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Prices as of 8 Oct 2026 close · Not investment advice

Maheshwari Logistics Limited

NSE: MAHESHWARIDiversified

Share price

₹70.72

-0.67% close of 8 Oct 2026

Market cap ₹212 CrP/E 13.5

Business score

How strong the business is, in one number. The parts behind it are in Pro.

47

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹212 Cr

P/E ratio

13.5

P/B ratio

1.0

ROCE

12.0%

ROE

7.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹74.9652-week low ₹39.69

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 10.0% over the past year, and 4.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 4.5% to 6.4% over the last four years.

Whether it grew faster than its sector

It grew 4.7% a year against a sector median of 8.6% — 3.9 percentage points slower.

Room to re-rate, or risk of de-rating

At 13.5× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 10.9×, across 5 companies. It is against its own five-year median of 14.0×, the 43rd percentile of its own range.

Whether growth justifies the valuation

Priced at 2.7 times its growth rate, on earnings growth of 5%.

Profit growthPrice per ₹1 profitPer 1% growth
Maheshwari Logistics Limited — this one5%/yr13.5×₹2.7
DCM Shriram Limited-1%/yr10.8×—
Balmer Lawrie & Company Limited17%/yr9.5×₹0.56
TTK Healthcare Limited-52%/yr19.1×—
Empire Industries Limited15%/yr10.9×₹0.73
3M India Limited9%/yr57.2×₹6.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified), it ranks 4 of 7 on returns, 6 of 7 on growth, 6 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 12% on capital, ahead of 43% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹136 crore of cash from the business but spent ₹155 crore on plant and equipment, ₹19 crore more than it made, paid from its own cash and investments. And the profit is real: of every 100 rupees it reported over 9 years, about 213 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 31 days for its cash to waiting 21 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹249 Cr

Revenue vs last year

-7.1%

Revenue vs last quarter

-15.3%

Net profit

₹3 Cr

Profit vs last year

-23.9%

Profit vs last quarter

-37.2%

Net margin

1.3%

EPS

₹1.11

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹212 Cr
Prev close
₹70.72
52w High
₹76.8
52w Low
₹39.0
Enterprise value
₹479 Cr
Beta
0.4
Price CAGR 1y
26.0%
Price CAGR 3y
-5.0%
Price CAGR 5y
-7.0%
Price CAGR 10y
—

Ratios

Return on assets
2.6%
PEG ratio
2.7
P/E ratio
13.5
P/B ratio
1.0
EV / EBITDA
6.9
Industry P/E
13.3
ROCE
12.0%
ROCE 5y average
12.4%
ROE
7.5%
Debt / Equity
1.3
Interest coverage
1.7
Dividend yield
0.0%
ROE 3y average
8.0%
ROE last year
7.0%

Annual P&L

Annual revenue
₹1,109 Cr
Annual profit
₹17 Cr
Operating margin
6.0%
Net profit margin
1.5%
EBITDA margin
6.3%
Sales growth 3y
-1.1%
Sales growth 5y
10.5%
Profit growth 3y
5.0%
Profit growth 5y
11.0%
EPS
₹5.7
Sales growth TTM
10.0%
Profit growth TTM
-16.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹249 Cr
Profit latest quarter
₹3 Cr
YoY quarterly sales growth
-7.1%
YoY quarterly profit growth
-24.0%
OPM latest quarter
6.7%

Balance Sheet

Book Value
₹72.0
Face Value
₹10.0
Total debt
₹276 Cr
Total cash
₹8 Cr
Borrowings
₹276 Cr
Reserves / Equity
6.2

Cash Flow

Operating cash flow
₹24 Cr
Free cash flow
₹12 Cr
FCF yield
-10.8%
Net cash flow
-₹15 Cr

Shareholding

Promoter holding
57.3%
FII holding
—
DII holding
—
Public holding
40.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
3M India30,969.9079.234,9030.52233.1-0.41,423.219.050.0
Godrej Industrie1,021.2528.634,4010.00523.4-18.65,448.122.28.2
DCM Shriram974.2511.115,1931.17693.4445.43,564.29.311.5
Balmer Lawrie157.709.72,6975.4070.93.6748.710.014.6
TTK Healthcare1,029.0519.01,4540.9821.363.7257.613.88.0
Empire Inds.1,046.0011.26282.3914.247.3183.610.117.9
Maheshwari Logi.71.2013.42110.003.3-24.8249.0-7.111.9
Panth Infinity10.261.1570.0014.0308.459.377.532.9
Median1,021.2513.42,6970.9870.93.6748.710.111.9

Competes with: 3M India Limited, Balmer Lawrie & Company Limited, DCM Shriram Limited, Dhunseri Ventures Limited, Empire Industries Limited, Godrej Industries Limited, TTK Healthcare Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales271240277261250229235259268275273294249
Expenses258225264247236213216240250259255276232
Material Cost386260425740
Change in Inventories-7.81-1.74-0.05-9.77-0.877.79
Purchases of Stock-in-Trade182156163173191155
Employee Cost5.445.015.296.355.535.34
Other Expenses222930432325
Operating Profit14141313141620191817181817
OPM %5.016.014.665.125.766.948.317.256.636.046.546.196.67
Other Income0.640.521.781.030.821.52-0.132.701.152.470.701.380.99
Exceptional items (within Other Income)000000
Interest6.596.256.998.177.797.769.287.678.838.688.219.358.39
Depreciation2.772.792.943.483.553.914.394.183.844.504.644.474.35
Profit before tax4.885.874.752.723.885.725.769.626.265.905.705.754.87
Tax %352835-196.443155153133388.5232
Net Profit3.154.233.113.263.623.972.618.224.343.993.525.263.30
EPS in Rs1.031.330.991.111.251.350.912.631.471.341.291.591.11
Diluted EPS in Rs2.631.471.341.291.591.11

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8671,0357586731,0331,1471,0489741,1101,091
Expenses8329887076309811,0979939031,0381,022
Material Cost198221
Change in Inventories7.45-12
Purchases of Stock-in-Trade559683
Employee Cost2022
Other Expenses119126
Operating Profit35465144525054697069
OPM %4.104.507654.405766
Other Income3322324466
Exceptional items (within Other Income)00
Interest13182220192328333535
Depreciation781213121212161718
Profit before tax18232013241818252422
Tax %353527282826252628
Net Profit1215159171314181716
EPS in Rs3.945.094.973.145.794.554.656.135.695.33
Diluted EPS in Rs6.135.74
Dividend Payout %131201600000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
11%
3 years
-1%
TTM
10%

Compounded profit growth

10 years
—
5 years
11%
3 years
5%
TTM
-16%

Stock price CAGR

10 years
—
5 years
-7%
3 years
-5%
1 year
26%

Return on equity

10 years
—
5 years
9%
3 years
8%
Last year
7%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151515303030303030
Reserves88102115109125137151169186
Borrowings130142147141177207248269276
Other Liabilities107114848897106118145157
Minority Interest2.142.40
Total Liabilities340373361368429479547613648
Fixed Assets6473117109110107149162186
CWIP53815153728300
Investments000004422
Other Assets271262242254304332366420460
Total Assets340373361368429479547613648

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0633147113865724
Cash from Investing Activity0-49-20-6-37-31-43-26-10
Cash from Financing Activity0-10-13-2815-723-11-28
Net Cash Flow04-213-110-1421-15
Free Cash Flow0141241-277-382613

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days684456654745515862
Inventory Days383346614044607374
Days Payable546049523432395349
Cash Conversion Cycle511754745357717886
Working Capital Days32729413125281621
ROCE %1716121412111312

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters575757575757575757575757
Public414142424242424242424141
Others00001.231.231.231.231.791.791.871.87
No. of Shareholders12,75713,45213,12612,83013,27413,39112,95912,78012,45212,10011,83610,768

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +24.5% (₹56.80 → ₹70.72)Brick size ₹2.56 (fixed)Bricks 23
₹50.00₹60.00₹70.72Jan '26Apr '26Jun '26
Price moved up one brickPrice moved down one brickLast close ₹70.72 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

266inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

9.39cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Maheshwari Logistics Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Commercial vehicles, tyres and spare parts (Mahindra Truck & Bus dealership)
  • Non-coking coal
  • Petroleum coke
  • Waste paper

Depends on the price of

  • coal
  • diesel
  • fuel
  • paper_pulp

Sells products of

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Diversified
Industry
Diversified
Classification
Diversified › Diversified
ISIN
INE263W01010

Business segments

  • Trading Segment · 59%
  • Manufacturing Kraft Paper · 29%
  • Transportation & Port Service · 12%

Plants

  • Ambheti kraft paper mill

News impact

Big market events that reach Maheshwari Logistics Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 Sep 2022unspecified₹0.5
22 Sep 2021unspecified₹0.5
13 Oct 2020bonus₹0
5 Sep 2019unspecified₹1.2

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 2, delete 0, insert 6), 2019-01-03..2026-02-01 (docs/flat_day_repair.md)1× · 3 Jan 2019

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.