Mahindra Logistics Limited

BSE: MAHLOG540768ISIN INE766P01016

Services
Logistics Solution Provider
BSE 1000

Share price

₹416.90+8.30 (+2.03%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: ₹450.90
52W low: ₹278.00
Off 52W high: -7.54%
1M return: +2.18%
3M return: +1.14%
6M return: +4.75%
1Y return: +21.35%
20D avg volume: 39,511
50 DMA: ₹404.69
200 DMA: ₹384.80

Key ratios Consolidated

Market cap: ₹4,139 Cr
Current price: ₹416.90
52W high / low: ₹450.90 / ₹278.00
Face value: ₹10.00
P/E: 48.65
P/B: 3.44
EPS (TTM): ₹8.57
Book value / share: ₹121.36
ROE: —
ROCE: 6.40%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹-63.46 Cr
Interest cover: 1.44
Dividend yield: 0.60%
Dividend / share (TTM): ₹2.50
Payout: 29.17%
Cash conversion cycle: -22.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,095	2,003	1,791	1,898	1,685	1,625	1,570	1,594	1,521	1,420	1,451	1,397
	8.42	9.83	3.86	5.26	2.94	5.07	2.17	6.25	1.73	5.67	2.88	2.26
	2,104	2,013	1,795	1,903	1,688	1,630	1,572	1,600	1,523	1,426	1,454	1,399
	2,063	1,974	1,763	1,883	1,694	1,635	1,571	1,602	1,528	1,428	1,463	1,413
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	0.02
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	122.00	113.89	106.26	110.20	106.46	104.48	95.63	101.28	104.74	101.95	93.78	107.79
	15.44	13.83	14.30	16.52	21.67	22.53	20.55	22.05	19.12	19.49	17.43	16.42
	76.58	72.31	69.89	71.69	71.72	64.57	58.39	59.01	53.96	54.96	51.28	51.46
	1,849	1,774	1,573	1,685	1,494	1,444	1,396	37.92	43.13	37.82	60.84	42.51
	40.36	39.11	32.02	19.84	-5.37	-5.78	0.93	-1.12	-4.97	-2.50	-9.22	-13.39
	0.00	0.00	0.00	-7.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.82
	40.36	39.11	32.02	12.48	-5.37	-5.78	0.93	-1.12	-4.97	-2.50	-9.22	-9.57
	11.43	11.23	9.59	6.43	2.95	3.62	6.24	6.11	4.64	5.34	2.69	6.83
	28.87	27.83	22.36	6.01	-8.36	-9.44	-5.29	-7.26	-9.61	-7.84	-11.91	-17.11
	2.64	2.56	2.04	0.33	-1.20	-1.50	-0.93	-1.25	-1.50	-1.29	-1.78	-2.42
Key metrics
	132.38	125.25	116.21	100.69	88.02	81.32	79.87	79.94	68.11	71.95	59.49	58.31
	6.30%	6.30%	6.50%	5.30%	5.20%	5.00%	5.10%	5.00%	4.50%	5.10%	4.10%	4.20%
	1.40%	1.40%	1.20%	0.30%	-0.50%	-0.60%	-0.30%	-0.50%	-0.60%	-0.60%	-0.80%	-1.20%
	3.10%	—	2.70%	—	1.00%	—	1.80%	—	—	—	—	—
	24.30%	23.30%	14.10%	19.10%	10.80%	14.40%	8.20%	14.10%	—	—	—	—
	445.30%	394.80%	522.70%	182.80%	13.00%	-20.40%	55.60%	57.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	7,788	6,999	6,105	5,506	5,128	4,083
	27.37	17.13	15.82	17.90	15.85	12.19
	7,815	7,016	6,121	5,524	5,144	4,095
	7,684	6,976	6,128	5,554	5,110	4,049
	0.00	0.00	0.00	0.41	6.58	9.81
	0.00	0.00	0.00	—	—	—
	452.35	427.40	403.60	404.70	354.56	300.00
	60.09	75.02	81.21	68.16	51.57	29.52
	290.47	277.87	226.32	208.99	189.50	134.51
	6,881	6,195	5,417	184.23	127.46	81.48
	131.33	40.71	-7.66	-30.21	34.54	45.82
	-7.36	-7.36	0.00	3.82	0.00	0.00
	123.97	33.35	-7.66	-26.39	34.54	45.82
	38.68	22.59	22.33	25.68	7.12	11.25
	85.07	10.57	-30.00	-53.09	24.63	34.58
	7.57	0.25	-4.97	-7.60	3.65	5.16
Key metrics
	474.53	386.24	299.87	250.76	275.61	209.85
	6.09%	5.50%	4.90%	4.60%	5.40%	5.10%
	1.09%	0.20%	-0.50%	-1.00%	0.50%	0.80%
	—	6.40%	6.10%	—	—	—
	20.30%	14.70%	10.90%	7.40%	25.60%	—
	—	135.20%	43.50%	-315.60%	-28.80%	—
	—	114.62	162.28	—	—	—
	—	23.99	-11.44	—	—	—
	—	0.04	0.93	—	—	—
	—	-63.46	359.09	—	—	—
	—	-22.3	-28.3	—	—	—
Balance sheet
	—	3,108	2,580	—	—	—
	—	1,638	1,398	—	—	—
	—	107.12	65.09	—	—	—
	—	689.59	625.10	—	—	—
	—	0.00	0.00	—	—	—
	—	127.14	118.04	—	—	—
	—	889.32	662.24	—	—	—
	—	1,119	1,100	—	—	—
	—	1,418	1,372	—	—	—
	—	43.66	424.18	—	—	—
	—	9.20	13.71	—	—	—
	—	34.46	410.47	—	—	—
	—	1,199	454.23	—	—	—
Cash flow
	—	253.61	343.17	—	—	—
	—	-316.16	-154.75	—	—	—
	—	104.58	-147.72	—	—	—
	—	138.99	180.89	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,714	1,655	1,414	1,545	1,367	1,346	1,293	1,327	1,236	1,157	1,183	1,160
	20.09	8.29	3.12	3.92	2.50	1.96	1.43	4.41	1.50	3.96	2.03	1.77
	1,734	1,663	1,417	1,549	1,369	1,348	1,295	1,331	1,237	1,161	1,185	1,162
	1,687	1,624	1,388	1,529	1,364	1,339	1,277	1,316	1,226	1,147	1,175	1,143
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	0.02
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	93.55	88.10	80.79	84.35	81.16	78.71	72.70	76.13	72.88	71.10	64.36	76.30
	13.02	11.58	12.02	14.30	16.79	16.02	13.68	15.05	12.20	13.38	11.51	10.17
	65.91	62.55	61.14	62.47	62.75	55.99	49.99	50.91	46.76	48.39	44.41	44.02
	1,515	1,462	1,234	1,368	1,204	1,188	1,141	27.49	34.39	30.22	45.60	27.33
	46.84	38.78	29.04	20.12	5.12	8.68	17.46	15.37	11.61	13.74	10.03	18.84
	0.00	0.00	0.00	-4.76	0.00	0.00	0.00	—	—	—	—	0.01
	46.84	38.78	29.04	15.36	5.12	8.68	17.46	15.37	11.61	13.74	10.03	18.85
	9.21	9.78	7.66	3.96	1.33	2.24	4.34	3.75	3.07	3.52	2.17	6.34
	37.63	29.00	21.38	11.40	3.79	6.44	13.12	11.62	8.54	10.22	7.86	12.51
	3.79	2.92	2.16	1.15	0.44	0.89	1.82	1.62	1.18	1.42	1.09	1.74
Key metrics
	125.77	112.91	102.20	92.13	84.66	80.69	81.13	81.33	70.57	75.51	65.95	73.04
	7.30%	6.80%	7.20%	6.00%	6.20%	6.00%	6.30%	6.10%	5.70%	6.50%	5.60%	6.30%
	2.20%	1.80%	1.50%	0.70%	0.30%	0.50%	1.00%	0.90%	0.70%	0.90%	0.70%	1.10%
	3.00%	—	2.20%	—	1.20%	—	2.70%	—	—	—	—	—
	25.40%	23.00%	9.30%	16.50%	10.60%	16.40%	9.30%	14.40%	—	—	—	—
	892.90%	350.30%	63.00%	-1.90%	-55.60%	-37.00%	66.90%	-7.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	6,328	5,672	5,013	4,530	4,459	3,631
	35.42	11.50	11.30	13.30	12.04	9.56
	6,363	5,683	5,024	4,543	4,471	3,641
	6,229	5,621	4,966	4,459	4,393	3,608
	0.00	0.00	0.00	0.41	6.58	9.81
	0.00	0.00	0.00	—	—	—
	346.79	325.01	292.81	284.94	289.04	282.20
	50.92	59.13	54.31	44.11	41.42	26.04
	252.07	242.35	196.05	177.54	169.17	130.41
	5,579	4,994	4,423	122.78	93.68	74.15
	134.78	62.96	58.18	84.04	77.74	32.69
	-4.76	-4.76	0.00	1.51	2.70	—
	130.02	58.20	58.18	85.55	80.44	32.69
	30.61	15.18	14.68	23.57	15.91	8.25
	99.41	43.02	43.50	61.98	64.53	24.44
	10.02	4.78	6.04	8.60	8.97	3.40
Key metrics
	433.01	359.68	308.54	307.20	291.03	189.14
	6.84%	6.30%	6.20%	6.80%	6.50%	5.20%
	1.57%	0.80%	0.90%	1.40%	1.40%	0.70%
	—	6.20%	9.80%	—	—	—
	18.66%	13.20%	10.70%	1.60%	22.80%	—
	184.27%	-1.10%	-29.80%	-4.00%	164.00%	—
	—	178.77	238.01	—	—	—
	—	5.95	8.77	—	—	—
	—	0.00	0.21	—	—	—
	—	-61.91	106.64	—	—	—
	—	-25.8	-35.6	—	—	—
Balance sheet
	—	3,034	2,318	—	—	—
	—	1,261	1,094	—	—	—
	—	61.91	43.36	—	—	—
	—	509.65	461.81	—	—	—
	—	0.00	0.00	—	—	—
	—	97.27	96.05	—	—	—
	—	777.64	591.47	—	—	—
	—	909.85	949.69	—	—	—
	—	1,149	1,170	—	—	—
	—	0.00	150.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	150.00	—	—	—
	—	1,476	699.25	—	—	—
Cash flow
	—	255.90	381.50	—	—	—
	—	-601.47	-226.09	—	—	—
	—	364.12	-127.36	—	—	—
	—	77.13	143.49	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +8.35%
Sales CAGR 5Y: —
Profit CAGR 3Y: -12.64%
Profit CAGR 5Y: —
Sales YoY (TTM): +18.66%
Profit YoY (TTM): +184.27%

