Mahindra Logistics Ltd. (IN:MAHLOG)
:MAHLOG
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Mahindra Logistics Ltd.
(MAHLOG)
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Rating:53Neutral
Price Target:
₹360.00
▲(14.36% Upside)
Action:Reiterated
Date:04/25/26
The score is driven primarily by mixed financial performance: strong revenue growth and improved leverage are offset by very weak/unstable profitability and softer recent free-cash-flow momentum. Technicals are supportive with strong trend strength, but momentum looks stretched. Valuation is a major constraint due to an extremely high P/E and low dividend yield.
Positive Factors
Consistent revenue growth
Sustained top-line expansion across 2022–2026 indicates the company is winning and retaining contracts across sectors. Durable revenue growth supports scale benefits, fixed-cost absorption, and long-term bargaining power with carriers and customers, strengthening structural competitiveness.
Negative Factors
Weak and volatile profitability
Large swings in net results point to unstable underlying margins and contract economics. Volatility constrains retained earnings, makes planning harder, and limits ability to invest in differentiation or absorb cost shocks, raising execution risk over the 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line expansion across 2022–2026 indicates the company is winning and retaining contracts across sectors. Durable revenue growth supports scale benefits, fixed-cost absorption, and long-term bargaining power with carriers and customers, strengthening structural competitiveness.
Read all positive factors
Mahindra Logistics Ltd. (MAHLOG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.18B
Dividend Yield0.69%
Average Volume (3M)6.27K
Price to Earnings (P/E)1532.3
Beta (1Y)1.68
Revenue Growth14.65%
EPS Growth95.62%
CountryIN
Employees3,740
SectorServices
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)-4.75
Shares Outstanding99,222,480
10 Day Avg. Volume7,222
30 Day Avg. Volume6,274
Financial Highlights & Ratios
PEG Ratio-12.67
Price to Book (P/B)2.59
Price to Sales (P/S)0.44
P/FCF Ratio26.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.53
Revenue Forecast (FY)₹80.50B
Mahindra Logistics Ltd. Business Overview & Revenue Model
Company Description
Mahindra Logistics Ltd. offers comprehensive logistics and people transportation solutions, operating across India and internationally. The company's business is structured into two main divisions: Supply Chain Management (SCM) and Enterprise Mobi...
How the Company Makes Money
Mahindra Logistics makes money primarily by delivering logistics and mobility services under contracts for corporate customers, earning service fees based on the scope and volume of activity managed.
Key revenue streams include:
- Integrated logi...
Mahindra Logistics Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.74B | 69.99B | 61.05B | 55.06B | 51.28B | 41.31B |
| Gross Profit | 30.07B | 62.94B | 1.92B | 1.71B | 1.98B | 1.32B |
| EBITDA | 2.06B | 3.86B | 3.00B | 2.51B | 2.76B | 1.98B |
| Net Income | -369.30M | 22.90M | -358.50M | -547.40M | 262.80M | 175.60M |
Balance Sheet | ||||||
| Total Assets | 31.28B | 31.08B | 25.80B | 24.77B | 25.53B | 19.75B |
| Cash, Cash Equivalents and Short-Term Investments | 2.43B | 8.19B | 966.10M | 769.10M | 1.93B | 2.52B |
| Total Debt | 6.76B | 6.50B | 8.69B | 7.39B | 8.34B | 4.02B |
| Total Liabilities | 19.63B | 19.09B | 21.26B | 19.73B | 19.93B | 14.29B |
| Stockholders Equity | 11.45B | 11.75B | 4.38B | 4.92B | 5.62B | 5.46B |
Cash Flow | ||||||
| Free Cash Flow | -1.11B | 1.15B | 1.62B | 1.56B | 483.70M | 949.80M |
| Operating Cash Flow | -356.10M | 2.54B | 3.43B | 2.27B | 1.19B | 1.91B |
| Investing Cash Flow | -2.42B | -3.16B | -1.55B | -542.90M | -3.10B | -1.40B |
| Financing Cash Flow | 2.54B | 1.05B | -1.48B | -2.76B | 1.83B | -1.17B |
Mahindra Logistics Ltd. Technical Analysis
Positive
314.80
Price Trends
376.13
Negative
374.76
Negative
353.51
Positive
Market Momentum
-6.17
Negative
50.45
Neutral
73.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHLOG, the sentiment is Positive. The current price of 314.8 is below the 20-day moving average (MA) of 346.91, below the 50-day MA of 376.13, and below the 200-day MA of 353.51, indicating a neutral trend. The MACD of -6.17 indicates Negative momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 73.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAHLOG.
Mahindra Logistics Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹343.83B | 224.51 | ― | ― | 17.65% | -6.32% | |
63 Neutral | ₹115.51B | 46.71 | ― | 0.46% | 7.35% | -1.99% | |
62 Neutral | ₹72.22B | 15.80 | ― | 0.94% | 9.46% | 11.60% | |
60 Neutral | ₹60.00B | 52.26 | ― | ― | 10.08% | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
53 Neutral | ₹35.18B | 1,532.32 | ― | 0.69% | 14.65% | 95.62% | |
48 Neutral | ₹13.63B | -16.68 | ― | 19.52% | -66.71% | -356.19% |
* Services Sector Average
IN:MAHLOG
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Mahindra Logistics Ltd. Corporate Events
Mahindra Logistics Updates Markets on Investor Roadshow Engagement
Jun 9, 2026
Mahindra Logistics Ltd. informed stock exchanges that it participated in a non-deal roadshow in Mumbai hosted by Elara Capital, engaging in physical meetings with several analysts, institutional investors, and funds. During these interactions, man...
Mahindra Logistics Posts 15% FY26 Revenue Growth and Returns to Profit
Apr 23, 2026
Mahindra Logistics reported consolidated revenue of Rs. 6,999 crore for FY26, a 15% year-on-year rise from Rs. 6,105 crore, with EBITDA improving to Rs. 376 crore and reported profit after tax turning positive at Rs. 2.3 crore versus a loss in the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.