Mahindra Logistics Limited

NSEI:MAHLOG Stock Report

Market Cap: ₹35.0b

Mahindra Logistics Valuation

Is MAHLOG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MAHLOG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

₹524.09
Fair Value
32.7% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: MAHLOG (₹352.6) is trading below our estimate of fair value (₹524.09)

Significantly Below Fair Value: MAHLOG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAHLOG?

Key metric: As MAHLOG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MAHLOG. This is calculated by dividing MAHLOG's market cap by their current revenue.
What is MAHLOG's PS Ratio?
PS Ratio0.6x
Sales₹63.09b
Market Cap₹34.97b

Price to Sales Ratio vs Peers

How does MAHLOG's PS Ratio compare to its peers?

The above table shows the PS ratio for MAHLOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
GATEWAY Gateway Distriparks
1.7x12.06%₹31.5b
532029 Sindhu Trade Links
3.2xn/a₹43.6b
TCIEXP TCI Express
2.3x7.30%₹28.1b
ALLCARGO Allcargo Logistics
0.2x2.35%₹31.6b
MAHLOG Mahindra Logistics
0.6x10.65%₹35.0b

Price-To-Sales vs Peers: MAHLOG is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does MAHLOG's PS Ratio compare vs other companies in the IN Logistics Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
ALLCARGO Allcargo Logistics
0.2x2.35%US$355.52m
MAHESHWARI Maheshwari Logistics
0.2xn/aUS$19.16m
TOTAL Total Transport Systems
0.2xn/aUS$12.88m
KLL Kaushalya Logistics
0.09xn/aUS$12.44m
MAHLOG 0.6xIndustry Avg. 0.8xNo. of Companies9PS00.81.62.43.24+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MAHLOG is good value based on its Price-To-Sales Ratio (0.6x) compared to the Indian Logistics industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is MAHLOG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAHLOG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: MAHLOG is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MAHLOG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹352.60
₹385.70
+9.39%
20.50%₹560.00₹279.00n/a10
Sep ’26₹316.45
₹385.70
+21.88%
20.50%₹560.00₹279.00n/a10
Aug ’26₹327.45
₹385.70
+17.79%
20.50%₹560.00₹279.00n/a10
Jul ’26₹345.65
₹354.60
+2.59%
23.13%₹560.00₹279.00n/a10
Jun ’26₹319.35
₹354.60
+11.04%
23.13%₹560.00₹279.00n/a10
May ’26₹302.75
₹353.27
+16.69%
22.16%₹560.00₹279.00n/a11
Apr ’26₹266.25
₹381.18
+43.17%
21.00%₹560.00₹279.00n/a11
Mar ’26₹248.30
₹385.45
+55.24%
19.62%₹560.00₹300.00n/a11
Feb ’26₹370.80
₹385.45
+3.95%
19.62%₹560.00₹300.00n/a11
Jan ’26₹384.10
₹447.18
+16.42%
19.20%₹584.00₹300.00n/a11
Dec ’25₹382.90
₹447.18
+16.79%
19.20%₹584.00₹300.00n/a11
Nov ’25₹417.30
₹447.18
+7.16%
19.20%₹584.00₹300.00n/a11
Oct ’25₹484.10
₹480.91
-0.66%
18.92%₹632.00₹330.00₹348.2011
Sep ’25₹498.10
₹491.17
-1.39%
19.04%₹632.00₹330.00₹316.4512
Aug ’25₹509.60
₹491.17
-3.62%
19.04%₹632.00₹330.00₹327.4512
Jul ’25₹537.90
₹469.27
-12.76%
18.65%₹615.00₹330.00₹345.6511
Jun ’25₹432.10
₹469.27
+8.60%
18.65%₹615.00₹330.00₹319.3511
May ’25₹471.30
₹464.83
-1.37%
18.05%₹615.00₹330.00₹302.7512
Apr ’25₹426.30
₹435.91
+2.25%
19.49%₹604.00₹300.00₹266.2511
Mar ’25₹436.90
₹435.91
-0.23%
19.49%₹604.00₹300.00₹248.3011
Feb ’25₹412.85
₹435.91
+5.59%
19.49%₹604.00₹300.00₹370.8011
Jan ’25₹391.40
₹413.45
+5.63%
21.45%₹656.00₹315.00₹384.1011
Dec ’24₹361.75
₹389.20
+7.59%
12.01%₹455.00₹315.00₹382.9010
Nov ’24₹352.05
₹391.09
+11.09%
11.49%₹455.00₹315.00₹417.3011
Oct ’24₹387.75
₹410.73
+5.93%
10.88%₹488.00₹325.00₹484.1011
₹385.7
Fair Value
8.6% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 20:47
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mahindra Logistics Limited is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mukesh SarafAvendus Spark
Vijayaraghavan SwaminathanAvendus Spark
Sumit KishoreAxis Capital Limited