1. Indonesia Stocks

  2. •

    Energy minerals

  3. •

    Coal
PT Mandiri Herindo Adiperkasa Tbk

PT Mandiri Herindo Adiperkasa Tbk

IIDX:MAHA
133.00
IDR
+2.00
(+1.53%)
18.30EPS
6.96P/E
2.13TMarket Cap
PT Mandiri Herindo Adiperkasa Tbk
IDX:MAHA
(Indonesia Stock Exchange)

Recent

price

133.00

P/E

ratio

6.96

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
IDR
59.85
79.17
98.52
138.93
152.76
178.11
191.47
Revenue per Share
8.15
18.71
30.1
18.82
17.82
14.78
18.67
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
3
4.8
6
7.02
12.01
11.99
- -
Dividend per Share
30.22
44.1
68.22
107.48
112.74
115.18
111.87
Book Value per Share
30.2
44.08
68.19
107.46
112.71
115.17
111.86
Tangible Book Value per Share
16,666
16,666
16,666
14,236
16,654
16,407
16,398
Basic Weighted Avg Shares
997,535
1,319,398
1,641,927
1,977,730
2,544,018
2,922,315
3,139,804
Sales/Revenue/Turnover
19.23
18.62
20.52
20.03
14.69
15.34
13.2
Operating Margin (%)
1,293
2,451
1,631
5,428
6,608
8,548
9,923
Depreciation Expense
135,784
311,779
501,621
267,946
296,717
242,527
306,217
Net Income, GAAP
23.77
15.09
13.13
24.37
22.08
29.86
23.04
Effective Tax Rate (%)
13.61
23.63
30.55
13.55
11.66
8.3
9.75
Profit Margin (%)
53,096
96,986
135,792
458,227
278,623
402,696
422,657
Working Capital
39,750
70,910
63,081
218,145
170,758
332,549
294,456
LT Debt
503,637
734,912
1,137,020
1,807,511
1,875,176
1,902,859
1,845,897
Total Equity
- -
42.27
33.56
20.16
14.66
14.14
14.7
Return on Invested Capital (%)
- -
43.03
48.14
16.9
14.7
11.76
14.85
Return on Capital (%)
- -
50.35
53.59
18.3
16.24
12.93
16.61
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
279,886
260,342
264,288
LT Borrowings
64
38,349
35,833
LT Finance Leases
332,485
278,119
258,623
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16,395
16,395
16,395
Market Capitalization
2,819,935
2,410,061
2,131,346

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,109,891
1,122,845
1,055,810
Cash, Cash Equivalents & STI
566,227
628,760
270,881
Accounts Receivable, Net
450,856
408,612
706,991
Inventories
80,203
75,604
68,717
Total Current Liabilities
707,194
645,515
633,153
Payables & Accruals
- -
- -
- -
ST Debt
279,886
260,342
264,288
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
32.97%
1.48%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
27.28%
-18.26%
Sales/Revenue/Turnover
- -
24.13%
14.87%
Total Cash Common Dividend
- -
- -
-1.63%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
622,679
614,270
634,166
672,902
2,544,018
2025
641,036
590,335
- -
897,806
2,922,315
2026
724,486
927,177
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.39
1.68
7.14
4.6
17.82
2025
0.67
0.11
- -
9.89
14.78
2026
5.3
3.36
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12.01
2025
- -
- -
- -
- -
11.99
2026
- -
- -
- -
- -
- -
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Business
PT Mandiri Herindo Adiperkasa Tbk, also known as Mandiri Services, delivers extensive mineral and coal transportation and mining support within Indonesia. The company operates a specialized fleet comprising various trailer configurations and dump trucks to facilitate efficient coal hauling services. Recognized as a prominent provider in its field, the firm strategically operates across key regions including East, North, and Central Kalimantan, supported by dedicated infrastructure like workshops and training centers. Established in 1994 and headquartered in Jakarta, the company further solidified its market presence through its public listing on the Indonesia Stock Exchange in 2023. Since becoming a publicly traded entity, it has achieved substantial growth, surpassing coal production targets, and remains committed to sustainable operational practices.