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Mahindra Logistics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹478.44Undervalued by 15.85%vs CMP ₹413.00

P/E (1,625.0) × ROE (0.3%) × BV (₹118.00) × DY (0.61%)

₹344.64Overvalued by 16.55%vs CMP ₹413.00
MoS: -19.8% (Negative)Confidence: 40/100 (Low)Models: 2 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹343.2739%Over (-16.9%)
Net Asset ValueAssets₹118.5319%Over (-71.3%)
EV/EBITDAEnterprise₹551.8116%Under (+33.6%)
ROCE CapitalReturns₹123.9613%Over (-70%)
Revenue MultipleRevenue₹615.8714%Under (+49.1%)
Consensus (5 models)₹344.64100%Overvalued
Key Drivers: EPS CAGR -28.3% drags value — could be higher if earnings stabilize. | P/E of 1,625 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -28.3%

*Investments are subject to market risks

Analyst Summary

Mahindra Logistics Ltd operates in the Logistics - Warehousing/Supply Chain/Others segment, NSE: MAHLOG | BSE: 540768, current market price is ₹413.00, market cap is 4,094 Cr.. At a glance, stock P/E is 1,625, ROE is 0.31 %, ROCE is 7.28 %, book value is 118, dividend yield is 0.61 %. The latest intrinsic value estimate is ₹344.64, around 16.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹6,105 Cr versus the prior period change of 10.9%, while latest net profit is about ₹-30 Cr with a prior-period change of 43.4%. The 52-week range shown on this page is 451/247, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMahindra 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) i…

This summary is generated from the stock page data available for Mahindra Logistics Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

47
Mahindra Logistics Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health47/100 · Moderate
ROCE 7.3% WeakROE 0.3% WeakD/E 0.05 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.52% MF sellingPromoter holding at 59.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 5% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +13% YoY Growing
Industry Rank30/100 · Weak
P/E 1,625.0 vs industry 133.1 Premium to peersROCE 7.3% vs industry 10.1% AverageROE 0.3% vs industry 22.8% Below peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:34 am

Market Cap 4,094 Cr.
Current Price 413
Intrinsic Value₹344.64
High / Low 451/247
Stock P/E1,625
Book Value 118
Dividend Yield0.61 %
ROCE7.28 %
ROE0.31 %
Face Value 10.0
PEG Ratio-57.52

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

View Share Price Target for Mahindra Logistics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mahindra Logistics Ltd 4,094 Cr. 413 451/2471,625 1180.61 %7.28 %0.31 % 10.0
Gateway Distriparks Ltd 2,962 Cr. 59.3 76.5/48.111.0 42.03.37 %12.4 %12.2 % 10.0
TCI Express Ltd 2,037 Cr. 532 870/44822.7 2121.50 %15.8 %12.0 % 2.00
Navkar Corporation Ltd 1,524 Cr. 101 140/74.050.5 1300.00 %3.05 %1.55 % 10.0
Allcargo Logistics Ltd 1,448 Cr. 9.66 16.2/7.10103 5.8111.4 %3.84 %2.49 % 2.00
Industry Average5,875.44 Cr156.67133.0666.130.95%10.12%22.78%6.93

All Competitor Stocks of Mahindra Logistics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,329.551,272.511,293.221,364.761,397.231,450.761,420.021,521.101,594.201,569.511,624.591,685.271,898.03
Expenses 1,266.811,208.791,226.591,311.191,345.001,394.151,353.741,454.721,520.541,491.811,548.341,600.231,795.28
Operating Profit 62.7463.7266.6353.5752.2356.6166.2866.3873.6677.7076.2585.04102.75
OPM % 4.72%5.01%5.15%3.93%3.74%3.90%4.67%4.36%4.62%4.95%4.69%5.05%5.41%
Other Income 5.583.836.186.586.082.885.671.736.252.175.072.94-2.10
Interest 14.9716.9317.7816.5316.4217.4319.4919.1222.0520.5522.5321.6716.52
Depreciation 49.8055.2554.4651.7951.4651.2854.9653.9659.0158.3964.5771.7271.69
Profit before tax 3.55-4.630.57-8.17-9.57-9.22-2.50-4.97-1.150.93-5.78-5.4112.44
Tax % 52.96%-104.32%1,556.14%89.23%71.37%29.18%213.60%93.36%531.30%670.97%62.63%54.53%51.69%
Net Profit 1.11-1.03-8.46-15.61-17.11-11.91-7.84-9.61-7.26-5.29-9.44-8.366.01
EPS in Rs 0.14-0.08-0.86-1.61-1.76-1.30-0.94-1.08-0.91-0.68-1.09-1.040.33

Last Updated: February 5, 2026, 2:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,7511,9312,0642,6673,4163,8513,4713,2644,1415,1285,5066,1056,777
Expenses 1,6991,8742,0122,5903,2963,7003,3133,1293,9564,8685,2755,8206,436
Operating Profit 51575276120152158135184260231284342
OPM % 3%3%3%3%4%4%5%4%4%5%4%5%5%
Other Income 691310671414131620158
Interest 00134318203052688181
Depreciation 3681520227390142190209226266
Profit before tax 5459566810213381392635-26-82
Tax % 33%35%36%32%36%35%32%26%43%21%97%292%
Net Profit 37393646658655291525-53-30-17
EPS in Rs 4.514.714.404.886.548.725.603.051.782.65-5.53-3.61-2.48
Dividend Payout % 0%0%0%0%17%15%19%60%82%68%-33%-50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)5.41%-7.69%27.78%41.30%32.31%-36.05%-47.27%-48.28%66.67%-312.00%43.40%
Change in YoY Net Profit Growth (%)0.00%-13.10%35.47%13.53%-9.00%-68.35%-11.23%-1.00%114.94%-378.67%355.40%

Mahindra Logistics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: May 4, 2026, 2:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 606068717172727272727299
Reserves 2052422803484274734964754904203661,076
Borrowings 428342638201269402834739869650
Other Liabilities 2502624355406696768491,0271,1571,2451,2721,283
Total Liabilities 5195918179861,2051,4221,6871,9752,5532,4772,5793,108
Fixed Assets 26506266712313615018308369301,147
CWIP 03113153144164624
Investments 11068585081355118100623126
Other Assets 3834716978701,0501,1731,2681,3431,6201,6191,5811,811
Total Assets 5195918179861,2051,4221,6871,9752,5532,4772,5793,108

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 27-48-34129585294191119227343254
Cash from Investing Activity + -1651-30-9536-108-140-310-53-155-316
Cash from Financing Activity + 1031844-11-76-87-117183-276-148105
Net Cash Flow -35-28-3316-114598-66-8-1024142
Free Cash Flow 16-83-57-25612422510057165167118
CFO/OP 73%-19%24%68%90%74%180%138%74%104%112%94%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow51.0053.0024.0042.0094.00114.00-43.00-134.00-218.00-574.00-508.00-585.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 323843565649565443464737
Inventory Days
Days Payable
Cash Conversion Cycle 323843565649565443464737
Working Capital Days -0315181515164-11-17-12-4
ROCE %52%30%19%20%25%28%15%8%6%7%3%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.09%58.04%58.04%58.04%58.04%58.03%58.03%58.03%57.97%57.97%59.60%59.60%
FIIs 11.55%11.51%12.08%5.92%5.77%5.51%4.95%5.02%5.22%4.79%3.86%4.40%
DIIs 18.63%16.97%14.60%15.71%17.37%17.51%18.22%15.92%13.85%13.87%13.65%12.33%
Public 11.74%13.48%15.27%20.31%18.80%18.94%18.81%21.03%22.96%23.38%22.89%23.68%
No. of Shareholders 66,34771,06473,68280,20580,68778,70878,16480,20880,31579,05580,92479,138

Shareholding Pattern Chart

No. of Shareholders

Mahindra Logistics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Multi Cap Fund 5,401,192 0.4 194.823,839,9992025-12-08 02:00:0940.66%
Kotak Infrastructure & Economic Reform Fund 1,422,000 2.28 51.291,573,9692026-02-23 01:31:04-9.66%
Tata Mid Cap Fund 1,031,250 0.69 37.2N/AN/AN/A
UTI Transportation and Logistic Fund 973,237 0.9 35.1812,8092025-12-08 02:00:0919.74%
UTI Infrastructure Fund 783,932 1.34 28.28635,1332025-12-08 02:00:0923.43%
Tata Infrastructure Fund 673,750 1.26 24.3N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -4.97-7.603.655.164.19
Diluted EPS (Rs.) -4.97-7.603.645.144.19
Cash EPS (Rs.) 27.2221.7830.1423.5216.58
Book Value[Excl.RevalReserv]/Share (Rs.) 60.7169.9977.8382.1779.64
Book Value[Incl.RevalReserv]/Share (Rs.) 60.7169.9977.8382.1779.64
Revenue From Operations / Share (Rs.) 846.36764.29712.46568.11455.38
PBDIT / Share (Rs.) 41.5734.2838.2929.2021.16
PBIT / Share (Rs.) 10.205.2711.9610.488.66
PBT / Share (Rs.) -1.06-3.664.806.385.47
Net Profit / Share (Rs.) -4.16-7.233.814.814.07
NP After MI And SOA / Share (Rs.) -4.97-7.603.655.164.18
PBDIT Margin (%) 4.914.485.375.134.64
PBIT Margin (%) 1.200.681.671.841.90
PBT Margin (%) -0.12-0.470.671.121.20
Net Profit Margin (%) -0.49-0.940.530.840.89
NP After MI And SOA Margin (%) -0.58-0.990.510.900.91
Return on Networth / Equity (%) -8.18-11.114.676.275.28
Return on Capital Employeed (%) 6.083.677.658.618.08
Return On Assets (%) -1.38-2.201.021.911.77
Long Term Debt / Equity (X) 0.930.450.390.000.00
Total Debt / Equity (X) 0.960.680.710.060.05
Asset Turnover Ratio (%) 2.412.192.182.051.97
Current Ratio (X) 1.020.920.981.171.31
Quick Ratio (X) 1.020.920.981.161.31
Inventory Turnover Ratio (X) 0.002.007.150.000.00
Dividend Payout Ratio (NP) (%) -50.23-32.9054.7548.3935.80
Dividend Payout Ratio (CP) (%) 9.4511.676.6610.458.97
Earning Retention Ratio (%) 150.23132.9045.2551.6164.20
Cash Earning Retention Ratio (%) 90.5588.3393.3489.5591.03
Interest Coverage Ratio (X) 3.693.625.347.117.55
Interest Coverage Ratio (Post Tax) (X) 0.630.181.532.172.59
Enterprise Value (Cr.) 2250.043225.692820.813546.253987.82
EV / Net Operating Revenue (X) 0.360.580.550.861.22
EV / EBITDA (X) 7.5013.0610.2316.9026.29
MarketCap / Net Operating Revenue (X) 0.300.530.490.891.27
Retention Ratios (%) 150.23132.9045.2451.6064.20
Price / BV (X) 4.315.984.546.177.31
Price / Net Operating Revenue (X) 0.300.530.490.891.27
EarningsYield -0.01-0.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Motorised road freight transport. Company's Total Operating Revenue is Rs. 5671.98 Cr. and Equity Capital is Rs. 99.22 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersMahindra Towers, Mumbai Maharashtra 400018Contact not found
Management
NamePosition Held
Dr. Anish ShahChairman & Non-Exe.Director
Mr. Hemant SikkaManaging Director & CEO
Mr. Naveen RajuNon Executive Director
Mr. Ameet HarianiIndependent Director
Mr. Darius PandoleIndependent Director
Mr. Ranu VohraIndependent Director
Ms. Avani DavdaIndependent Director
Ms. Malvika SinhaIndependent Director
Mr. Dhananjay MungaleIndependent Director

FAQ

What is the intrinsic value of Mahindra Logistics Ltd and is it undervalued?

As of 10 May 2026, Mahindra Logistics Ltd's intrinsic value is ₹344.64, which is 16.55% lower than the current market price of ₹413.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.31 %), book value (₹118), dividend yield (0.61 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mahindra Logistics Ltd?

Mahindra Logistics Ltd is trading at ₹413.00 as of 10 May 2026, with a FY2026-2027 high of ₹451 and low of ₹247. The stock is currently near its 52-week high. Market cap stands at ₹4,094 Cr..

How does Mahindra Logistics Ltd's P/E ratio compare to its industry?

Mahindra Logistics Ltd has a P/E ratio of 1,625, which is above the industry average of 133.06. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Mahindra Logistics Ltd financially healthy?

Key indicators for Mahindra Logistics Ltd: ROCE of 7.28 % is on the lower side compared to the industry average of 10.12%; ROE of 0.31 % is below ideal levels (industry average: 22.78%). Dividend yield is 0.61 %.

Is Mahindra Logistics Ltd profitable and how is the profit trend?

Mahindra Logistics Ltd reported a net profit of ₹-30 Cr in Mar 2025 on revenue of ₹6,105 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows a declining trend.

Does Mahindra Logistics Ltd pay dividends?

Mahindra Logistics Ltd has a dividend yield of 0.61 % at the current price of ₹413.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540768 | NSE: MAHLOG
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 Mahindra Logistics Ltd. 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
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