About
Mahindra Logistics Limited provides integrated logistics solutions in India and internationally. It operates through two segments, Supply Chain Management (SCM) and Enterprise Mobility Services. The company offers logistics solutions and services, including warehousing, transportation, inventory management, inbound and outbound logistics, in-plant logistics, just-in-time, returns, and value-added services; and contract logistics, B2B express, last-mile delivery, freight forwarding, and mobility services. It also provides distribution, full truck load, and part truck load transportation services. The company serves automobile, engineering and manufacturing, fmcg and consumer durables, e-commerce, pharmaceuticals, telecom, and commodities sectors. Mahindra Logistics Limited was founded in 2000 and is based in Mumbai, India. The company is a subsidiary of Mahindra & Mahindra Limited.
Key Metrics
as of Sep 2026Market Cap4,035 Cr
P/E102.00
Div Yield0.62 %
Book Value₹118.00
52w High₹451.00
52w Low₹275.00
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 | 1,655.00 | 1,414.00 | 1,545.00 | 1,367.00 | 1,346.00 | 1,293.00 | 1,327.00 | 1,236.00 | 1,157.00 | 1,183.00 | 1,160.00 | 1,136.00 | 1,051.00 |
| Expenses | 1,550.00 | 1,315.00 | 1,452.00 | 1,285.00 | 1,267.00 | 1,213.00 | 1,250.00 | 1,167.00 | 1,085.00 | 1,119.00 | 1,089.00 | 1,062.00 | 968.00 |
| Operating Profit | 105.00 | 99.00 | 93.00 | 82.00 | 79.00 | 80.00 | 77.00 | 69.00 | 72.00 | 64.00 | 71.00 | 74.00 | 83.00 |
| OPM % | 6.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 6.00 | 7.00 | 8.00 |
| Other Income | 8.00 | 3.00 | -1.00 | 2.00 | 2.00 | 1.00 | 4.00 | 2.00 | 4.00 | 2.00 | 2.00 | 6.00 | 5.00 |
| Depreciation | 63.00 | 61.00 | 62.00 | 63.00 | 56.00 | 50.00 | 51.00 | 47.00 | 48.00 | 44.00 | 44.00 | 44.00 | 45.00 |
| Interest | 12.00 | 12.00 | 14.00 | 17.00 | 16.00 | 14.00 | 15.00 | 12.00 | 13.00 | 12.00 | 10.00 | 11.00 | 12.00 |
| Profit before tax | 39.00 | 29.00 | 15.00 | 5.00 | 9.00 | 17.00 | 15.00 | 12.00 | 14.00 | 10.00 | 19.00 | 26.00 | 31.00 |
| Tax % | 25.00 | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 24.00 | 26.00 | 26.00 | 22.00 | 34.00 | 27.00 | 26.00 |
| Net Profit | 29.00 | 21.00 | 11.00 | 4.00 | 6.00 | 13.00 | 12.00 | 9.00 | 10.00 | 8.00 | 13.00 | 19.00 | 23.00 |
| EPS in Rs | 2.92 | 2.15 | 1.15 | 0.38 | 0.65 | 1.32 | 1.17 | 0.86 | 1.03 | 0.79 | 1.26 | 1.88 | 2.32 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,672.00 | 5,013.00 | 4,530.00 | 4,459.00 | 3,631.00 | 2,959.00 | 3,261.00 | 3,666.00 | 3,220.00 | 2,589.00 | 1,995.00 | 1,883.00 |
| Expenses | 5,317.00 | 4,715.00 | 4,235.00 | 4,182.00 | 3,451.00 | 2,838.00 | 3,113.00 | 3,527.00 | 3,114.00 | 2,521.00 | 1,944.00 | 1,824.00 |
| Operating Profit | 355.00 | 298.00 | 295.00 | 277.00 | 180.00 | 121.00 | 148.00 | 138.00 | 106.00 | 68.00 | 51.00 | 59.00 |
| OPM % | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 4.10 | 4.50 | 3.80 | 3.30 | 2.60 | 2.60 | 3.10 |
| Other Income | 4.00 | 11.00 | 13.00 | 15.00 | 9.00 | 11.00 | 13.00 | 7.00 | 5.00 | 9.00 | 13.00 | 8.00 |
| Interest | 59.00 | 54.00 | 44.00 | 41.00 | 26.00 | 17.00 | 14.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 242.00 | 196.00 | 178.00 | 169.00 | 130.00 | 83.00 | 66.00 | 15.00 | 13.00 | 9.00 | 6.00 | 6.00 |
| Profit before tax | 58.00 | 58.00 | 86.00 | 80.00 | 33.00 | 33.00 | 81.00 | 130.00 | 97.00 | 68.00 | 57.00 | 61.00 |
| Tax % | 26.00 | 25.00 | 28.00 | 20.00 | 25.00 | 26.00 | 32.00 | 35.00 | 36.00 | 34.00 | 35.00 | 34.00 |
| Net Profit | 43.00 | 44.00 | 62.00 | 65.00 | 24.00 | 24.00 | 55.00 | 84.00 | 62.00 | 45.00 | 37.00 | 40.00 |
| EPS in Rs | 4.34 | 4.39 | 6.26 | 6.52 | 2.47 | 2.44 | 5.60 | 8.60 | 6.36 | 4.79 | 4.57 | 4.94 |
| Dividend Payout % | 58.00 | 41.00 | 29.00 | 28.00 | 59.00 | 75.00 | 19.00 | 15.00 | 17.00 | 0.00 | 0.00 | 0.00 |
