I-Sec upgrades Mahindra Logistics to Add; lowers target price to Rs 350
Mahindra Logistics
stock to ADD, from Hold. Their revised target price works out to Rs 350/share (Rs 360/share earlier). The current market price of
Mahindra Logistics
is Rs 316.25. Mahindra Logistics, incorporated in 2007, is a Mid Cap company with a market cap of Rs 2299.91 crore, operating in Logistics sector.
Mahindra Logistics' key products/revenue segments include Services Rendered for the year ending 31-Mar-2024.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Discover how to go from draft to done in a few clicks—not a few hours.
Grammarly
Install Now
Undo
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1571.68 crore, down -1.80 % from last quarter Total Income of Rs 1600.45 crore and up 8.12% from last year same quarter Total Income of Rs 1453.64 crore. The company has reported net profit after tax of Rs -5.31 crore in the latest quarter.
The company's top management includes Dr.Anish Shah, Mr.Rampraveen Swaminathan, Mr.Naveen Raju, Ms.Malvika Sinha, Mr.Dhananjay Mungale, Ms.Avani Davda, Mr.Darius Pandole, Mr.Ameet Hariani, Mr.Ranu Vohra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 7 Crore shares outstanding.
Live Events
Investment Rationale
Mahindra Logistics' EBITDA has improved from its low of 3.7% in Q3FY24 to 5% in Q4FY25. The improvement is mainly on account of paring losses at Rivigo and improved performance across other verticals. Rivigo has incurred an EBITDA loss of Rs 511 million for FY25 (Rs 803 million loss in FY24); management remains optimistic and expects EBITDA to break even by Q2FY26. Further, the earnings of contract logistics are also expected to improve on the back of better utilisation of white spaces and cost normalisation. ICICI Securities believes that achieving break even in Q2FY26 could be difficult for the company, as the industry is going through a tight phase; also, Mahindra Logistics faces heightened competitive intensity and pricing pressure. Taking into account the FY25 numbers and with the expectation of improvement ahead, the brokerage increased its EBITDA estimates by 5.6% in FY26 and 1% in FY27, while cutting PAT estimates taking into account higher depreciation and interest costs. ICICI Securities has upgraded the stock to ADD, from Hold. Their revised target price works out to Rs 350/share (Rs 360/share earlier), based on the revised valuation methodology of EV/EBITDA (earlier PE multiple); they value the stock at 7x FY27E EV/EBITDA.
Promoter/FII Holdings
Promoters held 57.97 per cent stake in the company as of 31-Mar-2025, while FIIs owned 5.22 per cent, DIIs 13.85 per cent.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
I-Day boost: Discounts drive 8-10% sales growth; executives eye stronger festive season
Independence Day discounts gave India's retail sector a much-needed boost, with footfalls and sales rising by 8-10% year-on-year across key shopping destinations. Industry executives say the revival in entry-to-mid segment demand has raised hopes of a strong festive season ahead. Electronics, particularly in affordable categories, along with groceries and apparel have seen healthy growth. Restaurants, too, are reporting higher sales as malls draw more visitors, helped by new film releases and a surge in in-home dining orders. 'After several months, there is good demand for entry to mid-segment products,' Nilesh Gupta, director at electronic retail chain Vijay Sales told ET. 'Walk-ins are good and there is over 8% jump in sales value over last year, which is better than last year,' he added. Electronics makers and grocery retailers ran promotional offers around Independence Day eve, one of the biggest consumption periods outside the festive and Republic Day seasons. At Reliance Retail, sales grew in double digits, according to an executive. Haier India president Satish NS told ET that the electronics manufacturer's Independence Day sales were up more than 20% over last year, with 'most categories driving sales.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Luxury 3 & 4 BHKs with 25+ World-Class Amenities Evara Thane Buy Now Undo On the ecommerce front, Tata-owned BigBasket reported a 42% on-year jump in patriotic merchandise sales on Friday, alongside strong demand for electronics, including the new iPhone 16. Malls also recorded a surge in traffic during the long weekend. Theatres are seeing back-to-back housefull shows for the first time since the pandemic, powered by Rajinikanth's Coolie and Hrithik Roshan's War 2. 'The crowd that comes for the movie adds at least 10% of the revenue for fashion brands, food and beverages,' said Harsh V Bansal, cofounder of Unity Group, which operates more than six malls in Delhi and Punjab. 'The next few days also look good in terms of footfall and sales,' he added. International labels have also drawn shoppers, with discounts prompting customers to buy at lower price points. 