MAHESHWARI LOGISTICS LTD. (MAHESHWARI) financials

MAHESHWARI LOGISTICS LTD. (MAHESHWARI) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2006, Maheshwari LogisticsLtd is in the business of carriers/ transporters, and dealing in Paper products and coal & lignite etc.[1]

Market Cap: ₹212Cr.
Current Price: ₹71.7
Stock P/E: 14.0
ROE: 7.26%
ROCE: 12.0%
Book Value: ₹72.6
Dividend Yield: 0.00%
52W High / Low: ₹76.8/39.0

In Jun 2026, MAHESHWARI LOGISTICS LTD. (MAHESHWARI) reported sales ₹234.85 Cr and net profit ₹3.25 Cr.

Annual TTM: sales ₹1,045 Cr, net profit ₹15 Cr.

Shareholding: Promoters 57.32% (Jun 2026), Public 40.81% (Jun 2026), Others 1.87% (Jun 2026), No. of Shareholders 10,768% (Jun 2026).

MAHESHWARI quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	224.80	230.03	249.11	256.31	265.19	261.50	283.50	234.85
Expenses	209.02	212.32	232.21	239.37	249.89	244.14	268.08	219.09
Operating Profit	15.78	17.71	16.90	16.94	15.30	17.36	15.42	15.76
OPM %	7.02%	7.70%	6.78%	6.61%	5.77%	6.64%	5.44%	6.71%
Other Income	1.77	0.03	2.74	1.29	2.69	0.69	2.22	1.12
Interest	7.55	7.78	8.24	8.24	8.19	7.91	9.07	8.03
Depreciation	3.72	3.87	4.09	3.69	3.94	4.29	4.28	4.03
Profit before tax	6.28	6.09	7.31	6.30	5.86	5.85	4.29	4.82
Tax %	27.87%	50.74%	14.36%	30.48%	33.11%	28.72%	9.56%	32.57%
Net Profit	4.53	3.01	6.26	4.38	3.91	4.18	3.88	3.25
EPS in Rs	1.53	1.02	2.12	1.48	1.32	1.41	1.31	1.10
Raw PDF	—	—	—	—	—	—	—	—

MAHESHWARI profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	756	668	1,033	1,142	1,027	949	1,066	1,045
Expenses	705	625	981	1,092	978	884	1,001	981
Operating Profit	51	43	52	51	49	65	65	64
OPM %	7%	6%	5%	4.4%	4.8%	7%	6%	6%
Other Income	2	2	3	2	6	5	7	7
Interest	22	20	19	23	26	31	33	33
Depreciation	12	13	12	12	12	15	16	17
Profit before tax	20	13	24	18	17	24	22	21
Tax %	27%	27%	28%	25%	24%	26%	27%	—
Net Profit	15	9	17	14	13	18	16	15
EPS in Rs	4.97	3.14	5.79	4.62	4.40	5.93	5.52	5.14
Dividend Payout %	0%	16%	0%	0%	0%	0%	0%	—

MAHESHWARI balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	30	30	30	30	30	30
Reserves	102	115	109	125	137	151	169	185
Borrowings	142	147	141	177	207	239	252	261
Other Liabilities	116	86	88	99	101	113	138	147
Total Liabilities	374	363	368	430	475	533	587	622
Fixed Assets	73	117	109	110	107	147	150	164
CWIP	38	1	5	15	37	17	19	0
Investments	3	2	2	2	5	6	6	6
Other Assets	260	243	252	303	326	363	412	452
Total Assets	374	363	368	430	475	533	587	622

MAHESHWARI cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	64	30	49	9	38	1	57	16
Cash from Investing Activity	-52	-18	-6	-35	-30	-29	-18	-7
Cash from Financing Activity	-10	-13	-28	15	-8	13	-19	-24
Net Cash Flow	2	-2	14	-11	0	-15	21	-15
Free Cash Flow	15	10	42	-27	7	-30	37	5
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	154%	66%	119%	32%	83%	8%	96%	39%

MAHESHWARI shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	57.11%	57.11%	57.14%	57.14%	56.58%	56.58%	57.15%	57.32%
Public	41.66%	41.66%	41.63%	41.63%	41.63%	41.63%	40.98%	40.81%
Others	1.23%	1.23%	1.23%	1.23%	1.79%	1.79%	1.87%	1.87%
No. of Shareholders	13,274	13,391	12,959	12,780	12,452	12,100	11,836	10,768

MAHESHWARI key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	44	57	65	47	45	51	58	62
Inventory Days	33	46	61	40	43	59	72	72
Days Payable	60	50	52	35	32	39	54	49
Cash Conversion Cycle	16	53	73	52	56	71	75	85
Working Capital Days	7	29	41	30	25	31	19	24
ROCE %	17%	16%	12%	14%	11%	11%	13%	12%

MAHESHWARIUpdated 18 Oct 2026, 1:03

Maheshwari Logistics Ltd.

MAHESHWARIUpdated 18 Oct 2026, 1:03

Market Cap

₹212Cr.

Current Price

₹71.7

High / Low

₹76.8/39.0

Stock P/E

14.0

ROE7.26%

ROCE12.0%

Book Value₹72.6

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 2006, Maheshwari LogisticsLtd is in the business of carriers/ transporters, and dealing in Paper products and coal & lignite etc.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	267.54	6.59	254.08	0.62	2.76	4.73	35.52	3.05	1.03
Sep 2023	234.43	6.24	220.81	0.49	2.78	5.09	24.95	3.82	1.29
Dec 2023	271.1	6.93	258.74	1.72	2.93	4.22	34.83	2.74	0.93
Mar 2024	255.92	8.3	242.89	1.88	3.47	3.14	-8.28	3.41	1.15
Jun 2024	245.3	7.51	231.22	0.99	3.53	4.03	6.2	3.77	1.27
Sep 2024	224.8	7.55	209.02	1.77	3.72	6.28	27.87	4.53	1.53
Dec 2024	230.03	7.78	212.32	0.03	3.87	6.09	50.74	3.01	1.02
Mar 2025	249.11	8.24	232.21	2.74	4.09	7.31	14.36	6.26	2.12
Jun 2025	256.31	8.24	239.37	1.29	3.69	6.3	30.48	4.38	1.48
Sep 2025	265.19	8.19	249.89	2.69	3.94	5.86	33.11	3.91	1.32
Dec 2025	261.5	7.91	244.14	0.69	4.29	5.85	28.72	4.18	1.41
Mar 2026	283.5	9.07	268.08	2.22	4.28	4.29	9.56	3.88	1.31
Jun 2026	234.85	8.03	219.09	1.12	4.03	4.82	32.57	3.25	1.1

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	533	7	516	1	3	9	38	6	2.81
Mar 2016	601	11	577	0	2	10	30	7	3.38
Mar 2017	736	9	708	2	5	16	38	10	3.28
Mar 2018	867	13	832	3	7	18	35	12	3.94
Mar 2019	1035	18	989	4	8	23	35	15	5.09
Mar 2020	756	22	705	2	12	20	27	15	4.97
Mar 2021	668	20	625	2	13	13	27	9	3.14
Mar 2022	1033	19	981	3	12	24	28	17	5.79
Mar 2023	1142	23	1092	2	12	18	25	14	4.62
Mar 2024	1027	26	978	6	12	17	24	13	4.4
Mar 2025	949	31	884	5	15	24	26	18	5.93
Mar 2026	1066	33	1001	7	16	22	27	16	5.52
TTM	1045	33	981	7	17	21	—	15	5.14

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	57.32%
Public	40.81%
Others	1.87%

