Latest news with #Rivigo
Economic Times
24-04-2025
- Business
- Economic Times
I-Sec upgrades Mahindra Logistics to Add; lowers target price to Rs 350
ICICI Securities has upgraded Mahindra Logistics to 'ADD' with a revised target price of Rs 350, down from Rs 360. The upgrade is driven by improved EBITDA performance, particularly with reduced losses at Rivigo and better contract logistics earnings. However, achieving break-even for Rivigo by Q2FY26 may be challenging due to industry pressures and competition. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) CICI Securities has upgraded the 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 Logistics' key products/revenue segments include Services Rendered for the year ending 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 company's top management includes Shah, Swaminathan, Raju, Sinha, Mungale, Davda, Pandole, Hariani, Vohra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 7 Crore shares 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/ 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.
Time of India
23-04-2025
- Business
- Time of India
This founder predicts a US vs China war over bitcoin that could decide who would rule the world
Deepak Garg , founder of logistics unicorn Rivigo , believes the world has already entered a new kind of war. But this one won't be fought with tanks. It will be fought with bonds, gold , crypto—and influence. In a sharp, forward-looking post on LinkedIn, Garg predicts that the next 8 to 10 years will be shaped by a brutal global contest between the United States and China. 'The next 8–10 years will be like a war; China and US will fight each other over who is the ruler of the planet,' he writes. His argument pulls together monetary policy, sovereign debt risks, and the quiet but significant rise of stablecoins . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Gold and stablecoins: the new frontline Garg points to the recent sharp rise in gold prices as a signal that uncertainty is mounting. 'Inflating up vertically,' is how he describes it. But gold, he argues, is just the first asset responding to the turmoil. The real flashpoint, he suggests, lies in sovereign bond markets. 'Who will buy US treasury ?' Garg asks, referring to the mounting American debt and the reduced interest from foreign governments in long-term US bonds. His answer? Stablecoins. Live Events 'US has an elegant, acceptable solution in the form of stablecoins. Stablecoins are the largest UST buyers right now and with the exponential growth of stablecoins, they'd replace sovereigns as the marginal buyers of USTs,' he says. This, he suggests, is the real reason the US has started embracing cryptocurrencies. 'Crypto adoption promotes stablecoins. That is why US is promoting Crypto. Eventually more stablecoin minting means, more buying of UST and lesser bond yields.' At the heart of this, Garg argues, is a looming crisis in bond yields. He warns of a situation not unlike India's mortgage rate squeeze. 'Now all this needs to happen fast. The war is already on,' he writes. Also Read: Trump may chop China tariffs 'substantially' from 145% in possible trade deal shift, Beijing reacts Could the US weaponise its gold? The argument then pivots to what the US might do next. Garg speculates that the American government could revalue its gold reserves—essentially adding a trillion dollars in accounting headroom—and use that to expand its balance sheet or even buy bitcoin. He even raises the possibility of a new kind of gold-bitcoin balancing act, where the US could strategically sell or hold bitcoin to maintain global financial superiority over China. 'US still has 4x the level of Gold China has and the next war may be fought on gold vs bitcoin,' Garg notes. He draws a line through history to bolster his case. 'This is not new – Greek and Roman war was fought on silver vs gold and no prices for guessing gold won. China's last century was a washout because of fascination with silver.' He ends with a provocative question: 'Could bitcoin win this war and could US weaponise gold reserves to maintain balance sheet superiority?' Also Read: Will gold touch ₹1.2 lakh soon? Here is what JP Morgan and Goldman Sachs are predicting about yellow metal prices Trump hints at tariff climbdown amid tensions While Garg sees a financial battlefield forming, former US president Donald Trump is walking a finer line on tariffs. Speaking from the Oval Office on Tuesday, Trump indicated that the historic 145% tariffs on Chinese imports could be temporary. '145% is very high, and it won't be that high,' he said. 'No, it won't be anywhere near that high. It'll come down substantially. But it won't be zero ‒ used to be zero. We were just destroyed. China was taking us for a ride.' Trump added, 'We're going to be very nice, they're going to be very nice, and we'll see what happens. But ultimately, they have to make a deal because otherwise they're not going to be able to deal in the United States.' Also Read: As global markets wobble, Sridhar Vembu explains why India's love for gold might be the country's biggest strength Behind closed doors, warnings of unsustainability The shift in tone came shortly after US Treasury Secretary Scott Bessent reportedly told investors that the current US-China trade impasse cannot last. 'No one thinks the current status quo is sustainable,' Bessent told a private JP Morgan Chase forum in Washington. Currently, Chinese imports to the US face tariffs of up to 145%. China has responded with 125% tariffs on US goods. Some sectors—like electronics—are exempt, but others face a blanket 20% levy due to fentanyl-related concerns. Despite the escalation, no formal talks have begun. Yet according to White House press secretary Karoline Leavitt, the US is laying the groundwork for future negotiations. 'We're setting the stage' for a deal with China, she said, adding that the administration is 'doing very well' on trade and that over 100 countries have shown interest in new bilateral arrangements. Markets respond with cautious hope Investors are watching closely. US stock markets jumped over 2% after Bessent's remarks, reflecting optimism that a deal—however distant—might eventually emerge. But while the markets cheer, analysts remain wary. With geopolitical rivalry intensifying and digital assets entering the fray, the US-China rivalry is morphing into something far more complex than tariffs or trade. It's a currency war, a tech war—and a capital war.
