As on 31-March-2022, promoters held 58.18 per cent stake in the company, while FIIs held 20.39 per cent, DIIs 12.13 per cent.
ICICI Securities has buy Mahindra Logistics with a target price of Rs 550. The current market price of Mahindra Logistics is Rs 513.55. The analysts have given one year of time period for price to reach its target.
Mahindra Logistics Ltd. is a Mid Cap company which was incorporated in the year 2007, (having a market cap of Rs 3672.28 Crore) operating in Logistics sector. Mahindra Logistics Ltd. Major Products or Revenue segments include Services rendered for the year ended 31-March-2021. The quarter ended on 31-03-2022, the Company reported Consolidated Total Income of Rs.1078.37 Crores, and decline of 3.76% over last quarter’s Net Income of Rs.1120.50 Crores and up 10.19% over the corresponding quarter last year.
Then the Company has reported Net Profit after Tax of Rs 11.11 Crore in latest quarter.
Then the Company has reported Net Profit after Tax of Rs 11.11 Crore in latest quarter.
Mahindra Logistics (MLL) highlighted that the Supply Chain Management (SCM) segment has witnessed growth driven by auto, e-commerce, consumer and freight forwarding business. The key point of margins were impacted by slowdown in i) farm volumes, ii) decline in gross margins of the enterprise mobility segment and iii) losses in JV (2×2 logistics carriers). On the other hand, the levers for margin improvement are i) manpower costing, inflation and productivity improvement and recovery programs and ii) better utilization.
Whereas, Bajaj Project Optimization is now set to be completed in Q1FY23. MLL is focusing on enhancing its 3PL services with network services, transportation offerings including freight forwarding, B2B express business, last mile delivery and EV cargo. Technology investment to improve scalability in business also remains a management priority. The brokerage downgraded MLL to buy with an unchanged target price of Rs 550/share.
As on 31-March-2022, promoters held 58.18 per cent stake in the company, while FIIs held 20.39 per cent, DIIs 12.13 per cent.
As on 31-March-2022, promoters held 58.18 per cent stake in the company, while FIIs held 20.39 per cent, DIIs 12.13 per cent.