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]
Service Portfolioa) Contract Logistics:Managing 22.1 Mn+ sq. ft. of warehousing with automation, the company operates 15,000+ trucks/month under an asset-light model. It offers value-added services like repacking and labeling, with WMS & TMS for real-time tracking.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Container Corpn. | 529.95 | 30.80 | 40361.94 | 1.74 | 379.98 | -3.01 | 2354.53 | 2.92 | 13.87 | 9004.30 | 21.26 | 1310.42 | 378.70 | 3.16 | 9.18 | 0.07 |
| 2. | Delhivery | 414.25 | 224.21 | 30989.87 | 0.00 | -50.50 | -593.92 | 2559.32 | 16.88 | 2.47 | 9423.19 | 4.55 | 138.22 | -50.38 | 3.25 | 1.20 | 0.17 |
| 3. | Blue Dart Expres | 5558.50 | 49.52 | 13190.32 | 0.45 | 81.38 | 29.50 | 1549.33 | 6.96 | 16.33 | 5920.26 | 15.20 | 266.37 | 81.38 | 8.08 | 6.65 | 0.66 |
| 4. | Transport Corp. | 1064.40 | 18.81 | 8166.82 | 0.75 | 113.50 | 5.83 | 1204.90 | 7.50 | 20.52 | 4670.10 | 10.45 | 434.20 | 112.60 | 3.41 | 15.72 | 0.11 |
| 5. | TVS Supply | 111.59 | 41.48 | 4923.13 | 0.00 | 16.31 | 67.63 | 2662.63 | 5.96 | 4.83 | 10198.39 | 6.66 | 118.68 | 15.64 | 2.52 | -0.16 | 1.14 |
| 6. | VRL Logistics | 264.30 | 19.79 | 4623.58 | 2.84 | 49.89 | 39.28 | 796.96 | -0.32 | 15.73 | 3175.55 | 20.65 | 233.60 | 49.89 | 4.22 | 7.38 | 1.01 |
| 7. | Mahindra Logis. | 315.05 | 89.35 | 3124.69 | 0.79 | 3.79 | -55.62 | 1366.91 | 10.60 | 9.40 | 5332.71 | 5.95 | 34.97 | 3.79 | 2.17 | 1.96 | 0.39 |
| – | Median: 48 Co. | 135.15 | 24.81 | 439.98 | 0.0 | 4.96 | 11.78 | 139.62 | 8.13 | 14.91 | 383.43 | 8.25 | 13.02 | 5.18 | 2.34 | 7.19 | 0.32 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,140.04 | 1,160.08 | 1,326.85 | 1,050.92 | 1,156.66 | 1,345.82 | 1,054.51 | 1,183.27 | 1,293.13 | 1,195.40 | 1,135.63 | 1,235.92 | 1,366.91 |
Expenses | 1,071.24 | 1,088.82 | 1,249.93 | 967.66 | 1,085.11 | 1,267.09 | 974.93 | 1,119.35 | 1,213.43 | 1,131.07 | 1,061.68 | 1,166.85 | 1,284.75 |
Operating Profit | 68.80 | 71.26 | 76.92 | 83.26 | 71.55 | 78.73 | 79.58 | 63.92 | 79.70 | 64.33 | 73.95 | 69.07 | 82.16 |
Other Income | 7.84 | 1.78 | 4.41 | 5.10 | 3.96 | 1.96 | 2.96 | 2.03 | 1.43 | 2.04 | 5.90 | 1.50 | 2.50 |
Profit before tax | 21.72 | 18.85 | 15.37 | 31.07 | 13.74 | 8.68 | 24.76 | 10.03 | 17.46 | 15.11 | 25.60 | 11.61 | 5.12 |
Tax % | 22.47% | 33.63% | 24.40% | 26.07% | 25.62% | 25.81% | 9.57% | 21.64% | 24.86% | 25.61% | 27.19% | 26.44% | 25.98% |
Net Profit | 16.84 | 12.51 | 11.62 | 22.97 | 10.22 | 6.44 | 22.39 | 7.86 | 13.12 | 11.24 | 18.64 | 8.54 | 3.79 |
EPS in Rs | 1.70 | 1.26 | 1.17 | 2.32 | 1.03 | 0.65 | 2.26 | 0.79 | 1.32 | 1.14 | 1.88 | 0.86 | 0.38 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,883 | 1,995 | 2,589 | 3,220 | 3,666 | 3,261 | 2,959 | 3,631 | 4,459 | 4,530 | 5,013 | 5,333 |
Expenses | 1,824 | 1,944 | 2,521 | 3,114 | 3,527 | 3,113 | 2,838 | 3,451 | 4,182 | 4,235 | 4,715 | 5,015 |
Operating Profit | 59 | 51 | 68 | 106 | 138 | 148 | 121 | 180 | 277 | 295 | 298 | 318 |
Other Income | 8 | 13 | 9 | 5 | 7 | 13 | 11 | 9 | 15 | 13 | 11 | 10 |
Interest | 0 | 0 | 0 | 0 | 0 | 14 | 17 | 26 | 41 | 44 | 54 | 62 |
Depreciation | 6 | 6 | 9 | 13 | 15 | 66 | 83 | 130 | 169 | 178 | 196 | 220 |
Profit before tax | 61 | 57 | 68 | 97 | 130 | 81 | 33 | 33 | 80 | 86 | 58 | 47 |
Net Profit | 40 | 37 | 45 | 62 | 84 | 55 | 24 | 24 | 65 | 62 | 44 | 35 |
EPS in Rs | 4.94 | 4.57 | 4.79 | 6.36 | 8.60 | 5.60 | 2.44 | 2.47 | 6.52 | 6.26 | 4.39 | 3.52 |
Dividend Payout % | 0% | 0% | 0% | 17% | 15% | 19% | 75% | 59% | 28% | 29% | 41% | – |
Standalone figures in ₹ crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 60 | 60 | 68 | 71 | 71 | 72 | 72 | 72 | 72 | 72 | 72 | 99 |
Reserves | 206 | 244 | 281 | 348 | 427 | 474 | 494 | 503 | 556 | 603 | 627 | 1,339 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 165 | 240 | 361 | 555 | 464 | 560 | 562 |
Other Liabilities | 237 | 250 | 420 | 493 | 622 | 620 | 782 | 913 | 976 | 989 | 1,059 | 1,061 |
Total Liabilities | 502 | 553 | 769 | 912 | 1,121 | 1,330 | 1,587 | 1,849 | 2,159 | 2,128 | 2,318 | 3,061 |
Fixed Assets | 20 | 21 | 28 | 31 | 44 | 210 | 346 | 474 | 551 | 529 | 592 | 788 |
Gross Block | 39.22 | 45.97 | 60.55 | 75.54 | 100.11 | 323.57 | 520.10 | 754.53 | 903.64 | 962.14 | 1,148.39 | – |
Accumulated Depreciation | 19.12 | 24.79 | 32.60 | 44.46 | 56.49 | 113.67 | 174.31 | 280.81 | 352.64 | 433.29 | 556.06 | – |
CWIP | 0 | 0 | 1 | 1 | 3 | 15 | 3 | 14 | 4 | 0 | 46 | 4 |
Investments | 121 | 78 | 70 | 63 | 99 | 21 | 76 | 137 | 260 | 332 | 419 | 690 |
Other Assets | 362 | 453 | 670 | 818 | 976 | 1,084 | 1,161 | 1,224 | 1,344 | 1,267 | 1,261 | 1,579 |
Total Assets | 502 | 553 | 769 | 912 | 1,121 | 1,330 | 1,587 | 1,849 | 2,159 | 2,128 | 2,318 | 3,061 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 32 | -53 | -34 | 2 | 92 | 80 | 281 | 204 | 146 | 249 | 382 |
Cash from Investing Activity | -173 | 28 | 1 | 8 | -92 | 35 | -105 | -150 | -148 | -103 | -226 |
Cash from Financing Activity | 101 | -0 | -0 | 6 | -10 | -71 | -77 | -121 | -14 | -245 | -127 |
Net Cash Flow | -40 | -25 | -33 | 16 | -11 | 44 | 98 | -66 | -16 | -99 | 28 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 43 | 56 | 55 | 48 | 53 | 50 | 41 | 37 | 41 | 34 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 36 | 43 | 56 | 55 | 48 | 53 | 50 | 41 | 37 | 41 | 34 |
Working Capital Days | 3 | 15 | 18 | 16 | 16 | 17 | 3 | -9 | -20 | -13 | -9 |
ROCE % | – | 20% | 21% | 25% | 29% | 16% | 7% | 7% | 11% | 11% | 9% |
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Stock Analysis
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.
Service Portfolio: a) Contract Logistics: Managing 22.1 Mn+ sq. ft. of warehousing with automation, the company operates 15,000+ trucks/month under an asset-light model. It offers value-added services like repacking and labeling, with WMS & TMS for real-time tracking.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
• Q3FY26 Earnings Conference Call: January 28, 2026
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