Mahindra Logistics Limited

NSE: MAHLOG · Logistics Solution Provider

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52W Range₹275 – ₹450

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.

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Key Metrics

REVENUE

₹7,788 Cr

TTM · consolidated

+20.3%YoY

NET PROFIT

₹85 Cr

TTM · consolidated

+380.3%YoY

EPS

₹7.57

TTM · consolidated

+255.1%YoY

RETURN ON EQUITY

7.2%

TTM · consolidated

+9.8 ppYoY

RETURN ON CAPITAL EMPLOYED

10.7%

TTM · consolidated

+6.2 ppYoY

P/E

54.2×

Q2 FY27 · consolidated

54.2 vs 18.2x5Y avg

EV/EBITDA

8.4x

Q2 FY27 · consolidated

8.4 vs 14.7x5Y avg

EBITDA MARGIN

6.2%

TTM · consolidated

+1.1 ppYoY

NET PROFIT MARGIN

1.4%

Q2 FY27 · consolidated

+1.9 ppYoY

DEBT TO EQUITY

0.1x

Q2 FY27 · consolidated

-0.01xYoY

Peers · Logistics Solution Provider

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mahindra Logistics LimitedMAHLOG
₹4,072 Cr54.2×8.3820.3%6.2%7.2%10.7%+15.8%
VRL LogisticsVRLLOG
₹4,926 Cr18.3×7.585.6%21.1%24.0%20.5%-0.4%
TVS Supply Chain Solutions LimitedTVSSCS
₹4,832 Cr75.0×6.1116.9%7.4%3.6%8.2%-15.1%
Afcom HoldingsAFCOM
₹3,686 Cr———40.0%——+53.1%
Sindhu Trade Links LimitedSINDHUTRAD
₹3,653 Cr55.1×52.15-63.7%16.1%4.6%3.1%-16.7%
Gateway Distriparks LimitedGATEWAY
₹2,261 Cr9.6×5.008.2%22.7%10.5%11.2%-29.2%

As of Q2 FY27

Financials