Maheshwari Logistics Limited (MAHESHWARI) - Net Assets
Based on the latest financial reports, Maheshwari Logistics Limited (MAHESHWARI) has net assets worth Rs2.18 Billion INR (≈ $23.61 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.48 Billion ≈ $70.11 Million USD) and total liabilities (Rs4.30 Billion ≈ $46.50 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of Maheshwari Logistics Limited to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.18 Billion |
| % of Total Assets | 33.67% |
| Annual Growth Rate | 16.94% |
| 5-Year Change | 41.26% |
| 10-Year Change | 136.95% |
| Growth Volatility | 12.86 |
Maheshwari Logistics Limited - Net Assets Trend (2012–2026)
This chart illustrates how Maheshwari Logistics Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Maheshwari Logistics Limited market cap and net worth.
Annual Net Assets for Maheshwari Logistics Limited (2012–2026)
The table below shows the annual net assets of Maheshwari Logistics Limited from 2012 to 2026. Also explore net asset growth rate of Maheshwari Logistics Limited to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs2.18 Billion ≈ $23.61 Million |
+8.58% |
| 2025-03-31 | Rs2.01 Billion ≈ $21.74 Million |
+10.99% |
| 2024-03-31 | Rs1.81 Billion ≈ $19.59 Million |
+8.46% |
| 2023-03-31 | Rs1.67 Billion ≈ $18.06 Million |
+8.07% |
| 2022-03-31 | Rs1.55 Billion ≈ $16.71 Million |
+11.35% |
| 2021-03-31 | Rs1.39 Billion ≈ $15.01 Million |
+7.21% |
| 2020-03-31 | Rs1.29 Billion ≈ $14.00 Million |
+10.83% |
| 2019-03-31 | Rs1.17 Billion ≈ $12.63 Million |
+13.53% |
| 2018-03-31 | Rs1.03 Billion ≈ $11.13 Million |
+11.68% |
| 2017-03-31 | Rs921.21 Million ≈ $9.96 Million |
+56.38% |
| 2016-03-31 | Rs589.08 Million ≈ $6.37 Million |
+23.65% |
| 2015-03-31 | Rs476.42 Million ≈ $5.15 Million |
+25.13% |
| 2014-03-31 | Rs380.75 Million ≈ $4.12 Million |
+19.25% |
| 2013-03-31 | Rs319.29 Million ≈ $3.45 Million |
+30.72% |
| 2012-03-31 | Rs244.26 Million ≈ $2.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Maheshwari Logistics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs295.97 Million | 13.71% |
| Other Components | Rs1.86 Billion | 86.29% |
| Total Equity | Rs2.16 Billion | 100.00% |
Maheshwari Logistics Limited Competitors by Market Cap
The table below lists competitors of Maheshwari Logistics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brill Shoe Industries Ltd
TA:BRIL
|
$22.00 Million |
|
Mgenplus Co. Ltd.
KQ:032790
|
$22.01 Million |
|
Accent Resources NL
AU:ACS
|
$22.03 Million |
|
Associated Industries China Inc
TW:9912
|
$22.03 Million |
|
Ausom Enterprise Limited
NSE:AUSOMENT
|
$21.99 Million |
|
Garda Tujuh Buana Tbk
JK:GTBO
|
$21.97 Million |
|
Skin n Skin Co. Ltd
KQ:159910
|
$21.96 Million |
|
Obducat AB (publ)
F:OBD
|
$21.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maheshwari Logistics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,988,936,000 to 2,158,841,000, a change of 169,905,000 (8.5%).
