Mahindra Logistics Ltd. (MAHLOG) AI Stock Analysis

• Market Cap: ₹30.56B
• Dividend Yield: 0.69%
• Average Volume (3M): 6.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: 11.82%
• EPS Growth: 28.42%
• Country: IN
• Employees: 3,740
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): -1.00
• Shares Outstanding: 99,180,770
• 10 Day Avg. Volume: 7,222
• 30 Day Avg. Volume: 6,274
• PEG Ratio: 1.41
• Price to Book (P/B): 4.00
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 10.80
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: ₹324.00 ▲(2.92% Upside)

The overall stock score of 51 reflects a mixed outlook for Mahindra Logistics Ltd. The company's strong revenue growth and operational efficiency improvements are positive, but significant challenges remain in profitability and leverage. Technical indicators suggest bearish momentum, and valuation metrics highlight concerns due to negative earnings. The absence of earnings call insights and corporate events further limits the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective service offerings, supporting long-term business expansion and stability.

Cash Generation

Strong cash generation enhances financial flexibility, enabling the company to invest in growth opportunities and manage debt effectively.

Operational Efficiency

Improved operational efficiency suggests better cost management and resource utilization, contributing to sustainable profitability over time.

Negative Factors

Profitability Challenges

Negative net income margins highlight ongoing profitability issues, which could hinder reinvestment and growth if not addressed.

High Leverage

High leverage can increase financial risk, limiting the company's ability to withstand economic downturns and invest in new opportunities.

Negative Return on Equity

Negative return on equity suggests inefficiencies in generating profits from shareholders' investments, impacting investor confidence and capital raising.

Mahindra Logistics Ltd. Business Overview & Revenue Model

Company Description

Mahindra Logistics Limited provides integrated logistics and mobility solutions in India and internationally. It operates through two segments, Supply Chain Management (SCM) and Enterprise Mobility Services (EMS). The SCM segment provides customized and end-to-end logistics solutions and services, including transportation and distribution, warehousing, in-factory logistics, and value-added services. It also offers B2B express/part truck load, freight forwarding, last-mile delivery, and micro fulfillment and electric cargo delivery services. This segment serves domestic and multinational companies operating in various industry verticals, including automotive, engineering, e-commerce, consumer goods, pharmaceuticals, telecom, and commodities. The EMS segment provides technology-enabled people transportation solutions and services for domestic and multinational companies operating in the information technology, information technology-enabled service, business process outsourcing, financial services, consulting, e-commerce, and manufacturing industries. This segment offers integrated technology services, such as application-based interactions for route planning and optimization, round-the-clock control tower operations for tracking vehicles and passengers, and electric vehicle telematics. It also provides freight forwarding services for exports and imports, customs brokerage operations, project cargo services, and air charters; and logistics and transportation services to original equipment manufacturers for carrying finished automobiles. The company was founded in 2000 and is based in Mumbai, India. Mahindra Logistics Limited is a subsidiary of Mahindra & Mahindra Limited.

How the Company Makes Money

Mahindra Logistics generates revenue primarily through its diverse logistics services, including third-party logistics (3PL) solutions, which account for a significant portion of its income. The company earns money by providing warehousing, transportation, and value-added services to various industries, including automotive, consumer goods, and e-commerce. Key revenue streams include long-term contracts with major clients, service fees for transportation and handling, and storage fees from its extensive network of warehouses. Additionally, Mahindra Logistics has formed strategic partnerships with various companies to expand its service offerings and enhance operational efficiency, contributing to its overall profitability.

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. Overall, the company shows promise in terms of growth potential, but needs to address profitability and debt management to enhance financial health.

