Maheshwari Logistics

Vapi, India Founded: 2006 • Age: 20 yrs Listed
Trucking, transportation, and logistics services are provided.
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About Maheshwari Logistics

Maheshwari Logistics is a publicly listed company based in Vapi (India) founded in 2006. Trucking, transportation, and logistics services are provided. The company has 673 employees. Its Indian entity Maheshwari Logistics Limited reported revenue of ₹1,116 Cr. Maheshwari Logistics offers products and services including Logistics Services, Coal Supplying, and Kraft Paper Manufacturing. Its focus areas include Transportation and Logistics, Trucking, Truck Load Carriers and FTL Carriers.

Company details

Maheshwari Logistics was established in 2006 in Vapi, India, within the logistics sector. Trucking and transportation services are handled, alongside comprehensive logistics solutions for supply chain needs. Operations are centered in India, with focus on efficient freight movement and distribution. Leadership is provided by Managing Director Varun Kabra, ensuring oversight of core activities.

  • Headquarters Vapi, India
  • Employees 673
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website mlpl.biz
  • Social X
  • Legal Name Maheshwari Logistics Ltd.
Operational Areas
Transportation, Automotive & Logistics → Trucking
Key Metrics
  • Market Cap
    ₹207 Cr

    MAHESHWARI · NSE

  • Share Price
    ₹70.04

    +0.06% today

  • Revenue
    ₹1,110 Cr

    FY 2025-26 · +14.0% YoY

  • EBITDA
    ₹70.44 Cr

    Margin 6.3%

  • Net Profit
    ₹15.48 Cr

    FY 2025-26 · -14.6% YoY

  • P/E (TTM)
    13.2x

    P/B 1.0x

  • ROE
    8.2%

    ROCE 12.2%

  • Debt / Equity
    1.31

    Interest cover 66.2x

  • Employee Count
    673

Products & Services of Maheshwari Logistics

Maheshwari Logistics offers a comprehensive portfolio of products and services, including Logistics Services, Coal Supplying, and Kraft Paper Manufacturing.

Logistics Services
Logistics

Provides supply chain and freight management services

Coal Supplying
Trading

Supplies non-coking coal for industrial use

Kraft Paper Manufacturing
Manufacturing

Produces kraft paper for packaging needs

Board of directors of Maheshwari Logistics Limited (Maheshwari Logistics)

Maheshwari Logistics Limited is the primary company behind Maheshwari Logistics. The boards of the 2 registered companies of Maheshwari Logistics currently have 8 directors; the longest-serving is Mukesh Agrawal, appointed in 2018. 23 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Mukesh Agrawal
DIN 07692539
Director30 May 20188 yrs 4 moMaheshwari Logistics Limited
Vinay Premnarayan Maheshwari
DIN 01680099
Designated Partner18 Dec 20187 yrs 10 moMaheshwari Logistics (India) Llp, Maheshwari Logistics Limited
Ramnaresh Ramkalyan Kabra
DIN 08405342
Director05 Apr 20197 yrs 6 moMaheshwari Logistics Limited
Punam Pushpkumar Dhoot
DIN 01071852
Director23 Jun 20215 yrs 4 moMaheshwari Logistics Limited
Amit Kailashnarayan Maheshwari
DIN 01680183
Whole-time director31 Jul 20242 yrs 2 moMaheshwari Logistics Limited
Viraj Bipinkumar Shah
DIN 10697941
Director31 Jul 20242 yrs 2 moMaheshwari Logistics Limited
Neeraj Maheshwari
DIN 01010325
Designated Partner18 Sep 20242 yrs 1 moMaheshwari Logistics (India) Llp, Maheshwari Logistics Limited
Palash Maheshwari
DIN 08307839
Director15 Feb 20268 moMaheshwari Logistics Limited

People of Maheshwari Logistics

1 people are tracked at Maheshwari Logistics (1 in leadership); the tracked headcount is 673.

