Price
Financials
Consolidated, 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 | 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 | 1,311 | 1,345 | 1,394 | 1,354 | 1,455 | 1,521 | 1,492 | 1,548 | 1,600 | 1,795 | 1,679 | 1,888 |
| Operating Profit | 54 | 52 | 57 | 66 | 66 | 74 | 78 | 76 | 85 | 103 | 112 | 115 |
| OPM % | 3.9% | 3.7% | 3.9% | 4.7% | 4.4% | 4.6% | 5.0% | 4.7% | 5% | 5% | 6% | 6% |
| Other Income | 7 | 6 | 3 | 6 | 2 | 6 | 2 | 5 | 3 | -2 | 4 | 10 |
| Interest | 17 | 16 | 17 | 19 | 19 | 22 | 21 | 23 | 22 | 17 | 14 | 14 |
| Depreciation | 52 | 51 | 51 | 55 | 54 | 59 | 58 | 65 | 72 | 72 | 70 | 72 |
| Profit before tax | -8 | -10 | -9 | -2 | -5 | -1 | 1 | -6 | -5 | 12 | 32 | 39 |
| Tax % | 89% | 71% | 29% | 214% | 93% | 531% | 671% | 62% | 55% | 52% | 30% | 29% |
| Net Profit | -16 | -17 | -12 | -8 | -10 | -7 | -5 | -9 | -8 | 6 | 22 | 28 |
| EPS in Rs | -1.61 | -1.76 | -1.30 | -0.94 | -1.08 | -0.91 | -0.68 | -1.09 | -1.04 | 0.33 | 2.03 | 2.56 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 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 | 52 | 76 | 120 | 152 | 158 | 135 | 184 | 260 | 231 | 284 | 379 | 415 |
| OPM % | 2.5% | 2.9% | 3.5% | 3.9% | 4.6% | 4.1% | 4.5% | 5% | 4.2% | 4.7% | 5% | 6% |
| Other Income | 13 | 10 | 6 | 7 | 14 | 14 | 13 | 16 | 20 | 15 | 7 | 15 |
| Interest | 1 | 3 | 4 | 3 | 18 | 20 | 30 | 52 | 68 | 81 | 75 | 66 |
| Depreciation | 8 | 15 | 20 | 22 | 73 | 90 | 142 | 190 | 209 | 226 | 278 | 286 |
| Profit before tax | 56 | 68 | 102 | 133 | 81 | 39 | 26 | 35 | -26 | -8 | 33 | 78 |
| Tax % | 36% | 32% | 36% | 35% | 32% | 26% | 43% | 21% | 97% | 291% | 68% | |
| Net Profit | 36 | 46 | 65 | 86 | 55 | 29 | 15 | 25 | -53 | -30 | 11 | 48 |
| EPS in Rs | 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% | 17% | 15% | 19% | 60% | 82% | 68% | -33% | -50% | 1,083% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 16% | 11% | 17% | ||
| Compounded Profit Growth | -23% | -40% | -54% | 206% | ||
| Stock Price CAGR | % | -9% | 6% | 23% | ||
| Return on Equity | 5% | -2% | -5% | 0% |
| 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 |
| 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 |
| 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 | 27 | -48 | -34 | 12 | 95 | 85 | 294 | 191 | 119 | 227 | 343 | 254 |
| Cash from Investing Activity | -165 | 1 | -3 | 0 | -95 | 36 | -108 | -140 | -310 | -53 | -155 | -316 |
| Cash from Financing Activity | 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% |
| 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% |
| 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 | 58.04% | 58.04% | 58.04% | 58.03% | 58.03% | 58.03% | 57.97% | 57.97% | 59.60% | 59.60% | 59.58% | 59.58% |
| FIIs | 12.08% | 5.92% | 5.77% | 5.51% | 4.95% | 5.02% | 5.22% | 4.79% | 3.86% | 4.40% | 4.82% | 4.09% |
| DIIs | 14.60% | 15.71% | 17.37% | 17.51% | 18.22% | 15.92% | 13.85% | 13.87% | 13.65% | 12.33% | 13.86% | 14.44% |
| Public | 15.27% | 20.31% | 18.80% | 18.94% | 18.81% | 21.03% | 22.96% | 23.38% | 22.89% | 23.68% | 21.74% | 21.90% |
| No. of Shareholders | 73,682 | 80,205 | 80,687 | 78,708 | 78,164 | 80,208 | 80,315 | 79,055 | 80,924 | 79,138 | 75,954 | 75,213 |
Fundamentals
Market Cap₹ 4,229 Cr.
Current Price₹ 426
Stock P/E107
Book Value₹ 118
ROCE7.36 %
ROE0.32 %
Dividend Yield0.59 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)206%
Consolidated figures.
Valuation
Market capRs 4,132 Cr
Enterprise valueRs 4,582 Cr
P/E (TTM)107.37x
Price to book3.52x
Price to sales0.56x
EV / EBITDA10.66x
EV / EBIT31.74x
EV / sales0.62x
Price to cash flow16.29x
Earnings yield0.93%
Dividend yield0.60%
P/E, 3-year average1441.98x
P/B, 3-year average4.07x
P/E, 5-year average573.00x
P/B, 5-year average4.48x
Profitability
Operating margin (excl. other income)5.41%
Operating margin (incl. other income)5.52%
EBITDA margin5.83%
Pre-tax margin1.06%
Net profit margin0.52%
Net margin, latest quarter1.27%
ROE0.28%
ROCE6.91%
ROA0.08%
ROE, 3-year average-5.94%
ROCE, 3-year average5.29%
ROA, 3-year average-1.17%
ROE, 5-year average-1.98%
ROCE, 5-year average5.90%
ROA, 5-year average-0.28%
ROIC (approx.)2.83%
Tax rate68.12%
Other income / net worth0.62%
Growth
Sales growth (latest year)14.65%
Sales CAGR, 3 years10.92%
Sales CAGR, 5 years16.48%
Profit CAGR, 3 years-55.67%
Profit CAGR, 5 years-40.22%
Sales growth QoQ11.80%
Profit growth QoQ25.76%
Sales growth YoY (latest quarter)23.29%
Per share
EPS (TTM)Rs 3.88
EPS (latest year)Rs 0.23
EPS (latest quarter)Rs 2.56
EPS, 3-year averageRs -4.11
EPS, 5-year averageRs -1.25
Book value per shareRs 118.40
Sales per shareRs 743.54
Cash flow per shareRs 25.56
Free cash flow per shareRs 11.89
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 2.50
Dividend per share, 5-year averageRs 2.40
Dividends
Dividend payout1082.97%
Dividend payout, 3-year average1082.97%
Dividend payout, 5-year average411.10%
Efficiency
Asset turnover2.25x
Fixed asset turnover6.10x
Debtor days36 days
Debtors turnover10.15x
Cash conversion cycle36 days
Working capital days-5 days
Leverage
Total debtRs 650 Cr
Cash and bankRs 200 Cr
Net debtRs 450 Cr
Debt to equity0.55x
Net debt / EBITDA1.05x
Interest coverage2.18x
Current ratio (filing 2026-03-31)1.16x
Quick ratio (filing 2026-03-31)1.16x
Trade payables (filing 2026-03-31)Rs 1,119 Cr
Owners' fund to total sources37.84%
Debt to assets20.93%
Cash flow
Cash from Operating Activity (latest year)Rs 254 Cr
Cash from Investing Activity (latest year)Rs -316 Cr
Cash from Financing Activity (latest year)Rs 105 Cr
Net Cash Flow (latest year)Rs 42 Cr
Free cash flow (latest year)Rs 118 Cr
FCFE (approx.: FCF + change in debt)Rs -101 Cr
Sales to cash flow27.60x
Statement figures
Net sales (TTM)Rs 7,378 Cr
Net sales (latest year)Rs 6,999 Cr
Sales (latest quarter)Rs 2,003 Cr
Operating profit excl. other income (latest year)Rs 379 Cr
Operating profit (latest quarter)Rs 115 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 430 Cr
PBDT (TTM)Rs 364 Cr
Profit before tax (TTM)Rs 78 Cr
Tax (latest year)Rs 23 Cr
Net profit (TTM)Rs 38 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 25 Cr
Depreciation (TTM)Rs 286 Cr
Depreciation (latest quarter)Rs 72 Cr
Interest (TTM)Rs 66 Cr
Cost of goods sold (latest year)Rs 6,037 Cr
Total expenditure (latest year)Rs 6,620 Cr
Total income (latest year)Rs 7,007 Cr
Share capitalRs 99 Cr
ReservesRs 1,076 Cr
Shareholders' fundsRs 1,175 Cr
Total assetsRs 3,105 Cr
Net blockRs 1,147 Cr
Capital work in progressRs 24 Cr
InvestmentsRs 125 Cr
ReceivablesRs 690 Cr
Other liabilitiesRs 1,280 Cr
Shares outstanding (crore)9.92
Ownership
Promoter holding59.58% (+1.61 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 107.4 is at the 52th percentile of its own 6.8-year range
(median 104.4, low 26.3, high 304.3).
P/B 3.52 is at the 3th percentile (median 8.02).
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 | MAHLOG | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.9% | -2.8% | +1.9 pts |
| 1 month | +7.5% | -6.8% | +14.3 pts |
| 3 months | +5.5% | -7.6% | +13.1 pts |
| 6 months | +25.1% | +0.4% | +24.7 pts |
| 1 year | +17.0% | -9.9% | +26.9 pts |
| 2 years | -17.7% | -13.6% | -4.2 pts |
| 3 years | +7.4% | +14.2% | -6.8 pts |
| 5 years | -43.1% | +27.9% | -71.0 pts |
14 mutual fund schemes hold about ₹519 Cr.
Over three months 0 bought more and 9 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Multi Cap Fund | 0.35% | 196 | -11% |
| Kotak Infra & Eco Reform Fund | 2.23% | 56 | -3% |
| Kotak Infra & Eco Reform Fund | 2.23% | 54 | -3% |
| Mahindra Manulife Small Cap Fund | 0.88% | 48 | -11% |
| UTI Transportation & Logistics Fund | 0.88% | 38 | -9% |
| Tata Infrastructure Fund | 1.30% | 27 | +3% |
| Tata Infrastructure Fund | 1.30% | 26 | +3% |
| UTI Infrastructure Fund | 1.08% | 23 | -11% |
| Helios Small Cap Fund | 1.12% | 16 | -1% |
| WOC Special Opp Fund | 0.68% | 13 | -12% |
| Mahindra Manulife Value Fund | 1.21% | 12 | -14% |
| Kotak Transportation & Logistics Fund | 1.79% | 10 | -6% |
| Tata Mid Cap Fund | 0.00% | 0 | -100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -5% |
Red flags
F-score 7 of 8| explain | Low interest cover Interest cover 1.4x in 2026 |
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 ₹2,003 Cr +23.3% vs Jun 2025.
Net profit ₹28 Cr +411.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Container Corporation Of India Ltd | 33,778 | 27.2 | 12.6 % |
| Delhivery Ltd | 31,276 | 262 | 1.01 % |
| Shadowfax Technologies Ltd | 16,484 | 95.7 | 10.3 % |
| Blue Dart Express Ltd | 10,859 | 33.5 | 15.8 % |
| Transport Corporation of India Ltd | 6,674 | 14.6 | 19.4 % |
| TVS Supply Chain Solutions Ltd | 5,784 | 81.6 | 10.1 % |
| VRL Logistics Ltd | 4,946 | 18.5 | 18.3 % |
| Afcom Holdings Ltd | 4,248 | 29.0 | 28.0 % |
| Gateway Distriparks Ltd | 2,577 | 10.5 | 10.8 % |
| TCI Express Ltd | 2,046 | 22.4 | 14.6 % |
| Skyways Air Services Ltd | 1,675 | 31.4 | 13.2 % |
| Allcargo Logistics Ltd | 1,580 | 34.4 | 4.83 % |
| Navkar Corporation Ltd | 1,302 | 32.6 | 3.06 % |
| Allcargo Global Ltd | 1,297 | -6.09 % | |
| Reliance Industrial Infrastructure Ltd | 1,023 | 84.3 | 3.01 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-10 | Dividend - Rs 2.50 Per Share | |
| 2025-07-23 | Rights 3:8 @ Premium Rs 267/- | |
| 2025-07-11 | Dividend - Rs 2.50 Per Share | |
| 2024-07-12 | Annual General Meeting/Dividend - Rs 2.50 Per Share | |
| 2023-07-14 | Dividend - Rs 2.50 Per Share | |
| 2022-07-21 | Dividend - Rs 2 Per Sh | |
| 2021-07-19 | Dividend - Rs 2.50 Per Share | |
| 2020-07-23 | Dividend - Rs 1.50 Per Share | |
| 2019-07-23 | Dividend - Rs 1.8 Per Share | |
| 2018-07-25 | Dividend- Rs 1.50 Per Share |
No announcements in our files yet.
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.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Mahindra Logistics Ltd?
Mahindra Logistics Ltd (MAHLOG) has a market capitalisation of Rs 4,229 Cr. at the 2026-10-01 close.
What is the P/E ratio of Mahindra Logistics Ltd?
Mahindra Logistics Ltd trades at a P/E of 107 on trailing twelve-month profit, at the 2026-10-01 close.
What were Mahindra Logistics Ltd's latest quarterly results?
In the Jun 2026 quarter, Mahindra Logistics Ltd sales was Rs 2,003 Cr (+23.3% vs Jun 2025) and net profit was Rs 28 Cr.
What is the 52-week high and low of Mahindra Logistics Ltd?
The 52-week high is Rs 450.00 and the 52-week low is Rs 275.05.