Mahindra & Mahindra

    M&M
    Auto
    ₹3107.00
    price as of 11/9/2026, 5:27:55 pm

    Market cap ₹3.73 L Cr

    P/E
    18.91
    Day range
    ₹3,069.10 – ₹3,124.20
    52-week range
    ₹2,896.00 – ₹3,839.90
    Volume
    13.11 L
    Open
    ₹3,110.00
    Prev close
    ₹3,123.80
    Promoters pledged 3.4% of their shares
    52-week range, adjusted for splits and bonuses
    ₹2,896₹3,839.9
    16 Mar 20265 Jan 2026
    Index membership & F&O
    NIFTY 50NIFTY 100NIFTY 200NIFTY 500NIFTY AUTOF&O lot 200

    Price history

    6M change -1.93%RSI (14) 29.7 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 53.0% today vs 56.9% average · BSE close ₹3,120

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹2,800₹3,000₹3,200₹3,400₹3,6000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Neutral
    Near-month future
    ₹3,119.2
    Change
    -0.18%
    Basis over spot
    +₹12.15
    Futures OI (shares)
    1.22 Cr
    OI change
    +0.35%
    Put-call ratio
    0.51
    Max pain
    ₹3,250
    Resistance (call OI)
    ₹3,400
    Support (put OI)
    ₹3,200
    Lot size
    200

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    260028002900300031003200330034003500360037003800400004.5 L9.0 L13.5 L18.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    19.0
    EPS (TTM)
    ₹164.44
    ROE (FY26)
    21.9%
    ROCE (latest year)
    15%
    Dividend yield
    1.06%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹3,185.8Price below₹3,271.62Price below₹3,345.72Price below₹3,277.27Price below₹3,195.18Price below₹3,341.18Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +17.8%
    Profit 3Y CAGR
    +17.9%
    Revenue YoY (Jun 2026)
    +27.8%
    Profit YoY (Jun 2026)
    +37.0%
    Operating margin
    19.0%
    Net margin
    10.3%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr15.0K Cr30.0K Cr45.0K Cr60.0K Cr0%5%10%15%20%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • FII
    • DII
    • Promoter
    • Public
    • Others
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-20.0KCr-10.0KCr0 Cr10.0K Cr20.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26-8%0%8%16%24%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr35.0K Cr70.0K Cr1.1L Cr1.4L Cr0.0x0.6x1.1x1.6x2.2x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales34,43635,29935,45237,21837,92441,47042,59945,52946,10652,10054,98258,188
    Expenses28,70629,07528,84829,97530,79033,23934,65837,11737,16641,93944,85547,360
    Operating Profit5,7306,2246,6047,2437,1338,2317,9428,4128,94010,16010,12710,827
    OPM %17%18%19%19%19%20%19%18%19%20%18%19%
    Other Income8127567507331,1267191,1101,2101,1349761,1371,121
    Interest1,8351,9451,9892,1082,2172,3622,3972,4312,3472,4052,4072,560
    Depreciation1,1391,1231,3351,2481,3021,4952,0291,5481,6692,1631,9431,760
    Profit before tax3,5683,9124,0304,6214,7405,0924,6275,6446,0586,5696,9147,628
    Tax %30%24%22%23%29%29%23%22%35%24%24%21%
    Net Profit2,4842,9773,1253,5463,3613,6243,5424,3773,9645,0215,2605,998
    EPS in Rs₹18.88₹21.38₹22.15₹26.40₹25.50₹25.58₹26.50₹32.84₹29.54₹37.59₹37.53₹43.86

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. It also has presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, agri, aerospace, consulting services, defence, energy and industrial equipment through its subsidiaries and group companies. It was incorporated in 1945 by Ghulam Mohammad and two Mahindra Brothers (KC & JC Mahindra) and was later renamed as Mahindra & Mahindra in 1948. [1]

    Strengths

    • Company has delivered good profit growth of 50.6% CAGR over last 5 years
    • Company has been maintaining a healthy dividend payout of 21.4%

    Risks

    • Stock is trading at 4.17 times its book value
    • Promoter holding is low: 18.4%

    Compounded Sales Growth

    10 Years
    +10%
    5 Years
    +22%
    3 Years
    +18%
    TTM
    +26%

    Compounded Profit Growth

    10 Years
    +19%
    5 Years
    +51%
    3 Years
    +23%
    TTM
    +38%

    Stock Price CAGR

    10 Years
    +16%
    5 Years
    +33%
    3 Years
    +26%
    1 Year
    -14%

    Return on Equity

    10 Years
    +15%
    5 Years
    +18%
    3 Years
    +19%
    Last Year
    +20%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter18.43%18.43%18.45%18.44%-0.01 pp
    FII38.04%37.49%36.23%34.89%-1.34 pp
    DII29.95%30.39%31.37%32.58%+1.21 pp
    Government0.08%0.12%0.21%0.13%-0.08 pp
    Public9.93%10.03%10.25%10.47%+0.22 pp
    Others3.55%3.52%3.50%3.47%-0.03 pp

    Filed with NSE for Jun 2026: promoters 18.45%, public 78.08% · XBRL filing

    Analysts & fund holdings

    97%
    97% recommend buy
    35 analysts cover the stock
    Valuation vs Automobiles
    P/E18.9 vs 27.6
    Sector P/B5.69
    Beta1.01

    Who holds the shares, quarter by quarter

    Mutual funds 17.85% (+0.60 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters18.1%
    • Foreign institutions34.3%
    • Mutual funds17.9%
    • Insurance10.7%
    • Other domestic institutions3.6%
    • Retail7.4%
    • Others8.0%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Parag Parikh Flexi Cap Fund1.43%3.97%+0.42 pp
    ICICI Pru Large Cap Fund0.48%2.47%+0.27 pp
    Nippon India Large Cap Fund0.39%2.92%+0.62 pp
    Axis Large Cap Fund0.30%3.99%+0.53 pp
    Mirae Asset Large Cap Fund0.29%3.12%+0.87 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹33.00

      Dividend - Rs 33 Per Share

      3 Jul 2026
      ex-date
    • dividend
      ₹25.30

      Dividend - Rs 25.30 Per Share

      4 Jul 2025
      ex-date
    • dividend
      ₹21.10

      Annual General Meeting/Dividend - Rs 21.10 Per Share

      5 Jul 2024
      ex-date
    • dividend
      ₹16.25

      Annual General Meeting/Dividend - Rs 16.25 Per Share

      14 Jul 2023
      ex-date
    • dividend
      ₹11.55

      Annual General Meeting/Dividend - Rs 11.55 Per Share

      14 Jul 2022
      ex-date
    • dividend
      ₹8.75

      Annual General Meeting/Dividend - Rs 8.75 Per Share

      15 Jul 2021
      ex-date
    • dividend
      ₹2.35

      Annual General Meeting/Dividend - Rs 2.35 Per Share

      16 Jul 2020
      ex-date
    • dividend
      ₹8.50

      Annual General Meeting/Dividend - Rs 8.50 Per Share

      18 Jul 2019
      ex-date
    • dividend
      ₹7.50

      Annual General Meeting/Dividend- Rs 7.50 Per Share

      12 Jul 2018
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      21 Dec 2017
      ex-date
    • dividend
      ₹13.00

      Annual General Meeting/Dividend - Rs 13/- Per Share

      13 Jul 2017
      ex-date
    • dividend
      ₹12.00

      Annual General Meeting/ Dividend - Rs 12/- Per Share

      21 Jul 2016
      ex-date
    • dividend
      ₹12.00

      Annual General Meeting/Dividend - Rs 12/- Per Share

      16 Jul 2015
      ex-date
    • dividend
      ₹13.50

      Annual General Meeting / Dividend - Rs 13.50/- Per Share + Special Dividend - Re 0.50/- Per Share

      17 Jul 2014
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend 12.50/-+Special Dividend 0.50/- Per Share

      18 Jul 2013
      ex-date
    • dividend
      ₹12.50

      Annual General Meeting And Dividend - Rs.12.50 Per Share

      12 Jul 2012
      ex-date
    • dividend
      ₹10.50

      Annual General Meeting/Final Dividend Rs.10.50 Per Share And Special Dividend Re.1/- Per Share

