | ₹62 Cr |
| FY2025 | ₹5,013 Cr | ₹44 Cr |
Cash flows
FY2025: ₹382 Cr from operations, ₹156 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹281 Cr | ₹176 Cr |
| FY2022 | ₹204 Cr | ₹54 Cr |
| FY2023 | ₹146 Cr | -₹2 Cr |
| FY2024 | ₹249 Cr | ₹146 Cr |
| FY2025 | ₹382 Cr | ₹156 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,013 Cr+10.7%1Y
- Net profit
- ₹44 Cr-29.0%1Y
- Cash from operations
- ₹382 Cr
- Free cash flow
- ₹156 Cr+6.8%1Y
- Revenue CAGR, 5Y
- 6.8%
- EBITDA CAGR, 5Y
- 13.9%
- Net profit CAGR, 5Y
- 2.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,013 Cr | ₹298 Cr | — | ₹44 Cr | ₹382 Cr | ₹156 Cr | 6.3% | +10.7% | -29.0% |
Monthly returns
Month-by-month returns of MAHLOG across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,318 Cr |
| Equity capital | ₹72 Cr |
| Reserves | ₹627 Cr |
| Borrowings | ₹560 Cr |
| Other liabilities | ₹1,059 Cr |
| Assets | ₹2,318 Cr |
| Fixed assets | ₹592 Cr |
| Capital work in progress | ₹46 Cr |
| Investments | ₹419 Cr |
| Other assets | ₹1,261 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MAHLOG trades at 86.2x earnings against a peer median of 34.8x (a 148% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Mahindra Logistics LimitedMAHLOGthis companyP/E ↑ premium | ₹3,015 Cr | 86.2x | 2.1x | 9.2% | 10.5x |
| Lumax Industries Ltd.LUMAXIND | ₹5,108 Cr | 46.5x | 8.3x | 15.9% | 20.9x |
| Sharda Motor Industries LtdSHARDAMOTR | ₹4,985 Cr | 15.8x | 4.3x | 28.8% | 10.8x |
| TVS Supply Chain Solutions LimitedTVSSCS | ₹4,815 Cr | 152.0x | 1.8x | 4.1% | 12.7x |
| VRL Logistics LimitedVRLLOG | ₹4,355 Cr | 18.6x | 4.0x | 9.4% | 12.9x |
| JTEKT India LimitedJTEKTINDIA | ₹4,103 Cr | 58.6x | 3.6x | 13.0% | 17.4x |
| Rolex Rings LimitedROLEXRINGS | ₹3,341 Cr | 18.6x | 2.9x | 17.4% | 13.3x |
| SUNDARAM-CLAYTON LIMITEDSUNCLAY | ₹2,748 Cr | 31.7x | 1.9x | 8.2% | 19.5x |
| Federal-Mogul Goetze (India) LtdFMGOETZE | ₹2,489 Cr | 13.9x | 1.9x | — | — |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
MAHLOG since 1 January, against earlier years.
Historical volatility
MAHLOG's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 4.0% |
| FY2022 | 5.0% |
| FY2023 | 6.0% |
| FY2024 | 6.0% |
| FY2025 | 6.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,013 Cr |
| Costs | |
| Interest | ₹54 Cr |
| Expenses | ₹4,715 Cr |
| Operating profitOperating Profit | ₹298 Cr |
| Other income and charges | |
| Profit before tax | ₹58 Cr |
| Tax | |
| Net profitNet Profit | ₹44 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,318 Cr |
| Equity capitalEquity Capital | ₹72 Cr |
| Reserves | ₹627 Cr |
| Borrowings | ₹560 Cr |
| Other liabilitiesOther Liabilities | ₹1,059 Cr |
| AssetsTotal Assets | ₹2,318 Cr |
| Fixed assetsFixed Assets | ₹592 Cr |
| Capital work in progressCWIP | ₹46 Cr |
| Investments | ₹419 Cr |
| Other assetsOther Assets | ₹1,261 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹382 Cr |
| Investing cash flowCash from Investing Activity | -₹226 Cr |
| Financing cash flowCash from Financing Activity | -₹127 Cr |
| Change in cashNet Cash Flow | ₹28 Cr |
Learn while you research
Academy chapters picked for Mahindra Logistics Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 86.2, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read