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Mahindra Logistics (MAHLOG) had a P/E of 55.8× on 6 Nov 2026, above the industry P/E of 16.1×. It earns ROCE of 6.4% and ROE of 7.1%, and sales grew 11% a year over 3 years while net profit fell 56%. Its dividend yield is 0.6%, and debt is 0.58× equity. It is a small-cap company with a market cap of ₹4,181 Cr, ranked 7th of 43 Integrated Freight & Logistics companies by market cap; the shares rose 22% over the past year.

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

past year
Open
₹417.50
Day high
₹424.80
Day low
₹412.10
Prev. close
₹420.70
Volume
2 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsAhead

    +22.2% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 55.8 vs industry 16.1.

  • GrowthSlow

    Sales +11.0%, profit −55.7% a year over 3 years.

  • ProfitabilityWeak

    ROCE 6.4% vs peer median 10.0%.

  • Balance sheetFair

    Debt 0.58× equity, interest covered 5.3×.

  • Red flags2 to check

    Return on equity is low at 7.1%.

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

Integrated Freight & Logistics

42 listed peers. Screen the industry

Small cap

₹4,181 Cr, #7 of 43 in its industry by size.

Defensive

Beta 0.50 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹7,787 Cr · profit ₹75 Cr
Market cap
₹4,181 Cr
Small cap
P/E
55.8
Industry 16.1
Price to book
3.48
Peers 3.28
Dividend yield
0.59%
ROE
7.1%
Peers 9.6%
ROCE
6.4%
Peers 10.0%
Debt to equity
0.58
Debt ₹721 Cr
EPS (TTM)
₹7.55
Face value ₹10
OPM (TTM)
2.1%
Net margin 1.0%
Sales growth
+24.3%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
0.54
EV/EBITDA 17.1

Strengths and risks

Strengths

  • Quarterly sales up 24.3% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 7.1%.
  • P/E of 55.8 against an industry P/E of 16.1.

Derived automatically from reported figures. Not a recommendation.

About Mahindra Logistics

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…

Headquarters
Mumbai
Employees
3,988
Sector
Industrials
ISIN
INE766P01016

Price range

52 weeks

₹275.05₹450.00

Today

₹412.10₹424.80
Avg volume (3M)
4.1 L
1-year return
plus 22.2%
From 52-week high
minus 6.4%

Analyst consensus

5 analysts
Strong buyMean target ₹503.00 plus 19.4%

Target range, with today’s price

Low ₹400.00High ₹584.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Integrated Freight & Logistics

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%16,97167.38.95–17.4%6.2%43.7%–0.00%plus 162.1%
BLUEDARTBlue Dart Express4,541.30minus 0.76%10,77634.86.0616.9%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%1.16%minus 26.1%
LEAPINDLEAP India121.97plus 0.05%5,37371.73.349.0%9.6%22.9%42.4%90.5%0.00%minus 15.8%
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%
GATEWAYGateway Distriparks46.98minus 1.14%2,34710.01.0011.0%9.4%14.8%15.9%2.1%4.26%minus 25.1%
Median of 7 peers–−0.88%6,48567.33.2810.0%9.6%6.7%13.2%12.9%0.00%−15.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,6251,8981,7912,0032,095
1,6131,8671,7491,9602,048
11.731.142.543.147.4
0.7%1.6%2.4%2.2%2.3%
5.15.23.89.88.4
22.516.514.313.815.4
−0−7.4–−0.1–
−5.812.43239.140.3
−62.2%51.7%30.0%28.8%28.4%
−10.83.320.225.426.3
-1.440.332.032.552.64

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.0%
Profit CAGR 3Y
−55.7%
EPS CAGR 3Y
−57.8%
ROE
7.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5,1205,5066,1056,999
–+7.5%+10.9%+14.7%
4,8515,2645,8136,599
268241292400
5.2%4.4%4.8%5.7%
13.712.913.812.6
51.668.281.275
190209226278
−6.5−4.6−5.6−26.6
34.5−27.4−7.733.2
20.6%−93.7%−291.1%68.1%
26.3−54.7−35.92.3
3.32-6.94-4.780.25

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
727272.199.2
4904203661,076
834739869650
1,1571,2451,2731,283
2,5532,4772,5803,108
614594717925
6.524.654.735.5
00.10.10.2
19376.996.6323
1,7391,7821,7121,825
2,5532,4772,5803,108

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
119227343254
−310−54.3−155−316
183−276−148105
−7.7−10440.742
−71−70.9−181−139
48.4156162115
−14.4−18−18−18

Shareholding pattern

Source: NSE filings
59.5%
promoters
  • Promoters59.54%
  • Public40.46%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202659.54%40.46%minus 0.04
30 Jun 202659.58%40.42%0.00
31 Mar 202659.58%40.42%minus 0.02
31 Dec 202559.60%40.40%0.00
30 Sep 202559.60%40.40%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you