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Mahindra Logistics Ltd.

412.05−14.20 (−3.33%)

BSE · 30 Oct, 4:01 PM

: ₹4,096.68 Cr
: 54.56
: 8,081
: ₹426.65 - ₹410.35
: ₹450.90 - ₹278.00

Mahindra Logistics Ltd. (MAHLOG) share price closed at ₹412.05 on the BSE on Friday, October 30, 2026, down by 3.33% from its of ₹426.25. In that session MAHLOG reached a of 426.65 and of 410.35. The for the session was 417.98. The stands at 404.25 and is at 383.45. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹426.65

₹426.25

₹417.98

₹404.25

Price 1.93% above

₹383.45

Price 7.46% above

Key Fundamentals

: 4,096.68 Cr₹4.10 Thousand Crore
: 7.56
: 54.56
: 3.40
: 121.37
: 481.89 Cr₹481.89 Crore
: 0.61 %
Sector
Industry: Logistics
: 1.32
: 0.04

Industry Comparison

Ratio	Company	Sector
	54.56	23.08
	0.04	0.26
	3.40	1.77
	1.16	1.69
	0.61 %	0.00 %
Operating Margin	5.13 %	10.32 %

Sector figures are the median of 53 listed Logistics companies.

Peer Comparison

Name
CONTAIN.CORP CONCOR	414.50	25.42	31,569.06	2.07	268.90	0.61%	2,159.76	0.28%	13.63
DELHIVERY DELHIVERY	386.00	309.31	28,931.57	0.00	40.64	180.48%	3,066.38	19.81%	2.97
SHADOWFAX SHADOWFAX	272.25	71.33	15,980.86	0.00	67.95	421.89%	1,537.70	56.57%	11.58
BLACKBUCK BLACKBUCK	566.60	57.04	10,325.76	0.00	41.40	41.79%	235.33	55.70%	12.75
TRANSPORT CO TCI	871.45	14.59	6,695.45	1.15	116.90	3.00%	1,388.00	15.20%	20.52
TVSSCS TVSSCS	104.70	71.33	4,619.61	0.00	22.48	-68.41%	3,335.22	28.66%	11.51
VRLLOG VRLLOG	259.90		4,546.61	2.83
Mahindra Logistics Ltd. MAHLOG	412.05	54.56	4,096.68	0.61	28.87	445.33%	2,095.43	24.34%	10.40

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	1,420.02	1,521.10	1,594.20	1,569.51	1,624.59	1,685.27	1,898.03	1,791.41	2,002.88	2,095.43
Expenses	1,353.74	1,454.72	1,520.51	1,491.81	1,548.34	1,600.19	1,795.24	1,679.06	1,887.46	1,971.47
	66.28	66.38	73.69	77.70	76.25	85.08	102.79	112.35	115.42	123.96
	4.67%	4.36%	4.62%	4.95%	4.69%	5.05%	5.42%	6.27%	5.76%	5.92%
	5.67	1.73	6.25	2.17	5.07	2.94	-2.10	3.86	9.83	8.42
Interest	19.49	19.12	22.05	20.55	22.53	21.67	16.52	14.30	13.83	15.44
	54.96	53.96	59.01	58.39	64.57	71.72	71.69	69.89	72.31	76.58
	-2.50	-4.97	-1.15	0.95	-5.82	-5.41	12.44	31.95	39.06	40.30
	-213.60%	-93.36%	-531.30%	656.84%	-62.20%	-54.53%	51.69%	30.02%	28.75%	28.36%
	-9.32	-10.75	-9.03	-6.75	-10.80	-10.35	3.25	20.19	25.39	26.25
	-1.29	-1.49	-1.25	-0.94	-1.50	-1.04	0.33	2.03	2.56	2.64

