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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mahindra Logistics Ltd

About the Company - Mahindra Logistics Ltd

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@mahindra.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. Ranu VohraIndependent Director
Mr. Dhananjay MungaleIndependent Director
Ms. Avani DavdaIndependent Director
Mr. Darius PandoleIndependent Director
Mr. Ameet HarianiIndependent Director

Mahindra Logistics Ltd. Share Price Update

Share PriceValue
Today₹395.00
Previous Day₹395.60

Basic Stock Data of Mahindra Logistics Ltd

Market Cap 2,793 Cr.
Current Price 388
High / Low460/347
Stock P/E
Book Value 72.2
Dividend Yield0.63 %
ROCE7.36 %
ROE4.45 %
Face Value 10.0

Data Source: screener.in

Mahindra Logistics Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8331,0479748831,0331,1361,0891,2001,3261,3301,2731,2931,365
Expenses7959949288439861,0911,0371,1341,2591,2671,2091,2271,311
Operating Profit37534641474551666863646754
OPM %4%5%5%5%5%4%5%5%5%5%5%5%4%
Other Income8222236336467
Interest456678991115171817
Depreciation21242630353839414450555452
Profit before tax202516683919174-51-8
Tax %27%26%24%50%40%64%33%28%28%53%104%1,556%-89%
Net Profit151812351613111-1-8-16
EPS in Rs2.092.551.760.460.710.251.031.881.690.19-0.11-1.19-2.21

Mahindra Logistics Ltd Quarterly Chart

Mahindra Logistics Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5321,7511,9312,0642,6673,4163,8513,4713,2644,1415,1285,260
Expenses1,4951,6991,8742,0122,5903,2963,7003,3133,1293,9564,8685,013
Operating Profit3751575276120152158135184260247
OPM %2%3%3%3%3%4%4%5%4%4%5%5%
Other Income3691310671414131622
Interest10013431820305266
Depreciation33681520227390142190211
Profit before tax365459566810213381392635-9
Tax %32%33%35%36%32%36%35%32%26%43%21%
Net Profit2437393646658655291525-24
EPS in Rs4.236.206.476.056.719.0011.997.714.192.443.65-3.32
Dividend Payout %-0%-0%-0%-0%-0%17%15%19%60%82%68%

Mahindra Logistics Ltd Profit & Loss Yearly Chart

Mahindra Logistics Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:8%
3 Years:14%
TTM:8%
Compounded Profit Growth
10 Years:0%
5 Years:-17%
3 Years:-23%
TTM:-235%
Stock Price CAGR
10 Years:%
5 Years:-2%
3 Years:-6%
1 Year:3%
Return on Equity
10 Years:11%
5 Years:8%
3 Years:4%
Last Year:4%

Mahindra Logistics Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital585960606871717272727272
Reserves2865205242280348427473496475490448
Borrowings00428342638201269402834717
Other Liabilities1752112502624355406696768491,0271,1571,181
Total Liabilities2613355195918179861,2051,4221,6871,9752,5532,418
Fixed Assets10162650626671231361501830800
CWIP00031131531444
Investments001106858508135511810034
Other Assets2513193834716978701,0501,1731,2681,3431,6201,580
Total Assets2613355195918179861,2051,4221,6871,9752,5532,418

Mahindra Logistics Ltd Reserves and Borrowings Chart

Mahindra Logistics Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 27-48-34129585294191119
Cash from Investing Activity -1651-30-9536-108-140-310
Cash from Financing Activity 1031844-11-76-87-117183
Net Cash Flow-35-28-3316-114598-66-8

Mahindra Logistics Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3132384356564956544346
Inventory Days
Days Payable
Cash Conversion Cycle3132384356564956544346
Working Capital Days2-0315191617241406
ROCE %52%30%19%20%25%28%15%8%6%7%

Mahindra Logistics Ltd Financial Efficiency Indicators Chart

Mahindra Logistics Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters58.35%58.34%58.31%58.25%58.18%58.18%58.12%58.11%58.10%58.09%58.04%58.04%
FIIs20.39%20.93%20.99%21.84%21.66%20.39%20.08%15.80%15.55%11.55%11.51%12.08%
DIIs11.10%11.93%11.30%10.89%11.10%12.13%13.49%15.53%15.46%18.63%16.97%14.60%
Public10.16%8.80%9.41%9.02%9.06%9.30%8.31%10.55%10.89%11.74%13.48%15.27%
No. of Shareholders55,04048,75054,83955,46052,39259,13858,28064,64265,01866,34771,06473,682

Mahindra Logistics Ltd Shareholding Pattern Chart

No. of Mahindra Logistics Ltd Shareholders

Mahindra Logistics Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Multi Cap Fund38399990.61137.63
UTI Transportation and Logistic Fund8128091.2128.44
UTI Infrastructure Fund6351331.3522.22
Edelweiss Small Cap Fund5654250.7220.26
Tata Infrastructure Fund - Regular Plan4900001.2317.56
HSBC Small Cap Equity Fund - OLD1500002.698.08
Aditya Birla Sun Life Business Cycle Fund1115880.274
HSBC Infrastructure Equity Fund - OLD720003.213.88
Tata Young Citizens Fund (After 7 Years) - Regular Plan600000.72.15
Motilal Oswal Nifty Microcap 250 Index Fund334880.211.2

Mahindra Logistics Ltd ROCE Trend

Mahindra Logistics Ltd EPS Trend

Mahindra Logistics Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.655.164.197.7112.02
Diluted EPS (Rs.)3.645.144.197.6711.97
Cash EPS (Rs.)30.1423.5216.5818.0215.20
Book Value[Excl.RevalReserv]/Share (Rs.)77.8382.1779.6476.8970.53
Book Value[Incl.RevalReserv]/Share (Rs.)77.8382.1779.6476.8970.53
Revenue From Operations / Share (Rs.)712.46568.11455.38485.20539.02
PBDIT / Share (Rs.)38.2929.2021.1624.0822.23
PBIT / Share (Rs.)11.9610.488.6613.8119.16
PBT / Share (Rs.)4.806.385.4711.3518.68
Net Profit / Share (Rs.)3.814.814.077.7512.13
NP After MI And SOA / Share (Rs.)3.655.164.187.7011.99
PBDIT Margin (%)5.375.134.644.964.12
PBIT Margin (%)1.671.841.902.843.55
PBT Margin (%)0.671.121.202.333.46
Net Profit Margin (%)0.530.840.891.592.24
NP After MI And SOA Margin (%)0.510.900.911.582.22
Return on Networth / Equity (%)4.676.275.2810.1217.18
Return on Capital Employeed (%)7.658.618.0814.3625.87
Return On Assets (%)1.021.911.773.877.10
Long Term Debt / Equity (X)0.390.000.000.000.01
Total Debt / Equity (X)0.710.060.050.050.05
Asset Turnover Ratio (%)2.182.051.972.573.48
Current Ratio (X)0.981.171.311.341.46
Quick Ratio (X)0.981.161.311.341.46
Inventory Turnover Ratio (X)7.150.000.000.000.00
Dividend Payout Ratio (NP) (%)54.7548.3935.8028.1215.01
Dividend Payout Ratio (CP) (%)6.6610.458.9712.0511.95
Earning Retention Ratio (%)45.2551.6164.2071.8884.99
Cash Earning Retention Ratio (%)93.3489.5591.0387.9588.05
Interest Coverage Ratio (X)5.347.117.559.7745.65
Interest Coverage Ratio (Post Tax) (X)1.532.172.594.1525.90
Enterprise Value (Cr.)2820.813546.253987.821550.233700.76
EV / Net Operating Revenue (X)0.550.861.220.440.96
EV / EBITDA (X)10.2316.9026.299.0023.29
MarketCap / Net Operating Revenue (X)0.490.891.270.460.97
Retention Ratios (%)45.2451.6064.2071.8784.98
Price / BV (X)4.546.177.312.977.50
Price / Net Operating Revenue (X)0.490.891.270.460.97
EarningsYield0.010.010.010.030.02

Mahindra Logistics Ltd Profitability Ratios (%)

Mahindra Logistics Ltd Liquidity Ratios

Mahindra Logistics Ltd Liquidity Ratios (%)

Mahindra Logistics Ltd Interest Coverage Ratios (%)

Mahindra Logistics Ltd Valuation Ratios

Fair Value of Mahindra Logistics Ltd Stock

Fair Value: ₹48.50

The stock is overvalued by 87.50% compared to the current price ₹388

*Investments are subject to market risks

Strength and Weakness of Mahindra Logistics Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.09%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 10.55, which is a positive sign.
  3. The company has higher reserves (331.42 cr) compared to borrowings (212.75 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (2.75 cr) and profit (56.67 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.81 and average Dividend Yield of 2.36%.
  2. The stock has a high average Cash Conversion Cycle of 45.82, which may not be favorable.

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 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