- Net income of 168,390,000 contributed positively to equity growth.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs168.39 Million | +7.8% |
| Other Changes | Rs1.51 Million | +0.07% |
| Total Change | Rs- | 8.54% |
Book Value vs Market Value Analysis
This analysis compares Maheshwari Logistics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 8.48x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs8.25 | Rs70.00 | x |
| 2013-03-31 | Rs10.79 | Rs70.00 | x |
| 2014-03-31 | Rs12.86 | Rs70.00 | x |
| 2015-03-31 | Rs16.10 | Rs70.00 | x |
| 2016-03-31 | Rs19.90 | Rs70.00 | x |
| 2017-03-31 | Rs31.12 | Rs70.00 | x |
| 2018-03-31 | Rs34.76 | Rs70.00 | x |
| 2019-03-31 | Rs39.46 | Rs70.00 | x |
| 2020-03-31 | Rs43.73 | Rs70.00 | x |
| 2021-03-31 | Rs46.88 | Rs70.00 | x |
| 2022-03-31 | Rs52.23 | Rs70.00 | x |
| 2023-03-31 | Rs56.28 | Rs70.00 | x |
| 2024-03-31 | Rs60.87 | Rs70.00 | x |
| 2025-03-31 | Rs67.55 | Rs70.00 | x |
| 2026-03-31 | Rs72.95 | Rs70.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maheshwari Logistics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.52%
- • Asset Turnover: 1.71x
- • Equity Multiplier: 3.00x
- Recent ROE (7.80%) is below the historical average (10.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 5.63% | 0.42% | 3.47x | 3.86x | Rs-10.69 Million |
| 2013 | 13.37% | 1.26% | 2.84x | 3.74x | Rs10.78 Million |
| 2014 | 13.57% | 1.25% | 2.72x | 4.00x | Rs13.60 Million |
| 2015 | 12.27% | 1.10% | 3.19x | 3.51x | Rs10.79 Million |
| 2016 | 12.41% | 1.22% | 2.76x | 3.70x | Rs14.22 Million |
| 2017 | 10.55% | 1.32% | 2.16x | 3.71x | Rs5.08 Million |
| 2018 | 11.32% | 1.34% | 2.56x | 3.31x | Rs13.60 Million |
| 2019 | 12.91% | 1.45% | 2.78x | 3.19x | Rs33.98 Million |
| 2020 | 11.36% | 1.93% | 2.10x | 2.79x | Rs17.57 Million |
| 2021 | 6.69% | 1.37% | 1.84x | 2.65x | Rs-45.89 Million |
| 2022 | 11.09% | 1.66% | 2.41x | 2.77x | Rs16.92 Million |
| 2023 | 8.09% | 1.17% | 2.40x | 2.88x | Rs-31.74 Million |
| 2024 | 7.63% | 1.31% | 1.92x | 3.03x | Rs-42.65 Million |
| 2025 | 9.12% | 1.86% | 1.59x | 3.08x | Rs-17.46 Million |
| 2026 | 7.80% | 1.52% | 1.71x | 3.00x | Rs-47.49 Million |
Industry Comparison
This section compares Maheshwari Logistics Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $12,119,047,037
- Average return on equity (ROE) among peers: 11.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maheshwari Logistics Limited (MAHESHWARI) | Rs2.18 Billion | 5.63% | 1.97x | $21.99 Million |
| Accuracy Shipping Limited (ACCURACY) | $13.46 Million | 19.94% | 2.87x | $7.57 Million |
| Allcargo Terminals Ltd (ATL) | $154.47 Million | 19.84% | 11.16x | $66.79 Million |
| Blue Dart Express Limited (BLUEDART) | $15.59 Billion | 16.19% | 1.35x | $1.23 Billion |
| Delhivery Limited (DELHIVERY) | $59.80 Billion | 0.00% | 0.41x | $3.45 Billion |
| Future Supply Chain Solutions Limited (FSC) | $2.18 Billion | 11.32% | 0.78x | $1.31 Million |
| Gateway Distriparks Limited (GATEWAY) | $7.27 Billion | 11.05% | 0.49x | $285.03 Million |
| Jet Freight Logistics Limited (JETFREIGHT) | $59.46 Million | 12.24% | 4.96x | $9.75 Million |
| Mahindra Logistics Limited (MAHLOG) | $4.27 Billion | 15.01% | 1.31x | $418.01 Million |
| Navkar Corporation Limited (NAVKARCORP) | $19.75 Billion | -0.09% | 0.13x | $142.53 Million |
About Maheshwari Logistics Limited
Maheshwari Logistics Limited, together with its subsidiaries, provides logistics services in India. The company operates through four segments: Trade Division, Coal Division, Paper Division, and Waste Division. It is involved in trading and import of coal; dealing in petcoke and diesel; supplying non-cooking coal; collecting wastepaper products; manufacturing of recycled kraft paper; and trading … Read more