Mahindra Logistics Limited (MAHLOG) - Net Assets

Latest as of March 2026: Rs11.99 Billion INR ≈ $129.70 Million USD

Based on the latest financial reports, Mahindra Logistics Limited (MAHLOG) has net assets worth Rs11.99 Billion INR (≈ $129.70 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 (Rs31.08 Billion ≈ $336.12 Million USD) and total liabilities (Rs19.09 Billion ≈ $206.43 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 Mahindra Logistics Limited (MAHLOG) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs11.99 Billion
% of Total Assets	38.59%
Annual Growth Rate	22.48%
5-Year Change	119.34%
10-Year Change	240.27%
Growth Volatility	49.96

Mahindra Logistics Limited - Net Assets Trend (2013–2026)

This chart illustrates how Mahindra Logistics Limited's net assets have evolved over time, based on quarterly financial data. See MAHLOG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Mahindra Logistics Limited (2013–2026)

The table below shows the annual net assets of Mahindra Logistics Limited from 2013 to 2026. For live valuation and market cap data, see Mahindra Logistics Limited stock valuation.

Year	Net Assets	Change
2026-03-31	Rs11.99 Billion ≈ $129.70 Million	+164.02%
2025-03-31	Rs4.54 Billion ≈ $49.12 Million	-9.92%
2024-03-31	Rs5.04 Billion ≈ $54.53 Million	-10.01%
2023-03-31	Rs5.60 Billion ≈ $60.59 Million	+2.48%
2022-03-31	Rs5.47 Billion ≈ $59.13 Million	-4.22%
2021-03-31	Rs5.71 Billion ≈ $61.73 Million	+3.77%
2020-03-31	Rs5.50 Billion ≈ $59.49 Million	+9.16%
2019-03-31	Rs5.04 Billion ≈ $54.50 Million	+18.14%
2018-03-31	Rs4.27 Billion ≈ $46.13 Million	+21.03%
2017-03-31	Rs3.52 Billion ≈ $38.12 Million	+15.66%
2016-03-31	Rs3.05 Billion ≈ $32.96 Million	+13.64%
2015-03-31	Rs2.68 Billion ≈ $29.00 Million	+115.65%
2014-03-31	Rs1.24 Billion ≈ $13.45 Million	+44.70%
2013-03-31	Rs859.30 Million ≈ $9.29 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mahindra 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	Rs992.20 Million	8.45%
Other Components	Rs10.76 Billion	91.55%
Total Equity	Rs11.75 Billion	100.00%

Mahindra Logistics Limited Competitors by Market Cap

The table below lists competitors of Mahindra Logistics Limited ranked by their market capitalization.

Company	Market Cap
Miwon Commerci KO:002840	$380.63 Million
Ample Electronic Technology Co Ltd TWO:4760	$380.65 Million
CARYSIL LIMITED NSE:CARYSIL	$380.74 Million
Hanssem KO:009240	$380.81 Million
Sonmez Pamuklu Sanayii AS IS:SNPAM	$380.28 Million
Guilin Tourism Corp Ltd SHE:000978	$380.19 Million
Adesso SE XETRA:ADN1	$380.17 Million
Gopal Snacks Ltd NSE:GOPAL	$380.00 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mahindra Logistics Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 4,378,800,000 to 11,747,800,000, a change of 7,369,000,000 (168.3%).
Net income of 22,900,000 contributed positively to equity growth.
Dividend payments of 180,300,000 reduced retained earnings.
New share issuances of 7,493,100,000 increased equity.
Other comprehensive income increased equity by 230,399,999.
Other factors decreased equity by 197,099,999.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs22.90 Million	+0.19%
Dividends Paid	Rs180.30 Million	-1.53%
Share Issuances	Rs7.49 Billion	+63.78%
Other Comprehensive Income	Rs230.40 Million	+1.96%
Other Changes	Rs-197.10 Million	-1.68%
Total Change	Rs-	168.29%

Book Value vs Market Value Analysis

This analysis compares Mahindra 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: 2.76x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 29.02x to 2.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-03-31	Rs12.22	Rs354.55	x
2014-03-31	Rs17.68	Rs354.55	x
2015-03-31	Rs37.63	Rs354.55	x
2016-03-31	Rs42.91	Rs354.55	x
2017-03-31	Rs49.43	Rs354.55	x
2018-03-31	Rs59.23	Rs354.55	x
2019-03-31	Rs69.61	Rs354.55	x
2020-03-31	Rs75.82	Rs354.55	x
2021-03-31	Rs78.85	Rs354.55	x
2022-03-31	Rs75.72	Rs354.55	x
2023-03-31	Rs77.82	Rs354.55	x
2024-03-31	Rs68.37	Rs354.55	x
2025-03-31	Rs60.70	Rs354.55	x
2026-03-31	Rs128.25	Rs354.55	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mahindra 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): 0.19%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.03%
• Asset Turnover: 2.25x
• Equity Multiplier: 2.65x
Recent ROE (0.19%) is below the historical average (9.61%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	28.42%	1.59%	5.87x	3.04x	Rs158.32 Million
2014	29.45%	2.09%	5.23x	2.69x	Rs241.82 Million
2015	14.84%	2.03%	3.72x	1.96x	Rs127.96 Million
2016	12.11%	1.77%	3.49x	1.96x	Rs63.66 Million
2017	13.11%	1.71%	3.27x	2.35x	Rs108.23 Million
2018	15.26%	1.87%	3.46x	2.35x	Rs220.50 Million
2019	17.19%	2.22%	3.20x	2.42x	Rs358.18 Million
2020	10.12%	1.59%	2.44x	2.61x	Rs6.55 Million
2021	5.28%	0.92%	1.94x	2.96x	Rs-268.06 Million
2022	3.21%	0.43%	2.09x	3.61x	Rs-370.88 Million
2023	4.68%	0.51%	2.01x	4.55x	Rs-298.87 Million
2024	-11.12%	-0.99%	2.22x	5.03x	Rs-1.04 Billion
2025	-8.19%	-0.59%	2.37x	5.89x	Rs-796.38 Million
2026	0.19%	0.03%	2.25x	2.65x	Rs-1.15 Billion

Industry Comparison

This section compares Mahindra 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: $14,237,166,689
Average return on equity (ROE) among peers: 4.62%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mahindra Logistics Limited (MAHLOG)	Rs11.99 Billion	28.42%	1.59x	$380.45 Million
Accuracy Shipping Limited (ACCURACY)	$1.21 Billion	3.85%	1.61x	$9.05 Million
Allcargo Terminals Ltd (ATL)	$-62.07K	0.00%	0.00x	$66.92 Million
Blue Dart Express Limited (BLUEDART)	$4.53 Billion	13.47%	0.28x	$1.25 Billion
Delhivery Limited (DELHIVERY)	$94.32 Billion	1.72%	0.28x	$3.72 Billion
Future Supply Chain Solutions Limited (FSC)	$5.58 Billion	-33.04%	2.20x	$1.31 Million
Gateway Distriparks Limited (GATEWAY)	$12.58 Billion	10.80%	0.36x	$325.67 Million
Jet Freight Logistics Limited (JETFREIGHT)	$135.84 Million	28.62%	3.28x	$11.26 Million
Maheshwari Logistics Limited (MAHESHWARI)	$1.81 Billion	7.59%	2.02x	$23.13 Million
Navkar Corporation Limited (NAVKARCORP)	$7.97 Billion	8.59%	0.70x	$169.68 Million

About Mahindra Logistics Limited

NSE:MAHLOG India Integrated Freight & Logistics

Market Cap

$380.45 Million

Rs35.18 Billion INR

Market Cap Rank

#13817 Global

#684 in India

Share Price

Rs354.55

Change (1 day)

+2.77%

52-Week Range

Rs279.55 - Rs442.70

All Time High

Rs787.27