Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Mahindra Holidays & Resorts India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹297.02Undervalued by 34.40%vs CMP ₹221.00

P/E (95.5) × ROE (9.9%) × BV (₹38.50) × DY (2.00%)

₹165.75Overvalued by 25.00%vs CMP ₹221.00
MoS: -33.3% (Negative)Confidence: 50/100 (Moderate)Models: 2 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹321.4130%Under (+45.4%)
Graham NumberEarnings₹65.8122%Over (-70.2%)
Net Asset ValueAssets₹38.5010%Over (-82.6%)
EV/EBITDAEnterprise₹282.1112%Under (+27.7%)
Earnings YieldEarnings₹50.0010%Over (-77.4%)
ROCE CapitalReturns₹22.8010%Over (-89.7%)
Revenue MultipleRevenue₹137.627%Over (-37.7%)
Consensus (7 models)₹165.75100%Overvalued
Key Drivers: Wide model spread (₹23–₹321) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.2%

*Investments are subject to market risks

Analyst Summary

Mahindra Holidays & Resorts India Ltd operates in the Hotels, Resorts & Restaurants segment, NSE: MHRIL | BSE: 533088, current market price is ₹221.00, market cap is 4,466 Cr.. At a glance, stock P/E is 95.5, ROE is 9.90 %, ROCE is 8.12 %, book value is 38.5, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹165.75, around 25.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,781 Cr versus the prior period change of 2.8%, while latest net profit is about ₹126 Cr with a prior-period change of 8.6%. The 52-week range shown on this page is 380/208, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMahindra Holidays & Resorts India Ltd. is a Public Limited Listed company incorporated on 20/09/1996 and has its registered office in the State of Maharashtra, India. Company's Corporate Identificatio…

This summary is generated from the stock page data available for Mahindra Holidays & Resorts India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

56
Mahindra Holidays & Resorts India Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 8.1% AverageROE 9.9% AverageD/E -2.84 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.43% (6mo) SellingDII holding up 0.99% MF buyingPromoter holding at 66.7% Stable
Earnings Quality65/100 · Strong
OPM expanding (18% → 20%) Improving
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +5% YoY GrowingProfit (4Q): -28% YoY Declining
Industry Rank50/100 · Moderate
P/E 95.5 vs industry 50.5 Premium to peersROCE 8.1% vs industry 9.2% AverageROE 9.9% vs industry 7.2% Above peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 7:16 am

Market Cap 4,466 Cr.
Current Price 221
Intrinsic Value₹165.75
High / Low 380/208
Stock P/E95.5
Book Value 38.5
Dividend Yield0.00 %
ROCE8.12 %
ROE9.90 %
Face Value 10.0
PEG Ratio11.63

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mahindra Holidays & Resorts India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mahindra Holidays & Resorts India Ltd 4,466 Cr. 221 380/20895.5 38.50.00 %8.12 %9.90 % 10.0
Apeejay Surrendra Park Hotels Ltd 2,501 Cr. 117 164/95.136.5 63.00.43 %9.73 %5.40 % 1.00
Asian Hotels (North) Ltd 1,284 Cr. 301 409/24895.6 2160.00 %3.52 %0.57 % 10.0
Viceroy Hotels Ltd 899 Cr. 117 147/10439.5 21.30.00 %7.12 %7.17 % 10.0
Kamat Hotels (India) Ltd 666 Cr. 226 369/14015.9 1070.00 %15.8 %11.6 % 10.0
Industry Average1,713.33 Cr172.0350.4583.580.67%9.20%7.15%7.17

All Competitor Stocks of Mahindra Holidays & Resorts India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 602.17711.61614.31655.27634.82800.19652.86670.75678.43778.83701.40717.34752.70
Expenses 511.41546.91530.37519.70529.69612.77548.09548.04532.74574.50579.49565.22608.52
Operating Profit 90.76164.7083.94135.57105.13187.42104.77122.71145.69204.33121.91152.12144.18
OPM % 15.07%23.14%13.66%20.69%16.56%23.42%16.05%18.29%21.47%26.24%17.38%21.21%19.16%
Other Income 22.8023.7737.6316.9031.6230.1533.2335.4332.2328.3338.7532.1119.02
Interest 39.9032.6131.6033.2844.9122.4335.3037.5436.9638.3838.7348.1347.24
Depreciation 72.3378.7181.2583.7985.5486.0388.6692.4892.9991.8795.64100.60104.42
Profit before tax 1.3377.158.7235.406.30109.1114.0428.1247.97102.4126.2935.5011.54
Tax % 1,130.08%27.00%89.68%39.46%-67.14%23.74%56.70%59.14%26.14%28.77%72.73%52.28%87.78%
Net Profit -13.7256.310.8921.4310.5383.216.0811.4835.4272.957.1716.931.40
EPS in Rs -0.592.800.011.060.584.080.290.681.723.620.390.880.11

Last Updated: February 5, 2026, 2:59 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6768121,6022,2672,3172,2392,3721,7302,0132,5172,7052,7812,950
Expenses 5096231,3291,9321,9482,0551,9961,4891,6912,0362,1822,1942,328
Operating Profit 167189273335369184375241323481522587623
OPM % 25%23%17%15%16%8%16%14%16%19%19%21%21%
Other Income 14-4-427345558116163106114129118
Interest 811253286408591105126140157172
Depreciation 396698106100101247264271290337366393
Profit before tax 134107146224217981012111171160193176
Tax % 35%25%38%35%39%39%232%667%39%33%27%35%
Net Profit 87819014613360-134-146811411612698
EPS in Rs 4.364.074.347.446.613.02-6.59-0.653.375.725.726.325.00
Dividend Payout % 40%43%51%30%40%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-6.90%11.11%62.22%-8.90%-54.89%-323.33%89.55%585.71%67.65%1.75%8.62%
Change in YoY Net Profit Growth (%)0.00%18.01%51.11%-71.13%-45.98%-268.45%412.89%496.16%-518.07%-65.89%6.87%

Mahindra Holidays & Resorts India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: July 6, 2026, 6:32 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 888888133133133133200201202202202
Reserves 637418509579149-87-4850189323500576
Borrowings 1247057748108302,4342,4872,5672,6232,7383,1313,829
Other Liabilities 1,9812,4152,5872,9845,9326,1675,7485,8056,0856,3676,5626,586
Total Liabilities 2,8303,6253,9594,5057,0448,6488,3198,6219,0989,62910,39411,193
Fixed Assets 1,0321,3391,2731,4592,4393,8623,9714,1864,4184,5895,0035,741
CWIP 9575171112227250124122182244407361
Investments 1436110445332440677306573675753695
Other Assets 1,5612,1502,4112,4814,0554,1294,1474,0073,9244,1224,2314,398
Total Assets 2,8303,6253,9594,5057,0448,6488,3198,6219,0989,62910,39411,193

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 201242276551263561382498681624621531
Cash from Investing Activity + -308-379-182-547-239-281-235-257-209-448-402-217
Cash from Financing Activity + 78274-6-144-21-254-154-217-459-190-285-315
Net Cash Flow -3013788-140426-62314-13-66-1
Free Cash Flow 676812834899417263375425310295139
CFO/OP 127%111%102%173%189%167%159%136%141%110%106%102%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow167.0065.00-432.00-439.00-441.00-646.00373.00239.00321.00479.00520.00584.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 456392213164169181192204175148149150
Inventory Days 703411540499418735746592609753
Days Payable 478245271250234409480413399383
Cash Conversion Cycle 456392438330438431376530441327359520
Working Capital Days 293230150123115122451381468-5816
ROCE %19%17%16%19%20%10%10%4%8%10%9%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 66.81%66.77%66.77%66.76%66.76%66.75%66.74%66.74%66.74%66.74%66.74%66.73%
FIIs 5.19%5.23%5.26%5.34%5.31%5.37%5.36%5.42%5.44%5.51%5.30%4.01%
DIIs 10.41%10.59%10.70%10.45%10.25%10.19%10.07%10.17%10.01%10.38%11.01%11.00%
Public 17.39%17.21%17.07%17.23%17.49%17.49%17.64%17.45%17.63%17.19%16.76%18.07%
Others 0.21%0.21%0.21%0.20%0.19%0.19%0.19%0.19%0.19%0.19%0.18%0.18%
No. of Shareholders 70,62075,93476,63679,17582,83184,08084,85688,11588,96492,34793,81896,220

Shareholding Pattern Chart

No. of Shareholders

Mahindra Holidays & Resorts India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Hybrid Equity Fund 4,750,000 0.59 140.515,050,0002026-02-23 04:33:30-5.94%
UTI Aggressive Hybrid Fund 1,232,084 0.55 36.451,231,1742026-02-23 04:33:300.07%
UTI Large & Mid Cap Fund 1,095,800 0.58 32.411,092,5232026-02-23 04:33:300.3%
Quant Small Cap Fund 999,412 0.11 29.56N/AN/AN/A
HDFC Dividend Yield Fund 907,147 0.46 26.83N/AN/AN/A
UTI Retirement Fund 544,544 0.34 16.11542,7242026-02-23 04:33:300.34%
HDFC Retirement Savings Fund - Equity 405,988 0.17 12.01705,9882026-02-23 04:33:30-42.49%
ICICI Prudential Exports and Services Fund 379,928 0.81 11.24366,1492026-02-23 04:33:303.76%
Quant Multi Cap Fund 199,882 0.08 5.91N/AN/AN/A
HDFC Retirement Savings Fund - Hybrid Equity 100,000 0.17 2.96141,7192026-02-23 04:33:30-29.44%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 6.335.745.753.38-0.98
Diluted EPS (Rs.) 6.335.745.733.37-0.98
Cash EPS (Rs.) 24.4522.4920.0816.9318.80
Book Value[Excl.RevalReserv]/Share (Rs.) -13.71-19.73-25.88-32.58-55.07
Book Value[Incl.RevalReserv]/Share (Rs.) 38.7026.4719.8013.006.83
Revenue From Operations / Share (Rs.) 137.91134.20125.41100.74130.15
PBDIT / Share (Rs.) 35.1031.2028.8224.0526.23
PBIT / Share (Rs.) 16.9514.5014.3810.506.37
PBT / Share (Rs.) 9.607.948.465.530.18
Net Profit / Share (Rs.) 6.305.795.633.38-1.05
NP After MI And SOA / Share (Rs.) 6.335.735.743.38-0.98
PBDIT Margin (%) 25.4523.2522.9823.8720.15
PBIT Margin (%) 12.2910.8011.4610.424.89
PBT Margin (%) 6.965.916.745.490.14
Net Profit Margin (%) 4.564.314.493.35-0.81
NP After MI And SOA Margin (%) 4.584.274.573.35-0.75
Return on Networth / Equity (%) -46.14-28.39-21.79-10.210.00
Return on Capital Employeed (%) 3.923.983.732.921.20
Return On Assets (%) 1.201.171.230.76-0.15
Long Term Debt / Equity (X) -2.83-0.05-1.32-0.99-2.84
Total Debt / Equity (X) -3.57-2.17-1.43-1.41-2.84
Asset Turnover Ratio (%) 0.270.280.150.120.10
Current Ratio (X) 1.591.201.771.481.74
Quick Ratio (X) 1.220.961.411.151.37
Inventory Turnover Ratio (X) 4.310.000.000.000.00
Interest Coverage Ratio (X) 4.784.764.884.844.24
Interest Coverage Ratio (Post Tax) (X) 1.861.881.951.680.82
Enterprise Value (Cr.) 6471.358511.765951.135103.374503.41
EV / Net Operating Revenue (X) 2.333.152.362.532.60
EV / EBITDA (X) 9.1413.5310.2910.6212.92
MarketCap / Net Operating Revenue (X) 2.072.922.152.281.62
Price / BV (X) -20.79-19.44-10.25-6.95-3.79
Price / Net Operating Revenue (X) 2.072.922.152.281.62
EarningsYield 0.020.010.020.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Mahindra Holidays & Resorts India Ltd and is it undervalued?

As of 06 September 2026, Mahindra Holidays & Resorts India Ltd's intrinsic value is ₹165.75, which is 25.00% lower than the current market price of ₹221.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.90 %), book value (₹38.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mahindra Holidays & Resorts India Ltd?

Mahindra Holidays & Resorts India Ltd is trading at ₹221.00 as of 06 September 2026, with a FY2026-2027 high of ₹380 and low of ₹208. The stock is currently near its 52-week low. Market cap stands at ₹4,466 Cr..

How does Mahindra Holidays & Resorts India Ltd's P/E ratio compare to its industry?

Mahindra Holidays & Resorts India Ltd has a P/E ratio of 95.5, which is above the industry average of 50.45. The premium over industry average may reflect growth expectations or speculative interest.

Is Mahindra Holidays & Resorts India Ltd financially healthy?

Key indicators for Mahindra Holidays & Resorts India Ltd: ROCE of 8.12 % is on the lower side compared to the industry average of 9.20%. Dividend yield is 0.00 %.

Is Mahindra Holidays & Resorts India Ltd profitable and how is the profit trend?

Mahindra Holidays & Resorts India Ltd reported a net profit of ₹126 Cr in Mar 2025 on revenue of ₹2,781 Cr. Compared to ₹68 Cr in Mar 2022, the net profit shows an improving trend.

Does Mahindra Holidays & Resorts India Ltd pay dividends?

Mahindra Holidays & Resorts India Ltd has a dividend yield of 0.00 % at the current price of ₹221.00. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 7:16 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533088 | NSE: MHRIL
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mahindra Holidays & Resorts India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports