The 7 reports from 4 analysts offering long term price targets
for Mahindra Logistics Ltd. have an average target of 423.00. The consensus estimate
represents an upside of 7.10%
from the last price of 394.95.
Higher SCM revenues as ramp up seen in E-commerce and Consumer segment Mahindra Logistics (MLL) reported strong sequential numbers on the back of higher SCM revenues and income-tax refunds. Supply Chain Management (SCM) segment reported a revenue growth of 6% YoY in Q2FY21 as ramp-up in E-commerce and Consumer segment (constituting 50% of Non-M&M; SCM revenues) drove 17% YoY growth in Non-M&M; non-automotive segment. Expect recovery in automotive demand from 2HFY21 and scale up of new contracts won...
Buoyed by traction in key client segments e-commerce, consumer, pharma, tractors Mahindra Logistics' (MLL) topline decline eased to 2% YoY, ahead of our estimate of a 14% drop.
MLL posted better-than-expected performance for Q2FY2021 led by rebound in its SCM business revenue growth at almost pre-COVID level. E-commerce and consumer drive non-M&M; segment revenues. The company added 0.8msf warehousing space and introduced Flexi Warehousing...
Social distancing norms have made it challenging for companies to maintain turnaround times & also led to higher logistics costs. Specialised 3PL companies in such environments can provide reduced logistics costs, better turnaround time to each client on greater efficiency, lower capex, better utilisation level vs. each company's internal logistics operations. MLL ended with ~400 clients in FY20 and expects 30-40 client additions each year. SCM segment sees normalised performance A strong QoQ pullback was seen across segments (PTS is still a laggard)...
New business landscape looks promising for 3PL companies With introduction of newer norms (social distancing) and regulations shoved into the sector, it is becoming challenging to maintain turnaround times for customer for various companies, with increased labour costs. A 3PL company in such an environment can provide reduced logistics costs, better turnaround and also reverse logistics to each client company due to greater efficiency, lower capex and running the operations at better utilisation levels compared to each company internal logistics operations. MLL ended with...
MLL is one of the major players in the rapidly growing Indian 3PL industry (~ US$6 billion in FY17), which has been growing at a CAGR of 18-20% over the last few years. The growth is driven by higher gamut of logistics operations being outsourced by manufacturers to 3PL players. MLL possesses key success enablers like bouquet of end-to-end logistic services, asset light model and presence in high growth industries along with support...
Scaleable asset light model amid huge market opportunity MLL is one of the major players in the nascent but rapidly growing Indian 3PL industry (~US$6 billion in FY17), which has been growing at a CAGR of 18-20% over last few years. The growth is driven by a higher gamut of logistics operations being outsourced by manufacturers to 3PL players. MLL possesses key success enablers like bouquet of end-to-end logistic services, asset light model and presence in high growth industries along with support of anchor client (M&M;) enabling it to grow in line with industry growth....
Increased revenue share from the non-Mahindra business (especially FMCG, e-commerce) would enable higher warehousing revenues, providing better gross margins and translating into enhanced profitability for the company. Rising importance of services like inbound, outbound and in-factory logistics would enable 3PL players to get a higher wallet share of the clients business with increased client dependency. We maintain our BUY rating with a...
We recently met Mahindra Logistics (MLL) CFO, Yogesh Patel, to get a sense of the rising importance of the third party logistics (3PL) business and MLL, in particular, in the GST era. MLL is one of the largest 3PL players in the country, with over 350 clients. The company is primarily into providing customised logistics solution to clients, while at the same time staying asset light, as assets required for the operations such as vehicles and warehouses are owned by ~1500 business partners (~1000 business partners in SCM and ~500 in PTS business). On the business front, MLL...
Mahindra Logistics Ltd. (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and people transport solutions. MLL serves over 300 corporate customers across various industries like Automobile, engineering, consumer goods and e-commerce. The company pursues an asset-light business model, providing customized and technology enabled solutions that span across the supply chain and people transport operations. It also allows scalability of services as well as the flexibility to develop and offer customized logistics solutions across a diverse set of industries....
MLL is one of the leading players in the fast growing Third Party Logistics (3PL) sector. MLL's technology enabled, "asset-light" business model allows for scalability of services as well as the flexibility to develop and offer customized...
Mahindra Logistics (MLL) is one of India's largest third party logistics (3PL)/ supply chain management (SCM) companies in India, but it accounts for only 6-7% of India's SCM industry. As we expect major business to shift to organized players under GST.
Incorporated in 2008, Mahindra Logistics Limited, is part of Mahindra Group (M&M;). MLL is an end-to-end logistics solution and service provider across several industries. Before 2008 the logistics business of MLL was operated as a division of M&M; serving the transportation and distribution, warehousing and in-factory logistics requirements of M&M.; Mahindra logistics operate in 2 distinct business segments, Supply Chain Management (SCM) and People transport solutions (PTS). Some of the Non Mahindra Clients in SCM and PTS business include Vodafone India,...
