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Last Updated on: 13 June, 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

Basic Stock Data of Mahindra Logistics Ltd

Last Updated: June 12, 2024, 10:33 pm

Market Cap 3,354 Cr.
Current Price 466
High / Low493/347
Stock P/E
Book Value 68.4
Dividend Yield0.53 %
ROCE2.88 %
ROE10.0 %
Face Value 10.0
PEG Ratio0.00

Mahindra Logistics Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,0479748831,0331,1361,0891,2001,3261,3301,2731,2931,3651,397
Expenses9949288439861,0911,0371,1341,2591,2671,2091,2271,3111,345
Operating Profit53464147455166686364675452
OPM %5%5%5%5%4%5%5%5%5%5%5%4%4%
Other Income2222363364676
Interest5667899111517181716
Depreciation24263035383941445055545251
Profit before tax2516683919174-51-8-10
Tax %26%24%50%40%64%33%28%28%53%104%1,556%-89%-71%
Net Profit1812351613111-1-8-16-17
EPS in Rs2.551.760.460.710.251.031.881.690.19-0.11-1.19-2.21-2.42

Last Updated: June 11, 2024, 3:01 am

Mahindra Logistics Ltd Quarterly Chart

Mahindra Logistics Ltd Profit & Loss

Last Updated: June 1, 2024, 11:58 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5321,7511,9312,0642,6673,4163,8513,4713,2644,1415,1285,328
Expenses1,4951,6991,8742,0122,5903,2963,7003,3133,1293,9564,8685,092
Operating Profit3751575276120152158135184260236
OPM %2%3%3%3%3%4%4%5%4%4%5%4%
Other Income3691310671414131623
Interest10013431820305268
Depreciation33681520227390142190213
Profit before tax365459566810213381392635-22
Tax %32%33%35%36%32%36%35%32%26%43%21%
Net Profit2437393646658655291525-42
EPS in Rs4.236.206.476.056.719.0011.997.714.192.443.65-5.93
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:12%
5 Years:7%
3 Years:19%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-314%
Stock Price CAGR
10 Years:%
5 Years:-1%
3 Years:-7%
1 Year:30%
Return on Equity
10 Years:8%
5 Years:3%
3 Years:-1%
Last Year:-10%

Last Updated: June 10, 2024, 4:41 pm

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.31%58.25%58.18%58.18%58.12%58.11%58.10%58.09%58.04%58.04%58.04%58.04%
FIIs20.99%21.84%21.66%20.39%20.08%15.80%15.55%11.55%11.51%12.08%5.92%5.77%
DIIs11.30%10.89%11.10%12.13%13.49%15.53%15.46%18.63%16.97%14.60%15.71%17.37%
Public9.41%9.02%9.06%9.30%8.31%10.55%10.89%11.74%13.48%15.27%20.31%18.80%
No. of Shareholders54,83955,46052,39259,13858,28064,64265,01866,34771,06473,68280,20580,687

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)Previous Number of SharesPrevious DatePercentage Change
Nippon India Multi Cap Fund3,839,9990.61137.6333,4882024-06-1111366.79%
UTI Transportation and Logistic Fund812,8091.2128.4433,4882024-06-112327.16%
UTI Infrastructure Fund635,1331.3522.2233,4882024-06-111796.6%
Edelweiss Small Cap Fund565,4250.7220.2633,4882024-06-111588.44%
Tata Infrastructure Fund - Regular Plan490,0001.2317.5633,4882024-06-111363.21%
HSBC Small Cap Equity Fund - OLD150,0002.698.0833,4882024-06-11347.92%
Aditya Birla Sun Life Business Cycle Fund111,5880.27433,4882024-06-11233.22%
HSBC Infrastructure Equity Fund - OLD72,0003.213.8833,4882024-06-11115%
Tata Young Citizens Fund (After 7 Years) - Regular Plan60,0000.72.1533,4882024-06-1179.17%
Motilal Oswal Nifty Microcap 250 Index Fund33,4880.211.233,4882024-06-110%

Mahindra Logistics Ltd ROCE Trend

Mahindra Logistics Ltd EPS Trend

Mahindra Logistics Ltd 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)1.000.981.171.311.34
Quick Ratio (X)1.000.981.161.311.34
Inventory Turnover Ratio (X)2.007.150.000.000.00
Dividend Payout Ratio (NP) (%)0.0054.7548.3935.8028.12
Dividend Payout Ratio (CP) (%)0.006.6610.458.9712.05
Earning Retention Ratio (%)0.0045.2551.6164.2071.88
Cash Earning Retention Ratio (%)0.0093.3489.5591.0387.95
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 (%)0.0045.2451.6064.2071.87
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

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

Fair Value: 103.14

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.

Overvalued: 77.87% compared to the current price 466

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

Intrinsic Value: 60.30

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 87.06% compared to the current price ₹466

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

Last 5 Year EPS CAGR: -41.54%

*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 (55.58 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 45.82, which may not be favorable.

FAQ

What is the latest fair value of Mahindra Logistics Ltd?

The latest fair value of Mahindra Logistics Ltd is ₹103.14.

What is the Market Cap of Mahindra Logistics Ltd?

The Market Cap of Mahindra Logistics Ltd is 3,354 Cr..

What is the current Stock Price of Mahindra Logistics Ltd as on 13 June 2024?

The current stock price of Mahindra Logistics Ltd as on 13 June 2024 is ₹466.

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

In FY 2024, the High / Low of Mahindra Logistics Ltd stocks is 493/347.

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 68.4.

What is the Dividend Yield of Mahindra Logistics Ltd?

The Dividend Yield of Mahindra Logistics Ltd is 0.53 %.

What is the ROCE of Mahindra Logistics Ltd?

The ROCE of Mahindra Logistics Ltd is 2.88 %.

What is the ROE of Mahindra Logistics Ltd?

The ROE of Mahindra Logistics Ltd is 10.0 %.

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 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