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	4,140.76	5,219.58	5,626.83	6,233.83	7,183.49
Operating Income (Net)	4,140.76	5,128.29	5,505.97	6,104.83	6,999.30
EXPENDITURE :
Increase/Decrease in Stock	-0.45	0.45
Raw Material Consumed	9.81	6.58	0.41
Power & Fuel Cost	22.26	23.55	35.05	62.32	73.23
Employee Cost	314.70	354.56	404.70	403.60	427.40
Operating Expenses	500.39	586.89	630.71	820.07	985.54
General and Administration Expenses	102.74	127.30	133.24	171.05	150.91
Selling and Distribution Expenses	2,972.14	3,730.90	4,007.62	4,318.99	4,928.06
Miscellaneous Expenses	35.82	44.51	69.33	49.33	65.92
	3,957.41	4,874.74	5,281.06	5,825.36	6,631.06
Operating Profit (Excl OI)	183.35	253.55	224.91	279.47	368.24
	14.50	22.06	22.03	20.40	25.36
	197.85	275.61	246.94	299.87	393.60
Interest	29.82	51.57	68.16	81.21	75.02
PBDT	168.03	224.04	178.78	218.66	318.58
	141.72	189.50	208.99	226.32	277.87
Profit Before Taxation & Exceptional Items	26.31	34.54	-30.21	-7.66	40.71
Exceptional Income / Expenses			3.82		-7.36
	26.31	34.54	-27.41	-7.67	33.16
Provision for Tax	11.25	7.12	25.68	22.33	22.59
	15.06	27.42	-53.09	-30.00	10.57
Extra items				0.00	0.00
Minority Interest	2.49	1.65	-1.65	-5.85	-8.28
Share of Associate	0.01	-2.79
Consolidated Net Profit	17.56	26.28	-54.74	-35.85	2.29
Profit Balance B/F	369.69	368.65	382.03	309.95	257.46
Appropriations	387.25	394.93	327.29	274.10	259.75
Equity Dividend %	20.00%	25.00%	25.00%	25.00%	25.00%
	2.44	3.65	-7.60	-4.97	0.23
Adjusted EPS	2.23	3.33	-6.94	-4.54	0.23

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	71.87	71.98	72.04	72.13	99.22
Share Warrants & Outstandings	10.21	6.95	6.83	1.37	5.15
Total Reserves	464.40	482.74	413.60	364.38	1,070.41
Reserve excluding Revaluation Reserve	464.40	482.74	413.60	364.38	1,070.41
Revaluation reserve	0.00			0.00
	546.48	561.67	492.47	437.88	1,174.78
Minority Interest	0.28	-1.37	11.77	16.35	24.48
Secured Loans	0.65	220.00	220.00	160.47	34.46
Unsecured Loans		3.60	3.60	250.00
Deferred Tax Assets / Liabilities	-26.85	-41.60	-45.30	-44.20	-49.97
Other Long Term Liabilities	267.32	308.33	271.99	308.12	429.80
Long Term Provisions	31.09	32.71	33.62	33.96	23.87
Total Non-Current Liabilities	272.21	523.04	483.91	708.35	438.16
Trade Payables	868.36	1,048.05	1,111.19	1,099.66	1,118.65
Other Current Liabilities	205.92	188.95	202.70	254.01	267.05
Short Term Borrowings	39.85	177.80	114.95	1.90	0.13
Short Term Provisions	15.49	13.20	14.91	16.45	31.79
Total Current Liabilities	1,129.62	1,428.00	1,443.75	1,372.02	1,417.62
Total Liabilities	1,948.59	2,511.34	2,431.90	2,534.60	3,055.04
Gross Block	855.71	1,315.79	1,433.11	1,653.36	1,963.71
Less: Accumulated Depreciation	355.16	486.11	596.92	723.80	816.25
	500.55	829.68	836.19	929.56	1,147.46
	0.43	3.25	16.05	45.76	24.32
Non Current Investments		32.63		1.99	1.80
Long Term Investment	0.00	32.63		1.99	1.80
Long Term Loans & Advances	130.53	208.10	203.73	149.26	240.96
Other Non Current Assets	5.88	31.32	18.35	0.83	1.91
Total Non-Current Assets	696.89	1,129.17	1,091.58	1,136.87	1,417.21
Currents Investments	117.75	67.24	5.86	20.64	123.08
Inventories	1.43	0.41
Sundry Debtors	488.90	652.49	701.90	625.10	689.59
Cash and Bank	134.33	126.23	71.07	75.97	199.55
Other Current Assets	387.71	408.09	443.02	528.40	477.02
Short Term Loans and Advances	121.58	127.71	118.47	147.62	148.59
Total Current Assets	1,251.70	1,382.17	1,340.32	1,397.73	1,637.83
Net Current Assets (Including Current Investments)	122.08	-45.83	-103.43	25.71	220.21
Total Assets	1,948.59	2,511.34	2,431.90	2,534.60	3,055.04
	34.09	40.81	183.69	210.41	284.37
Total Debt	40.50	401.40	338.55	424.18	43.66
	74.62	77.07	67.41	60.52	117.88
Adjusted Book Value	68.11	70.35	61.53	55.24	117.88

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	26.33	34.54	-26.39	-7.66	40.71
Adjustment	176.51	245.93	297.43	316.22	369.23
Changes In working Capital	50.69	-87.24	-31.24	9.46	-56.23
Cash Flow after changes in Working Capital	253.53	193.23	239.80	318.02	353.71
Cash Flow from Operating Activities	190.98	119.40	226.86	343.17	253.61
Cash Flow from Investing Activities	-139.85	-310.02	-54.29	-154.75	-316.16
Cash Flow from Financing Activitie	-117.46	182.94	-276.12	-147.72	104.58
Net Cash Inflow / Outflow	-66.33	-7.68	-103.55	40.70	42.03
Opening Cash & Cash Equivalents	200.21	133.88	126.20	24.39	65.09
Cash & Cash Equivalent on Amalgamation / Take over / Merger			1.74
Closing Cash & Cash Equivalent	133.88	126.20	24.39	65.09	107.12

Ratios

Valuation

54.56

3.40

8.31

0.53

7.56

121.37

Profitability

1.32

10.40

0.38

5.13

0.15

Leverage & Liquidity

0.04

1.16

1.44

Returns

0.61

2.57

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	58.03	58.03	58.03	57.97	57.97	59.60	59.60	59.58	59.58	59.54
	23.02	23.15	20.93	19.07	18.66	17.51	16.73	18.68	18.53	19.12
	18.95	18.81	21.03	22.96	23.37	22.89	23.67	21.74	21.90	21.34
	41.97	41.97	41.97	42.03	42.03	40.40	40.40	40.42	40.42	40.46
No. of Shareholders	78,708	78,164	80,208	80,315	79,055	80,924	79,138	75,954	75,213	74,601

Mutual Funds Invested(12)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 11 active funds hold 10.92% in Mahindra Logistics Ltd., contributing to ₹473 Cr of holdings

Fund				As of
NI Nippon India Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	194.53	0.36	44,63,345	Sep '26
KO Kotak Infrastructure and Economic Reform Fund - Growth - Direct PlanInfrastructure	61.98	2.66	14,22,000	Sep '26
MM Mahindra Manulife Small Cap Fund - Growth - Direct PlanSmall cap Fund	53.29	0.99	12,22,609	Sep '26
UT UTI Transportation and Logistics Fund - Growth - Direct PlanEquity - Thematic Fund - Other	42.42	1.04	9,73,237	Sep '26
TA Tata Infrastructure Fund - Growth - Direct PlanInfrastructure	29.37	1.48	6,73,750	Sep '26
UT UTI Infrastructure Fund - Growth - Direct PlanInfrastructure	24.61	1.21	5,64,638	Sep '26
HE Helios Small Cap Fund - Growth - Direct PlanSmall cap Fund	23.85	1.26	5,47,161	Sep '26
WC WhiteOak Capital Special Opportunities Fund - Growth - Direct PlanEquity - Thematic Fund - Other	16.59	0.85	3,80,541	Sep '26
MM Mahindra Manulife Value Fund - Growth - Direct PlanEquity - Value Fund	13.83	1.36	3,17,342	Sep '26
KO Kotak Transportation & Logistics Fund - Growth - Direct PlanEquity - Thematic Fund - Other	10.79	1.98	2,47,500	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-28	Board Meeting	Quarterly Results
2026-06-29	Board Meeting	Quarterly Results
2026-04-23	Ex Dividend	Rs.2.5000 per share(25%)Final Dividend	2026-07-10	2026-07-10

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

LogisticsLogistics

Mahindra Logistics Ltd. operates in the Logistics sector under the Logistics industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Jignesh Parikh

Company Secretary & Compliance Officer

—

Anish Shah

Chairman

—

Hemant Sikka

Managing Director & CEO

₹11.86 Cr

Mar '26

Naveen Raju

Non Executive Director

—

Darius Pandole