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 40,235 - -
Change - -29.68% 15.49% -35.93% 75% 21.84% - -
Enterprise Value (EV) 1 37,779 31,908 36,542 26,700 36,292 44,340 44,670 44,473
Change - -15.54% 14.53% -26.93% 35.93% 22.17% 0.74% -0.44%
P/E 98.2x 97.3x -53.8x -52.6x 1,331x 35.4x 24.1x 19.2x
PBR 6.14x 4.54x 5.98x 4.31x 2.81x 3.27x 2.93x -
PEG - -3.3x 0x 1.5x -13x 0x 0.5x 0.8x
Capitalization / Revenue 0.89x 0.5x 0.53x 0.31x 0.47x 0.49x 0.44x 0.39x
EV / Revenue 0.93x 0.62x 0.66x 0.44x 0.52x 0.54x 0.48x 0.43x
EV / EBITDA 19.1x 12.3x 16x 9.4x 9.64x 8.85x 7.46x 6.29x
EV / EBIT 59.8x 45.4x 182x 46.3x 36.8x 21.7x 16x 12.4x
EV / FCF 40.2x 66x 23.4x 16.5x 31.7x 13.3x 11.6x 8.96x
FCF Yield 2.49% 1.52% 4.27% 6.08% 3.16% 7.53% 8.65% 11.2%
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 2 504.60 354.30 408.85 261.60 332.80 405.50 405.50 405.50
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.($)
35.38x0.54x8.85x0.62% 421M
26.69x8.44x16.5x0.77% 82.21B
21.55x6.96x14.28x2.09% 76.56B
44.01x3.04x18.06x-.--% 24.71B
24.51x1.01x17.3x1.69% 17.36B
40.68x1.68x10.55x1.1% 11.79B
18.75x1.33x6.08x1.36% 10.12B
34.59x1.05x9.04x1.09% 6.33B
16.67x3.38x6.1x1.18% 4.85B
Average 29.20x 3.05x 11.86x 1.1% 26.04B
Weighted average by Cap. 27.06x 5.87x 14.82x 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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