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Mahindra & Mahindra Ltd (M&M)

₹2731.051%

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🔔 Revenue Growth Alert

Nomura and ICICI Securities expect 18-15% YoY revenue growth for M&M in Q1 FY25, driven by auto volumes

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 38 analysts

BUY

91.89%

Buy

8.11%

Hold

0.00%

Sell

Based on 38 analysts offering long term price targets for Mahindra & Mahindra Ltd. An average target of ₹3003.79

Source: S&P Global Market Intelligence

Mahindra & Mahindra Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹2,708.1
    ₹2,739
  • 52 Week's Low

    52 Week's High

    ₹1,415.75
    ₹3,013.5
1 Month Return-8.71 %
3 Month Return+ 31.68 %
1 Year Return+ 76 %
Previous Close₹2,703.95
Open₹2,722.85
Volume20.18L
Upper Circuit-
Lower Circuit-
Market Cap₹3,36,243.98Cr

Key Statistics

P/E Ratio26.73
PEG Ratio3.06
Market Cap₹3,36,243.98 Cr
P/B Ratio4.41
EPS-2.9

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Axis Bluechip Fund Direct Plan GrowthAxis Bluechip Fund Direct Plan Growth4.07%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth2.62%
Axis ELSS Tax Saver Fund Direct Plan Growth OptionAxis ELSS Tax Saver Fund Direct Plan Growth Option3.13%
SBI Automotive Opportunities Fund Direct GrowthSBI Automotive Opportunities Fund Direct Growth16.73%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth3.8%

Company Information

Mahindra & Mahindra Ltd is a multinational automotive manufacturing corporation founded in 1945 by brothers J.C. Mahindra and K.C. Mahindra. The company is headquartered in Mumbai, India and operates in multiple lines of business, including automotive, financial services, information technology, hospitality, and real estate.

Mahindra & Mahindra is one of the largest automobile manufacturers in India and has a wide range of vehicles, including passenger cars, SUVs, vans, and commercial vehicles. The company's popular products include the XUV500, Scorpio, Bolero, and Thar. Mahindra & Mahindra also owns several popular brands, such as Mahindra Tractors, Mahindra Racing, and Mahindra Reva.

Share Price: ₹2731.05 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,36,243.98Cr as of today
Revenue: ₹35,373.34Cr as on March 2024 (Q1 24)
Net Profit: ₹3,124.94Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Anand Mahindra
OrganisationMahindra & Mahindra Ltd
Headquarters
IndustryAutomobile
E-voting on sharesClick here to vote
KUV100 Share Price
Mahindra Supro Share Price
Jawa Share Price
Scorpio Share Price
Bolero Share Price
Thar Share Price
XUV300 Share Price

Key events for Mahindra & Mahindra Ltd

  • Nomura and ICICI Securities Positive on M&M's Growth Strategy - 15 Jul, 2024

    Nomura and ICICI Securities are optimistic about Mahindra & Mahindra's growth strategy, with both forecasting significant year-on-year revenue growth for the first quarter of fiscal 2025. Nomura predicts an 18% YoY increase in revenue, led by a 14% YoY rise in auto volumes, while ICICI Securities expects 15% revenue growth and maintains a buy rating with a target price of Rs 3,365 apiece (24% potential upside).

  • Mixed Sentiments Surround M&M Stock Amid Price Cut Concerns - 11 Jul, 2024

    Despite concerns over a sharp price cut, analysts at Investec and Morgan Stanley maintain buy ratings for Mahindra & Mahindra Ltd. The company clarified that there is no concern of unsold inventory and demand for the XUV700 remains robust. Some experts see this as a buying opportunity due to the company's strong lineup of ICE and EV vehicles.

  • Mahindra & Mahindra Shares Fall After Price Cut on Best-Selling SUV - 10 Jul, 2024

    Mahindra & Mahindra slashes the price of its best-selling SUV, XUV700, by over Rs 2 lakh as part of their ongoing business strategy. However, M&M shares fell by 6.89% due to slow June car sales and inventory worth Rs 60,000 crore lying unsold with dealers. The company clarified that the price cut had no connection to UP's hybrid policy.