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 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 99.00 | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 | 72.00 | 71.00 | 71.00 | 68.00 | 60.00 | 60.00 |
| Reserves | 1,377.00 | 627.00 | 603.00 | 556.00 | 503.00 | 494.00 | 474.00 | 427.00 | 348.00 | 281.00 | 244.00 | 206.00 |
| Borrowings | 559.00 | 560.00 | 464.00 | 555.00 | 361.00 | 240.00 | 165.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 999.00 | 1,059.00 | 989.00 | 976.00 | 913.00 | 782.00 | 620.00 | 622.00 | 493.00 | 420.00 | 250.00 | 237.00 |
| Total Liabilities | 3,034.00 | 2,318.00 | 2,128.00 | 2,159.00 | 1,849.00 | 1,587.00 | 1,330.00 | 1,121.00 | 912.00 | 769.00 | 553.00 | 502.00 |
| Fixed Assets | 778.00 | 592.00 | 529.00 | 551.00 | 474.00 | 346.00 | 210.00 | 44.00 | 31.00 | 28.00 | 21.00 | 20.00 |
| CWIP | 6.00 | 46.00 | 0.00 | 4.00 | 14.00 | 3.00 | 15.00 | 3.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Investments | 855.00 | 419.00 | 332.00 | 260.00 | 137.00 | 76.00 | 21.00 | 99.00 | 63.00 | 70.00 | 78.00 | 121.00 |
| Other Assets | 1,395.00 | 1,261.00 | 1,267.00 | 1,344.00 | 1,224.00 | 1,161.00 | 1,084.00 | 976.00 | 818.00 | 670.00 | 453.00 | 362.00 |
| Total Assets | 3,034.00 | 2,318.00 | 2,128.00 | 2,159.00 | 1,849.00 | 1,587.00 | 1,330.00 | 1,121.00 | 912.00 | 769.00 | 553.00 | 502.00 |
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 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 256.00 | 382.00 | 249.00 | 146.00 | 204.00 | 281.00 | 80.00 | 92.00 | 2.00 | -34.00 | -53.00 | 32.00 |
| Cash from Investing Activity | -601.00 | -226.00 | -103.00 | -148.00 | -150.00 | -105.00 | 35.00 | -92.00 | 8.00 | 1.00 | 28.00 | -173.00 |
| Cash from Financing Activity | 364.00 | -127.00 | -245.00 | -14.00 | -121.00 | -77.00 | -71.00 | -10.00 | 6.00 | 0.00 | 0.00 | 101.00 |
| Net Cash Flow | 19.00 | 28.00 | -99.00 | -16.00 | -66.00 | 98.00 | 44.00 | -11.00 | 16.00 | -33.00 | -25.00 | -40.00 |
| Free Cash Flow | 180.00 | 241.00 | 194.00 | 84.00 | 113.00 | 214.00 | 19.00 | 60.00 | -27.00 | -49.00 | -61.00 | 22.00 |
| CFO/OP % | 97.00 | 119.00 | 86.00 | 78.00 | 145.00 | 189.00 | 77.00 | 95.00 | 65.00 | 28.00 | -30.00 | 78.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33.00 | 34.00 | 41.00 | 37.00 | 41.00 | 50.00 | 53.00 | 48.00 | 55.00 | 56.00 | 43.00 | 36.00 |
| Cash Conversion Cycle | 33.00 | 34.00 | 41.00 | 37.00 | 41.00 | 50.00 | 53.00 | 48.00 | 55.00 | 56.00 | 43.00 | 36.00 |
| Working Capital Days | -10.00 | -9.00 | -13.00 | -20.00 | -9.00 | 3.00 | 17.00 | 16.00 | 16.00 | 18.00 | 15.00 | 3.00 |
| ROCE % | 8.00 | 9.00 | 11.00 | 11.00 | 7.00 | 7.00 | 16.00 | 29.00 | 25.00 | 21.00 | 20.00 | — |
Corporate Actions
11 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 10 Jul 2026 | 10 Jul 2026 | — | 2.50 | |
| Rights | 23 Jul 2025 | 23 Jul 2025 | 3:8 | — | |
| Other | 23 Jul 2025 | 23 Jul 2025 | — | — | Right Issue of Equity Shares |
| Dividend | 11 Jul 2025 | 11 Jul 2025 | — | 2.50 | |
| Dividend | 12 Jul 2024 | — | — | 2.50 | |
| Dividend | 14 Jul 2023 | — | — | 2.50 | |
| Dividend | 21 Jul 2022 | — | — | 2.00 | |
| Dividend | 19 Jul 2021 | — | — | 2.50 | |
| Dividend | 23 Jul 2020 | — | — | 1.50 | |
| Dividend | 23 Jul 2019 | — | — | 1.80 | |
| Dividend | 25 Jul 2018 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update28 Aug from icra
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Rating update29 Aug 2025 from icra
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Rating update30 Aug 2024 from icra
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Rating update28 Sep 2023 from icra
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Rating update6 Oct 2022 from icra
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Rating update14 Jul 2022 from icra
Conference Calls
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