Mahindra Logistics Ltd. share price target

During Q3, the company saw peak volumes in processing and fulfilment solutions, higher transportation volumes and also, focused on customers with a pan-India presence, servicing them with flex solutions. It also developed and expanded presence in grocery and essentials. On the auto front, MLL saw higher ton-mile coverage and strong growth due to festive season, good Kharif output. Also, e-commerce, consumer pharma, FMCG and apparels continued to show double digit gains during the quarter. However, during the quarter, the company also saw some of its gains getting...

Mahindra Logistics' (MLL) Q3FY21 consolidated revenue grew by a strong 15% YoY led by SCM (+24%) while the mobility segment lagged (60%).

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...

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...

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.

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)...

Mahindra Logistics' (MLL) Q4FY20 print was weak on account of the national lockdown and auto industry slowdown.

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...

Mahindra Logistics (MLL) reported below expected performance in Q2FY20, with consolidated revenue/EBITDA (adj. for IND-AS 116) declining 8%/28% YoY.