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Mahindra & Mahindra

₹2504.5 -9.9 | 0.4%

Market Cap ₹311442 Cr.

Stock P/E 24.8

P/B 6

Current Price ₹2504.5

Book Value ₹ 420.6

Face Value 5

52W High ₹2560

Dividend Yield 0.84%

52W Low ₹ 1238

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 2015 Sep 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
Net Sales 9276 10609 12048 12376 12184 11578 13308
Other Income 484 708 311 205 562 98 171
Total Income 9760 11317 12358 12580 12745 11676 13479
Total Expenditure 8268 9376 11178 11129 10454 10084 11554
Operating Profit 1492 1941 1180 1452 2291 1592 1926
Interest 43 26 48 32 23 25 33
Depreciation 239 334 427 348 363 369 399
Exceptional Income / Expenses 0 0 94 0 0 386 48
Profit Before Tax 1211 1581 799 1072 1905 1584 1541
Provision for Tax 295 418 177 323 574 368 482
Profit After Tax 915 1163 622 749 1332 1216 1059
Adjustments -915 -1163 -622 -749 -1332 -1216 -1059
Profit After Adjustments 0 0 0 0 0 0 0
Adjusted Earnings Per Share 7.7 9.8 5.2 6.3 11.2 10.2 8.9

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 40441 40509 38445 40875 44054 48686 53614 45488 44630 57787 84960 49446
Other Income 564 718 855 850 1390 1130 1785 1764 1447 2348 2728 1036
Total Income 41005 41226 39300 41725 45443 49815 55399 47251 46077 60135 87688 50480
Total Expenditure 35747 35787 34278 36255 39539 42462 46974 39690 37672 50759 74518 43221
Operating Profit 5258 5439 5022 5470 5905 7354 8425 7562 8405 9375 13170 7261
Interest 191 259 214 186 204 206 209 209 644 520 455 113
Depreciation 711 863 975 1068 1526 1479 1860 2223 2370 2498 3154 1479
Exceptional Income / Expenses 91 53 336 69 548 434 -30 -2014 -3087 -209 -1430 434
Profit Before Tax 4447 4369 4169 4284 4723 6102 6325 3116 2303 6148 8131 6102
Provision for Tax 1094 611 848 1080 1079 1746 1529 1785 1319 1278 1582 1747
Profit After Tax 3353 3758 3321 3205 3643 4356 4796 1331 984 4870 6549 4356
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -4356
Profit After Adjustments 3353 3758 3321 3205 3643 4356 4796 1331 984 4870 6549 0
Adjusted Earnings Per Share 28.4 31.8 28.1 27 30.7 36.6 40.2 11.2 8.2 40.7 54.7 36.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 47% 23% 12% 8%
Operating Profit CAGR 40% 20% 12% 10%
PAT CAGR 34% 70% 8% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 101% 46% 31% 16%
ROE Average 16% 11% 10% 15%
ROCE Average 19% 14% 14% 18%

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 14659 16791 19255 22423 26786 30294 34209 34468 34951 38198 43357
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 3172 3744 2514 1495 2234 2196 2032 2032 6990 5682 2332
Other Non-Current Liabilities 1472 1986 2201 1737 1060 1628 2256 3029 3435 3746 4052
Total Current Liabilities 8150 8767 8974 9844 9634 13329 14200 10973 16189 18981 25855
Total Liabilities 27454 31289 32945 35500 39713 47447 52697 50502 61564 66607 75780
Fixed Assets 4958 5877 5929 7596 7771 7859 10082 10395 12011 14904 16976
Other Non-Current Assets 13552 14123 16887 16268 19334 23107 24544 24966 28740 25477 24160
Total Current Assets 8943 11289 10128 11636 12608 16370 18053 15141 20813 26175 33951
Total Assets 27454 31289 32945 35500 39713 47447 52697 50502 61564 66607 75780

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 1136 1164 1706 917 842 534 1418 2238 2324 868 717
Cash Flow from Operating Activities 4146 3728 3219 5471 3710 7027 4924 3678 9594 6977 9129
Cash Flow from Investing Activities -2896 -2407 -2423 -3538 -2782 -5110 -2549 -2576 -14536 -3964 -4753
Cash Flow from Financing Activities -1222 -824 -1585 -2007 -1161 -1033 -1555 -1015 3514 -3166 -3784
Net Cash Inflow / Outflow 28 497 -788 -75 -233 883 820 87 -1428 -153 592
Closing Cash & Cash Equivalent 1164 1706 917 842 534 1418 2238 2324 868 717 1310

