MFL Share Price

MFL India Limited, formerly known as My Fair Lady Limited, is a company engaged in the logistics and freight forwarding business, primarily operating as a transporter of goods across India. The company provides services that include the transportation of industrial and consumer goods via road and rail networks. The MFL India share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

Market sentiment around the MFL India stock price often mirrors shifts in industrial production patterns, demand from manufacturing sectors, and investor views on the logistics sector‘s growth prospects. Factors such as the pace of fleet expansion, competitive intensity from larger logistics players, fuel price volatility, and government policies on infrastructure and GST influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the MFL India stock price movements. 

MFL India live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of MFL India live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the MFL India share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company‘s valuation and overall investment outlook. 

MFL India Limited Company Fundamentals 

A. Company Background 

MFL India Limited was incorporated in 1981. The company’s registered office is located in Bhopal, Madhya Pradesh. The company was erstwhile incorporated as My Fair Lady Limited in November 1981. It operates as a small-cap entity within the logistics sector, having a market capitalisation of approximately Rs 14 crore. The primary activity of the company involves the transportation and logistics of goods, mainly engaging in freight and cargo services. MFL India primarily operates in the domestic market and has faced challenges typical of the fragmented Indian logistics industry, including intense price competition, high operational costs, and reliance on the manufacturing economy‘s health. Over the years, the company has consistently reported modest revenue, with standalone sales reaching Rs 17.83 crore for the quarter ended December 2025, an 11.65% increase from the previous quarter. The company operates in a highly competitive environment, facing competition from both unorganised players and established logistics corporations. 

B. Product Lines 

• Goods and cargo transportation via road networks 

• Freight forwarding services for industrial and consumer goods 

• Warehousing and distribution support services 

• Logistics management and supply chain solutions 

• Full truckload (FTL) shipping for bulk cargo 

• Part truckload (PTL) shipping for smaller consignments 

• Inter-modal logistics using rail and road combinations 

• Third-party logistics (3PL) services for manufacturing clients 

• Contract logistics for long-term industrial customers 

• Cold chain logistics for temperature-sensitive goods (if applicable) 

C. Company Revenue Model 

• Primary revenue from transporting goods across India via road 

• Freight charge revenue based on distance, weight, and type of goods 

• Contract-based revenue through long-term agreements with industrial customers 

• Volume-driven revenue model dependent on overall goods traffic in the economy 

• Spot market revenue from spot freight movement for diverse clients 

• Warehousing and storage fees from clients requiring inventory management 

• Service income from ancillary logistics support and cargo handling 

• Seasonal variations in demand for transportation affecting revenue patterns throughout the year 

• Fuel price fluctuations affecting net revenue realisation from freight charges 

• Government infrastructure spending influencing overall logistics demand 

D. Geographic Presence 

• Operations focused on the domestic Indian market with headquarters in Bhopal, Madhya Pradesh 

• Transportation network covering key industrial and commercial regions across India 

• No significant international presence reported 

• Geographic coverage includes major states with manufacturing activity and commercial hubs 

E. Key Milestones 

• 1981: Incorporated as My Fair Lady Limited in November in Bhopal, Madhya Pradesh 

• 2023-25: Company continued operations in the competitive logistics sector 

• 2025: Reported standalone sales of Rs 17.83 crore for the quarter ended December 2025, an 11.65% increase over the previous quarter 

