Mahindra & Mahindra

Mahindra & Mahindra Ltd.

NSE: M&M BSE: 500520 SECTOR: Automobiles - Passenger Cars  221k   2k   505

1144.75
+16.65 (1.48%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 1152.2

Today's Low

₹ 1130.4

52 Week High

₹ 1396

52 Week Low

₹ 798

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 142352.96 Cr.

Enterprise Value

₹ 145192.38 Cr.

No. of Shares

124.35 Cr.

P/E

22.45

P/B

3.34

Face Value

₹ 5

Div. Yield

1.01 %

Book Value (TTM)

₹  343.23

CASH

₹ 3650.53 Cr.

DEBT

₹ 6489.95 Cr.

Promoter Holding

19.39 %

EPS (TTM)

₹  50.98

Sales Growth

28.72%

ROE

13.44 %

ROCE

15.34%

Profit Growth

401.47 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Mahindra & Mahindra Ltd.

KUV 100 BOLERO SCORPIO TUV 300 XYLO XUV500 Jeeto Plus CRUZIO THAR Verito Marazzo JAWA YUVA ALFA SUPRO YUVRAJ ARJUN NOVO Swaraj Krish-e Quanto REXTON VERITO BLAZO JAYO FURIO CENTURO GUSTO mojo m2all

Index Presence

The company is present in 41 Indices.

NFTALLO30

NIFTY Alpha Low-Volatility 30
16594.5
  129.599999999999 (0.787128983473928%)

NFTY200MOM30

Nifty200 Momentum 30
18044.45
  305.900000000001 (1.72449270092538%)

NI15

NI15
8526.25
  92.7000000000007 (1.09918124633162%)

NIFTY

Nifty 50
17080.7
  129 (0.760985623860733%)

NIFTY100

Nifty 100
16918.05
  122.700000000001 (0.730559351249016%)

NIFTY100ESG

NIFTY100 ESG
3159.25
  26 (0.829809303438922%)

NIFTY100WEIGHT

Nifty100 Equal Weight
19018.9
  179.950000000001 (0.955201855729748%)

NIFTY200

Nifty 200
8875.6
  73.5500000000011 (0.835600797541503%)

NIFTY500

Nifty 500
14345.6
  133.800000000001 (0.941471171843133%)

NIFTY500VAL50

NIFTY500 Value 50
6847.87
  113.36 (1.68327020080155%)

NIFTYALPHA

Nifty Alpha 50
25805.2
  634.650000000001 (2.52139901591344%)

NIFTYAUTO

Nifty Auto
12121.3
  203.349999999999 (1.70624981645333%)

NIFTYCONSUMP

Nifty India Consumption
7104.6
  54.3500000000004 (0.770894649125919%)

NIFTYGR15

Nifty Growth Sectors 15
7690.75
  318.55 (4.32096253492851%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
9500.9
  113.4 (1.20798934753661%)

NIFTYMAH

Nifty Mahindra Group
16625.63
  230.600000000002 (1.40652380629984%)

NIFTYEQWGT

NIFTY50 Equal Weight
19408.35
  232.049999999999 (1.21008745169819%)

NIFTYMFG

Nifty Manufacturing
7862.6
  84.4000000000005 (1.08508395258544%)

NIFTYTOTALMCAP

Nifty Total Market index
7984.8
  76.6999999999998 (0.969891630100772%)

NIFTYMOBILITY

Nifty Mobility Index
10105.25
  179.040000000001 (1.80370957293872%)

NT100ALP30

NIFTY100 Alpha 30
10063.04
  115.17 (1.15773527398328%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
9335.95
  111.550000000001 (1.20929274532762%)

NIFTYTRANSLOG

Nifty Transportation & Logistics index
11412.06
  211.26 (1.88611527748017%)

SENSEX

S&P Bse Sensex
57960.09
  346.369999999995 (0.601193604578909%)

BSE100

S&P Bse 100
17320.33
  140.790000000001 (0.81952136087462%)

BSE200

S&P Bse 200
7279.41
  63.0299999999997 (0.873429614294152%)

BSE500

S&P Bse 500
22822.89
  214.5 (0.948762826543592%)

