Mahindra & Mahindra Ltd
₹2,994.4▼ -1.22%28 Sept
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Market Data
Market Cap₹3,72,362.27 Cr.
52W High₹3,840
Current Price₹2,994.4
52W Low₹2,896.3
Down from 52W High22 %
Face Value₹5
Performance
ROCE16.35 %
ROE19.84 %
EPS (TTM)₹48.8
EPS Prev Qtr₹41.77
EPS Last Year₹32.9
EBITDA Qtr₹8,804.48 Cr.
Book Value₹749
Financial Health
Debt/Equity1.42
Debt/Profit6.55
Total Assets₹3,17,634.63 Cr.
Dividend Yield1.1 %
Promoter Holding18.45 %
Earning Power10.01 %
Valuation
Stock P/E18.11
Industry P/E34.2
Price to Book4
Price to Sales1.76
Graham Number₹1,668.7
Key Metrics
Debt/Equity
0.04
Face Value
₹5
Interest Coverage
37.37
About Mahindra & Mahindra Ltd
Automobile and Auto Components · Automobile
Mahindra & Mahindra Ltd is listed on NSE in the Automobile and Auto Components / Automobile sector. Face value ₹5. Market cap ₹3,72,362.27 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company demonstrates strong profitability with a high ROE of 21.74%.
- It maintains a solid interest coverage ratio of 37.37, indicating robust ability to meet interest obligations.
- The company has a significant market capitalization of ₹387,981 crore, reflecting its substantial presence in the industry.
- It achieves a respectable ROCE of 16.35%, showing efficient use of capital.
- The company has a notable promoter holding of 18.45%, suggesting confidence from insiders.
Weaknesses
- The P/E ratio of 18.87 may indicate that the stock is relatively expensive compared to earnings.
- The P/B ratio of 4.17 suggests that the market values the company at a premium over its book value.
- The dividend yield is relatively low at 1.06%, which might not attract income-focused investors.
- The Debt to Equity ratio of 1.42 indicates a moderate level of financial leverage, which could pose risks in volatile economic conditions.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd | - | 26.41 | ₹3,78,531.27 Cr | 1.16% | ₹14,334 Cr | - | ₹1,97,180.6 Cr | - | 17.61% | 0 |
| Mahindra & Mahindra Ltd | - | 18.11 | ₹3,72,362.27 Cr | 1.1% | ₹20,242.69 Cr | - | ₹2,11,374.9 Cr | - | 16.35% | 1.42 |
| Bajaj Auto Ltd | - | 26.14 | ₹3,07,699.17 Cr | 1.36% | ₹11,552.81 Cr | - | ₹71,460.48 Cr | - | 27.5% | 0.57 |
| Eicher Motors Ltd | - | 34.31 | ₹1,98,159.77 Cr | 1.14% | ₹5,772.52 Cr | - | ₹24,998.14 Cr | - | 29.55% | 0.01 |
| TVS Motor Company Ltd | - | 56.59 | ₹1,93,985.19 Cr | 0.29% | ₹3,601.18 Cr | - | ₹60,154.99 Cr | - | 18.61% | 3.3 |
| Hyundai Motor India Ltd | - | 33.68 | ₹1,66,733.43 Cr | 1.02% | ₹4,950.91 Cr | - | ₹70,685.09 Cr | - | 31.92% | 0.05 |
| Tata Motors Ltd | - | 38.04 | ₹1,59,433.36 Cr | 0.92% | ₹4,187 Cr | - | ₹87,197 Cr | - | 38.24% | 0.38 |
| Hero MotoCorp Ltd | - | 19.77 | ₹1,07,750.05 Cr | 3.44% | ₹5,487.98 Cr | - | ₹50,809.84 Cr | - | 33.06% | 0.02 |
| Tata Motors Passenger Vehicles Ltd | - | - | ₹1,04,217.1 Cr | 1.06% | ₹79,502 Cr | - | ₹3,43,703 Cr | - | -0.54% | 0.62 |
| Ashok Leyland Ltd | - | 26.25 | ₹91,279.7 Cr | 2.25% | ₹3,731.03 Cr | - | ₹57,723.13 Cr | - | 13.03% | 4.47 |
| Ather Energy Ltd | - | - | ₹57,384.64 Cr | - | - | - | - | - | - | 0.2 |
| Escorts Kubota Ltd | - | 21.79 | ₹30,644.99 Cr | 1.86% | ₹1,382.88 Cr | - | ₹12,247.76 Cr | - | 14.77% | 0 |
| Force Motors Ltd | - | 17.98 | ₹22,505.06 Cr | 0.29% | ₹1,251.98 Cr | - | ₹9,199.81 Cr | - | 50.3% | 0.01 |
| Ola Electric Mobility Ltd | - | - | ₹17,527.78 Cr | - | ₹-1,741 Cr | - | ₹1,880 Cr | - | -23.99% | 0.74 |
| Olectra Greentech Ltd | - | 54.2 | ₹9,614.53 Cr | 0.05% | ₹180.16 Cr | - | ₹2,540.45 Cr | - | 24.54% | 0.24 |
| SML Mahindra Ltd | - | 60.37 | ₹9,442.24 Cr | 0.36% | ₹156.41 Cr | - | ₹2,949.57 Cr | - | 28.53% | 0.54 |
| VST Tillers Tractors Ltd | - | 34.2 | ₹3,727.43 Cr | 0.58% | ₹108.93 Cr | - | ₹1,271.31 Cr | - | 13.66% | 0 |
| Zelio E-Mobility Ltd | - | - | ₹2,279.97 Cr | - | - | - | - | - | - | 0.17 |
| Atul Auto Ltd | - | 25.92 | ₹1,223.42 Cr | 0.68% | ₹49.21 Cr | - | ₹890.04 Cr | - | 11.81% | 0.3 |
| Mercury EV-Tech Ltd | - | 155.72 | ₹739.57 Cr | - | ₹4.32 Cr | - | ₹112.89 Cr | - | 3.93% | 0.03 |
Quarterly Results
📊 Jun 2026: Revenue grew 27.8% YoY, Profit grew 37.0% YoY
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 45,529.19 | 46,105.67 | 52,099.75 | 54,981.91 | 58,187.57 |
| ↳ QoQ Growth | - | +1.3% | +13.0% | +5.5% | +5.8% |
| Expenses | 38,848.95 | 38,845.47 | 44,156.1 | 47,208.15 | 49,383.09 |
| Operating Profit | 6,680.24 | 7,260.2 | 7,943.65 | 7,773.76 | 8,804.48 |
| OPM % | 14.67% | 15.75% | 15.25% | 14.14% | 15.13% |
| Other Income | 916.92 | 675.51 | 858.52 | 994.84 | 1,016.03 |
| Interest | 2,431.19 | 2,347.03 | 2,405.3 | 2,407.33 | 2,559.91 |
| Depreciation | 1,547.56 | 1,668.89 | 2,162.89 | 1,942.68 | 1,760.47 |
| EBITDA | 8,227.8 | 8,929.09 | 10,106.54 | 9,716.44 | 10,564.95 |
| EBITDA Margin % | 18.07% | 19.37% | 19.4% | 17.67% | 18.16% |
| Profit Before Tax | 5,644.11 | 6,057.93 | 6,568.62 | 6,914.1 | 7,628.09 |
| Tax % | 22.46% | 34.57% | 23.55% | 23.92% | 21.38% |
| Net Profit | 4,376.58 | 3,963.75 | 5,021.47 | 5,259.91 | 5,997.56 |
| ↳ QoQ Growth | - | -9.4% | +26.7% | +4.7% | +14.0% |
| EPS | 36.58 | 32.9 | 41.85 | 41.77 | 48.8 |
Profit & Loss
| Mar 2026 | TTM | |
|---|---|---|
| Sales | 198716.52 | 211374.9 |
| Expenses | 169058.67 | 179592.81 |
| Operating Profit | 29657.85 | 31782.09 |
| OPM % | 14.92% | 15.04% |
| Other Income | 3445.79 | 3544.9 |
| Interest | 9590.85 | 9719.57 |
| Depreciation | 7322.02 | 7534.93 |
| Profit Before Tax | 25184.76 | 27168.74 |
| Tax % | 26.06% | 25.49% |
| Net Profit | 18621.71 | 20242.69 |
| EPS | 153.1 | 165.32 |
Compounded Sales Growth
10Y
-
5Y
-
3Y
-
TTM
-
Compounded Profit Growth
10Y
-
5Y
-
3Y
-
TTM
-
Stock Price CAGR
10Y
-
5Y
-
3Y
-
1Y
-12.37%
Return on Equity
10Y
-
5Y
-
3Y
-
Last Year
21.74%
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 558.15 | 558.78 |
| Reserves | 76480.71 | 92537.57 |
| Borrowings | 124949.31 | 132587.27 |
| Other Liabilities | 75598.1 | 91951.03 |
| Total Liabilities | 277586.28 | 317634.63 |
| Fixed Assets | 25834.82 | 43830.93 |
| CWIP | 3652.56 | 2368.02 |
| Investments | 41308.57 | 40323.84 |
| Other Assets | 206790.31 | 231111.84 |
| Total Assets | 277586.28 | 317634.63 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | 11657.36 |
| Cash from Investing Activity | -17707.39 |
| Cash from Financing Activity | 5391.04 |
| Net Cash Flow | -658.99 |
Ratios
| Mar 2026 | |
|---|---|
| Debtor Days | - |
| Inventory Days | - |
| Days Payable | - |
| Cash Conversion Cycle | - |
| Working Capital Days | 339.89 |
| ROCE % | 16.03% |
Shareholding Pattern
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 18.54% | 18.48% | 18.45% | 18.44% | 18.44% | 18.44% | 18.45% | 18.45% |
| FIIs % | 41.19% | 38.91% | 38.3% | 38.54% | 38.04% | 37.49% | 36.22% | 34.89% |
| DIIs % | 27.04% | 29.22% | 29.78% | 29.59% | 29.96% | 30.45% | 31.51% | 32.65% |
| Public % | 7.81% | 7.97% | 8.06% | 8.03% | 8.13% | 8.2% | 8.45% | 8.62% |
| No. of Shareholders | 7,99,531 | 8,55,175 | 8,95,699 | 8,64,189 | 8,81,154 | 8,85,061 | 9,41,478 | 9,89,776 |
Major Shareholders (>1%)
- Prudential Management & Services Private LimitedPromoter and Promoter Group10.81%
- M&m Benefit Trust (anand Mahindra & Ranjan Pant -trustees)Promoter and Promoter Group6.91%
- Life Insurance Corporation Of India With Sub AccountsPublic Shareholding6.45%
- Sbi Nifty 50 Etf With Sub AccountsPublic Shareholding3.09%
As of 2026-06-30View all shareholders →