Mahindra & Mahindra
Market cap ₹3.43 L Cr
- P/E
- 17.39
- Day range
- ₹2,812.00 – ₹2,927.40
- 52-week range
- ₹2,812.00 – ₹3,839.90
- Volume
- 54.51 L
- Open
- ₹2,926.00
- Prev close
- ₹2,950.00
Latest results · Q1 FY27(consolidated)Revenue ₹58,188 Cr+27.8%Profit ₹5,998 Cr+37.0%Margin 10.3%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
M&M in NSE indices and F&O
F&O margin for one lot of M&M (200 shares)Research profile
Composite 49 / 100Factor percentiles
Derived metrics
- Earn. yield
- 5.8%
- Graham no.
- ₹1,609.75
- vs Graham
- -43.7%
- ROE ÷ P/B
- 5.7%
- 12-1 mom.
- -9.8%
- Return / vol
- -0.79
- Magic Formula
- #47
- Piotroski
- 5/6
- FCF yield
- 0.6%
- PEG
- 0.36
Appears in 20 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 41 in Auto| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Maruti SuzukiMARUTI | ₹358.0K Cr | 25.00 | 3.34 | 14.4% | 19.0% | 8.0% | 0.00 | +35.9% |
| Mahindra & MahindraM&M | ₹343.4K Cr | 17.39 | 3.82 | 21.9% | 15.0% | 19.0% | 1.47 | +27.8% |
| Bajaj AutoBAJAJ-AUTO | ₹275.8K Cr | 23.87 | 8.49 | 28.6% | 28.0% | 21.0% | 0.58 | +65.1% |
| TVS MotorTVSMOTOR | ₹191.1K Cr | 55.85 | 20.00 | 35.3% | 17.0% | 14.0% | 3.43 | +33.5% |
| Eicher MotorsEICHERMOT | ₹190.0K Cr | 32.89 | 8.47 | 23.8% | 31.0% | 24.0% | 0.02 | +31.5% |
| Motherson SumiMOTHERSON | ₹165.4K Cr | 37.04 | 4.05 | 10.8% | 13.0% | 9.0% | 0.47 | +16.7% |
| Hyundai Motor IndiaHYUNDAI | ₹164.5K Cr | 33.22 | 8.23 | 29.9% | 38.0% | 9.0% | 0.05 | -0.5% |
| BoschBOSCHLTD | ₹134.1K Cr | 56.80 | 9.75 | 19.4% | 22.0% | 14.0% | 0.01 | +22.0% |
| Sector median | ₹34.8K Cr | 35.24 | 6.89 | 20.5% | 17.0% | 13.0% | 0.26 | +22.9% |
Sector as classified in the tracked universe; medians use every tracked Auto company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7h agoHeadlines about Mahindra & Mahindra from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
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)
| 5-day | 10-day | 20-day | 50-day | 100-day | 300-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, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Jun 2026
- FII
- DII
- Promoter
- Public
- Others
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the bonus of 21 Dec 2017: earlier bars are per pre-bonus share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34,436 | 35,299 | 35,452 | 37,218 | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | 58,188 |
| Expenses | 28,706 | 29,075 | 28,848 | 29,975 | 30,790 | 33,239 | 34,658 | 37,117 | 37,166 | 41,939 | 44,855 | 47,360 |
| Operating Profit | 5,730 | 6,224 | 6,604 | 7,243 | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 | 10,160 | 10,127 | 10,827 |
| OPM % | 17% | 18% | 19% | 19% | 19% | 20% | 19% | 18% | 19% | 20% | 18% | 19% |
| Other Income | 812 | 756 | 750 | 733 | 1,126 | 719 | 1,110 | 1,210 | 1,134 | 976 | 1,137 | 1,121 |
| Interest | 1,835 | 1,945 | 1,989 | 2,108 | 2,217 | 2,362 | 2,397 | 2,431 | 2,347 | 2,405 | 2,407 | 2,560 |
| Depreciation | 1,139 | 1,123 | 1,335 | 1,248 | 1,302 | 1,495 | 2,029 | 1,548 | 1,669 | 2,163 | 1,943 | 1,760 |
| Profit before tax | 3,568 | 3,912 | 4,030 | 4,621 | 4,740 | 5,092 | 4,627 | 5,644 | 6,058 | 6,569 | 6,914 | 7,628 |
| Tax % | 30% | 24% | 22% | 23% | 29% | 29% | 23% | 22% | 35% | 24% | 24% | 21% |
| Net Profit | 2,484 | 2,977 | 3,125 | 3,546 | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | 5,998 |
| 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 2 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-13 days since Mar 2021
-26 days since Mar 2021
-35 days since Mar 2021
-4 days since Mar 2021
-29 days since Mar 2021
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 3.82 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
- +15%
- 5 Years
- +28%
- 3 Years
- +23%
- 1 Year
- -17%
