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MFL India Ltd (MFLINDIA) · mywealthgrid

About

MFL India Ltd operates in Logistics Solution Provider within the Industrials sector.

Face value: ₹1

Market cap

₹15 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

-9.8%

Debt / equity

—

OPM

0.3%

EPS (TTM)

₹-0.0

Book value

₹-0.0

52-week high

₹0.6

52-week low

₹0.4

₹0.4-21.8%1Y

Beta

0.81

Moves with the index

Volatility (1y)

54.6%

Annualised, daily returns

RSI (14)

46.7

Neither overbought nor oversold

Rel. strength (1y)

-33.3%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 178% (3-yr avg)
+Revenue CAGR of 197.4% over the last 3 years

Cons

−Thin operating margin of 0.3%
−Profit declined 45.4% a year over the last 5 years
−Low promoter holding of 0.4%

Research score

Structured signal from quality, growth, valuation and momentum.

23/100

Business quality: 0
Growth: 48
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	141	145	—	—	16	3	14	52	66
COGS	—	—	—	—	13	2	3	0	0
Gross profit	—	—	—	—	3	0	11	—	—
	128	131	—	—	0	0	11	51	66
	13	13	—	—	3	-0	0	1	0
OPM %	9%	9.1%	—	—	18.2%	-10.4%	0.6%	2.5%	0.3%
Depreciation	6	8	11	0	0	0	0	2	2
Interest	5	7	8	—	0	0	0	0	0
	—	—	1	—	0	2	0	0	0
Profit before tax	2	0	-51	32	3	2	0	-0	-2
Tax	1	—	—	—	-0	0	0	1	-3
Tax %	53.2%	—	—	—	-2%	0%	—	256.5%	-184%
	1	0	-51	32	3	2	0	-1	2
PAT margin %	0.6%	0.1%	—	—	18.8%	70.9%	0%	-1.6%	2.4%
EPS (₹)	0.2	-0.2	-1.4	—	0.1	0.1	0	-0	0
EPS adjusted (₹)	—	—	—	—	0.1	0.1	0	-0	0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Equity capital	36	36	36	36	36
Reserves	-37	-36	-36	-39	-37
	8	0	15	18	24
	2	0	3	6	3
Total equity & liabilities	8	1	18	21	26
	2	0	8	14	16
CWIP	—	—	—	0	0
Investments	0	0	0	0	0
	6	1	10	7	10
Total assets	8	1	18	21	26

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	1	6	-6	1	-1
	1	2	8	-5	-4
	-1	-8	15	3	7
Net cash flow	0	-0	17	-1	1
Free cash flow	1	6	-15	-5	-5
CFO / Operating profit %	22.7%	—	—	92.4%	-631.6%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	20%	2.4%	80.6%	—	—
EBITDA margin %	9.1%	—	—	18.2%	-10.4%	0.6%	2.5%	0.3%
EBIT margin %	3.2%	—	—	18.2%	-10.4%	-0.4%	-0.6%	-3%
PAT margin %	0.1%	—	—	18.8%	70.9%	0%	-1.6%	2.4%
Working capital
Receivable days	—	—	—	95	0	81	22	7
Inventory days	—	—	—	16	0	53	0	0
Payable days	—	—	—	5	1	351	36	12
NWC days	—	—	—	106	-1	-217	-14	-5
Leverage
Current ratio	—	—	—	7.84	9.6	3.6	1.12	2.11
Debt to EBITDA	—	—	—	2.5	—	187.5	13.33	127.05
Debt to equity	—	—	—	-5.86	0	29.41	-6.33	-20.12
Interest coverage	0.6	-1.2	—	—	—	—	—	—
Asset turnover	—	—	—	2.13	4.56	0.75	2.46	2.52
Return ratios
Return on assets %	—	—	—	39.9%	323.6%	0%	-3.9%	6%
Return on capital employed %	—	—	—	43.4%	47.3%	0%	1.1%	-9.8%
Return on equity %	—	—	—	-242.2%	356%	0%	29.9%	-131.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%	0.42%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%	99.58%
No. of shareholders	—	—	—	—	—	—	—	—	2,06,944	2,04,953	2,02,518	2,00,079

Promoter holding up 0 percentage points since Sep 2023.

161 deals · 13 Aug 2021 – 20 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Jan 2024	NITIN BAKSHI	Bulk	BSE	Sell	19,62,427	₹0.57	₹0.11 Cr
13 Dec 2023	NITIN BAKSHI	Bulk	BSE	Buy	37,55,900	₹0.86	₹0.32 Cr
4 Sept 2023	NITIN BAKSHI	Bulk	BSE	Sell	37,71,831	₹0.67	₹0.25 Cr
28 Aug 2023	NITIN BAKSHI	Bulk	BSE	Buy	26,29,000	₹0.73	₹0.19 Cr
31 Mar 2022	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Sell	23,72,294	₹1.58	₹0.37 Cr
31 Mar 2022	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Buy	22,294	₹1.54	₹0.00 Cr
30 Mar 2022	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Sell	37,13,806	₹1.53	₹0.57 Cr
30 Mar 2022	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Buy	25,80,903	₹1.54	₹0.40 Cr
30 Mar 2022	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Sell	1,30,903	₹1.54	₹0.02 Cr
28 Mar 2022	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Buy	37,50,000	₹1.56	₹0.59 Cr

1–10 of 161

1 / 17

Mr. ANIL THUKRALExecutive Director-Chairperson-MD
KhemrajChief Financial Officer
Mr. JAFAR AHAMEDNon-Executive - Non Independent Director
Mr. ATUL KUMARNon-Executive - Independent Director
Ms. MEENAKSHI AGGARWALNon-Executive - Independent Director
Ms. NupurCompany Secretary cum Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in MFL India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹122 Dec 2015 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

30 Sept 2026, 4:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

29 Sept 2026, 5:53 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 5:03 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

29 Sept 2026, 4:18 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

3 Sept 2026, 12:01 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 9:51 amAGM/EGM

NOTICE Is Hereby Given That 43Rd Annual General Meeting Of The Members Of MFL India Limited Will Be Held On Tuesday, The 29Th Day Of September, 2026 At 12:30 P.M. Through VC/ OAVM

AGM PDF

3 Sept 2026, 9:40 amOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

1 Sept 2026, 4:46 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday, The September 1, 2026

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
30 Sept 2026, 4:02 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
29 Sept 2026, 5:53 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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MFL India Ltd

MFL India Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

1

Announcements

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

MFL India Ltd

MFL India Ltd

About

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Announcements

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1

1

1