Maheshwari Logistics Ltd.
NSE: MAHESHWARI · Other · sector
₹70.00NSE close 2026-10-26
Key numbers
Market cap₹207 cr
Price₹70.00
52w high / low₹77 / ₹39
P/E13.1xSector median 14.4x
P/B1.0xSector median 1.7x
Book value₹72.9
Dividend yield–Sector median 0.37%
ROE7.6%Sector median 13.8%
ROCE11.6%Sector median 19.6%
OPM6.3%Sector median 10.4%
Debt / equity1.27xSector median 0.29x
EV/EBITDA6.8xSector median 8.4x
Interest cover1.6x
Current ratio1.20x
Sales growth 3y-1.1%Sector median +7.7%
Profit growth 3y+7.7%Sector median +16.6%
PEG1.65x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹275 cr (FY26): borrowings are higher by ₹266 cr.
- Borrowings rose in each of the last 3 years (₹191 cr → ₹275 cr).
- Operating profit covered interest 1.6x in the last 12 months.
- Promoter holding rose by 0.89 percentage points in a year, to 57.47% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 35% of net profit in the last 12 months.
- Debtor days went from 51 (FY24) to 61 (FY26).
- Dividend paid in 2 of the last 5 financial years.
- Price ₹70.00 on 2026-10-26: -8.9% from the 52-week high, +79.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹74.00 · low ₹41.27
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229 | 235 | 259 | 268 | 275 | 273 | 294 | 249 |
| EBITDA | 16 | 20 | 19 | 18 | 17 | 18 | 18 | 17 |
| OPM % | 6.9% | 8.3% | 7.2% | 6.6% | 6.0% | 6.5% | 6.2% | 6.7% |
| Other income | 2 | -0 | 3 | 1 | 2 | 1 | 1 | 1 |
| Net profit | 4 | 3 | 8 | 4 | 4 | 4 | 5 | 3 |
| EPS (₹) | 1.34 | 0.91 | 2.63 | 1.47 | 1.34 | 1.29 | 1.59 | 1.11 |
| Revenue YoY | +20.3% | +15.9% | +13.5% | -7.1% | ||||
| Profit YoY | +1.5% | +42.5% | -39.5% | -24.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,035 | 1,149 | 1,048 | 973 | 1,110 | 1,091 |
| EBITDA | 52 | 50 | 54 | 69 | 70 | 69 |
| Net profit | 17 | 13 | 14 | 18 | 17 | 16 |
| EPS (₹) | 5.85 | 4.56 | 4.40 | 6.13 | 5.74 | 5.33 |
| Revenue growth | +11.0% | -8.8% | -7.1% | +14.1% | +10.1% | |
| Profit growth | -21.4% | +2.0% | +31.9% | -7.2% | -15.7% | |
| Dividend / share (₹) | 0.50 | 0.50 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.1% | +10.4% | +10.0% |
| Net profit | +7.7% | +12.6% | -15.7% |
| EPS | +8.0% | +12.8% | – |
| Share price | – | +8.3% (2y) | +24.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 167 | 180 | 199 | 216 |
| Borrowings | – | 191 | 248 | 268 | 275 |
| Cash & equivalents | – | 16 | 27 | 25 | 9 |
| Total assets | – | 479 | 547 | 613 | 648 |
| Fixed assets | – | 104 | 146 | 158 | 184 |
| Capital work in progress | – | 36 | 27 | 30 | 2 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 142 | 146 | 155 | 187 |
| Inventory | – | 111 | 135 | 152 | 175 |
| Payables | – | 0 | 88 | 111 | 118 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 11 | 38 | 26 | 57 | 24 |
| Cash from investing | -37 | -31 | -43 | -26 | -10 |
| Cash from financing | 15 | -7 | 23 | -11 | -28 |
| Capex | 38 | 35 | 45 | 30 | 74 |
| Free cash flow | -27 | 3 | -19 | 27 | -50 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.1% | 7.6% | 9.1% | 7.8% |
| ROCE % | – | 11.4% | 10.8% | 12.3% | 12.0% |
| Debtor days | – | 45 | 51 | 58 | 61 |
| Inventory days | – | 43 | 59 | 73 | 72 |
| Payable days | – | 0 | 39 | 53 | 48 |
| Cash conversion cycle (days) | – | 88 | 71 | 78 | 85 |
| Working capital days | – | 32 | 30 | 37 | 24 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 57.47% |
| Public (non-institutions) | 40.66% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 57.11% | 57.14% | 57.14% | 56.58% | 56.58% | 57.15% | 57.32% | 57.47% |
| Promoter group | % |
|---|---|
| Mukta Maheshwari | 19.82% |
| Radhadevi Premnarayan Maheshwari | 11.66% |
| Vinay Premnarayan Maheshwari | 10.66% |
| Maya Texturisers Private Limited | 6.20% |
| Disha Resources Limited | 3.38% |
| Neeraj Maheshwari | 2.52% |
| Mahima Vinaykumar Maheshwari | 1.81% |
| Rachana Amit Maheshwari | 0.41% |
| Gopal LAL Kabra | 0.37% |
| Vinay Maheshwari HUF | 0.27% |
| Rama Devi Kabra | 0.21% |
| Nishita Maheshwari | 0.11% |
| Palash Maheshwari | 0.04% |
| Varun Krishnavtar Kabra | 0.00% |
| Maheshwari Infotech LLP | 0.00% |
| Public holders above 1% | % |
|---|---|
| Amit Kailashnarayan Maheshwari | 6.54% |
| Manju A Maheshwari | 2.80% |
| Disha Paper Venture Private Limited | 2.23% |
| Naveen A Maheshwari | 1.87% |
| Vapi Organic Chemicals PVT Ltd | 1.45% |
| Dineshkumar Sheshnarayan Maheshwari | 1.25% |
9,972 shareholders. Pledged: – of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| MAHESHWARI | ₹207 cr | 13.1x | 1.0x | 7.6% | 11.6% | 6.3% | -1.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Trading Segment | ₹683 cr | 59.2% | ₹20 cr | 2.9% |
| Manufacturing Kraft Paper | ₹338 cr | 29.3% | ₹36 cr | 10.7% |
| Transportation & Port Service | ₹133 cr | 11.5% | ₹3 cr | 2.6% |
| Unallocated (expenses) / income (net) | ₹0 cr | – | ₹-1 cr | – |
| Inter Segment | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2021-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Shaee |
| 2020-10-13 | Bonus | Bonus 1:1 |
| 2019-09-05 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | MAHESHWARI |
| BSE code | – |
| ISIN | INE263W01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.