Mahindra Logistics Ltd. (MAHLOG) AI Stock Analysis

• Market Cap: ₹31.42B
• Dividend Yield: 0.71%
• Average Volume (3M): 14.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: 12.01%
• EPS Growth: 32.80%
• Country: IN
• Employees: 3,740
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): -1.37
• Shares Outstanding: 99,180,770
• 10 Day Avg. Volume: 10,576
• 30 Day Avg. Volume: 14,140
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹328.00
• Price Target Upside: 2.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: ₹328.00 ▲(2.53% Upside)

The overall stock score of 54 reflects the company's strong revenue growth and cash flow generation, which are offset by profitability challenges and high leverage. Technical indicators suggest a neutral to bearish outlook, and valuation metrics indicate potential overvaluation concerns.

Mahindra Logistics Ltd. Business Overview & Revenue Model

Company Description

Mahindra Logistics Ltd. (MAHLOG) is one of India's leading integrated logistics and supply chain management companies. It operates across various sectors including automotive, consumer goods, pharmaceuticals, e-commerce, and bulk. The company offers a comprehensive suite of services such as transportation, warehousing, in-factory logistics, and value-added services, designed to optimize supply chain operations for its clients.

How the Company Makes Money

Mahindra Logistics Ltd. generates revenue primarily through its logistics and supply chain solutions, which include transportation and warehousing services. The transportation segment involves providing dedicated, customized, and flexible transportation solutions, which is a significant revenue stream. The warehousing segment involves managing and operating warehouse facilities for clients, offering inventory management, and other value-added services. The company also leverages significant partnerships with major corporations across various sectors, enhancing its service offerings and customer base. Additionally, Mahindra Logistics benefits from its strategic focus on technology-driven solutions, which helps in improving operational efficiency and client satisfaction, thereby contributing to its financial performance.

Mahindra Logistics Ltd. Financial Statement Overview

Summary

Mahindra Logistics Ltd. demonstrates robust revenue growth and improving operational efficiency, as evidenced by higher margins and operating cash flow. However, challenges persist with respect to profitability and leverage, as indicated by negative net income and a high debt-to-equity ratio.

Income Statement

The company's revenue has shown consistent growth, with a notable 10.86% increase from 2024 to 2025. However, profitability remains a challenge as indicated by negative net income margins, although there is an improvement in EBIT and EBITDA margins. The gross profit margin has improved significantly compared to the previous year, indicating better cost management.

Balance Sheet

The company's balance sheet shows a moderate equity ratio of 16.97%, suggesting a relatively balanced capital structure. However, the high debt-to-equity ratio of 1.98 indicates potential leverage concerns, which could pose risks if not managed carefully. The return on equity has been negative due to the net losses, highlighting the need for profitability improvements.

Cash Flow

Operating cash flow has increased significantly, reflecting strong cash generation capabilities. The free cash flow to net income ratio indicates efficient cash conversion despite the net loss. The company has managed to maintain positive free cash flow, which is crucial for sustaining operations and funding growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	61.05B	61.05B	55.06B	51.28B	41.31B	32.64B
Gross Profit	16.54B	4.40B	1.71B	1.98B	1.32B	4.10B
EBITDA	1.82B	3.00B	2.51B	2.76B	1.98B	1.49B
Net Income	-358.50M	-358.50M	-547.40M	262.80M	175.60M	300.00M
Balance Sheet
Total Assets	25.80B	25.80B	24.77B	25.53B	19.31B	16.79B
Cash, Cash Equivalents and Short-Term Investments	966.10M	966.10M	769.10M	1.93B	2.52B	2.53B
Total Debt	8.69B	8.69B	7.39B	8.34B	4.02B	2.69B
Total Liabilities	21.26B	21.26B	19.73B	19.93B	13.40B	11.08B
Stockholders Equity	4.38B	4.38B	4.92B	5.62B	5.46B	5.68B
Cash Flow
Free Cash Flow	0.00	1.62B	1.56B	483.70M	949.80M	2.23B
Operating Cash Flow	0.00	3.43B	2.27B	1.19B	2.01B	2.94B
Investing Cash Flow	0.00	-1.55B	-542.90M	-3.10B	-1.40B	-1.08B
Financing Cash Flow	0.00	-1.48B	-2.76B	1.83B	-1.17B	-874.90M

Mahindra Logistics Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 319.90
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHLOG, the sentiment is Neutral. The current price of 319.9 is below the 20-day moving average (MA) of 322.35, below the 50-day MA of 331.30, and above the 200-day MA of 307.15, indicating a neutral trend. The MACD of -3.72 indicates Positive momentum. The RSI at 45.20 is Neutral, neither overbought nor oversold. The STOCH value of 38.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MAHLOG.

Mahindra Logistics Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GATEWAY	78 Outperform	₹31.99B	8.37		3.06%	23.58%	59.40%
TCIEXP	72 Outperform	₹26.22B	32.13		1.15%	-3.21%	-31.89%
Sector *	56 Neutral	$13.68B	11.93	10.03%	0.90%	7.13%	-12.93%
ALLCARGO	55 Neutral	₹31.57B	99.11		6.53%	17.82%	-314.42%
MAHLOG	54 Neutral	₹31.42B	―		0.71%	12.01%	32.80%
SABTNL	―	₹28.24B	―		―	―	―
SNOWMAN	55 Neutral	₹8.52B	146.27		1.84%	11.69%	-44.06%

Mahindra Logistics Ltd. Corporate Events

Mahindra Logistics Receives ESG Rating of 70.2

Mahindra Logistics Limited has received an ESG Score of 70.2 (Grade B+) from SES ESG Research Pvt. Ltd., a SEBI registered ESG Rating Provider. This rating, which was independently prepared by SES ESG based on publicly available data for the fiscal year 2024-25, highlights the company’s commitment to environmental, social, and governance standards, potentially enhancing its reputation and attractiveness to stakeholders.

Mahindra Logistics Announces Rs 749.27 Crore Rights Issue

Mahindra Logistics Limited has announced a rights issue to raise up to Rs 749.27 crores through the issuance of equity shares to eligible shareholders. This strategic move, approved by the Board of Directors, aims to strengthen the company’s capital base and enhance its financial flexibility, potentially impacting its market positioning and offering growth opportunities for stakeholders.