Mahindra Logistics Limited

NSE: MAHLOG · Logistics Solution Provider

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Snapshot

Unlock Mahindra Logistics Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mahindra Logistics Limited is an integrated third-party logistics service provider offering supply chain management and enterprise mobility solutions. The company serves a diverse range of industries including automotive, e-commerce, pharmaceuticals, and technology through end-to-end transportation, warehousing, and distribution services.

Business Model

The company generates revenue through two primary segments: Supply Chain Management, which provides customized logistics and distribution, and Enterprise Mobility Services, which offers technology-enabled people transportation. It leverages a network of assets and technology-driven control towers to provide value-added services such as last-mile delivery, freight forwarding, and electric vehicle logistics.

  • Founded:2000
  • Parent Company:Mahindra & Mahindra Limited

Growth Outlook

Growth is driven by the expansion of electric cargo delivery services, micro-fulfillment capabilities, and the increasing demand for integrated logistics solutions across the e-commerce and manufacturing sectors. The company continues to focus on technology-led route optimization and the scaling of its enterprise mobility offerings.

Key Risks

  • Dependence on Automotive Sector. A significant portion of the company's business is linked to the automotive industry, making it vulnerable to cyclical downturns in vehicle production and sales.
  • Fuel Price Volatility. Fluctuations in fuel prices directly impact operating margins as transportation costs constitute a major component of the company's expenditure.
  • Intense Market Competition. The Indian logistics sector is highly fragmented and competitive, which may exert pressure on pricing and service margins.
  • Regulatory and Infrastructure Risks. Changes in transportation regulations or delays in national infrastructure development could disrupt supply chain efficiency and increase operational costs.

Price

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Key Metrics

REVENUE

₹6,999 Cr

TTM · consolidated

+14.7%YoY

NET PROFIT

₹11 Cr

TTM · consolidated

+135.2%YoY

EPS

₹-0.33

TTM · consolidated

+93.4%YoY

RETURN ON EQUITY

1.7%

TTM · consolidated

+8.0 ppYoY

RETURN ON CAPITAL EMPLOYED

8.2%

TTM · consolidated

+1.4 ppYoY

P/E

-1177.7x

Q4 FY26 · consolidated

-1177.7 vs 17.0x5Y avg

EV/EBITDA

9.6x

Q4 FY26 · consolidated

9.6 vs 14.9x5Y avg

EBITDA MARGIN

5.6%

TTM · consolidated

+0.7 ppYoY

NET PROFIT MARGIN

1.2%

Q4 FY26 · consolidated

+1.5 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.93xYoY

Peers · Logistics Solution Provider

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mahindra Logistics LimitedMAHLOG
3,580-1177.739.6414.7%5.6%1.7%8.2%-0.3%
VRL LogisticsVRLLOG
4,33014.033.641.9%20.9%21.5%18.8%-63.5%
TVS Supply Chain Solutions LimitedTVSSCS
4,23553.518.0610.1%7.5%6.3%10.8%+2.8%
Sindhu Trade Links LimitedSINDHUTRAD
3,62870.7143.87-60.2%14.1%4.6%4.0%-27.3%
Gateway Distriparks LimitedGATEWAY
2,55811.506.4631.6%22.5%11.7%11.1%-11.4%
TCI ExpressTCIEXP
1,79926.3715.862.4%11.4%10.5%13.9%-22.9%

As of Q4 FY26

Financials