Consolidated

Sales CAGR 3Y: +10.92%
Sales CAGR 5Y: —
Profit CAGR 3Y: -24.57%
Profit CAGR 5Y: —
Sales YoY (TTM): +20.30%
Profit YoY (TTM): +380.30%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 59.54%

Quarter	September 2026	June 2026
Promoter %	59.54%	59.58%

Holder	Type	Holding	Previous	Change
Mahindra & Mahindra Limited	Promoter	59.54%	—	—
Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund	Public	4.50%	5.44%	-0.94%
Kotak Infrastructure & Economic Reform Fund	Public	1.68%	1.68%	0.00%
Steinberg India Emerging Opportunities Fund Limited	Public	1.61%	1.61%	0.00%
Uti-Transportation And Logistics Fund	Public	1.55%	1.65%	-0.10%
Mahindra Manulife Small Cap Fund	Public	1.55%	1.55%	0.00%
Mahindra Teqo Private Limited (formerly known as MachinePulse Tech Private Limited)	Promoter Group	0.00%	0.00%	0.00%
Erkunt Traktor Sanayii A.S.	Promoter Group	0.00%	0.00%	0.00%
Mahindra Telephonics Integrated Systems Limited	Promoter Group	0.00%	0.00%	0.00%
PF Holdings B.V.	Promoter Group	0.00%	0.00%	0.00%
Mahindra eMarket Limited (formerly known as Mriyalguda Farm Solution Limited)	Promoter Group	0.00%	0.00%	0.00%
Mahindra Industrial Park Private Limited (formerly known as Industrial Cluster Private Limited)	Promoter Group	0.00%	0.00%	0.00%
Mahindra Overseas Investment Company (Mauritius) Limited	Promoter Group	0.00%	0.00%	0.00%
Neon Hybren Private Limited	Promoter Group	0.00%	0.00%	0.00%
Mahindra Blossom Developers Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Container Corporation Of India Ltd.	32,445	426.00	26.57	12.20%	+1.16% TTM	-7.03% TTM	-21.45%
Delhivery Limited	31,323	417.90	169.69	2.60%	+23.65% TTM	+33.62% TTM	-13.83%
SHADOWFAX TECHNOLOGIES LIMITED	16,398	279.35	73.18	6.70%	—	—	—
Blue Dart Express Ltd.	10,518	4,432.85	36.64	16.90%	+9.23% TTM	+15.83% TTM	-30.46%
Transport Corporation of India Ltd	6,635	863.60	14.31	15.20%	+11.54% TTM	+5.91% TTM	-26.87%
VRL Logistics Limited S	5,759	329.20	21.54	18.80%	—	—	+21.45%
TVS Supply Chain Solutions Limited	5,149	116.70	75.35	9.30%	+16.89% TTM	+26.44% TTM	-9.92%
Mahindra Logistics Limited	4,139	416.90	48.65	6.40%	+20.30% TTM	+380.30% TTM	+21.35%
Afcom Holdings Limited S	3,651	1,262.75	43.17	24.40%	—	—	+51.50%
Gateway Distriparks Limited	2,319	46.41	9.64	11.00%	+8.19% TTM	-38.77% TTM	-26.84%
TCI Express Limited	1,929	501.80	23.39	12.60%	+5.16% TTM	-0.59% TTM	-27.07%
SKYWAYS AIR SERVICES LIMITED	1,527	105.09	—	—	+25.14% FY26	+31.95% FY26	—
Allcargo Logistics Ltd	1,445	9.65	27.80	6.00%	-82.83% TTM	+156.50% TTM	—
Navkar Corporation Limited S	1,227	81.52	25.88	3.10%	+49.84% TTM	+304.97% TTM	-28.93%
Allcargo Global Limited	1,156	11.76	—	—	—	—	—
Reliance Industrial Infrastructure	1,061	702.35	89.35	2.90%	-23.65% TTM	-1.90% TTM	-21.09%
Western Carriers (India) Limited	946	92.77	25.76	8.00%	+9.28% TTM	-35.60% TTM	-30.27%
Shree Vasu Logistics Limited	851	740.00	—	—	—	—	—
Ritco Logistics Limited	774	270.25	29.67	15.70%	—	—	+5.94%
Sical Logistics Limited	616	77.25	8.38	17.40%	+51.67% TTM	+755.17% TTM	—
Transindia Real Estate Limited	600	24.43	14.64	3.60%	-0.32% TTM	-25.95% TTM	-19.69%
SNOWMAN LOGISTICS LIMITED S	563	33.69	61.25	3.50%	+6.82% TTM	+214.38% TTM	-30.75%
Glottis Limited	522	56.45	—	18.80%	—	—	-22.31%
PARADEEP PARIVAHAN LIMITED	492	308.90	—	27.30%	—	—	+109.99%
Lancer Container Lines Limited	413	11.11	26.67	1.80%	-33.61% TTM	+190.69% TTM	-38.69%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund28 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Transcript of Earnings Call held on Friday, 23 October 2026 on the Unaudited Standalone and Consolidated Financial Results for second quarter and half year ended 30 September 2026. Detailed ....27 Oct 2026 · Company Update / Earnings Call Transcript
Copy of Newspaper Publication of Financial Results for the quarter and half year ended 30 September 202624 Oct 2026 · Company Update / Newspaper Publication
Detailed disclosure is attached23 Oct 2026 · Company Update / Analyst / Investor Meet
Detailed intimation is attached.23 Oct 2026 · Company Update / Monitoring Agency Report
Please find attached herewith the Earnings Presentation for the second quarter and half year ended 30 September 2026. Detailed intimation is attached.23 Oct 2026 · Company Update / Investor Presentation
Please find attached herewith the Press Release for Q2FY27. Detailed disclosure is attached.23 Oct 2026 · Company Update / Press Release / Media Release
Detailed Disclosure is attached.23 Oct 2026 · Result / Financial Results
In compliance with Regulation 30 read with Schedule III, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure ....23 Oct 2026 · Board Meeting / Outcome of Board Meeting
Please find attached herewith the Certificate for the quarter ended 30 September 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Outcome of meeting with Analysts/ Institutional Investors/ Funds. Detailed intimation is enclosed.28 Sep 2026 · Company Update / Analyst / Investor Meet
In compliance with Regulation 30(6) read with schedule III and other applicable provisions of the SEBI Listing Regulations, we hereby inform about schedule of earnings conference call with ....28 Sep 2026 · Company Update / Analyst / Investor Meet
In terms of the Company''s code of conduct for prevention of Insider Trading in securities of Mahindra Logistics Limited, the Trading Window of the company will remain closed from Thursday, ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Mahindra Logistics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2026 ,inter alia, to consider and approve the unaudited Standalone ....28 Sep 2026 · Board Meeting / Board Meeting
Intimation of schedule of Analyst/Institutional Investor/Fund meeting scheduled to be held on 28 September 2026.23 Sep 2026 · Company Update / Analyst / Investor Meet
Detailed intimation w.r.t the ESG Rating received from NSE Sustainability & Ratings Ltd is attached.2 Sep 2026 · Company Update / General
Outcome of meeting with Analyst/Institutional Investors/Funds. Detailed intimation is enclosed.2 Sep 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, please find enclosed letters date 28 August 2026 issued by ICRA Limited ....28 Aug 2026 · Company Update / Credit Rating
Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - Intimation of Schedule of ....28 Aug 2026 · Company Update / Analyst / Investor Meet
Detailed intimation w.r.t allotment of Equity Shares on exercise of RSUs are attached.24 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Detailed disclosure is attached.1 Aug 2026 · Company Update / General
Detailed disclosure is attached.27 Jul 2026 · Company Update / General
Transcript of the Earnings Conference Call of the Company for the first quarter ended 30 June 2026 held on Tuesday 21 July 2026. Detailed disclosure is enclosed.27 Jul 2026 · Company Update / Earnings Call Transcript
Detailed disclosure is attached.23 Jul 2026 · Company Update / General
Detailed disclosure is attached.21 Jul 2026 · Company Update / Newspaper Publication
Detailed disclosure is enclosed21 Jul 2026 · Company Update / Analyst / Investor Meet
Detailed disclosure is attached.21 Jul 2026 · Company Update / Change in Directorate
Detailed proceeding of 19th Annual General Meeting is attached20 Jul 2026 · AGM/EGM / AGM
Detailed Voting Results and Scrutiniser''s Report is attached20 Jul 2026 · AGM/EGM / AGM
Detailed presentation is attached20 Jul 2026 · Company Update / General
Monitoring Agency Report for the quarter ended 30 June 2026.20 Jul 2026 · Company Update / Monitoring Agency Report
Detailed earning presentation is attached.20 Jul 2026 · Company Update / Investor Presentation
Detailed Press Release on the unaudited financial results for the first quarter ended 30 June 2026 is attached.20 Jul 2026 · Company Update / Press Release / Media Release
Detailed disclosure is attached.20 Jul 2026 · Company Update / General
Detailed disclosure is attached.20 Jul 2026 · Board Meeting / Outcome of Board Meeting
Detailed disclosure is attached.20 Jul 2026 · Result / Financial Results
In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that an earnings conference call is scheduled ....10 Jul 2026 · Company Update / Analyst / Investor Meet
Please find attached herewith the Certificate received from RTA for the quarter ended 30 June 20267 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Cessation of Internal Auditor upon conclusion of his term as Group Chief Internal Auditor of Mahindra and Mahindra, Holding Company. Detailed disclosure is attached30 Jun 2026 · Company Update / General
In terms of Company''s Code of Conduct for Prevention of Insider Trading in Securities of Mahindra Logistics Limited, the Trading Window of the Company will remain closed from Wednesday ....26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.5000	10 Jul 2026	10 Jul 2026	—
Right Issue of Equity Shares	23 Jul 2025	23 Jul 2025	—
Final Dividend - Rs. - 2.5000	11 Jul 2025	11 Jul 2025	—
Final Dividend - Rs. - 2.5000	12 Jul 2024	—	—

Board meetings

23 Oct 2026 Board Meeting - Financial Results
20 Jul 2026 Board Meeting - Financial Results