Mahindra Logistics Ltd

NSE
MAHLOG •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Oct 31, 2023
5.8
TTM PE Ratio
Negative PE TTM
-65.8
Price to Book Ratio
Above industry Median
5
Dividend yield 1yr %
Below industry Median
0.6
TTM PEG Ratio
PEG TTM is less than 1
0.3
RSI
RSI is mid-range
43.6
MFI
MFI is mid-range
39.6

Mahindra Logistics Ltd Key Financials

*All values are in ₹ Cr.

Mahindra Logistics Ltd shareholding Pattern

Promoter
58%
Foreign Institutions
5.9%
Mutual Funds
11.2%
Domestic Institutions
15.7%
Public
20.3%

Mahindra Logistics Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
4
Bearish Moving Averages
12
5Day EMA
392.40
10Day EMA
393.10
12Day EMA
394.20
20Day EMA
398.90
26Day EMA
401.20
50Day EMA
401.90
100Day EMA
396.50
200Day EMA
397.90
Delivery & Volume
Resistance & Support
391.28
Pivot
Resistance
First Resistance
394.77
Second Resistance
399.58
Third Resistance
403.07
Support
First Support
386.47
Second support
382.98
Third Support
378.17
Relative Strength Index
43.65
Money Flow Index
39.55
MACD
-6.99
MACD Signal
-6.96
Average True Range
14.25
Average Directional Index
26.62
Rate of Change (21)
-6.42
Rate of Change (125)
2.03

Mahindra Logistics Ltd Company background

Founded in: 2007
Managing director: Rampraveen Swaminathan
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 thirdparty 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 Ecommerce. The Company pursues en assetlight 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 entered ecommerce sector by starting operations for one of Indias 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 panIndia transportation services for finished automobiles. In 2015, the company appointed a reputed strategic consultancy firm to help with a business transformation exercise. Mahindra Logistics Limited acquired shares aggregating to 60% of the paidup share capital of Lords Freight (India) Private Limited for Rs 8 crore pursuant to a share subscription and share purchase agreement dated July 14, 2014. Lords specializes in international freight forwarding.In 2016, the company entered into business contract with one of the largest steel producers in India. During the financial year ended 31 March 2017, the company achieved Rs 2500 crore of revenue from operations.The company came out with an initial public offer (IPO) during the period from 31 October 2017 to 2 November 2017. The IPO comprised of offer for sale of a total of 1.93 crore shares by selling shareholders. Promoter Mahindra Mahindra offloaded 96.66 lakh shares through the IPO. Two institutional investors viz. Normandy Holdings Limited and Kedaara Capital Alternative Investment Fund Kedaara Capital AIF 1 offloaded 92.71 lakh shares and 3.95 lakh shares respectively. There was no fresh issue of shares by the company. The stock debuted at Rs 432 on BSE on 10 November 2017, a premium of 0.69% compared to IPO price of Rs 429 per share. 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 companys 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 endtoend 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 (representing 10.12% of equity share capital 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 (along with the purchase approved by the Board of the Company at its meeting held on 29 August 2018), the companys shareholding in Lords would increase to 83.874%.During the financial year 202122, Company acquired 100% paidup share capital of Meru Mobility Tech Private Limited (MMTPL), VLinkAutomotive Services Private Limited (VASPL) and VLink Fleet Solutions Private Limited (VFSPL), fellow subsidiaries of the Company from Meru Travel Solutions Private Limited (MTSPL), and 100% paidup share capital of MTSPL from Mahindra Mahindra Limited (MM), Holding and Promoter Company of the Company and post completion of the acquisition, MMTPL, VASPL, VFSPL and MTSPL became whollyownedsubsidiaries of the Company and remained subsidiaries of MM. It acquired 60% of the paidup share capital of ZipZap Logistics Private Limited. On 8th April, 2022, the Company acquired 36% of the paidup share capital of Whizzard, making Whizzard an Associate of the Company with effect from the said Date.
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Mahindra Logistics Ltd FAQs

Mahindra Logistics Ltd shares are currently priced at 389.95 on NSE and 389.65 on BSE as of 2/21/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Mahindra Logistics Ltd [MAHLOG] share was 2.94. The Mahindra Logistics Ltd [MAHLOG] share hit a 1-year low of Rs. 348.05 and a 1-year high of Rs. 460.

The market cap of Mahindra Logistics Ltd is Rs. 2809.05 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Mahindra Logistics Ltd is 37.18 as of 2/21/2024 12:00:00 AM.

The PB ratios of Mahindra Logistics Ltd is 4.29 as of 2/21/2024 12:00:00 AM

The Mutual Fund Shareholding was 11.21% at the end of 2/21/2024 12:00:00 AM.

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