Mahindra Logistics Ltd - Stock Valuation and Financial Performance

BSE: 540768 | NSE: MAHLOG | Logistics | Small Cap

Mahindra Logistics Share Price

416.05 -3.00 -0.72%
as on 19-Mar'24 16:42

DeciZen - make an informed investing decision on Mahindra Logistics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Mahindra Logistics stock performance -

mw4me loader
P/E Ratio (SA):
39.45
Market Cap:
3,018.7 Cr.
52-wk low:
347.2
52-wk high:
460

Is Mahindra Logistics Ltd an attractive stock to invest in?

1. Is Mahindra Logistics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahindra Logistics Ltd is a good quality company.

2. Is Mahindra Logistics Ltd undervalued or overvalued?

The key valuation ratios of Mahindra Logistics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Mahindra Logistics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mahindra Logistics Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mahindra Logistics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mahindra Logistics Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 35%21.1%13.1%13.8%16.3%18.5%12.5%7%7.5%13.6%-
Value Creation
Index
1.50.5-0.10.00.20.3-0.1-0.5-0.50.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7501,9171,9952,5893,2203,6663,2612,9593,6314,4594,401
Sales YoY Gr.-9.5%4.1%29.8%24.4%13.8%-11%-9.3%22.7%22.8%-
Adj EPS 66.76.16.58.811.97.73.83.48.710.6
YoY Gr.-11.6%-9.6%6.1%35.5%35.7%-34.9%-51.1%-9.8%156%-
BVPS (₹) 21.137.743.951.358.96974.276.978.686.392.4
Adj Net
Profit
36.841.337.344.962.284.855.327.124.562.877
Cash Flow from Ops. 48.632-53-342.591.980.4281204146-
Debt/CF from Ops. 0000000001-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11%6.7%11%22.8%
Adj EPS 4.2%-0.1%4.1%156%
BVPS17%7.9%5.2%9.8%
Share Price - -3.6% -7.1% 13.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3521.113.113.816.218.510.64.94.310.411.9
Op. Profit
Mgn %
2.92.92.62.63.23.84.54.14.96.17
Net Profit
Mgn %
2.12.21.91.71.92.31.70.90.71.41.7
Debt to
Equity
0000000000.2-
Working Cap
Days
515057687681102115988946
Cash Conv.
Cycle
-9-8-2-1-1-7-14-29-41-40-2

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.90%

Sales growth is growing at healthy rate in last 3 years 10.99%

Sales growth is not so good in last 4 quarters at 1.21%

Latest Financials - Mahindra Logistics Ltd.

Standalone Consolidated
TTM EPS (₹) 10.6 -5.9
TTM Sales (₹ Cr.) 4,401 5,328
BVPS (₹.) 92.4 70
Reserves (₹ Cr.) 593 432
P/BV 4.54 5.99
PE 39.45 0.00
From the Market
52 Week Low / High (₹) 347.15 / 460.00
All Time Low / High (₹) 199.00 / 819.15
Market Cap (₹ Cr.) 3,019
Equity (₹ Cr.) 72
Face Value (₹) 10
Industry PE 32.3

Management X-Ray of Mahindra Logistics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mahindra Logistics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,7501,9171,9952,5893,2203,6663,2612,9593,6314,459
Operating Expenses 1,6991,8611,9442,5213,1163,5283,1132,8383,4524,186
Manufacturing Costs1,5501,6311,7332,2352,7843,1582,7292,4593,0313,748
Material Costs13400000097
Employee Cost 88118145182219251291280282289
Other Costs 6079661031131199398129142
Operating Profit 51565168104138148121179273
Operating Profit Margin (%) 2.9%2.9%2.6%2.6%3.2%3.8%4.5%4.1%4.9%6.1%
Other Income 6121397713161016
Interest 00000014172641
Depreciation 367913156683130169
Exceptional Items 0000000-403
Profit Before Tax 546257689713081333380
Tax 182120233546269816
Profit After Tax 37413745628455242465
PAT Margin (%) 2.1%2.1%1.9%1.7%1.9%2.3%1.7%0.8%0.7%1.4%
Adjusted EPS (₹)6.26.96.26.68.711.87.73.43.49.0
Dividend Payout Ratio (%)0%0%0%0%17%15%19%75%59%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 124266304349419493531551565621
Share Capital 5910110168717172727272
Reserves 65166203281348422459480493549
Minority Interest0000000000
Debt000000000150
Long Term Debt0000000000
Short Term Debt000000000150
Trade Payables189213215390456574571719836893
Others Liabilities 542026192437210297427477
Total Liabilities 3674995457588991,1031,3121,5671,8272,141

