Is Mahindra Logis. overvalued or undervalued?

As of 29 August 2025, Mahindra Logistics has moved from a fair to an attractive valuation grade, indicating a shift in its perceived value. The company is currently considered undervalued based on its headline ratios, which include a PE ratio of -84.06, an EV to EBITDA of 13.30, and a Price to Book Value of 7.17. These figures suggest that the market may not be fully recognizing the company's potential, especially given the negative PE ratio, which is a notable outlier in comparison to its peers.
In terms of peer comparison, Mahindra Logistics stands out against Container Corporation, which has a PE ratio of 30.41 and is classified as very expensive, and Transport Corporation, which is rated fair with a PE of 20.79. This highlights that Mahindra Logistics is trading at a significantly lower valuation despite its attractive grade. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -16.57% compared to the Sensex's 2.14%, further reinforcing the notion that it may be undervalued in the current market.