'International brands have contributed to the growth with consumers using the lower price point during the sale to buy products,' said Muhammad Ali, chief executive, retail, at Prestige Group, which operates five malls in South India. Those malls have reported a 15% year-on-year rise in sales. 'One segment which has not done well is Indian women's wear, which is a cause of worry,' he told ET. Revival hopes Retailers and brands have been under pressure for nine to ten quarters as low-to-middle-income households grappled with high inflation and weak earnings growth. Higher spending on travel and tourism further dented retail demand. Executives, however, are forecasting a turnaround in the second half of the fiscal, supported by low inflation, soft loan rates, reduced income-tax slabs this year and good monsoon rains. 'While middle class discretionary spending was under pressure, some consumption has started and with the festival tail wind, the outlook is much better,' Anjan Chatterjee, managing director of Speciality Restaurants told ET. He said that Independence Day demand trends have been 'reassuring, with a 15-18% year-on-year growth.' The government on Friday also said GST rates will be rationalised by Diwali to boost consumption, improve affordability and make essential as well as aspirational goods more accessible to a wider base of consumers—moves expected to spur further demand. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Time of India
an hour ago
- Time of India
Final warning: Amazon app shuts down on Android in days — see if you are owed refund before it's gone
Amazon has confirmed that its Appstore for Android will permanently shut down on August 20, 2025, ending a 14-year run that never quite lived up to its early promise. While Fire TVs and Fire Tablets will continue to use the Appstore, Android users are being urged to act fast, especially if they still hold Amazon Coins, the platform's now-retired digital currency. Any unspent balance will be refunded automatically after the cutoff date, but only if payment details are up to date — a detail many inactive users could overlook. The closure underscores Amazon's shift away from competing with Google Play on open Android devices, choosing instead to concentrate on its controlled Fire ecosystem, where it can lock in customers and monetize more effectively. For users, this is the last chance to recover money tied to a marketplace that once aimed high but quietly faded into obscurity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Amazon pulls the plug on its Android Appstore Amazon has confirmed that its Appstore for Android devices will shut down for good on August 20, 2025 , marking the end of a long, quiet decline for the once-hyped alternative to Google Play. The move doesn't affect Fire TVs or Fire Tablets — where the Appstore remains the backbone of Amazon's ecosystem — but it leaves Android users with a firm deadline to wrap up their business. ALSO READ: iPhone 17 leak hints at next-level privacy features that could end hackers for good — here's what to expect Live Events For millions of Android users who may have forgotten they even had the Appstore installed, this closure isn't just symbolic. It comes with financial implications tied to Amazon Coins , the company's now-defunct digital currency. What happens to your Amazon Coins? If you've bought or earned Amazon Coins in the past, this is the critical part: any unspent balance will be automatically refunded to your original payment method after August 20, 2025. Amazon stopped allowing new Coin purchases months ago, but thousands of users still have dormant balances in their accounts. According to Amazon's 2024 annual filing, the company had been holding 'tens of millions of dollars in deferred virtual currency liabilities.' That means there's a very real pool of unclaimed money waiting to be pushed back to users. The catch? If your card details are outdated or linked accounts are closed, the refund could bounce. Amazon has said affected users will receive instructions to update their payment information, but those emails are easy to miss. Why the Appstore failed on Android The Amazon Appstore launched in 2011 with bold ambitions: to challenge Google Play and position Amazon as a heavyweight in mobile software. It offered perks like a free daily app, competitive developer royalties, and the Amazon Coins incentive program. But despite an early burst of attention — especially after Amazon bundled the store with its Kindle Fire tablets — the Appstore never cracked meaningful market share on Android. Google Play remained the default for most users, and developers largely ignored Amazon's marketplace due to limited reach. By 2022, Appfigures data showed Amazon Appstore downloads had fallen below 1% of the global app market. The shutdown, then, isn't a sudden move. It's the final chapter in a long decline