Nifty
:
25910.05
Sensex
:
84562.78
30.90 (0.12%)
84.11 (0.10%)
Nifty
Sensex
:
:
25910.05
84562.78
30.90 (0.12%)
84.11 (0.10%)

Mahindra & Mahindra Ltd.

Automobiles - Passenger Cars

Rating :
70/99

BSE: 500520 | NSE: M%26M

NSE BSE
3698.60
14-Nov-2025
  • Open
  • High
  • Low
  • Previous Close
  •  3700
  •  3716.8
  •  3660.5
  •  3699.50
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1847028
  •  6823270329.9
  •  3781
  •  2425

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 4,59,365.77
  • 32.28
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,59,755.49
  • 0.68%
  • 5.54

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 18.44%
  • 0.68%
  • 8.13%
  • FII
  • DII
  • Others
  • 38.04%
  • 27.00%
  • 7.71%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 7.67
  • 16.40
  • 9.39

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.54
  • 17.17
  • 8.24

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 18.83
  • 44.24
  • 7.94

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 18.95
  • 21.29
  • 25.93

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.07
  • 3.56
  • 4.22

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 12.05
  • 13.19
  • 13.61

Earnings Forecasts:

(Updated: 08-11-2025)
Description
2024
2025
2026
2027
Adj EPS
115.91
119.19
135.65
149.92
P/E Ratio
31.91
31.03
27.27
24.67
Revenue
158750
136726
154156
172209
EBITDA
30057.1
19808
22576.3
25170.3
Net Income
12929.1
15144.5
17817.6
19961.4
ROA
5.03
14.66
14.83
14.41
P/B Ratio
5.36
6.10
5.20
4.51
ROE
18.05
20.89
20.33
19.49
FCFF
-5394.01
8632.86
12089.4
14030.9
FCFF Yield
-1
1.6
2.25
2.61
Net Debt
86462.3
-26431.1
-34301.2
-42669
BVPS
690.12
606.37
711.59
820.29

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Net Sales
46,105.67
37,923.74
21.57%
45,529.19
37,217.72
22.33%
42,599.31
35,451.73
20.16%
41,470.05
35,299.39
17.48%
Expenses
37,176.58
30,790.34
20.74%
37,301.39
29,974.60
24.44%
34,688.37
28,847.82
20.25%
33,239.32
29,075.41
14.32%
EBITDA
8,929.09
7,133.40
25.17%
8,227.80
7,243.12
13.59%
7,910.94
6,603.91
19.79%
8,230.73
6,223.98
32.24%
EBIDTM
19.37%
18.81%
18.07%
19.46%
18.57%
18.63%
19.85%
17.63%
Other Income
675.51
659.22
2.47%
916.92
408.77
124.31%
701.73
355.71
97.28%
411.33
510.52
-19.43%
Interest
2,347.03
2,217.02
5.86%
2,431.19
2,107.69
15.35%
2,396.52
1,989.30
20.47%
2,362.16
1,944.88
21.46%
Depreciation
1,668.89
1,301.99
28.18%
1,547.56
1,247.77
24.03%
2,028.72
1,335.05
51.96%
1,495.17
1,122.59
33.19%
PBT
5,588.68
4,273.61
30.77%
5,165.97
4,296.43
20.24%
4,187.43
3,635.27
15.19%
4,784.73
3,667.03
30.48%
Tax
2,094.18
1,378.90
51.87%
1,267.53
1,075.09
17.90%
1,084.95
905.06
19.88%
1,467.51
935.16
56.93%
PAT
3,494.50
2,894.71
20.72%
3,898.44
3,221.34
21.02%
3,102.48
2,730.21
13.64%
3,317.22
2,731.87
21.43%
PATM
7.58%
7.63%
8.56%
8.66%
7.28%
7.70%
8.00%
7.74%
EPS
32.89
28.42
15.73%
36.57
29.44
24.22%
29.52
24.71
19.47%
28.50
23.85
19.50%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
1,75,704.22
1,58,749.75
1,38,279.30
1,21,268.55
90,170.57
74,277.78
95,502.34
1,04,720.68
92,093.95
83,773.05
75,841.42
Net Sales Growth
20.43%
14.80%
14.03%
34.49%
21.40%
-22.22%
-8.80%
13.71%
9.93%
10.46%
 