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
| Holder | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 18.43% | 18.43% | 18.45% | 18.44% | -0.01 pp |
| FII | 38.04% | 37.49% | 36.23% | 34.89% | -1.34 pp |
| DII | 29.95% | 30.39% | 31.37% | 32.58% | +1.21 pp |
| Government | 0.08% | 0.12% | 0.21% | 0.13% | -0.08 pp |
| Public | 9.93% | 10.03% | 10.25% | 10.47% | +0.22 pp |
| Others | 3.55% | 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
Who holds the shares, quarter by quarter
Mutual funds 17.85% (+0.60 pp)- Promoters18.1%
- Foreign institutions34.3%
- Mutual funds17.9%
- Insurance10.7%
- Other domestic institutions3.6%
- Retail7.4%
- Others8.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 1.65% | 3.97% | +0.42 pp |
| ICICI Pru Large Cap Fund | 0.56% | 2.47% | +0.27 pp |
| Nippon India Large Cap Fund | 0.45% | 2.92% | +0.62 pp |
| Axis Large Cap Fund | 0.35% | 3.99% | +0.53 pp |
| Mirae Asset Large Cap Fund | 0.33% | 3.06% | +0.21 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.
Risk & trend
From 261 daily sessions to 1 Oct 2026.
Risk
- Volatility (1Y)
- 26.5%
- Downside volatility
- 27.6%
- Worst 5% of days
- 2.9%
- Average of that tail
- 3.7%
- Max drawdown (1Y)
- 24.8%
- Below its peak
- 24.8%
Against the market
- Beta vs Nifty 50
- 1.44
- Correlation
- 0.71
- Relative strength (3M)
- -1.2%
- ATR (14)
- 2.3%
Return
- Return 1M
- -12.2%
- Return 3M
- -8.8%
- Return 6M
- -3.2%
- Return 1Y
- -20.9%
- vs 200-day average
- -12.8%
Momentum
- RSI (14) · oversold
- 23.1
- MACD histogram
- -11.76
- Stochastic %K
- 15.2
- ADX (14)
- 52.1
- +DI / −DI
- 4.3 / 36.7
- Money flow index
- 19.4
Participation
- Delivery (20d avg)
- 62.4%
- vs its 60-day baseline
- +2.7 pts
- Volume vs 20-day
- +5.7σ
- Close vs day's VWAP
- +0.1%
- 52-week position
- 0 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
5 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — passed
- Free cash flow
- ₹20,51,91,00,000
- FCF yield
- 0.6%
- Cash conversion
- 0.63
- Accruals ratio
- 0.022
- Net debt
- ₹12,96,70,91,00,000
- Net debt / equity
- 1.39
- EV / sales
- 2.24
- PEG
- 0.36
- Capex intensity
- 4.8%
- Revenue CAGR
- 29.1%
- Profit CAGR
- 48.5%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 25 Sept 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹3,027.77
-0.2%
Upper edge (90th percentile)
₹3,144.03
+3.6%
The marker is the last close, ₹3,035. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹3,058.62 (+0.8%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 25 Sept 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Corporate actions
- dividend₹33.00
Dividend - Rs 33 Per Share
3 Jul 2026ex-date - dividend₹25.30
Dividend - Rs 25.30 Per Share
4 Jul 2025ex-date - dividend₹21.10
Annual General Meeting/Dividend - Rs 21.10 Per Share
5 Jul 2024ex-date - dividend₹16.25
Annual General Meeting/Dividend - Rs 16.25 Per Share
14 Jul 2023ex-date - dividend₹11.55
Annual General Meeting/Dividend - Rs 11.55 Per Share
14 Jul 2022ex-date - dividend₹8.75
Annual General Meeting/Dividend - Rs 8.75 Per Share
15 Jul 2021ex-date - dividend₹2.35
Annual General Meeting/Dividend - Rs 2.35 Per Share
16 Jul 2020ex-date - dividend₹8.50
Annual General Meeting/Dividend - Rs 8.50 Per Share
18 Jul 2019ex-date - dividend₹7.50
Annual General Meeting/Dividend- Rs 7.50 Per Share
12 Jul 2018ex-date - bonusNot available — not reported in this filing
Bonus 1:1
21 Dec 2017ex-date - dividend₹13.00
Annual General Meeting/Dividend - Rs 13/- Per Share
13 Jul 2017ex-date - dividend₹12.00
Annual General Meeting/ Dividend - Rs 12/- Per Share
21 Jul 2016ex-date - dividend₹12.00
Annual General Meeting/Dividend - Rs 12/- Per Share
16 Jul 2015ex-date - dividend₹13.50
Annual General Meeting / Dividend - Rs 13.50/- Per Share + Special Dividend - Re 0.50/- Per Share
