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Maheshwari Logistics (MAHESHWARI)₹65.44−4.56%Diversified
In the Jun 2026 quarter (consolidated), Maheshwari Logistics reported sales of ₹250 Cr, down 7.0% from Jun 2025, and net profit of ₹3.31 Cr, down 23.9% year on year. For the year to Mar 2026, sales were ₹1,113 Cr and net profit ₹17.02 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 240 | 277 | 262 | 251 | 229 | 236 | 260 | 269 | 276 | 274 | 295 | 250 |
| Expenses | 225 | 264 | 247 | 235 | 213 | 216 | 240 | 250 | 258 | 255 | 276 | 232 |
| Operating Profit | 14.40 | 12.91 | 13.36 | 14.43 | 15.89 | 19.59 | 18.79 | 17.79 | 16.63 | 17.88 | 18.20 | 16.64 |
| OPM % | 6.0% | 4.7% | 5.1% | 5.7% | 6.9% | 8.3% | 7.2% | 6.6% | 6.0% | 6.5% | 6.2% | 6.7% |
| Other Income | 0.51 | 1.77 | 1.02 | 0.81 | 1.51 | −0.12 | 2.69 | 1.14 | 2.46 | 0.69 | 1.37 | 0.98 |
| Interest | 6.26 | 7.01 | 8.19 | 7.81 | 7.78 | 9.30 | 7.69 | 8.86 | 8.71 | 8.24 | 9.38 | 8.41 |
| Depreciation | 2.80 | 2.95 | 3.49 | 3.56 | 3.92 | 4.40 | 4.19 | 3.85 | 4.51 | 4.65 | 4.48 | 4.36 |
| Profit before tax | 5.86 | 4.74 | 2.71 | 3.87 | 5.73 | 5.75 | 9.61 | 6.27 | 5.89 | 5.71 | 5.74 | 4.86 |
| Tax % | 27.9% | 34.5% | −19.5% | 6.4% | 30.6% | 54.7% | 14.7% | 30.6% | 32.5% | 38.4% | 8.5% | 32.2% |
| Net Profit | 4.24 | 3.12 | 3.27 | 3.63 | 3.98 | 2.62 | 8.23 | 4.35 | 4.00 | 3.53 | 5.27 | 3.31 |
| EPS (Rs) | 1.32 | 0.98 | 1.10 | 1.24 | 1.34 | 0.90 | 2.62 | 1.46 | 1.33 | 1.28 | 1.58 | 1.10 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 869 | 1,037 | 760 | 675 | 1,036 | 1,150 | 1,051 | 975 | 1,113 | 1,094 |
| Expenses | 832 | 987 | 706 | 630 | 980 | 1,097 | 992 | 902 | 1,039 | 1,021 |
| Operating Profit | 35.04 | 46.06 | 51.10 | 44.06 | 52.10 | 50.08 | 54.08 | 69.07 | 70.04 | 69.35 |
| OPM % | 4.1% | 4.5% | 7.0% | 6.0% | 5.0% | 4.4% | 5.0% | 7.0% | 6.0% | 6.3% |
| Other Income | 2.99 | 2.99 | 1.99 | 1.99 | 2.99 | 1.99 | 3.98 | 4.98 | 5.98 | 5.50 |
| Interest | 13.04 | 18.05 | 22.06 | 20.05 | 19.05 | 23.06 | 28.06 | 33.06 | 35.10 | 34.74 |
| Depreciation | 7.01 | 8.01 | 12.01 | 13.01 | 12.01 | 11.99 | 12.01 | 16.01 | 17.01 | 18.00 |
| Profit before tax | 17.99 | 22.99 | 20.01 | 12.99 | 24.01 | 17.99 | 17.99 | 24.99 | 23.99 | 22.20 |
| Tax % | 35.0% | 35.0% | 27.0% | 28.0% | 28.0% | 26.0% | 25.0% | 26.0% | 28.0% | — |
| Exceptional items | 0.00 | 0.53 | 0.05 | 0.11 | 0.03 | 0.11 | 0.68 | 0.02 | 0.00 | — |
| Net Profit | 12.01 | 15.03 | 15.03 | 9.01 | 17.01 | 13.02 | 14.03 | 18.02 | 17.02 | 16.11 |
| EPS (Rs) | 3.93 | 5.08 | 4.96 | 3.13 | 5.77 | 4.54 | 4.64 | 6.20 | 5.68 | 5.29 |
| Dividend payout % | 13.1% | 12.1% | 0.0% | 16.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.98 | 14.99 | 14.98 | 29.93 | 29.96 | 29.95 | 29.96 | 29.96 | 29.98 |