Fixed Assets

Gross Block2949466176100324520755904
Accumulated Depreciation142925334456114174281353
Net Fixed Assets162021283144210346474551
CWIP 000113153144
Investments 0120787063992176137260
Inventories2300000010
Trade Receivables153188235400488481476408406451
Cash Equivalents 87978349657099197131115
Others Assets11070127209252407490537664760
Total Assets 3674995457588991,1031,3121,5671,8272,141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4932-53-3429280281204146
PBT 546257689713081333380
Adjustment -1-2-47171891109159215
Changes in Working Capital 6-14-69-56-46-17-578969-81
Tax Paid -11-14-37-53-66-39-3451-56-69
Cash Flow From Investing Activity -4-1233818-9235-105-150-148
Capex -10-10-8-15-29-32-62-66-91-62
Net Investments 0-12036119-4494-55-6016
Others 6710628-163161-103
Cash Flow From Financing Activity 2101006-10-71-77-121-14
Net Proceeds from Shares 210100630010
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000-10-8
Dividend Paid 00000-13-16-11-18-14
Others 000000-56-65-1038
Net Cash Flow 4610-15-3316-114498-66-16
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)34.8423.4815.2814.6516.218.5210.774.444.3810.88
ROCE (%)51.7331.7920.1620.8225.4528.4418.228.9610.318.02
Asset Turnover Ratio5.534.423.823.983.893.662.72.062.142.25
PAT to CFO Conversion(x)1.320.78-1.43-0.760.031.11.4511.718.52.25
Working Capital Days
Receivable Days29333945504854554135
Inventory Days0000000000
Payable Days02,18900000000

Mahindra Logistics Ltd Stock News

Mahindra Logistics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mahindra Logistics on 19-Mar-2024 16:42 is ₹416.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 16:42 the market cap of Mahindra Logistics stood at ₹3,018.7.
The latest P/E ratio of Mahindra Logistics as of 19-Mar-2024 16:42 is 39.45.
The latest P/B ratio of Mahindra Logistics as of 19-Mar-2024 16:42 is 4.54.
The 52-week high of Mahindra Logistics is ₹460.0 and the 52-week low is ₹347.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahindra Logistics is ₹4,401 ( Cr.) .

About Mahindra Logistics Ltd

Mahindra Logistics Limited is a public limited company incorporated on August 24, 2007 under the Companies Act, 1956. Mahindra Logistics Limited is a leading third party logistic (3PL) solutions provider in India with a strong presence across the country. The Company operates in two distinct business segments - Supply Chain Management (SCM) and People Transport Solutions (PTS).

Mahindra Logistics has many customers from diverse industry verticals such as Automotive, Engineering, Consumer Goods, Pharmaceuticals, E-commerce, Bulk for its SCM business. And has customers from IT, ITeS, Manufacturing, Banking, Financial services and Insurance and Consulting businesses for its PTS business. The Company has an asset-light business model with a focus on technology and emphasis on customer-centricity. The Company's competitive advantage is in developing and implementing customised, technology-enabled logistics solutions that offer scalability and flexibility. The Company works closely with its customers to understand their requirements and provide solutions accordingly, thereby becoming their true partners.

Business area of the company

Mahindra logistics is one of the few logistics providers which offers solutions in two distinct business segments - Supply Chain Management (SCM) and Enterprise Mobility. The company offer supply chain solutions to diverse industry verticals such as automotive, engineering, consumer goods, pharmaceuticals, telecom and e-commerce and also offer integrated employee transportation solutions to enterprise across IT, ITeS, manufacturing, banking, financial services and insurance, and consulting businesses.

