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Maheshwari Logistics (MAHESHWARI) had a P/E of 12.9× on 6 Nov 2026, below the industry P/E of 16.1×, and the shares are 10% below their 52-week high. Sales fell 1.1% a year over 3 years while net profit grew 7.7%, with ROCE of 16% and ROE of 8.1%. Debt is 1.26× equity. It is a small-cap company with a market cap of ₹200 Cr, ranked 26th of 43 Integrated Freight & Logistics companies by market cap; the shares rose 24% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹68.01
Day high
₹69.00
Day low
₹67.84
Prev. close
₹67.85
Volume
1.5K

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    +23.9% over a year, better than 6 of 7 peers.

  • Price tagCheaper

    P/E 12.9 vs industry 16.1.

  • GrowthSlow

    Sales −1.1%, profit +7.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.3% vs peer median 9.0%.

  • Balance sheetFair

    Debt 1.26× equity, interest covered 2.1×.

  • Red flags2 to check

    Quarterly profit down 24.8% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Integrated Freight & Logistics

42 listed peers. Screen the industry

Small cap

₹200 Cr, #26 of 43 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,091 Cr · profit ₹16 Cr
Market cap
₹200 Cr
Small cap
P/E
12.9
Industry 16.1
Price to book
0.95
Peers 3.34
Dividend yield
0.00%
ROE
8.1%
Peers 9.6%
ROCE
16.3%
Peers 9.0%
Debt to equity
1.26
Debt ₹276 Cr
EPS (TTM)
₹5.33
Face value ₹10
OPM (TTM)
4.7%
Net margin 1.4%
Sales growth
−7.1%
Latest quarter vs a year ago
Profit growth
−24.8%
Latest quarter vs a year ago
Price to sales
0.18
EV/EBITDA 6.8

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 24.8% on a year ago.
  • Quarterly sales down 7.1% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Maheshwari Logistics

Maheshwari Logistics Limited, together with its subsidiaries, engages in coal, petcoke, wastepaper, and lignite trading business in India. It operates through three segments: Trading, Transport & Port Service, and Manufacturing Kraft Paper. The company is involved in the business of selling and servicing of heavy vehicle and manufacturing of printed mono carton packaging and corrugated boxes; transportation and port services; diesel, and industrial fuels;…

Headquarters
Vapi
Employees
648
Sector
Industrials
ISIN
INE263W01010
Website
mlpl.biz

Price range

52 weeks

₹39.04₹77.01

Today

₹67.84₹69.00
Avg volume (3M)
11.7K
1-year return
plus 23.9%
From 52-week high
minus 10.4%

Peers · Integrated Freight & Logistics

Compare with peersScreen the whole industry
Company
DELHIVERYDelhivery428.00minus 0.48%32,080176.93.282.6%1.9%0.1%13.2%–0.00%minus 11.3%
SHADOWFAXShadowfax Technologies288.25minus 0.88%16,92067.38.95–17.4%6.2%43.7%–0.00%plus 164.4%
BLUEDARTBlue Dart Express4,541.30minus 0.76%10,77637.56.0616.9%14.8%6.7%5.9%−12.6%0.55%minus 28.2%
TCITransport Corporation of India861.45minus 1.38%6,48514.42.3718.1%17.7%7.6%9.1%12.9%1.14%minus 26.1%
LEAPINDLEAP India121.97plus 0.05%5,37371.73.349.0%9.6%22.9%42.4%90.5%0.00%minus 15.9%
TVSSCSTVS Supply Chain Solutions117.07minus 1.62%5,17480.22.549.0%6.0%2.3%3.3%42.1%0.00%minus 8.2%
MAHLOGMahindra Logistics421.10plus 0.10%4,18155.83.48–7.1%2.3%––0.59%plus 22.2%
MAHESHWARIMaheshwari Logistics68.99plus 1.68%20012.90.95–7.3%4.7%−1.1%7.7%0.00%plus 23.9%
Median of 7 peers–−0.76%6,48567.33.349.0%9.6%6.2%11.2%27.5%0.00%−11.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
268275273294249
254263260280237
13.912.113.213.712.3
5.2%4.4%4.8%4.7%4.9%
1.22.50.71.41
8.88.78.29.38.4
6.35.95.75.74.9
30.7%32.4%38.4%8.6%32.2%
4.443.84.73.3
1.471.341.291.591.11

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−1.1%
Profit CAGR 3Y
+7.7%
EPS CAGR 3Y
+7.7%
ROE
8.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,1491,0489741,110
–minus 8.8%minus 7.1%+14.0%
1,1039919041,039
45.856.569.571.1
4.0%5.4%7.1%6.4%
5.5−5.9−5.6−9.2
15.71922.721.5
11.8121617.4
−5.5−1.4−0.20.6
18.218.22523.6
26.1%24.5%26.3%27.6%
13.513.818.116.8
–+2.0%+31.9%minus 7.2%
4.564.656.135.69

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
29.629.629.629.6
137151169186
207248269276
106118145157
479547613648
140173189184
35.826.729.7–
19.76.547.232.7
283340348432
479547613648

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
38.35.757.223.6
−30.7−42.6−26.1−10.3
−7.522.6−10.6−28.4
0.2−14.220.5−15.1
−35.5−44.9−30.9−44.1
2.8−39.226.3−20.4
−1.5–––

Shareholding pattern

Source: NSE filings
57.5%
promoters
  • Promoters57.47%
  • Public40.66%
  • Employee trusts1.87%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202657.47%40.66%plus 0.15
30 Jun 202657.32%40.81%plus 0.17
31 Mar 202657.15%40.98%plus 0.57
31 Dec 202556.58%41.63%0.00
30 Sep 202556.58%41.63%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you