About Maheshwari Logistics Limited
Data last updated: 14 July 2026
Maheshwari Logistics Limited is a public limited company based in Vapi, Gujarat, India. It specialises in paper and packaging products, a part of the broader manufacturing sector. Incorporated on 12 October 2006, the company has been in operation for over 20 years.
Registered with ROC Ahmedabad under CIN L60232GJ2006PLC049224. Listed on NSE: MAHESHWARI.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.6 Cr. Formerly known as Maheshwari Logistics Private Limited. It is led by directors including Vinay Premnarayan Maheshwari and Amit Kailashnarayan Maheshwari.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mll House Shed No. A2 – 3/2 Opp. Upl 1St Phase Gidc, Vapi, Gujarat, India – 396195.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,110.01 Cr, a growth of 14.06% compared to the previous year. The net worth stands at ₹218.28 Cr (up 8.58% YoY). Total assets are valued at ₹648.28 Cr (up 5.68% YoY).
The company has a workforce of approximately 356 employees as per the latest available data. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand - Maheshwari Logistics. As per MCA filings, the company has open charges of ₹652.82 Cr and satisfied charges of ₹312.28 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mlpl.biz.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered AddressMll House Shed No. A2 – 3/2 Opp. Upl 1St Phase Gidc, Vapi, Gujarat, India – 396195
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IndustryManufacturing, Paper & Packaging Products
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Maheshwari Logistics Limited
Maheshwari Logistics Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L60232GJ2006PLC049224, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L60232GJ2006PLC049224 | Current |
| U60232GJ2006PTC049224 | Previous |
| U60232GJ2006PLC049224 | Previous |
Associated Brands with Maheshwari Logistics Limited
Maheshwari Logistics Limited operates one associated brand: Maheshwari Logistics. These brands represent Maheshwari Logistics Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Trucking, transportation, and logistics services are provided. | mlpl.biz |
Business Activity of Maheshwari Logistics Limited
Maheshwari Logistics Limited is engaged in multiple principal business activities such as trade, transport and storage, and manufacturing, with detailed activities including wholesale trading, land transport via road, wood and wood products, furniture, paper and paper products. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| H | Transport and storage | H1 | Land Transport via Road | Locked |
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details for Maheshwari Logistics Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Maheshwari Logistics Limited
Maheshwari Logistics Limited is audited by Kakaria and Associates LLP (ICAI peer reviewed, certificate valid till 2027-03-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Kakaria and Associates LLP (ICAI peer reviewed, certificate valid till 2027-03-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Maheshwari Logistics Limited
Maheshwari Logistics Limited is currently managed by 8 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Vinay Premnarayan Maheshwari
Also directs:
Maheshwari Logistics (India) Llp, Samarth Finstock Limited
|
Whole-Time Director | 31 Jul 2024 | 1 Years 11 Months | Current |
|
Amit Kailashnarayan Maheshwari
Also directs:
Samarth Finstock Limited
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Whole-Time Director | 31 Jul 2024 | 1 Years 11 Months | Current |
| Ramnaresh Ramkalyan Kabra | Director | 05 Apr 2019 | 7 Years 3 Months | Current |
| Mukesh Agrawal | Director | 30 May 2018 | 8 Years 1 Months | Current |
| Punam Pushpkumar Dhoot | Director | 23 Jun 2021 | 5 Years 0 Months | Current |
|
Neeraj Maheshwari
Also directs:
Maheshwari Logistics (India) Llp, Vidhik Prints Private Limited, Maheshwari Motor Service Private Limited and 1 more
|
Managing Director | 31 Jul 2024 | 1 Years 11 Months | Current |
Financials of Maheshwari Logistics Limited FY 2026 filings available
Maheshwari Logistics Limited reported revenue of ₹1,110.01 Cr (up 14.06% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,110.01 Cr | ₹973.15 Cr | ₹1,048 Cr | ₹1,149.05 Cr | ₹1,034.89 Cr | ₹676.19 Cr | ₹760 Cr |
| Other Income | ₹5.7 Cr | ₹4.9 Cr | ₹3.97 Cr | ₹2.49 Cr | ₹2.7 Cr | ₹1.79 Cr | ₹2.2 Cr |
| Total Income | ₹1,115.71 Cr | ₹978.05 Cr | ₹1,051.97 Cr | ₹1,151.54 Cr | ₹1,037.59 Cr | ₹677.98 Cr | ₹762.2 Cr |
| Cost of Materials Consumed | ₹221.33 Cr | ₹198.31 Cr | ₹183.45 Cr | ₹287.26 Cr | ₹417.02 Cr | ₹327.43 Cr | ₹313.11 Cr |
| Purchases of Stock-in-Trade | ₹682.69 Cr | ₹559.29 Cr | ₹671.5 Cr | ₹651.42 Cr | ₹407.76 Cr | ₹271.44 Cr | ₹363.79 Cr |
| Changes in Inventories | -₹12.43 Cr | ₹7.45 Cr | -₹20.65 Cr | ₹25.84 Lakh | ₹5.81 Cr | ₹6.77 Cr | -₹1.2 Cr |
| Employee Benefit Expense | ₹22.18 Cr | ₹20.25 Cr | ₹19.35 Cr | ₹15.5 Cr | ₹14.35 Cr | ₹13.29 Cr | ₹18.79 Cr |
| Finance Costs | ₹35.06 Cr | ₹32.49 Cr | ₹28 Cr | ₹22.49 Cr | ₹18.63 Cr | ₹19.33 Cr | ₹21.37 Cr |
| Depreciation & Amortisation | ₹17.45 Cr | ₹16.03 Cr | ₹11.97 Cr | ₹11.85 Cr | ₹12.21 Cr | ₹12.85 Cr | ₹11.88 Cr |
| Other Expenses | ₹125.81 Cr | ₹119.26 Cr | ₹140.14 Cr | ₹144.53 Cr | ₹138.04 Cr | ₹14.03 Cr | ₹14.3 Cr |
| Total Expenses | ₹1,092.09 Cr | ₹953.08 Cr | ₹1,033.75 Cr | ₹1,133.3 Cr | ₹1,013.83 Cr | ₹665.13 Cr | ₹742.03 Cr |
| Profit Before Exceptional Items & Tax | ₹23.62 Cr | ₹24.98 Cr | ₹18.22 Cr | ₹18.23 Cr | ₹23.76 Cr | ₹12.85 Cr | ₹20.16 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹23.62 Cr | ₹24.98 Cr | ₹18.22 Cr | ₹18.23 Cr | ₹23.76 Cr | ₹12.85 Cr | ₹20.16 Cr |
| Total Tax Expense | ₹6.52 Cr | ₹6.56 Cr | ₹4.47 Cr | ₹4.75 Cr | ₹6.61 Cr | ₹3.56 Cr | ₹5.46 Cr |
| Net Profit | ₹17.1 Cr | ₹18.42 Cr | ₹13.75 Cr | ₹13.48 Cr | ₹17.15 Cr | ₹9.29 Cr | ₹14.7 Cr |
| attributable to Owners | ₹16.84 Cr | ₹18.14 Cr | - | ₹0 | ₹0 | ₹0 | ₹0 |
| attributable to NCI | ₹25.67 Lakh | ₹27.63 Lakh | - | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | ₹15.15 Lakh | ₹59.92 Lakh | ₹38.07 Lakh | -₹3.02 Lakh | ₹15.7 Lakh | ₹4.75 Lakh | ₹1.56 Lakh |
| Total Comprehensive Income | ₹17.25 Cr | ₹19.02 Cr | ₹14.13 Cr | ₹13.45 Cr | ₹17.31 Cr | ₹9.34 Cr | ₹14.72 Cr |
| EBITDA (computed) | ₹76.13 Cr | ₹73.5 Cr | ₹58.19 Cr | ₹52.57 Cr | ₹54.6 Cr | ₹45.03 Cr | ₹53.41 Cr |
| Basic EPS | ₹5.74 | ₹6.13 | ₹4.40 | ₹4.56 | ₹5.85 | ₹3.14 | ₹9.94 |