Products and services

Supply Chain Management

  • Warehouse
  • Transportation
  • In-Factory Logistics
  • Freight Forwarding
  • Contract Manufacturing
  • Value Added Service

Industries

  • Auto & Engineering
  • Consumer Products
  • Pharmaceutical 
  • Telecommunication
  • E-Commerce
  • Commodities

Enterprise Mobility

Technology

Awards

2013

  • Best 3PL company of the year award- Mahindra Logistics has been awarded as the ‘Best 3PL Company of the Year’ - 2013 at the 7th Annual Express, Logistics & Supply Chain (ELSC) Awards held in Mumbai on 26th September 2013. ELSC conclave is one of Asia’s leading annual events attracting 450 plus senior supply chain and logistics professionals who gather to hear from industry experts.

2014

  • 3PL Company of the Year - Automotive Award 2014- The ELSC Awards evaluates and identifies excellence in supply chain management, third party logistics and various supporting segments. This award re-emphasizes MLL’s strong focus on Automotive Logistics.
  • Porter Prize 2014 For ‘Leveraging Unique Activities’- Porter Prize 2014 for “Leveraging Unique Activities” by Porter Prize 2014 at the Conference on Competitiveness and Porter Prize, New Delhi

2015

  • Best Warehousing Practices Award- MLL has won the ‘Best Warehousing Practices Award’ for its innovative techniques & practices at its MSB Bhivandi warehouse. This recognition was received at the IIMM (Indian Institute of Materials Management) Awards on December 19, 2015 at Mumbai. Some of the best practices which won MLL this award include use of automated packaging machines, power back up 320 KVA generator set, fire hydrant in rack sprinkler system, beam detectors, etc as well as the end-to-end warehouse functions that MLL handles.
  • Manufacturing Supply Chain Provider Of The Year - Engineering Award- Manufacturing Supply Chain Provider of the Year - Engineering” award by 4th Asia Manufacturing Supply Chain Awards 2015.
  • Six PRCI Corporate Collateral Awards 2015- Six PRCI Corporate Collateral Awards 2015 by Public Relations Council of India (PRCI).

2016

  • 3PL Company of the Year Award- 3PL Company of the Year award by Logistics Asia Awards, 2016
  • 3PL Company of the Year by Global Logistics Excellence Awards

2017

  • 3PL Achiever of the Year- 3PL Achiever of the Year” award for 2017 by Global Logistics Excellence Awards
  • CII Supply Chain And Logistics Excellence (Scale) Awards- CII Supply Chain and Logistics Excellence (SCALE) 2017 award in the 3PL category by Confederation of Indian Industry (CII) through its Institute of Logistics

2018

  • CII Supply Chain and Logistics Excellence (Scale) Award 2018- CII Supply Chain and Logistics Excellence (SCALE)” 2018 award in the 3PL category by Confederation of Indian Industry (CII) through its Institute of Logistics

2019

  • CSR Leadership Award 2019- CSR leadership award in best practice in logistics by Economics Times Now & World CSR Congress.
  • CII Supply Chain and Logistics Excellence (Scale) Award 2019- CII Supply Chain and Logistics Excellence (SCALE) 2019 award in the 3PL category by Confederation of Indian Industry (CII) through its Institute of Logistics

2020

  • Brand Excellence Award- Award for brand excellence in supply chain and logistics sector at Star of Industry Awards by Economics Times Now.

Major events and milestones

  • 2000: Logistics Business was set up as a separate division of Mahindra & Mahindra Limited.
  • 2009: Logistics Business of Mahindra & Mahindra Limited was transferred to the company.
  • 2011: Achieved Rs 10,000 million of revenue from operations.
  • 2014: Investment by Normandy and Kedaara AIF in the company.
  • 2014: Entered e-commerce sector by starting operations for one of India’s leading ecommerce companies.
  • 2015: Appointed a reputed strategic consultancy firm to help with a business transformation exercise.
  • 2015: Acquisition of Lords by the company.
  • 2015: Entered into a joint venture with IVC to form 2X2 Logistics.
  • 2016: Entered into business contract with one of the largest steel producers in India.
  • 2017: Achieved Rs 25,000 million of revenue from operations.
  • 2018: Mahindra Logistics opens its largest multi-user facility.
  • 2019: Mahindra Logistics strengthens its partnership with the Volkswagen Group India.
  • 2020: Mahindra Logistics adds 7.5 lakh sq ft warehousing capacity in Hyderabad, Chennai.
  • 2020: Mahindra Logistics partners with 1Bridge.
  • 2021: Mahindra Logistics launches ‘EDel’.
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