Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 234.43 | 271.10 | 255.92 | 245.30 | 224.80 | 230.03 | 249.11 | 256.31 | 265.19 | 261.50 | 283.50 | 234.85 |
| Expenses | 220.81 | 258.74 | 242.89 | 231.22 | 209.02 | 212.32 | 232.21 | 239.37 | 249.89 | 244.14 | 268.08 | 219.09 |
| Operating Profit | 13.62 | 12.36 | 13.03 | 14.08 | 15.78 | 17.71 | 16.90 | 16.94 | 15.30 | 17.36 | 15.42 | 15.76 |
| OPM % | 5.81% | 4.56% | 5.09% | 5.74% | 7.02% | 7.70% | 6.78% | 6.61% | 5.77% | 6.64% | 5.44% | 6.71% |
| Other Income | 0.49 | 1.72 | 1.88 | 0.99 | 1.77 | 0.03 | 2.74 | 1.29 | 2.69 | 0.69 | 2.22 | 1.12 |
| Interest | 6.24 | 6.93 | 8.30 | 7.51 | 7.55 | 7.78 | 8.24 | 8.24 | 8.19 | 7.91 | 9.07 | 8.03 |
| Depreciation | 2.78 | 2.93 | 3.47 | 3.53 | 3.72 | 3.87 | 4.09 | 3.69 | 3.94 | 4.29 | 4.28 | 4.03 |
| Profit before tax | 5.09 | 4.22 | 3.14 | 4.03 | 6.28 | 6.09 | 7.31 | 6.30 | 5.86 | 5.85 | 4.29 | 4.82 |
| Tax % | 24.95% | 34.83% | -8.28% | 6.20% | 27.87% | 50.74% | 14.36% | 30.48% | 33.11% | 28.72% | 9.56% | 32.57% |
| Net Profit | 3.82 | 2.74 | 3.41 | 3.77 | 4.53 | 3.01 | 6.26 | 4.38 | 3.91 | 4.18 | 3.88 | 3.25 |
| EPS in Rs | 1.29 | 0.93 | 1.15 | 1.27 | 1.53 | 1.02 | 2.12 | 1.48 | 1.32 | 1.41 | 1.31 | 1.10 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 601 | 736 | 867 | 1,035 | 756 | 668 | 1,033 | 1,142 | 1,027 | 949 | 1,066 | 1,045 |
| Expenses | 577 | 708 | 832 | 989 | 705 | 625 | 981 | 1,092 | 978 | 884 | 1,001 | 981 |
| Operating Profit | 23 | 28 | 35 | 45 | 51 | 43 | 52 | 51 | 49 | 65 | 65 | 64 |
| OPM % | 3.9% | 3.8% | 4.1% | 4.4% | 7% | 6% | 5% | 4.4% | 4.8% | 7% | 6% | 6% |
| Other Income | 0 | 2 | 3 | 4 | 2 | 2 | 3 | 2 | 6 | 5 | 7 | 7 |
| Interest | 11 | 9 | 13 | 18 | 22 | 20 | 19 | 23 | 26 | 31 | 33 | 33 |
| Depreciation | 2 | 5 | 7 | 8 | 12 | 13 | 12 | 12 | 12 | 15 | 16 | 17 |
| Profit before tax | 10 | 16 | 18 | 23 | 20 | 13 | 24 | 18 | 17 | 24 | 22 | 21 |
| Tax % | 30% | 38% | 35% | 35% | 27% | 27% | 28% | 25% | 24% | 26% | 27% | |
| Net Profit | 7 | 10 | 12 | 15 | 15 | 9 | 17 | 14 | 13 | 18 | 16 | 15 |
| EPS in Rs | 6.77 | 3.28 | 3.94 | 5.09 | 4.97 | 3.14 | 5.79 | 4.62 | 4.40 | 5.93 | 5.52 | 5.14 |
| Dividend Payout % | 0% | 0% | 13% | 12% | 0% | 16% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 10% | -2% | 9% | ||
| Compounded Profit Growth | 6% | 10% | 3% | -16% | ||
| Stock Price CAGR | % | -6% | -4% | 27% | ||
| Return on Equity | 10% | 9% | 8% | 7% |
| 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 | 5 | 5 | 15 | 15 | 15 | 15 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves | 42 | 54 | 77 | 88 | 102 | 115 | 109 | 125 | 137 | 151 | 169 | 185 |
| Borrowings | 35 | 53 | 74 | 130 | 142 | 147 | 141 | 177 | 207 | 239 | 252 | 261 |
| Other Liabilities | 84 | 105 | 176 | 107 | 116 | 86 | 88 | 99 | 101 | 113 | 138 | 147 |
| Total Liabilities | 167 | 218 | 342 | 340 | 374 | 363 | 368 | 430 | 475 | 533 | 587 | 622 |
| Fixed Assets | 12 | 17 | 33 | 64 | 73 | 117 | 109 | 110 | 107 | 147 | 150 | 164 |
| CWIP | 0 | 2 | 0 | 5 | 38 | 1 | 5 | 15 | 37 | 17 | 19 | 0 |
| Investments | 0 | 0 | 0 | 0 | 3 | 2 | 2 | 2 | 5 | 6 | 6 | 6 |
| Other Assets | 155 | 199 | 309 | 271 | 260 | 243 | 252 | 303 | 326 | 363 | 412 | 452 |
| Total Assets | 167 | 218 | 342 | 340 | 374 | 363 | 368 | 430 | 475 | 533 | 587 | 622 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13 | -3 | -29 | 2 | 64 | 30 | 49 | 9 | 38 | 1 | 57 | 16 |
| Cash from Investing Activity | -1 | -6 | -18 | -41 | -52 | -18 | -6 | -35 | -30 | -29 | -18 | -7 |
