MAHLOG · Mahindra Logistics Ltd · Trucking
MAHLOG · Mahindra Logistics Ltd · Trucking
As of 05 Nov close
52-week range
6.5% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹2,003 Cr
Revenue YoY
PAT YoY
+335.1%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.1
P/S (TTM)
0.5
Sector P/E
10.5
Dividend yield
+0.6%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MAHLOG (this stock) | 100.4 | 4.1 | +0.5% | +3.3% | 0.55 | +0.6% |
| Transport Corporation of India | 15.7 | 2.8 | +9.3% | +19.3% | 8.83 | +1.1% |
| VRL Logistics | 15.4 | 4.3 | +8.0% | +23.4% | 1.01 | +1.7% |
| Antony Waste Handling Cell | 15.6 | 1.7 | +8.7% | +10.8% | 40.51 | Not available from data source |
Promoter
stable
FII
falling 1q
MF
12.75% (+0.40pp)
rising 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Mahindra Logistics Limited reported a strong start to FY27 during its earnings conference call held on July 21, 2026. Management highlighted a significant turnaround in profitability, with a PAT profit of INR 25.4 crores compared to a loss of INR 10.8 crores in Q1 FY26. Consolidated revenue grew by 23% year-on-year, driven by improvements in various business segments, particularly in Contract Logistics and B2B Express, which saw revenue increases of 26% and 58% respectively. Management emphasized a disciplined approach to operational excellence and customer focus, aiming for sustainable growth. They noted challenges in the Last Mile Delivery segment, which experienced a strategic decline in revenue to prioritize profitability. The company is on track to reduce white space in warehousing by 95% by September 2026. Overall, management expressed confidence in their transformation efforts and the potential for continued growth across their logistics services.
Management emphasized strong financial performance and strategic growth initiatives.
Sourced from an exchange-filed transcript, dated 27 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Mahindra Logistics Limited for the first quarter ended June 30, 2026, reported a strong performance across various business segments. Management highlighted a 26% year-over-year revenue growth in Contract Logistics, reaching ₹1,623 Cr, with gross margins increasing by 21% to ₹166 Cr. The Express segment saw a significant revenue increase of 58% year-over-year to ₹152 Cr, with a turnaround in gross margins. Last Mile Delivery generated ₹71 Cr in revenue, prioritizing profitable business, while Freight Forwarding reported ₹45 Cr. Mobility revenue grew by 38% year-over-year to ₹111 Cr. Management emphasized a focus on operational excellence, customer satisfaction, and technology-led solutions as key drivers of growth. The presentation also outlined corporate social responsibility initiatives and sustainability efforts, including a commitment to carbon neutrality by 2040.
Management emphasized strong revenue growth and improved profitability across business segments.
Sourced from an exchange-filed presentation, dated 20 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Mahindra Logistics Limited's investor presentation for the fourth quarter and financial year ended March 31, 2026, reported a revenue of ₹1,791.4 crore, reflecting a 14% year-over-year growth. The presentation highlighted significant performance across various business segments, including Contract Logistics with a revenue of ₹1,381 crore (12% growth YoY) and Express with ₹139 crore (49% growth YoY). Management noted margin expansions across segments, with gross margins increasing by 19% YoY to ₹188.9 crore. CEO Hemant Sikka emphasized the company's transformation journey, focusing on operational excellence and customer satisfaction. The presentation also outlined strategic imperatives, including a turnaround in the Express business and leveraging technology for differentiation. Additionally, the company reported a profit after tax of ₹20.2 crore for Q4 FY26, compared to ₹3.3 crore in the previous quarter. The document included details on corporate social responsibility initiatives and sustainability efforts.
Management emphasized growth and operational improvements across business segments.
Sourced from an exchange-filed presentation, dated 23 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMahindra Logistics Limited's FY2025-26 annual report highlights strong internal controls with no material weaknesses identified, compliance with governance standards, and a rights issue increasing equity. The company faced no new insolvency proceedings, and a pending case was settled. Financial ratios show improved working capital but lower returns due to equity expansion. No major legal or regulatory issues were reported, and the auditor provided an unmodified opinion on financial statements.
- Internal controls were effective with no material weaknesses identified by auditors.
- No new insolvency proceedings initiated; a pending case was settled.
- Rights issue increased equity, impacting return on equity negatively.
- Financial ratios show improved working capital but lower returns due to higher equity base.
- Auditor provided unmodified opinion on consolidated financial statements.
Key takeaway: Mahindra Logistics Limited maintained strong internal controls and resolved pending legal issues in FY2025-26, though increased equity from a rights issue led to lower returns, indicating potential dilution of shareholder value.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues in arrears for more than six months as of 31 March 2025, including disputes over Value Added Tax, Service Tax, Goods and Service Tax, and Income Tax, with amounts totaling ₹21.73 Cr. paid under protest.
Routine disclosures
Contingent Liability
4 occurrencesRecent (last 12 months)
The company has contingent liabilities related to tax claims (VAT, Service Tax, Income Tax, GST, Advertisement tax, and other matters) for which the group does not expect any payout, but the timing of cash outflows is uncertain pending resolution of appellate/court proceedings.
Earlier (1-3 years ago)
The company has contingent liabilities including claims against the group not acknowledged as debt, such as VAT, Service Tax, Income Tax, GST, and corporate guarantees for subsidiaries, though no payout is expected.
The company has contingent liabilities related to VAT, Service Tax, Income Tax, GST, and corporate guarantees for subsidiaries, though no payout is expected.
Older (3+ years ago)
Mahindra Logistics Limited has contingent liabilities related to VAT, Service Tax, Income Tax, and other matters, though no payout is expected. The company cannot estimate cash outflows pending resolution of appellate/court proceedings.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
Mahindra Logistics Limited has provided a loan of 2 X 2 Logistics Private Limited for capital expenditure on vehicles/fleets at 8.05%. The loan is not repayable on demand and terms are equivalent to arm's length transactions.
Earlier (1-3 years ago)
The Audit Committee reviews, approves and monitors related party transactions of the Subsidiaries to which the Company is not a party, exceeding 10% of the annual standalone turnover.
Older (3+ years ago)
The company proposes to enter into Material Related Party Transactions with Mahindra & Mahindra Limited, its Promoter and Holding Company.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has pending disputes with tax authorities for Value Added Tax in Bihar and Telangana, and Service Tax, with amounts in dispute for the periods 2013-14 and 2015-16 to 2017-18.
Management & Board Governance
1 occurrenceOlder (3+ years ago)
Mr. V. S. Parthasarathy, the erstwhile Chairman and Non-Executive Director, resigned from the Board effective 2nd April 2021 to pursue other interests. He also ceased to be a Member of the NRC from that date.