BSE 1000 stock to buy today: BSE 1000 company, Mahindra Logistics Limited, is in focus today as the brokerage firm, Elara Capital, is bullish on the logistics solution provider.
Mahindra Logistics on April 21, 2026, reported a 67 per cent year-on-year jump in standalone profit after tax (PAT) to Rs 13.12 crore in three months to March over the same period last year. The standalone PAT for the March quarter of 2023-24 was recorded at Rs 7.86 crore, Mahindra Logistics Ltd said in a statement. Here’s why the brokerage is bullish.
The brokerage firm, Elara Capital, maintains a buy rating with a target price of Rs 495. Here’s why:
1. Company transitioning from the turnaround phase to a profitability-driven compounding story after two loss-making years.
2. Return to profitability in FY26 confirmed; deal win rates nearly doubled to 31-32% from 15-16% historically through the exit of loss-making customers and stricter return thresholds.
3. Revenue CAGR of around 15% and EBITDA CAGR of around 26% expected over FY26-29; margins to expand from 5.4% to 7%.
5. Express business approaching break-even; Q4FY26 revenue up 49% year on year; gross margin improved to 4.8%.
6. Balance sheet deleveraging significant; borrowings down from INR 4.2bn in FY25 to INR 0.4bn in FY26.
7. Profit after tax expected to grow from INR 97mn in FY26 to INR 2.68bn by FY29; return on capital employed to expand from 8% to 20%
8. Valued at 27x FY28 estimated EPS.
Mahindra Logistics on April 23 reported a 67 per cent year-on-year jump in standalone profit after tax (PAT) to Rs 13.12 crore in three months to March over the same period last year. The standalone PAT for the March quarter of 2023-24 was recorded at Rs 7.86 crore, Mahindra Logistics Ltd said in a statement.
Standalone revenue for the quarter under review stood at Rs 1,293 crore, compared with Rs 1,183 crore in the March quarter of FY 24.
For the full fiscal 2024-25, standalone PAT declined 30 per cent to Rs 43.50 crore from Rs 61.98 crore in FY24, while revenue for the April-March period of last fiscal stood at Rs 5,013 crore from Rs 4,530 crore, a growth of 10 per cent year-on-year, in the same period year-ago, the company said.
“During the quarter, we saw a positive trend of revenue growth, with YoY growth of 8 per cent driven by growth in 3PL logistics, contract logistics and Express. For the full year, revenue grew by 11 per cent, driven by account additions, new offerings and new launches,” said Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd.
At the time of writing this report (10:15 AM), the shares of Mahindra Logistics Ltd were trading 1.61 per cent higher at Rs 376.10, compared to the previous closing price of Rs 370.15.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