that insiders have described as 'death by neglect.' What users need to do right now For most, this closure will be an afterthought. But if you've ever bought apps, games, or in-app content through the Amazon Appstore on an Android device, there are a few urgent steps: Check your Amazon Coins balance. Log into your account on desktop or mobile browser — the Appstore app may already be unreliable. Update your payment details. If your credit or debit card has expired since you purchased Coins, update your Amazon Wallet to avoid refund failures. Download or back up apps. While the store will stop functioning, some installed apps may continue running. Developers aren't guaranteed to push updates outside of Google Play. The bigger picture: Amazon doubles down on Fire ecosystem Amazon isn't retreating from apps altogether. On the contrary, the company is consolidating around its Fire TV and Fire Tablet platforms, where the Appstore remains critical. These devices sold over 40 million units globally in 2024 , according to IDC estimates, and rely heavily on Amazon's walled-garden approach. From a strategic perspective, shutting down the Android Appstore frees Amazon from the cost of maintaining a marketplace that barely moved the needle. It also signals a sharper focus on hardware ecosystems it controls outright — where Prime subscriptions, Alexa integration, and in-house advertising bring in more predictable revenue. What this means for consumers and developers For everyday users, the immediate impact is minimal — most people haven't opened the Amazon Appstore in years. The only real risk lies in unclaimed Coin refunds. For developers, though, it underlines a hard truth: if you want to reach Android users, Google Play remains the only game in town. The Appstore's demise also raises questions about the shelf life of digital ecosystems. What happens when the store where you bought your apps simply disappears? Unlike physical purchases, digital ownership often depends on ongoing corporate support. And as Amazon just proved, even the biggest players can quietly shutter entire platforms. Act before August 20, 2025 The Appstore's shutdown may not make headlines like a new iPhone launch or a TikTok ban, but it carries a simple warning for consumers: check your balance, update your details, and secure your refunds before it's too late. Amazon insists the process will be automatic, but in practice, automatic refunds only work if the financial rails are intact. For anyone with a dormant Amazon account, a lost login, or an old card, August 20 could be the last chance to reclaim money you didn't even realize was still yours. FAQs: Q1: When will the Amazon Appstore shutdown happen? The Amazon Appstore for Android will close on August 20, 2025. Q2: What happens to unused Amazon Coins after shutdown? Unused Amazon Coins will be automatically refunded to your payment method.
Time of India
an hour ago
- Time of India
‘Make in India' milestone: Electronics exports jump 47% in Q1; 99% of mobiles now made domestically
India's electronics exports have hit a major milestone, recording a sharp jump in the first quarter of the financial year 2025-26. Union commerce and industry minister Piyush Goyal announced on social media platform X that exports touched $12.4 billion, marking a surge of more than 47% compared with the same period in 2024-25. "Our electronics exports have seen a surge of over 47% in Q1 of 2025-26 over the same quarter in 2024-25. It is a sweet success story for 'Make In India', which has led to an exponential growth in our electronics production from $31 Bn to $133 Bn in a decade beginning 2014-15," the minister wrote. Highlighting the government's efforts to boost self-reliance or making India Aatmanirbhar in manufacturing, Goyal said India has grown from just two mobile manufacturing units in 2014 to more than 300 today. "One of the greatest journeys has been our transformation from a mobile importer to becoming the world's second-largest mobile phone manufacturer. The electronics sector has also generated large-scale employment opportunities with solar modules, networking devices, charger adapters, and electronic parts, also playing a key role in strengthening our exports," his post read. The data shared by the minister also showed that exports of electronic goods had risen eight-fold over the past decade, jumping from Rs 38,000 crore in 2014-15 to Rs 3.27 lakh crore in 2024-25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo In 2014-15, only 26% of mobile phones sold in India were made locally, with the rest imported. Now, that figure has completely flipped, with 99.2% of all mobile phones sold in the country being manufactured domestically. The value of mobile phone manufacturing has also soared, from Rs 18,900 crore in FY14 to an astonishing Rs 4,22,000 crore in FY24, according to Goyal. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
