Buy Mahindra Logistics, target price Rs 610: ICICI Direct

ICICI Direct has buy call on Mahindra Logistics with a target price of Rs 610. The current market price of Mahindra Logistics is Rs 524.65. Time period given by analyst is one year when Mahindra Logistics Ltd. price can reach defined target.

Mahindra Logistics Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 3764.04 Crore) operating in Logistics sector.

Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1202.99 Crore, up 11.56 % from last quarter Total Income of Rs 1078.37 Crore and up 37.44 % from last year same quarter Total Income of Rs 875.28 Crore. Company reported net profit after tax of Rs 13.64 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 58.12 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.08 per cent, DIIs 13.48 per cent.