About
Maheshwari Logistics Limited, together with its subsidiaries, provides logistics services in India. The company operates through four segments: Trade Division, Coal Division, Paper Division, and Waste Division. It is involved in trading and import of coal; dealing in petcoke and diesel; supplying non-cooking coal; collecting wastepaper products; manufacturing of recycled kraft paper; and trading and exports of various papers. The company also operates a coal screening plant in Vapi, Gujarat, as well as owns trucks. It serves cement, paper, textiles, and fertilizers industries. Maheshwari Logistics Limited was incorporated in 2006 and is headquartered in Vapi, India.
Key Metrics
as of Sep 2026Market Cap214 Cr
P/E13.60
Div Yield0.00 %
Book Value₹72.90
52w High₹76.80
52w Low₹39.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 249.00 | 293.92 | 272.84 | 275.11 | 268.14 | 259.03 | 235.36 | 228.73 | 250.02 | 260.63 | 276.59 | 239.53 | 271.26 |
| Expenses | 232.38 | 275.73 | 254.99 | 258.50 | 250.36 | 240.26 | 215.80 | 212.86 | 235.62 | 247.29 | 263.69 | 225.14 | 257.66 |
| Operating Profit | 16.62 | 18.19 | 17.85 | 16.61 | 17.78 | 18.77 | 19.56 | 15.87 | 14.40 | 13.34 | 12.90 | 14.39 | 13.60 |
| OPM % | 6.67 | 6.19 | 6.54 | 6.04 | 6.63 | 7.25 | 8.31 | 6.94 | 5.76 | 5.12 | 4.66 | 6.01 | 5.01 |
| Other Income | 0.99 | 1.38 | 0.70 | 2.47 | 1.15 | 2.70 | -0.13 | 1.52 | 0.82 | 1.03 | 1.78 | 0.52 | 0.64 |
| Depreciation | 4.35 | 4.47 | 4.64 | 4.50 | 3.84 | 4.18 | 4.39 | 3.91 | 3.55 | 3.48 | 2.94 | 2.79 | 2.77 |
| Interest | 8.39 | 9.35 | 8.21 | 8.68 | 8.83 | 7.67 | 9.28 | 7.76 | 7.79 | 8.17 | 6.99 | 6.25 | 6.59 |
| Profit before tax | 4.87 | 5.75 | 5.70 | 5.90 | 6.26 | 9.62 | 5.76 | 5.72 | 3.88 | 2.72 | 4.75 | 5.87 | 4.88 |
| Tax % | 32.24 | 8.52 | 38.42 | 32.54 | 30.67 | 14.66 | 54.69 | 30.59 | 6.44 | -19.49 | 34.53 | 27.94 | 35.45 |
| Net Profit | 3.30 | 5.26 | 3.52 | 3.99 | 4.34 | 8.22 | 2.61 | 3.97 | 3.62 | 3.26 | 3.11 | 4.23 | 3.15 |
| EPS in Rs | 1.11 | 1.59 | 1.29 | 1.34 | 1.47 | 2.63 | 0.91 | 1.35 | 1.25 | 1.11 | 0.99 | 1.33 | 1.03 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,110.00 | 972.00 | 1,047.00 | 1,147.00 | 1,033.00 | 673.00 | 758.00 | 1,035.00 | 867.00 |
| Expenses | 1,040.00 | 903.00 | 993.00 | 1,097.00 | 981.00 | 630.00 | 707.00 | 988.00 | 832.00 |
| Operating Profit | 70.00 | 69.00 | 54.00 | 50.00 | 52.00 | 44.00 | 51.00 | 46.00 | 35.00 |
| OPM % | 6.00 | 7.00 | 5.00 | 4.40 | 5.00 | 6.00 | 7.00 | 4.50 | 4.10 |
| Other Income | 6.00 | 5.00 | 4.00 | 2.00 | 3.00 | 2.00 | 2.00 | 3.00 | 3.00 |
| Interest | 35.00 | 33.00 | 28.00 | 23.00 | 19.00 | 20.00 | 22.00 | 18.00 | 13.00 |
| Depreciation | 17.00 | 16.00 | 12.00 | 12.00 | 12.00 | 13.00 | 12.00 | 8.00 | 7.00 |
| Profit before tax | 24.00 | 25.00 | 18.00 | 18.00 | 24.00 | 13.00 | 20.00 | 23.00 | 18.00 |
| Tax % | 28.00 | 26.00 | 25.00 | 26.00 | 28.00 | 28.00 | 27.00 | 35.00 | 35.00 |
| Net Profit | 17.00 | 18.00 | 14.00 | 13.00 | 17.00 | 9.00 | 15.00 | 15.00 | 12.00 |
| EPS in Rs | 5.69 | 6.22 | 4.65 | 4.55 | 5.79 | 3.14 | 4.97 | 5.09 | 3.94 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.00 | 0.00 | 12.00 | 13.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 15.00 | 15.00 | 15.00 |
| Reserves | 186.00 | 169.00 | 151.00 | 137.00 | 125.00 | 109.00 | 115.00 | 102.00 | 88.00 |
| Borrowings | 276.00 | 269.00 | 248.00 | 207.00 | 177.00 | 141.00 | 147.00 | 142.00 | 130.00 |
| Other Liabilities | 157.00 | 145.00 | 118.00 | 106.00 | 97.00 | 88.00 | 84.00 | 114.00 | 107.00 |
| Total Liabilities | 648.00 | 613.00 | 547.00 | 479.00 | 429.00 | 368.00 | 361.00 | 373.00 | 340.00 |
| Fixed Assets | 187.00 | 162.00 | 149.00 | 107.00 | 110.00 | 109.00 | 117.00 | 73.00 | 64.00 |
| CWIP | 0.00 | 30.00 | 28.00 | 37.00 | 15.00 | 5.00 | 1.00 | 38.00 | 5.00 |
| Investments | 2.00 | 2.00 | 4.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 460.00 | 420.00 | 366.00 | 332.00 | 304.00 | 254.00 | 242.00 | 262.00 | 271.00 |
| Total Assets | 648.00 | 613.00 | 547.00 | 479.00 | 429.00 | 368.00 | 361.00 | 373.00 | 340.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 24.00 | 57.00 | 6.00 | 38.00 | 11.00 | 47.00 | 31.00 | 63.00 | 0.00 |
| Cash from Investing Activity | -10.00 | -26.00 | -43.00 | -31.00 | -37.00 | -6.00 | -20.00 | -49.00 | 0.00 |
| Cash from Financing Activity | -28.00 | -11.00 | 23.00 | -7.00 | 15.00 | -28.00 | -13.00 | -10.00 | 0.00 |
| Net Cash Flow | -15.00 | 21.00 | -14.00 | 0.00 | -11.00 | 13.00 | -2.00 | 4.00 | 0.00 |
| Free Cash Flow | 12.00 | 26.00 | -38.00 | 7.00 | -27.00 | 41.00 | 12.00 | 14.00 | 0.00 |
| CFO/OP % | 47.00 | 91.00 | 18.00 | 84.00 | 35.00 | 115.00 | 68.00 | 149.00 | 0.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61.00 | 58.00 | 51.00 | 45.00 | 47.00 | 65.00 | 56.00 | 44.00 | 68.00 |
| Inventory Days | 72.00 | 73.00 | 60.00 | 44.00 | 40.00 | 61.00 | 46.00 | 33.00 | 38.00 |
| Days Payable | 48.00 | 54.00 | 39.00 | 32.00 | 34.00 | 52.00 | 49.00 | 60.00 | 54.00 |
| Cash Conversion Cycle | 85.00 | 78.00 | 71.00 | 57.00 | 53.00 | 74.00 | 54.00 | 17.00 | 51.00 |
| Working Capital Days | 21.00 | 16.00 | 28.00 | 25.00 | 31.00 | 41.00 | 29.00 | 7.00 | 32.00 |
| ROCE % | 12.00 | 13.00 | 11.00 | 12.00 | 14.00 | 12.00 | 16.00 | 17.00 | — |
Corporate Actions
6 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 23 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 22 Sep 2022 | — | — | 0.50 | |
| Dividend | 22 Sep 2021 | — | — | 0.50 | |
| Bonus | 13 Oct 2020 | 14 Oct 2020 | 1:1 | — | |
| Dividend | 05 Sep 2019 | 06 Sep 2019 | — | 1.20 |
Announcements
5 filingsAnnual Reports
Credit Ratings
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Rating update19 Aug from care
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Rating update21 Jan from brickwork
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Rating update21 Jan from brickwork
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Rating update14 Oct 2025 from care
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Rating update22 Sep 2025 from infomerics
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Rating update2 Dec 2024 from brickwork