Mahindra Logistics Limited
Mahindra Logistics Limited operates in Logistics Solution Provider, part of the Services sector. It booked ₹2,095 cr of revenue in its latest quarter (Q2 FY27) and kept 1.3% of sales as profit. It is the 9th largest of 9 Logistics Solution Provider companies we track, by market value.
| Segment | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Supply Chain Management | 3,145 | 3,939 | 4,868 | 5,178 | 5,789 | 6,613 | 96% → 94% |
| Enterprise Mobility Services | 119 | 144 | 261 | 328 | 321 | 400 | 4% → 6% |
| Total | 3,264 | 4,083 | 5,128 | 5,506 | 6,110 | 7,013 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 56% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 50–117 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 50
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash · highest in its sector on what we could measure
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in MAHLOG?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹2,095 cr |
| Other Income | ₹8 cr |
| Total Income | ₹2,104 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Employee Benefit Expense | ₹122 cr |
| Finance Costs | ₹15 cr |
| Depreciation & Amortisation | ₹77 cr |
| Other Expenses | ₹1,849 cr |
| Total Expenses | ₹2,063 cr |
| Profit before Tax | ₹40 cr |
| Tax Expense | ₹11 cr |
| Share of JV / Associates | ₹-6 L |
| Net Profit | ₹29 cr |
| Net margin on total income | 1.4% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 1,791 cr | 2,003 cr | 2,095 cr |
| Total income | 1,795 cr | 2,013 cr | 2,104 cr |
| Expenses | 1,763 cr | 1,974 cr | 2,063 cr |
| Profit before tax | 32 cr | 39 cr | 40 cr |
| Tax | 10 cr | 11 cr | 11 cr |
| Net profit (owners' share) | 20 cr | 25 cr | 26 cr |
| Net margin (owners' share, on revenue) | 1.1% | 1.3% | 1.3% |
| EPS (₹) | 2.04 | 2.56 | 2.64 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Container Corporation of India Limited | ₹419 | ₹31,923 cr | 22.6 | 10.6% | 14.8% | — |
| Delhivery Limited | ₹412 | ₹30,871 cr | 190.7 | 1.8% | 1.4% | — |
| Shadowfax Technologies Limited | ₹284 | ₹16,657 cr | 61.2 | 14.4% | 4.4% | — |
| Blue Dart Express Limited | ₹4,365 | ₹10,358 cr | 29.3 | 19.9% | 5.3% | — |
| Shiprocket Limited | ₹131 | ₹8,327 cr | — | — | -2.3% | — |
| Transport Corporation of India Limited | ₹871 | ₹6,704 cr | — | 16.8% | 8.4% | — |
| VRL Logistics Limited | ₹295 | ₹5,169 cr | 16.1 | 24.3% | 9.2% | — |
| TVS Supply Chain Solutions Limited | ₹111 | ₹4,884 cr | 58.8 | 4.1% | 0.6% | — |
| Mahindra Logistics Limitedthis company | ₹408 | ₹4,053 cr | 38.7 | 8.7% | 1.3% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹2.5 / share | 10 Jul 2026 |
| Rights issue | 8:3 | 23 Jul 2025 |
| Dividend | ₹2.5 / share | 11 Jul 2025 |
| Dividend | ₹2.5 / share | 12 Jul 2024 |
| Dividend | ₹2.5 / share | 14 Jul 2023 |
| Dividend | ₹2 / share | 21 Jul 2022 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2026, the company says it has spent 93% of what it set aside, leaving ₹50 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing