Mahindra Logistics Ltd. share price target

Subdued user industries exacted a heavy toll on Mahindra Logistics' (MLL) Q1FY20 performance.

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's Q3 Supply Chain Management (SCM) revenue grew 18% YoY on healthy growth across key verticals (except Bulk which dragged overall growth). This also helped SCM gross margin expand 60 bps YoY to 8.1%.

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.

Issue Open: Oct 31 - Nov 02, 2017 Issue Open: Oct 31 - Nov 02, 2017, Price Band: Rs. 425 - 429 (A discount of Rs 42 is offered to Eligible Employees), Issue Size: 19,332,346 Equity Shares (Entirely Offer for sale), Offer Size: Rs.821.62 crs - 829.36 crs

Promoted by Mahindra & Mahindra, Mahindra Logistics (MLL), incorporated in 2007, undertook the business of providing logistics solutions, warehousing, freight forwarding and supply chain services. Since then, MLL has now established itself as one of India's largest (in terms of revenue) third-party logistics (3PL) solutions provider. A panIndia network of 24 offices and warehousing capacity of 10 million sq ft enables MLL to provide customised integrated supply chain and people transport solutions to companies across multiple industries. Mahindra group companies, being the anchor client contributes 56% of the total...

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder. The objects of the Offer are to achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges. The listing of the Equity Shares will enhance the Company's brand and provide liquidity to the existing Shareholders. (upto 9,666,173 Equity Shares by Mahindra & Mahindra, up to 9,271,180 Equity Shares by Normandy Holdings and up to...

Incorporated in Aug 2007, Mahindra Logistics is one of the India's largest 3PL solutions providers in the Indian logistics industry. The company believes that its competitive advantage lies in asset-light business model. The technology enabled, asset-light business model allows for scalability of services as well as the flexibility to develop and offer customized logistics solutions across a diverse set of industries. The company operates in...