AUTO

S&P Bse Auto
27974.38
  479.040000000001 (1.74225887004853%)

GREENEX

S&P Bse Greenex
4291.4
  50.4099999999999 (1.18863755868324%)

CARBONEX

S&P Bse Carbonex
2825.38
  23.8900000000003 (0.852760495307869%)

CDGS

S&P Bse Consumer Discretionary
5302.37
  70.9799999999996 (1.35680956686464%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
6841.84
  60.3800000000001 (0.890368740654668%)

LRGCAP

S&P Bse LargeCap
6480.35
  47.6400000000003 (0.740589891352172%)

ALLCAP

S&P Bse Allcap
6549.12
  64.6599999999999 (0.997153193943667%)

MFG

S&P Bse Manufacturing
666.8
  6.37 (0.964523113728943%)

SPBSMOIP

S&P Bse Momentum
1076.32
  24.6299999999999 (2.34194486968593%)

SNSX50

S&P Bse Sensex50
17957.44
  135.66 (0.761203426369317%)

ESG100

S&P Bse 100 ESG Index
284.47
  1.80000000000001 (0.636784943573776%)

S&PDIVSTABLE

S&P Bse Dividend Stability
598.49
  5.99000000000001 (1.01097046413503%)

LMI250

S&P Bse 250 LargeMidCap
6882.97
  61.0100000000002 (0.8943177620508%)

BSE100LARGECAPTMC

S&P Bse 100 LargeCap TMC
6153.54
  44.8999999999996 (0.735024489902814%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year28.72%
3 Year2.33%
5 Year5.45%

Profit Growth

1 Year401.47%
3 Year0.96%
5 Year6.26%

ROE%

1 Year13.44%
3 Year6.73%
5 Year10.11%

ROCE %

1 Year15.34%
3 Year10.55%
5 Year14.07%

Debt/Equity

0.1675

Price to Cash Flow

20.07

Interest Cover Ratio

13.0622509382133

CFO/PAT (5 Yr. Avg.)

1.97025603006466

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 19.39 0.06
Sep 2022 19.38 0.06
Jun 2022 19.45 0.06
Mar 2022 19.47 0.06
Dec 2021 19.47 0.06
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has a healthy Interest coverage ratio of 13.0622509382133.
  • Company’s PEG ratio is 0.0560340189068011.
  • The company has an efficient Cash Conversion Cycle of -44.6804484367532 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.97025603006466.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 4.5857460435408.

 Limitations

  • The company has shown a poor profit growth of 0.958116628866668% for the Past 3 years.
  • The company has shown a poor revenue growth of 2.32783501162148% for the Past 3 years.
  • Company has a poor ROE of 6.73376163562718% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 15349.05 17123.98 19612.64 20839.27 21653.74
Total Expenditure 13546.33 15178.44 17271.61 18342.92 18839.53
Operating Profit 1802.72 1945.54 2341.03 2496.35 2814.21
Other Income 517.28 238.7 238.58 1325.88 670.01
Interest 54.02 55.82 69.79 63.66 68.56
Depreciation 644.73 680.48 680.63 775.58 829.16
Exceptional Items 0 124.79 -40.97 -247.86 -628.88
Profit Before Tax 1621.25 1572.73 1788.22 2735.13 1957.62
Tax 285.87 280.79 358.06 645.21 429.56
Profit After Tax 1335.38 1291.94 1430.16 2089.92 1528.06
Adjusted EPS (Rs) 11.17 10.8 11.95 17.46 12.76

