Maheshwari Logistics Ltd.

•

mlpl.bizBSE: -NSE: MAHESHWARI

Market Cap₹ 213 Cr.

Current Price

High / Low₹ 77 / 39

Stock P/E13.5

Book Value₹ 74

Price to Book0.83

Dividend Yield0.00 %

ROCE12.9 %

ROE9.7 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Trading Segment: 56.0% • Paper: 31.6% • Transportation & Service Segment: 12.4%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.22x)
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 1.7x

CONS

Recent results are weak - TTM profit is down 36.1% versus prior year
Company has a low return on equity of 8.7% over last 3 years
Interest coverage is weak at 1.8x - earnings barely cover interest
Company has delivered a poor profit growth of 4.6% over past five years
Company has delivered a poor sales growth of 5.0% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	505.80	31.02	38522.64	1.70	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	451.00	361.29	33793.18	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	255.05	133.96	14964.56	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	585.40	63.17	10664.07	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	856.45	14.41	6580.20	1.17	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	128.95	87.86	5689.58	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.87	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	399.70	103.12	3968.12	0.63	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	23.81	47.44	3671.33	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.58	10.96	2677.09	6.07	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	535.25	24.95	2057.72	1.31	20.49	5.24	313.40	9.29	13.92	10.03
12.	MAHESHWARI	71.87	13.50	212.72	0.00	3.30	-23.91	249.00	-7.14	12.86	6.67

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	271	240	277	261	250	229	235	259	268	275	273	294	249
	258	225	264	247	236	213	216	240	250	258	255	276	245
Operating Profit	14	14	13	13	14	16	20	19	18	17	18	18	4
OPM %	5.02%	6.00%	4.66%	5.12%	5.76%	6.94%	8.31%	7.25%	6.63%	6.04%	6.55%	6.19%	1.56%
	1	1	2	1	1	2	-0	3	1	2	1	1	1
Interest	7	6	7	8	8	8	9	8	9	9	8	9	8
Depreciation	3	3	3	3	4	4	4	4	4	4	5	4	4
Profit before Tax	5	6	5	3	4	6	6	10	6	6	6	6	5
Tax %	35.45%	27.94%	34.53%	-19.85%	6.46%	30.59%	54.69%	14.54%	30.67%	32.54%	38.42%	8.52%	32.22%
Net Profit	0	0	0	0	4	4	3	8	4	4	4	5	3
	1.03	1.33	0.99	1.11	1.25	1.34	0.91	2.63	1.47	1.34	1.29	1.59	1.11

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	870	1,037	760	676	1,035	1,147	1,047	972	1,091
	835	991	709	633	983	1,097	993	904	1,034
Operating Profit	35	46	51	44	52	50	54	69	57
OPM %	4.05%	4.46%	6.76%	6.45%	5.02%	4.37%	5.18%	7.07%	5.18%
	3	3	2	2	3	2	4	5	6
Interest	13	18	22	20	19	23	28	33	35
Depreciation	7	8	12	13	12	12	12	16	18
Profit before Tax	18	23	20	13	24	18	18	25	22
Tax %	34.90%	35.08%	27.09%	27.70%	27.82%	26.05%	24.53%	26.25%	27.77%
Net Profit	12	15	15	9	17	13	14	18	16
EPS	0.00	0.00	0.00	3.14	5.79	4.56	4.65	6.22	—
Dividend Payout %	12.71%	11.78%	0.00%	15.93%	8.63%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 5%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 5%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -7%
3 Years:: 1%
1 Year:: 13%

RETURN ON EQUITY

10 Years:: —
5 Years:: 9%
3 Years:: 9%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	15	15	15	30	30	30	30	30
Minority Interest	0	0	0	0	-0	0	1	2
	88	102	115	109	125	137	151	169
	121	122	132	124	150	179	212	235
Trade Payables	85	88	66	68	77	81	88	111
	37	46	34	36	48	52	65	66
Total Liabilities	347	373	361	368	429	479	547	613
	64	73	117	109	110	107	149	162
Capital Work in Progress	5	38	1	3	13	36	27	30
	0	0	0	0	0	4	4	2
	59	48	63	80	89	111	135	152
	0	0	0	0	0	0	146	155
Cash & Bank	13	16	15	27	16	16	2	23
	206	198	165	148	200	205	84	91
Total Assets	347	373	361	368	429	479	547	613

