WEBSITE BSE:533088 NSE: MAH HOLIDAY Inc. Year: 1996 Industry: Hotel, Resort & Restaurants
Last updated: 09:01
Mahindra Holidays & Resorts India Ltd operates in leisure hospitality industry. The Company is engaged in the commercial enterprise of sale of Vacation Ownership and different related offerings in India. The Company's fundamental activities consist of earnings from sale of vacation ownership (VO); annual subscription fee from VO individuals, and profits from sale of meals and drinks. It offers vacation ownership merchandise that offer vacation entitlements to its contributors over the life of the product. Apart from presenting rooms in form of ...Read More
Mahindra Holidays & Resorts India Ltd operates in leisure hospitality industry. The Company is engaged in the commercial enterprise of sale of Vacation Ownership and different related offerings in India. The Company's fundamental activities consist of earnings from sale of vacation ownership (VO); annual subscription fee from VO individuals, and profits from sale of meals and drinks. It offers vacation ownership merchandise that offer vacation entitlements to its contributors over the life of the product. Apart from presenting rooms in form of furnished apartments and cottages at hotels, the Company gives its members various amenities, together with eating, holiday activities, spa and wellness centers. Club Mahindra is the Company's product in the holiday possession commercial enterprise, which entitles its participants a week's holiday in every 12 months for a period of 10 or 25 years relying upon the membership. It offers Heart-to-Heart, a member engagement initiative in their hometowns. ...Read Less
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Market Cap ₹5011 Cr.
Stock P/E 42.4
P/B -15.5
Current Price ₹248
Book Value ₹ -16
Face Value 10
52W High ₹381.6
Dividend Yield 0%
52W Low ₹ 241
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 655 | 635 | 800 | 653 | 671 | 678 | 779 | 701 | 717 | 753 |
| Other Income | 17 | 32 | 30 | 33 | 35 | 32 | 28 | 39 | 32 | 30 |
| Total Income | 672 | 666 | 830 | 686 | 706 | 710 | 807 | 740 | 749 | 782 |
| Total Expenditure | 519 | 530 | 612 | 547 | 547 | 533 | 574 | 579 | 565 | 609 |
| Operating Profit | 153 | 137 | 218 | 139 | 159 | 178 | 233 | 161 | 185 | 174 |
| Interest | 33 | 45 | 22 | 35 | 38 | 37 | 38 | 39 | 48 | 47 |
| Depreciation | 84 | 86 | 86 | 89 | 92 | 93 | 92 | 96 | 101 | 104 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 |
| Profit Before Tax | 36 | 6 | 109 | 15 | 29 | 48 | 102 | 27 | 36 | 11 |
| Provision for Tax | 14 | -4 | 26 | 8 | 17 | 13 | 29 | 19 | 19 | 10 |
| Profit After Tax | 22 | 10 | 84 | 7 | 12 | 35 | 73 | 8 | 18 | 1 |
| Adjustments | -1 | 1 | -1 | -1 | 2 | -0 | 0 | 0 | 0 | 1 |
| Profit After Adjustments | 21 | 12 | 82 | 6 | 14 | 35 | 73 | 8 | 18 | 2 |
| Adjusted Earnings Per Share | 1.1 | 0.6 | 4.1 | 0.3 | 0.7 | 1.7 | 3.6 | 0.4 | 0.9 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 812 | 1602 | 2267 | 2317 | 2239 | 2372 | 1730 | 2013 | 2517 | 2705 | 2781 | 2950 |
| Other Income | 18 | 11 | 28 | 34 | 57 | 59 | 124 | 166 | 107 | 115 | 129 | 129 |
| Total Income | 830 | 1613 | 2294 | 2351 | 2296 | 2431 | 1854 | 2179 | 2624 | 2820 | 2910 | 3078 |
| Total Expenditure | 623 | 1329 | 1932 | 1948 | 2056 | 1998 | 1490 | 1693 | 2038 | 2182 | 2193 | 2327 |
| Operating Profit | 207 | 284 | 362 | 403 | 239 | 434 | 364 | 486 | 586 | 637 | 717 | 753 |
| Interest | 11 | 25 | 32 | 86 | 40 | 85 | 98 | 105 | 126 | 140 | 157 | 172 |
| Depreciation | 66 | 98 | 106 | 100 | 101 | 247 | 264 | 271 | 290 | 337 | 366 | 393 |
| Exceptional Income / Expenses | -22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 |
| Profit Before Tax | 107 | 146 | 224 | 217 | 98 | 101 | 2 | 111 | 171 | 160 | 193 | 176 |
| Provision for Tax | 27 | 56 | 79 | 84 | 38 | 236 | 16 | 43 | 57 | 43 | 67 | 77 |
| Profit After Tax | 80 | 90 | 146 | 133 | 60 | -134 | -14 | 68 | 114 | 116 | 126 | 100 |
| Adjustments | 1 | -3 | 3 | -0 | 1 | 2 | 1 | -0 | 1 | -1 | 2 | 1 |
| Profit After Adjustments | 81 | 87 | 149 | 132 | 60 | -132 | -13 | 68 | 115 | 116 | 128 | 101 |
| Adjusted Earnings Per Share | 4.1 | 4.4 | 7.5 | 6.6 | 3 | -6.6 | -0.7 | 3.4 | 5.7 | 5.7 | 6.3 | 5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 11% | 3% | 13% |
| Operating Profit CAGR | 13% | 14% | 11% | 13% |
| PAT CAGR | 9% | 23% | 0% | 5% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -16% | -4% | 11% | 4% |
| ROE Average | 0% | 0% | 37% | 29% |
| ROCE Average | 59% | 87% | 69% | 45% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 725 | 506 | 597 | 711 | 282 | 46 | 85 | 250 | 390 | 524 | 780 |
| Minority's Interest | 0 | 31 | 28 | 27 | 29 | 9 | 6 | 10 | 9 | 9 | 8 |
| Borrowings | 1626 | 0 | 0 | 713 | 567 | 327 | 807 | 658 | 697 | 20 | 782 |
| Other Non-Current Liabilities | 72 | 1691 | 1881 | 2062 | 4413 | 6211 | 5610 | 5780 | 6124 | 6515 | 6925 |
| Total Current Liabilities | 406 | 1352 | 1408 | 954 | 1318 | 1770 | 1506 | 1658 | 1592 | 2503 | 1904 |
| Total Liabilities | 2830 | 3580 | 3915 | 4467 | 6609 | 8363 | 8014 | 8356 | 8811 | 9571 | 10400 |
| Fixed Assets | 1032 | 1339 | 1273 | 1459 | 2439 | 3862 | 3971 | 4186 | 4418 | 4589 | 5003 |
| Other Non-Current Assets | 850 | 692 | 855 | 807 | 1712 | 1766 | 1418 | 1723 | 1576 | 1969 | 2371 |
| Total Current Assets | 949 | 1549 | 1787 | 2201 | 2459 | 2735 | 2624 | 2447 | 2818 | 3014 | 3026 |
| Total Assets | 2830 | 3580 | 3915 | 4467 | 6609 | 8363 | 8014 | 8356 | 8811 | 9571 | 10400 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 57 | 29 | 108 | 196 | 56 | 60 | 86 | 79 | 103 | 116 | 103 |
| Cash Flow from Operating Activities | 201 | 242 | 276 | 551 | 263 | 561 | 382 | 498 | 681 | 624 | 621 |
| Cash Flow from Investing Activities | -310 | -386 | -182 | -547 | -238 | -284 | -237 | -257 | -210 | -449 | -401 |
| Cash Flow from Financing Activities | 78 | 274 | -6 | -144 | -21 | -254 | -154 | -217 | -459 | -190 | -285 |
| Net Cash Inflow / Outflow | -31 | 131 | 88 | -140 | 5 | 22 | -8 | 24 | 12 | -14 | -64 |
| Closing Cash & Cash Equivalent | 28 | 166 | 196 | 56 | 60 | 86 | 79 | 103 | 116 | 103 | 37 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.1 | 4.38 | 7.48 | 6.65 | 3.03 | -6.62 | -0.66 | 3.38 | 5.74 | 5.73 | 6.33 |
| CEPS(Rs) | 7.4 | 9.47 | 12.67 | 11.69 | 8.07 | 5.66 | 12.54 | 16.93 | 20.12 | 22.46 | 24.4 |
| DPS(Rs) | 4 | 5 | 5 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 36.61 | 25.55 | 29.67 | 35.17 | -25.99 | -37.89 | -37.83 | -34.11 | -27.56 | -21.4 | -14.9 |
| Core EBITDA Margin(%) | 23.26 | 17.04 | 14.76 | 15.94 | 8.16 | 15.78 | 13.86 | 15.92 | 19.05 | 19.31 | 21.13 |
| EBIT Margin(%) | 14.58 | 10.7 | 11.31 | 13.07 | 6.17 | 7.86 | 5.79 | 10.69 | 11.8 | 11.09 | 12.57 |
| Pre Tax Margin(%) | 13.22 | 9.14 | 9.89 | 9.35 | 4.38 | 4.27 | 0.14 | 5.49 | 6.78 | 5.9 | 6.92 |
| PAT Margin (%) | 9.89 | 5.62 | 6.42 | 5.73 | 2.66 | -5.66 | -0.81 | 3.36 | 4.52 | 4.29 | 4.53 |
| Cash Profit Margin (%) | 18.06 | 11.71 | 11.09 | 10.05 | 7.19 | 4.76 | 14.45 | 16.81 | 16.04 | 16.74 | 17.69 |
| ROA(%) | 2.96 | 2.81 | 3.88 | 3.17 | 1.08 | -1.79 | -0.17 | 0.83 | 1.33 | 1.26 | 1.26 |
| ROE(%) | 10.81 | 14.64 | 26.58 | 20.6 | 65.4 | 0 | 0 | 184.71 | 0 | 0 | 0 |
| ROCE(%) | 5.25 | 9.61 | 19.86 | 20.94 | 14.97 | 83.65 | 62.2 | 21.71 | 118.39 | 84.96 | 58.83 |
| Receivable days | 385.74 | 205.7 | 157.36 | 165.03 | 178.28 | 181.36 | 233.23 | 174.99 | 143.89 | 143.21 | 147.23 |
| Inventory Days | 3.66 | 43.9 | 62.38 | 72.11 | 88.82 | 86.3 | 116.71 | 99.28 | 80.58 | 78.77 | 84.74 |
| Payable days | 1478.2 | 342.39 | 256.12 | 257.75 | 239.57 | 224.73 | 409.14 | 452.71 | 387.41 | 402.56 | 403.48 |
| PER(x) | 27.86 | 39.24 | 25.51 | 29.32 | 52.8 | 0 | 0 | 68.06 | 47.02 | 68.47 | 45.04 |
| Price/Book(x) | 3.12 | 6.73 | 6.44 | 5.54 | -6.16 | -2.45 | -3.71 | -6.74 | -9.78 | -18.34 | -19.12 |
| Dividend Yield(%) | 1.56 | 1.29 | 1.16 | 1.37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 4.77 | 2.5 | 1.92 | 1.99 | 1.76 | 1.02 | 1.93 | 2.53 | 2.36 | 3.14 | 2.32 |
| EV/Core EBITDA(x) | 18.74 | 14.09 | 12.01 | 11.46 | 16.46 | 5.6 | 9.17 | 10.48 | 10.13 | 13.34 | 9.02 |
| Net Sales Growth(%) | -0.55 | 97.33 | 41.48 | 2.22 | -3.36 | 5.93 | -27.06 | 16.38 | 25.02 | 7.45 | 2.82 |
| EBIT Growth(%) | -16.21 | 44.75 | 49.62 | 18.11 | -54.37 | 35.03 | -46.29 | 114.92 | 38.02 | 0.97 | 16.51 |
| PAT Growth(%) | -7.51 | 12.24 | 61.55 | -8.78 | -55.13 | -325.69 | 89.57 | 582.99 | 68.28 | 1.96 | 8.52 |
| EPS Growth(%) | -6.67 | 6.83 | 70.81 | -11.18 | -54.4 | -318.53 | 90.1 | 615.03 | 69.8 | -0.07 | 10.38 |
| Debt/Equity(x) | 2.25 | 1.39 | 1.31 | 1.16 | -1.6 | -1.14 | -1.25 | -1.37 | -1.37 | -2.05 | -3.29 |
| Current Ratio(x) | 2.34 | 1.15 | 1.27 | 2.31 | 1.87 | 1.54 | 1.74 | 1.48 | 1.77 | 1.2 | 1.59 |
| Quick Ratio(x) | 2.32 | 0.87 | 0.99 | 1.76 | 1.43 | 1.23 | 1.37 | 1.15 | 1.41 | 0.97 | 1.22 |
| Interest Cover(x) | 10.68 | 6.88 | 7.94 | 3.51 | 3.44 | 2.19 | 1.03 | 2.06 | 2.35 | 2.14 | 2.23 |
| Total Debt/Mcap(x) | 0.72 | 0.21 | 0.2 | 0.21 | 0.26 | 0.46 | 0.33 | 0.2 | 0.14 | 0.11 | 0.17 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 66.81 | 66.77 | 66.77 | 66.76 | 66.76 | 66.75 | 66.74 | 66.74 | 66.74 | 66.74 |
| FII | 5.18 | 5.22 | 5.25 | 5.33 | 5.31 | 5.37 | 5.36 | 5.42 | 5.44 | 5.52 |
| DII | 10.41 | 10.58 | 10.7 | 10.45 | 10.24 | 10.19 | 10.07 | 10.18 | 10.01 | 10.38 |
| Public | 17.6 | 17.42 | 17.28 | 17.45 | 17.69 | 17.69 | 17.83 | 17.65 | 17.81 | 17.37 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 | 13.48 |
| FII | 1.05 | 1.05 | 1.06 | 1.08 | 1.07 | 1.09 | 1.08 | 1.1 | 1.1 | 1.11 |
| DII | 2.1 | 2.14 | 2.16 | 2.11 | 2.07 | 2.06 | 2.03 | 2.06 | 2.02 | 2.1 |
| Public | 3.55 | 3.52 | 3.49 | 3.52 | 3.57 | 3.57 | 3.6 | 3.57 | 3.6 | 3.51 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20.18 | 20.19 | 20.2 | 20.2 | 20.2 | 20.2 | 20.2 | 20.2 | 20.2 | 20.2 |
* The pros and cons are machine generated.
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