Maheshwari Logi. Share Price ₹70 | P/E 13.8

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Maheshwari Logi.

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	305.56	274.96	267.54	234.43	271.10	255.92	245.30	224.80	230.03	249.11	256.31	265.19	261.50
Expenses +	292.24	263.26	254.08	220.81	258.74	242.89	231.22	209.02	212.32	232.21	239.37	249.89	244.14
Operating Profit	13.32	11.70	13.46	13.62	12.36	13.03	14.08	15.78	17.71	16.90	16.94	15.30	17.36
OPM %	4.36%	4.26%	5.03%	5.81%	4.56%	5.09%	5.74%	7.02%	7.70%	6.78%	6.61%	5.77%	6.64%
Other Income +	0.23	0.57	0.62	0.49	1.72	1.88	0.99	1.77	0.03	2.74	1.29	2.69	0.69
Interest	6.26	5.33	6.59	6.24	6.93	8.30	7.51	7.55	7.78	8.24	8.24	8.19	7.91
Depreciation	2.98	3.11	2.76	2.78	2.93	3.47	3.53	3.72	3.87	4.09	3.69	3.94	4.29
Profit before tax	4.31	3.83	4.73	5.09	4.22	3.14	4.03	6.28	6.09	7.31	6.30	5.86	5.85
Tax %	36.43%	5.48%	35.52%	24.95%	34.83%	-8.28%	6.20%	27.87%	50.74%	14.36%	30.48%	33.11%	28.72%
Net Profit +	2.74	3.63	3.05	3.82	2.74	3.41	3.77	4.53	3.01	6.26	4.38	3.91	4.18
EPS in Rs	0.93	1.23	1.03	1.29	0.93	1.15	1.27	1.53	1.02	2.12	1.48	1.32	1.41

Financials of Maheshwari Logi.

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	414	533	601	736	867	1,035	756	668	1,033	1,142	1,027	948	1,032
Expenses +	397	516	577	708	832	989	705	625	981	1,092	978	884	966
Operating Profit	18	18	23	28	35	45	51	43	52	51	49	65	66
OPM %	4%	3%	4%	4%	4%	4%	7%	6%	5%	4%	5%	7%	6%
Other Income +	1	1	0	2	3	4	2	2	3	2	6	6	7
Interest	6	7	11	9	13	18	22	20	19	23	26	31	33
Depreciation	4	3	2	5	7	8	12	13	12	12	12	15	16
Profit before tax	8	9	10	16	18	23	20	13	24	18	17	24	25
Tax %	39%	38%	30%	38%	35%	35%	27%	27%	28%	25%	24%	26%
Net Profit +	5	6	7	10	12	15	15	9	17	14	13	18	19
EPS in Rs	5.33	5.62	6.77	3.28	3.94	5.09	4.97	3.14	5.79	4.62	4.40	5.93	6.33
Dividend Payout %	0%	0%	0%	0%	13%	12%	0%	16%	0%	0%	0%	0%

Financials of Maheshwari Logi.

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5	5	5	15	15	15	15	30	30	30	30	30	30
Reserves	33	42	54	77	88	102	115	109	125	137	151	169	177
Borrowings +	41	35	53	74	130	142	147	141	177	207	239	252	281
Other Liabilities +	73	84	105	176	107	116	86	88	99	101	113	138	134
Total Liabilities	152	167	218	342	340	374	363	368	430	475	533	587	622
Fixed Assets +	11	12	17	33	64	73	117	109	110	107	147	150	163
CWIP	1	0	2	0	5	38	1	5	15	37	17	19	1
Investments	0	0	0	0	0	3	2	2	2	5	6	6	6
Other Assets +	140	155	199	309	271	260	243	252	303	326	363	412	452
Total Assets	152	167	218	342	340	374	363	368	430	475	533	587	622

Financials of Maheshwari Logi.

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	6	13	-3	-29	2	64	30	49	9	38	1	57
Cash from Investing Activity +	-2	-1	-6	-18	-41	-52	-18	-6	-35	-30	-29	-18
Cash from Financing Activity +	-6	-12	15	39	45	-10	-13	-28	15	-8	13	-19
Net Cash Flow	-1	1	5	-8	6	2	-2	14	-11	0	-15	21
Free Cash Flow	4	11	-10	-48	-41	15	10	42	-27	7	-30	37
CFO/OP	53%	95%	9%	-71%	28%	154%	66%	119%	32%	83%	8%	97%

Financials of Maheshwari Logi.

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	101	90	84	109	68	44	57	65	47	45	51	58
Inventory Days	18	6	14	29	38	33	46	61	40	43	59	72
Days Payable	91	83	98	132	54	60	50	52	35	32	39	54
Cash Conversion Cycle	28	13	0	7	51	16	53	73	52	56	71	75
Working Capital Days	27	22	22	31	32	7	29	41	30	25	31	19
ROCE %	20%	20%	24%	18%	16%	17%	16%	12%	14%	11%	11%	13%

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Maheshwari Logi. Share Price & Earnings Call Analysis