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Buy Mahindra Logistics; target of Rs 550: ICICI Direct

ICICI Direct is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 550 in its research report dated August 02, 2022.

August 04, 2022 / 05:14 PM IST
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ICICI Direct's research report on Mahindra Logistics


Mahindra Logistics is an end-to-end 3PL logistics solution provider, from performing milk run to in-factory logistics, warehousing to first mile and last mile logistics. Serves over 400 customers via its two business segment: supply chain management [(SCM), 96% of revenues] and enterprise mobility • Revenues from Mahindra comprise 52% of SCM revenues (FY21) while the rest is contributed by non-Mahindra.


Outlook


We maintain BUY due to long-term growth drivers in MLL. We value the stock at Rs 550 i.e. 37x P/E on FY24E EPS.


For all recommendations report, click here

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Mahindra Logistics - 020822 - ic

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first published: Aug 4, 2022 05:14 pm
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