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 48685.55 53614 45487.78 44629.87 57445.97
Total Expenditure 42461.53 46974.44 39689.72 37672.39 50403.68
Operating Profit 6224.02 6639.56 5798.06 6957.48 7042.29
Other Income 1129.82 1784.95 1763.71 1447.24 2369.84
Interest 205.66 209.37 209.13 644.07 516.94
Depreciation 1479.42 1860.4 2222.63 2369.92 2451.06
Exceptional Items 433.61 -29.73 -2013.98 -3087.28 -208.67
Profit Before Tax 6102.37 6325.01 3116.03 2303.45 6235.46
Tax 1746.36 1528.97 1785.48 1319.29 1300.24
Net Profit 4356.01 4796.04 1330.55 984.16 4935.22
Adjusted EPS (Rs.) 36.61 40.25 11.15 8.24 41.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 594.97 595.8 596.52 597.39 598.3
Total Reserves 29699.07 33613.43 33871.32 34353.61 38362.65
Borrowings 2195.9 2031.78 2032.03 6989.84 5678.02
Other N/C liabilities 1627.74 2255.98 3029.37 3435.1 3671
Current liabilities 13329.02 14200.07 10972.82 16188.55 18820.29
Total Liabilities 47446.7 52697.06 50502.06 61564.49 67130.26
Assets
Net Block 7859.41 10081.75 10394.59 12011.3 14548.62
Capital WIP 1079.72 706.77 1196.68 2891.23 1521.52
Intangible WIP 2048.99 1713.02 2812.78 3234.23 3496.65
Investments 16645.48 19032.07 17748.48 17291.82 17207.75
Loans & Advances 2851.65 2630.88 2753.15 4313.25 2911.92
Other N/C Assets 591.27 479.92 454.89 1009.39 1576.5
Current Assets 16370.18 18052.65 15141.49 20813.27 25867.3
Total Assets 47446.7 52697.06 50502.06 61564.49 67130.26
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 5668.76 6354.74 5130.01 5390.73 6444.13
Adjustment 866.66 509.25 939.8 1754.32 750.9
Changes in Assets & Liabilities 1780.33 -505.98 -1309.64 3586.63 496.74
Tax Paid -1288.67 -1434.14 -1082.34 -1138.05 -598.08
Operating Cash Flow 7027.08 4923.87 3677.83 9593.63 7093.69
Investing Cash Flow -5109.71 -2549.02 -2576.44 -14563.75 -4358.82
Financing Cash Flow -1033.31 -1555.22 -1015.46 3514.15 -2885.19
Net Cash Flow 884.06 819.63 85.93 -1455.97 -150.32

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 19.47 19.47 19.45 19.38 19.39
prudential managem... 11.72 11.72 11.72 11.69 11.68
m&m benefit trust-... 6.99 7.00 - - -
m&m benefit trust ... - - 7.00 6.98 -
m&m benefit trust ... - - - - 6.97
uma r malhotra 0.08 0.08 0.08 0.08 0.08
leena s labroo 0.10 0.10 0.10 0.10 0.10
anand gopal mahind... 0.12 0.12 0.12 0.12 0.12
sudha keshub mahin... 0.12 0.12 0.12 0.12 0.12
sudha keshub mahin... - - - - -
yuthica keshub mah... 0.06 0.06 0.06 0.05 0.05
keshub mahindra# 0.07 0.07 0.07 0.07 0.07
keshub mahindra - - - - -
kema services inte... 0.06 0.06 0.06 0.06 0.06
anuradha mahindra 0.04 0.04 0.04 0.04 0.04
anjali k mahindra 0.02 0.02 0.02 0.02 0.02
sanjay mohan labroo - - - 0.01 0.02
nisheeta labroo 0.01 0.01 0.01 0.01 0.01
radhika nath 0.01 0.01 0.01 0.01 0.01
aneesha labroo 0.01 0.01 0.01 0.01 0.01
sanjay labroo 0.01 0.01 0.01 - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 80.53 80.53 80.55 80.62 80.61
life insurance cor... 8.60 8.47 - - -
life insurance cor... - - 6.64 6.11 5.20
qualified institut... 6.45 6.24 - - -
icici prudential v... - - - - -
first sentier inve... - - 3.62 3.61 3.40
first state invest... 3.68 4.15 - - -
icici prudential v... - - - - -
sbi nifty 50 etf a... - - - - 3.90
icici prudential v... - - - - -
sbi nifty 50 etf a... - - - 3.85 -
mahindra and mahin... - - - 3.82 3.78
sbi-etf nifty 50 a... - - 3.74 - -
icici prudential f... - - 3.44 - -
sbi-etf nifty 50 a... - - - - -
sbi-etf nifty 50 -... - - - - -
icici prudential l... - - - - -
sbi-etf nifty 50 a... - - - - -
sbi-etf nifty 50 a... 2.80 2.73 - - -
sbi-etf nifty 50 a... - - - - -
icici prudential v... 2.41 2.22 - - -
icici prudential b... - - - 2.31 -
icici prudential b... - - - - 2.27
caisse de depot et... 1.95 1.06 - - -
hdfc trustee compa... - - - - 1.89
government of sing... - - - 1.50 1.88
axis mutual fund t... - - - 1.81 -
government pension... 1.38 1.32 1.58 1.60 1.69
axis mutual fund t... - - - - 1.67
hdfc trustee compa... - - - 1.59 -
icici prudential l... 1.54 1.53 1.09 1.22 -
icici prudential l... - - - - 1.26
kuwait investment ... - 1.40 - - -
kuwait investment ... 1.39 - - - -
government of sing... - 1.10 - - -
icici prudential l... - - - - -
nps trust along wi... 1.28 1.32 - - -
kuwait investment ... - - - - -
icici prudential l... - - - - -
kuwait investment ... - - - - -
hdfc trustee compa... - - 1.30 - -
kuwait investment ... - - - - 1.29
nps trust along w... - - - - -
sbi life insurance... 1.13 1.16 1.10 - -
nps trust- a/c sbi... - - - - -
nps trust - along... - - - - -
nps trust along wi... - - - - -
kuwait investment ... - - - - -
kuwait investment ... - - 1.21 - -
axis mutual fund t... - - 1.19 - -
nps trust- a/c lic... - - - - -
government of sing... 1.16 - 1.13 - -
uti - nifty exchan... - - - - 1.16
nps trust- a/c lic... - - 1.14 - -
kuwait investment ... - - - 1.14 -
nps trust- a/c hdf... - - - - 1.14
general insurance ... - - - - -
uti - nifty exchan... - - - 1.13 -
vanguard emerging ... - - 1.07 1.05 -
caisse de depot et... - - - - -
caisse de depot et... - - 1.06 1.03 -
mfs emerging marke... - - - - -
vanguard emerging ... - - - - 1.05
abu dhabi investme... - 1.03 - - -
kotak flexicap fun... - - - - -
investor education... - - - 0.20 0.21
iepf 0.19 0.19 0.20 - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Mahindra & Mahindra crosses 1 lakh production mark of Thar30 Mar 2023, 4:49PM M&M inks pact to acquire stake in Mahindra Aerospace25 Mar 2023, 10:05AM IFC to invest Rs 600 crore in M&M’s new last-mile mobility company22 Mar 2023, 4:08PM Mahindra & Mahindra informs about press release 20 Mar 2023, 5:01PM M&M acquires balance 52.67% stake in MITRA20 Mar 2023, 10:29AM Mahindra & Mahindra informs about updates on acquisition18 Mar 2023, 2:05PM M&M sells entire stake held in Mahindra Consulting Engineers17 Mar 2023, 10:29AM M&M winds up business in Bangladesh 15 Mar 2023, 10:54AM M&M sells 6% stake in Mahindra CIE Automotive13 Mar 2023, 3:42PM M&M’s Farm Equipment Sector logs 30% growth in domestic tractor sales in February1 Mar 2023, 5:46PM M&M posts 8% growth in total vehicle sales in February1 Mar 2023, 3:59PM M&M enters into asset transfer agreement with Mahindra Electric Automobile22 Feb 2023, 2:16PM M&M inks pact with Artelia for sale of stake in Mahindra Consulting Engineers11 Feb 2023, 12:32PM M&M reports 20% rise in Q3 consolidated net profit 10 Feb 2023, 4:29PM Mahindra & Mahindra - Quaterly Results10 Feb 2023, 12:43PM Mahindra & Mahindra - Quaterly Results10 Feb 2023, 12:43PM Mahindra & Mahindra - Quaterly Results10 Feb 2023, 12:43PM M&M signs MoU with Telangana Government 10 Feb 2023, 9:59AM Mahindra Electric Mobility merges with Mahindra & Mahindra 3 Feb 2023, 10:41AM Mahindra & Mahindra informs about disclosure2 Feb 2023, 3:04PM M&M’s Farm Equipment Sector reports 31% growth in tractor sales during January1 Feb 2023, 4:57PM M&M gets Maharashtra government’s nod to set up electric vehicle plant in Pune20 Jan 2023, 10:30AM Mahindra & Mahindra informs about board meeting intimation 19 Jan 2023, 4:30PM M&M's XUV400 priced at Rs 15.99 lakh onwards17 Jan 2023, 3:26PM M&M introduces all-new range of Thar 9 Jan 2023, 2:12PM Mahindra & Mahindra reports 27% jump in tractor sales in December 2 Jan 2023, 3:44PM M&M reports 61% rise in domestic passenger vehicle sales in December2 Jan 2023, 2:36PM M&M completes acquisition of balance 12.61% stake in MWTESL31 Dec 2022, 10:24AM M&M issues call option to MITRA’s shareholders to complete acquisition of MITRA29 Dec 2022, 4:13PM Mahindra & Mahindra informs about press release 14 Dec 2022, 12:55PM M&M gets nod for investment of Rs 10,000 crore for Electric Vehicles14 Dec 2022, 12:12PM M&M secures 5-star rating in GNCAP’s new crash test protocols for Scorpio-N13 Dec 2022, 2:36PM Mahindra & Mahindra informs about report 12 Dec 2022, 12:48PM Mahindra & Mahindra informs about analyst meet 2 Dec 2022, 5:17PM M&M reports 56% rise in domestic passenger vehicle sales2 Dec 2022, 3:18PM M&M’s Farm Equipment Sector launches farm machinery plant in Pithampur17 Nov 2022, 11:20AM Mahindra & Mahindra informs about outcome of board meeting11 Nov 2022, 4:19PM Mahindra & Mahindra reports 21% rise in Q2 consolidated net profit11 Nov 2022, 12:59PM Mahindra & Mahindra - Quaterly Results11 Nov 2022, 11:39AM Mahindra & Mahindra - Quaterly Results11 Nov 2022, 11:39AM Mahindra & Mahindra - Quaterly Results11 Nov 2022, 11:39AM M&M partners with Mutares for transforming Peugeot Motocycles11 Nov 2022, 9:58AM M&M’s arm incorporates wholly owned subsidiary10 Nov 2022, 10:51AM Mahindra & Mahindra logs 11% jump in tractor sales in October2 Nov 2022, 11:22AM M&M reports 60% rise in domestic passenger vehicle sales in October2 Nov 2022, 10:59AM Mahindra & Mahindra informs about board meeting intimation31 Oct 2022, 4:29PM M&M inks pact with CHARGE+ZONE28 Oct 2022, 9:17AM Mahindra & Mahindra incorporates wholly owned subsidiary27 Oct 2022, 10:08AM Mahindra & Mahindra informs about newspaper publication15 Oct 2022, 3:53PM M&M, Jio-bp enter into agreement to set up charging network for upcoming electric SUVs12 Oct 2022, 12:00PM

Mahindra & Mahindra Stock Price Analysis and Quick Research Report. Is Mahindra & Mahindra an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Mahindra & Mahindra is performing and if it is the right time to buy the stock of Mahindra & Mahindra with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Mahindra & Mahindra has reported outstanding sales growth of 28.7164179505788 % and in the latest quarter sales was Rs 21653.74 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 11.0809839280993 times for Mahindra & Mahindra . It is managing its inventory poorly . 
     
  • The company reported Profit growth of 401.46520890912 % over the year, where the latest year profit is Rs 4935.22 Cr compared to the previous year of Rs 984.16 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 2814.21 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Mahindra & Mahindra has a average ROE of 13.441311138047 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Mahindra & Mahindra has a low Debt to Equity ratio of 0.1675.
     
  • Mahindra & Mahindra pays a dividend of 11.55 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 1.007 %.
     
  • The share of promoter in the company is low at 19.39 %, where the pledging is 0.06 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Mahindra & Mahindra is 22.4440321195028 compared to the 5 year average PE of 35.7058051487181 .
Brief about Mahindra & Mahindra

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