About Mahindra Logistics Limited
Data last updated: 26 September 2026
Mahindra Logistics Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra And Mahindra Limited. It specialises in 3pl (third party logistics) services, a part of the broader transport and logistics sector. Incorporated on 24 August 2007, the company has been in operation for over 19 years.
Registered with ROC Mumbai under CIN L63000MH2007PLC173466. Listed on BSE: 540768 and NSE: MAHLOG.
Capital: an authorised share capital of ₹200 Cr and a paid-up capital of ₹99.22 Cr. It is led by directors including Malvika Sahni Sinha and Naveen Raju Kollaickal.
Last AGM: 21 July 2025. Financial statements filed for year ended 31 March 2025. Office: Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,999.3 Cr, a growth of 14.65% compared to the previous year. The net worth stands at ₹1,174.78 Cr (up 168.29% YoY). Total assets are valued at ₹1,872.88 Cr (up 37.96% YoY).
The company has a workforce of approximately 4,005 employees as per the latest available data. It operates as a subsidiary of Mahindra And Mahindra Limited. Its group structure includes 7 subsidiaries.
The company is associated with 6 brands, including Rivigo, Mahindra, Meru, Lords, Whizzard among others. As per MCA filings, the company has satisfied charges of ₹95 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 mahindralogistics.com.
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Registered AddressMahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
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IndustryTransport and Logistics, 3PL (Third Party Logistics) Services
- 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 Mahindra Logistics Limited
Mahindra Logistics Limited has one previous CIN (Corporate Identification Number): U63000MH2007PLC173466. The current CIN is L63000MH2007PLC173466, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63000MH2007PLC173466 | Current |
| U63000MH2007PLC173466 | Previous |
Associated Brands with Mahindra Logistics Limited
Mahindra Logistics Limited operates multiple associated brands including Rivigo, Mahindra, and Meru. These brands represent Mahindra Logistics Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Online platform offering B2B logistics and trucking services | rivigo.com | |
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com | |
| Ride-hailing services are facilitated via an app-based platform. | meru.in | |
| Air and sea freight forwarding services are provided by LORDS. | lordslogistics.com | |
| Last-mile delivery services for e-commerce are provided intracity. | whizzard.in | |
| Integrated supply chain and mobility solutions are provided globally. | mahindralogistics.com |
Competitors & Alternatives of Mahindra Logistics Limited
Brands and companies operating in the same space as Mahindra Logistics Limited include Uber, Delhivery, Shadowfax and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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An online platform providing ride-hailing and food delivery services | San Francisco, United States, United States | 2009 |
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Integrated logistics services including parcel delivery and warehousing are provided. | Gurugram, India, India | 2011 |
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Express delivery logistics solutions are provided for businesses and individuals. | Bengaluru, India, India | 2015 |
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App-based intercity ride-hailing aggregator | Bengaluru, India, India | 2006 |
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End-to-end logistics delivery and courier solutions are provided. | Pune, India, India | 2015 |
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Provider of end-to-end logistics delivery services | Bengaluru, India, India | 2017 |
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Car rental aggregator | Bengaluru, India, India | 2011 |
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Three-wheeler rides are booked via an app-based platform. | Bengaluru, India, India | 2022 |
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Online platform offering wholesale and business-focused e-commerce solutions | Gurugram, India, India | 2014 |
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Cars, trucks, buses, and electric vehicles are manufactured. | Mumbai, India, India | 1868 |
Business Activity of Mahindra Logistics Limited
Mahindra Logistics Limited is engaged in the principal business activity of transport and storage, with detailed activities including land transport via road, warehousing and storage. The company has 2 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 |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | Locked |
| H | Transport and storage | H6 | Warehousing and storage | Locked |
Business activity turnover details for Mahindra 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 Mahindra Logistics Limited
Mahindra Logistics Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history for Mahindra Logistics Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mahindra Logistics Limited
Mahindra Logistics Limited is currently managed by 8 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Mahindra Logistics Limited FY 2025-26 filings available
Mahindra Logistics Limited reported revenue of ₹6,999.3 Cr (up 14.65% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · 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 | +13.9% | +10.3% | +8.4% | +23.1% | +26.3% | -5.5% | -10.5% |
| 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 (₹) | 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 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,003 | 1,791 | 1,898 | 1,685 | 1,625 | 1,570 | 1,594 | 1,521 |
| Revenue growth (YoY) | +23.3% | +14.1% | +19.1% | +10.8% | +14.4% | +8.2% | +14.1% | +11.5% |
| Other income | 9.83 | 3.86 | 5.26 | 2.94 | 5.07 | 2.17 | 6.25 | 1.73 |
| EBITDA | 115 | 112 | 95.39 | 85.04 | 76.21 | 77.70 | 73.66 | 66.38 |
| EBITDA margin | +5.8% | +6.3% | +5.0% | +5.0% | +4.7% | +5.0% | +4.6% | +4.4% |
| Depreciation | 72.31 | 69.89 | 71.69 | 71.72 | 64.57 | 58.39 | 59.01 | 53.96 |
| Interest | 13.83 | 14.30 | 16.52 | 21.67 | 22.53 | 20.55 | 22.05 | 19.12 |
| Profit before tax | 39.06 | 31.95 | 12.44 | (5.41) | (5.82) | 0.93 | (1.15) | (4.97) |
| Tax | 11.23 | 9.59 | 6.43 | 2.95 | 3.62 | 6.24 | 6.11 | 4.64 |
| Net profit | 27.83 | 22.36 | 6.01 | (8.36) | (9.44) | (5.31) | (7.26) | (9.61) |
| EPS (₹) | 2.55 | 2.03 | 0.33 | (1.20) | (1.44) | (0.93) | (1.25) | (1.50) |
| 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 | +12.9% | +11.3% | +1.3% | +21.2% | +21.4% | -8.7% | -11.8% |
| 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 (₹) | 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 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,655 | 1,414 | 1,545 | 1,367 | 1,346 | 1,293 | 1,327 | 1,236 |
| Revenue growth (YoY) | +23.0% | +9.3% | +16.5% | +10.6% | +16.4% | +9.3% | +14.4% | +8.8% |
| Other income | 8.29 | 3.12 | 3.92 | 2.50 | 1.96 | 1.43 | 4.41 | 1.50 |
| Total expenses | 1,550 | 1,315 | 1,457 | 1,285 | 1,267 | 1,213 | 1,250 | 1,167 |
| EBITDA | 105 | 99.08 | 88.21 | 82.16 | 78.73 | 79.70 | 76.92 | 69.07 |
| EBITDA margin | +6.3% | +7.0% | +5.7% | +6.0% | +5.8% | +6.2% | +5.8% | +5.6% |
| Depreciation | 62.55 | 61.14 | 62.47 | 62.75 | 55.99 | 49.99 | 50.91 | 46.76 |
| Interest | 11.58 | 12.02 | 14.30 | 16.79 | 16.02 | 13.68 | 15.05 | 12.20 |
| Profit before tax | 38.78 | 29.04 | 15.36 | 5.12 | 8.68 | 17.46 | 15.37 | 11.61 |
| Tax | 9.78 | 7.66 | 3.96 | 1.33 | 2.24 | 4.34 | 3.75 | 3.07 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,003 | 1,791 | 1,898 | 1,685 | 1,625 | 1,570 | 1,594 | 1,521 |
| Revenue growth (YoY) | +23.3% | +14.1% | +19.1% | +10.8% | +14.4% | +8.2% | +14.1% | +11.5% |
| Other income | 9.83 | 3.86 | 5.26 | 2.94 | 5.07 | 2.17 | 6.25 | 1.73 |
| EBITDA | 115 | 112 | 95.39 | 85.04 | 76.21 | 77.70 | 73.66 | 66.38 |
| EBITDA margin | +5.8% | +6.3% | +5.0% | +5.0% | +4.7% | +5.0% | +4.6% | +4.4% |
| Depreciation | 72.31 | 69.89 | 71.69 | 71.72 | 64.57 | 58.39 | 59.01 | 53.96 |
| Interest | 13.83 | 14.30 | 16.52 | 21.67 | 22.53 | 20.55 | 22.05 | 19.12 |
| Profit before tax | 39.06 | 31.95 | 12.44 | (5.41) | (5.82) | 0.93 | (1.15) | (4.97) |
| Tax | 11.23 | 9.59 | 6.43 | 2.95 | 3.62 | 6.24 | 6.11 | 4.64 |
| Net profit | 27.83 | 22.36 | 6.01 | (8.36) | (9.44) | (5.31) | (7.26) | (9.61) |
| EPS (₹) | 2.55 | 2.03 | 0.33 | (1.20) | (1.44) | (0.93) | (1.25) | (1.50) |
| 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 | +13.9% | +10.3% | +8.4% | +23.1% | +26.3% | -5.5% | -10.5% |
| 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 (₹) | 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% | -9.9% |
| EBITDA growth | +29.9% | +24.0% | -11.8% | +41.0% | +40.2% | -16.9% | +4.7% |
| PBT growth | +9998.0% | +70.9% | - | +31.3% | -32.9% | -51.7% | -39.2% |
| Net income growth | +9998.0% | +28.4% | - | +50.3% | -45.7% | -41.7% | -35.8% |
| 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 (₹) | 0.23 | (4.97) | (7.60) | 3.65 | 2.44 | 4.19 | 7.70 |
| Dividend per share (₹) | 2.50 | 2.50 | 2.50 | 2.50 | 2.00 | 2.50 | 1.50 |
| Book value per share (₹) | 118.40 | 60.71 | 68.36 | 78.02 | 76.03 | 79.25 | 76.13 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,655 | 1,414 | 1,545 | 1,367 | 1,346 | 1,293 | 1,327 | 1,236 |
| Revenue growth (YoY) | +23.0% | +9.3% | +16.5% | +10.6% | +16.4% | +9.3% | +14.4% | +8.8% |
| Other income | 8.29 | 3.12 | 3.92 | 2.50 | 1.96 | 1.43 | 4.41 | 1.50 |
| Total expenses | 1,550 | 1,315 | 1,457 | 1,285 | 1,267 | 1,213 | 1,250 | 1,167 |
| EBITDA | 105 | 99.08 | 88.21 | 82.16 | 78.73 | 79.70 | 76.92 | 69.07 |
| EBITDA margin | +6.3% | +7.0% | +5.7% | +6.0% | +5.8% | +6.2% | +5.8% | +5.6% |
| Depreciation | 62.55 | 61.14 | 62.47 | 62.75 | 55.99 | 49.99 | 50.91 | 46.76 |
| Interest | 11.58 | 12.02 | 14.30 | 16.79 | 16.02 | 13.68 | 15.05 | 12.20 |
| Profit before tax | 38.78 | 29.04 | 15.36 | 5.12 | 8.68 | 17.46 | 15.37 | 11.61 |
| Tax | 9.78 | 7.66 | 3.96 | 1.33 | 2.24 | 4.34 | 3.75 | 3.07 |
| 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 | +12.9% | +11.3% | +1.3% | +21.2% | +21.4% | -8.7% | -11.8% |
| 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 (₹) | 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% | -11.0% |
| EBITDA growth | +17.1% | +1.7% | +5.8% | +53.9% | +53.5% | -20.8% | +7.2% |
| 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% | -34.8% |
| 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 (₹) | 4.34 | 6.03 | 8.60 | 8.96 | 3.40 | 3.35 | 7.71 |
| Dividend per share (₹) | 2.50 | 2.50 | 2.50 | 2.50 | 2.00 | 2.50 | 1.50 |
| Book value per share (₹) | 148.80 | 96.94 | 93.76 | 87.24 | 79.98 | 78.87 | 76.22 |
Shareholding Pattern of Mahindra Logistics Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 59.60%, foreign institutional investors hold 4.10%, domestic institutional investors hold 14.40%, retail and other public shareholders hold 21.90% of Mahindra Logistics Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 59.60% | 59.60% | 59.60% | 59.60% |
| Public | 40.40% | 40.40% | 40.40% | 40.40% |
Group Structure of Mahindra Logistics Limited
Mahindra Logistics Limited has 7 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Mahindra Logistics Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| V-Link Automotive Services Private Limited | U50500MH2010PTC198987 | - |
| V-Link Freight Services Private Limited | U62100MH2022PTC390187 | - |
| 2 X 2 Logistics Private Limited | U63000MH2012PTC237062 | - |
| Lords Freight (India) Private Limited | U63030MH2011PTC216628 | - |
| V-Link Fleet Solutions Private Limited | U63040MH2006PTC165955 | - |
| Mll Express Services Private Limited | U63040MH2006PTC165956 | - |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of Mahindra Logistics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2020 | Others | ₹22 Cr | Satisfied |
| 18 Jan 2011 | The Zoroastrian Co-Operative Bank Limited | ₹8 Cr | Satisfied |
| 01 Jun 2009 | The Dhanalakshmi Bank Ltd | ₹15 Cr | Satisfied |
| 13 Oct 2008 | Hdfc Bank Limited | ₹50 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Mahindra Logistics Limited
Mahindra Logistics Limited has a workforce of 4,005 employees as of Apr 02, 2024.
Employee and EPFO history for Mahindra Logistics Limited
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GST Compliance of Mahindra Logistics Limited
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Credit Ratings, Litigation & Regulatory Alerts for Mahindra Logistics Limited
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MSME Payment Delays by Mahindra Logistics Limited
MSME payment history for Mahindra Logistics Limited
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Subsidiaries & Group Companies of Mahindra Logistics Limited
Corporate group structure for Mahindra Logistics Limited
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MCA Filings & Documents of Mahindra Logistics Limited
MCA filings and documents for Mahindra Logistics Limited
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Recent Activity on Mahindra Logistics Limited
Recent News on Mahindra Logistics Limited
Frequently Asked Questions about Mahindra Logistics Limited
Mahindra Logistics Limited is an active public limited company in the transport and logistics sector based in Mumbai, Maharashtra, India. It was incorporated on 24 August 2007 (19+ years old) and is registered under CIN L63000MH2007PLC173466. Listed on BSE: 540768 and NSE: MAHLOG. The company has 4,005 employees.
Mahindra Logistics Limited reported revenue of ₹6,999.3 Cr for FY 2025-26 (up 14.65% YoY) based on consolidated financials.
The current directors of Mahindra Logistics Limited are:
- Malvika Sahni Sinha - Director
- Naveen Raju Kollaickal - Director
- Anish Dilip Shah - Director
- Darius Dinshaw Pandole - Director
- Ranu Vohra - Director
- Avani Vishal Davda - Director
- Ameet Pratapsinh Hariani - Director
- Hemant Sikka - Managing Director
The primary industry of Mahindra Logistics Limited is transport and logistics. The company specifically operates in 3pl (third party logistics) services. The company is currently active in this sector.
Yes. Mahindra Logistics Limited is listed on both BSE (code: 540768) and NSE (symbol: MAHLOG).
Mahindra Logistics Limited can be reached at the registered office: Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018, or through the website mahindralogistics.com.