Shareholding trend

Ownership over time%

Quarter	Promoters	DIIs	Public	Others
Sep 2023	57.37%	—	41.4%	0%
Dec 2023	57.36%	—	41.41%	0%
Mar 2024	57.13%	—	41.63%	0%
Jun 2024	57.11%	—	41.65%	0%
Sep 2024	57.11%	—	41.66%	1.23%
Dec 2024	57.11%	—	41.66%	1.23%
Mar 2025	57.14%	—	41.63%	1.23%
Jun 2025	57.14%	—	41.63%	1.23%
Sep 2025	56.58%	—	41.63%	1.79%
Dec 2025	56.58%	—	41.63%	1.79%
Mar 2026	57.15%	—	40.98%	1.87%
Jun 2026	57.32%	—	40.81%	1.87%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	5	42	35	84	167	12	0	0	155	167
Mar 2016	5	54	53	105	218	17	2	0	199	218
Mar 2017	15	77	74	176	342	33	0	0	309	342
Mar 2018	15	88	130	107	340	64	5	0	271	340
Mar 2019	15	102	142	116	374	73	38	3	260	374
Mar 2020	15	115	147	86	363	117	1	2	243	363
Mar 2021	30	109	141	88	368	109	5	2	252	368
Mar 2022	30	125	177	99	430	110	15	2	303	430
Mar 2023	30	137	207	101	475	107	37	5	326	475
Mar 2024	30	151	239	113	533	147	17	6	363	533
Mar 2025	30	169	252	138	587	150	19	6	412	587
Mar 2026	30	185	261	147	622	164	0	6	452	622

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	13	-1	-12	1
Mar 2016	-3	-6	15	5
Mar 2017	-29	-18	39	-8
Mar 2018	2	-41	45	6
Mar 2019	64	-52	-10	2
Mar 2020	30	-18	-13	-2
Mar 2021	49	-6	-28	14
Mar 2022	9	-35	15	-11
Mar 2023	38	-30	-8	0
Mar 2024	1	-29	13	-15
Mar 2025	57	-18	-19	21
Mar 2026	16	-7	-24	-15

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	90	84	109	68	44	57	65	47	45	51	58	62
Inventory Days	6	14	29	38	33	46	61	40	43	59	72	72
Days Payable	83	98	132	54	60	50	52	35	32	39	54	49
Cash Conversion Cycle	13	0	7	51	16	53	73	52	56	71	75	85
Working Capital Days	22	22	31	32	7	29	41	30	25	31	19	24
ROCE %	20%	24%	18%	16%	17%	16%	12%	14%	11%	11%	13%	12%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MAHESHWARI LOGISTICS LTD. (MAHESHWARI)?

The reported market capitalisation for MAHESHWARI LOGISTICS LTD. (MAHESHWARI) is ₹212Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MAHESHWARI?

The current price shown for MAHESHWARI LOGISTICS LTD. (MAHESHWARI) on Fincrux is ₹71.7 with a 52-week high/low of ₹76.8/39.0.

What is the P/E ratio of MAHESHWARI LOGISTICS LTD. (MAHESHWARI)?

The stock P/E for MAHESHWARI LOGISTICS LTD. (MAHESHWARI) is 14.0 on Fincrux, with ROE at 7.26% and ROCE at 12.0%.

What were MAHESHWARI latest quarterly results?

For Jun 2026, MAHESHWARI LOGISTICS LTD. (MAHESHWARI) reported sales ₹234.85 Cr and net profit ₹3.25 Cr (figures in ₹ crore unless noted).

What are MAHESHWARI annual sales and net profit?

For TTM, MAHESHWARI LOGISTICS LTD. (MAHESHWARI) shows sales of ₹1,045 Cr and net profit of ₹15 Cr on the Fincrux profit & loss statement.

Who owns MAHESHWARI LOGISTICS LTD. (MAHESHWARI)?

Latest shareholding for MAHESHWARI LOGISTICS LTD. (MAHESHWARI) on Fincrux: Promoters 57.32% (Jun 2026), Public 40.81% (Jun 2026), Others 1.87% (Jun 2026), No. of Shareholders 10,768% (Jun 2026).

Where can I find MAHESHWARI LOGISTICS LTD. (MAHESHWARI) financials?

MAHESHWARI LOGISTICS LTD. (MAHESHWARI) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MAHESHWARI balance sheet and cash flow?

Yes. The MAHESHWARI LOGISTICS LTD. (MAHESHWARI) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 1:03