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Business Standard
22-04-2025
- Business
- Business Standard
Mahindra Logistics jumps 6% after Q4 results, ICICI upgrades to 'Add'
Mahindra Logistics share price today: Shares of logistics and mobility solutions company Mahindra Logistics surged over 6 per cent to hit an intraday high of ₹328.45 on Tuesday after the company reported March 2025 quarter (Q4 FY25) earnings in line with market expectations. The stock was trading higher for the sixth consecutive session and has surged 23 per cent during this period. At 01:56 AM, the stock was quoting at ₹320.40, up 4.21 per cent from Monday's closing price of ₹307.45. In comparison, the benchmark NSE Nifty50 was trading at 24,177.90, up 52.35 points or 0.22 per cent. Mahindra Logistics Q4FY25 result update Mahindra Logistics reported a decline in net loss to ₹6.75 crore in Q4FY25 as against ₹12.85 crore in the year-ago period. The company's revenue in the quarter under review stood at ₹1,570 crore, up 8.2 per cent from ₹1,451 crore in the corresponding quarter of last fiscal. The company reported Ebitda (Earnings before interest, tax, depreciation and amortisation) at ₹78 crore in Q4FY25, up 36.8 per cent from ₹57 crore in Q4FY24. Brokerage Views on Mahindra Logistics: Motilal Oswal Financial Services (MOFSL) According to analysts at MOFSL, Mahindra Logistics' express business continues to struggle due to lower volumes across the industry and high competition. The company is aiming to add customers and volumes, which should help reduce losses. Given the current demand scenario, the brokerage believes the journey toward profitability would be gradual in the express business. The performance of this business would remain a key monitorable going forward. 'We largely retain our Ebitda estimates for FY26 and FY27. We estimate a CAGR of 24 per cent in revenue and 37 per cent in Ebitda over FY25-27. We reiterate our Neutral rating with a revised TP of ₹300 (premised on 11x FY27E EPS). ICICI Securities on Mahindra Logistics According to the brokerage firm, the company has seen improvement only on account of narrowing losses at Rivigo and improved performance across other verticals. Rivigo has posted an Ebitda loss of ₹51.1 crore for FY25 down from ₹80.3 crore in FY24. While the management remains optimistic and expects Ebitda to break even by Q2FY26, the earnings of contracts are also expected to improve driven by better utilisation of white spaces and cost normalisation. 'We upgrade the stock to 'Add', from 'Hold'. Our revised target price works out to ₹350 per share, from ₹360 per share earlier, based on the revised valuation methodology of EV/Ebitda (earlier PE multiple); we value the stock at 7x FY27E EV/Ebitda. About Mahindra Logistics Mahindra Logistics is an integrated supply chain and mobility solutions provider offering tech-enabled logistics solutions for complex requirements across diverse industries including automobile and auto components, engineering, consumer goods, pharmaceuticals, e-commerce and D2C, telecom and more. It is a part of Mahindra Group.
Time of India
22-04-2025
- Business
- Time of India
India's Mahindra Logistics posts narrower fourth-quarter loss
India's Mahindra Logistics reported a smaller quarterly loss on Monday, helped by growth in its key contract logistics division and a narrower loss in its express commerce segment. It reported a consolidated net loss of 67.5 million rupees ($793,045) for the January-March period - its ninth consecutive quarterly loss - compared to a loss of 128.5 million rupees a year earlier. Total expenses rose 7.4% to 15.71 billion rupees. Its revenue from operations rose 8% to 15.70 billion rupees. For further earnings highlights, click KEY CONTEXT Mahindra Logistics, which has grappled with losses from the 2022 acquisition of express commerce firm Rivigo, said its core losses in the segment narrowed to 116 million rupees for the fourth quarter from 149 million rupees a year earlier. Revenue from its mainstay contract logistics business, meanwhile, rose 9% year-on-year. India's $342 billion logistics sector remains highly competitive, with firms such as Blue Dart and Delhivery ramping up spending to attract clients and fend off pressure from the in-house logistics divisions of e-commerce giants like Amazon and Walmart-backed Flipkart. PEER COMPARISON Valuation (next 12 Estimates (next 12 Analysts' sentiment months) months) RIC PE EV/EBITDA Revenue Profit Mean No. of Stock to Div growth (%) growth (%) rating* analyst price yield s target** (%) Mahindra Logistics 37.69 6.42 15.13 - Sell 10 0.86 0.84 Blue Dart Express 36.55 15.84 11.97 48.29 Buy 6 0.85 0.39 VRL Logistics 22.11 8.59 10.05 21.80 Strong 9 0.74 1.03 Buy Delhivery 64.78 28.99 15.48 151.59 Strong 20 0.70 - Buy * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.1150 Indian rupees
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Business Standard
21-04-2025
- Business
- Business Standard
Mahindra Logistics Q4 results: Loss narrows to Rs 6.75 cr; expenses up 7.4%
Revenue from its mainstay contract logistics business, meanwhile, rose 9% year-on-year Reuters India's Mahindra Logistics reported a smaller quarterly loss on Monday, helped by growth in its key contract logistics division and a narrower loss in its express commerce segment. It reported a consolidated net loss of Rs 6.75 crore ($793,045) for the January-March period - its ninth consecutive quarterly loss - compared to a loss of 128.5 million rupees a year earlier. Total expenses rose 7.4% to Rs 1,571 crore. Its revenue from operations rose 8% to Rs 1,570 crore. KEY CONTEXT Mahindra Logistics, which has grappled with losses from the 2022 acquisition of express commerce firm Rivigo, said its core losses in the segment narrowed to Rs 11.6 crore for the fourth quarter from 149 million rupees a year earlier. Revenue from its mainstay contract logistics business, meanwhile, rose 9% year-on-year. India's $342 billion logistics sector remains highly competitive, with firms such as Blue Dart and Delhivery ramping up spending to attract clients and fend off pressure from the in-house logistics divisions of e-commerce giants like Amazon and Walmart-backed Flipkart.
