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Mahindra & Mahindra

₹3059.3 -14.2 | 0.5%

Market Cap ₹380427 Cr.

Stock P/E 31.0

P/B 5.4

Current Price ₹3059.3

Book Value ₹ 567.5

Face Value 5

52W High ₹3221.1

Dividend Yield 0.69%

52W Low ₹ 1575.3

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.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 28412 29871 30620 32456 33892 34436 35218 35452 37218 37924
Other Income 216 260 300 394 807 592 592 356 409 659
Total Income 28628 30131 30920 32850 34699 35027 35810 35807 37626 38583
Total Expenditure 24016 24856 25368 26798 27646 28706 29075 28848 29975 30790
Operating Profit 4613 5275 5553 6052 7053 6321 6735 6960 7652 7793
Interest 1219 1382 1596 1634 1719 1835 1945 1989 2108 2217
Depreciation 960 1092 1110 1194 1128 1139 1123 1335 1248 1302
Exceptional Income / Expenses 18 706 494 32 0 0 0 0 0 0
Profit Before Tax 2451 3508 3341 3255 4207 3347 3667 3635 4296 4274
Provision for Tax 533 922 738 493 784 1084 935 905 1075 1379
Profit After Tax 1918 2586 2603 2762 3423 2264 2732 2730 3221 2895
Adjustments 278 187 74 -126 86 84 -73 24 61 276
Profit After Adjustments 2196 2773 2677 2637 3508 2348 2658 2754 3283 3171
Adjusted Earnings Per Share 19.7 24.9 24 23.7 31.5 21.1 23.9 24.7 29.4 28.4

Mahindra & Mahindra Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 74001 71448 75841 83773 92094 104721 75382 74278 90171 121269 138279 145812
Other Income 505 552 521 766 631 1086 1029 1098 1038 1443 3095 2016
Total Income 74506 72000 76362 84539 92725 105806 76411 75376 91208 122711 141374 147826
Total Expenditure 63881 62682 65759 73074 78868 89514 62190 60667 75591 101037 114186 118688
Operating Profit 10625 9318 10603 11465 13857 16292 14220 14710 15617 21674 27188 29140
Interest 2954 3157 3368 3648 3987 5021 6021 6102 5018 6012 7608 8259
Depreciation 2170 2124 2442 2813 3280 3991 3367 3378 3508 4357 4724 5008
Exceptional Income / Expenses 318 275 32 447 2628 224 -1171 -1158 414 1250 0 0
Profit Before Tax 5820 4313 5672 6350 10326 8871 4688 5348 9362 14060 15978 15872
Provision for Tax 1496 1720 2118 2300 2368 2854 1976 1646 2109 2686 3708 4294
Profit After Tax 4323 2593 3555 4051 7958 6017 2713 3702 7253 11374 12270 11578
Adjustments 344 545 -406 -352 -447 -701 -2586 -1889 -676 -1093 -1001 288
Profit After Adjustments 4667 3137 3148 3698 7510 5315 127 1812 6577 10282 11269 11866
Adjusted Earnings Per Share 39.5 26.5 29.1 34.1 69.1 48.9 1.1 16.3 59.1 92.3 101.1 106.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 23% 6% 6%
Operating Profit CAGR 25% 23% 11% 10%
PAT CAGR 8% 49% 15% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 85% 53% 43% 17%
ROE Average 20% 20% 15% 16%
ROCE Average 15% 14% 12% 13%

Mahindra & Mahindra Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 23307 25856 26493 29738 36775 39983 39969 41582 47123 56366 66191
Minority's Interest 5733 5892 5920 6357 8250 8361 7692 9070 9703 10716 11319
Borrowings 25492 22327 23599 30125 33809 43526 52298 52778 48625 55427 69741
Other Non-Current Liabilities 5799 6568 7197 7784 8385 11409 11748 9869 10650 11187 11925
Total Current Liabilities 27558 33733 36644 39832 49150 58609 54010 51446 56288 70579 75546
Total Liabilities 87889 94376 99852 113835 136369 161889 165716 164745 172388 204276 234722
Fixed Assets 18381 19047 20585 20989 26182 28983 29689 21380 26018 27140 28129
Other Non-Current Assets 29913 35579 35356 44059 51111 63500 71981 71228 71222 85811 108327
Total Current Assets 39594 39750 43911 48788 59012 69406 63949 72138 75148 91269 98240
Total Assets 87889 94376 99852 113835 136369 161889 165716 164745 172388 204276 234722

Mahindra & Mahindra Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 3823 4633 2676 2522 2937 4467 6139 4745 3375 3488 3493
Cash Flow from Operating Activities -244 1055 2385 183 682 -4347 -1457 17909 9248 -7074 -5630
Cash Flow from Investing Activities -4490 -4165 -5799 -5875 -5468 -7168 -6895 -18447 -3226 -8547 -5598
Cash Flow from Financing Activities 5577 1669 2967 6108 6315 13194 6933 406 -5883 15946 12281
Net Cash Inflow / Outflow 844 -1441 -447 416 1528 1678 -1419 -132 139 325 1054
Closing Cash & Cash Equivalent 4633 3000 2522 2937 4467 6139 4745 3375 3488 3493 4530