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) 28.4 31.83 28.08 27.04 30.69 36.61 40.25 11.15 8.24 40.7 54.66
CEPS(Rs) 34.42 39.15 36.32 36.05 43.54 49.04 55.86 29.78 28.07 61.58 80.99
DPS(Rs) 13 14 12 12 13 7.5 8.5 2.35 8.75 11.55 16.25
Book NAV/Share(Rs) 122.96 140.95 161.8 188.02 223.79 252.66 285.12 286.69 290.4 317.29 359.71
Core EBITDA Margin(%) 10.81 10.95 10.26 10.59 9.53 12.59 11.7 12.06 15.05 11.82 11.86
EBIT Margin(%) 10.68 10.73 10.79 10.24 10.4 12.76 11.51 6.92 6.37 11.22 9.75
Pre Tax Margin(%) 10.24 10.13 10.26 9.82 9.97 12.34 11.15 6.48 4.98 10.34 9.23
PAT Margin (%) 7.72 8.72 8.17 7.34 7.69 8.81 8.45 2.77 2.13 8.19 7.44
Cash Profit Margin (%) 9.36 10.72 10.57 9.79 10.91 11.8 11.73 7.39 7.25 12.4 11.02
ROA(%) 13.09 12.8 10.34 9.36 9.69 10 9.58 2.58 1.76 7.6 9.2
ROE(%) 25.3 24.12 18.56 15.47 14.92 15.38 14.98 3.9 2.86 13.4 16.16
ROCE(%) 27.44 23.76 20.02 18.51 17.92 20.06 18.66 8.95 7.36 15.27 18.53
Receivable days 17.39 19.97 22.76 21.2 20.99 22.56 22.9 26.37 20.53 16.09 14.68
Inventory Days 20.09 22.11 23.54 21.44 20.98 20.15 21.04 27.49 32.3 33.02 30.78
Payable days 54.4 62.83 66.01 66.83 69.23 74.36 78.99 86.97 97.22 93.64 79.92
PER(x) 15.16 15.4 21.14 22.37 20.93 20.22 16.69 25.55 96.53 19.8 21.2
Price/Book(x) 3.5 3.48 3.67 3.22 2.87 2.93 2.36 0.99 2.74 2.54 3.22
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) 1.3 1.46 1.87 1.77 1.76 1.81 1.47 0.72 2.16 1.72 1.64
EV/Core EBITDA(x) 9.99 10.84 14.31 13.22 13.11 11.99 9.36 4.34 11.45 10.59 10.55
Net Sales Growth(%) 26.99 0.17 -5.09 6.32 7.78 10.51 10.12 -15.16 -1.89 29.48 47.02
EBIT Growth(%) 23.08 -0.21 -5.3 1.99 10.2 28.04 3.59 -49.11 -11.36 126.23 28.76
PAT Growth(%) 16.46 12.1 -11.63 -3.51 13.69 19.56 10.1 -72.26 -26.03 394.83 34.47
EPS Growth(%) 16.21 12.09 -11.79 -3.71 13.51 19.29 9.95 -72.29 -26.14 394.07 34.3
Debt/Equity(x) 0.24 0.24 0.19 0.13 0.11 0.1 0.08 0.09 0.22 0.17 0.11
Current Ratio(x) 1.1 1.29 1.13 1.18 1.31 1.23 1.27 1.38 1.29 1.38 1.31
Quick Ratio(x) 0.8 0.97 0.86 0.91 1.02 1.03 1 1.07 0.99 1.06 0.97
Interest Cover(x) 24.26 17.86 20.45 24.03 24.14 30.67 31.21 15.9 4.58 12.82 18.86
Total Debt/Mcap(x) 0.07 0.07 0.05 0.04 0.04 0.03 0.03 0.09 0.08 0.06 0.03

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 93.64 to 79.92days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 18.15%.
  • Company has a low return on equity of 11% over the last 3 years.
  • Stock is trading at 6 times its book value.
  • The company has delivered a poor profit growth of 8% 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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