| Diluted EPS | ₹5.74 | ₹6.13 | ₹4.40 | ₹4.56 | ₹5.85 | ₹3.14 | ₹9.94 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹648.28 Cr | ₹613.44 Cr | ₹546.68 Cr | ₹479.46 Cr |
| Non-current Assets | ₹204.67 Cr | ₹215.16 Cr | ₹201.17 Cr | ₹167.31 Cr |
| Current Assets | ₹443.61 Cr | ₹398.28 Cr | ₹345.52 Cr | ₹312.14 Cr |
| Property, Plant & Equipment | ₹183.98 Cr | ₹157.75 Cr | ₹146.39 Cr | ₹103.65 Cr |
| Inventories | ₹175.29 Cr | ₹151.99 Cr | ₹134.76 Cr | ₹110.84 Cr |
| Trade Receivables | ₹186.97 Cr | ₹154.64 Cr | ₹146.12 Cr | ₹142.35 Cr |
| Cash & Equivalents | ₹7.34 Cr | ₹22.71 Cr | ₹1.4 Cr | ₹2.52 Cr |
| Equity (Net Worth) | ₹218.28 Cr | ₹201.04 Cr | ₹181.13 Cr | ₹167 Cr |
| Equity Share Capital | ₹29.6 Cr | ₹29.6 Cr | ₹29.6 Cr | ₹29.6 Cr |
| Borrowings (Non-current) | ₹47.63 Cr | ₹103.4 Cr | ₹97.7 Cr | ₹90.94 Cr |
| Borrowings (Current) | ₹227.3 Cr | ₹164.84 Cr | ₹150.45 Cr | ₹100.3 Cr |
| Total Debt (computed) | ₹274.93 Cr | ₹268.24 Cr | ₹248.15 Cr | ₹191.24 Cr |
| Current Liabilities | ₹371.02 Cr | ₹298.62 Cr | ₹258.83 Cr | ₹212.71 Cr |
| Total Liabilities | ₹430 Cr | ₹412.4 Cr | ₹365.56 Cr | ₹312.46 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹23.63 Cr | ₹57.22 Cr | ₹26.4 Cr | ₹38.27 Cr | ₹10.8 Cr |
| Investing Cash Flow | -₹10.31 Cr | -₹26.06 Cr | -₹42.57 Cr | -₹30.66 Cr | -₹37.12 Cr |
| Financing Cash Flow | -₹28.4 Cr | -₹10.62 Cr | ₹22.64 Cr | -₹7.46 Cr | ₹15.32 Cr |
| Capital Expenditure | ₹43.98 Cr | ₹27.27 Cr | ₹44.93 Cr | ₹35.46 Cr | ₹24.58 Cr |
| Free Cash Flow (computed) | -₹20.35 Cr | ₹29.95 Cr | -₹18.54 Cr | ₹2.81 Cr | -₹13.78 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹1.48 Cr | ₹1.48 Cr |
| Net Change in Cash | -₹15.08 Cr | ₹20.54 Cr | ₹6.46 Cr | ₹15.25 Lakh | -₹10.99 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹293.92 Cr | ₹272.84 Cr | ₹275.11 Cr | ₹268.14 Cr | ₹259.03 Cr | ₹235.36 Cr | ₹228.73 Cr | ₹250.02 Cr | ₹260.63 Cr | ₹276.59 Cr | ₹239.53 Cr | ₹271.26 Cr |
| Other Income | ₹1.38 Cr | ₹70.04 Lakh | ₹2.47 Cr | ₹1.15 Cr | ₹2.7 Cr | -₹13.49 Lakh | ₹1.52 Cr | ₹82.34 Lakh | ₹1.03 Cr | ₹1.78 Cr | ₹52.03 Lakh | ₹63.61 Lakh |
| Total Income | ₹295.3 Cr | ₹273.55 Cr | ₹277.58 Cr | ₹269.29 Cr | ₹261.73 Cr | ₹235.23 Cr | ₹230.25 Cr | ₹250.85 Cr | ₹261.65 Cr | ₹278.38 Cr | ₹240.05 Cr | ₹271.89 Cr |
| Cost of Materials Consumed | ₹56.9 Cr | ₹42.25 Cr | ₹59.8 Cr | ₹62.38 Cr | ₹38.29 Cr | ₹51.14 Cr | ₹56.92 Cr | ₹51.96 Cr | ₹36.51 Cr | ₹41 Cr | ₹51.99 Cr | ₹53.95 Cr |
| Purchases of Stock-in-Trade | ₹190.98 Cr | ₹172.99 Cr | ₹163.11 Cr | ₹155.61 Cr | ₹182.47 Cr | ₹130.53 Cr | ₹105.87 Cr | ₹140.41 Cr | ₹191.78 Cr | ₹177.46 Cr | ₹131.6 Cr | ₹170.65 Cr |
| Changes in Inventories | -₹87.05 Lakh | -₹9.77 Cr | -₹5.18 Lakh | -₹1.74 Cr | -₹7.81 Cr | -₹4.23 Cr | ₹13.69 Cr | ₹5.8 Cr | -₹15.17 Cr | -₹3.43 Cr | -₹2.62 Cr | ₹56 Lakh |
| Employee Benefit Expense | ₹5.53 Cr | ₹6.35 Cr | ₹5.29 Cr | ₹5.01 Cr | ₹5.44 Cr | ₹5.45 Cr | ₹4.86 Cr | ₹4.49 Cr | ₹5.72 Cr | ₹4.75 Cr | ₹4.82 Cr | ₹4.05 Cr |
| Finance Costs | ₹9.35 Cr | ₹8.21 Cr | ₹8.68 Cr | ₹8.83 Cr | ₹7.67 Cr | ₹9.28 Cr | ₹7.76 Cr | ₹7.79 Cr | ₹8.17 Cr | ₹6.99 Cr | ₹6.25 Cr | ₹6.59 Cr |
| Depreciation & Amortisation | ₹4.47 Cr | ₹4.64 Cr | ₹4.5 Cr | ₹3.84 Cr | ₹4.18 Cr | ₹4.39 Cr | ₹3.91 Cr | ₹3.55 Cr | ₹3.48 Cr | ₹2.94 Cr | ₹2.79 Cr | ₹2.77 Cr |
| Other Expenses | ₹23.19 Cr | ₹43.18 Cr | ₹30.34 Cr | ₹29.11 Cr | ₹21.86 Cr | ₹32.91 Cr | ₹31.52 Cr | ₹32.96 Cr | ₹28.44 Cr | ₹43.91 Cr | ₹39.35 Cr | ₹28.44 Cr |
| Total Expenses | ₹289.55 Cr | ₹267.84 Cr | ₹271.68 Cr | ₹263.02 Cr | ₹252.11 Cr | ₹229.47 Cr | ₹224.53 Cr | ₹246.97 Cr | ₹258.93 Cr | ₹273.63 Cr | ₹234.18 Cr | ₹267.01 Cr |
| Profit Before Exceptional Items & Tax | ₹5.75 Cr | ₹5.7 Cr | ₹5.9 Cr | ₹6.26 Cr | ₹9.63 Cr | ₹5.76 Cr | ₹5.72 Cr | ₹3.87 Cr | ₹2.72 Cr | ₹4.75 Cr | ₹5.87 Cr | ₹4.88 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹5.75 Cr | ₹5.7 Cr | ₹5.9 Cr | ₹6.26 Cr | ₹9.63 Cr | ₹5.76 Cr | ₹5.72 Cr | ₹3.87 Cr | ₹2.72 Cr | ₹4.75 Cr | ₹5.87 Cr | ₹4.88 Cr |
| Total Tax Expense | ₹49.37 Lakh | ₹2.19 Cr | ₹1.92 Cr | ₹1.92 Cr | ₹1.4 Cr | ₹3.15 Cr | ₹1.75 Cr | ₹25.28 Lakh | -₹53.62 Lakh | ₹1.64 Cr | ₹1.64 Cr | ₹1.73 Cr |
| Net Profit | ₹5.26 Cr | ₹3.52 Cr | ₹3.98 Cr | ₹4.34 Cr | ₹8.22 Cr | ₹2.61 Cr | ₹3.97 Cr | ₹3.62 Cr | ₹3.26 Cr | ₹3.11 Cr | ₹4.23 Cr | ₹3.15 Cr |
| attributable to Owners | ₹4.71 Cr | ₹3.82 Cr | ₹4.05 Cr | ₹4.36 Cr | ₹7.78 Cr | ₹2.68 Cr | ₹3.99 Cr | ₹0 | - | ₹2.93 Cr | - | ₹0 |
| attributable to NCI | ₹54.6 Lakh | -₹29.93 Lakh | ₹2.62 Lakh | -₹1.62 Lakh | ₹43.99 Lakh | -₹6.72 Lakh | -₹2.15 Lakh | ₹0 | - | ₹17.97 Lakh | - | ₹0 |
| Other Comprehensive Income | -₹8,000 | -₹4.99 Lakh | -₹6.2 Lakh | ₹26.42 Lakh | -₹44.72 Lakh | ₹48.18 Lakh | ₹18.25 Lakh | ₹38.21 Lakh | ₹26.87 Lakh | -₹50,000 | ₹17.81 Lakh | -₹6.11 Lakh |
| Total Comprehensive Income | ₹5.25 Cr | ₹3.47 Cr | ₹3.92 Cr | ₹4.61 Cr | ₹7.77 Cr | ₹3.09 Cr | ₹4.15 Cr | ₹4 Cr | ₹3.53 Cr | ₹3.11 Cr | ₹4.41 Cr | ₹3.09 Cr |
| EBITDA (computed) | ₹19.57 Cr | ₹18.55 Cr | ₹19.08 Cr | ₹18.93 Cr | ₹21.47 Cr | ₹19.43 Cr | ₹17.39 Cr | ₹15.21 Cr | ₹14.37 Cr | ₹14.68 Cr | ₹14.9 Cr | ₹14.24 Cr |
| Basic EPS | ₹1.59 | ₹1.29 | ₹1.34 | ₹1.47 | ₹2.63 | ₹0.91 | ₹1.34 | ₹1.25 | ₹1.15 | ₹0.99 | ₹1.33 | ₹1.06 |
| Diluted EPS | ₹1.59 | ₹1.29 | ₹1.34 | ₹1.47 | ₹2.63 | ₹0.91 | ₹1.34 | ₹1.25 | ₹1.15 | ₹0.99 | ₹1.33 | ₹1.06 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Trading Segment | ₹178.1 Cr | ₹5.9 Cr | ₹207.91 Cr | ₹166.99 Cr |
| Transportation & Port Service | ₹34.33 Cr | ₹63.19 Lakh | ₹48.3 Cr | ₹30.51 Cr |
| Manufacturing Kraft Paper | ₹90.29 Cr | ₹9.34 Cr | ₹334.62 Cr | ₹136.23 Cr |
| Unallocated (expenses) / income (net) | ₹0 | -₹76.75 Lakh | ₹0 | ₹0 |
| Inter Segment | ₹0 | ₹0 | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Trading Segment | ₹682.81 Cr | ₹20 Cr | - | - |
| Transportation & Port Service | ₹133.07 Cr | ₹3.41 Cr | - | - |
| Manufacturing Kraft Paper | ₹338.4 Cr | ₹36.3 Cr | - | - |
| Unallocated (expenses) / income (net) | ₹0 | -₹1.03 Cr | - | - |
| Inter Segment | ₹0 | ₹0 | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,066.49 Cr | ₹949.24 Cr | ₹1,028.99 Cr | ₹1,144.36 Cr | ₹1,034.67 Cr | ₹670.44 Cr | ₹758.58 Cr |
| Other Income | ₹6.89 Cr | ₹5.53 Cr | ₹4.71 Cr | ₹1.86 Cr | ₹2.89 Cr | ₹2.24 Cr | ₹2.31 Cr |
| Total Income | ₹1,073.38 Cr | ₹954.77 Cr | ₹1,033.7 Cr | ₹1,146.22 Cr | ₹1,037.56 Cr | ₹672.68 Cr | ₹760.89 Cr |
| Cost of Materials Consumed | ₹191.79 Cr | ₹188.64 Cr | ₹175.29 Cr | ₹287.28 Cr | ₹417.15 Cr | ₹322.6 Cr | ₹312.02 Cr |
| Purchases of Stock-in-Trade | ₹679.4 Cr | ₹554.54 Cr | ₹671.5 Cr | ₹646.05 Cr | ₹407.76 Cr | ₹271.44 Cr | ₹363.79 Cr |
