Is Mahindra Logis. overvalued or undervalued?

As of 18 August 2025, the valuation grade for Mahindra Logistics has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company is currently considered undervalued, especially in comparison to its peers. Key ratios include a PE ratio of -85.87, an EV to EBITDA of 13.53, and a Price to Book Value of 7.32, which highlight its unique position in the market despite some concerning figures like a negative ROE of -8.19%.
When compared to peers, Mahindra Logistics stands out as attractive against Container Corporation, which is deemed very expensive with a PE ratio of 31.05, and Delhivery, which is classified as risky with a PE ratio of 174.76. The recent stock performance shows that Mahindra Logistics has underperformed the Sensex significantly over the past year, with a decline of 32.72% compared to a modest increase of 1.04% for the index. This underperformance, coupled with the attractive valuation grade, suggests that the market may not fully recognize the company's potential, reinforcing the view that it is undervalued.