Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 540768 | NSE: MAHLOG

Mahindra Logistics Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:13 am

Market Cap 2,703 Cr.
Current Price 375
High / Low 555/367
Stock P/E
Book Value 62.6
Dividend Yield0.67 %
ROCE3.03 %
ROE10.4 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Flomic Global Logistics Ltd 125 Cr. 68.8 88.0/61.029.4 24.10.00 %8.64 %5.18 % 10.0
DJ Mediaprint & Logistics Ltd 643 Cr. 198 212/42.792.1 11.00.03 %19.0 %16.2 % 10.0
Delhivery Ltd 25,969 Cr. 350 488/326825 1250.00 %1.73 %2.94 % 1.00
Chartered Logistics Ltd 124 Cr. 12.5 14.2/5.8748.2 5.270.00 %4.43 %0.36 % 1.00
Cargotrans Maritime Ltd 36.2 Cr. 88.8 103/50.820.6 36.90.00 %18.7 %14.0 % 10.0
Industry Average5,115.05 Cr201.22121.3762.110.42%9.90%15.02%6.81

All Competitor Stocks of

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales1,033.041,136.001,088.531,199.901,326.331,329.551,272.511,293.221,364.761,397.231,450.761,420.021,521.10
Expenses986.161,090.661,037.081,134.191,258.741,266.811,208.791,226.591,311.191,345.001,394.151,353.741,454.72
Operating Profit46.8845.3451.4565.7167.5962.7463.7266.6353.5752.2356.6166.2866.38
OPM %4.54%3.99%4.73%5.48%5.10%4.72%5.01%5.15%3.93%3.74%3.90%4.67%4.36%
Other Income2.332.886.303.093.355.583.836.186.586.082.885.671.73
Interest6.937.529.138.9310.7414.9716.9317.7816.5316.4217.4319.4919.12
Depreciation34.6237.5039.2640.9043.5549.8055.2554.4651.7951.4651.2854.9653.96
Profit before tax7.663.209.3618.9716.653.55-4.630.57-8.17-9.57-9.22-2.50-4.97
Tax %39.82%64.06%32.91%28.10%28.47%52.96%-104.32%1,556.14%89.23%71.37%29.18%213.60%93.36%
Net Profit4.611.156.2913.2511.301.11-1.03-8.46-15.61-17.11-11.91-7.84-9.61
EPS in Rs0.710.251.031.881.690.19-0.11-1.19-2.21-2.42-1.78-1.29-1.49

Last Updated: October 22, 2024, 12:14 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 22, 2024, 12:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,5321,7511,9312,0642,6673,4163,8513,4713,2644,1415,1285,5065,789
Expenses1,4951,6991,8742,0122,5903,2963,7003,3133,1293,9564,8685,2755,548
Operating Profit3751575276120152158135184260231242
OPM %2%3%3%3%3%4%4%5%4%4%5%4%4%
Other Income369131067141413162016
Interest1001343182030526872
Depreciation33681520227390142190209212
Profit before tax365459566810213381392635-26-26
Tax %32%33%35%36%32%36%35%32%26%43%21%97%
Net Profit2437393646658655291525-53-46
EPS in Rs4.236.206.476.056.719.0011.997.714.192.443.65-7.60-6.98
Dividend Payout %0%0%0%0%0%17%15%19%60%82%68%-33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)54.17%5.41%-7.69%27.78%41.30%32.31%-36.05%-47.27%-48.28%66.67%-312.00%
Change in YoY Net Profit Growth (%)0.00%-48.76%-13.10%35.47%13.53%-9.00%-68.35%-11.23%-1.00%114.94%-378.67%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:7%
3 Years:19%
TTM:10%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-100%
Stock Price CAGR
10 Years:%
5 Years:-1%
3 Years:-18%
1 Year:-4%
Return on Equity
10 Years:8%
5 Years:3%
3 Years:-1%
Last Year:-10%