| Changes in Inventories | -₹10.67 Cr | ₹9.94 Cr | -₹22.25 Cr | ₹2.33 Cr | ₹5.81 Cr | ₹6.77 Cr | -₹1.2 Cr |
| Employee Benefit Expense | ₹18.46 Cr | ₹17.42 Cr | ₹16.87 Cr | ₹15.23 Cr | ₹14.15 Cr | ₹13.08 Cr | ₹18.71 Cr |
| Finance Costs | ₹33.41 Cr | ₹31.07 Cr | ₹28.06 Cr | ₹22.49 Cr | ₹18.63 Cr | ₹19.33 Cr | ₹21.37 Cr |
| Depreciation & Amortisation | ₹16.2 Cr | ₹15.21 Cr | ₹11.94 Cr | ₹11.84 Cr | ₹12.21 Cr | ₹12.85 Cr | ₹11.88 Cr |
| Other Expenses | ₹122.49 Cr | ₹114.25 Cr | ₹135.11 Cr | ₹142.87 Cr | ₹138.18 Cr | ₹13.97 Cr | ₹14.21 Cr |
| Total Expenses | ₹1,051.08 Cr | ₹931.07 Cr | ₹1,016.52 Cr | ₹1,128.1 Cr | ₹1,013.88 Cr | ₹660.04 Cr | ₹740.78 Cr |
| Profit Before Exceptional Items & Tax | ₹22.3 Cr | ₹23.7 Cr | ₹17.18 Cr | ₹18.12 Cr | ₹23.67 Cr | ₹12.64 Cr | ₹20.11 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹22.3 Cr | ₹23.7 Cr | ₹17.18 Cr | ₹18.12 Cr | ₹23.67 Cr | ₹12.64 Cr | ₹20.11 Cr |
| Total Tax Expense | ₹5.95 Cr | ₹6.14 Cr | ₹4.16 Cr | ₹4.45 Cr | ₹6.52 Cr | ₹3.36 Cr | ₹5.42 Cr |
| Net Profit | ₹16.35 Cr | ₹17.56 Cr | ₹13.02 Cr | ₹13.67 Cr | ₹17.15 Cr | ₹9.28 Cr | ₹14.7 Cr |
| attributable to Owners | - | - | - | - | ₹0 | ₹0 | ₹0 |
| attributable to NCI | - | - | - | - | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | ₹15.15 Lakh | ₹59.92 Lakh | ₹38.07 Lakh | -₹3.02 Lakh | ₹15.7 Lakh | ₹4.75 Lakh | ₹1.56 Lakh |
| Total Comprehensive Income | ₹16.5 Cr | ₹18.16 Cr | ₹13.4 Cr | ₹13.64 Cr | ₹17.31 Cr | ₹9.33 Cr | ₹14.71 Cr |
| EBITDA (computed) | ₹71.91 Cr | ₹69.99 Cr | ₹57.18 Cr | ₹52.45 Cr | ₹54.51 Cr | ₹44.82 Cr | ₹53.36 Cr |
| Basic EPS | ₹5.52 | ₹5.93 | ₹4.40 | ₹4.62 | ₹5.85 | ₹3.14 | ₹9.94 |
| Diluted EPS | ₹5.52 | ₹5.93 | ₹4.40 | ₹4.62 | ₹5.85 | ₹3.14 | ₹9.94 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹622.31 Cr | ₹587.41 Cr | ₹532.85 Cr | ₹475.29 Cr |
| Non-current Assets | ₹186.82 Cr | ₹196.7 Cr | ₹187.63 Cr | ₹168.85 Cr |
| Current Assets | ₹435.49 Cr | ₹390.71 Cr | ₹345.23 Cr | ₹306.44 Cr |
| Property, Plant & Equipment | ₹161.95 Cr | ₹146.01 Cr | ₹144.32 Cr | ₹103.65 Cr |
| Inventories | ₹167.7 Cr | ₹146.16 Cr | ₹132.52 Cr | ₹108.77 Cr |
| Trade Receivables | ₹182.55 Cr | ₹150.7 Cr | ₹142.87 Cr | ₹139.79 Cr |
| Cash & Equivalents | ₹2.77 Cr | ₹8.06 Cr | ₹1.29 Cr | ₹2.33 Cr |
| Equity (Net Worth) | ₹214.82 Cr | ₹198.32 Cr | ₹180.15 Cr | ₹166.75 Cr |
| Equity Share Capital | ₹29.6 Cr | ₹29.6 Cr | ₹29.6 Cr | ₹29.6 Cr |
| Borrowings (Non-current) | ₹40.46 Cr | ₹93.86 Cr | ₹92.19 Cr | ₹90.94 Cr |
| Borrowings (Current) | ₹219.36 Cr | ₹156.55 Cr | ₹146.8 Cr | ₹100.3 Cr |
| Total Debt (computed) | ₹259.82 Cr | ₹250.41 Cr | ₹238.98 Cr | ₹191.24 Cr |
| Current Liabilities | ₹356.04 Cr | ₹284.9 Cr | ₹251.56 Cr | ₹208.99 Cr |
| Total Liabilities | ₹407.5 Cr | ₹389.09 Cr | ₹352.7 Cr | ₹308.54 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹15.89 Cr | ₹57.48 Cr | ₹21.36 Cr | ₹38.39 Cr | ₹8.77 Cr |
| Investing Cash Flow | -₹7.19 Cr | -₹17.54 Cr | -₹28.93 Cr | -₹30.42 Cr | -₹34.92 Cr |
| Financing Cash Flow | -₹24.02 Cr | -₹18.74 Cr | ₹13.36 Cr | -₹7.91 Cr | ₹15.4 Cr |
| Capital Expenditure | ₹32.44 Cr | ₹16.78 Cr | ₹32.12 Cr | ₹35.42 Cr | ₹22.38 Cr |
| Free Cash Flow (computed) | -₹16.55 Cr | ₹40.71 Cr | -₹10.76 Cr | ₹2.97 Cr | -₹13.6 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹1.48 Cr | ₹1.48 Cr |
| Net Change in Cash | -₹15.32 Cr | ₹21.2 Cr | ₹5.79 Cr | ₹6.16 Lakh | -₹10.74 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹283.5 Cr | ₹261.5 Cr | ₹265.19 Cr | ₹256.31 Cr | ₹249.11 Cr | ₹230.03 Cr | ₹224.8 Cr | ₹245.3 Cr | ₹255.92 Cr | ₹271.1 Cr | ₹234.43 Cr | ₹267.54 Cr |
| Other Income | ₹2.22 Cr | ₹68.8 Lakh | ₹2.69 Cr | ₹1.29 Cr | ₹2.74 Cr | ₹2.84 Lakh | ₹1.77 Cr | ₹99.38 Lakh | ₹1.88 Cr | ₹1.72 Cr | ₹48.59 Lakh | ₹61.81 Lakh |
| Total Income | ₹285.72 Cr | ₹262.19 Cr | ₹267.88 Cr | ₹257.6 Cr | ₹251.85 Cr | ₹230.06 Cr | ₹226.57 Cr | ₹246.3 Cr | ₹257.81 Cr | ₹272.82 Cr | ₹234.91 Cr | ₹268.16 Cr |
| Cost of Materials Consumed | ₹38.71 Cr | ₹38.02 Cr | ₹62.52 Cr | ₹52.54 Cr | ₹36.67 Cr | ₹47.19 Cr | ₹55.29 Cr | ₹49.49 Cr | ₹35.9 Cr | ₹38.32 Cr | ₹49.34 Cr | ₹51.73 Cr |
| Purchases of Stock-in-Trade | ₹200.8 Cr | ₹169.6 Cr | ₹153.27 Cr | ₹155.73 Cr | ₹168.38 Cr | ₹134.7 Cr | ₹107.59 Cr | ₹143.87 Cr | ₹182.63 Cr | ₹180.92 Cr | ₹137.3 Cr | ₹170.65 Cr |
| Changes in Inventories | ₹37.79 Lakh | -₹9.45 Cr | ₹21.31 Lakh | -₹1.81 Cr | -₹5.64 Cr | -₹3.6 Cr | ₹13.65 Cr | ₹5.54 Cr | -₹16.76 Cr | -₹3.43 Cr | -₹2.75 Cr | ₹68.71 Lakh |
| Employee Benefit Expense | ₹4.66 Cr | ₹5.16 Cr | ₹4.43 Cr | ₹4.2 Cr | ₹5.09 Cr | ₹4.27 Cr | ₹4.14 Cr | ₹3.92 Cr | ₹5.07 Cr | ₹4.02 Cr | ₹4.04 Cr | ₹3.74 Cr |
| Finance Costs | ₹9.07 Cr | ₹7.91 Cr | ₹8.19 Cr | ₹8.24 Cr | ₹8.24 Cr | ₹7.78 Cr | ₹7.55 Cr | ₹7.51 Cr | ₹8.3 Cr | ₹6.93 Cr | ₹6.24 Cr | ₹6.59 Cr |
| Depreciation & Amortisation | ₹4.28 Cr | ₹4.29 Cr | ₹3.94 Cr | ₹3.69 Cr | ₹4.09 Cr | ₹3.87 Cr | ₹3.72 Cr | ₹3.53 Cr | ₹3.47 Cr | ₹2.93 Cr | ₹2.78 Cr | ₹2.76 Cr |
| Other Expenses | ₹23.53 Cr | ₹40.8 Cr | ₹29.45 Cr | ₹28.71 Cr | ₹27.72 Cr | ₹29.76 Cr | ₹28.35 Cr | ₹28.42 Cr | ₹36.05 Cr | ₹38.91 Cr | ₹32.87 Cr | ₹27.28 Cr |
| Total Expenses | ₹281.42 Cr | ₹256.34 Cr | ₹262.02 Cr | ₹251.3 Cr | ₹244.54 Cr | ₹223.97 Cr | ₹220.29 Cr | ₹242.27 Cr | ₹254.66 Cr | ₹268.6 Cr | ₹229.82 Cr | ₹263.44 Cr |
| Profit Before Exceptional Items & Tax | ₹4.29 Cr | ₹5.85 Cr | ₹5.86 Cr | ₹6.3 Cr | ₹7.31 Cr | ₹6.09 Cr | ₹6.28 Cr | ₹4.02 Cr | ₹3.15 Cr | ₹4.22 Cr | ₹5.09 Cr | ₹4.72 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹4.29 Cr | ₹5.85 Cr | ₹5.86 Cr | ₹6.3 Cr | ₹7.31 Cr | ₹6.09 Cr | ₹6.28 Cr | ₹4.02 Cr | ₹3.15 Cr | ₹4.22 Cr | ₹5.09 Cr | ₹4.72 Cr |
| Total Tax Expense | ₹41.38 Lakh | ₹1.67 Cr | ₹1.95 Cr | ₹1.92 Cr | ₹1.05 Cr | ₹3.08 Cr | ₹1.75 Cr | ₹25.28 Lakh | -₹26.27 Lakh | ₹1.47 Cr | ₹1.27 Cr | ₹1.67 Cr |
| Net Profit | ₹3.88 Cr | ₹4.18 Cr | ₹3.91 Cr | ₹4.38 Cr | ₹6.26 Cr | ₹3.01 Cr | ₹4.53 Cr | ₹3.77 Cr | ₹3.41 Cr | ₹2.74 Cr | ₹3.82 Cr | ₹3.05 Cr |
| Other Comprehensive Income | -₹8,000 | -₹4.99 Lakh | -₹6.2 Lakh | ₹26.42 Lakh | -₹44.72 Lakh | ₹48.18 Lakh | ₹18.25 Lakh | ₹38.21 Lakh | ₹26.9 Lakh | -₹52,000 | ₹17.81 Lakh | -₹6.1 Lakh |
| Total Comprehensive Income | ₹3.88 Cr | ₹4.13 Cr | ₹3.85 Cr | ₹4.65 Cr | ₹5.81 Cr | ₹3.49 Cr | ₹4.71 Cr | ₹4.15 Cr | ₹3.68 Cr | ₹2.74 Cr | ₹4 Cr | ₹2.99 Cr |
| EBITDA (computed) | ₹17.64 Cr | ₹18.05 Cr | ₹17.99 Cr | ₹18.23 Cr | ₹19.63 Cr | ₹17.74 Cr | ₹17.55 Cr | ₹15.07 Cr | ₹14.92 Cr | ₹14.08 Cr | ₹14.11 Cr | ₹14.07 Cr |
| Basic EPS | ₹1.31 | ₹1.41 | ₹1.32 | ₹1.48 | ₹2.11 | ₹1.02 | ₹1.53 | ₹1.27 | ₹1.15 | ₹1.28 | ₹1.28 | ₹1.04 |
| Diluted EPS | ₹1.31 | ₹1.41 | ₹1.32 | ₹1.48 | ₹2.11 | ₹1.02 | ₹1.53 | ₹1.27 | ₹1.15 | ₹1.28 | ₹1.28 | ₹1.04 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Trading Segment | ₹178.1 Cr | ₹5.9 Cr | ₹207.91 Cr | ₹166.96 Cr |
| Transportation & Port Service | ₹30.59 Cr | -₹11.66 Lakh | ₹45.41 Cr | ₹28.82 Cr |
| Manufacturing Kraft Paper | ₹79.87 Cr | ₹7.37 Cr | ₹295.9 Cr | ₹104.54 Cr |
| Unallocated (expenses) / income (net) | ₹0 | ₹20.79 Lakh | ₹0 | ₹0 |
| Inter Segment | ₹0 | ₹0 | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Trading Segment | ₹682.81 Cr | ₹20.01 Cr | - | - |
| Transportation & Port Service | ₹119.05 Cr | ₹2.38 Cr | - | - |
| Manufacturing Kraft Paper | ₹296.11 Cr | ₹32.8 Cr | - | - |
| Unallocated (expenses) / income (net) | ₹0 | ₹51.84 Lakh | - | - |
| Inter Segment | ₹0 | ₹0 | - | - |
Shareholding Pattern of Maheshwari Logistics Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 57.15%, retail and other public shareholders hold 40.98% of Maheshwari Logistics Limited. The company had 11,836 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 57.15% | 56.58% | 56.58% | 57.14% | 57.14% | 57.11% |
| Public | 40.98% | 41.63% | 41.63% | 41.63% | 41.63% | 41.66% |
| Employee Trusts | 1.87% | 1.79% | 1.79% | 1.23% | 1.23% | 1.23% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 57.15% | 57.14% | 57.13% | 57.40% | 57.40% | 57.40% | 57.21% | 58.74% | 58.41% | 58.19% |
| Public | 40.98% | 41.63% | 41.63% | 41.37% | 41.54% | 42.60% | 42.79% | 41.26% | 41.59% | 41.81% |
| Employee Trusts | 1.87% | 1.23% | 1.23% | 1.23% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Promoter change (YoY, %pts) | +0.01 | +0.01 | -0.27 | +0.00 | +0.00 | +0.19 | -1.53 | +0.33 | +0.22 | - |
Board & Governance of Maheshwari Logistics Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Maheshwari Logistics Limited has 9 directors - 4 independent and 3 executive. The board is chaired by Neeraj Maheshwari.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Neeraj Maheshwari | Executive Director · MD · Chairperson | 2024-07-31 | 1 |
| Vinay Premnarayan Maheshwari | Executive Director | 2024-07-31 | 1 |
| Amit Kailashnarayan Maheshwari | Executive Director | 2024-07-31 | 1 |
| Palash Maheshwari | Non-Executive - Non Independent Director | 2026-02-15 | 1 |
| Mukesh Agrawal | Non-Executive - Independent Director | 2018-05-30 | 1 |
| Ramnaresh Ramkalyan Kabra | Non-Executive - Independent Director | 2019-04-05 | 1 |
| Punam Pushp Kumar Dhoot | Non-Executive - Independent Director | 2021-06-23 | 1 |
| Viraj Bipinkumar Shah | Non-Executive - Independent Director | 2024-07-31 | 1 |
| Shubham Vinay Maheshwari | Non-Executive - Non Independent Director | 2023-07-13 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Ramnaresh Ramkalyan Kabra (Chairperson), Punam Pushp Kumar Dhoot, Viraj Bipinkumar Shah, Vinay Premnarayan Maheshwari |
| Nomination and remuneration committee | Ramnaresh Ramkalyan Kabra (Chairperson), Punam Pushp Kumar Dhoot, Palash Maheshwari, Shubham Vinay Maheshwari |
| Stakeholders Relationship Committee | Ramnaresh Ramkalyan Kabra (Chairperson), Mukesh Agrawal, Vinay Premnarayan Maheshwari |
| Corporate Social Responsibility Committee | Ramnaresh Ramkalyan Kabra (Chairperson), Punam Pushp Kumar Dhoot, Vinay Premnarayan Maheshwari |
Group Structure of Maheshwari Logistics Limited
