
About Mahindra Logistics
Mahindra Logistics is a publicly listed company based in Mumbai (India) founded in 2009. Integrated supply chain and mobility solutions are provided globally. Mahindra Logistics has raised $33.05 million across 1 funding round from investors including Kedaara. The company has 227 employees. Mahindra Logistics has completed 6 acquisitions, including LORDS, Transtech Logistics and V-Link Automotive Services. Its chief executive, as recorded, is Rampraveen Swaminathan. Its website mahindralogistics.com draws about 50 thousand monthly visits. Its Indian entity Mahindra Logistics Limited reported revenue of βΉ7,016 Cr. Its focus areas include Transportation and Logistics, Warehousing, General Warehousing and Business Services.
Company details
Founded in 2009 and headquartered in Mumbai, India, the company operates in the logistics sector. Contract logistics, warehousing, distribution, transportation management, and last-mile delivery services are offered. Cross-border logistics, air and ocean freight, and fulfillment center operations are also provided. Mobility solutions, including airport services and outstation rentals, are included. Technology integration and sustainable practices are emphasized. Services support industries such as automotive, consumer goods, pharmaceuticals, e-commerce, and telecom.
- Headquarters Mumbai, India
- Employees 227
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website mahindralogistics.com
- Social LinkedIn X Facebook
- Legal Name Mahindra Logistics Ltd.
- Market Cap₹4,286 Cr
MAHLOG · NSE
- Share Price₹429.95
-0.41% today
- Revenue₹6,999 Cr
FY 2025-26 · +14.7% YoY
- EBITDA₹369 Cr
Margin 5.3%
- Net Profit₹3.68 Cr
FY 2025-26 · +109.1% YoY
- P/E (TTM)56.7x
P/B 3.6x
- ROE1.5%
ROCE 7.3%
- Debt / Equity0.94
Interest cover 82.4x
- Total Equity Funding$33.05M (USD)
in 1 rounds
- Latest Funding Round$33.05M (USD), Private Equity Round
Apr 2014
- Investors
- Employee Count227
- Investments & AcquisitionsLORDS
& 5 more
Associated legal entities of Mahindra Logistics
Mahindra Logistics is associated with 3 registered companies on The Company Check; the primary company is Mahindra Logistics Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mahindra Logistics Limited Listed CIN L63000MH2007PLC173466 | Active | 24 Aug 2007 | Mumbai, Maharashtra | ₹7,016 Cr | 4,005 | 11 | View details |
| Mll Express Services Private Limited CIN U63040MH2006PTC165956 | Active | 04 Dec 2006 | Mumbai, Maharashtra | ₹365 Cr | 930 | 8 | View details |
| 2 X 2 Logistics Private Limited CIN U63000MH2012PTC237062 | Active | 22 Oct 2012 | Mumbai, Maharashtra | ₹112 Cr | 19 | 5 | View details |
Funding Insights of Mahindra Logistics
Mahindra Logistics has successfully raised a total of $33.05M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $33.05 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $33.05M
- Total Rounds 1
- Last Round Private Equity Round β $33.05M
- First Round $33.05M
(Apr 2014)
- Investors Count 1
All 1 funding rounds of Mahindra Logistics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $33.05M | Private Equity Round | β | Kedaara | β |
1 investors in total: 1 institutional.
Investors in Mahindra Logistics
Mahindra Logistics has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Kedaara.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on growth companies | kedaara.com | Ebene City, Mauritius |
Investor details for Mahindra Logistics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mahindra Logistics Limited (Mahindra Logistics)
Mahindra Logistics Limited is the primary company behind Mahindra Logistics. The boards of the 3 registered companies of Mahindra Logistics currently have 15 directors; the longest-serving is Kishan Sedhuram Singhal, appointed in 2014. 81 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kishan Sedhuram Singhal DIN 00255542 | Director | 26 Sep 2014 | 12 yrs 1 mo | 2 X 2 Logistics Private Limited |
| Nitin Kishan Singhal DIN 00255702 | Director | 26 Sep 2014 | 12 yrs 1 mo | 2 X 2 Logistics Private Limited |
| Darius Dinshaw Pandole DIN 00727320 | Director | 25 Jul 2017 | 9 yrs 3 mo | Mahindra Logistics Limited |
| Ranu Vohra DIN 00153547 | Director | 25 Jul 2017 | 9 yrs 3 mo | Mahindra Logistics Limited |
| Avani Vishal Davda DIN 07504739 | Director | 06 Jun 2018 | 8 yrs 5 mo | Mahindra Logistics Limited, Mll Express Services Private Limited |
| Malvika Sahni Sinha DIN 08373142 | Director | 30 Jul 2020 | 6 yrs 3 mo | Mahindra Logistics Limited |
| Gangadaran Chellakrishna DIN 01036398 | Director | 03 Aug 2020 | 6 yrs 3 mo | Mll Express Services Private Limited |
| Anish Dilip Shah DIN 02719429 | Director | 02 Apr 2021 | 5 yrs 7 mo | Mahindra Logistics Limited |
| Naveen Raju Kollaickal DIN 07653394 | Director | 22 Jul 2021 | 5 yrs 3 mo | 2 X 2 Logistics Private Limited, Mahindra Logistics Limited, Mll Express Services Private Limited |
| Ameet Pratapsinh Hariani DIN 00087866 | Director | 01 May 2022 | 4 yrs 6 mo | Mahindra Logistics Limited |
| Sreenivas Pamidimukkala DIN 09447924 | Director | 19 May 2022 | 4 yrs 5 mo | Mll Express Services Private Limited |
| Prasanna Vikas Pahade DIN 02292382 | CEO | 14 Sep 2023 | 3 yrs 1 mo | Mll Express Services Private Limited |
| Gaurav Rustagi DIN 10143202 | CFO | 11 May 2024 | 2 yrs 6 mo | Mll Express Services Private Limited |
| Hemant Sikka DIN 00922281 | Director | 15 May 2025 | 1 yr 5 mo | 2 X 2 Logistics Private Limited, Mahindra Logistics Limited, Mll Express Services Private Limited |
| Isha Dalal DIN 09247780 | Director | 06 Oct 2025 | 1 yr 1 mo | 2 X 2 Logistics Private Limited |
People of Mahindra Logistics
150 people are tracked at Mahindra Logistics (48 in leadership, 102 in team); the tracked headcount is 227.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership | |
Gurjot Singh Bhalla | Chief Operating Officer- Mobility | Leadership |
Amitabh Mukherjee | Head Of Procurement | Leadership |
Sandeep Satav | Asst General Manager -transport Procurement | Leadership |
Foram Sejpal | Head - Compensation & Benefits | Leadership |
Manoj Sharma | General Manager Hr- VHR | Leadership |
Vandana Singh | Asst. General Manager- Consumer & Pharma Vertical | Leadership |
Vishal Sharma | Chief Procurement Officer | Leadership |
Saurabh Taneja | CFO | Leadership |
| Chief Information Officer | Leadership | |
Rajesh Shetty | VP, Operations Excellence | Leadership |
Hema Parikh | Head Of Department - Ethics And Audits | Leadership |
Kishore Fiske | VP, Transportation & Procurement | Leadership |
Satya Singh | Deputy General Manager | Leadership |
Nitin Verma | Assistant General Manager Human Resources | Leadership |
Tushar Shukla | Head Of Business Operations | Leadership |
Rama Krishna | General Manager- Mobility Business Operations | Leadership |
Kamal Kapoor | Vice President Transport Procurement . Bulk Vertical & Network Head | Leadership |
G T Khalid | Head - Ites / Dgm-it | Leadership |
Arun Gupta | General Manager Real Estate | Leadership |
130 more people are available in the full profile.
Complete people profiles for Mahindra Logistics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Mahindra Logistics
Mahindra Logistics is a publicly listed company on the NSE with ticker symbol MAHLOG 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 date10 Nov 2017
- Listed onNSE: MAHLOG · BSE: 540768
- Listed entityMahindra Logistics Ltd.
