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12 Jul 2025 |
Mahindra Logistics
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Consensus Share Price Target
|
378.85 |
360.10 |
- |
-4.95 |
hold
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22 Apr 2025
|
Mahindra Logistics
|
Prabhudas Lilladhar
|
378.85
|
287.00
|
316.10
(19.85%)
|
Target met |
Hold
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Express business has secured new monthly orders of ~5,000 MT to lower demand in core 3PL segment, operating performance was broadly inline with EBITDA margin of 5.0% (PLe 4.6%). Though EBITDA losses in B2B express business have narrowed from Rs803mn in FY24 to Rs511mn in FY25, a complete turnaround in near term continues to remain a cause of concern. While management expects EBITDA break-even by 2QFY26E, incremental...
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21 Apr 2025
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Mahindra Logistics
|
Motilal Oswal
|
378.85
|
300.00
|
307.45
(23.22%)
|
Target met |
Neutral
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Mahindra Logistics (MLL)’s revenue grew ~8% YoY to INR15.7b in 4QFY25, in line with our estimate. EBITDA margin came in at 5% (+110bp YoY and +30bp QoQ) vs. our estimate of 4.7%. EBITDA rose ~37% YoY to INR777m (in line).
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29 Jan 2025
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Mahindra Logistics
|
Prabhudas Lilladhar
|
378.85
|
399.00
|
359.85
(5.28%)
|
5.32 |
Hold
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28 Jan 2025
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Mahindra Logistics
|
Motilal Oswal
|
378.85
|
330.00
|
354.00
(7.02%)
|
Target met |
Neutral
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Mahindra Logistics (MLL)’s revenue grew ~14% YoY to INR15.9b in 3QFY25, in line with our estimate.
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23 Dec 2024
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Mahindra Logistics
|
Ventura
|
378.85
|
646.00
|
371.10
(2.09%)
|
70.52 |
Buy
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Rivigo's turnaround & industry tailwinds to boost profits
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23 Oct 2024
|
Mahindra Logistics
|
Sharekhan
|
378.85
|
560.00
|
444.05
(-14.68%)
|
47.82 |
Buy
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We retain BUY on Mahindra Logistics Limited (MLL) with a revised PT of Rs. 560, factoring in downwardly revised estimates, while it remains on a growth path.
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23 Oct 2024
|
Mahindra Logistics
|
ICICI Securities Limited
|
378.85
|
420.00
|
444.05
(-14.68%)
|
Target met |
Sell
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Mahindra Logistics Limited’s (MLL) Q2FY25 EBITDA performance undershot our/consensus estimates by 6.2%/23.6%. Key points: 1) Network services, which is ~18% of overall business, grew 46.1% YoY while 3PL grew by 6.8%. 2) Gross margins improved for network services.
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25 Jul 2024
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Mahindra Logistics
|
Sharekhan
|
378.85
|
632.00
|
515.30
(-26.48%)
|
66.82 |
Buy
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We retain BUY on Mahindra Logistics Limited (MLL) with a revised PT of Rs. 632, rolling forward our valuation to H1FY2027E earnings, while it remains on a growth path across businesses.
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24 Jul 2024
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Mahindra Logistics
|
ICICI Securities Limited
|
378.85
|
450.00
|
516.70
(-26.68%)
|
Target met |
Sell
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MLL's performance, QoQ, has improved. Overall, EBITDA of INR 663mn (down 0.5% YoY) was 19.7%/1.7% above our/Street’s estimates.
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23 Jul 2024
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Mahindra Logistics
|
Motilal Oswal
|
378.85
|
510.00
|
517.75
(-26.83%)
|
Target met |
Neutral
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Mahindra Logistics (MLL)’s 1QFY25 revenue grew ~10% YoY to INR14.2b (in line). EBITDA margin came in at 4.7% (vs. our est. of 4.5%), down 50bp YoY but up 80bp QoQ. EBITDA was flat YoY at INR663m (in line) in 1QFY25.
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23 Jul 2024
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Mahindra Logistics
|
Prabhudas Lilladhar
|
378.85
|
500.00
|
517.75
(-26.83%)
|
Target met |
Hold
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24 Apr 2024
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Mahindra Logistics
|
ICICI Securities Limited
|
378.85
|
432.00
|
466.50
(-18.79%)
|
Target met |
Hold
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Mahindra Logistics’ (MLL) Q4FY24 EBITDA was slightly above our estimates and marginally below street’s expectations.
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23 Apr 2024
|
Mahindra Logistics
|
Motilal Oswal
|
378.85
|
420.00
|
450.75
(-15.95%)
|
Target met |
Neutral
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Mahindra Logistics (MLL)’s 4QFY24 revenue grew by ~14% YoY to INR14.5b (in line). EBITDA margin came in at 3.9% (in line), down 100bp YoY and up 20bp QoQ. EBITDA decreased 11% YoY to INR566m (in line). MLL posted a net loss of INR128m vs. INR8m in 4QFY23 (our estimate of INR6m loss).
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23 Apr 2024
|
Mahindra Logistics
|
Sharekhan
|
378.85
|
520.00
|
450.75
(-15.95%)
|
Target met |
Buy
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Mahindra Logistics Limited (MLL) reported marginally higher consolidated revenue at Rs. 1,451 crore (up 14% y-o-y), led by healthy growth in its core standalone business (mainly 3PL, revenue up 12% y-o-y) and express business (up 26% y-o-y), while the freight business witnessed a sequential improvement (up 15% q-o-q)
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26 Oct 2023
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Mahindra Logistics
|
ICICI Securities Limited
|
378.85
|
390.00
|
368.55
(2.79%)
|
Target met |
Accumulate
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Mahindra Logistics’ (MLL) Q2FY24 EBITDA was significantly below our and street’s expectations. Key points: 1) Express business was underwhelming with EBITDA-level loss widening QoQ to INR 244mn; 2) warehousing & solutions revenue was impacted by a churn; however, gross margin improved 25% YoY; 3) freight forwarding business was impacted by a significant decline in ocean freight rates and deferment of volumes from some telecom contracts.
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18 Sep 2023
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Mahindra Logistics
|
ICICI Direct
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378.85
|
450.00
|
391.00
(-3.11%)
|
Target met |
Buy
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26 Jul 2023
|
Mahindra Logistics
|
ICICI Securities Limited
|
378.85
|
410.00
|
376.45
(0.64%)
|
Target met |
Accumulate
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Mahindra Logistics’ (MLL) Q1FY24 EBITDA was in line with our estimates; however, it was 3.3% below consensus estimates. Key points: 1) Overall revenue grew 7.8% YoY led by growth in both SCM and mobility businesses on the back of improved performance in 3PL and network services; 2) freight-forwarding business continues to face headwinds YoY.
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26 Apr 2023
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Mahindra Logistics
|
Sharekhan
|
378.85
|
455.00
|
369.10
(2.64%)
|
Target met |
Buy
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26 Apr 2023
|
Mahindra Logistics
|
ICICI Securities Limited
|
378.85
|
390.00
|
363.75
(4.15%)
|
Target met |
Accumulate
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Mahindra Logistics’ (MLL) Q4FY23 EBITDA of Rs637mn (up 16% YoY) was in line with our estimates; however, it missed street estimates by 7%. Key takeaways include: 1) Mixed quarter for 3PL division as automotive and manufacturing sectors contributed to growth while consumer and e-commerce lagged.
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26 Apr 2023
|
Mahindra Logistics
|
ICICI Direct
|
378.85
|
410.00
|
369.10
(2.64%)
|
Target met |
Hold
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