1. India Stocks

  2. •

    Transportation

  3. •

    Air freight/Couriers
Mahindra Logistics Ltd.

Mahindra Logistics Ltd.

369.45
INR
-14.15
(-3.69%)
5.02EPS
91.35P/E
37.10BMarket Cap
Oct 23Next Earn
Mahindra Logistics Ltd.
NSE:MAHLOG
(National Stock Exchange of India)

Recent

price

369.45

P/E

ratio

91.35

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
198.78
226.99
250.26
267.66
351.47
444.4
493.28
443.2
415.9
525.01
649.33
697.54
814.63
777.93
787.54
Revenue per Share
3.17
4.75
5.09
4.74
6.01
8.33
10.97
7.04
3.82
2.23
3.33
-6.93
-4.78
0.25
4.09
Basic EPS, GAAP
5.53
4.99
2.04
-10.81
-7.57
-3.34
7.75
2.93
28.36
10.77
6.13
19.75
21.65
12.74
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1.65
1.98
1.37
2.28
1.83
2.28
2.4
2
- -
Dividend per Share
11.15
16.13
34.34
39.16
45.11
53.83
63.64
69.48
72.33
69.39
71.21
62.39
55.4
118.4
- -
Book Value per Share
10.92
15.97
33.69
38.48
44.39
53.13
62.96
66.56
69.44
65.82
39.95
26.37
21.58
92.38
- -
Tangible Book Value per Share
77
77
77
77
76
77
78
78
78
79
79
79
75
90
93
Basic Weighted Avg Shares
15,321
17,494
19,288
20,629
26,662
34,159
38,512
34,710
32,637
41,307
51,197
55,060
61,048
69,993
73,169
Sales/Revenue/Turnover
2.2
2.76
2.86
2.24
2.39
3.08
3.4
2.5
1.49
1.17
1.54
0.59
1.07
1.75
1.75
Operating Margin (%)
31
32
60
83
146
197
220
734
897
1,417
1,895
2,090
2,263
2,779
- -
Depreciation Expense
244
366
393
365
456
640
856
551
300
176
263
-547
-358
23
380
Net Income, GAAP
32.46
32.56
34.96
35.71
32.03
36.08
35.06
31.7
25.56
42.76
20.61
- -
- -
68.12
39.77
Effective Tax Rate (%)
1.59
2.09
2.04
1.77
1.71
1.87
2.22
1.59
0.92
0.43
0.51
-0.99
-0.59
0.03
0.52
Profit Margin (%)
729
1,018
2,368
2,576
2,365
2,556
3,059
2,505
2,845
1,221
-458
-1,034
257
2,202
- -
Working Capital
- -
- -
1
201
198
181
89
1,220
1,804
2,680
5,319
4,956
7,180
4,643
- -
LT Debt
859
1,243
2,681
3,047
3,525
4,266
5,039
5,501
5,708
5,468
5,603
5,042
4,542
11,993
- -
Total Equity
- -
36.44
19.92
12.12
13.01
15.21
16.76
8.97
3.9
2.68
4.76
- -
- -
1.91
- -
Return on Invested Capital (%)
- -
34.86
20.29
12.55
13.2
15.37
17.38
10.43
5.8
4.03
5.75
- -
- -
1.13
- -
Return on Capital (%)
- -
34.83
20.19
12.9
14.05
16.68
18.66
10.57
5.39
3.15
4.74
-10.39
-7.71
0.28
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,855
- -
LT Borrowings
- -
345
- -
LT Finance Leases
- -
4,298
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
99
99
Market Capitalization
31,401
33,021
37,099

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
16,378
- -
Cash, Cash Equivalents & STI
- -
3,226
- -
Accounts Receivable, Net
- -
6,896
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
14,176
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,855
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.01%
28.47%
164.02%
Free Cash Flow
47.69%
18.44%
-29.37%
Net Income, GAAP
-42.33%
-88.2%
-106.39%
Sales/Revenue/Turnover
13.78%
16.71%
14.65%
Total Cash Common Dividend
- -
- -
0.11%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
14,200
15,211
15,942
15,695
61,048
2026
16,246
- -
18,980
17,914
69,993
2027
20,029
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-1.18
-1.44
-1.21
-0.9
-4.78
2026
-1.44
- -
0.33
2.04
0.25
2027
2.56
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.4
2026
- -
- -
- -
- -
2
2027
- -
- -
- -
- -
- -
Similar Companies
Grab Holdings Limited (NASDAQ:GRAB)
Eternal Limited (NSE:ETERNAL)
United Parcel Service, Inc. (NYSE:UPS)
DoorDash, Inc. (NASDAQ:DASH)
Swiggy Limited (NSE:SWIGGY)
FedEx Corporation (NYSE:FDX)
Business
Mahindra Logistics Limited (MAHLOG.NS), a leading integrated third-party logistics provider and subsidiary of Mahindra & Mahindra Limited, delivers comprehensive supply chain management and enterprise mobility solutions across India and internationally. Founded in 2000 and headquartered in Mumbai, India, the company operates through two primary segments: Supply Chain Management (SCM) and Enterprise Mobility Services, serving diverse industries including automotive, engineering, consumer goods, pharmaceuticals, e-commerce, telecommunications, and commodities with a network spanning China, South Korea, Southeast Asia, Western Europe, the United States, the United Arab Emirates, and the United Kingdom. Its core SCM offerings encompass contract logistics with over 22.1 million square feet of warehousing supported by warehouse management systems (WMS) and automation; transportation services utilizing more than 15,000 trucks per month on an asset-light model including full truckload, milk runs, and temperature-controlled logistics; last-mile delivery and express parcel solutions; freight forwarding for air, ocean imports/exports, customs brokerage, and project cargo; cross-border transportation; inbound-to-manufacturing and finished vehicle logistics for original equipment manufacturers; and value-added services such as repacking, labeling, and real-time tracking via transportation management systems (TMS). Enterprise mobility services, under brands Alyte and Meru, include cab-on-demand, airport transfers, outstation trips, rentals, and B2B express solutions. Recent developments include the formation of a 50:50 joint venture with Japan's Seino Holdings Co. Ltd in 2024 to provide integrated logistics for Japanese automotive and non-automotive customers in India, featuring auto outbound, warehousing, transportation, and technology platforms; a technology collaboration with Sangti Solutions announced in 2024 to deliver low-carbon logistics solutions aimed at reducing Scope 3 emissions; the launch of eDeL-EAR, a digital platform for real-time carbon footprint visualization and green logistics ecosystem expansion encompassing sustainable last-mile deliveries and eco-friendly warehouses; a partnership with L'Oreal India in November 2025 to operate India's first all-women last-mile delivery fleet; and ongoing investments in technology incubation through its Catapult program with Indian startups to co-create innovative supply chain tools, alongside green initiatives like solar power and rainwater harvesting in facilities.