| Cash from Financing Activity | -12 | 15 | 39 | 45 | -10 | -13 | -28 | 15 | -8 | 13 | -19 | -24 |
| Net Cash Flow | 1 | 5 | -8 | 6 | 2 | -2 | 14 | -11 | 0 | -15 | 21 | -15 |
| Free Cash Flow | 11 | -10 | -48 | -41 | 15 | 10 | 42 | -27 | 7 | -30 | 37 | 5 |
| CFO/OP | 95% | 9% | -71% | 28% | 154% | 66% | 119% | 32% | 83% | 8% | 96% | 39% |
| 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 | 90 | 84 | 109 | 68 | 44 | 57 | 65 | 47 | 45 | 51 | 58 | 62 |
| Inventory Days | 6 | 14 | 29 | 38 | 33 | 46 | 61 | 40 | 43 | 59 | 72 | 72 |
| Days Payable | 83 | 98 | 132 | 54 | 60 | 50 | 52 | 35 | 32 | 39 | 54 | 49 |
| Cash Conversion Cycle | 13 | 0 | 7 | 51 | 16 | 53 | 73 | 52 | 56 | 71 | 75 | 85 |
| Working Capital Days | 22 | 22 | 31 | 32 | 7 | 29 | 41 | 30 | 25 | 31 | 19 | 24 |
| ROCE % | 20% | 24% | 18% | 16% | 17% | 16% | 12% | 14% | 11% | 11% | 13% | 12% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 57.37% | 57.36% | 57.13% | 57.11% | 57.11% | 57.11% | 57.14% | 57.14% | 56.58% | 56.58% | 57.15% | 57.32% |
| Public | 41.40% | 41.41% | 41.63% | 41.65% | 41.66% | 41.66% | 41.63% | 41.63% | 41.63% | 41.63% | 40.98% | 40.81% |
| Others | 0.00% | 0.00% | 0.00% | 0.00% | 1.23% | 1.23% | 1.23% | 1.23% | 1.79% | 1.79% | 1.87% | 1.87% |
| No. of Shareholders | 12,757 | 13,452 | 13,126 | 12,830 | 13,274 | 13,391 | 12,959 | 12,780 | 12,452 | 12,100 | 11,836 | 10,768 |
Fundamentals
Market Cap₹ 218 Cr.
Current Price₹ 73.5
Stock P/E14.3
Book Value₹ 72.6
ROCE12.0 %
ROE7.26 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-16%
Standalone figures.
Valuation
Market capRs 207 Cr
Enterprise valueRs 461 Cr
P/E (TTM)13.60x
Price to book0.96x
Price to sales0.20x
EV / EBITDA6.53x
EV / EBIT8.53x
EV / sales0.44x
Price to cash flow13.03x
Earnings yield7.35%
P/E, 3-year average10.40x
P/B, 3-year average0.81x
P/E, 5-year average13.29x
P/B, 5-year average1.17x
Profitability
Operating margin (excl. other income)7.08%
Operating margin (incl. other income)7.73%
EBITDA margin6.75%
Pre-tax margin1.99%
Net profit margin1.46%
Net margin, latest quarter1.38%
ROE7.92%
ROCE12.04%
ROA2.70%
ROE, 3-year average8.23%
ROCE, 3-year average11.84%
ROA, 3-year average2.81%
ROE, 5-year average8.98%
ROCE, 5-year average12.18%
ROA, 5-year average3.15%
ROIC (approx.)8.45%
Tax rate26.73%
Other income / net worth3.21%
Growth
Sales growth (latest year)12.42%
Profit growth (latest year)-6.89%
Sales CAGR, 3 years-2.27%
Sales CAGR, 5 years9.82%
Profit CAGR, 3 years6.15%
Profit CAGR, 5 years11.99%
Sales growth QoQ-17.16%
Profit growth QoQ-16.24%
Sales growth YoY (latest quarter)-8.37%
Profit growth YoY (latest quarter)-25.80%
Per share
EPS (TTM)Rs 5.14
EPS (latest year)Rs 5.52
EPS (latest quarter)Rs 1.10
EPS, 3-year averageRs 5.29
EPS, 5-year averageRs 5.25
Book value per shareRs 72.58
Sales per shareRs 353.09
Cash flow per shareRs 5.37
Free cash flow per shareRs 1.69
Efficiency
Asset turnover1.71x
Fixed asset turnover6.49x
Inventory turnover5.07x
Inventory days72 days
Debtor days62 days
Debtors turnover5.84x
Creditor days49 days
Cash conversion cycle85 days
Working capital days24 days
Leverage
Total debtRs 261 Cr
Cash and bankRs 7 Cr
Net debtRs 254 Cr
Debt to equity1.21x
Net debt / EBITDA3.59x
Interest coverage1.63x
Owners' fund to total sources34.52%
Debt to assets41.89%
Cash flow
Cash from Operating Activity (latest year)Rs 16 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs -24 Cr
Net Cash Flow (latest year)Rs -15 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years1.55x
Sales to cash flow67.12x
Statement figures
Net sales (TTM)Rs 1,045 Cr
Net sales (latest year)Rs 1,066 Cr
Sales (latest quarter)Rs 235 Cr
Operating profit excl. other income (latest year)Rs 76 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 71 Cr
PBDT (TTM)Rs 37 Cr
Profit before tax (TTM)Rs 21 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 15 Cr
Net profit (latest year)Rs 16 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 33 Cr
Cost of goods sold (latest year)Rs 850 Cr
Total expenditure (latest year)Rs 991 Cr
Total income (latest year)Rs 1,073 Cr
Share capitalRs 30 Cr
ReservesRs 185 Cr
Shareholders' fundsRs 215 Cr
Total assetsRs 622 Cr
Net blockRs 164 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 6 Cr
ReceivablesRs 183 Cr
InventoryRs 168 Cr
Other liabilitiesRs 147 Cr
Shares outstanding (crore)2.96
Ownership
Promoter holding57.32% (+0.18 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.6 is at the 26th percentile of its own 9.4-year range
(median 16.9, low 6.5, high 34.3).
P/B 0.96 is at the 13th percentile (median 1.77).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MAHESHWARI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.8% | -2.8% | -1.0 pts |
| 1 month | -1.2% | -6.8% | +5.6 pts |
| 3 months | -4.4% | -7.6% | +3.3 pts |
| 6 months | +61.1% | +0.4% | +60.7 pts |
| 1 year | +19.8% | -9.9% | +29.7 pts |
| 2 years | +4.4% | -13.6% | +18.0 pts |
| 3 years | -16.0% | +14.2% | -30.2 pts |
| 5 years | -31.5% | +27.9% | -59.4 pts |
Red flags
F-score 5 of 8| look | Auditor change Auditor change 2026-05-30: Maheshwari Logistics Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹235 Cr -8.4% vs Jun 2025.
Net profit ₹3 Cr -25.8%.
Against our estimate for Jun 2026: sales -19.4%, profit -27.4% miss. Our estimate for Sep 2026: sales Rs 272 Cr, profit Rs 4 Cr (how).
Activity
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| 3M India Ltd | 35,940 | 81.5 | 50.0 % |
| Godrej Industries Ltd | 35,561 | 29.6 | 8.17 % |
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| Balmer Lawrie & Company Ltd | 2,766 | 9.91 | 14.6 % |
| TTK Healthcare Ltd | 1,460 | 19.1 | 8.04 % |
| Empire Industries Ltd | 631 | 11.2 | 18.0 % |
| Panth Infinity Ltd | 62 | 1.27 | 32.9 % |
| Krypton Industries Ltd | 47 | 16.8 | 11.4 % |
| Galactico Corporate Services Ltd | 36 | 16.6 | 6.24 % |
| Swasti Vinayaka Art & Heritage Corporation Ltd | 29 | 5.96 | 20.4 % |
| Billwin Industries Ltd | 17 | 35.7 | 5.37 % |
| HCKK Ventures Ltd | 12 | -27.3 % | |
| Alexander Stamps & Coin Ltd | 8 | -0.06 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-23 | Annual General Meeting | |
| 2023-09-22 | Annual General Meeting | |
| 2022-09-22 | Annual General Meeting/Dividend - Re 0.50 Per Share | |
| 2021-09-22 | Annual General Meeting/Dividend - Rs 0.50 Per Shaee | |
| 2020-10-13 | Bonus 1:1 | 0.5000 |
| 2019-09-05 | Annual General Meeting/Dividend - Rs 1.20 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Maheshwari Logistics Ltd?
Maheshwari Logistics Ltd (MAHESHWARI) has a market capitalisation of Rs 218 Cr. at the 2026-10-01 close.
What is the P/E ratio of Maheshwari Logistics Ltd?
Maheshwari Logistics Ltd trades at a P/E of 14.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Maheshwari Logistics Ltd's latest quarterly results?
In the Jun 2026 quarter, Maheshwari Logistics Ltd sales was Rs 235 Cr (-8.4% vs Jun 2025) and net profit was Rs 3 Cr.
What is the 52-week high and low of Maheshwari Logistics Ltd?
The 52-week high is Rs 76.81 and the 52-week low is Rs 39.04.