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Mahindra & Mahindra

₹2212.6 30.4 | 1.4%

Market Cap ₹275137 Cr.

Stock P/E 22.1

P/B 4.3

Current Price ₹2212.6

Book Value ₹ 508.9

Face Value 5

52W High ₹2256.8

Dividend Yield 0.73%

52W Low ₹ 1234.9

Mahindra & Mahindra Research see more...

Overview Inc. Year: 1945Industry: Automobiles - Passenger Cars

Mahindra and Mahindra Ltd is an India-based agency engaged in the mobility merchandise and farm solutions. The Company's segments iinclude Automotive and Farm Equipment. The Automotive phase contains the sale of automobiles, spares, mobility solutions, production system and associated offerings. The Farm Equipment segment accommodates the sale of tractors, implements, spares and associated services It also accommodates of Powerol and spares enterprise unit. The Company offers a range of products and solutions, together with SUV's, pickups, commercial automobiles and tractors to electric cars, two-wheelers, and production system. Its industries consist of aerospace, aftermarket, agribusiness, automobile, boats, clean energy, consulting, production device, defence, farm system, hospitality, IT, insurance dealer, logistics, energy backup, retail, steel, real estate and infrastructure, and automobile and system finance.

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Mahindra & Mahindra Share Price

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Mahindra & Mahindra Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 21470 23594 25934 28412 29871 30620 32366 33406 34436 35218
Other Income 266 191 281 216 260 300 484 1292 592 592
Total Income 21736 23785 26215 28628 30131 30920 32850 34699 35027 35810
Total Expenditure 16578 19068 21657 24016 24856 25368 26798 27646 28706 29075
Operating Profit 5158 4717 4559 4613 5275 5553 6052 7053 6321 6735
Interest 1285 1211 1222 1219 1382 1596 1634 1719 1835 1945
Depreciation 852 919 935 960 1092 1110 1194 1128 1139 1123
Exceptional Income / Expenses -36 205 294 18 706 494 32 0 0 0
Profit Before Tax 2985 2792 2695 2451 3508 3341 3255 4207 3347 3667
Provision for Tax 954 725 648 533 922 738 493 784 1084 935
Profit After Tax 2032 2067 2048 1918 2586 2603 2762 3423 2264 2732
Adjustments -103 -79 190 278 187 74 -126 86 84 -73
Profit After Adjustments 1929 1987 2237 2196 2773 2677 2637 3508 2348 2658
Adjusted Earnings Per Share 17.4 17.9 20.1 19.7 24.9 24 23.7 31.5 21.1 23.9

Mahindra & Mahindra Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 68693 74001 71448 75841 83773 92094 104721 75382 74278 90171 121269 135426
Other Income 391 505 552 521 766 631 1086 1029 1098 1038 1206 2960
Total Income 69084 74506 72000 76362 84539 92725 105806 76411 75376 91208 122475 138386
Total Expenditure 59580 63881 62682 65759 73074 78868 89514 62190 60667 75591 100983 112225
Operating Profit 9505 10625 9318 10603 11465 13857 16292 14220 14710 15617 21492 26161
Interest 2297 2954 3157 3368 3648 3987 5021 6021 6102 5018 5830 7133
Depreciation 2080 2170 2124 2442 2813 3280 3991 3367 3378 3508 4357 4584
Exceptional Income / Expenses 453 318 275 32 447 2628 224 -1171 -1158 414 1250 32
Profit Before Tax 5580 5820 4313 5672 6350 10326 8871 4688 5348 9362 14060 14476
Provision for Tax 1935 1496 1720 2118 2300 2368 2854 1976 1646 2109 2686 3296
Profit After Tax 3646 4323 2593 3555 4051 7958 6017 2713 3702 7253 11374 11181
Adjustments 453 344 545 -406 -352 -447 -701 -2586 -1889 -676 -1093 -29
Profit After Adjustments 4099 4667 3137 3148 3698 7510 5315 127 1812 6577 10282 11151
Adjusted Earnings Per Share 34.7 39.5 26.5 29.1 34.1 69.1 48.9 1.1 16.3 59.1 92.3 100.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 34% 17% 6% 6%
Operating Profit CAGR 38% 15% 9% 9%
PAT CAGR 57% 61% 7% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 78% 42% 29% 15%
ROE Average 22% 16% 14% 16%
ROCE Average 15% 12% 12% 14%

Mahindra & Mahindra Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 19961 23307 25856 26493 29738 36775 39983 39969 41582 47123 56366
Minority's Interest 5297 5733 5892 5920 6357 8250 8361 7692 9070 9703 10716
Borrowings 19860 25492 22327 23599 30125 33809 43526 52298 52778 48625 55027
Other Non-Current Liabilities 4910 5799 6568 7197 7784 8385 11409 11748 9869 10650 11587
Total Current Liabilities 26103 27558 33733 36644 39832 49150 58609 54010 51446 56288 70579
Total Liabilities 76131 87889 94376 99852 113835 136369 161889 165716 164745 172388 204276
Fixed Assets 18307 18381 19047 20585 20989 26182 28983 29689 21380 26018 27140
Other Non-Current Assets 23628 29913 35579 35356 44059 51111 63500 71981 71228 71222 85811
Total Current Assets 34196 39594 39750 43911 48788 59012 69406 63949 72138 75148 91269
Total Assets 76131 87889 94376 99852 113835 136369 161889 165716 164745 172388 204276

