Mahindra Logistics Limited (NSE:MAHLOG) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?

It's been a good week for Mahindra Logistics Limited (NSE:MAHLOG) shareholders, because the company has just released its latest full-year results, and the shares gained 7.6% to ₹313. It was a pretty bad result overall; while revenues were in line with expectations at ₹61b, statutory losses exploded to ₹4.97 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Taking into account the latest results, the most recent consensus for Mahindra Logistics from ten analysts is for revenues of ₹70.4b in 2026. If met, it would imply a notable 15% increase on its revenue over the past 12 months. Mahindra Logistics is also expected to turn profitable, with statutory earnings of ₹8.17 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹70.9b and earnings per share (EPS) of ₹9.94 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a real cut to EPS estimates.

View our latest analysis for Mahindra Logistics

It might be a surprise to learn that the consensus price target was broadly unchanged at ₹353, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Mahindra Logistics analyst has a price target of ₹560 per share, while the most pessimistic values it at ₹279. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 15% growth on an annualised basis. That is in line with its 14% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 12% per year. So although Mahindra Logistics is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at ₹353, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Mahindra Logistics. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Mahindra Logistics analysts - going out to 2028, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 2 warning signs for Mahindra Logistics (1 is concerning!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.