17 Jul 2014ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend 12.50/-+Special Dividend 0.50/- Per Share
18 Jul 2013ex-date - dividend₹12.50
Annual General Meeting And Dividend - Rs.12.50 Per Share
12 Jul 2012ex-date - dividend₹10.50
Annual General Meeting/Final Dividend Rs.10.50 Per Share And Special Dividend Re.1/- Per Share
14 Jul 2011ex-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 2010ex-date - splitNot available — not reported in this filing
Fv Split Rs.10 To Rs.5
29 Mar 2010ex-date - otherNot available — not reported in this filing
Agm/Div-Rs.10/- Per Sharepurpose Revised
9 Jul 2009ex-date
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
Mahendra Bhalerao Employees/Designated Employees · Market Sale | Sell | 1,000 | ₹34.3 L | 1 Oct 2025 |
Sriram Ramachandran Employees/Designated Employees · Market Sale | Sell | 24 | ₹81,600 | 30 Sept 2025 |
Sriram Ramachandran Employees/Designated Employees · Market Sale | Sell | 476 | ₹16.3 L | 30 Sept 2025 |
SUROJIT KUNDU Employees/Designated Employees · ESOP | Buy | 50 | ₹1.8 L | 24 Sept 2025 |
SUROJIT KUNDU Employees/Designated Employees · ESOP | Buy | 277 | ₹10.0 L | 24 Sept 2025 |
Ameet Shanbhag Employees/Designated Employees · ESOP | Buy | 282 | ₹10.2 L | 24 Sept 2025 |
Vinod Sahay Employees/Designated Employees · Market Sale | Sell | 301 | ₹10.9 L | 24 Sept 2025 |
SUROJIT KUNDU Employees/Designated Employees · Market Sale | Sell | 75 | ₹2.7 L | 24 Sept 2025 |
Damodhar Tota Employees/Designated Employees · ESOP | Buy | 1,003 | ₹36.3 L | 24 Sept 2025 |
Ramesh Ramachandran Employees/Designated Employees · ESOP | Buy | 2,497 | ₹90.3 L | 24 Sept 2025 |
Vinod Sahay Employees/Designated Employees · ESOP | Buy | 1,039 | ₹37.6 L | 24 Sept 2025 |
Samir Rawte Employees/Designated Employees · ESOP | Buy | 1,130 | ₹40.9 L | 24 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
Please find enclosed three Press Releases issued by the Company.
Please refer enclosed file
Please refer enclosed file.
Please refer enclosed file.
Please refer enclosed file
Mahindra & Mahindra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Pursuant to the Listing ....
Please refer enclosed file
Please find attached disclosure for sale of Equity shares of the Company
Please refer enclosed file.
Please refer to the enclosed file.
The Credit Rating Release is attached
Newspaper Publication regarding Notice of loss of Share Certificate(S).
Please refer enclosed
Newspaper Publication regarding Special Window for Re-Lodgement of Transfer Request of Physical Shares.
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 2018Read on SEBI - Order
Adjuidcation Order against Shri Sanjay Joglekar in the matter of Mahindra & Mahindra Ltd.
21 Aug 2014Read on SEBI - Adjudication order
Adjudication Order against Dilip Yewale in the matter of Mahindra & Mahindra Limited
12 Aug 2014Read on SEBI - Adjudication order
Adjudication Orders in respect of Shri Gopalan Murali in the matter of Mahindra & Mahindra Limited
7 Aug 2014Read on SEBI - Adjudication order
Adjudication Orders in respect of Shri Pavan Kumar in the matter of Mahindra & Mahindra Limited
7 Aug 2014Read on SEBI
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlides
- Jul 2026SlidesRecording
- May 2026TranscriptSlides
- May 2026Slides
- Feb 2026TranscriptSlides
- Feb 2026Slides
Credit ratings
- Rating update · 28 Sep from icra
- Rating update · 18 Sep from crisil
- Rating update · 7 Sep from fitch
- Rating update · 3 Dec 2025 from care
- Rating update · 16 Oct 2025 from crisil
- Rating update · 29 Sep 2025 from care
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 30 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Mahindra & Mahindra: common questions
Answered from the figures on this page.