      14 Jul 2011
      ex-date
    • dividend
      ₹8.75

      Annual General Meeting/Final Dividend Rs.8.75 Per Share And Special Dividend Re.0.75 Per Share (Purpose Revised)

      8 Jul 2010
      ex-date
    • split
      Not available — not reported in this filing

      Fv Split Rs.10 To Rs.5

      29 Mar 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Rs.10/- Per Sharepurpose Revised

      9 Jul 2009
      ex-date

    Insider trades

    Last 12 months, market trades
    Net buying ₹54.0 Cr
    34 buys · ₹54.7 Cr
    7 sells · ₹76.2 L
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    Mahendra Bhalerao
    Employees/Designated Employees · Market Sale
    		Sell1,000₹34.3 L1 Oct 2025
    Sriram Ramachandran
    Employees/Designated Employees · Market Sale
    		Sell476₹16.3 L30 Sept 2025
    Sriram Ramachandran
    Employees/Designated Employees · Market Sale
    		Sell24₹81,60030 Sept 2025
    SUROJIT KUNDU
    Employees/Designated Employees · Market Sale
    		Sell75₹2.7 L24 Sept 2025
    Ameet Shanbhag
    Employees/Designated Employees · ESOP
    		Buy282₹10.2 L24 Sept 2025
    SUROJIT KUNDU
    Employees/Designated Employees · ESOP
    		Buy277₹10.0 L24 Sept 2025
    SUROJIT KUNDU
    Employees/Designated Employees · ESOP
    		Buy50₹1.8 L24 Sept 2025
    Vinod Sahay
    Employees/Designated Employees · Market Sale
    		Sell301₹10.9 L24 Sept 2025
    Samir Rawte
    Employees/Designated Employees · ESOP
    		Buy1,130₹40.9 L24 Sept 2025
    Sameer Desai
    Employees/Designated Employees · ESOP
    		Buy650₹23.5 L24 Sept 2025
    Vinod Sahay
    Employees/Designated Employees · ESOP
    		Buy1,039₹37.6 L24 Sept 2025
    Damodhar Tota
    Employees/Designated Employees · ESOP
    		Buy1,003₹36.3 L24 Sept 2025

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication regarding Special Window for Re-Lodgement of Transfer Request of Physical Shares.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Please refer enclosed

    Company Update
    Report For The Month Of August 2026

    Please find enclosed Production, Sales and Export figures of the Company for the month of August 2026

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Please refer enclosed file.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please refer to the enclosed file.

    Company Update
    Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- ESG Ratings

    Please find enclosed

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Please refer to the enclosed file.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Please find attached 3 Press Releases issued by the Company

    Company Update
    Transfer Of Equity Shares By Mahindra & Mahindra Employees' Stock Option Trust To The Stock Option Grantees

    Please refer enclosed file

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Please refer enclosed file.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please refer enclosed

    Company Update
    Update On Analyst/Investor Meeting

    Please refer enclosed

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Please refer enclosed

    Company Update
    Transfer Of Equity Shares By Mahindra & Mahindra Employees' Stock Option Trust To The Stock Option Grantees

    Please refer enclosed file

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Please refer enclosed

    Filed with BSE (scrip 500520); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Regulatory orders

    • Order

      Exemption order under regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of Mahindra & Mahindra Limited

      26 Mar 2018
      Read on SEBI
    • Order

      Adjuidcation Order against Shri Sanjay Joglekar in the matter of Mahindra & Mahindra Ltd.

      21 Aug 2014
      Read on SEBI
    • Adjudication order

      Adjudication Order against Dilip Yewale in the matter of Mahindra & Mahindra Limited

      12 Aug 2014
      Read on SEBI
    • Adjudication order

      Adjudication Orders in respect of Shri Gopalan Murali in the matter of Mahindra & Mahindra Limited

      7 Aug 2014
      Read on SEBI
    • Adjudication order

      Adjudication Orders in respect of Shri Pavan Kumar in the matter of Mahindra & Mahindra Limited

      7 Aug 2014
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 7 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.