Mahindra Logistics Ltd

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NSEBSE

427.85-1.25 (-0.29%)

03:49 PM,5th Mar 2024

428.20-1.90 (-0.44%)

04:01 PM,5th Mar 2024

BSE : 540768

NSE : MAHLOG

Sector : Others

ISIN Code : INE766P01016

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Last Updated: Mar 05 2024 | 04:01 PM IST

Market Cap (₹ Cr)

3082

Turnover (₹ Cr)

0.54

Volume (Shares)

125800

Face Value

10

52-WK High

460.00

52-WK High Date

10 Jan 2024

52-WK Low

348.05

52-WK Low Date

31 Oct 2023

All Time High

821.00

All Time High Date

02 Aug 2021

All Time Low

195.00

All Time Low Date

26 Mar 2020

Mahindra Logistics Ltd

Mahindra Logistics Limited (MLL) is a portfolio company of Mahindra Partners the USD 1 billion private equity division of the USD 20.7 billion Mahindra Group. MLL is an integrated third-party logistics (3PL) service provider specializing in supply chain management and people transport solutions. MLL serves over 350 corporate customers across various industries like Automobile Engineering Consumer Goods and E-commerce. The Company pursues en ' asset-light' business model providing customised and technology enabled solutions that span across the supply chain and people transport operations. Mahindra Logistics Limited was incorporated as a Public Limited Company on 24th August 2007. The Company was granted the Certificate for Commencement of Business on 15th October 2007 by the Registrar of Companies.The Promoter Mahindra & Mahindra Limited through its logistics division Mahindra Logistics - undertook the business of providing logistics solutions warehousing freight forwarding and supply chain services. Pursuant to a Business Transfer Agreement dated September 11 2008 between the Promoter and Mahindra Logistics Limited the entire Logistics Business was transferred to Mahindra Logistics Limited. Subsequently the Logistics Business has since then been undertaken by Mahindra Logistics Limited and its Subsidiaries.In 2014 Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1 and Normandy Holdings Limited a wholly owned subsidiary of Kedaara Capital I made investment in the company. During the year under review Mahindra Logistics Limited started operations for one of India's leading ecommerce companies.Mahindra Logistics Limited entered into a joint venture with IVC Logistics Limited pursuant to shareholders' agreement dated August 28 2014 to form 2X2 Logistics. 2X2 Logistics offers pan-India transportation services for finished automobiles. In 2015 the Company acquired shares aggregating to 60% of the paid-up share capital of Lords Freight (India) Private Limited for Rs 8 crore dated July 14 2014.The Board of Directors of Mahindra Logistics at its Meeting held on 2 August 2018 approved additional investment in Lords Freight (India) Private Limited a Subsidiary Company (Lords) by way of purchase of 2.05 lakh equity shares of Lords (representing 8.69% of equity share capital of Lords) from the existing shareholders of Lords. Consequently Share Purchase Agreement and other related documents have been executed between the company and respective selling Shareholders of Lords. On completion of the said purchase the company's shareholding in Lords would increase from 60% to 68.69%.On 30 August 2018 Mahindra Logistics (MLL) announced the acquisition of a strategic stake in Transtech Logistics also known as ShipX. ShipX is a SAAS (Software as a Service) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs shippers and transporters. ShipX has been working with MLL for over 3 years and has been enabling transportation solutions. This acquisition will help MLL to increase end-to-end digitization and bring in operational efficiencies.The Board of Directors of the Company at its meeting held on 29 August 2018 approved further investment in Lords Freight (India) Pvt. Ltd. by way of an additional purchase of 2.39 lakh equity shares of Lords from the existing shareholders of Lords.The Board of Directors of Mahindra Logistics Limited at its meeting held on 1 November 2018 approved further investment in Lords Freight (India) Pvt. Ltd. Subsidiary Company (Lords) by way of purchase of Rs 1.19 lakh equity shares of Lords (representing 5.063% of equity share capital of Lords) from an existing shareholder of Lords. On completion of the said purchase the Company's shareholding in Lords increased to 83.874%.In October 2018 Company acquired a strategic stake in Transtech Logistics also known as ShipX. During the financial year 2021-22 Company acquired 100% paid-up share capital of Meru Mobility Tech Private Limited (MMTPL) V-LinkAutomotive Services Private Limited (VASPL) and V-Link Fleet Solutions Private Limited (VFSPL) fellow subsidiaries of the Company from Meru Travel Solutions Private Limited (MTSPL) and 100% paid-up share capital of MTSPL from Mahindra & Mahindra Limited (M&M) Holding and Promoter Company of the Company and post completion of the acquisition MMTPL VASPL VFSPL and MTSPL became wholly-ownedsubsidiaries of the Company and remained subsidiaries of M&M. It acquired 60% of the paid-up share capital of ZipZap Logistics Private Limited. On 8th April 2022 the Company acquired 36% of the paid-up share capital of Whizzard making Whizzard an Associate of the Company with effect from the said Date.

Mahindra Logistics Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3082

EPS - TTM (₹) [S]

10.48

P/E Ratio (X) [S]

4.72

Face Value (₹) 10
Latest Dividend (%)25.00
Latest Dividend Date 14 Jul 2023
Dividend Yield (%) 0.58
Book Value Share (₹) [S]90.62
P/B Ratio (₹) [S]4.72
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.01 183 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 183 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
28-09-2022Motilal Oswal Neutral 505

Stock Strength

Today's Low/High

425.75

432.45

Week Low/High

408.00

448.00

Month Low/High

370.60

448.00

Year Low/High

348.05

460.00

All time Low/High

199.00

821.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.69%-3.79%0.800.71%
1 Month7.18%7.02%2.712.69%
3 Month17.95%18.13%6.327.20%
6 Month5.05%5.03%12.0014.21%
1 Year17.83%17.80%23.1927.07%
3 Year-18.34%-18.36%46.1749.66%

Company Info

Company Information

Director : Zhooben Bhiwandiwala

Director : Parag Chandulal Shah

Director : K Chandrasekar

Director : SUNISH SHARMA

Independent Director : Darius Pandole

Independent Director : Ranu Rajkumar Vohra

Independent Director : AJAY NATVARBHAI MEHTA

Company Secretary : Brijbala Batwal

Independent Director : Avani Davda

Registered Office: Mahindra Towers, P K Kurne Chowk Worli,Mumbai,Maharashtra-400018 Ph: 91-22-24901441

Email:cs.mll@mahindra.com

URL:http://www.mahindralogistics.com