Mahindra & Mahindra Limited M&M NIFTY50NSEAI
Company Overview
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services segments. The Automotive segment provides automobiles, two wheelers, spares, construction equipment and related services. The Farm Equipment segment sells tractors, implements, spares, powerol, and related services. The Auto Investments segment invests in automotive-related subsidiaries, associates and joint ventures. The Farm Investments segment is involved in the investment of farm equipment related subsidiaries, associates, and joint ventures. The Industrial Businesses and Consumer Services' segment invests in automotive & farm related subsidiaries, associates and joint ventures. The company was incorporated in 1945 and is headquartered in Mumbai, India.
Why Investors Should Care
Generates a return on equity of 18.4%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 17.1%.
Net profit has compounded at 18.5% per year over the last five years.
Revenue has grown at a 17.5% CAGR over the past five years.
Trades at a P/E of 20.4, below the sector median of 30.4.
Operating margin of 15.6% supports profitability.
Recent Developments
- Mar 2026 Revenue of ₹1.93 L Cr (+24.1% YoY); net profit ₹17,098.85 Cr.
- Trailing 12 Months Year-on-year growth — revenue +24.1%, earnings +32.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 17.5%, profit CAGR 18.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 17.50% |
| 1 Year: | 24.06% |
Compounded Profit Growth
| 5 Years: | 18.48% |
| 1 Year: | 32.25% |
Stock Price Performance
| 1 Year: | -0.66% |
| 6 Months: | -14.68% |
| 3 Months: | -1.84% |
| 1 Month: | +0.11% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Mahindra & Mahindra is embedding AI across its EV and automotive portfolio. The BE/XEV electric SUV lineup (launched FY25) features AI-powered ADAS (lane assist, automatic emergency braking), connected car AI (Adrenox platform), and OTA software updates. M&M also uses AI in manufacturing (predictive maintenance at Chakan plant) and AI for farm equipment (autonomous tractor project).
- AI in connected & electric vehicles Mahindra embeds AI in ADAS, connected-car features and its born-electric SUV platforms, raising software content per vehicle.
- AI in farm equipment & agritech Precision-farming AI, telematics and its Krish-e digital platform bring data-driven services to tractors and farmers.
- Group tech & data (Tech Mahindra link) Access to group AI capabilities and a large customer dataset supports analytics across auto, farm and financial-services arms.
- AI lifts content and services revenue across autos, farm equipment and mobility.
- Outstanding ~62% five-year profit CAGR and ROE ~21% reflect strong execution.
- Agritech and EV software give optionality beyond hardware sales.
- Reasonable P/E ~21 for a diversified, well-run franchise.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 17.5% 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.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 5 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 6 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 7 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 8 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
| 9 | TMCV TATA MOTORS LIMITED NSE | 420.50 | 51.09 | ₹1.55 L Cr | 0.95% | 25.51% | 23.79% | -56.02% | -69.25% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32,456.00 Cr | 33,892.00 Cr | 34,436.00 Cr | 35,299.00 Cr | 35,452.00 Cr | 37,218.00 Cr | 37,924.00 Cr | 41,464.98 Cr | 42,585.67 Cr | 45,435.88 Cr | 46,106.00 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 | 26,798.00 Cr | 27,642.00 Cr | 28,706.00 Cr | 29,075.00 Cr | 28,848.00 Cr | 29,975.00 Cr | 30,790.00 Cr | 9,605.37 Cr | 10,916.65 Cr | 10,329.39 Cr | 37,166.00 Cr | 11,955.66 Cr | 12,466.56 Cr |
| Operating Income | 4,464.00 Cr | 5,121.00 Cr | 4,591.00 Cr | 5,101.00 Cr | 5,269.00 Cr | 5,995.00 Cr | 5,831.00 Cr | 6,730.49 Cr | 5,899.42 Cr | 6,771.59 Cr | 7,271.00 Cr | 7,477.69 Cr | 8,093.59 Cr |
| EBITDA | 5,658.00 Cr | 6,249.00 Cr | 5,730.00 Cr | 6,224.00 Cr | 6,604.00 Cr | 7,243.00 Cr | 7,133.00 Cr | 8,949.32 Cr | 9,052.04 Cr | 9,622.86 Cr | 8,940.00 Cr | 11,136.81 Cr | 11,264.11 Cr |
| Interest Expense | 1,634.00 Cr | 1,719.00 Cr | 1,835.00 Cr | 1,945.00 Cr | 1,989.00 Cr | 2,108.00 Cr | 2,217.00 Cr | 2,362.16 Cr | 2,396.52 Cr | 2,431.19 Cr | 2,347.00 Cr | 2,405.30 Cr | 2,407.33 Cr |
| Pretax Income | 3,492.00 Cr | 4,468.00 Cr | 3,568.00 Cr | 3,912.00 Cr | 4,030.00 Cr | 4,621.00 Cr | 4,740.00 Cr | 5,091.99 Cr | 4,626.80 Cr | 5,644.11 Cr | 6,058.00 Cr | 6,568.62 Cr | 6,914.10 Cr |
| Tax Provision | 488.88 Cr | 804.24 Cr | 1,070.40 Cr | 938.88 Cr | 886.60 Cr | 1,062.83 Cr | 1,374.60 Cr | 1,467.51 Cr | 1,084.95 Cr | 1,267.53 Cr | 2,120.30 Cr | 1,547.15 Cr | 1,654.19 Cr |
| Net Income | 2,998.00 Cr | 3,684.00 Cr | 2,484.00 Cr | 2,977.00 Cr | 3,125.00 Cr | 3,546.00 Cr | 3,361.00 Cr | 3,180.58 Cr | 3,295.17 Cr | 4,083.32 Cr | 3,964.00 Cr | 4,674.64 Cr | 4,667.57 Cr |
| Diluted EPS | 21.20 | 28.21 | 18.88 | 21.38 | 22.15 | 26.40 | 25.50 | 28.40 | 29.04 | 36.43 | 29.54 | 41.69 | 41.48 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 71,448.00 Cr | 75,841.00 Cr | 83,773.00 Cr | 92,094.00 Cr | 1.05 L Cr | 75,382.00 Cr | 74,278.00 Cr | - | 1.19 L Cr | 1.36 L Cr | 1.56 L Cr | 1.93 L Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 74,645.61 Cr | 84,201.95 Cr | 96,378.07 Cr | 1.24 L Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 44,394.77 Cr | 51,601.08 Cr | 59,267.19 Cr | 69,379.67 Cr |
| Operating Expenses | 62,655.00 Cr | 65,759.00 Cr | 73,038.00 Cr | 78,868.00 Cr | 89,514.00 Cr | 65,224.00 Cr | 62,791.00 Cr | - | 28,406.16 Cr | 31,991.24 Cr | 34,689.94 Cr | 39,351.07 Cr |
| Operating Income | 6,669.00 Cr | 7,640.00 Cr | 7,922.00 Cr | 9,946.00 Cr | 11,216.00 Cr | 6,791.00 Cr | 8,109.00 Cr | - | 15,988.61 Cr | 19,609.84 Cr | 24,577.25 Cr | 30,028.60 Cr |
| EBITDA | 8,793.00 Cr | 10,082.00 Cr | 10,735.00 Cr | 13,226.00 Cr | 15,207.00 Cr | 10,158.00 Cr | 11,487.00 Cr | - | 24,088.42 Cr | 27,848.04 Cr | 33,491.59 Cr | 41,228.42 Cr |
| Interest Expense | 3,157.00 Cr | 3,368.00 Cr | 3,648.00 Cr | 3,987.00 Cr | 5,021.00 Cr | 6,021.00 Cr | 6,102.00 Cr | - | 5,699.49 Cr | 7,333.99 Cr | 8,853.79 Cr | 9,353.86 Cr |
| Pretax Income | 4,313.00 Cr | 5,672.00 Cr | 6,350.00 Cr | 10,326.00 Cr | 8,871.00 Cr | 1,655.00 Cr | 3,158.00 Cr | - | 14,060.23 Cr | 15,977.79 Cr | 19,079.62 Cr | 25,184.76 Cr |
| Tax Provision | 1,725.20 Cr | 2,098.64 Cr | 2,286.00 Cr | 2,374.98 Cr | 2,838.72 Cr | 1,969.45 Cr | 1,642.16 Cr | - | 2,685.75 Cr | 3,707.97 Cr | 5,006.45 Cr | 6,563.05 Cr |
| Net Income | 3,381.00 Cr | 3,554.00 Cr | 4,051.00 Cr | 7,958.00 Cr | 6,017.00 Cr | -321.00 Cr | 1,512.00 Cr | - | 10,281.50 Cr | 11,268.64 Cr | 12,929.10 Cr | 17,098.85 Cr |
| Diluted EPS | 25.26 | 25.35 | 29.77 | 60.41 | 42.76 | 1.02 | 14.58 | - | 91.96 | 100.70 | 115.06 | 152.18 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 94,376.00 Cr | 99,852.00 Cr | 1.14 L Cr | 1.36 L Cr | 1.62 L Cr | 1.66 L Cr | 1.65 L Cr | - | 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 | 37,911.00 Cr | 41,553.00 Cr | 48,762.00 Cr | 55,898.00 Cr | 70,848.00 Cr | 82,092.00 Cr | 80,625.00 Cr | - | 92,246.85 Cr | 1.07 L Cr | 1.25 L Cr | 1.34 L Cr |
| Total Equity | 25,857.00 Cr | 26,492.00 Cr | 29,778.00 Cr | 36,775.00 Cr | 39,983.00 Cr | 39,969.00 Cr | 41,582.00 Cr | - | 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,055.00 Cr | 2,385.00 Cr | 183.00 Cr | 682.00 Cr | -4,347.00 Cr | -1,457.00 Cr | 17,909.00 Cr | - | -7,074.02 Cr | -5,629.95 Cr | 3,175.81 Cr | 11,657.36 Cr |
| Investing Cash Flow | -4,357.00 Cr | -5,506.00 Cr | -5,875.00 Cr | -5,467.00 Cr | -7,174.00 Cr | -6,870.00 Cr | -19,686.00 Cr | - | -8,547.26 Cr | -5,597.77 Cr | -18,626.11 Cr | -17,707.39 Cr |
| Financing Cash Flow | 1,669.00 Cr | 2,967.00 Cr | 6,108.00 Cr | 6,314.00 Cr | 13,194.00 Cr | 6,933.00 Cr | 406.00 Cr | - | 15,946.11 Cr | 12,281.41 Cr | 15,834.11 Cr | 5,391.04 Cr |
| Capital Expenditure | -4,716.00 Cr | -4,114.00 Cr | -4,963.00 Cr | -5,791.00 Cr | -7,199.00 Cr | -6,794.00 Cr | -4,626.00 Cr | - | -6,304.57 Cr | -9,945.99 Cr | -10,391.95 Cr | -9,605.45 Cr |
| Free Cash Flow | -3,661.00 Cr | -1,729.00 Cr | -4,780.00 Cr | -5,109.00 Cr | -11,546.00 Cr | -8,251.00 Cr | 13,283.00 Cr | - | -13,378.59 Cr | -15,575.94 Cr | -7,216.14 Cr | 2,051.91 Cr |
| Net Change in Cash | -1,633.00 Cr | -154.00 Cr | 416.00 Cr | 1,529.00 Cr | 1,672.00 Cr | -1,394.00 Cr | -1,370.00 Cr | - | 324.83 Cr | 1,053.69 Cr | 383.81 Cr | -658.99 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 37.3% | 38.0% | 38.1% | 35.9% |
| Operating Margin % | 9.3% | 10.1% | 9.5% | 10.8% | 10.7% | 9.0% | 10.9% | - | 13.4% | 14.4% | 15.8% | 15.6% |
| Net Margin % | 4.7% | 4.7% | 4.8% | 8.6% | 5.7% | -0.4% | 2.0% | - | 8.6% | 8.3% | 8.3% | 8.9% |
| ROE % | 13.1% | 13.4% | 13.6% | 21.6% | 15.0% | -0.8% | 3.6% | - | 18.2% | 17.0% | 16.8% | 18.4% |
| ROCE % | - | - | - | - | - | - | - | - | 11.8% | 12.2% | 13.1% | 14.9% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for M&M
Indian shares dip, rupee slips to record low on elevated oil prices - Reuters
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Stock Market Mid-Day Report, July 6, 2026: Markets Maintain Rise, Follow Asian Counterparts as Oil Prices Dip on OPEC+ Production Increase - HDFC Sky
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Mahindra & Mahindra stock rating: HSBC bullish, Nomura eyes EV policy tailwinds; check target price - Moneycontrol.com
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Interested In Mahindra & Mahindra's (NSE:M&M) Upcoming ₹33.00 Dividend? You Have Three Days Left - simplywall.st
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M&M total sales rise 32% to 103,502 units in June 2026 - scanx.trade
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M&M — Frequently Asked Questions
What is the current share price of Mahindra & Mahindra Limited (M&M)?
As of 2026-07-15 09:52 IST, Mahindra & Mahindra Limited (M&M) trades at ₹3,108.80 on NSE. Its 52-week range is ₹2,900.64 to ₹3,762.88.
What is the market capitalisation of M&M?
Mahindra & Mahindra Limited (M&M) has a market capitalisation of ₹3.87 L Cr on NSE.
What is the P/E ratio of M&M?
M&M trades at a trailing price-to-earnings (P/E) ratio of 20.43. The industry average P/E is 30.43. Its price-to-book (P/B) ratio is 3.79.
Does M&M pay a dividend?
Mahindra & Mahindra Limited (M&M) currently offers a dividend yield of 1.05%.
What is the return on equity (ROE) of M&M?
M&M has a return on equity (ROE) of 18.37%. Its return on capital employed (ROCE) is 17.14%.
Is M&M a good stock to buy?
This page provides a data-driven analysis of Mahindra & Mahindra Limited (M&M), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.