Last Updated: Unknown

Balance Sheet

Last Updated: October 22, 2024, 12:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital58596060687171727272727272
Reserves2865205242280348427473496475490420379
Borrowings00428342638201269402834739836
Other Liabilities1752112502624355406696768491,0271,1571,2451,308
Total Liabilities2613355195918179861,2051,4221,6871,9752,5532,4772,596
Fixed Assets10162650626671231361501830836912
CWIP0003113153144166
Investments001106858508135511810066
Other Assets2513193834716978701,0501,1731,2681,3431,6201,6191,671
Total Assets2613355195918179861,2051,4221,6871,9752,5532,4772,596

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +27-48-34129585294191119227
Cash from Investing Activity +-1651-30-9536-108-140-310-53
Cash from Financing Activity +1031844-11-76-87-117183-276
Net Cash Flow-35-28-3316-114598-66-8-102

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow37.0051.0053.0024.0042.0094.00114.00-43.00-134.00-218.00-574.00-508.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days313238435656495654434647
Inventory Days
Days Payable
Cash Conversion Cycle313238435656495654434647
Working Capital Days2-03151916172414044
ROCE %52%30%19%20%25%28%15%8%6%7%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters58.18%58.18%58.12%58.11%58.10%58.09%58.04%58.04%58.04%58.04%58.03%58.03%
FIIs21.66%20.39%20.08%15.80%15.55%11.55%11.51%12.08%5.92%5.77%5.51%4.95%
DIIs11.10%12.13%13.49%15.53%15.46%18.63%16.97%14.60%15.71%17.37%17.51%18.22%
Public9.06%9.30%8.31%10.55%10.89%11.74%13.48%15.27%20.31%18.80%18.94%18.81%
No. of Shareholders52,39259,13858,28064,64265,01866,34771,06473,68280,20580,68778,70878,164

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Multi Cap Fund3,839,9990.47184.65750,0002024-12-17412%
Kotak Infrastructure & Economic Reform Fund - Regular Plan1,442,3752.7569.36750,0002024-12-1792.32%
UTI Transportation and Logistic Fund812,809139.08750,0002024-12-178.37%
Tata Mid Cap Growth Fund - Regular Plan750,0000.7836.06750,0002024-12-170%
UTI Small Cap Fund732,0600.7635.2750,0002024-12-17-2.39%
Kotak Special Opportunities Fund640,0651.2730.78750,0002024-12-17-14.66%
UTI Infrastructure Fund635,1331.2430.54750,0002024-12-17-15.32%
Edelweiss Small Cap Fund565,4250.6327.19750,0002024-12-17-24.61%
Tata Infrastructure Fund - Regular Plan490,0000.923.56750,0002024-12-17-34.67%
HSBC Small Cap Equity Fund - OLD150,0002.698.08750,0002024-12-17-80%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-7.603.655.164.197.71
Diluted EPS (Rs.)-7.603.645.144.197.67
Cash EPS (Rs.)21.7830.1423.5216.5818.02
Book Value[Excl.RevalReserv]/Share (Rs.)69.9977.8382.1779.6476.89
Book Value[Incl.RevalReserv]/Share (Rs.)69.9977.8382.1779.6476.89
Revenue From Operations / Share (Rs.)764.29712.46568.11455.38485.20
PBDIT / Share (Rs.)34.2838.2929.2021.1624.08
PBIT / Share (Rs.)5.2711.9610.488.6613.81
PBT / Share (Rs.)-3.664.806.385.4711.35
Net Profit / Share (Rs.)-7.233.814.814.077.75
NP After MI And SOA / Share (Rs.)-7.603.655.164.187.70
PBDIT Margin (%)4.485.375.134.644.96
PBIT Margin (%)0.681.671.841.902.84
PBT Margin (%)-0.470.671.121.202.33
Net Profit Margin (%)-0.940.530.840.891.59
NP After MI And SOA Margin (%)-0.990.510.900.911.58
Return on Networth / Equity (%)-11.114.676.275.2810.12
Return on Capital Employeed (%)3.677.658.618.0814.36
Return On Assets (%)-2.201.021.911.773.87
Long Term Debt / Equity (X)0.450.390.000.000.00
Total Debt / Equity (X)0.680.710.060.050.05
Asset Turnover Ratio (%)2.192.182.051.972.57
Current Ratio (X)0.920.981.171.311.34
Quick Ratio (X)0.920.981.161.311.34
Inventory Turnover Ratio (X)2.007.150.000.000.00
Dividend Payout Ratio (NP) (%)-32.9054.7548.3935.8028.12
Dividend Payout Ratio (CP) (%)11.676.6610.458.9712.05
Earning Retention Ratio (%)132.9045.2551.6164.2071.88
Cash Earning Retention Ratio (%)88.3393.3489.5591.0387.95
Interest Coverage Ratio (X)3.625.347.117.559.77
Interest Coverage Ratio (Post Tax) (X)0.181.532.172.594.15
Enterprise Value (Cr.)3225.692820.813546.253987.821550.23
EV / Net Operating Revenue (X)0.580.550.861.220.44
EV / EBITDA (X)13.0610.2316.9026.299.00
MarketCap / Net Operating Revenue (X)0.530.490.891.270.46
Retention Ratios (%)132.9045.2451.6064.2071.87
Price / BV (X)5.984.546.177.312.97
Price / Net Operating Revenue (X)0.530.490.891.270.46
EarningsYield-0.010.010.010.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 98.31

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 73.78% compared to the current share price 375.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 21, 2024 is: 59.64

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 84.10% compared to the current share price 375.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -39.33%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.75%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 9.83, which is a positive sign.
  3. The company has higher reserves (332.92 cr) compared to borrowings (262.38 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.92 cr) and profit (49.00 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 45.92, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: -0.94%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 3.67% (Industry Average ROCE: 9.9%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -11.11% (Industry Average ROE: 15.02%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.18
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.92
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 121.37)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.68
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Mahindra Logistics Ltd. is a Public Limited Listed company incorporated on 24/08/2007 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L63000MH2007PLC173466 and registration number is 173466. Currently Company is involved in the business activities of Other passenger land transport. Company’s Total Operating Revenue is Rs. 3631.08 Cr. and Equity Capital is Rs. 71.87 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersMahindra Towers, Mumbai Maharashtra 400018cs.mll@mahindralogistics.com
http://www.mahindralogistics.com
Management
NamePosition Held
Dr. Anish ShahChairman & Non-Exe.Director
Mr. Rampraveen SwaminathanManaging Director & CEO
Mr. Naveen RajuNon Executive Director
Ms. Malvika SinhaIndependent Director
Mr. Dhananjay MungaleIndependent Director
Ms. Avani DavdaIndependent Director
Mr. Darius PandoleIndependent Director
Mr. Ameet HarianiIndependent Director
Mr. Ranu VohraIndependent Director

FAQ

What is the latest intrinsic value of Mahindra Logistics Ltd?

The latest intrinsic value of Mahindra Logistics Ltd as on 21 December 2024 is ₹98.31, which is 73.78% lower than the current market price of ₹375.00. The stock has a market capitalization of 2,703 Cr. and recorded a high/low of 555/367 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹379 Cr and total liabilities of ₹2,596 Cr.

What is the Market Cap of Mahindra Logistics Ltd?

The Market Cap of Mahindra Logistics Ltd is 2,703 Cr..

What is the current Stock Price of Mahindra Logistics Ltd as on 21 December 2024?

The current stock price of Mahindra Logistics Ltd as on 21 December 2024 is 375.

What is the High / Low of Mahindra Logistics Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mahindra Logistics Ltd stocks is 555/367.

What is the Stock P/E of Mahindra Logistics Ltd?

The Stock P/E of Mahindra Logistics Ltd is .

What is the Book Value of Mahindra Logistics Ltd?

The Book Value of Mahindra Logistics Ltd is 62.6.

What is the Dividend Yield of Mahindra Logistics Ltd?

The Dividend Yield of Mahindra Logistics Ltd is 0.67 %.

What is the ROCE of Mahindra Logistics Ltd?

The ROCE of Mahindra Logistics Ltd is 3.03 %.

What is the ROE of Mahindra Logistics Ltd?

The ROE of Mahindra Logistics Ltd is 10.4 %.

What is the Face Value of Mahindra Logistics Ltd?

The Face Value of Mahindra Logistics Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE