Company Valuation: Mahindra Logistics Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 36,266 25,501 29,452 18,870 33,021 40,815 - -
Change - -29.68% 15.49% -35.93% 75% 23.6% - -
Enterprise Value (EV) 1 37,779 31,908 36,542 26,700 36,292 44,920 45,250 45,053
Change - -15.54% 14.53% -26.93% 35.93% 23.77% 0.73% -0.44%
P/E 98.2x 97.3x -53.8x -52.6x 1,331x 35.1x 23.9x 19.1x
PBR 6.14x 4.54x 5.98x 4.31x 2.81x 3.25x 2.91x -
PEG - -3.3x 0x 1.5x -13x 0x 0.5x 0.8x
Capitalization / Revenue 0.89x 0.5x 0.53x 0.31x 0.47x 0.5x 0.44x 0.4x
EV / Revenue 0.93x 0.62x 0.66x 0.44x 0.52x 0.55x 0.49x 0.44x
EV / EBITDA 19.1x 12.3x 16x 9.4x 9.64x 8.96x 7.56x 6.37x
EV / EBIT 59.8x 45.4x 182x 46.3x 36.8x 22x 16.2x 12.6x
EV / FCF 40.2x 66x 23.4x 16.5x 31.7x 13.5x 11.7x 9.08x
FCF Yield 2.49% 1.52% 4.27% 6.08% 3.16% 7.43% 8.54% 11%
Dividend per Share 2 2 2.5 2.5 2.5 2.5 2.5 2.5 -
Rate of return 0.4% 0.71% 0.61% 0.96% 0.75% 0.62% 0.62% -
EPS 2 5.14 3.64 -7.6 -4.97 0.25 11.46 16.82 21.1
Distribution rate 38.9% 68.7% -32.9% -50.3% 1,000% 21.8% 14.9% -
Net sales 1 40,830 51,283 55,060 61,048 69,993 81,637 92,222 103,126
EBITDA 1 1,977 2,598 2,290 2,840 3,765 5,011 5,988 7,076
EBIT 1 631.5 702.6 200.5 577.2 986 2,046 2,792 3,588
Net income 1 370.7 262.8 -547.4 -358.5 22.9 1,138 1,669 2,090
Net Debt 1 1,512 6,406 7,090 7,830 3,271 4,105 4,435 4,238
Reference price 2 504.60 354.30 408.85 261.60 332.80 402.70 402.70 402.70
Nbr of stocks (in thousands) 71,872 71,977 72,036 72,131 99,222 99,222 - -
Announcement Date 4/26/22 4/24/23 4/22/24 4/21/25 4/23/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.26x8.32x16.28x0.78% 80.53B
21.6x6.98x14.32x2.08% 76.51B
42.24x2.93x17.41x-.--% 23.72B
24.64x1.02x17.38x1.68% 17.45B
57.02x - - - 13.01B
39.33x1.64x10.25x1.14% 11.4B
18.63x1.32x6.06x1.37% 10.05B
34.14x1.04x8.92x1.11% 6.25B
39.86x0.67x8.01x0.35% 3.08B
Average 33.74x 2.99x 12.33x 1.06% 26.89B
Weighted average by Cap. 28.56x 5.82x 14.76x 1.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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