MFL India Limited Industry Perspective 

MFL India operates in the Indian logistics and freight forwarding industry, which is a significant component of the broader transportation and supply chain sector. Globally, the logistics market was valued at approximately USD 8 trillion in 2024 and is projected to reach USD 12 trillion by 2029, growing at a CAGR of 6.5% driven by supply chain modernisation. The Asia-Pacific region accounts for over 40% of global logistics demand. In India, the logistics sector is valued at approximately USD 349 billion in 2025 and is projected to reach USD 500 billion by 2030, growing at a CAGR of 9.32%, according to industry estimates. India‘s freight and logistics market is expected to grow to nearly USD 384 billion in 2026, reflecting sustained expansion driven by infrastructure investments, manufacturing growth, and the rapid rise of e-commerce. The logistics sector in India is expected to grow at a CAGR of 8-10%, reaching USD 400-500 billion by 2030, supported by industrial expansion, infrastructure upgrades, and increasing consumption in Tier 2 and Tier 3 cities. The IMF has revised India’s GDP growth forecast for FY 2025-26 upward to 7.3%. The Indian Medium and Heavy Commercial Vehicles (M&HCV) industry appears to be entering the next upcycle, with volumes expected to grow 8-10% year-on-year in 2025-26-2026-27. Key challenges include high operational costs (fuel, tolls), consolidation in the fragmented sector, and regulatory compliance with GST. Demand is driven by e-commerce growth, industrial expansion, and government infrastructure spending under the National Logistics Policy. 

MFL India Limited Stock Market Presence: Listings & Index Representation 

MFL India is actively traded on the Bombay Stock Exchange (BSE) with the scrip code 526622. The company is also listed on the National Stock Exchange of India (NSE) under the symbol MFLINDIA. Its listing on both exchanges ensures that the MFL India share price is accessible to a wide investor base. The company was incorporated in November 1981 and has been listed for several decades. The company has a face value of Rs 10 per share. The company forms part of the BSE Smallcap index and the BSE AllCap index, and it is classified under the Logistics industry. Being represented in these indices enhances the visibility and liquidity of the MFL India share price, as index tracking funds may adjust allocations in line with constituent revisions. It also allows investors to benchmark the company‘s stock performance relative to broader market trends and peer groups within India’s transportation landscape. The inclusion of MFL India in these indices reflects its market capitalisation, which fluctuates around Rs 14-18 crore. 

MFL India Limited Stock Performance and Share Price History 

The MFL India share price has exhibited high volatility over recent years, shaped by the company‘s microcap status in India’s logistics sector. The MFL India share price recorded a negative return of -18.37% over the last 1 year as of 2025, underperforming the Indian logistics sector. The MFL India share price delivered a 3-year return of -16.08% as of April 2026, indicating significant long-term value erosion for shareholders. The MFL India share price reached a 52-week high and low within a narrow range, reflecting the stock‘s low liquidity. The MFL India share price declined from its IPO levels, with the current trading price around Rs 0.39-0.40. The MFL India share price has shown a 1-month return reflecting recent near-term weakness, continuing the trend of negative performance over longer periods. 

The MFL India stock price has been particularly responsive to quarterly earnings releases regarding revenue and profit margins. When the company reported an 11.65% sequential increase in standalone sales to Rs 17.83 crore, the MFL India stock price showed limited reaction due to persistent profitability challenges. The MFL India share price has shown a pattern of gradual decline with occasional stabilisation, while periods of macroeconomic uncertainty have contributed to ongoing weakness in the MFL India stock price. The MFL India share price has shown extreme underperformance relative to the broader market. The MFL India share price reached its 52-week highs before declining, reflecting the volatility inherent in the small-cap logistics space. The MFL India share price has shown a year-to-date return reflecting continued pressure in the current fiscal year. Comprehending these patterns in the MFL India share price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the MFL India stock price movements illustrate how industry fundamentals, fuel price cycles, and investor expectations converge in market pricing. 

The MFL India share price has shown distinct annual performance patterns. The MFL India share price delivered its strongest annual returns in years when the logistics sector performed well and the company maintained operational stability. The stock recorded negative annual returns in 2024 with a return of -30.00%, and in 2025 with a return of -18.37%, indicating significant underperformance. Historically, the MFL India share price has demonstrated that the stock tends to perform better in periods of high industrial activity and supportive freight rates, while underperforming during phases of economic slowdown and rising fuel costs. The MFL India share price currently trades at Rs 0.39 (BSE) as of April 2026. The MFL India share price has shown a market capitalisation of approximately Rs 14-18 crore as of recent periods. 

MFL India Limited Investor Relevance and Role in Portfolio 

MFL India holds an insignificant position for portfolio investors due to its microcap status and lack of institutional participation. The company‘s presence in the logistics sector aligns it with investment strategies that value supply chain exposure, though institutional investors largely avoid the stock due to regulatory issues and lack of consistent profitability. The MFL India share price often reflects the broader challenges faced by small logistics companies with limited scale. 

Institutional stakeholders play a negligible role in MFL India’s ownership profile, with total promoters holding only 0.42% of the company‘s shares. Individual shareholders hold 97.04% of the shares, with Anil Thukral being the largest promoter at 0.42%. Mutual fund holdings in MFL India remain at 0%, with Foreign Institutional Investors at 0% and Domestic Institutional Investors at 0%. Institutional holds 0.75% (insurance companies 0.33%) and Non-Institutional holds 29.95% as public shareholders. Retail investors account for 99.58% of public shareholding, reflecting the stock’s status as a retail-oriented speculative stock. 

Based on data, the long-term beta of MFL India is not reliably available due to inconsistent trading volumes. On a daily basis, limited reliable price data exists given the company‘s microcap status. Moving to weekly observations, the weekly volatility of approximately 5-7% has been variable. The MFL India share price has shown periods of heightened responsiveness to quarterly earnings due to its small-cap nature. The MFL India stock price reflects that the company’s limited size may result in elevated volatility, though the logistics sector remains sensitive to fuel price fluctuations and industrial demand. 

MFL India Limited Sectoral Relevance and Peer Positioning 

The sector relevance of MFL India is anchored in its role within the broader Indian logistics and supply chain industry, where it competes with other freight and transportation providers. Competitors in the logistics segment include companies such as Transport Corporation of India Limited, VRL Logistics Limited, Mahindra Logistics Limited, Container Corporation of India Limited, Gati Limited, Allcargo Logistics Limited, Snowman Logistics Limited, and TCI Express Limited. Firms with parallels in either fleet size or regional coverage are often referenced when evaluating relative performance within the industry. 

In valuation terms, factors like the MFL India P/E ratio have shown significant variations over different periods, reflecting the company’s inconsistent profitability. The P/E ratio stands at approximately 11-20 times depending on the data source. The PB ratio is negative (e.g., -5.87, -6.09, -6.74), indicating that the company‘s net asset value is negative and that its total liabilities may exceed its total assets. The TTM EPS is Rs 0.02. MFL India earnings for the full year recorded a net loss in recent periods, with the company’s earnings volatility reflecting its struggle to maintain consistent profitability in the competitive logistics market. The company reported standalone sales of Rs 17.83 crore for the quarter ended December 2025, an 11.65% increase from the previous quarter and a 38.79% increase year-on-year, but profitability remained a challenge. MFL India market cap has fluctuated around Rs 14-18 crore range, reflecting the company’s microcap status. 

Over the years, the MFL India market cap has remained extremely small, reflecting the company’s microcap status. The market cap has fluctuated between approximately Rs 14 crore and Rs 18 crore over recent periods. This limited size restricts institutional participation and the MFL India share price remains highly sensitive to small trading volumes. 

MFL India earnings over the past five years have been characterised by marginal profitability with losses in some years and modest profits in others. Net profit has turned marginally positive from negative territory. The P/E ratio has varied across periods, with the PB ratio negative for most recent years, highlighting the asset light but liability-heavy nature of the transportation business. 

The MFL India EPS has remained at Rs 0.02 or negligible values across most recent periods, with TTM EPS at Rs 0.02. Over the long history of the company, earnings per share have remained negligible. The P/E ratio has fluctuated between 10-20 times. The MFL India share price continues to be evaluated in the context of its earnings potential and market position, but with the company’s negative book value and tiny profit margins, the stock remains highly speculative. The MFL India stock price remains highly illiquid, reflecting market concerns about the company’s ability to improve profitability and scale operations in India‘s competitive logistics industry. 

Summary 

MFL India is a microcap logistics company listed on both the NSE and BSE, where the MFL India share price reflects industrial demand cycles, freight rate movements, and fuel price dynamics within the transportation sector. Its representation on stock indices supports basic market visibility, while investor interest is limited by small scale and profitability challenges. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s logistics market.