Inve India ▾

Mahindra Logistics share price & results

Mahindra Logistics Limited· Services

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

PAN-India 3PL running contract logistics, B2B express, last-mile delivery, freight forwarding and mobility.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue2,095 ₹ crore+24.3% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin6.0 %+1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit29.0 ₹ crore—Quarterly, as filedQuarter to Sept 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity6.31 %+9.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin1.69 %−1.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)20.28 %+3.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 6 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.

Mahindra Logistics Limited management guidance track record on Inve: 10 targets tracked across analysed earnings calls (3 achieved, 3 missed, 4 open).

TargetOriginal wordingSaidLatest callVerdict
Long-term Return on Equity (ROE)Achieve an 18%-ish ROE in the long term.
Call transcript, Q4 FY25 · 24 Apr 2025		Q4 FY25Q1 FY27:The long-term ROE ambition was not mentioned again.
Call transcript, Q1 FY27 · 21 Jul 2026		Ghosted
White Space Cost ReductionReduce white space cost by about 95% by September 2026.
Call transcript, Q2 FY26 · 28 Oct 2025		Q2 FY26Q1 FY27:Management confirmed they are 'firmly on track' to achieve the 95% reduction from the 1.6M sq ft baseline by the September '26 deadline.
Call transcript, Q1 FY27 · 21 Jul 2026		On Track
Express Business EBITDA BreakevenAchieve EBITDA breakeven by end of Q2 FY26 by adding 6,000-7,000 tons/month.
Call transcript, Q4 FY25 · 24 Apr 2025		Q4 FY25Q4 FY26:Achieved EBITDA profit of ₹2.2 crores. The goal was met, but the original Q2 FY26 timeline was missed by two quarters.
Call transcript, Q4 FY26 · 24 Apr 2026		Achieved*

Source: Inve Guidance Tracker for Mahindra Logistics Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Mahindra Logistics Limited's 10 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹434.2 +11.29% · +₹44.05

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +21.9% 1Y

₹300₹350₹400₹450Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 28 Oct 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 21 Jul 2026

1Y: ₹356.3 on 24 Oct 2025 → ₹434.2. High ₹442.7 (23 Apr 2026), low ₹279.55 (20 Jan 2026).

Previous close
₹390.15
Market cap
₹3.9k Cr
52-week range
₹279.55 – ₹442.7
One year
+22.67%
Price to earnings (TTM to Sept 2026)
50.96×
Return on equity (TTM to Sept 2026)
6.31%

Overview

Symbol
NSE:MAHLOG
Sector
Services
Exchange
NSE
Currency
INR

What Mahindra Logistics Limited does

Based on the company's own presentations, annual report and earnings calls.

Mahindra Logistics is a Mumbai-headquartered third-party logistics (3PL) provider that manages outsourced supply-chain and transport operations across five business lines: Contract Logistics (integrated warehousing and distribution, in-factory logistics, milk-run and JIT/JIS transport for manufacturers), Express (tech-led B2B parcel/PTL network operated under the Rivigo brand via subsidiary MESPL), Last Mile Delivery (intra-city fulfilment for e-commerce and quick-commerce), Freight Forwarding (ocean and air freight with customs clearance on international trade lanes), and Mobility (managed vehicle fleets for enterprise and consumer transport). It earns fee-based income by running warehouses, processing centres, line-haul trucking and delivery fleets on behalf of roughly 100 large enterprise customers, with Mahindra & Mahindra group companies among its largest clients.

Segments

  • Contract Logistics (SCM)
  • Express
  • Last Mile Delivery
  • Freight Forwarding
  • Mobility
Warehousing space managed
~19 Mn sq ft (incl. 4+ Mn sq ft sustainable/green warehousing)
Fleet deployed
7,000+ vehicles, including 1,500+ EVs
Operating locations
~600 across India
Processing centres
220+
Pin codes served (Express network)
19,000+ (direct + ODA)
Enterprise customers served
~100
Headquarters Mumbai, Maharashtra Company website

How the price took the results

close before → close after

Q1 FY27
−0.5%
21 Jul
Q4 FY26
−8.3%
24 Apr
Q3 FY26
+14.9%
28 Jan
Q2 FY26
−2.3%
28 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Mahindra Logistics Limited

Free account: one company. Everything above stays public.

Write why you follow Mahindra Logistics Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Services companies

All Services companies → · Services earnings growth →

Learn to analyse Mahindra Logistics Limited

Guides on how to read this kind of business and the numbers that matter.