Maheshwari Logistics Limited has 2 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Maheshwari Logistics Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Vidhik Prints Private Limited | U21099GJ2022PTC135408 | - |
| Maheshwari Motor Service Private Limited | U50400GJ2023PTC138525 | - |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Maheshwari Logistics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Apr 2026 | Hdfc Bank Limited | ₹14.12 Lakh | Open |
| 07 Nov 2025 | Axis Bank Limited | ₹59.5 Lakh | Open |
| 24 Oct 2025 | Axis Bank Limited | ₹7.06 Cr | Open |
| 02 Aug 2025 | Hdfc Bank Limited | ₹9.59 Lakh | Open |
| 18 Jul 2025 | Axis Bank Limited | ₹25 Lakh | Open |
Total charge records: 97 View all charges
Employees and EPFO Compliance at Maheshwari Logistics Limited
Maheshwari Logistics Limited has a workforce of 356 employees as of Apr 07, 2024.
Employee and EPFO history for Maheshwari Logistics Limited
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GST Compliance of Maheshwari Logistics Limited
GST registrations and filing compliance for Maheshwari Logistics Limited
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Credit Ratings, Litigation & Regulatory Alerts for Maheshwari Logistics Limited
Credit ratings, litigation, and regulatory alerts for Maheshwari Logistics Limited
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MSME Payment Delays by Maheshwari Logistics Limited
MSME payment history for Maheshwari Logistics Limited
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Subsidiaries & Group Companies of Maheshwari Logistics Limited
Corporate group structure for Maheshwari Logistics Limited
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MCA Filings & Documents of Maheshwari Logistics Limited
MCA filings and documents for Maheshwari Logistics Limited
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Recent Activity on Maheshwari Logistics Limited
Recent News on Maheshwari Logistics Limited
Frequently Asked Questions about Maheshwari Logistics Limited
Maheshwari Logistics Limited is an active public limited company in the manufacturing sector based in Vapi, Gujarat, India. It was incorporated on 12 October 2006 (20+ years old) and is registered under CIN L60232GJ2006PLC049224. Listed on NSE: MAHESHWARI. The company has 356 employees.
Maheshwari Logistics Limited reported revenue of ₹1,110.01 Cr for FY 2026 (up 14.06% YoY) based on consolidated NSE filings.
The current directors of Maheshwari Logistics Limited are:
- Vinay Premnarayan Maheshwari - Whole-Time Director
- Amit Kailashnarayan Maheshwari - Whole-Time Director
- Ramnaresh Ramkalyan Kabra - Director
- Mukesh Agrawal - Director
- Punam Pushpkumar Dhoot - Director
- Neeraj Maheshwari - Managing Director
- Viraj Bipinkumar Shah - Director
- Palash Maheshwari - Director
The primary industry of Maheshwari Logistics Limited is manufacturing. The company specifically operates in paper and packaging products. The company is currently active in this sector.
Yes. Maheshwari Logistics Limited is listed on NSE with symbol MAHESHWARI.
Maheshwari Logistics Limited can be reached at the registered office: Mll House Shed No. A2 – 32 Opp. Upl 1St Phase Gidc, Vapi, Gujarat, India – 396195, or through the website mlpl.biz.