Share Price and Basic Stock Data
Last Updated: October 22, 2025, 4:21 am
| PEG Ratio | 2.07 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Mahindra & Mahindra Ltd, a key player in the Indian automotive sector, reported a sales figure of ₹121,269 Cr for the fiscal year ending March 2023, reflecting a substantial increase from ₹90,171 Cr in the previous fiscal year. This upward trend continued with reported sales of ₹139,078 Cr for FY 2024 and is projected to reach ₹159,211 Cr in FY 2025. The company’s quarterly sales have shown consistent growth, with ₹33,892 Cr in June 2023 and ₹34,436 Cr in September 2023. This growth trajectory indicates a robust demand for Mahindra’s vehicles, particularly in the SUV segment, where it holds a significant market share. The operating profit margin (OPM) improved from 17% in FY 2023 to 18% in FY 2024, showcasing enhanced operational efficiency. The company’s ability to capitalize on the growing preference for personal mobility in India positions it well against competitors in the automotive industry.
Profitability and Efficiency Metrics
Mahindra & Mahindra demonstrated commendable profitability metrics, with a net profit of ₹14,073 Cr reported for FY 2025, up from ₹11,374 Cr in FY 2023. The earnings per share (EPS) also rose to ₹103.97 in FY 2025 from ₹82.68 in FY 2023, indicating strong profitability growth. The return on equity (ROE) stood at 18% while the return on capital employed (ROCE) was recorded at 14% for FY 2025, reflecting efficient capital utilization. The interest coverage ratio (ICR) of 3.61x signifies that the company’s earnings are sufficient to cover interest expenses, reducing financial risk. The cash conversion cycle (CCC) improved to -21 days, indicating efficient management of working capital, which positively impacts liquidity. However, the operating profit margin (OPM) slightly declined to 18% in the latest quarter, suggesting potential pressures on cost management that may need addressing.
Balance Sheet Strength and Financial Ratios
Mahindra & Mahindra’s balance sheet reveals a strong financial position, with total borrowings of ₹129,025 Cr against reserves of ₹76,481 Cr, resulting in a debt-to-equity ratio of 1.56x. This ratio is relatively high compared to industry norms, which typically range from 0.5x to 1.0x, indicating a higher reliance on debt financing. The company’s current ratio stood at 1.30, reflecting adequate liquidity to cover short-term obligations. Additionally, the quick ratio of 1.05 suggests that the company maintains a healthy buffer of liquid assets. The price-to-book value (P/BV) ratio of 3.24x indicates that investors are willing to pay a premium for the stock, reflecting confidence in its future growth prospects. However, the rising borrowings over the past few years could pose risks if not managed effectively, particularly in a rising interest rate environment.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Mahindra & Mahindra reveals a diversified ownership structure, with promoters holding 18.43% of the company as of March 2025. Foreign institutional investors (FIIs) have a significant stake of 38.53%, while domestic institutional investors (DIIs) hold 29.57%. The public shareholding stands at 9.77%, indicating a healthy level of retail participation in the company. The number of shareholders increased to 8,64,189, demonstrating growing investor interest. The stability in promoter holdings and the increasing presence of institutional investors reflect confidence in the company’s growth trajectory. However, the slight decline in promoter shareholding from 19.38% in September 2022 to the current level may raise concerns regarding long-term commitment. Overall, the investor confidence appears robust, supported by the company’s strong financial performance.
Outlook, Risks, and Final Insight
If Mahindra & Mahindra can sustain its sales momentum and manage operational costs effectively, it stands to benefit from the growing demand in the automotive sector. The increasing focus on electric vehicles (EVs) and sustainable mobility presents both opportunities and challenges, necessitating strategic investments in technology and infrastructure. However, potential risks include rising interest rates, which could impact borrowing costs and consumer financing, along with supply chain disruptions that may affect production efficiency. Additionally, maintaining margins amidst increasing competition in the SUV segment will be crucial. If the company navigates these challenges successfully and continues to innovate, it can enhance its market position and deliver long-term shareholder value.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Mahindra & Mahindra Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd | 4,50,307 Cr. | 3,621 | 3,724/2,360 | 32.8 | 620 | 0.70 % | 13.9 % | 18.0 % | 5.00 |
| Industry Average | 450,307.00 Cr | 3,621.00 | 32.80 | 620.00 | 0.70% | 13.90% | 18.00% | 5.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28,414 | 29,870 | 30,621 | 32,456 | 33,892 | 34,436 | 35,299 | 35,452 | 37,218 | 37,924 | 41,470 | 42,599 | 45,529 |
| Expenses | 24,016 | 24,802 | 25,368 | 26,798 | 27,642 | 28,706 | 29,075 | 28,848 | 29,975 | 30,790 | 33,239 | 34,688 | 37,301 |
| Operating Profit | 4,399 | 5,068 | 5,254 | 5,658 | 6,249 | 5,730 | 6,224 | 6,604 | 7,243 | 7,133 | 8,231 | 7,911 | 8,228 |
| OPM % | 15% | 17% | 17% | 17% | 18% | 17% | 18% | 19% | 19% | 19% | 20% | 19% | 18% |
| Other Income | 675 | 1,348 | 1,184 | 662 | 1,065 | 812 | 756 | 750 | 733 | 1,126 | 719 | 1,141 | 1,395 |
| Interest | 1,219 | 1,382 | 1,596 | 1,634 | 1,719 | 1,835 | 1,945 | 1,989 | 2,108 | 2,217 | 2,362 | 2,397 | 2,431 |
| Depreciation | 960 | 1,092 | 1,110 | 1,194 | 1,128 | 1,139 | 1,123 | 1,335 | 1,248 | 1,302 | 1,495 | 2,029 | 1,548 |
| Profit before tax | 2,894 | 3,943 | 3,732 | 3,492 | 4,468 | 3,568 | 3,912 | 4,030 | 4,621 | 4,740 | 5,092 | 4,627 | 5,644 |
| Tax % | 18% | 23% | 20% | 14% | 18% | 30% | 24% | 22% | 23% | 29% | 29% | 23% | 22% |
| Net Profit | 2,361 | 3,021 | 2,994 | 2,998 | 3,684 | 2,484 | 2,977 | 3,125 | 3,546 | 3,361 | 3,624 | 3,542 | 4,377 |
| EPS in Rs | 17.66 | 22.30 | 21.53 | 21.20 | 28.21 | 18.88 | 21.38 | 22.15 | 26.40 | 25.50 | 25.58 | 26.50 | 32.84 |
Last Updated: August 1, 2025, 5:35 pm
Below is a detailed analysis of the quarterly data for Mahindra & Mahindra Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 45,529.00 Cr.. The value appears strong and on an upward trend. It has increased from 42,599.00 Cr. (Mar 2025) to 45,529.00 Cr., marking an increase of 2,930.00 Cr..
- For Expenses, as of Jun 2025, the value is 37,301.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 34,688.00 Cr. (Mar 2025) to 37,301.00 Cr., marking an increase of 2,613.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 8,228.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,911.00 Cr. (Mar 2025) to 8,228.00 Cr., marking an increase of 317.00 Cr..
- For OPM %, as of Jun 2025, the value is 18.00%. The value appears to be declining and may need further review. It has decreased from 19.00% (Mar 2025) to 18.00%, marking a decrease of 1.00%.
- For Other Income, as of Jun 2025, the value is 1,395.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,141.00 Cr. (Mar 2025) to 1,395.00 Cr., marking an increase of 254.00 Cr..
- For Interest, as of Jun 2025, the value is 2,431.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,397.00 Cr. (Mar 2025) to 2,431.00 Cr., marking an increase of 34.00 Cr..
- For Depreciation, as of Jun 2025, the value is 1,548.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,029.00 Cr. (Mar 2025) to 1,548.00 Cr., marking a decrease of 481.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 5,644.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,627.00 Cr. (Mar 2025) to 5,644.00 Cr., marking an increase of 1,017.00 Cr..
- For Tax %, as of Jun 2025, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 23.00% (Mar 2025) to 22.00%, marking a decrease of 1.00%.
- For Net Profit, as of Jun 2025, the value is 4,377.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,542.00 Cr. (Mar 2025) to 4,377.00 Cr., marking an increase of 835.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 32.84. The value appears strong and on an upward trend. It has increased from 26.50 (Mar 2025) to 32.84, marking an increase of 6.34.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:54 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74,001 | 71,448 | 75,841 | 83,773 | 92,094 | 104,721 | 75,382 | 74,278 | 90,171 | 121,269 | 139,078 | 159,211 | 167,522 |
| Expenses | 63,830 | 62,655 | 65,759 | 73,038 | 78,868 | 89,514 | 65,224 | 62,791 | 75,488 | 100,983 | 114,186 | 128,693 | 136,019 |
| Operating Profit | 10,170 | 8,793 | 10,082 | 10,735 | 13,226 | 15,207 | 10,158 | 11,487 | 14,683 | 20,285 | 24,892 | 30,518 | 31,503 |
| OPM % | 14% | 12% | 13% | 13% | 14% | 15% | 13% | 15% | 16% | 17% | 18% | 19% | 19% |
| Other Income | 773 | 800 | 1,399 | 2,077 | 4,366 | 2,676 | 885 | 1,152 | 3,204 | 3,961 | 3,298 | 3,718 | 4,380 |
| Interest | 2,954 | 3,157 | 3,368 | 3,648 | 3,987 | 5,021 | 6,021 | 6,102 | 5,018 | 5,830 | 7,488 | 9,083 | 9,407 |
| Depreciation | 2,170 | 2,124 | 2,442 | 2,813 | 3,280 | 3,991 | 3,367 | 3,378 | 3,508 | 4,357 | 4,724 | 6,074 | 6,373 |
| Profit before tax | 5,820 | 4,313 | 5,672 | 6,350 | 10,326 | 8,871 | 1,655 | 3,158 | 9,362 | 14,060 | 15,978 | 19,080 | 20,103 |
| Tax % | 26% | 40% | 37% | 36% | 23% | 32% | 119% | 52% | 23% | 19% | 23% | 26% | |
| Net Profit | 5,154 | 3,381 | 3,554 | 4,051 | 7,958 | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,270 | 14,073 | 14,904 |
| EPS in Rs | 37.89 | 25.26 | 25.35 | 29.77 | 60.41 | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 | 90.62 | 103.97 | 110.42 |
| Dividend Payout % | 18% | 23% | 21% | 22% | 11% | 17% | 205% | 54% | 20% | 18% | 21% | 22% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -34.40% | 5.12% | 13.98% | 96.45% | -24.39% | -105.33% | 571.03% | 379.70% | 56.82% | 7.88% | 14.69% |
| Change in YoY Net Profit Growth (%) | 0.00% | 39.52% | 8.87% | 82.46% | -120.84% | -80.94% | 676.36% | -191.33% | -322.88% | -48.94% | 6.82% |
Mahindra & Mahindra 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 25, 2025, 2:49 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 295 | 296 | 270 | 311 | 543 | 544 | 554 | 555 | 556 | 557 | 557 | 558 |
| Reserves | 23,012 | 25,561 | 26,222 | 29,467 | 36,232 | 39,439 | 39,415 | 41,027 | 46,567 | 55,809 | 65,633 | 76,481 |
| Borrowings | 35,167 | 37,911 | 41,553 | 48,762 | 55,898 | 70,848 | 82,092 | 80,625 | 77,605 | 92,247 | 108,647 | 129,025 |
| Other Liabilities | 29,415 | 30,608 | 31,806 | 35,296 | 43,696 | 51,057 | 43,655 | 42,762 | 47,661 | 55,670 | 59,884 | 69,950 |
| Total Liabilities | 87,889 | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 | 276,013 |
| Fixed Assets | 18,381 | 19,047 | 20,585 | 20,989 | 26,182 | 28,983 | 29,689 | 21,380 | 26,018 | 27,140 | 28,129 | 34,636 |
| CWIP | 2,191 | 3,032 | 2,371 | 4,279 | 4,269 | 4,760 | 6,856 | 7,873 | 6,703 | 3,969 | 8,039 | 8,298 |
| Investments | 8,082 | 10,027 | 11,603 | 14,662 | 16,018 | 18,268 | 19,210 | 28,778 | 30,060 | 35,272 | 35,208 | 41,309 |
| Other Assets | 59,234 | 62,270 | 65,293 | 73,905 | 89,900 | 109,878 | 109,960 | 106,938 | 109,607 | 137,902 | 163,345 | 191,771 |
| Total Assets | 87,889 | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 | 276,013 |
Below is a detailed analysis of the balance sheet data for Mahindra & Mahindra Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 558.00 Cr.. The value appears strong and on an upward trend. It has increased from 557.00 Cr. (Mar 2024) to 558.00 Cr., marking an increase of 1.00 Cr..
- For Reserves, as of Mar 2025, the value is 76,481.00 Cr.. The value appears strong and on an upward trend. It has increased from 65,633.00 Cr. (Mar 2024) to 76,481.00 Cr., marking an increase of 10,848.00 Cr..
- For Borrowings, as of Mar 2025, the value is 129,025.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 108,647.00 Cr. (Mar 2024) to 129,025.00 Cr., marking an increase of 20,378.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 69,950.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 59,884.00 Cr. (Mar 2024) to 69,950.00 Cr., marking an increase of 10,066.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 276,013.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 234,722.00 Cr. (Mar 2024) to 276,013.00 Cr., marking an increase of 41,291.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 34,636.00 Cr.. The value appears strong and on an upward trend. It has increased from 28,129.00 Cr. (Mar 2024) to 34,636.00 Cr., marking an increase of 6,507.00 Cr..
- For CWIP, as of Mar 2025, the value is 8,298.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,039.00 Cr. (Mar 2024) to 8,298.00 Cr., marking an increase of 259.00 Cr..
- For Investments, as of Mar 2025, the value is 41,309.00 Cr.. The value appears strong and on an upward trend. It has increased from 35,208.00 Cr. (Mar 2024) to 41,309.00 Cr., marking an increase of 6,101.00 Cr..
- For Other Assets, as of Mar 2025, the value is 191,771.00 Cr.. The value appears strong and on an upward trend. It has increased from 163,345.00 Cr. (Mar 2024) to 191,771.00 Cr., marking an increase of 28,426.00 Cr..
- For Total Assets, as of Mar 2025, the value is 276,013.00 Cr.. The value appears strong and on an upward trend. It has increased from 234,722.00 Cr. (Mar 2024) to 276,013.00 Cr., marking an increase of 41,291.00 Cr..
However, the Borrowings (129,025.00 Cr.) are higher than the Reserves (76,481.00 Cr.), which may signal higher financial risk.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -25.00 | -29.00 | -31.00 | -38.00 | -42.00 | -55.00 | -72.00 | -69.00 | -63.00 | -72.00 | -84.00 | -99.00 |
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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 28 | 28 | 31 | 34 | 30 | 34 | 30 | 26 | 21 | 20 | 19 |
| Inventory Days | 68 | 72 | 74 | 64 | 64 | 74 | 106 | 91 | 82 | 83 | 81 | 78 |
| Days Payable | 96 | 97 | 108 | 107 | 125 | 127 | 142 | 147 | 134 | 118 | 112 | 118 |
| Cash Conversion Cycle | 0 | 3 | -6 | -11 | -27 | -23 | -3 | -26 | -27 | -13 | -11 | -21 |
| Working Capital Days | 16 | -5 | -3 | -2 | -8 | -14 | -20 | -11 | -13 | -14 | -8 | -14 |
| ROCE % | 14% | 11% | 13% | 12% | 13% | 12% | 7% | 8% | 11% | 13% | 14% | 14% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Nifty 50 ETF | 16,610,010 | 1.67 | 2736.91 | 16,610,010 | 2025-04-22 17:25:27 | 0% |
| SBI S&P BSE Sensex ETF | 12,524,684 | 2.06 | 2063.57 | 12,524,684 | 2025-04-22 17:25:27 | 0% |
| HDFC Flexi Cap Fund - Regular Plan | 9,078,667 | 3.36 | 1324.21 | 9,078,667 | 2025-04-22 17:25:27 | 0% |
| SBI Blue Chip Fund | 5,500,000 | 2.22 | 906.26 | 5,500,000 | 2025-04-22 17:25:27 | 0% |
| Axis Bluechip Fund | 5,454,521 | 2.82 | 898.77 | 5,454,521 | 2025-04-22 11:41:35 | 0% |
| Axis ELSS Tax Saver Fund | 4,662,003 | 2.32 | 768.18 | 4,662,003 | 2025-04-22 17:25:27 | 0% |
| Aditya Birla Sun Life Frontline Equity Fund | 3,735,556 | 2.53 | 615.53 | 3,735,556 | 2025-04-22 17:25:27 | 0% |
