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    Maheshwari Logistics Limited

    Gujarat-based diversified group operating logistics/transportation, non-coking coal & petcoke trading, and kraft paper manufacturing from waste paper, with a newly added Mahindra Truck & Bus dealership.

    Diversified
    Diversified

    Overview

    Price

    Market Cap

    ₹216 Cr

    Sector

    Diversified

    Diversified

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1530303030303030
    Reserves115109125137151169178186
    Borrowings147141177207248269304276
    Other Liabilities848897106118145139157
    Total Liabilities361368429479547613650648
    AssetsFixed Assets117109110107149162185187
    CWIP151537283010
    Investments00044222
    Other Assets242254304332366420462460
    Total Assets361368429479547613650648

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating633147113865724
    Cash from Investing-49-20-6-37-31-43-26-10
    Cash from Financing-10-13-2815-723-11-28
    SummaryCapital Expenditure
    Free Cash Flow141241-277-382612
    FCF Margin

    Valuation

    Assumptions

    Current — MAHESHWARI
    Price
    ₹73
    EPS (TTM)
    ₹5.69
    PE (TTM)
    12.9
    Profit growth
    11.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (13.1×) and current (12.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹73
    vs
    Fair value · 15% return
    ₹56
    24%Overvalued

    At 11.6% growth and a 13× exit, ₹73 only delivers your return if you pay ₹56. The price is currently baking in 17% growth.

    EPS grows 11.6%/yr for 5 years, then fades to 6% over 2, exits at 13×.

    YearGrowthEPS (₹)
    FY2711.6%6.35
    FY2811.6%7.09
    FY2911.6%7.91
    FY3011.6%8.83
    FY3111.6%9.85
    FY328.8% ·fade10.72
    FY336.0% ·fade11.36

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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