  • Mahindra & Mahindra to Use ABB India's PixelPaint Technology for EV Paint Facility - 03 Jul, 2024

    Mahindra & Mahindra has chosen ABB India's PixelPaint technology for its new electric vehicle paint facility, becoming the first OEM to use this technology for painting contracting roofs and pillars. The deployment will begin serial production in 2025.

  • M&M Stock in Focus Amid Auto Sales Data Announcement - 01 Jul, 2024

    Mahindra & Mahindra's stock is in focus as investors remain bullish on the company's promising growth outlook and potential recovery in its farm equipment business for FY25. The company briefly overtook Tata Motors in a market capitalization battle.

  • Mahindra Partners Acquires Stake in Centre for Sight - 28 Jun, 2024

    Mahindra Partners, the private equity and corporate investment arm of Mahindra Group, has acquired a stake in eye care chain Centre for Sight for ₹206.5 crore from Matrix Partners, giving them a complete exit.

  • Hold on to Mahindra & Mahindra Ltd Stock, Says CEO - 27 Jun, 2024

    Nischal Maheshwari, CEO of Centrum Broking, advises investors to hold on to their Mahindra & Mahindra Ltd stock as the company's major season is starting now due to a good monsoon. Tractors are one of M&M's major products.

  • Swaraj Engines sees opportunities in growing horticultural segment - 24 Jun, 2024

    Swaraj Engines, which supplies diesel engines for tractors manufactured by M&M Swaraj Division, has identified the growing horticultural segment as an opportunity to increase tractor penetration in the lower horsepower market.

  • British International Investment to Invest $300 Million in Mahindra's EV Arm - 23 Jun, 2024

    Mahindra & Mahindra's electric vehicle arm has received a $300 million investment from British International Investment (BII) for the Indian EV sector. BII plans to invest another $300 million over the next three years in EV manufacturing, components, and financing segments in India.

  • Waaree Energies to Supply Solar Modules to Mahindra Susten - 20 Jun, 2024

    Mahindra & Mahindra is set to receive 280 MW of advanced solar modules from Waaree Energies for its ambitious renewable energy projects. The modules will be delivered from December 2024 onwards.

  • M&M Shares Rally After Analyst Day; Target Price Raised - 18 Jun, 2024

    Mahindra & Mahindra (M&M) shares rallied after several brokerages raised their target prices following the company's analyst day. Jefferies maintained a Buy rating, while Emkay Global raised EPS estimates. Nomura hiked its target price citing multiple growth levers. Anish Shah, Group MD & CEO, discussed M&M's growth strategies, targeting 5x growth in next 5-7 years with a focus on customer impact and EV solutions.

  • Mahindra Plans to Manufacture EV Batteries Locally - 17 Jun, 2024

    Mahindra & Mahindra is considering partnering with global players for local production of battery cells in India, aiming to start a product offensive in the electric car segment from January 2025.

  • Mahindra Group Plans to Invest Rs 37,000 Crore in Auto Sector - 16 Jun, 2024

    Mahindra Group plans to invest Rs 37,000 crore over the next three years across business verticals with a major portion earmarked for the auto sector. The company aims to introduce 23 new vehicles by 2030, including nine ICE SUVs, seven BEVs, and seven light commercial vehicles. Mahindra is also seeking partnerships with global players for local production of battery cells.

Insights on Mahindra & Mahindra Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 12 quarters, 19.78K Cr → 36.20K Cr (in ₹), with an average increase of 5.3% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, M&M has outperformed top 5 stocks with highest market-cap in Auto & Truck Manufacturers

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 39.96% to 40.76% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 2.34K Cr → 2.75K Cr (in ₹), with an average increase of 7.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bajaj Auto Ltd has given 95.1% return, outperforming this stock by 19.1%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 18.89% to 18.15% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 9.50% to 9.47% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 12.77% to 12.42% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, M&M stock has moved down by -5.2%

Mahindra & Mahindra Ltd Infographics

September Auto Sales: Take a look at top automakers' sales

Major automakers in India reported a robust jump in their September 2023 sales. Among 2-wheeler stocks, Hero Motocorp, Bajaj Auto and TVS Motors' sales grew between 28% and 30%. Mahindra and Mahindra topped 4-wheeler sales with a 35% YoY growth.