| SBI Long Term Equity Fund | 3,415,083 | 3.26 | 562.72 | 3,415,083 | 2025-04-22 17:25:27 | 0% |
| ICICI Prudential Balanced Advantage Fund | 3,433,592 | 1 | 500.82 | 3,433,592 | 2025-04-22 17:25:27 | 0% |
| HDFC Balanced Advantage Fund - Regular Plan | 3,319,329 | 0.76 | 484.16 | 3,319,329 | 2025-04-22 17:25:27 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Basic EPS (Rs.) | 115.91 | 101.14 | 92.41 | 59.20 | 16.33 |
| Diluted EPS (Rs.) | 115.06 | 100.70 | 91.96 | 58.83 | 16.15 |
| Cash EPS (Rs.) | 166.71 | 142.38 | 127.74 | 80.07 | 32.55 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 690.13 | 695.30 | 602.37 | 510.96 | 456.20 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 690.13 | 695.30 | 602.37 | 510.96 | 456.20 |
| Revenue From Operations / Share (Rs.) | 1422.11 | 1240.44 | 1088.94 | 810.80 | 668.99 |
| PBDIT / Share (Rs.) | 292.93 | 242.82 | 192.99 | 140.43 | 132.48 |
| PBIT / Share (Rs.) | 238.52 | 200.44 | 153.86 | 108.89 | 102.06 |
| PBT / Share (Rs.) | 157.15 | 133.27 | 112.74 | 67.49 | 36.67 |
| Net Profit / Share (Rs.) | 112.30 | 100.01 | 88.62 | 48.53 | 2.12 |
| NP After MI And SOA / Share (Rs.) | 115.82 | 101.09 | 92.32 | 59.14 | 16.32 |
| PBDIT Margin (%) | 20.59 | 19.57 | 17.72 | 17.31 | 19.80 |
| PBIT Margin (%) | 16.77 | 16.15 | 14.12 | 13.42 | 15.25 |
| PBT Margin (%) | 11.05 | 10.74 | 10.35 | 8.32 | 5.48 |
| Net Profit Margin (%) | 7.89 | 8.06 | 8.13 | 5.98 | 0.31 |
| NP After MI And SOA Margin (%) | 8.14 | 8.14 | 8.47 | 7.29 | 2.44 |
| Return on Networth / Equity (%) | 16.78 | 17.02 | 18.24 | 13.95 | 4.35 |
| Return on Capital Employeed (%) | 14.21 | 13.89 | 12.66 | 10.27 | 9.85 |
| Return On Assets (%) | 4.65 | 4.76 | 4.99 | 3.77 | 1.08 |
| Long Term Debt / Equity (X) | 1.03 | 1.02 | 0.97 | 1.03 | 1.32 |
| Total Debt / Equity (X) | 1.57 | 1.56 | 1.57 | 1.58 | 1.43 |
| Asset Turnover Ratio (%) | 0.61 | 0.62 | 0.67 | 0.49 | 0.39 |
| Current Ratio (X) | 1.40 | 1.30 | 1.29 | 1.34 | 1.40 |
| Quick Ratio (X) | 1.18 | 1.05 | 1.06 | 1.13 | 1.22 |
| Inventory Turnover Ratio (X) | 4.53 | 4.39 | 6.08 | 5.23 | 3.32 |
| Dividend Payout Ratio (NP) (%) | 18.19 | 16.06 | 12.49 | 14.88 | 14.46 |
| Dividend Payout Ratio (CP) (%) | 12.38 | 11.31 | 8.77 | 9.70 | 5.05 |
| Earning Retention Ratio (%) | 81.81 | 83.94 | 87.51 | 85.12 | 85.54 |
| Cash Earning Retention Ratio (%) | 87.62 | 88.69 | 91.23 | 90.30 | 94.95 |
| Interest Coverage Ratio (X) | 3.60 | 3.61 | 3.69 | 3.11 | 2.41 |
| Interest Coverage Ratio (Post Tax) (X) | 2.38 | 2.49 | 2.48 | 1.99 | 1.59 |
| Enterprise Value (Cr.) | 410261.90 | 316693.68 | 217230.66 | 162866.82 | 144051.42 |
| EV / Net Operating Revenue (X) | 2.58 | 2.29 | 1.79 | 1.81 | 1.94 |
| EV / EBITDA (X) | 12.55 | 11.70 | 10.11 | 10.43 | 9.79 |
| MarketCap / Net Operating Revenue (X) | 1.87 | 1.55 | 1.06 | 0.99 | 1.19 |
| Retention Ratios (%) | 81.80 | 83.93 | 87.50 | 85.11 | 85.53 |
| Price / BV (X) | 3.86 | 3.24 | 2.29 | 1.90 | 2.12 |
| Price / Net Operating Revenue (X) | 1.87 | 1.55 | 1.06 | 0.99 | 1.19 |
| EarningsYield | 0.04 | 0.05 | 0.07 | 0.07 | 0.02 |
After reviewing the key financial ratios for Mahindra & Mahindra Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 115.91. This value is within the healthy range. It has increased from 101.14 (Mar 24) to 115.91, marking an increase of 14.77.
- For Diluted EPS (Rs.), as of Mar 25, the value is 115.06. This value is within the healthy range. It has increased from 100.70 (Mar 24) to 115.06, marking an increase of 14.36.
- For Cash EPS (Rs.), as of Mar 25, the value is 166.71. This value is within the healthy range. It has increased from 142.38 (Mar 24) to 166.71, marking an increase of 24.33.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 690.13. It has decreased from 695.30 (Mar 24) to 690.13, marking a decrease of 5.17.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 690.13. It has decreased from 695.30 (Mar 24) to 690.13, marking a decrease of 5.17.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,422.11. It has increased from 1,240.44 (Mar 24) to 1,422.11, marking an increase of 181.67.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 292.93. This value is within the healthy range. It has increased from 242.82 (Mar 24) to 292.93, marking an increase of 50.11.
- For PBIT / Share (Rs.), as of Mar 25, the value is 238.52. This value is within the healthy range. It has increased from 200.44 (Mar 24) to 238.52, marking an increase of 38.08.
- For PBT / Share (Rs.), as of Mar 25, the value is 157.15. This value is within the healthy range. It has increased from 133.27 (Mar 24) to 157.15, marking an increase of 23.88.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 112.30. This value is within the healthy range. It has increased from 100.01 (Mar 24) to 112.30, marking an increase of 12.29.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 115.82. This value is within the healthy range. It has increased from 101.09 (Mar 24) to 115.82, marking an increase of 14.73.
- For PBDIT Margin (%), as of Mar 25, the value is 20.59. This value is within the healthy range. It has increased from 19.57 (Mar 24) to 20.59, marking an increase of 1.02.
- For PBIT Margin (%), as of Mar 25, the value is 16.77. This value is within the healthy range. It has increased from 16.15 (Mar 24) to 16.77, marking an increase of 0.62.
- For PBT Margin (%), as of Mar 25, the value is 11.05. This value is within the healthy range. It has increased from 10.74 (Mar 24) to 11.05, marking an increase of 0.31.
- For Net Profit Margin (%), as of Mar 25, the value is 7.89. This value is within the healthy range. It has decreased from 8.06 (Mar 24) to 7.89, marking a decrease of 0.17.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 8.14. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 8.14.
- For Return on Networth / Equity (%), as of Mar 25, the value is 16.78. This value is within the healthy range. It has decreased from 17.02 (Mar 24) to 16.78, marking a decrease of 0.24.
- For Return on Capital Employeed (%), as of Mar 25, the value is 14.21. This value is within the healthy range. It has increased from 13.89 (Mar 24) to 14.21, marking an increase of 0.32.
- For Return On Assets (%), as of Mar 25, the value is 4.65. This value is below the healthy minimum of 5. It has decreased from 4.76 (Mar 24) to 4.65, marking a decrease of 0.11.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 1.03. This value exceeds the healthy maximum of 1. It has increased from 1.02 (Mar 24) to 1.03, marking an increase of 0.01.
- For Total Debt / Equity (X), as of Mar 25, the value is 1.57. This value exceeds the healthy maximum of 1. It has increased from 1.56 (Mar 24) to 1.57, marking an increase of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.61. It has decreased from 0.62 (Mar 24) to 0.61, marking a decrease of 0.01.
- For Current Ratio (X), as of Mar 25, the value is 1.40. This value is below the healthy minimum of 1.5. It has increased from 1.30 (Mar 24) to 1.40, marking an increase of 0.10.
- For Quick Ratio (X), as of Mar 25, the value is 1.18. This value is within the healthy range. It has increased from 1.05 (Mar 24) to 1.18, marking an increase of 0.13.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.53. This value is within the healthy range. It has increased from 4.39 (Mar 24) to 4.53, marking an increase of 0.14.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 18.19. This value is below the healthy minimum of 20. It has increased from 16.06 (Mar 24) to 18.19, marking an increase of 2.13.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 12.38. This value is below the healthy minimum of 20. It has increased from 11.31 (Mar 24) to 12.38, marking an increase of 1.07.
- For Earning Retention Ratio (%), as of Mar 25, the value is 81.81. This value exceeds the healthy maximum of 70. It has decreased from 83.94 (Mar 24) to 81.81, marking a decrease of 2.13.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 87.62. This value exceeds the healthy maximum of 70. It has decreased from 88.69 (Mar 24) to 87.62, marking a decrease of 1.07.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 3.60. This value is within the healthy range. It has decreased from 3.61 (Mar 24) to 3.60, marking a decrease of 0.01.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.38. This value is below the healthy minimum of 3. It has decreased from 2.49 (Mar 24) to 2.38, marking a decrease of 0.11.
- For Enterprise Value (Cr.), as of Mar 25, the value is 410,261.90. It has increased from 316,693.68 (Mar 24) to 410,261.90, marking an increase of 93,568.22.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.58. This value is within the healthy range. It has increased from 2.29 (Mar 24) to 2.58, marking an increase of 0.29.
- For EV / EBITDA (X), as of Mar 25, the value is 12.55. This value is within the healthy range. It has increased from 11.70 (Mar 24) to 12.55, marking an increase of 0.85.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.87. This value is within the healthy range. It has increased from 1.55 (Mar 24) to 1.87, marking an increase of 0.32.
- For Retention Ratios (%), as of Mar 25, the value is 81.80. This value exceeds the healthy maximum of 70. It has decreased from 83.93 (Mar 24) to 81.80, marking a decrease of 2.13.
- For Price / BV (X), as of Mar 25, the value is 3.86. This value exceeds the healthy maximum of 3. It has increased from 3.24 (Mar 24) to 3.86, marking an increase of 0.62.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.87. This value is within the healthy range. It has increased from 1.55 (Mar 24) to 1.87, marking an increase of 0.32.
- For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mahindra & Mahindra Ltd:
- Net Profit Margin: 7.89%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 14.21% (Industry Average ROCE: 13.9%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 16.78% (Industry Average ROE: 18%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 2.38
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.18
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 32.8 (Industry average Stock P/E: 32.8)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 1.57
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 7.89%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Auto - Cars & Jeeps | Gateway Building, Mumbai Maharashtra 400001 | investors@mahindra.com http://www.mahindra.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Anand G Mahindra | Chairman |
| Dr. Anish Shah | Managing Director & CEO |
| Mr. Rajesh Jejurikar | Executive Director & CEO |
| Mr. T N Manoharan | Lead Independent Director |
| Ms. Nisaba Godrej | Independent Director |
| Mr. Muthiah Murugappan | Independent Director |
| Ms. Shikha Sharma | Independent Director |
| Ms. Padmasree Warrior | Independent Director |
| Mr. Ranjan Pant | Non Exe.Non Ind.Director |
| Mr. Sat Pal Bhanoo | Non Exe.Non Ind.Director |
FAQ
What is the intrinsic value of Mahindra & Mahindra Ltd?
Mahindra & Mahindra Ltd's intrinsic value (as of 22 October 2025) is 2948.88 which is 18.56% lower the current market price of 3,621.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 4,50,307 Cr. market cap, FY2025-2026 high/low of 3,724/2,360, reserves of ₹76,481 Cr, and liabilities of 276,013 Cr.
What is the Market Cap of Mahindra & Mahindra Ltd?
The Market Cap of Mahindra & Mahindra Ltd is 4,50,307 Cr..
What is the current Stock Price of Mahindra & Mahindra Ltd as on 22 October 2025?
The current stock price of Mahindra & Mahindra Ltd as on 22 October 2025 is 3,621.
What is the High / Low of Mahindra & Mahindra Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Mahindra & Mahindra Ltd stocks is 3,724/2,360.
What is the Stock P/E of Mahindra & Mahindra Ltd?
The Stock P/E of Mahindra & Mahindra Ltd is 32.8.
What is the Book Value of Mahindra & Mahindra Ltd?
The Book Value of Mahindra & Mahindra Ltd is 620.
What is the Dividend Yield of Mahindra & Mahindra Ltd?
The Dividend Yield of Mahindra & Mahindra Ltd is 0.70 %.
What is the ROCE of Mahindra & Mahindra Ltd?
The ROCE of Mahindra & Mahindra Ltd is 13.9 %.
What is the ROE of Mahindra & Mahindra Ltd?
The ROE of Mahindra & Mahindra Ltd is 18.0 %.
What is the Face Value of Mahindra & Mahindra Ltd?
The Face Value of Mahindra & Mahindra Ltd is 5.00.