Buy Mahindra Logistics; target of Rs 560: ICICI Direct

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26 Aug, 2025 12:21

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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

In spite of the near to medium term challenges in the auto sector, we maintain our BUY stance due to the sharp correction in the stock price We value the stock at Rs 560 i.e. 32x P/E on FY24E EPS.

More Info on Trent

At 14:50 hrs Mahindra Logistics was quoting at Rs 428.80, up Rs 8.00, or 1.90 percent.

It has touched an intraday high of Rs 441.00 and an intraday low of Rs 410.75.

It was trading with volumes of 21,008 shares, compared to its thirty day average of 12,108 shares, an increase of 73.51 percent.

In the previous trading session, the share closed down 3.36 percent or Rs 14.65 at Rs 420.80.

The share touched its 52-week high Rs 819.15 and 52-week low Rs 405.70 on 30 August, 2021 and 14 February, 2022, respectively.

Currently, it is trading 47.65 percent below its 52-week high and 5.69 percent above its 52-week low.

Market capitalisation stands at Rs 3,081.85 crore.

For all recommendations report, click here

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