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	69	35	50	18	42	6	57
Cash from Investing	-49	-20	-6	-37	-31	-43	-26
Cash from Financing	-10	-13	-28	15	-7	23	-11
	3	-2	13	-11	0	-14	21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.11	57.11	57.11	57.14	57.14	56.58	56.58	57.15	57.32
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	42.89	42.89	42.89	42.86	42.86	43.42	43.42	42.85	42.68

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Maheshwari Logistics Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Shareholders meeting

2026-09-02 - Maheshwari Logistics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Maheshwari Logistics Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Maheshwari Logistics Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Record Date

2026-08-27 - Maheshwari Logistics Limited has informed the Exchange that Record date for the purpose of E-Voting is 22-Sep-2026.

2026-08-27

Outcome of Board Meeting

2026-08-27 - Maheshwari Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on August 27, 2026.

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Maheshwari Logistics Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Maheshwari Logistics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-20

Reply to Clarification- Financial results

2026-07-20 - The Exchange had sought clarification from Maheshwari Logistics Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

News

Recent coverage and analyst commentary for MAHESHWARI

Loading news…

🤖

AI Stock Analyst

Maheshwari Logistics Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

CONCOR

505.80

31.02

38522.64

1.70

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

451.00

361.29

33793.18

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

255.05

133.96

14964.56

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

585.40

63.17

10664.07

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

856.45

14.41

6580.20

1.17

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

128.95

87.86

5689.58

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.87

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

399.70

103.12

3968.12

0.63

27.83

394.81

2002.88

23.29

10.40

5.76

SINDHUTRAD

23.81

47.44

3671.33

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.58

10.96

2677.09

6.07

512.68

724.44

5492.97

897.94

17.99

21.31

TCIEXP

535.25

24.95

2057.72

1.31

20.49

5.24

313.40

9.29

13.92

10.03

MAHESHWARI

71.87

13.50

212.72

0.00

3.30

-23.91

249.00

-7.14

12.86

6.67

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

271

240

277

261

250

229

235

259

268

275

273

294

249

258

225

264

247

236

213

216

240

250

258

255

276

245

Operating Profit

OPM %

5.02%

6.00%

4.66%

5.12%

5.76%

6.94%

8.31%

7.25%

6.63%

6.04%

6.55%

6.19%

1.56%

-0

Interest

Depreciation

Profit before Tax

Tax %

35.45%

27.94%

34.53%

-19.85%

6.46%

30.59%

54.69%

14.54%

30.67%

32.54%

38.42%

8.52%

32.22%

Net Profit

1.03

1.33

0.99

1.11

1.25

1.34

0.91

2.63

1.47

1.34

1.29

1.59

1.11

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

870

1,037

760

676

1,035

1,147

1,047

972

1,091

835

991

709

633

983

1,097

993

904

1,034

Operating Profit

OPM %

4.05%

4.46%

6.76%

6.45%

5.02%

4.37%

5.18%

7.07%

5.18%

Interest

Depreciation

Profit before Tax

Tax %

34.90%

35.08%

27.09%

27.70%

27.82%

26.05%

24.53%

26.25%

27.77%

Net Profit

EPS

0.00

3.14

5.79

4.56

4.65

6.22

—

Dividend Payout %

12.71%

11.78%

0.00%

15.93%

8.63%

0.00%

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

-0

102

115

109

125

137

151

169

121

122

132

124

150

179

212

235

Trade Payables

111

Total Liabilities

347

373

361

368

429

479

547

613

117

109

110

107

149

162

Capital Work in Progress

111

135

152

146

155

Cash & Bank

206

198

165

148

200

205

Total Assets

347

373

361

368

429

479

547

613

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-49

-20

-6

-37

-31

-43

-26

Cash from Financing

-10

-13

-28

-7

-11

-2

-11

-14

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

57.11

57.14

56.58

57.15

57.32

FIIs

0.00

DIIs

0.00

Government

0.00

42.89

42.86

43.42

42.85

42.68

Maheshwari Logistics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Maheshwari Logistics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI