Mahindra & Mahindra Limited M&M NIFTY50NSEAI

Consumer Cyclical · Auto Manufacturers · India

https://www.mahindra.com

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through five segments: Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services. The company offers commercial vehicles, trucks, buses, vans, passenger cars, utility vehicles, and electric vehicles (EV), as well as motorcycles; aero and defense products; offers construction equipment, such as rotaries, tillers, loaders, and backhoes under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand. It is also involved in the provision of farm equipment, including tractors under the Mahindra, Swaraj, and Trakstar brands, as well as farm mechanization solutions, such as rotavators, cultivators, harvesters, rice transplanters, balers, sprayers, and implements and attachments; and renewable energy business comprising installation of EV chargers and provision of Li-ion batteries. In addition, the company offers financial services, such as fixed deposits, retail and other loans, leasing, SME finance, housing finance, mutual funds, and life and non-life insurance broking services, as well as vehicle and equipment financing; provides logistics services; power backup solutions, including diesel and gas generators; and technology services comprising business process, integrated engineering, infrastructure and cloud, network, application development and maintenance, supply chain digital transformation, and design services. Further, it engages in the sale of timeshare and vacation ownership through its resorts; develops and sells residential properties, and engages in the development, management, and operation of commercial complexes; and processing and trading of steel for automotive, non-automotive, and power industries. The company has a strategic partnership with Embraer S.A. for the development of C-390 Millennium multi-mission military transport aircraft in India. The company was incorporated in 1945 and is headquartered in Mumbai, India.

Market & Price

Market Cap

₹3.66 L Cr

Current Price

₹3,045.60

High / Low (52W)

₹3,802.40 / ₹2,931.10

Beta

0.38

Valuation

Stock P/E

20.00

Industry PE

26.67

Forward P/E

19.02

PEG Ratio

1.26

Book Value

₹833.12

Price to Book

3.66

P/S

1.81

EV/EBITDA

10.75

Dividend Yield

1.08%

Profitability & Returns

ROCE

17.26%

ROE

18.75%

ROA

7.07%

Profit Margin

8.46%

Op Margin

16.40%

EPS (Latest Qtr)

₹41.48

EPS (TTM)

₹152.28

Balance Sheet & Liquidity

Debt/Equity

1.25

Quick Ratio

0.53

Current Ratio

1.27

Debt

₹1.37 L Cr

Total Assets

₹3.18 L Cr

Current Assets

₹1.47 L Cr

Working Capital

₹31,041.06 Cr

Ownership

Promoter Holding

25.31%

Chg in Prom Hold

FII / Inst Holding

54.75%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹4.41 L Cr

Total Revenue (TTM)

₹2.02 L Cr

EBITDA

₹41,007.20 Cr

Free Cash Flow

₹15,655.24 Cr

Operating Cash Flow

₹11,657.36 Cr

Shares Outstanding

₹120.08 Cr

Gross Margin

39.17%

Payout Ratio

16.63%

Growth (CAGR)

Revenue 5Y

18.44%

Profit 5Y

18.48%

Revenue (YoY)

30.90%

Earnings (YoY)

44.80%

PROS

Compounding revenue at 18.4% over 5 years.
Profit CAGR of 18.5% over 5 years.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
4	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
5	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
6	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
7	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
8	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%
9	TRENT Trent Limited NIFTY50NSE	4,224.00	86.95	₹1.50 L Cr	0.14%	28.23%	27.13%	35.26%	56.97%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	41,464.98 Cr	42,585.67 Cr	45,435.88 Cr	51,579.95 Cr	54,891.55 Cr
Cost of Revenue	25,129.12 Cr	25,769.60 Cr	28,334.90 Cr	32,146.60 Cr	34,331.40 Cr
Gross Profit	16,335.86 Cr	16,816.07 Cr	17,100.98 Cr	19,433.35 Cr	20,560.15 Cr
Operating Expenses	9,605.37 Cr	10,916.65 Cr	10,329.39 Cr	11,955.66 Cr	12,466.56 Cr
Operating Income	6,730.49 Cr	5,899.42 Cr	6,771.59 Cr	7,477.69 Cr	8,093.59 Cr
EBITDA	8,949.32 Cr	9,052.04 Cr	9,622.86 Cr	11,136.81 Cr	11,264.11 Cr
Interest Expense	2,362.16 Cr	2,396.52 Cr	2,431.19 Cr	2,405.30 Cr	2,407.33 Cr
Pretax Income	5,091.99 Cr	4,626.80 Cr	5,644.11 Cr	6,568.62 Cr	6,914.10 Cr
Tax Provision	1,467.51 Cr	1,084.95 Cr	1,267.53 Cr	1,547.15 Cr	1,654.19 Cr
Net Income	3,180.58 Cr	3,295.17 Cr	4,083.32 Cr	4,674.64 Cr	4,667.57 Cr
Diluted EPS	28.40	29.04	36.43	41.69	41.48

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1.19 L Cr	1.36 L Cr	1.59 L Cr	1.98 L Cr
Cost of Revenue	-	74,645.61 Cr	84,201.95 Cr	95,742.72 Cr	1.23 L Cr
Gross Profit	-	44,394.77 Cr	51,601.08 Cr	63,007.03 Cr	74,870.40 Cr
Operating Expenses	-	28,406.16 Cr	31,991.24 Cr	38,992.72 Cr	45,476.78 Cr
Operating Income	-	15,988.61 Cr	19,609.84 Cr	24,014.31 Cr	29,393.62 Cr
EBITDA	-	24,088.42 Cr	27,848.04 Cr	34,236.66 Cr	42,097.63 Cr
Interest Expense	-	5,699.49 Cr	7,333.99 Cr	9,083.39 Cr	9,590.85 Cr
Pretax Income	-	14,060.23 Cr	15,977.79 Cr	19,079.62 Cr	25,184.76 Cr
Tax Provision	-	2,685.75 Cr	3,707.97 Cr	5,006.45 Cr	6,563.05 Cr
Net Income	-	10,281.50 Cr	11,268.64 Cr	12,929.10 Cr	17,098.85 Cr
Diluted EPS	58.83	91.96	100.70	115.06	-

Compounded Sales Growth

5 Years:	18.44%
1 Year:	30.90%

Compounded Profit Growth

5 Years:	18.48%
1 Year:	44.80%

Stock Price Performance

1 Year:	+2.03%
6 Months:	-17.00%
3 Months:	-11.29%
1 Month:	-1.68%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	2.06 L Cr	2.36 L Cr	2.78 L Cr	3.18 L Cr
Current Assets	-	91,325.44 Cr	98,265.64 Cr	1.27 L Cr	1.47 L Cr
Cash & Equivalents	-	3,493.41 Cr	4,530.10 Cr	4,923.89 Cr	4,292.24 Cr
Inventory	-	16,854.97 Cr	18,590.47 Cr	20,330.93 Cr	22,044.11 Cr
Receivables	-	7,028.02 Cr	7,459.40 Cr	8,279.70 Cr	9,064.27 Cr
Total Liabilities	-	1.39 L Cr	1.59 L Cr	1.88 L Cr	2.08 L Cr
Current Liabilities	-	70,579.41 Cr	75,545.65 Cr	90,322.01 Cr	1.16 L Cr
Long Term Debt	-	55,027.39 Cr	67,719.69 Cr	79,707.19 Cr	73,469.93 Cr
Total Debt	-	92,246.85 Cr	1.07 L Cr	1.25 L Cr	1.34 L Cr
Total Equity	-	56,365.79 Cr	66,190.55 Cr	77,038.86 Cr	93,096.35 Cr
Shares Outstanding	-	124.35 Cr	124.35 Cr	124.35 Cr	124.35 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-7,074.02 Cr	-5,629.95 Cr	3,175.81 Cr	11,657.36 Cr
Investing Cash Flow	-	-8,547.26 Cr	-5,597.77 Cr	-18,626.11 Cr	-17,707.39 Cr
Financing Cash Flow	-	15,946.11 Cr	12,281.41 Cr	15,834.11 Cr	5,391.04 Cr
Capital Expenditure	-	-6,304.57 Cr	-9,945.99 Cr	-10,391.95 Cr	-9,605.45 Cr
Free Cash Flow	-	-13,378.59 Cr	-15,575.94 Cr	-7,216.14 Cr	2,051.91 Cr
Net Change in Cash	-	324.83 Cr	1,053.69 Cr	383.81 Cr	-658.99 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	37.3%	38.0%	39.7%	37.9%
Operating Margin %	-	13.4%	14.4%	15.1%	14.9%
Net Margin %	-	8.6%	8.3%	8.1%	8.6%
ROE %	-	18.2%	17.0%	16.8%	18.4%
ROCE %	-	11.8%	12.2%	12.8%	14.6%

Shareholding Pattern

Insiders

25.31%

Institutions

54.75%

Public Float

73.30%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for M&M

No recent headlines available.

M&M · Consumer Cyclical