Mahindra Logistics cash flow

Latest FY26

Cash from operations: ₹254cr−26.1% on FY25
Capital spending: ₹139cr−23.2% on FY25
Free cash flow: ₹115cr−29.4% on FY25
Cash from financing: ₹105cr−₹148 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	278	226	209	190
	—	75.0	81.2	68.2	51.6
	—	−9.8	0.0	−4.8	−4.7
	—	0.0	0.0	−5.3	−1.0
	—	5.5	−2.2	2.9	1.7
	—	−5.7	8.9	−5.3	−4.3
	—	0.1	−5.5	0.0	0.0
	—	7.4	7.5	10.3	11.2
	—	0.0	0.0	0.4	1.0
	—	−57.9	−20.6	−73.9	−197
	—	1.7	30.1	42.3	107
	—	26.2	0.0	22.5	2.9
Cash from operating activities
	124	33.4	−7.7	−26.4	34.5
	—	320	326	266	159
	—	354	318	240	193
	—	100	−25.2	12.9	73.8
	—	254	343	227	119
Cash from investing activities
	—	139	181	70.9	71.0
	—	0.0	0.0	0.0	8.7
	—	0.0	5.0	0.0	0.0
	—	3.1	0.0	9.2	0.0
	—	0.0	2.0	15.2	35.4
	—	0.0	0.0	0.0	0.0
	—	0.3	0.0	0.0	269
	—	2.5	0.0	0.0	0.0
	—	0.7	0.0	0.0	0.0
	—	4.8	1.4	4.4	4.7
	—	−183	21.7	19.9	51.9
	—	−316	−155	−52.6	−310
Cash from financing activities
	—	749	0.1	0.0	0.1
	—	0.0	0.0	0.0	0.1
	—	29.2	283	0.0	361
	—	410	197	65.5	0.0
	—	218	0.0	161	0.0
	—	—	—	0.0	146
	—	24.7	42.6	31.8	17.4
	—	18.0	18.0	18.0	14.4
	—	−3.9	−173	0.0	0.0
	—	105	−148	−276	183
	—	42.0	40.7	−102	−7.7
	—	42.0	40.7	−102	−7.7
	—	—	—	24.4	126
Reference items
	455	376	284	229	260
	5.8%	5.4%	4.7%	4.2%	5.1%
	115	115	162	156	48.4
	—	−291	205	61.2	—
	₹11.55	₹11.55	₹16.36	₹15.71	₹4.88
	31.60×	—	—	—	—
	—	23.99×	−11.44×	−4.27×	4.85×
	—	100	−25.2	12.9	73.8
	—	24.7	42.6	31.8	17.4

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MAHLOG₹365.00

Mahindra Logistics Limited

· Consumer Services

₹ CrorePeersVRLLOG GATEWAY TVSSCS TCI TCIEXP ALLCARGO NAVKARCORPMcap ₹3,622 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	189.5	209.0	226.3	277.9	—
+ Finance Costs	51.6	68.2	81.2	75.0	—
+ Interest Income	-4.7	-4.8	0.0	-9.8	—
+ Fair Value (Gains) / Losses	-1.0	-5.3	0.0	0.0	—
+ Share-based Payments	1.7	2.9	-2.2	5.5	—
+ Other Non-cash Items	-4.3	-5.3	8.9	-5.7	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-5.5	0.1	—
+ Other Reconciling Items	11.2	10.3	7.5	7.4	—
Changes in Working Capital
+ Inventories	1.0	0.4	0.0	0.0	—
+ Trade Receivables — Current	-196.5	-73.9	-20.6	-57.9	—
+ Trade Payables — Current	107.3	42.3	30.1	1.7	—
+ Provisions — Current	2.9	22.5	0.0	26.2	—
Cash from Operating Activities
Profit Before Tax (per I/S)	34.5	-26.4	-7.7	33.4	124.0
+ Total Adjustments (incl. Working Capital)	158.7	266.2	325.7	320.4	—
Cash from Operations (pre-tax)	193.2	239.8	318.0	353.7	—
+ Income Taxes Paid	73.8	12.9	-25.2	100.1	—
Cash from Operating Activities	119.4	226.9	343.2	253.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	71.0	70.9	180.9	139.0	—
+ Disp of Fixed Assets	8.7	0.0	0.0	0.0	—
+ Disp of Intangible Assets	0.0	0.0	5.0	0.0	—
+ Disp of Investment Property	0.0	9.2	0.0	3.1	—
+ Acq of Interests in Joint Ventures	35.4	15.2	2.0	0.0	—
+ Disp of Interests in Joint Ventures	0.0	0.0	0.0	0.0	—
+ Acq of Subsidiaries / Businesses (net)	268.9	0.0	0.0	0.3	—
+ Loans & Advances Made	0.0	0.0	0.0	2.5	—
+ Loans & Advances Repaid	0.0	0.0	0.0	0.7	—
+ Interest Received — Investing	4.7	4.4	1.4	4.8	—
+ Other Inflows / (Outflows) — Investing	51.9	19.9	21.7	-183.0	—
Cash from Investing Activities	-310.0	-52.6	-154.8	-316.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.1	0.0	0.1	749.3	—
+ Proceeds from Exercise of Stock Options	0.1	0.0	0.0	0.0	—
+ Proceeds from Borrowings	360.9	0.0	283.0	29.2	—
+ Repayment of Borrowings	0.0	65.5	197.4	409.8	—
+ Payment of Lease Liabilities	0.0	160.7	0.0	217.6	—
+ Payment of Finance Lease Liabilities	146.3	0.0	—	—	—
+ Interest Paid	17.4	31.8	42.6	24.7	—
+ Dividends Paid	14.4	18.0	18.0	18.0	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	-172.9	-3.9	—
Cash from Financing Activities	182.9	-276.1	-147.7	104.6	—
Net Changes in Cash (pre-FX)	-7.7	-101.8	40.7	42.0	—
Net Changes in Cash	-7.7	-101.8	40.7	42.0	—
Closing Cash	126.2	24.4	—	—	—
Reference Items
EBITDA	259.8	229.0	284.1	376.5	454.5
EBITDA Margin %	5.07	4.16	4.65	5.38	5.84
Free Cash Flow (CFO − Capex)	48.4	155.9	162.3	114.6	114.6
Free Cash Flow to Equity	—	61.2	205.4	-290.6	—
Free Cash Flow per Basic Share	4.88	15.71	16.36	11.55	11.55
Price to Free Cash Flow	—	—	—	—	31.60
Cash Flow to Net Income	4.85	-4.27	-11.44	23.99	—
Cash Paid for Taxes	73.8	12.9	-25.2	100.1	—
Cash Paid for Interest	17.4	31.8	42.6	24.7	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.