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	63.09B	61.05B	55.06B	51.28B	41.31B	32.64B
Gross Profit	30.02B	1.92B	1.71B	1.98B	1.32B	1.27B
EBITDA	1.86B	3.00B	2.51B	2.76B	1.98B	1.49B
Net Income	-373.30M	-358.50M	-547.40M	262.80M	175.60M	300.00M
Balance Sheet
Total Assets	0.00	25.80B	24.77B	25.53B	19.75B	16.79B
Cash, Cash Equivalents and Short-Term Investments	965.80M	966.10M	769.10M	1.93B	2.52B	2.53B
Total Debt	0.00	8.69B	7.39B	8.34B	4.02B	2.69B
Total Liabilities	-4.54B	21.26B	19.73B	19.93B	14.29B	11.08B
Stockholders Equity	4.54B	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	1.91B	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: Negative
• Last Price: 314.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHLOG, the sentiment is Negative. The current price of 314.8 is below the 20-day moving average (MA) of 318.41, below the 50-day MA of 325.53, and below the 200-day MA of 316.35, indicating a bearish trend. The MACD of -3.46 indicates Positive momentum. The RSI at 38.14 is Neutral, neither overbought nor oversold. The STOCH value of 18.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	66 Neutral	₹28.80B	7.40	―	3.13%	36.01%	71.71%
TCIEXP	63 Neutral	₹20.55B	25.06	―	1.37%	-2.79%	-26.28%
ALLCARGO	62 Neutral	₹10.91B	-10.21	―	19.52%	-15.70%	-343.97%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MAHLOG	51 Neutral	₹30.56B	-67.50	―	0.69%	11.82%	28.42%
SABTNL	51 Neutral	₹46.91B	-464.69	―	―	―	―
SNOWMAN	50 Neutral	₹6.45B	220.96	―	2.44%	9.91%	-66.86%

Mahindra Logistics Ltd. Corporate Events

Mahindra Logistics Secures ESG Rating of 78

Mahindra Logistics Limited has received an ESG rating of ’78’ from NSE Sustainability Ratings & Analytics Ltd, an independent SEBI registered ESG Rating Provider. This rating, 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 sustainability-focused investors.

Mahindra Logistics Releases Q2 2025 Earnings Call Transcript

Mahindra Logistics Limited has released the transcript of its earnings conference call for the second quarter and half year ended 30 September 2025. The call, held on 28 October 2025, involved discussions with analysts, institutional investors, and funds, providing insights into the company’s financial performance and strategic direction.

Mahindra Logistics Approves Rs. 50 Crore Investment in Subsidiary MESPL

Mahindra Logistics Limited’s Board of Directors has approved an investment of up to Rs. 50 crores in its wholly-owned subsidiary, MLL Express Services Private Limited (MESPL), through a rights issue. This capital infusion aims to support MESPL’s working capital needs and general corporate purposes, ensuring continued operations without altering the company’s shareholding structure in MESPL.

Mahindra Logistics Invests Rs. 50 Crores in Wholly-Owned Subsidiary

Mahindra Logistics Limited has approved an investment of up to Rs. 50 crores in its wholly-owned subsidiary, MLL Express Services Private Limited (MESPL), by subscribing to a rights issue. This capital infusion aims to meet MESPL’s working capital requirements and support its ongoing operations, ensuring the subsidiary remains fully owned by Mahindra Logistics. The move is expected to strengthen MESPL’s financial position without altering the company’s shareholding structure.

Mahindra Logistics Schedules Q2FY26 Earnings Call

Mahindra Logistics Limited has announced an upcoming earnings conference call scheduled for October 28, 2025, to discuss its unaudited standalone and consolidated financial results for the second quarter and half-year ending September 30, 2025. This call will involve analysts, institutional investors, and funds, providing them with insights into the company’s financial performance, which could impact stakeholder perceptions and market positioning.

Mahindra Logistics Supports IEPF’s ‘Saksham Niveshak’ Campaign

Mahindra Logistics Limited has announced its support for the ‘Saksham Niveshak – 100 Days Campaign’ initiated by the Investor Education and Protection Fund (IEPF) Authority. The campaign, running from July 28 to November 6, 2025, encourages shareholders to update their KYC details and claim unpaid or unclaimed dividends since the financial year 2017-18. This initiative aims to prevent the transfer of such dividends to the IEPF, thereby safeguarding shareholder investments. The company is actively reaching out to shareholders through emails and physical letters to ensure participation in the campaign.