₹ 2,881 -0.76%
05 Jul - close price
About
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]
Key Points
Global Presence
The group has a presence across 22 industries, 100+ countries and operates 150+ entities on a consolidated basis. [1]
- Market Cap ₹ 3,58,211 Cr.
- Current Price ₹ 2,881
- High / Low ₹ 3,014 / 1,416
- Stock P/E 31.8
- Book Value ₹ 532
- Dividend Yield 0.73 %
- ROCE 13.6 %
- ROE 18.4 %
- Face Value ₹ 5.00
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Pros
- Company has been maintaining a healthy dividend payout of 19.3%
Cons
- Stock is trading at 5.41 times its book value
- Promoter holding has decreased over last quarter: -0.73%
- Promoter holding is low: 18.6%
* 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.
Peer comparison
Sector: Automobile Industry: Automobiles - Passenger Cars
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
21,456 | 19,172 | 21,470 | 23,594 | 25,934 | 28,414 | 29,870 | 30,621 | 32,456 | 33,892 | 34,436 | 35,299 | 35,452 | |
18,057 | 18,184 | 16,578 | 19,068 | 21,657 | 24,016 | 24,802 | 25,368 | 26,798 | 27,642 | 28,706 | 29,075 | 28,848 | |
Operating Profit | 3,399 | 987 | 4,892 | 4,526 | 4,278 | 4,399 | 5,068 | 5,254 | 5,658 | 6,249 | 5,730 | 6,224 | 6,604 |
OPM % | 16% | 5% | 23% | 19% | 16% | 15% | 17% | 17% | 17% | 18% | 17% | 18% | 19% |
347 | 565 | 690 | 815 | 1,135 | 675 | 1,348 | 1,184 | 662 | 1,065 | 812 | 756 | 750 | |
Interest | 1,403 | 1,300 | 1,285 | 1,211 | 1,222 | 1,219 | 1,382 | 1,596 | 1,634 | 1,719 | 1,835 | 1,945 | 1,989 |
Depreciation | 850 | 802 | 852 | 919 | 935 | 960 | 1,092 | 1,110 | 1,194 | 1,128 | 1,139 | 1,123 | 1,335 |
Profit before tax | 1,493 | -550 | 3,445 | 3,211 | 3,256 | 2,894 | 3,943 | 3,732 | 3,492 | 4,468 | 3,568 | 3,912 | 4,030 |
Tax % | 23% | 40% | 28% | 23% | 20% | 18% | 23% | 20% | 14% | 18% | 30% | 24% | 22% |
1,150 | -332 | 2,491 | 2,485 | 2,608 | 2,361 | 3,021 | 2,994 | 2,998 | 3,684 | 2,484 | 2,977 | 3,125 | |
EPS in Rs | 0.64 | 3.41 | 15.51 | 15.99 | 18.00 | 17.66 | 22.30 | 21.53 | 21.20 | 28.21 | 18.88 | 21.38 | 22.15 |
Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
68,693 | 74,001 | 71,448 | 75,841 | 83,773 | 92,094 | 104,721 | 75,382 | 74,278 | 90,171 | 121,269 | 139,078 | |
59,578 | 63,830 | 62,655 | 65,759 | 73,038 | 78,868 | 89,514 | 65,224 | 62,791 | 75,488 | 100,983 | 114,186 | |
Operating Profit | 9,116 | 10,170 | 8,793 | 10,082 | 10,735 | 13,226 | 15,207 | 10,158 | 11,487 | 14,683 | 20,285 | 24,892 |
OPM % | 13% | 14% | 12% | 13% | 13% | 14% | 15% | 13% | 15% | 16% | 17% | 18% |
841 | 773 | 800 | 1,399 | 2,077 | 4,366 | 2,676 | 885 | 1,152 | 3,204 | 3,961 | 3,298 | |
Interest | 2,297 | 2,954 | 3,157 | 3,368 | 3,648 | 3,987 | 5,021 | 6,021 | 6,102 | 5,018 | 5,830 | 7,488 |
Depreciation | 2,080 | 2,170 | 2,124 | 2,442 | 2,813 | 3,280 | 3,991 | 3,367 | 3,378 | 3,508 | 4,357 | 4,724 |
Profit before tax | 5,580 | 5,820 | 4,313 | 5,672 | 6,350 | 10,326 | 8,871 | 1,655 | 3,158 | 9,362 | 14,060 | 15,978 |
Tax % | 35% | 26% | 40% | 37% | 36% | 23% | 32% | 119% | 52% | 23% | 19% | 23% |
4,129 | 5,154 | 3,381 | 3,554 | 4,051 | 7,958 | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,270 | |
EPS in Rs | 33.38 | 37.89 | 25.26 | 25.35 | 29.77 | 60.41 | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 | 90.62 |
Dividend Payout % | 19% | 18% | 23% | 21% | 22% | 11% | 17% | 205% | 54% | 20% | 18% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 23% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 17% |
3 Years: | 80% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 35% |
3 Years: | 55% |
1 Year: | 84% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 17% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 295 | 295 | 296 | 270 | 311 | 543 | 544 | 554 | 555 | 556 | 557 | 557 |
Reserves | 19,666 | 23,012 | 25,561 | 26,222 | 29,467 | 36,232 | 39,439 | 39,415 | 41,027 | 46,567 | 55,809 | 65,633 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,022 |
28,711 | 35,167 | 37,911 | 41,553 | 48,762 | 55,898 | 70,848 | 82,092 | 80,625 | 77,605 | 92,247 | 106,626 | |
27,460 | 29,415 | 30,608 | 31,806 | 35,296 | 43,696 | 51,057 | 43,655 | 42,762 | 47,661 | 55,670 | 61,906 | |
Total Liabilities | 76,131 | 87,889 | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 |
18,307 | 18,381 | 19,047 | 20,585 | 20,989 | 26,182 | 28,983 | 29,689 | 21,380 | 26,018 | 27,140 | 28,129 | |
CWIP | 1,631 | 2,191 | 3,032 | 2,371 | 4,279 | 4,269 | 4,760 | 6,856 | 7,873 | 6,703 | 3,969 | 8,039 |
Investments | 6,440 | 8,082 | 10,027 | 11,603 | 14,662 | 16,018 | 18,268 | 19,210 | 28,778 | 30,060 | 35,272 | 35,208 |
49,752 | 59,234 | 62,270 | 65,293 | 73,905 | 89,900 | 109,878 | 109,960 | 106,938 | 109,607 | 137,902 | 163,345 | |
Total Assets | 76,131 | 87,889 | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-922 | -244 | 1,055 | 2,385 | 183 | 682 | -4,347 | -1,457 | 17,909 | 9,248 | -7,074 | -5,630 | |
-2,903 | -4,524 | -4,357 | -5,506 | -5,875 | -5,467 | -7,174 | -6,870 | -19,686 | -3,252 | -8,866 | -5,615 | |
4,508 | 5,577 | 1,669 | 2,967 | 6,108 | 6,314 | 13,194 | 6,933 | 406 | -5,883 | 15,946 | 12,281 | |
Net Cash Flow | 684 | 810 | -1,633 | -154 | 416 | 1,529 | 1,672 | -1,394 | -1,370 | 113 | 6 | 1,037 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 28 | 28 | 28 | 28 | 31 | 34 | 30 | 34 | 30 | 26 | 21 | 20 |
Inventory Days | 73 | 68 | 72 | 74 | 64 | 64 | 74 | 106 | 91 | 82 | 83 | 81 |
Days Payable | 104 | 96 | 97 | 108 | 107 | 125 | 127 | 142 | 147 | 134 | 118 | 112 |
Cash Conversion Cycle | -3 | 0 | 3 | -6 | -11 | -27 | -23 | -3 | -26 | -27 | -13 | -11 |
Working Capital Days | 25 | 30 | 31 | 31 | 42 | 37 | 23 | 29 | 15 | 95 | 89 | 87 |
ROCE % | 15% | 14% | 11% | 13% | 12% | 13% | 12% | 7% | 8% | 11% | 13% | 14% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7h
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 10h
- Transfer Of Equity Shares By Mahindra & Mahindra Employees'' Stock Option Trust To The Stock Option Grantees 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
Annual reports
- Financial Year 2024
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- Financial Year 2023
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- Financial Year 2022
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- Financial Year 2021
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- Financial Year 2020
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- Financial Year 2019
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- Financial Year 2018
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- Financial Year 2017
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- Financial Year 2016
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- Financial Year 2015
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- Financial Year 2014
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- Financial Year 2013
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- Financial Year 2012
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- Financial Year 2012
from nse
- Financial Year 2011
from bse
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