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NSE:MAHLOG

MAHINDRA LOGISTIC LIMITED

Services › Transport Services
₹429.00
at close · 28 Oct 2026
▼ 5.25 (-1.21%)

Latest filings

  1. Nippon India Mutual Fund cuts Mahindra Logistics stake by 1.39% · Ownership Changes
  2. Q2 profit improves as Rivigo reaches EBITDA break-even · Investor Communications
  3. Mahindra Logistics posts Q2 profit of Rs 28.93 crore; revenue Rs 2,095 crore · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as a third-party logistics provider through two segments. Supply Chain Management generated ₹6,613.03 cr in FY26 (94.3% of segment revenue), covering Contract Logistics, B2B Express under the Rivigo brand, Freight Forwarding and Last Mile Delivery for corporate clients. Enterprise Mobility Services contributed ₹400.17 cr (5.7%), running corporate transportation fleets including an Alyte-branded taxi service being launched at Noida International Airport. The anchor customer is the promoter group, Mahindra and Mahindra, whose wallet share rose to roughly 60% from sub-50% on strong auto and tractor volumes. In Q1 FY27, Contract Logistics revenue grew 26% YoY to ₹1,623 cr, B2B Express revenue grew 58% to ₹152 cr with gross margin swinging from -₹3.6 cr to +₹9.2 cr, and Mobility revenue grew 38% to ₹111 cr; consolidated revenue was ₹2,003 cr and PAT was ₹25.4 cr versus a ₹10.8 cr loss a year earlier. Costs are dominated by other operating expenses at 88.5% of revenue, with employees at 6.1%, depreciation at 4.0% and capex at 2.0%; the company raised ₹749.27 cr via a rights issue to fund growth.

Revenue mix · reported segments
Supply Chain Management94.3%
Enterprise Mobility Services5.7%
Operating scale
Q1 FY27 consolidated revenue
₹2,003 cr (+23% YoY)Q1 FY27
Q1 FY27 Contract Logistics revenue
₹1,623 cr (+26% YoY)Q1 FY27
Q1 FY27 B2B Express (Rivigo) revenue
₹152 cr (+58% YoY)Q1 FY27
Q1 FY27 Mobility revenue
₹111 cr (+38% YoY)Q1 FY27
M&M wallet share
~60% (up from sub-50%)Q1 FY27
Warehouse white space target
95% reduction by Sept 2026 from 1.6 mn sq ft baseFY27 guidance
Who pays it
Corporate clients including Mahindra and Mahindra (promoter/anchor), with M&M wallet share at ~60%
Biggest cost
Other operating expenses at 88.5% of revenue (likely freight, fuel, outsourced transport and warehousing costs)
Kind of business
Asset-light third-party logistics services business with two segments; contract-led revenue model undergoing margin-led turnaround
Where it sits
Logistics arm of the Mahindra Group, with the holding company as its single largest customer; one of India's organised 3PL players competing against other listed transport and warehousing services providers
Market Cap
₹4,257 Cr
P / E (TTM)
115.0×
EV / EBITDA
9.8×
Div Yield
0.42%
Growth
16.5%▲
Revenue 5y CAGR
PAT -18.2% · EBITDA +21.0%
Quality
6.4%·
ROCE (5y median)
ROE 0.9% (5y median) · margin 5.5%
Leverage
0.04·
Debt / Equity · low
Net cash ₹63 Cr
Revenue FY21→FY26
2.1×▲
Margin −0.7 pts
₹3,264 Cr → ₹6,999 Cr
Moves on a normal day
1.35%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 55 Logistics Solution Provider peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#47/51
P/B#35/40
ROCE#45/55
ROE#33/40
Debt / Equity#6/40
EBITDA margin#31/43
Revenue growth#13/42
Profit growth#3/35

Scorecard

Measured from the filed financials, judged against its Logistics Solution Provider peers · as of FY26 — not investment advice

Strengths
Revenue compounding 17% a year over 5 years
Debt at 0.04× equity
lower than 87% of its 40 Logistics Solution Provider peers
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Profit shrinking over 5 years (−18% a year)
Returns on capital 6.4% (5-year median)
#45 of 55 in Logistics Solution Provider on the latest reported figures
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

MAHLOG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MAHINDRA LOGISTIC LIMITED's filed financials and exchange disclosures

What does MAHINDRA LOGISTIC LIMITED do?

MAHINDRA LOGISTIC LIMITED is a Transport Services company listed on NSE and BSE, trading under the symbol MAHLOG.

Is MAHINDRA LOGISTIC LIMITED profitable?

Yes. Over the trailing twelve months MAHINDRA LOGISTIC LIMITED reported a net profit of ₹48 Cr on revenue of ₹7,378 Cr.

Does MAHINDRA LOGISTIC LIMITED pay a dividend?

Yes. The dividend yield is 0.42% at the current price. It paid out 171% of its profit as dividend in FY26.

Is MAHINDRA LOGISTIC LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹44 Cr on its 31 Mar 2026 balance sheet, but holds ₹63 Cr more cash than debt.

Is MAHINDRA LOGISTIC LIMITED expensive compared with its peers?

On trailing P/E, MAHINDRA LOGISTIC LIMITED ranks 47 of 51 in Logistics Solution Provider — cheaper than 8% of them, against an industry median of 15.6×. This is a position, not a valuation judgement.

How much does the MAHINDRA LOGISTIC LIMITED share price move in a day?

On a typical session MAHINDRA LOGISTIC LIMITED moves 1.35% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MAHINDRA LOGISTIC LIMITED's announcements?

Every NSE and BSE filing by MAHINDRA LOGISTIC LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.