| Reserves | 87.87 | 102 | 115 | 109 | 125 | 137 | 151 | 169 | 186 |
| Borrowings | 130 | 143 | 148 | 141 | 178 | 208 | 249 | 270 | 277 |
| Other Liabilities | 106 | 114 | 83.87 | 87.58 | 96.57 | 105 | 117 | 144 | 156 |
| Total Liabilities | 340 | 373 | 361 | 368 | 429 | 479 | 547 | 613 | 648 |
| Fixed Assets | 64.22 | 73.24 | 117 | 109 | 110 | 107 | 149 | 163 | 188 |
| CWIP | 5.02 | 38.17 | 1.01 | 5.02 | 15.06 | 37.12 | 28.11 | 30.11 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.01 | 4.01 | 2.01 | 2.01 |
| Other Assets | 270 | 262 | 242 | 254 | 304 | 332 | 365 | 419 | 459 |
| Inventories | 58.84 | 47.89 | 62.88 | 79.87 | 88.78 | 111 | 135 | 152 | 175 |
| Trade receivables | 162 | 124 | 116 | 120 | 134 | 142 | 146 | 155 | 187 |
| Cash & equivalents | 12.96 | 15.93 | 14.94 | 26.89 | 15.93 | 15.95 | 1.99 | 22.89 | 7.97 |
| Total Assets | 340 | 373 | 361 | 368 | 429 | 479 | 547 | 613 | 648 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 62.78 | 30.91 | 46.85 | 10.97 | 37.87 | 5.98 | 56.86 | 23.92 |
| Cash from investing activity | −49.17 | −20.05 | −6.02 | −37.13 | −31.12 | −43.16 | −26.09 | −10.03 |
| Cash from financing activity | −10.01 | −12.99 | −28.01 | 14.99 | −6.99 | 22.99 | −11.01 | −28.01 |
| Net cash flow | 4.01 | −2.01 | 13.03 | −11.02 | 0.00 | −14.02 | 21.03 | −15.02 |
| Capex | 50.40 | 20.00 | 7.31 | 37.86 | 13.47 | 44.99 | 29.32 | 44.16 |
| Free cash flow | 14.06 | 12.05 | 41.19 | −27.09 | 7.03 | −38.13 | 26.09 | 12.05 |
| CFO / OP % | 148.9% | 67.9% | 114.9% | 34.9% | 83.9% | 17.9% | 90.9% | 47.0% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 68 | 44 | 56 | 65 | 47 | 45 | 51 | 58 | 61 |
| Inventory days | 38 | 33 | 46 | 61 | 40 | 44 | 60 | 73 | 72 |
| Days payable | 54 | 60 | 49 | 52 | 34 | 32 | 39 | 54 | 48 |
| Cash conversion cycle | 50 | 16 | 53 | 73 | 52 | 56 | 70 | 77 | 84 |
| Working capital days | 32 | 7 | 29 | 41 | 31 | 25 | 28 | 16 | 21 |
| ROCE % | — | 17.1% | 16.0% | 12.1% | 14.1% | 12.0% | 11.0% | 13.0% | 12.1% |
For the Jun 2026 quarter, Maheshwari Logistics reported sales of ₹250 Cr, down 7.0% year on year and net profit of ₹3.31 Cr, down 23.9% year on year. The operating margin was 6.7%.
Maheshwari Logistics' sales for the year to Mar 2026 were ₹1,113 Cr; over the last twelve months they were ₹1,094 Cr.
Net profit for the year to Mar 2026 was ₹17.02 Cr, and ₹16.11 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.29.
Maheshwari Logistics reported borrowings of ₹277 Cr at Mar 2026, against cash and equivalents of ₹7.97 Cr.
Cash from operations was ₹23.92 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹12.05 Cr.