# Mahindra Logistics share price today (Mahindra Logistics Ltd, NSE: MAHLOG)

> Mahindra Logistics share price today: ₹408.25 at the NSE close on 3 November 2026, up 15.3% in a year. Mahindra Logistics (NSE: MAHLOG) is worth ₹4,053 crore, trades at a P/E of 53.3 and has closed between ₹290.30 and ₹431.60 over the past 52 weeks. > Mahindra Logistics Ltd's results are improving, while its P/E is near the low end of its own history over 9 years, higher than only 20% of past readings. MAHLOG · Logistics - Warehousing/Supply Chain · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mahindra-logistics-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹408.25 (+15.3% in a year)
- P/E: 53.3× (lower than 80% of the last 9 years)
- Revenue (Sep 2026): ₹2,095 Cr (+24.3% on a year ago)
- Profit (Sep 2026): ₹29.0 Cr
- Operating margin: 6.0% (+1.0 points on a year ago)
- ROCE: 7%, FY26

The main question: domestic institutions moved −4.4 percentage points over 8 quarters while the business went the other way. ## What is the Mahindra Logistics share price today? Mahindra Logistics Ltd's share price was ₹408.25 at the close on 3 November 2026. It has been rising for 37 weeks. That is 6.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹290 and ₹432, and at that close it sat 83% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 9 years the share price moved +4% while the NIFTY 500 moved +144%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Mahindra Logistics this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), highest quarterly profit in 16 quarters and profit up on a year earlier for 5 quarters in a row. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹2,095 crore, +24.3% on a year earlier. 2. Highest quarterly profit in 16 quarters Profit of ₹29 crore in the September 2026 quarter is the highest of the last 16 quarters. 3. Profit up on a year earlier for 5 quarters in a row In the September 2026 quarter profit was ₹29 crore, +462.5% on a year earlier. ## What are Mahindra Logistics' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Mahindra Logistics reported revenue of ₹2,095 crore, up 24.3% from ₹1,685 crore a year earlier, and a profit of ₹29.0 crore, against a loss of ₹8.00 crore a year earlier. ### Mahindra Logistics results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,095 crore | ₹1,685 crore | +24.3% |
| Profit | ₹29.0 crore | loss of ₹8.00 crore | n/a |
| Earnings per share | ₹2.64 | ₹−1.04 | n/a |
| Operating margin | 6.0% | 5.0% | +1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Mahindra Logistics' management discussed these results on a call held on 23 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Mahindra Logistics share price history? Mahindra Logistics closed at ₹408.25 on 3 November 2026, up 15.3% from ₹354.20 a year earlier (31 October 2025) and down 33.3% over five years. Its highest weekly close since November 2017 was ₹699.14 on 27 August 2021. ### Mahindra Logistics share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹370.25 | +10.3% |
| 1 month ago · 1 Oct 2026 | ₹416.40 | −2.0% |
| 6 months ago · 30 Apr 2026 | ₹403.50 | +1.2% |
| 1 year ago · 31 Oct 2025 | ₹354.20 | +15.3% |
| 3 years ago · 3 Nov 2023 | ₹320.82 | +27.3% |
| 5 years ago · 4 Nov 2021 | ₹612.08 | −33.3% |
| Earliest weekly close in our records · 10 Nov 2017 | ₹391.96 | +4.2% |
| Highest weekly close since November 2017 · 27 Aug 2021 | ₹699.14 | −41.6% |
| Lowest weekly close since November 2017 · 27 Mar 2020 | ₹199.04 | +105.1% |
| 52-week high (weekly close) · 17 Apr 2026 | ₹431.60 | −5.4% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹290.30 | +40.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (476 weekly closes from 10 November 2017 to 3 November 2026.)

## What is the latest news on Mahindra Logistics? 3 Nov 2026: Mahindra Logistics closed at ₹408.25, up 10.3% on the week and down 2.0% on the month. 23 Oct 2026: Mahindra Logistics held its results call for July to September 2026. Management guided: Consolidated gross margin improvement of about 100 basis points from FY26 exit over the medium term, not within two quarters or one year. ### Earlier

- Results for July to September 2026: Revenue up 24.3% on a year earlier. - 10 Jul 2026: ex-date for a dividend of ₹2.50 a share. ## What dividend does Mahindra Logistics pay? Mahindra Logistics paid ₹2.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.61% at the ₹408.25 close on 3 November 2026. The last was a dividend of ₹2.50 a share, ex-date 10 July 2026. ### Mahindra Logistics dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 10 Jul 2026 | ₹2.50 | Dividend |
| 11 Jul 2025 | ₹2.50 | Dividend |
| 12 Jul 2024 | ₹2.50 | Dividend |
| 14 Jul 2023 | ₹2.50 | Dividend |
| 21 Jul 2022 | ₹2 | Dividend |
| 19 Jul 2021 | ₹2.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Mahindra Logistics Ltd paid out 1,083% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 13 reported years. 2 of those years show a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Mahindra Logistics management say on the latest results call? On the call for July to September 2026, held on 23 October 2026, Mahindra Logistics' management guided: Consolidated gross margin improvement of about 100 basis points from FY26 exit over the medium term, not within two quarters or one year. > “You will not see that improvement within 2 quarters or within 1 year. You will see it only over the medium term, and there will be positives and negatives along the way.”
> Isha Dalal, CFO, on the call for July to September 2026

### What management guided

- FY27 capital spending close to ₹100 crore, plus or minus ₹10 crore; about half spent in H1 and plan on track. - MSPL profit positivity identified as the next milestone, expected through execution over the next few months and quarters. - Last-mile delivery year-on-year revenue growth expected from October to December 2026 after portfolio recalibration. - Freight forwarding H2FY27 framed as a rebuild phase, with results expected to emerge in FY28. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/6089/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 23 October 2026.)

## What to watch in Mahindra Logistics' next results? When Mahindra Logistics reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: MSPL operating profit remains positive as volume contribution begins to supplement yield-led improvement. - What to check (from the call)
- MSPL operating profit remains positive as volume contribution begins to supplement yield-led improvement. - Last-mile delivery returns to year-on-year growth while maintaining profitable portfolio discipline. - Freight-forwarding pipeline converts into customer wins, advancing beyond a sequential revenue rebound. - Contract logistics productivity absorbs manpower pressure and festive flex-site costs. ## Which stock lists is Mahindra Logistics on? Mahindra Logistics is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 4072.625318606627](https://www.sectoralpha.in/momentum-stocks-india)

## Is Mahindra Logistics profitable? Mahindra Logistics Ltd earned ₹29.0 Cr of net profit in the Sep 2026 quarter. Full-year FY26 profit was ₹11.0 Cr. Over 10 years profit has grown −11.2% a year on average. That is 1.4% of the quarter's revenue. The same quarter a year earlier lost ₹8.0 Cr. 8 of the last 12 reported quarters were loss-making. ## How much revenue does Mahindra Logistics make, and is it growing? Mahindra Logistics Ltd reported ₹2,095 Cr of revenue in the Sep 2026 quarter, +24.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.0% a year on average. The last full year, FY26, came in at ₹6,999 Cr. The last four reported quarters add to ₹7,787 Cr. FY26 revenue was ₹6,999 Cr, +14.6% on the year before. Recent pace: the last four quarters grew +20.2% on average, against 13.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +20.3%, against +16.0% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does Mahindra Logistics keep? Mahindra Logistics Ltd's operating margin was 6.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 2.5% and 5.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +0.9 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Mahindra Logistics' profit turning into cash? Over the last 3 years, 1,106% of Mahindra Logistics Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹254 Cr of operating cash against ₹11.0 Cr of profit. After ₹473 Cr of spending on assets, free cash was −₹219 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 1,106% of profit came in as cash: the cash cycle got 18 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Mahindra Logistics' cash go? Mahindra Logistics Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 36 days in FY26, down from 54 days in FY21. It spent ₹1,050 Cr on assets over the last 3 years. At FY26 sales of ₹6,999 Cr, each day of that cycle ties up about ₹19.2 Cr, so roughly ₹690 Cr is tied up in the business at any time. Spending on assets: ₹1,050 Cr over the last 3 years, against ₹713 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹24.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Mahindra Logistics' P/E ratio, and how does it compare with its own history? Mahindra Logistics Ltd's P/E is 53.3×, near the low end of its own history: it has been lower only 20% of the time. Its usual P/E (the middle reading) is 103.2×, over 9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹7.56. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Where the price move came from: over 5 years the price moved −7.8% a year; about +12.9% a year came from earnings growth and about −20.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 38% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Mahindra Logistics business getting better or worse? Mahindra Logistics Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Mahindra Logistics earn on its capital? Mahindra Logistics Ltd earned a ROCE of 7% in FY26. That is up from a low of 3% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 0.2% net margin and 2.25× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 0.2% net margin × 2.25× asset turnover × 2.64× leverage (assets divided by equity) ≈ 1.2% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 38% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Mahindra Logistics have too much debt? Mahindra Logistics Ltd had ₹650 Cr of borrowings against ₹1,175 Cr of equity in FY26, so its debt is 0.55× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹269 Cr to ₹650 Cr. Over the last 3 of those years it spent ₹1,050 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 38% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Mahindra Logistics shareholding pattern? Domestic institutions cut their stake in Mahindra Logistics Ltd by 4.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 13.8% of the company. Promoters moved +1.5 points over the same period, to 59.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −4.4 points over 8 quarters, to 13.8%; Promoters: +1.5 points over 8 quarters, to 59.5%; Foreign institutions: +0.4 points over 8 quarters, to 5.3%. Why the owners changed: domestic institutions drove it (−4.4 points), with the other side taken by promoters (+1.5 points). They reduced their stake. ## How far is Mahindra Logistics from balance-sheet trouble? For Mahindra Logistics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mahindra Logistics rank in its industry? 55.1 out of 100, rank 4 of 8 in Logistics - Warehousing/Supply Chain, with 67% of the evidence available. Mahindra Logistics Ltd scores 55.1 out of 100 against the 8 companies it is compared with in Logistics - Warehousing/Supply Chain, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19 + 7.3 + 9.8 + 19 = 55.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mahindra Logistics compared with? Mahindra Logistics ranks 4 of 8 Logistics - Warehousing/Supply Chain companies on the 4-Factor Sector Score, with 55.1 out of 100. 1. [VRL Logistics Ltd](https://www.sectoralpha.in/stocks/vrl-logistics-ltd) VRLLOG · leader · Most evidence points up · 96% evidence 75.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 5.6% · Profit 22.4% · Operating margin change 1 points · 88% evidence Capital efficiency 20.4/25 · ROCE 18.3% · Operating margin 21% · 100% evidence Valuation 19.5/20 · P/E 17× · PEG 0.6 · 100% evidence Relative strength 15.8/20 · Lead over its industry 6.6% · Lead over NIFTY 500 3.3% · 1 year -7.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.3 + 20.4 + 19.5 + 15.8 = 75 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Navkar Corporation Ltd](https://www.sectoralpha.in/stocks/navkar-corporation-ltd) NAVKARCORP · quiet · Evidence leans up · 85% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 50.3% · Profit 100% · Operating margin change 0 points · 100% evidence Capital efficiency 11.1/25 · ROCE 3.1% · Operating margin 15% · 100% evidence Valuation 12.9/20 · P/E 23.7× · PEG 0.85 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.7% · 1 year -36.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 28 + 11.1 + 12.9 + 7.5 = 59.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Allcargo Logistics Ltd](https://www.sectoralpha.in/stocks/allcargo-logistics-ltd) ALLCARGO · breaking out · Evidence leans up · 64% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 5.3% · Profit 87.5% · Operating margin change 3 points · 62% evidence Capital efficiency 10.7/25 · ROCE 4.8% · Operating margin 13% · 76% evidence Valuation 10.2/20 · P/E 30.2× · PEG n/a · 15% evidence Relative strength 13.9/20 · Lead over its industry 1.6% · Lead over NIFTY 500 -1.7% · 1 year -22.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 10.7 + 10.2 + 13.9 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Mahindra Logistics Ltd this page MAHLOG · turning · Evidence leans up · 67% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 20.3% · Profit 100% · Operating margin change 1 points · 71% evidence Capital efficiency 7.3/25 · ROCE 7.4% · Operating margin 6% · 76% evidence Valuation 9.8/20 · P/E 53.8× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 20.1% · Lead over NIFTY 500 16.2% · 1 year 16.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 19 + 7.3 + 9.8 + 19 = 55.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [TCI Express Ltd](https://www.sectoralpha.in/stocks/tci-express-ltd) TCIEXP · quiet · Evidence leans down · 81% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.1/35 · Revenue 5.2% · Profit 0% · Operating margin change 0 points · 88% evidence Capital efficiency 14.2/25 · ROCE 13.8% · Operating margin 10% · 100% evidence Valuation 18.2/20 · P/E 22× · PEG 0.99 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -6% · 1 year -29.1% · 25% evidence · 4 of 12 weeks ahead Exact sum: 8.1 + 14.2 + 18.2 + 9.4 = 49.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [TVS Supply Chain Solutions Ltd](https://www.sectoralpha.in/stocks/tvs-supply-chain-solutions-ltd) TVSSCS · quiet · Evidence leans down · 64% evidence 42.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 16.9% · Profit 24.1% · Operating margin change 0 points · 88% evidence Capital efficiency 9.6/25 · ROCE 10.1% · Operating margin 7% · 100% evidence Valuation 9.4/20 · P/E 65.2× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.5% · 1 year -18.9% · 25% evidence · 3 of 12 weeks ahead Exact sum: 15.3 + 9.6 + 9.4 + 8.4 = 42.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Delhivery Ltd](https://www.sectoralpha.in/stocks/delhivery-ltd) DELHIVERY · basing · Evidence leans down · 74% evidence 40.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 23.6% · Profit 33.1% · Operating margin change 4.3 points · 74% evidence Capital efficiency 4.8/25 · ROCE 1% · Operating margin 7% · 100% evidence Valuation 8.5/20 · P/E 138× · PEG n/a · 15% evidence Relative strength 3.0/20 · Lead over its industry -4.5% · Lead over NIFTY 500 -7.4% · 1 year -17.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 4.8 + 8.5 + 3 = 40.9 · What this means: Earnings are strong; relative strength in its sector is -4.5% and the one-year return is -17.2%. 8. [Snowman Logistics Ltd](https://www.sectoralpha.in/stocks/snowman-logistics-ltd) SNOWMAN · quiet · Evidence leans down · 74% evidence 40.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 6.8% · Profit 100% · Operating margin change 1.8 points · 74% evidence Capital efficiency 11.2/25 · ROCE 3.6% · Operating margin 14.7% · 100% evidence Valuation 8.9/20 · P/E 88.7× · PEG n/a · 15% evidence Relative strength 3.2/20 · Lead over its industry -6.9% · Lead over NIFTY 500 -9.8% · 1 year -35.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 11.2 + 8.9 + 3.2 = 40.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Logistics - Warehousing/Supply Chain](https://www.sectoralpha.in/sectors/logistics-warehousing-supply-chain), all 8 compared on one page. ## Which companies are close to Mahindra Logistics in size? Mahindra Logistics is the 4th largest of 8 Logistics - Warehousing/Supply Chain companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Delhivery, TVS Supply Chain Solutions and VRL Logistics. Just below it: TCI Express, Allcargo Logistics and Navkar Corporation. ### Logistics - Warehousing/Supply Chain companies close in size

1. [Delhivery Ltd](https://www.sectoralpha.in/stocks/delhivery-ltd) ₹28,932 crore
2. [TVS Supply Chain Solutions Ltd](https://www.sectoralpha.in/stocks/tvs-supply-chain-solutions-ltd) ₹4,619 crore
3. [VRL Logistics Ltd](https://www.sectoralpha.in/stocks/vrl-logistics-ltd) ₹4,547 crore
4. Mahindra Logistics Ltd ₹4,090 crore
5. [TCI Express Ltd](https://www.sectoralpha.in/stocks/tci-express-ltd) ₹1,849 crore
6. [Allcargo Logistics Ltd](https://www.sectoralpha.in/stocks/allcargo-logistics-ltd) ₹1,387 crore
7. [Navkar Corporation Ltd](https://www.sectoralpha.in/stocks/navkar-corporation-ltd) ₹1,124 crore

[All 8 Logistics - Warehousing/Supply Chain companies, largest first](https://www.sectoralpha.in/sectors/logistics-warehousing-supply-chain#all-companies)

### Companies close in size in other industries

1. [Northern Arc Capital Ltd](https://www.sectoralpha.in/stocks/northern-arc-capital-ltd) ₹4,091 crore · Finance & Investments - Microfinance
2. [Shilchar Technologies Ltd](https://www.sectoralpha.in/stocks/shilchar-technologies-ltd) ₹4,091 crore · Capital Goods - Transformers
3. Mahindra Logistics Ltd ₹4,090 crore
4. [Tribhovandas Bhimji Zaveri Ltd](https://www.sectoralpha.in/stocks/tribhovandas-bhimji-zaveri-ltd) ₹4,056 crore · Diamond, Gems & Jewellery
5. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) ₹4,031 crore · Trading

## What else do people ask about Mahindra Logistics? ### What is Mahindra Logistics's share price today? Mahindra Logistics Ltd's share price is ₹408.25, +15.3% over the past year. The whole company is worth ₹4,053 Cr on the market. In the last 52 weeks it traded between ₹290 to ₹432; today it is 83% of the way up from the low, 6.4% above its 200-day average (as of 3 November 2026). ### What were Mahindra Logistics's latest quarterly results? Mahindra Logistics Ltd reported revenue of ₹2,095 Cr and net profit of ₹29.0 Cr for the Sep 2026 quarter. Earnings per share were ₹2.64. The operating margin was 6.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Mahindra Logistics's market cap? Mahindra Logistics Ltd's market capitalisation is ₹4,053 Cr at a share price of ₹408.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mahindra Logistics performing? Mahindra Logistics Ltd's share price has been rising for 37 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Mahindra Logistics's share price go up? This page does not forecast Mahindra Logistics Ltd's share price. What it shows instead: the share price is ₹408.25, and it has been rising for 37 weeks. Its P/E of 53.3× is higher than 20% of its own last 9 years (as of 3 November 2026). ### Who owns Mahindra Logistics? Promoters own 59.5% of Mahindra Logistics Ltd, foreign institutions 5.3%, domestic institutions 13.8% and the public 21.4% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 4.4 percentage points over 8 quarters (as of 3 November 2026). ### Where is Mahindra Logistics in its business cycle? Mahindra Logistics Ltd's FY26 operating margin was 5.0%, against a 13-year range of 2.5% to 5.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 6.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mahindra Logistics story? The main question: domestic institutions moved −4.4 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mahindra Logistics a stock worth studying right now? What the numbers show: Mahindra Logistics Ltd's results are improving, while its P/E is near the low end of its own history over 9 years, higher than only 20% of past readings. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Mahindra Logistics share price forecast for 2026? What management itself guided: Consolidated gross margin improvement of about 100 basis points from FY26 exit over the medium term, not within two quarters or one year. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.