NameRoleGroup
Varun Kabra
Managing DirectorLeadership
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IPO & Listings of Maheshwari Logistics

Maheshwari Logistics is a publicly listed company on the NSE with ticker symbol MAHESHWARI in India, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date16 Jan 2017
  • Listed onNSE: MAHESHWARI
  • Listed entityMaheshwari Logistics Ltd.
  • Exchange sectorTransportation
  • ISININE263W01010
  • Share price₹70.74 (-1.42% on the day) · 2026-10-14
  • Market capitalisation₹212 Cr
  • Price to earnings13.3
  • EPS (diluted, trailing year)₹5.32
  • Volume (last session)4,966

Financials of Maheshwari Logistics

Exchange-reported figures of Maheshwari Logistics Limited, the listed company behind Maheshwari Logistics (NSE: MAHESHWARI).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,110 Cr
+14.0% YoY
EBITDA
₹70.44 Cr
+1.7% YoY
Profit After Tax
₹15.48 Cr
-14.6% YoY
Net Worth
₹216 Cr
+8.5% YoY
Total Assets
₹494 Cr
+5.0% YoY
Total Debt
₹276 Cr
+2.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1109741,0481,1491,035676760
Revenue growth+14.0%-7.1%-8.8%+11.0%+53.1%-11.0%-
EBITDA70.4469.2754.2250.1151.9343.6351.38
EBITDA margin+6.4%+7.1%+5.2%+4.4%+5.0%+6.5%+6.8%
Profit before tax23.6124.9718.2018.2423.7812.8520.18
Net profit15.4818.1213.0613.3917.159.2014.67
Net profit margin+1.4%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.696.134.654.565.793.149.93
Balance sheet
Total assets494470430374331280277
Net worth216199180167155139129
Total debt276269248207177141147
Cash & bank7.6622.742.2016.4516.3027.2914.51
Net working capital299263233211188162144
Cash flow
Cash from operations23.6357.225.6938.2710.8047.3131.35
Cash from investing(10.31)(26.06)(42.57)(30.66)(37.12)(6.06)(19.64)
Cash from financing(28.40)(10.62)22.63(7.46)15.32(28.47)(13.46)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue249294273275268259235229
Revenue growth (YoY)-7.1%+13.5%+15.9%+20.3%+7.3%---
Other income0.991.380.702.471.152.70(0.13)1.52
EBITDA16.6218.1917.8516.6217.7818.7719.5615.87
EBITDA margin+6.7%+6.2%+6.5%+6.0%+6.6%+7.2%+8.3%+6.9%
Depreciation4.354.474.644.503.844.184.393.91
Interest8.399.358.218.688.837.679.287.76
Profit before tax4.875.755.705.916.269.625.765.72
Tax1.570.492.191.921.921.413.151.75
Net profit3.305.263.513.994.348.212.613.97
EPS (₹)1.111.591.291.341.472.630.911.34
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,0669501,0281,1441,035670759
Revenue growth+12.3%-7.6%-10.2%+10.6%+54.3%-11.6%-
EBITDA65.0365.1349.1350.6251.6442.9751.20
EBITDA margin+6.1%+6.9%+4.8%+4.4%+5.0%+6.4%+6.8%
Profit before tax22.3023.7017.1818.1323.6812.6420.11
Net profit14.9917.5412.0913.5717.149.1814.65
Net profit margin+1.4%+1.9%+1.2%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.525.934.404.625.793.149.93
Balance sheet
Total assets476450419373331280277
Net worth215198180167155139129
Total debt261252239207177141147
Cash & bank7.1722.491.2916.2116.1526.8912.91
Net working capital298261236209186159142
Cash flow
Cash from operations15.8957.480.6538.438.7748.5929.82
Cash from investing(7.19)(17.54)(28.93)(30.42)(34.92)(6.15)(18.45)
Cash from financing(24.02)(18.74)13.36(7.91)15.40(28.46)(13.46)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue235284262265256249230225
Revenue growth (YoY)-8.4%+13.8%+13.7%+18.0%+4.5%---
Other income1.122.220.692.691.292.740.031.77
Total expenses219268244250239232212209
EBITDA15.7515.4217.3615.3016.9416.9017.7115.78
EBITDA margin+6.7%+5.4%+6.6%+5.8%+6.6%+6.8%+7.7%+7.0%
Depreciation4.034.284.293.943.694.093.873.72
Interest8.039.077.918.198.248.247.787.55
Profit before tax4.814.295.855.866.307.316.096.28
Tax1.570.411.681.941.921.053.091.75

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue249294273275268259235229
Revenue growth (YoY)-7.1%+13.5%+15.9%+20.3%+7.3%---
Other income0.991.380.702.471.152.70(0.13)1.52
EBITDA16.6218.1917.8516.6217.7818.7719.5615.87
EBITDA margin+6.7%+6.2%+6.5%+6.0%+6.6%+7.2%+8.3%+6.9%
Depreciation4.354.474.644.503.844.184.393.91
Interest8.399.358.218.688.837.679.287.76
Profit before tax4.875.755.705.916.269.625.765.72
Tax1.570.492.191.921.921.413.151.75
Net profit3.305.263.513.994.348.212.613.97
EPS (₹)1.111.591.291.341.472.630.911.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1109741,0481,1491,035676760
Revenue growth+14.0%-7.1%-8.8%+11.0%+53.1%-11.0%-
Other income5.704.333.972.492.701.792.20
Total expenses1,0409049941,099983633709
Employee cost21.3019.6218.6314.5413.2512.1416.69
EBITDA70.4469.2754.2250.1151.9343.6351.38
EBITDA margin+6.4%+7.1%+5.2%+4.4%+5.0%+6.5%+6.8%
Depreciation17.4516.0311.9711.8512.2112.8511.88
Interest35.0832.6028.0222.5118.6419.7221.52
Profit before tax23.6124.9718.2018.2423.7812.8520.18
Tax6.526.554.474.756.613.555.47
Net profit15.4818.1213.0613.3917.159.2014.67
Net profit margin+1.4%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.696.134.654.565.793.149.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital29.6029.6029.6029.6029.6029.6014.80
Reserves & surplus186169151137125109115
Shareholders' funds (net worth)216199180167155139129
Minority interest2.402.140.980.43(0.06)0.020.01
Secured loans73.9280.8569.42154148114118
Unsecured loans20218917952.5328.4326.7329.63
Total debt276269248207177141147
Total liabilities494470430374331280277
Assets
Gross block295257228177170157157
Net block186162149107110109117
Capital work in progress0.2529.6628.0236.5914.554.781.36
Investments1.501.894.293.590.000.000.00
Inventories17515213511189.2379.9962.71
Sundry debtors187155146142134120116
Cash & bank balances7.6622.742.2016.4516.3027.2914.51
Loans & advances72.1867.0358.1438.5038.3015.7028.85
Total current assets442396341308278243223
Total current liabilities14313310897.1090.2081.0678.59
Net working capital299263233211188162144
Total assets494470430374331280277
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash22.742.2016.4516.3027.2914.5116.26
Net cash from operating activities23.6357.225.6938.2710.8047.3131.35
Net cash from investing activities(10.31)(26.06)(42.57)(30.66)(37.12)(6.06)(19.64)
Net cash from financing activities(28.40)(10.62)22.63(7.46)15.32(28.47)(13.46)
Net change in cash(15.08)20.54(14.25)0.15(10.99)12.78(1.75)
Closing cash7.6622.742.2016.4516.3027.2914.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.0%-7.1%-8.8%+11.0%+53.1%-11.0%-
EBITDA growth+1.7%+27.8%+8.2%-3.5%+19.0%-15.1%-
PBT growth-5.5%+37.2%-0.2%-23.3%+85.1%-36.3%-13.1%
Net income growth-14.6%+38.7%-2.5%-21.9%+86.4%-37.3%-
Revenue CAGR (3Y)-1.2%-2.0%+15.7%+14.8%-0.1%-8.1%-
EBITDA CAGR (3Y)+12.0%+10.1%+7.5%-0.8%+3.9%+7.4%-
Profitability & leverage
Net income margin+1.5%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
Return on capital employed+12.2%+12.8%+11.5%+11.6%+13.9%+11.7%+15.6%
Return on net worth+8.3%+9.7%+7.9%+8.4%+11.7%+6.9%+11.9%
Debt / equity1.311.371.311.191.081.081.17
Long-term debt / equity0.290.450.550.570.600.600.61
Interest cover66.2061.2366.3258.8346.9364.0754.48
Efficiency & per share
Fixed asset turnover4.024.015.176.636.344.315.86
Inventory turnover6.786.798.5311.4912.239.4813.73
Debtors turnover6.506.487.268.318.155.736.31
EPS (₹)5.696.134.654.565.793.149.93
Dividend per share (₹)0.000.000.000.000.000.500.00