- Exchange sectorTransportation
- ISININE766P01016
- Share price₹421.50 (+2.86% on the day) · 2026-10-14
- Market capitalisation₹4,045 Cr
- Price to earnings113.7
- EPS (diluted, trailing year)₹3.71
- Dividend yield0.61%
- Volume (last session)228,020
Financials of Mahindra Logistics
Exchange-reported figures of Mahindra Logistics Limited, the listed company behind Mahindra Logistics (NSE: MAHLOG).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,999 | 6,105 | 5,506 | 5,128 | 4,141 | 3,264 | 3,471 |
| Revenue growth | +14.7% | +10.9% | +7.4% | +23.9% | +26.9% | -6.0% | - |
| EBITDA | 369 | 284 | 229 | 260 | 184 | 131 | 158 |
| EBITDA margin | +5.3% | +4.7% | +4.2% | +5.1% | +4.5% | +4.0% | +4.6% |
| Profit before tax | 33.16 | (7.67) | (26.39) | 34.54 | 26.31 | 39.20 | 81.19 |
| Net profit | 3.68 | (40.53) | (56.57) | 26.32 | 17.51 | 32.22 | 55.26 |
| Net profit margin | +0.1% | -0.7% | -1.0% | +0.5% | +0.4% | +1.0% | +1.6% |
| EPS (βΉ) | 0.23 | (4.97) | (7.60) | 3.65 | 2.44 | 4.19 | 7.70 |
| Balance sheet | |||||||
| Total assets | 1,873 | 1,358 | 1,277 | 1,427 | 980 | 856 | 767 |
| Net worth | 1,175 | 438 | 492 | 562 | 546 | 568 | 545 |
| Total debt | 650 | 869 | 739 | 834 | 402 | 269 | 201 |
| Cash & bank | 200 | 75.97 | 71.07 | 126 | 134 | 198 | 99.53 |
| Net working capital | 283 | 156 | 134 | 189 | 139 | 318 | 330 |
| Cash flow | |||||||
| Cash from operations | 254 | 343 | 227 | 119 | 191 | 294 | 85.38 |
| Cash from investing | (316) | (155) | (52.55) | (310) | (140) | (108) | 35.51 |
| Cash from financing | 105 | (148) | (276) | 183 | (117) | (87.49) | (76.31) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,095 | 2,003 | 1,791 | 1,898 | 1,685 | 1,625 | 1,570 | 1,594 |
| Revenue growth (YoY) | +24.3% | +23.3% | +14.1% | +19.1% | +10.8% | +14.4% | - | - |
| Other income | 8.42 | 9.83 | 3.86 | 5.26 | 2.94 | 5.07 | 2.17 | 6.25 |
| EBITDA | 124 | 115 | 112 | 95.39 | 85.04 | 76.21 | 77.70 | 73.66 |
| EBITDA margin | +5.9% | +5.8% | +6.3% | +5.0% | +5.0% | +4.7% | +5.0% | +4.6% |
| Depreciation | 76.58 | 72.31 | 69.89 | 71.69 | 71.72 | 64.57 | 58.39 | 59.01 |
| Interest | 15.44 | 13.83 | 14.30 | 16.52 | 21.67 | 22.53 | 20.55 | 22.05 |
| Profit before tax | 40.30 | 39.06 | 31.95 | 12.44 | (5.41) | (5.82) | 0.93 | (1.15) |
| Tax | 11.43 | 11.23 | 9.59 | 6.43 | 2.95 | 3.62 | 6.24 | 6.11 |
| Net profit | 28.87 | 27.83 | 22.36 | 6.01 | (8.36) | (9.44) | (5.31) | (7.26) |
| EPS (βΉ) | 2.64 | 2.55 | 2.03 | 0.33 | (1.20) | (1.44) | (0.93) | (1.25) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,672 | 5,013 | 4,530 | 4,459 | 3,631 | 2,959 | 3,261 |
| Revenue growth | +13.2% | +10.7% | +1.6% | +22.8% | +22.7% | -9.3% | - |
| EBITDA | 348 | 297 | 292 | 276 | 180 | 117 | 148 |
| EBITDA margin | +6.1% | +5.9% | +6.5% | +6.2% | +5.0% | +4.0% | +4.5% |
| Profit before tax | 58.20 | 58.18 | 85.55 | 80.44 | 32.69 | 32.64 | 80.69 |
| Net profit | 47.54 | 43.68 | 62.42 | 62.63 | 24.49 | 27.14 | 55.28 |
| Net profit margin | +0.8% | +0.9% | +1.4% | +1.4% | +0.7% | +0.9% | +1.7% |
| EPS (βΉ) | 4.34 | 6.03 | 8.60 | 8.96 | 3.40 | 3.35 | 7.71 |
| Balance sheet | |||||||
| Total assets | 2,047 | 1,275 | 1,158 | 1,202 | 951 | 819 | 725 |
| Net worth | 1,476 | 699 | 675 | 628 | 575 | 565 | 545 |
| Total debt | 559 | 560 | 464 | 555 | 361 | 240 | 165 |
| Cash & bank | 152 | 43.39 | 15.33 | 115 | 131 | 197 | 99.28 |
| Net working capital | 153 | 51.04 | 59.71 | 120 | 134 | 280 | 297 |
| Cash flow | |||||||
| Cash from operations | 256 | 382 | 249 | 146 | 204 | 281 | 80.40 |
| Cash from investing | (601) | (226) | (103) | (148) | (150) | (105) | 35.15 |
| Cash from financing | 364 | (127) | (245) | (14.34) | (121) | (77.23) | (71.11) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,714 | 1,655 | 1,414 | 1,545 | 1,367 | 1,346 | 1,293 | 1,327 |
| Revenue growth (YoY) | +25.4% | +23.0% | +9.3% | +16.5% | +10.6% | +16.4% | - | - |
| Other income | 20.09 | 8.29 | 3.12 | 3.92 | 2.50 | 1.96 | 1.43 | 4.41 |
| Total expenses | 1,608 | 1,550 | 1,315 | 1,457 | 1,285 | 1,267 | 1,213 | 1,250 |
| EBITDA | 106 | 105 | 99.08 | 88.21 | 82.16 | 78.73 | 79.70 | 76.92 |
| EBITDA margin | +6.2% | +6.3% | +7.0% | +5.7% | +6.0% | +5.8% | +6.2% | +5.8% |
| Depreciation | 65.91 | 62.55 | 61.14 | 62.47 | 62.75 | 55.99 | 49.99 | 50.91 |
| Interest | 13.02 | 11.58 | 12.02 | 14.30 | 16.79 | 16.02 | 13.68 | 15.05 |
| Profit before tax | 46.84 | 38.78 | 29.04 | 15.36 | 5.12 | 8.68 | 17.46 | 15.37 |
| Tax | 9.21 | 9.78 | 7.66 | 3.96 | 1.33 | 2.24 | 4.34 | 3.75 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,095 | 2,003 | 1,791 | 1,898 | 1,685 | 1,625 | 1,570 | 1,594 |
| Revenue growth (YoY) | +24.3% | +23.3% | +14.1% | +19.1% | +10.8% | +14.4% | - | - |
| Other income | 8.42 | 9.83 | 3.86 | 5.26 | 2.94 | 5.07 | 2.17 | 6.25 |
| EBITDA | 124 | 115 | 112 | 95.39 | 85.04 | 76.21 | 77.70 | 73.66 |
| EBITDA margin | +5.9% | +5.8% | +6.3% | +5.0% | +5.0% | +4.7% | +5.0% | +4.6% |
| Depreciation | 76.58 | 72.31 | 69.89 | 71.69 | 71.72 | 64.57 | 58.39 | 59.01 |
| Interest | 15.44 | 13.83 | 14.30 | 16.52 | 21.67 | 22.53 | 20.55 | 22.05 |
| Profit before tax | 40.30 | 39.06 | 31.95 | 12.44 | (5.41) | (5.82) | 0.93 | (1.15) |
| Tax | 11.43 | 11.23 | 9.59 | 6.43 | 2.95 | 3.62 | 6.24 | 6.11 |
| Net profit | 28.87 | 27.83 | 22.36 | 6.01 | (8.36) | (9.44) | (5.31) | (7.26) |
| EPS (βΉ) | 2.64 | 2.55 | 2.03 | 0.33 | (1.20) | (1.44) | (0.93) | (1.25) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,999 | 6,105 | 5,506 | 5,128 | 4,141 | 3,264 | 3,471 |
| Revenue growth | +14.7% | +10.9% | +7.4% | +23.9% | +26.9% | -6.0% | - |
| Other income | 17.13 | 15.82 | 21.72 | 15.85 | 13.58 | 17.47 | 13.98 |
| Total expenses | 6,630 | 5,821 | 5,277 | 4,869 | 3,956 | 3,132 | 3,313 |
| Employee cost | 427 | 404 | 405 | 355 | 315 | 296 | 307 |
| EBITDA | 369 | 284 | 229 | 260 | 184 | 131 | 158 |
| EBITDA margin | +5.3% | +4.7% | +4.2% | +5.1% | +4.5% | +4.0% | +4.6% |
| Depreciation | 278 | 226 | 209 | 190 | 142 | 89.65 | 73.43 |
| Interest | 75.02 | 81.21 | 68.16 | 51.57 | 29.82 | 20.09 | 17.63 |
| Profit before tax | 33.16 | (7.67) | (26.39) | 34.54 | 26.31 | 39.20 | 81.19 |
| Tax | 22.59 | 22.33 | 25.68 | 7.12 | 11.25 | 10.02 | 25.74 |
| Net profit | 3.68 | (40.53) | (56.57) | 26.32 | 17.51 | 32.22 | 55.26 |
| Net profit margin | +0.1% | -0.7% | -1.0% | +0.5% | +0.4% | +1.0% | +1.6% |
| EPS (βΉ) | 0.23 | (4.97) | (7.60) | 3.65 | 2.44 | 4.19 | 7.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 99.22 | 72.13 | 72.04 | 71.98 | 71.87 | 71.67 | 71.54 |
| Reserves & surplus | 1,076 | 366 | 420 | 490 | 475 | 496 | 473 |
| Shareholders' funds (net worth) | 1,175 | 438 | 492 | 562 | 546 | 568 | 545 |
| Minority interest | 24.48 | 16.35 | 11.77 | (1.37) | 0.28 | 2.77 | 5.43 |
| Secured loans | 43.53 | 169 | 242 | 236 | 28.98 | 21.48 | 29.86 |
| Unsecured loans | 606 | 700 | 497 | 598 | 373 | 248 | 171 |
| Total debt | 650 | 869 | 739 | 834 | 402 | 269 | 201 |
| Total liabilities | 1,873 | 1,358 | 1,277 | 1,427 | 980 | 856 | 767 |
| Assets | |||||||
| Gross block | 1,964 | 1,653 | 1,433 | 1,316 | 856 | 571 | 374 |
| Net block | 1,147 | 930 | 836 | 830 | 501 | 361 | 231 |
| Capital work in progress | 24.32 | 45.76 | 16.24 | 3.78 | 13.82 | 3.06 | 15.04 |
| Investments | 125 | 22.63 | 5.86 | 99.87 | 118 | 55.07 | 3.14 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.41 | 1.43 | 0.00 | 0.00 |
| Sundry debtors | 690 | 625 | 702 | 652 | 489 | 486 | 536 |
| Cash & bank balances | 200 | 75.97 | 71.07 | 126 | 134 | 198 | 99.53 |
| Loans & advances | 626 | 676 | 561 | 536 | 509 | 466 | 349 |
| Total current assets | 1,515 | 1,377 | 1,334 | 1,315 | 1,134 | 1,149 | 985 |
| Total current liabilities | 1,232 | 1,221 | 1,200 | 1,126 | 995 | 831 | 655 |
| Net working capital | 283 | 156 | 134 | 189 | 139 | 318 | 330 |
| Total assets | 1,873 | 1,358 | 1,277 | 1,427 | 980 | 856 | 767 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 65.09 | 24.39 | 126 | 134 | 200 | 99.53 | 54.95 |
| Net cash from operating activities | 254 | 343 | 227 | 119 | 191 | 294 | 85.38 |
| Net cash from investing activities | (316) | (155) | (52.55) | (310) | (140) | (108) | 35.51 |
| Net cash from financing activities | 105 | (148) | (276) | 183 | (117) | (87.49) | (76.31) |
| Net change in cash | 42.03 | 40.70 | (102) | (7.68) | (66.33) | 98.23 | 44.58 |
| Closing cash | 200 | 75.97 | 71.07 | 126 | 134 | 198 | 99.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.7% | +10.9% | +7.4% | +23.9% | +26.9% | -6.0% | - |
| EBITDA growth | +29.9% | +24.0% | -11.8% | +41.0% | +40.2% | -16.9% | - |
| PBT growth | +9998.0% | +70.9% | - | +31.3% | -32.9% | -51.7% | -39.2% |
| Net income growth | +109.1% | +28.4% | -314.9% | +50.3% | -45.7% | -41.7% | - |
| Revenue CAGR (3Y) | +10.9% | +13.8% | +19.0% | +13.9% | +2.4% | -1.5% | +9.2% |
| EBITDA CAGR (3Y) | +12.4% | +15.5% | +20.3% | +18.0% | +6.8% | +3.2% | +27.6% |
| Profitability & leverage | |||||||
| Net income margin | +0.2% | -0.5% | -1.0% | +0.5% | +0.4% | +0.9% | +1.6% |
| Return on capital employed | +7.3% | +5.6% | +3.1% | +7.2% | +6.1% | +7.3% | +15.0% |
| Return on net worth | +1.5% | -7.5% | -9.9% | +5.0% | +2.7% | +5.2% | +10.6% |
| Debt / equity | 0.94 | 1.73 | 1.49 | 1.12 | 0.60 | 0.42 | 0.23 |
| Long-term debt / equity | 0.73 | 1.30 | 0.97 | 0.72 | 0.40 | 0.27 | 0.13 |
| Interest cover | 82.39 | 140.70 | 339.95 | 73.40 | 70.08 | 48.04 | 20.78 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.87 | 3.96 | 4.01 | 4.72 | 5.80 | 6.91 | 13.26 |
| Inventory turnover | 0.00 | 0.00 | 26,858.39 | 5,574.23 | 5,791.27 | 0.00 | 0.00 |
| Debtors turnover | 10.65 | 9.20 | 8.13 | 8.99 | 8.50 | 6.39 | 6.59 |
| EPS (βΉ) | 0.23 | (4.97) | (7.60) | 3.65 | 2.44 | 4.19 | 7.70 |
| Dividend per share (βΉ) | 2.50 | 2.50 | 2.50 | 2.50 | 2.00 | 2.50 | 1.50 |
| Book value per share (βΉ) | 118.40 | 60.71 | 68.36 | 78.02 | 76.03 | 79.25 | 76.13 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,714 | 1,655 | 1,414 | 1,545 | 1,367 | 1,346 | 1,293 | 1,327 |
| Revenue growth (YoY) | +25.4% | +23.0% | +9.3% | +16.5% | +10.6% | +16.4% | - | - |
| Other income | 20.09 | 8.29 | 3.12 | 3.92 | 2.50 | 1.96 | 1.43 | 4.41 |
| Total expenses | 1,608 | 1,550 | 1,315 | 1,457 | 1,285 | 1,267 | 1,213 | 1,250 |
| EBITDA | 106 | 105 | 99.08 | 88.21 | 82.16 | 78.73 | 79.70 | 76.92 |
| EBITDA margin | +6.2% | +6.3% | +7.0% | +5.7% | +6.0% | +5.8% | +6.2% | +5.8% |
| Depreciation | 65.91 | 62.55 | 61.14 | 62.47 | 62.75 | 55.99 | 49.99 | 50.91 |
| Interest | 13.02 | 11.58 | 12.02 | 14.30 | 16.79 | 16.02 | 13.68 | 15.05 |
| Profit before tax | 46.84 | 38.78 | 29.04 | 15.36 | 5.12 | 8.68 | 17.46 | 15.37 |
| Tax | 9.21 | 9.78 | 7.66 | 3.96 | 1.33 | 2.24 | 4.34 | 3.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,672 | 5,013 | 4,530 | 4,459 | 3,631 | 2,959 | 3,261 |
| Revenue growth | +13.2% | +10.7% | +1.6% | +22.8% | +22.7% | -9.3% | - |
| Other income | 11.50 | 11.30 | 14.81 | 14.74 | 9.56 | 15.50 | 13.29 |
| Total expenses | 5,324 | 4,715 | 4,238 | 4,183 | 3,452 | 2,842 | 3,113 |
| Employee cost | 325 | 293 | 285 | 289 | 282 | 280 | 291 |
| EBITDA | 348 | 297 | 292 | 276 | 180 | 117 | 148 |
| EBITDA margin | +6.1% | +5.9% | +6.5% | +6.2% | +5.0% | +4.0% | +4.5% |
| Depreciation | 242 | 196 | 178 | 169 | 130 | 82.75 | 65.95 |
| Interest | 59.13 | 54.31 | 44.11 | 41.42 | 26.04 | 17.11 | 14.43 |
| Profit before tax | 58.20 | 58.18 | 85.55 | 80.44 | 32.69 | 32.64 | 80.69 |
| Tax | 15.18 | 14.68 | 23.57 | 15.91 | 8.25 | 8.65 | 25.55 |
| Net profit | 47.54 | 43.68 | 62.42 | 62.63 | 24.49 | 27.14 | 55.28 |
| Net profit margin | +0.8% | +0.9% | +1.4% | +1.4% | +0.7% | +0.9% | +1.7% |
| EPS (βΉ) | 4.34 | 6.03 | 8.60 | 8.96 | 3.40 | 3.35 | 7.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 99.22 | 72.13 | 72.04 | 71.98 | 71.87 | 71.67 | 71.54 |
| Reserves & surplus | 1,377 | 627 | 603 | 556 | 503 | 494 | 474 |
| Shareholders' funds (net worth) | 1,476 | 699 | 675 | 628 | 575 | 565 | 545 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 559 | 560 | 464 | 555 | 361 | 240 | 165 |
| Total debt | 559 | 560 | 464 | 555 | 361 | 240 | 165 |
| Total liabilities | 2,047 | 1,275 | 1,158 | 1,202 | 951 | 819 | 725 |
| Assets | |||||||
| Gross block | 1,431 | 1,148 | 962 | 904 | 755 | 520 | 324 |
| Net block | 778 | 592 | 529 | 551 | 474 | 346 | 210 |
| Capital work in progress | 6.16 | 45.76 | 0.30 | 3.59 | 13.82 | 3.06 | 15.04 |
| Investments | 855 | 419 | 332 | 260 | 137 | 76.48 | 21.41 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.41 | 1.43 | 0.00 | 0.00 |
| Sundry debtors | 510 | 462 | 509 | 451 | 406 | 408 | 476 |
| Cash & bank balances | 152 | 43.39 | 15.33 | 115 | 131 | 197 | 99.28 |
| Loans & advances | 479 | 589 | 506 | 510 | 494 | 441 | 328 |
| Total current assets | 1,140 | 1,094 | 1,030 | 1,077 | 1,032 | 1,047 | 902 |
| Total current liabilities | 987 | 1,043 | 970 | 957 | 898 | 767 | 605 |
| Net working capital | 153 | 51.04 | 59.71 | 120 | 134 | 280 | 297 |
| Total assets | 2,047 | 1,275 | 1,158 | 1,202 | 951 | 819 | 725 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 43.36 | 15.31 | 115 | 131 | 197 | 99.28 | 54.84 |
| Net cash from operating activities | 256 | 382 | 249 | 146 | 204 | 281 | 80.40 |
| Net cash from investing activities | (601) | (226) | (103) | (148) | (150) | (105) | 35.15 |
| Net cash from financing activities | 364 | (127) | (245) | (14.34) | (121) | (77.23) | (71.11) |
| Net change in cash | 18.55 | 28.05 | (99.33) | (16.41) | (66.09) | 97.86 | 44.44 |
| Closing cash | 152 | 43.39 | 15.33 | 115 | 131 | 197 | 99.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.2% | +10.7% | +1.6% | +22.8% | +22.7% | -9.3% | - |
| EBITDA growth | +17.1% | +1.7% | +5.8% | +53.9% | +53.5% | -20.8% | - |
| PBT growth | +0.0% | -32.0% | +6.4% | +146.1% | +0.2% | -59.6% | -38.1% |
| Net income growth | +8.8% | -30.0% | -0.3% | +155.7% | -9.8% | -50.9% | - |
| Revenue CAGR (3Y) | +8.4% | +11.4% | +15.3% | +11.0% | -0.3% | -2.8% | +8.0% |
| EBITDA CAGR (3Y) | +8.0% | +18.3% | +35.7% | +23.2% | +9.2% | +3.4% | +29.6% |
| Profitability & leverage | |||||||
| Net income margin | +0.8% | +0.9% | +1.4% | +1.5% | +0.7% | +0.8% | +1.7% |
| Return on capital employed | +7.5% | +9.3% | +11.0% | +11.3% | +6.6% | +7.0% | +15.4% |
| Return on net worth | +4.4% | +6.3% | +9.5% | +10.7% | +4.3% | +4.9% | +10.6% |
| Debt / equity | 0.51 | 0.74 | 0.78 | 0.76 | 0.53 | 0.36 | 0.16 |
| Long-term debt / equity | 0.38 | 0.51 | 0.43 | 0.47 | 0.39 | 0.27 | 0.11 |
| Interest cover | 55.87 | 53.67 | 38.41 | 38.67 | 52.96 | 49.96 | 17.63 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.40 | 4.75 | 4.86 | 5.38 | 5.70 | 7.01 | 15.39 |
| Inventory turnover | 0.00 | 0.00 | 22,097.07 | 4,846.63 | 5,078.43 | 0.00 | 0.00 |
| Debtors turnover | 11.68 | 10.33 | 9.43 | 10.41 | 8.92 | 6.70 | 6.82 |
| EPS (βΉ) | 4.34 | 6.03 | 8.60 | 8.96 | 3.40 | 3.35 | 7.71 |
| Dividend per share (βΉ) | 2.50 | 2.50 | 2.50 | 2.50 | 2.00 | 2.50 | 1.50 |
| Book value per share (βΉ) | 148.80 | 96.94 | 93.76 | 87.24 | 79.98 | 78.87 | 76.22 |
Investments & Acquisitions by Mahindra Logistics
Mahindra Logistics has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include LORDS, Transtech Logistics and V-Link Automotive Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Automotive vehicle parts are supplied by V-Link Automotive Services. | Mumbai, India | 2010 | May 2022 | β’β’β’β’ | ||
Passenger transport and taxi services are provided. | Mumbai, India | 2002 | May 2022 | β’β’β’β’ | ||
Freight forwarding and logistic transportation services are provided globally. | Hyderabad, India | 2018 | Mar 2022 | $9.6M | ||
Last-mile delivery services for e-commerce are provided intracity. | whizzard.in | Hyderabad, India | 2019 | Feb 2022 | $4.7M | |
Cargo collection and logistics services are provided across South Africa. | transtechlogistics.co.za | Randburg, South Africa | 1997 | Dec 2018 | β’β’β’β’ | |
Air and sea freight forwarding services are provided by LORDS. | lordslogistics.com | Delhi, India | 2011 | Aug 2014 | β’β’β’β’ |
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Timeline of Mahindra Logistics
9 dated milestones of Mahindra Logistics across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Mahindra Logistics is founded.
- Funding First funding round of $33.1M.
- Acquisition Acquires LORDS.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Transtech Logistics.
- Acquisition Acquires Whizzard.
- Acquisition Acquires ZipZap Logistics.
- Acquisition Acquires V-Link Fleet Solutions.
- Acquisition Acquires V-Link Automotive Services.
Web traffic of Mahindra Logistics
The website of Mahindra Logistics (mahindralogistics.com) receives about 49.5K visits a month.
- Monthly visits49.5K
▼ 1.6% vs previous month
Websites whose visitors overlap most with Mahindra Logistics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
rivigotracking.com | rivigotracking.com | 100% | #1,838,709 | β | |
| allcargologistics.com | 86% | 75.8K | #763,648 | View details | |
| omlogistics.co.in | 76% | 444.8K | #60,422 | View details | |
| apllogistics.com | 73% | 103.5K | #299,319 | View details | |
trackcourier.io | trackcourier.io | 72% | #16,249 | β | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
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- Audience overlap
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- Traffic by brand
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Top companies in Warehousing
3 companies that operate in the same segment as Mahindra Logistics (Warehousing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable supply chain solutions are delivered via asset pooling. | 2013 | Mumbai, Maharashtra, India | USD 214.47 M | USD 30.93 M | 246 | |
Multi-modal freight transportation, warehousing, and logistics services are provided globally. | 1993 | Mumbai, Maharashtra, India | USD 18 M | USD 219.35 M | 2,622 | |
Precision engineering solutions for automotive and non-automotive sectors. | 1981 | Bengaluru, Karnataka, India | USD 365.16 M | 379 |
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Related news about Mahindra Logistics
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Frequently Asked Questions about Mahindra Logistics
Mahindra Logistics was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Mahindra Logistics is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rampraveen Swaminathan is the CEO of Mahindra Logistics, as recorded in our data.
Mahindra Logistics is a funded company, having raised a total of $33.05M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $33.05M, raised on Apr 2014.
Mahindra Logistics has 227 employees.
The primary company behind Mahindra Logistics, Mahindra Logistics Limited, reported revenue of βΉ7,016 Cr for FY 2026, up 15% year on year.
Founded in 2009 and headquartered in Mumbai, India, the company operates in the logistics sector. Contract logistics, warehousing, distribution, transportation management, and last-mile delivery services are offered. Cross-border logistics, air and ocean freight, and fulfillment center operations are also provided. Mobility solutions, including airport services and outstation rentals, are included. Technology integration and sustainable practices are emphasized. Services support industries such as automotive, consumer goods, pharmaceuticals, e-commerce, and telecom.
Yes, Mahindra Logistics is publicly traded on NSE under the ticker symbol MAHLOG.
Mahindra Logistics has made 6 acquisitions, including LORDS, Transtech Logistics, and V-Link Automotive Services.
Mahindra Logistics has 1 investor. Key investors include Kedaara.
Mahindra Logistics is associated with 3 legal entities: Mahindra Logistics Limited, 2 X 2 Logistics Private Limited, Mll Express Services Private Limited.
The legal entities of Mahindra Logistics currently have 17 directors, including Naveen Raju Kollaickal, Kishan Sedhuram Singhal, Isha Dalal and others.
