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Swing Capital

Mahindra Logistics Ltd

NSE: MAHLOG BSE: 540768FMCG

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]

₹359
52W: ₹275 — ₹451
PE 77.6 · Book ₹149 · +141% vs book
Market Cap₹3,566 Cr
Stock P/E77.6Price to Earnings
ROCE7.41%Return on Capital
ROE4.22%Return on Equity
Div. Yield0.7%Face Value ₹10

Weaknesses

  • −Company has a low return on equity of 6.27% over last 3 years.

Shareholding Pattern

Promoters59.58%
FIIs4.82%
DIIs13.86%
Public21.74%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.03%58.03%58.03%57.97%▼0.157.97%59.6%▲1.659.6%59.58%▼0.0
FIIs5.51%4.95%▼0.65.02%▲0.15.22%▲0.24.79%▼0.43.86%▼0.94.4%▲0.54.82%▲0.4
DIIs17.51%18.22%▲0.715.92%▼2.313.85%▼2.113.87%▲0.013.65%▼0.212.33%▼1.313.86%▲1.5
Public18.94%18.81%▼0.121.03%▲2.222.96%▲1.923.38%▲0.422.89%▼0.523.68%▲0.821.74%▼1.9

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,1601,1831,1571,2361,3271,2931,3461,3671,5451,414
Expenses1,0891,1191,0851,1671,2501,2131,2671,2851,4521,315
Operating Profit71647269778079829399
OPM %6%5%6%6%6%6%6%6%6%7%
Net Profit1381091213641121
EPS ₹1.260.791.030.861.171.320.650.381.152.15

AI Insights

Revenue Trend

Mar 2026 revenue at ₹5,672Cr, up 13.1% YoY. OPM at 6%.

Debt Position

Borrowings at ₹559Cr. Debt-to-equity ratio: 0.41x. Healthy balance sheet.

Capex Cycle

CWIP at ₹6Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 13.86% (-3.11pp change). FIIs: 4.82% (-6.69pp change). Promoters hold 59.58%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 7% (Mar 2026). Working capital days: -3.

Valuation

PE 77.6x with 7.41% ROCE. Price is 141% above book value of ₹149. Dividend yield: 0.7%.

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