Book value per share (₹)72.9467.2060.8756.2852.2346.8887.46
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue235284262265256249230225
Revenue growth (YoY)-8.4%+13.8%+13.7%+18.0%+4.5%---
Other income1.122.220.692.691.292.740.031.77
Total expenses219268244250239232212209
EBITDA15.7515.4217.3615.3016.9416.9017.7115.78
EBITDA margin+6.7%+5.4%+6.6%+5.8%+6.6%+6.8%+7.7%+7.0%
Depreciation4.034.284.293.943.694.093.873.72
Interest8.039.077.918.198.248.247.787.55
Profit before tax4.814.295.855.866.307.316.096.28
Tax1.570.411.681.941.921.053.091.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,0669501,0281,1441,035670759
Revenue growth+12.3%-7.6%-10.2%+10.6%+54.3%-11.6%-
Other income6.894.965.791.862.892.242.31
Total expenses1,0018859791,094983627707
Employee cost17.8616.9316.3114.2713.0511.9316.61
EBITDA65.0365.1349.1350.6251.6442.9751.20
EBITDA margin+6.1%+6.9%+4.8%+4.4%+5.0%+6.4%+6.8%
Depreciation16.2015.2111.9411.8412.2112.8511.88
Interest33.4231.1825.8022.5118.6419.7221.52
Profit before tax22.3023.7017.1818.1323.6812.6420.11
Tax5.966.144.154.456.523.365.42
Net profit14.9917.5412.0913.5717.149.1814.65
Net profit margin+1.4%+1.9%+1.2%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.525.934.404.625.793.149.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital29.6029.6029.6029.6029.6029.6014.80
Reserves & surplus185169151137125109115
Shareholders' funds (net worth)215198180167155139129
Secured loans145175185154148114118
Unsecured loans11576.9754.2452.5328.4326.7329.63
Total debt261252239207177141147
Total liabilities476450419373331280277
Assets
Gross block271245226177169157157
Net block164150147107110109117
Capital work in progress0.2518.9517.3036.5614.554.781.36
Investments5.816.235.875.162.242.051.51
Inventories16814613310989.2379.9962.71
Sundry debtors183151143140134119119
Cash & bank balances7.1722.491.2916.2116.1526.8912.91
Loans & advances76.5969.4764.2737.6637.7315.0628.62
Total current assets434389341302277241223
Total current liabilities13612810593.3791.2981.2480.60
Net working capital298261236209186159142
Total assets476450419373331280277
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash22.491.2916.2116.1526.8912.9115.00
Net cash from operating activities15.8957.480.6538.438.7748.5929.82
Net cash from investing activities(7.19)(17.54)(28.93)(30.42)(34.92)(6.15)(18.45)
Net cash from financing activities(24.02)(18.74)13.36(7.91)15.40(28.46)(13.46)
Net change in cash(15.32)21.20(14.92)0.10(10.74)13.98(2.09)
Closing cash7.1722.491.2916.2116.1526.8912.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.3%-7.6%-10.2%+10.6%+54.3%-11.6%-
EBITDA growth-0.2%+32.6%-2.9%-2.0%+20.2%-16.1%-
PBT growth-5.9%+38.0%-5.2%-23.4%+87.3%-37.2%-13.3%
Net income growth-14.5%+45.1%-10.9%-20.8%+86.7%-37.3%-
Revenue CAGR (3Y)-2.3%-2.8%+15.3%+14.7%-0.1%-8.3%+0.9%
EBITDA CAGR (3Y)+8.7%+8.0%+4.6%-0.4%+3.7%+6.8%+22.4%
Profitability & leverage
Net income margin+1.5%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
Return on capital employed+12.0%+12.6%+10.8%+11.5%+13.8%+11.6%+15.6%
Return on net worth+7.9%+9.3%+7.5%+8.5%+11.7%+6.9%+11.9%
Debt / equity1.241.301.291.191.081.081.17
Long-term debt / equity0.250.410.530.570.600.570.58
Interest cover68.4462.4669.3758.0547.2765.4754.73
Efficiency & per share
Fixed asset turnover4.144.035.106.626.364.275.85
Inventory turnover6.806.828.5211.5612.239.4013.71
Debtors turnover6.406.477.278.368.195.646.25
EPS (₹)5.525.934.404.625.793.149.93
Dividend per share (₹)0.000.000.000.000.000.500.00
Book value per share (₹)72.5867.0160.8756.3452.2346.8887.46

Web traffic of Maheshwari Logistics

The website of Maheshwari Logistics (mlpl.biz) receives about 7.6K visits a month.

  • Monthly visits
    7.6K

    ▲ 290.9% vs previous month

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2009Mumbai, Maharashtra, IndiaUSD 33.05 MUSD 745.97 M4,100
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Related news about Maheshwari Logistics

Maheshwari Logistics Sept-Quarter Consol Total Net Profit 39.6 Million Rupees
Reuters • 11 months ago
Maheshwari Logistics consolidated net profit declines 9.45% in the September 2022 quarter
India Infoline • 1 year ago
Maheshwari Logistics schedules board meeting
India Infoline • 1 year ago
Maheshwari Logistics Appointed By Apollo Tyres As An Authorised Dealer In South Gujarat Region
Reuters • 2 years ago
India's Maheshwari Logistics June-Quarter Consol Total Net Profit Rises
Reuters • 3 years ago
Maheshwari Logistics Says Neeraj Maheshwari Resigns As CEO
Reuters • 3 years ago
India's Maheshwari Logistics Dec-Quarter Consol Profit Falls
Reuters • 3 years ago
Maheshwari Logistics Appointed By Mahindra & Mahindra Truck And Bus Division As An Authorised Dealer
Reuters • 3 years ago
India's Maheshwari Logistics Dec-Quarter Consol Profit Rises
Reuters • 4 years ago
Maheshwari Logistics Posts March Qtr Profit
Reuters • 5 years ago
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Frequently Asked Questions about Maheshwari Logistics

Maheshwari Logistics was founded in 2006.

Maheshwari Logistics is headquartered in Vapi, India. It is registered at Vapi, Gujarat, India.

Maheshwari Logistics has 673 employees.

The primary company behind Maheshwari Logistics, Maheshwari Logistics Limited, reported revenue of ₹1,116 Cr for FY 2026, up 14% year on year.

Maheshwari Logistics was established in 2006 in Vapi, India, within the logistics sector. Trucking and transportation services are handled, alongside comprehensive logistics solutions for supply chain needs. Operations are centered in India, with focus on efficient freight movement and distribution. Leadership is provided by Managing Director Varun Kabra, ensuring oversight of core activities.

Maheshwari Logistics offers Logistics Services, Coal Supplying, and Kraft Paper Manufacturing.

Yes, Maheshwari Logistics is publicly traded on NSE under the ticker symbol MAHESHWARI.

Maheshwari Logistics is associated with 2 legal entities: Maheshwari Logistics Limited, Maheshwari Logistics (India) Llp.

The legal entities of Maheshwari Logistics currently have 11 directors, including Vinay Premnarayan Maheshwari, Neeraj Maheshwari, Amit Kailashnarayan Maheshwari and others.

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