Skip to content
Mahindra Logistic logo

Mahindra Logistic

Mahindra Logistics Ltd

MAHLOG NSE
₹416.55 No trade today
P/E
107.36
View as Markdown
MCP
Close 4 Nov 2026 ₹416.55 +75.50 +22.1% 1Y
Start ₹341.05

Key Fundamentals

MicrocapTransport ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.36%
Debt to Equity
0.55
EPS (TTM)
₹3.88
Book Value
₹121.37
Market Cap
—
P/E (TTM)
107.36
P/B
3.43
ROE
0.32%
Dividend Yield
0.61%
EBITDA
₹394 Cr
52W High
₹450.00
52W Low
₹275.05
Volume
0

Peer Comparison

Services › Logistics & Cargo › Logistics Solution Provider

Mahindra Logistic peer comparison
Container Corporation of India
₹425.1026.08₹32,864 Cr2.420.84%9.81%12.60%₹9,085 Cr₹1,248 Cr
Delhivery
₹418.00331.75₹31,669 Cr3.190.00%−0.21%1.01%₹11,145 Cr₹94 Cr
Shadowfax Technologies
₹279.5074.53₹16,409 Cr8.690.00%10.70%10.30%₹4,608 Cr₹172 Cr
Blue Dart Express
₹4,437.8036.68₹10,508 Cr5.930.57%15.70%15.80%₹6,357 Cr₹286 Cr
Transport Corporation of India
₹864.1014.52₹6,695 Cr2.331.15%19.20%19.40%₹5,026 Cr₹461 Cr
VRL Logistics
₹331.2021.69₹5,356 Cr5.071.69%21.70%18.30%₹3,356 Cr₹268 Cr
TVS Supply Chain Solutions
₹116.6579.90₹5,056 Cr2.530.00%9.70%10.10%₹11,746 Cr₹67 Cr
Mahindra Logistic (this company)
₹416.55107.36₹4,134 Cr3.430.61%0.32%7.36%₹7,378 Cr₹48 Cr
Median 8 companies₹417.2855.61₹8,601 Cr3.310.59%10.26%11.45%₹6,868 Cr₹220 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
40
Weak
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
28
Poor
Solvency, leverage, coverage 9% weight
Momentum
47
Average
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

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

Weaknesses

2
  • Stock is trading at 3.37 times its book value
  • Company has a low return on equity of -5.25% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish0712
OscillatorsBullish072
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
53.49
Neutral
MACD (12,26,9)
2.37
Bullish
SMA (50)
404.75
Bullish
SMA (200)
385.05
Bullish

As of

Analyst Rating

Based on 6 analysts
BUY83%

5 of 6 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
5
83%
HOLD
1
17%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.99%
5Y+16.48%
3Y+10.92%
1Y+14.64%
TTM+16.91%

Net profit

Net profit growth by window
10Y−11.18%
5Y−17.62%
3Y−23.94%
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y−2.88%
3Y+28.75%
1Y−25.95%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.90 pp
5Y+1.28 pp
3Y+0.35 pp
1Y+0.77 pp
TTM+0.97 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,667 Cr
Mar 2018₹3,416 Cr
Mar 2019₹3,851 Cr
Mar 2020₹3,471 Cr
Mar 2021₹3,264 Cr
Mar 2022₹4,141 Cr
Mar 2023₹5,128 Cr
Mar 2024₹5,506 Cr
Mar 2025₹6,105 Cr
Mar 2026₹6,999 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹46.00 Cr
Mar 2018₹65.00 Cr
Mar 2019₹86.00 Cr
Mar 2020₹55.00 Cr
Mar 2021₹29.00 Cr
Mar 2022₹15.00 Cr
Mar 2023₹25.00 Cr
Mar 2024−₹53.00 Cr
Mar 2025−₹30.00 Cr
Mar 2026₹11.00 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹136 Cr +2.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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 7
  • 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

121d ago

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.

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.

Quarterly Results

₹ Cr
MAHLOG quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
2,095
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
1,971
Operating Profit
67
54
52
57
66
66
74
78
76
85
103
112
115
124
OPM %
5%
3.9%
3.7%
3.9%
4.7%
4.4%
4.6%
5%
4.7%
5%
5%
6%
6%
6%
Other Income
6
7
6
3
6
2
6
2
5
3
−2
4
10
8
Interest
18
17
16
17
19
19
22
21
23
22
17
14
14
15
Depreciation
54
52
51
51
55
54
59
58
65
72
72
70
72
77
PBT
1
−8
−10
−9
−2
−5
−1
1
−6
−5
12
32
39
40
Tax %
1556%
89%
71%
29%
214%
93%
531%
671%
62%
55%
52%
30%
29%
28%
Net Profit
−8
−16
−17
−12
−8
−10
−7
−5
−9
−8
6
22
28
29
EPS (₹)
−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
—

Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
MAHLOG profit and loss, annual, ₹ crore
Particulars 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
15.82
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 (₹)
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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—

Balance Sheet

₹ Cr
MAHLOG balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
MAHLOG cash flow, annual, ₹ crore
Particulars 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

Ratios

MAHLOG financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Mahindra Logistic insights

64 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 59.54%
  • Public 16.74%
  • DIIs 13.79%
  • FIIs 5.33%
  • Others 4.60%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Mahindra Logistic

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.
Where is Mahindra Logistics Ltd (MAHLOG) listed?
Mahindra Logistics Ltd trades as MAHLOG on the NSE and under code 540768 on the BSE.
Which sector does Mahindra Logistics Ltd belong to?
Mahindra Logistics Ltd is classified under the Logistics & Cargo sector, in the Logistics Solution Provider industry.
What is the PE ratio of Mahindra Logistics Ltd?
Mahindra Logistics Ltd trades at a PE ratio of 107.36 as of 4 Nov 2026, on earnings per share of ₹3.88, against a book value of ₹121.37 per share.
What is the 52-week high and low of Mahindra Logistics Ltd?
Over the last 52 weeks Mahindra Logistics Ltd has traded between ₹275.05 and ₹450 as of 4 Nov 2026.
Does Mahindra Logistics Ltd pay dividends?
Mahindra Logistics Ltd has a dividend yield of 0.61%.
What is the Return on Equity (ROE) of Mahindra Logistics Ltd?
Mahindra Logistics Ltd reported a return on equity of 0.32%. Its debt-to-equity ratio is 0.55.

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.

Website mahindralogistics.com
CEO Mr. Jignesh Ashok Parikh
Employees 3,854
Listed 10 Nov 2017
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/MAHLOG.md for Mahindra Logistics Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Logistics stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month