Mahindra & Mahindra Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 39.53 26.53 29.11 34.13 69.14 48.86 1.15 16.32 59.14 92.32 101.09
CEPS(Rs) 55 39.88 55.44 63.34 103.45 91.99 54.84 63.77 96.76 141.26 152.44
DPS(Rs) 14 12 6 6.5 7.5 8.5 2.35 8.75 11.55 16.25 21.1
Book NAV/Share(Rs) 196.12 217.59 243.67 272.45 336.44 365.37 358.16 372.22 421.71 503.8 591.09
Core EBITDA Margin(%) 12.94 11.69 12.53 12.02 14.18 14.52 16.69 17.69 15.62 16.02 16.64
EBIT Margin(%) 11.21 9.96 11.23 11.24 15.35 13.27 13.55 14.88 15.41 15.89 16.29
Pre Tax Margin(%) 7.44 5.75 7.05 7.14 11.07 8.47 5.93 6.95 10.03 11.13 11.03
PAT Margin (%) 5.53 3.46 4.42 4.55 8.53 5.75 3.43 4.81 7.77 9.01 8.47
Cash Profit Margin (%) 8.3 6.29 7.45 7.71 12.05 9.56 7.69 9.2 11.53 12.45 11.74
ROA(%) 5.27 2.84 3.66 3.79 6.36 4.03 1.66 2.24 4.3 6.04 5.59
ROE(%) 20.12 10.61 13.65 14.5 24.09 15.77 6.83 9.14 16.44 22.09 20.11
ROCE(%) 16.38 12.22 13.72 13.65 16.72 13.65 9.18 9.46 11.92 15.02 14.88
Receivable days 25.43 27.26 25.62 26.7 30.7 29.92 36.04 30.68 24.21 19.36 18.26
Inventory Days 39.12 40.9 39.85 36.92 35.66 37.53 53.84 49.16 41.48 41.11 44.68
Payable days 74.42 75.67 79.75 80.41 87.73 93.62 140.32 128.04 110.89 98.58 101.53
PER(x) 12.4 22.38 20.78 18.82 10.71 13.75 248.69 48.71 13.62 12.55 19.01
Price/Book(x) 2.5 2.73 2.48 2.36 2.2 1.84 0.8 2.14 1.91 2.3 3.25
Dividend Yield(%) 1.43 1.01 0.99 1.01 1.01 1.27 0.82 1.1 1.43 1.4 1.1
EV/Net Sales(x) 1.17 1.44 1.35 1.36 1.41 1.29 1.41 2.07 1.7 1.71 2.22
EV/Core EBITDA(x) 8.14 11.08 9.66 9.92 9.36 8.3 7.47 10.43 9.81 9.55 11.31
Net Sales Growth(%) 7.73 -3.45 6.15 10.46 9.93 13.71 -28.02 -1.46 21.4 34.49 14.03
EBIT Growth(%) 11.38 -14.86 21.02 10.61 43.14 -2.94 -22.91 6.91 25.59 39.59 17.5
PAT Growth(%) 18.59 -40.03 37.1 13.95 96.46 -24.39 -54.91 36.46 95.93 56.82 7.87
EPS Growth(%) 13.85 -32.9 9.74 17.24 102.59 -29.33 -97.65 1324.46 262.3 56.1 9.49
Debt/Equity(x) 1.52 1.47 1.58 1.65 1.53 1.78 2.08 1.89 1.59 1.59 1.6
Current Ratio(x) 1.44 1.18 1.2 1.22 1.2 1.18 1.18 1.4 1.34 1.29 1.3
Quick Ratio(x) 1.13 0.93 0.95 1 1.01 0.98 0.98 1.22 1.13 1.05 1.05
Interest Cover(x) 2.97 2.37 2.68 2.74 3.59 2.77 1.78 1.88 2.87 3.34 3.1
Total Debt/Mcap(x) 0.58 0.51 0.55 0.61 0.61 0.85 2.33 0.79 0.75 0.62 0.44

Mahindra & Mahindra Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 18.88 18.88 18.89 18.88 18.88 18.88 18.89 18.15 18.14 18.14
FII 36.84 37.27 38.15 38.25 39.14 39.32 39.96 40.76 40.95 40.29
DII 28.16 27.84 27.08 27.03 26.28 26.23 25.75 25.57 25.66 26.53
Public 13.22 13.4 13.3 13.32 13.21 13.23 13.18 13.14 13 12.87
Others 2.9 2.61 2.57 2.52 2.48 2.34 2.21 2.39 2.25 2.17
Total 100 100 100 100 100 100 100 100 100 100

Pros

Cons

  • Promoter holding is low: 18.14%.
  • Debtor days have increased from 98.58 to 101.53days.
  • Stock is trading at 5.4 times its book value.

* 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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