  • Major automakers in India reported a robust jump in their September 2023 sales. Among 2-wheeler stocks, Hero Motocorp, Bajaj Auto and TVS Motors' sales grew between 28% and 30%. Mahindra and Mahindra topped 4-wheeler sales with a 35% YoY growth.

News

M&M production rises 8% YoY in June'24

Mahindra & Mahindra said that its total production rose 7.73% to 69,045 units in the month of June 2024 as compared with 64,092 units produced in the same perio... Read more

12 Jul, 2024 12:37 PM

Mahindra & Mahindra’s 3 ESG Mantra: Planet Positive, People Positive, and Trust Positive

Mahindra & Mahindra’s ESG mantra of Planet Positive, People Positive, and Trust Positive encapsulates its holistic approach to sustainability.

14 Jul, 2024 08:22 PM

Auto Q1 Preview: Positive Surprise Seen From M&M, Tata Motors, TVS, But Ashok Leyland May Struggle

M&M and Tata Motors may surprise positively on margins amid new launches expected from both players this year, while Ashok Leyland in the CV category may li... Read more

15 Jul, 2024 09:14 AM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹35,373.34Cr
↑0.44%
Net Income
₹3,124.94Cr
↑4.97%
Net Profit Margin
8.83%
↑4.50%
2024Y/Y Change
Revenue
₹1,39,078.27Cr
↑14.69%
Net Income
₹12,269.82Cr
↑7.87%
Net Profit Margin
8.82%
↓5.97%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹84,355.00Cr
↑10.49%
Total Liabilities
₹32,078.44Cr
↓2.77%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹11,279.16Cr
↑23.55%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
18.15%
0.00
Foreign Institutions
40.76%
0.00
Mutual Funds
12.42%
0.00
Retail Investors
9.47%
0.00
Others
19.21%
0.00

Key Indicators

Mahindra & Mahindra Ltd Valuation

Mahindra & Mahindra Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-173.53x)

February 8, 2021

Today (26.73x)

July 12, 2024

Industry (46.33x)

July 12, 2024

Highest (449.04x)

June 23, 2020

LowHigh

Earnings and Dividends

  • Mahindra & Mahindra Ltd Earnings Results

    Mahindra & Mahindra Ltd’s net profit jumped 4.45% since last year same period to ₹2,754.08Cr in the Q4 2023-2024. On a quarterly growth basis, Mahindra & Mahindra Ltd has generated 3.6% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Mahindra & Mahindra Ltd Dividends May,2024

    In the quarter ending March 2024, Mahindra & Mahindra Ltd has declared dividend of ₹21.10 - translating a dividend yield of 1.38%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Mahindra & Mahindra Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Mahindra & Mahindra Ltd (M&M) share price today is ₹2731.05

Mahindra & Mahindra Ltd is listed on NSE

Mahindra & Mahindra Ltd is listed on BSE

  • Today’s highest price of Mahindra & Mahindra Ltd is ₹2739.
  • Today’s lowest price of Mahindra & Mahindra Ltd is ₹2708.1.

PE Ratio of Mahindra & Mahindra Ltd is 26.73

PE ratio = Mahindra & Mahindra Ltd Market price per share / Mahindra & Mahindra Ltd Earnings per share

Today’s traded volume of Mahindra & Mahindra Ltd(M&M) is 20.18L.

Today’s market capitalisation of Mahindra & Mahindra Ltd(M&M) is ₹336243.98Cr.

Mahindra & Mahindra Ltd(M&MPrice
52 Week High
₹3013.5
52 Week Low
₹1415.75

Mahindra & Mahindra Ltd(M&M) share price is ₹2731.05. It is down -9.37% from its 52 Week High price of ₹3013.5

Mahindra & Mahindra Ltd(M&M) share price is ₹2731.05. It is up 92.90% from its 52 Week Low price of ₹1415.75

Mahindra & Mahindra Ltd(M&MReturns
1 Day Returns
27.1%
1 Month Returns
-8.71%
3 Month Returns
31.68%
1 Year Returns
76%