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Companies›Services›Services›Transport Services

MFL INDIA LTD.

Services › Transport Services
₹0.40
at close · 28 Oct 2026
▲ 0.02 (+5.26%)

Latest filings

  1. MFL India files Reg 74(5) certificate for September 2026 quarter · Compliance
  2. MFL India appoints Secretarial Auditor for 5-year term · Management Changes
  3. MFL India 43rd AGM: All 5 resolutions passed by shareholders · 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

Provides transport and logistics services, classified by the exchange as a Logistics Solution Provider in the Services macro-sector. All FY26 revenue of Rs 66.03 crore comes from a single Transport Segment, with quarterly transport revenue rising from Rs 14.00 crore in Q1 FY26 to Rs 17.83 crore in Q3 FY26. The cost base is overwhelmingly dominated by other operating expenses at 98.0% of revenue, with employee cost at 1.7% and depreciation at 3.3%; capex for FY26 was Rs 4.01 crore. The company runs related-party transactions with Shri Krishan Aggregates and Artha Logistics, and has borrowings of about Rs 2,724 lakh including loans of Rs 2,300 lakh from managing director Anil Thukral. The balance sheet carries negative retained earnings and a negative debt-to-equity ratio of -20.07, with negative operating cash flow of Rs 290.11 lakh in H1 FY26.

Operating scale
Transport Segment revenue, Q1 FY26
Rs 14.00 croreQ1 FY26
Transport Segment revenue, Q3 FY26
Rs 17.83 croreQ3 FY26
FY26 capex
Rs 4.01 croreFY26
Loans from Managing Director outstanding
Rs 2,300 lakhFY26
Total borrowings
Rs 2,724 lakhH1 FY26
H1 FY26 operating cash flow
Negative Rs 290.11 lakhH1 FY26
Who pays it
Clients of its transport and logistics services, including related parties Shri Krishan Aggregates and Artha Logistics
Biggest cost
Other operating expenses at 98.0% of revenue, likely transport and freight sub-contracting
Kind of business
Small, single-segment transport and logistics services company with negative net worth and related-party dependence
Where it sits
BSE-listed Logistics Solution Provider in the Transport Services industry
Market Cap
₹14 Cr
P / E (TTM)
3.3×
EV / EBITDA
129.8×
Div Yield
—
Growth
-86.8%▼
Revenue 5y CAGR
PAT -91.3% · EBITDA -93.8%
Quality
-8.2%·
ROCE (FY26)
ROE n/m · margin 0.4%
Leverage
n/m·
Debt / Equity · negative net worth
Net debt ₹23 Cr
Revenue FY20→FY26
0.0×▼
Margin −2715.1 pts
₹1.19 L Cr → ₹66 Cr
Cash conversion
0.10×▼
Operating cash ÷ profit · 4 yrs
₹31,794 Cr on ₹3.10 L Cr
Moves on a normal day
2.22%·
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)#3/51
ROCE#54/55
EBITDA margin#40/43
Revenue growth#15/42
Profit growth#20/35

Scorecard

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

Strengths
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Revenue shrinking over 5 years (−87% a year)
Profit shrinking over 5 years (−91% a year)
Negative returns on capital — −8.2%
#54 of 55 in Logistics Solution Provider on the latest reported figures · down from 716.0% in FY20
Negative net worth — liabilities exceed assets by ₹1.20 Cr (FY26)
Debt-to-equity and return on equity are not meaningful below zero equity
Over 4 years it reported ₹3.10 L Cr of profit and ₹31,794 Cr of operating cash — 0.10×
Less than 60p of every ₹1 of profit arrived as cash

Charts

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

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 MFL INDIA LTD.'s filed financials and exchange disclosures

What does MFL INDIA LTD. do?

MFL INDIA LTD. is a Transport Services company listed on BSE.

Is MFL INDIA LTD. profitable?

Yes. Over the trailing twelve months MFL INDIA LTD. reported a net profit of ₹1.58 Cr on revenue of ₹66 Cr.

Does MFL INDIA LTD. pay a dividend?

Not in the latest reported year — MFL INDIA LTD.'s dividend payout for FY26 was nil.

Is MFL INDIA LTD. debt-free?

No. It reported borrowings of ₹24 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹23 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹1.20 Cr, so a debt-to-equity ratio is not meaningful.

Is MFL INDIA LTD. expensive compared with its peers?

On trailing P/E, MFL INDIA LTD. ranks 3 of 51 in Logistics Solution Provider — cheaper than 96% of them, against an industry median of 15.6×. This is a position, not a valuation judgement.

How much does the MFL INDIA LTD. share price move in a day?

On a typical session MFL INDIA LTD. moves 2.22% — 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 MFL INDIA LTD.'s announcements?

Every NSE and BSE filing by MFL INDIA LTD. 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.