Mahindra & Mahindra Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 3139 3823 4633 2676 2522 2937 4467 6139 4745 3375 3488
Cash Flow from Operating Activities -922 -244 1055 2385 183 682 -4347 -1457 17909 9248 -7074
Cash Flow from Investing Activities -2788 -4490 -4165 -5799 -5875 -5468 -7168 -6895 -18447 -3226 -8547
Cash Flow from Financing Activities 4508 5577 1669 2967 6108 6315 13194 6933 406 -5883 15946
Net Cash Inflow / Outflow 799 844 -1441 -447 416 1528 1678 -1419 -132 139 325
Closing Cash & Cash Equivalent 3823 4633 3000 2522 2937 4467 6139 4745 3375 3488 3493

Mahindra & Mahindra Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 34.72 39.53 26.53 29.11 34.13 69.14 48.86 1.15 16.32 59.14 92.32
CEPS(Rs) 48.5 55 39.88 55.44 63.34 103.45 91.99 54.84 63.77 96.76 141.26
DPS(Rs) 13 14 12 6 6.5 7.5 8.5 2.35 8.75 11.55 16.25
Book NAV/Share(Rs) 167.83 196.12 217.59 243.67 272.45 336.44 365.37 358.16 372.22 421.71 503.8
Core EBITDA Margin(%) 12.32 12.94 11.69 12.53 12.02 14.18 14.52 16.69 17.69 15.62 16.06
EBIT Margin(%) 10.65 11.21 9.96 11.23 11.24 15.35 13.27 13.55 14.88 15.41 15.75
Pre Tax Margin(%) 7.54 7.44 5.75 7.05 7.14 11.07 8.47 5.93 6.95 10.03 11.13
PAT Margin (%) 4.93 5.53 3.46 4.42 4.55 8.53 5.75 3.43 4.81 7.77 9
Cash Profit Margin (%) 7.74 8.3 6.29 7.45 7.71 12.05 9.56 7.69 9.2 11.53 12.45
ROA(%) 5.22 5.27 2.84 3.66 3.79 6.36 4.03 1.66 2.24 4.3 6.04
ROE(%) 20.03 20.12 10.61 13.65 14.5 24.09 15.77 6.83 9.14 16.44 22.09
ROCE(%) 17.81 16.38 12.22 13.72 13.65 16.72 13.65 9.18 9.46 11.92 14.9
Receivable days 25.96 25.43 27.26 25.62 26.7 30.7 29.92 36.04 30.68 24.21 19.36
Inventory Days 38.42 39.12 40.9 39.85 36.92 35.66 37.53 53.84 49.16 41.48 41.11
Payable days 76.1 74.42 75.67 79.75 80.41 87.73 93.62 140.32 128.04 110.89 98.63
PER(x) 12.4 12.4 22.38 20.78 18.82 10.71 13.75 248.69 48.71 13.62 12.55
Price/Book(x) 2.57 2.5 2.73 2.48 2.36 2.2 1.84 0.8 2.14 1.91 2.3
Dividend Yield(%) 1.51 1.43 1.01 0.99 1.01 1.01 1.27 0.82 1.1 1.43 1.4
EV/Net Sales(x) 1.09 1.17 1.44 1.35 1.36 1.41 1.29 1.41 2.07 1.7 1.7
EV/Core EBITDA(x) 7.85 8.14 11.08 9.66 9.92 9.36 8.3 7.47 10.43 9.81 9.61
Net Sales Growth(%) 15.65 7.73 -3.45 6.15 10.46 9.93 13.71 -28.02 -1.46 21.4 34.49
EBIT Growth(%) 31.66 11.38 -14.86 21.02 10.61 43.14 -2.94 -22.91 6.91 25.59 38.32
PAT Growth(%) 31.33 18.59 -40.03 37.1 13.95 96.46 -24.39 -54.91 36.46 95.93 56.82
EPS Growth(%) 30.82 13.85 -32.9 9.74 17.24 102.59 -29.33 -97.65 1324.46 262.3 56.1
Debt/Equity(x) 1.45 1.52 1.47 1.58 1.65 1.53 1.78 2.08 1.89 1.59 1.58
Current Ratio(x) 1.31 1.44 1.18 1.2 1.22 1.2 1.18 1.18 1.4 1.34 1.29
Quick Ratio(x) 0.99 1.13 0.93 0.95 1 1.01 0.98 0.98 1.22 1.13 1.05
Interest Cover(x) 3.43 2.97 2.37 2.68 2.74 3.59 2.77 1.78 1.88 2.87 3.41
Total Debt/Mcap(x) 0.54 0.58 0.51 0.55 0.61 0.61 0.85 2.33 0.79 0.75 0.62

Mahindra & Mahindra Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 18.89 18.88 18.88 18.88 18.89 18.88 18.88 18.88 18.89 18.15
FII 37.5 36.17 36.84 37.27 38.15 38.25 39.14 39.32 39.96 40.76
DII 27.04 27.99 28.16 27.84 27.08 27.03 26.28 26.23 25.75 25.57
Public 13.56 13.94 13.22 13.4 13.3 13.32 13.21 13.23 13.18 13.14
Others 3.01 3.02 2.9 2.61 2.57 2.52 2.48 2.34 2.21 2.39
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 110.89 to 98.63days.

Cons

  • Promoter holding is low: 18.15%.
  • Stock is trading at 4.3 times its book value.
  • The company has delivered a poor profit growth of 7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Mahindra & Mahindra News

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