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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Supply Chain Management (94%), Enterprise Mobility Services (6%). Asset-light third-party logistics services business with two segments; contract-led revenue model undergoing margin-led turnaround
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4,083 | 5,128 | 5,506 | 6,105 | 6,999 |
| EBITDA (ex other income) | 198 | 260 | 233 | 284 | 369 |
| margin % | 4.8 | 5.1 | 4.2 | 4.7 | 5.3 |
| Owners' profit | 37 | 26 | (55) | (36) | 2 |
| EPS, as reported (₹) | 5.16 | 3.65 | (7.60) | (4.97) | 0.25 |
| ROE % · ROCE % | 5.9 · 8.6 | 4.4 · 7.7 | (10.5) · 4.0 | (6.6) · 6.1 | 0.9 · 6.4 |
| Debt / equity (x) | 0.06 | 0.72 | 0.67 | 0.93 | 0.04 |
| Cash from operations | 200 | 119 | 227 | 343 | 254 |
| Capex | (106) | (71) | (71) | (181) | (139) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,521 | 1,594 | 1,570 | 1,625 | 1,685 | 1,898 | 1,791 | 2,003 |
| Profit before tax | (5) | (1) | 1 | (6) | (5) | 12 | 32 | 39 |
| Net profit | (10) | (7) | (5) | (9) | (8) | 6 | 22 | 28 |
| EPS (₹) | (1.50) | (1.25) | (0.93) | (1.50) | (1.20) | 0.33 | 2.04 | 2.56 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Supply Chain Management | 6,613 | 94.3 |
| Enterprise Mobility Services | 290 | 4.1 |
| Enterprise Mobility Service | 111 | 1.6 |
| Total, before eliminations | 7,013 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CONTAINER CORP OF IND LTD | 38,024 | 30.5 | 2.91 | 16.2 | 9.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Mahindra Logistics gets ESG rating of 73 in Leader category from NSE Sustainability | business updates | medium | — | — |
| 2 Sept 2026 · Mahindra Logistics meets analysts at Elara Capital Conference | investor communications | low | — | — |
| 28 Aug 2026 · ICRA reaffirms AA/A1+ credit ratings on Mahindra Logistics facilities | credit debt | medium | — | — |
| 28 Aug 2026 · Schedule of analyst/investor meeting at Elara Capital Conference | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Allotment of 54,919 shares under RSU Plan 2018 | capital market events | low | — | — |
| 1 Aug 2026 · Mahindra Logistics gets CRISIL ESG rating of 66 in Strong category | credit debt | medium | — | — |
| 27 Jul 2026 · Mahindra Logistics gets 'Strong' ESG rating of 68 from independent agency | business updates | medium | — | — |
| 27 Jul 2026 · Q1 FY27 earnings call: revenue up 23%, PAT turns positive at INR 25.4 cr | investor communications | medium | — | — |
| 23 Jul 2026 · Mahindra Logistics gets ESG score of 69.7, Grade B from SES ESG Research | business updates | medium | — | — |
| 21 Jul 2026 · Mahindra Logistics publishes Q1 FY27 results - revenue up, profit turnaround | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 11.6 |
| 7.2 |
| 24.5 |
| DELHIVERY LIMITED | 32,882 | 351.3 | 3.39 | 33.6 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 14,920 | 92.7 | 8.55 | 59.0 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 11,490 | 40.0 | 6.47 | 12.1 | 13.9 | 13.4 | 13.3 | 16.7 |
| TRANSPORT CORPN OF INDIA | 6,587 | 14.4 | 2.53 | 11.9 | 17.7 | 14.4 | 11.9 | 11.3 |
| TVS SUPPLY CHAIN SOL L | 5,770 | 89.5 | 2.80 | 7.0 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 5,044 | 18.9 | 4.41 | — | 20.7 | 14.5 | — | 21.9 |
| Afcom Holdings Limited | 4,284 | 22.2 | 9.38 | — | 26.7 | 20.2 | — | 41.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 107.2 | 15.7 | 50 of 54 | 8% |
| P/B | 3.3 | 1.6 | 34 of 40 | 15% |
| ROCE | 2.0 | 6.8 | 45 of 56 | 20% |
| ROE | 0.9 | 5.7 | 33 of 42 | 22% |
| Debt / Equity | 0.0 | 0.2 | 8 of 42 | 83% |
| EBITDA margin | 6.3 | 8.7 | 31 of 43 | 29% |
| Revenue growth | 23.3 | 9.5 | 13 of 42 | 71% |
| Profit growth | 394.8 | 22.5 | 3 of 35 | 94% |
| Market cap | 3968 | 123 | 9 of 56 | 86% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
