About MFL India
MFL India is a publicly listed company based in India founded in 1981. Freight forwarding, warehousing, and logistics services are provided in India. Its Indian entity Mfl India Limited reported revenue of ₹66.11 Cr. Its focus areas include Transportation and Logistics, Freight Forwarders and Multi Modal. Its competitors include Allcargo Logistics and CJ Darcl; 2 of its 2 listed competitors have raised funding.
Company details
MFL India was established in 1981 as a provider in the logistics sector. Freight forwarding, warehousing, and comprehensive logistic services are offered by the company. Operations are centered in India, where transportation and supply chain solutions are managed for various clients. The domain mflindia.in serves as the online presence for these activities, supporting regional and international freight needs within the countrys infrastructure.
- Headquarters India
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Website ww38.mflindia.in
- Legal Name Mfl India Limited
- Date of Incorporation 28 Nov, 1981
- Jurisdiction Delhi, India
- Market Cap₹14.77 Cr
MFLINDIA · BSE
- Share Price₹0.38
-7.32% today
- Revenue₹66.03 Cr
FY 2025-26 · +26.4% YoY
- EBITDA₹0.19 Cr
Margin 0.3%
- Net Profit₹1.57 Cr
FY 2025-26 · +221.7% YoY
- P/E (TTM)3.1x
P/B -
Associated legal entities of MFL India
MFL India operates through Mfl India Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mfl India Limited Listed CIN L63040DL1981PLC012730 | Active | 28 Nov 1981 | Delhi, Delhi | ₹66.1 Cr | 6 | View details |
Board of directors of Mfl India Limited (MFL India)
Mfl India Limited is the primary company behind MFL India. The board of Mfl India Limited currently have 4 directors; the longest-serving is Anil Thukral, appointed in 2012. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anil Thukral DIN 01168540 | Managing Director | 05 Apr 2012 | 14 yrs 6 mo | Mfl India Limited |
| Jafar Ahamed DIN 06447145 | Director | 28 Sep 2024 | 2 yrs | Mfl India Limited |
| Meenakshi Aggarwal DIN 06501558 | Director | 28 Sep 2024 | 2 yrs | Mfl India Limited |
| Atul Kumar DIN 07372955 | Director | 28 Sep 2024 | 2 yrs | Mfl India Limited |
IPO & Listings of MFL India
MFL India is a publicly listed company on the BSE with ticker symbol MFLINDIA in India, operating in the Logistics 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 date11 Oct 1994
- Listed onBSE: 526622
- Listed entityMfl India Limited
- Exchange sectorLogistics
Financials of MFL India
Exchange-reported figures of Mfl India Limited, the listed company behind MFL India (BSE: MFLINDIA).
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 | 66.03 | 52.26 | 53.61 | 13.75 | 2.51 | 16.49 | 1.19 |
| Revenue growth | +26.4% | -2.5% | +289.9% | +447.8% | -84.8% | +1285.7% | - |
| EBITDA | 0.19 | 1.32 | (1.55) | 0.08 | (0.27) | 3.00 | (0.53) |
| EBITDA margin | +0.3% | +2.5% | -2.9% | +0.6% | -10.8% | +18.2% | -44.5% |
| Profit before tax | (1.88) | 0.17 | (2.44) | 0.00 | 1.77 | 3.05 | 32.45 |
| Net profit | 1.57 | (1.29) | (2.57) | 0.00 | 1.58 | 3.11 | 32.70 |
| Net profit margin | +2.4% | -2.5% | -4.8% | 0.0% | +63.0% | +18.9% | +2747.9% |
| EPS (₹) | 0.04 | (0.02) | (0.07) | 0.00 | 0.05 | 0.09 | 0.90 |
| Balance sheet | |||||||
| Total assets | - | 14.81 | 12.93 | 15.51 | 0.50 | 7.02 | 4.53 |
| Net worth | - | (2.78) | (1.95) | 0.51 | 0.50 | (1.28) | (4.38) |
| Total debt | - | 17.59 | 14.88 | 15.00 | 0.00 | 8.30 | 8.91 |
| Cash & bank | - | 0.06 | 1.05 | 0.35 | 0.03 | 0.27 | 0.12 |
| Net working capital | - | 0.70 | 1.29 | 7.25 | 0.43 | 5.06 | 2.52 |
| Cash flow | |||||||
| Cash from operations | - | 1.22 | 5.30 | (6.38) | 5.98 | 0.68 | 0.00 |
| Cash from investing | - | (4.92) | (4.48) | (8.29) | 2.07 | 0.89 | 0.00 |
| Cash from financing | - | 2.71 | (0.12) | 15.00 | (8.30) | (1.42) | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.20 | 18.23 | 17.83 | 15.97 | 14.00 | 52.26 | 12.79 | 12.65 |
| Revenue growth (YoY) | -5.7% | -65.1% | +39.4% | +26.3% | +21.7% | - | - | - |
| Other income | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.49 | 0.06 | 0.40 |
| Total expenses | 12.62 | 17.73 | 17.16 | 14.86 | 16.08 | 50.94 | 12.34 | 13.06 |
| EBITDA | 0.58 | 0.50 | 0.67 | 1.11 | (2.08) | 1.32 | 0.45 | (0.41) |
| EBITDA margin | +4.4% | +2.7% | +3.8% | +7.0% | -14.9% | +2.5% | +3.5% | -3.2% |
| Depreciation | 0.62 | 0.58 | 0.55 | 0.52 | 0.50 | 1.64 | 0.43 | 0.42 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.04) | 0.00 | 0.12 | 0.59 | (2.58) | 0.17 | 0.08 | (0.43) |
| Tax | (0.24) | 0.40 | (0.65) | (3.20) | 0.00 | 1.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.20 | 18.23 | 17.83 | 15.97 | 14.00 | 52.26 | 12.79 | 12.65 |
| Revenue growth (YoY) | -5.7% | -65.1% | +39.4% | +26.3% | +21.7% | - | - | - |
| Other income | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.49 | 0.06 | 0.40 |
| Total expenses | 12.62 | 17.73 | 17.16 | 14.86 | 16.08 | 50.94 | 12.34 | 13.06 |
| EBITDA | 0.58 | 0.50 | 0.67 | 1.11 | (2.08) | 1.32 | 0.45 | (0.41) |
| EBITDA margin | +4.4% | +2.7% | +3.8% | +7.0% | -14.9% | +2.5% | +3.5% | -3.2% |
| Depreciation | 0.62 | 0.58 | 0.55 | 0.52 | 0.50 | 1.64 | 0.43 | 0.42 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.04) | 0.00 | 0.12 | 0.59 | (2.58) | 0.17 | 0.08 | (0.43) |
| Tax | (0.24) | 0.40 | (0.65) | (3.20) | 0.00 | 1.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 66.03 | 52.26 | 53.61 | 13.75 | 2.51 | 16.49 | 1.19 |
| Revenue growth | +26.4% | -2.5% | +289.9% | +447.8% | -84.8% | +1285.7% | - |
| Other income | 0.08 | 0.49 | 0.27 | 0.05 | 2.04 | 0.05 | 33.39 |
| Total expenses | 65.84 | 50.94 | 55.16 | 13.67 | 2.78 | 13.49 | 1.72 |
| Employee cost | 0.00 | 0.68 | 0.64 | 0.23 | 0.13 | 0.10 | 0.03 |
| EBITDA | 0.19 | 1.32 | (1.55) | 0.08 | (0.27) | 3.00 | (0.53) |
| EBITDA margin | +0.3% | +2.5% | -2.9% | +0.6% | -10.8% | +18.2% | -44.5% |
| Depreciation | 2.15 | 1.64 | 1.16 | 0.13 | 0.00 | 0.00 | 0.41 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (1.88) | 0.17 | (2.44) | 0.00 | 1.77 | 3.05 | 32.45 |
| Tax | (3.45) | 1.00 | 0.00 | 0.00 | 0.00 | (0.06) | 0.00 |
| Net profit | 1.57 | (1.29) | (2.57) | 0.00 | 1.58 | 3.11 | 32.70 |
| Net profit margin | +2.4% | -2.5% | -4.8% | 0.0% | +63.0% | +18.9% | +2747.9% |
| EPS (₹) | 0.04 | (0.02) | (0.07) | 0.00 | 0.05 | 0.09 | 0.90 |
| 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 | - | 36.03 | 36.03 | 36.03 | 36.03 | 36.03 | 36.03 |
| Reserves & surplus | - | (38.81) | (37.98) | (35.52) | (35.53) | (37.31) | (40.41) |
| Shareholders' funds (net worth) | - | (2.78) | (1.95) | 0.51 | 0.50 | (1.28) | (4.38) |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | - | 17.59 | 14.88 | 15.00 | 0.00 | 8.30 | 8.91 |
| Total debt | - | 17.59 | 14.88 | 15.00 | 0.00 | 8.30 | 8.91 |
| Total liabilities | - | 14.81 | 12.93 | 15.51 | 0.50 | 7.02 | 4.53 |
| Assets | |||||||
| Gross block | - | 14.27 | 11.37 | 8.07 | 0.00 | 1.86 | 1.86 |
| Net block | - | 14.27 | 11.37 | 8.07 | 0.00 | 1.86 | 1.86 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | - | 0.00 | 0.00 | 0.39 | 0.00 | 0.58 | 1.46 |
| Sundry debtors | - | 3.17 | 1.24 | 3.05 | 0.00 | 4.28 | 0.48 |
| Cash & bank balances | - | 0.06 | 1.05 | 0.35 | 0.03 | 0.27 | 0.12 |
| Loans & advances | - | 3.32 | 3.23 | 6.25 | 0.45 | 0.67 | 1.04 |
| Total current assets | - | 6.55 | 5.52 | 10.04 | 0.48 | 5.80 | 3.10 |
| Total current liabilities | - | 5.85 | 4.23 | 2.79 | 0.05 | 0.74 | 0.58 |
| Net working capital | - | 0.70 | 1.29 | 7.25 | 0.43 | 5.06 | 2.52 |
| Total assets | - | 14.81 | 12.93 | 15.51 | 0.50 | 7.02 | 4.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 1.05 | 0.35 | 0.03 | 0.27 | 0.12 | 0.00 |
| Net cash from operating activities | - | 1.22 | 5.30 | (6.38) | 5.98 | 0.68 | 0.00 |
| Net cash from investing activities | - | (4.92) | (4.48) | (8.29) | 2.07 | 0.89 | 0.00 |
| Net cash from financing activities | - | 2.71 | (0.12) | 15.00 | (8.30) | (1.42) | 0.00 |
| Net change in cash | - | (1.00) | 0.70 | 0.33 | (0.24) | 0.15 | 0.00 |
| Closing cash | - | 0.06 | 1.05 | 0.35 | 0.03 | 0.27 | 0.12 |
| 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 | +26.4% | -2.5% | +289.9% | +447.8% | -84.8% | +1285.7% | - |
| EBITDA growth | -85.6% | +185.2% | -2037.5% | +129.6% | -109.0% | +666.0% | - |
| PBT growth | - | +9998.0% | +9997.0% | +9997.0% | -42.0% | -90.6% | +9998.0% |
| Net income growth | +221.7% | +49.8% | - | -100.0% | -49.2% | -90.5% | - |
| Revenue CAGR (3Y) | +68.7% | +175.1% | +48.1% | +126.1% | - | -34.7% | -79.9% |
| EBITDA CAGR (3Y) | +33.4% | - | - | - | -76.9% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +2.4% | -1.6% | -4.6% | 0.0% | +70.5% | +18.9% | +2726.9% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | +42.3% | +52.6% | +1151.1% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | -407.7% | -109.5% | -157.5% |
| Debt / equity | - | 0.00 | 0.00 | 14.85 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 14.85 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.08 | 5.52 | 3.41 | 2.70 | 8.87 | 0.32 |
| Inventory turnover | - | 0.00 | 274.92 | 70.51 | 8.66 | 16.17 | 1.63 |
| Debtors turnover | - | 23.70 | 24.99 | 9.02 | 1.17 | 6.93 | 4.96 |
| EPS (₹) | 0.04 | (0.02) | (0.07) | 0.00 | 0.05 | 0.09 | 0.90 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (0.08) | (0.05) | 0.01 | 0.01 | (0.04) | (0.12) |
Competitors of MFL India
MFL India has 2 listed competitors in our database, 2 of them funded. They include Allcargo Logistics and CJ Darcl.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| allcargologistics.com | 1993 | Mumbai, India | $18M | 182 | Multi-modal freight transportation, warehousing, and logistics services are provided globally. | |
| cjdarcl.com | 1975 | Gurugram, India | $17.31M | 6,166 | Multi-modal freight forwarding, logistics, and warehousing services are provided. |
Detailed competitors of MFL India
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Top companies in Freight Forwarders
3 companies that operate in the same segment as MFL India (Freight Forwarders) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multimodal logistics and supply chain solutions are provided comprehensively. | 1958 | Gurugram, Haryana, India | USD 524.07 M | 13,460 | ||
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 | |
Multi-modal freight transportation, warehousing, and logistics services are provided globally. | 1993 | Mumbai, Maharashtra, India | USD 18 M | USD 219.35 M | 557 |
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Frequently Asked Questions about MFL India
MFL India was founded in 1981.
MFL India is headquartered in India.
The primary company behind MFL India, Mfl India Limited, reported revenue of ₹66.11 Cr for FY 2026, up 26% year on year.
MFL India was established in 1981 as a provider in the logistics sector. Freight forwarding, warehousing, and comprehensive logistic services are offered by the company. Operations are centered in India, where transportation and supply chain solutions are managed for various clients. The domain mflindia.in serves as the online presence for these activities, supporting regional and international freight needs within the countrys infrastructure.
MFL India's top competitors include Allcargo Logistics and CJ Darcl.
Yes, MFL India is publicly traded on BSE under the ticker symbol MFLINDIA.
MFL India operates through Mfl India Limited.
The legal entities of MFL India currently have 6 directors, including Anil Thukral, Jafar Ahamed, Meenakshi Aggarwal and others.