Cost Of Goods Sold
1,07,343.10
95,742.72
83,614.75
73,987.56
51,906.32
38,472.14
38,421.92
60,150.71
53,540.62
50,641.37
45,125.84
Gross Profit
68,361.12
63,007.03
54,664.55
47,280.99
38,264.25
35,805.64
57,080.42
44,569.97
38,553.33
33,131.68
30,715.58
GP Margin
38.91%
39.69%
39.53%
38.99%
42.44%
48.21%
59.77%
42.56%
41.86%
39.55%
40.50%
Total Expenditure
1,42,405.66
1,28,692.63
1,14,186.34
1,01,037.13
75,590.85
60,666.58
85,359.89
89,514.17
78,867.85
73,038.22
65,758.98
Power & Fuel Cost
-
832.35
752.73
830.48
541.27
429.56
530.92
817.11
733.90
657.06
639.97
% Of Sales
-
0.52%
0.54%
0.68%
0.60%
0.58%
0.56%
0.78%
0.80%
0.78%
0.84%
Employee Cost
-
11,126.17
10,624.33
9,677.95
8,386.74
7,813.26
8,214.82
11,242.08
10,004.62
8,910.63
7,689.40
% Of Sales
-
7.01%
7.68%
7.98%
9.30%
10.52%
8.60%
10.74%
10.86%
10.64%
10.14%
Manufacturing Exp.
-
4,162.28
3,791.75
3,838.42
3,124.27
1,753.96
2,193.17
3,059.66
1,299.70
997.27
1,514.80
% Of Sales
-
2.62%
2.74%
3.17%
3.46%
2.36%
2.30%
2.92%
1.41%
1.19%
2.00%
General & Admin Exp.
-
2,258.13
2,070.15
1,945.20
833.58
1,248.24
1,837.71
2,419.91
2,198.18
1,973.62
1,696.72
% Of Sales
-
1.42%
1.50%
1.60%
0.92%
1.68%
1.92%
2.31%
2.39%
2.36%
2.24%
Selling & Distn. Exp.
-
8,553.27
7,762.05
6,559.86
5,150.58
3,995.50
5,251.20
8,080.98
6,190.17
5,010.71
4,694.55
% Of Sales
-
5.39%
5.61%
5.41%
5.71%
5.38%
5.50%
7.72%
6.72%
5.98%
6.19%
Miscellaneous Exp.
-
6,017.71
5,570.58
4,197.66
5,648.09
6,953.92
28,910.15
3,743.72
4,900.66
4,847.56
4,694.55
% Of Sales
-
3.79%
4.03%
3.46%
6.26%
9.36%
30.27%
3.57%
5.32%
5.79%
5.80%
EBITDA
33,298.56
30,057.12
24,092.96
20,231.42
14,579.72
13,611.20
10,142.45
15,206.51
13,226.10
10,734.83
10,082.44
EBITDA Margin
18.95%
18.93%
17.42%
16.68%
16.17%
18.32%
10.62%
14.52%
14.36%
12.81%
13.29%
Other Income
2,705.49
2,736.85
3,094.76
1,442.85
1,037.64
1,098.46
1,028.69
1,085.61
631.03
730.10
521.05
Interest
9,536.90
9,178.12
7,607.58
6,012.19
5,018.05
6,102.22
6,021.15
5,021.35
3,987.09
3,648.46
3,367.59
Depreciation
6,740.34
6,073.65
4,723.78
4,356.81
3,507.50
3,378.11
3,366.68
3,990.77
3,279.90
2,812.72
2,441.65
PBT
19,726.81
17,542.20
14,856.36
11,305.27
7,091.81
5,229.33
1,783.31
7,280.00
6,590.14
5,003.75
4,794.25
Tax
5,914.17
5,006.45
3,707.97
2,685.75
2,108.76
1,645.81
1,975.61
2,853.99
2,367.73
2,299.73
2,117.53
Tax Rate
29.98%
28.54%
24.96%
21.39%
28.09%
40.43%
322.80%
38.03%
25.69%
42.19%
43.88%
PAT
13,812.64
12,929.10
11,268.64
10,281.50
6,577.32
2,070.75
-915.54
3,948.94
6,403.13
2,798.64
2,302.40
PAT before Minority Interest
12,538.37
14,073.17
12,269.82
11,374.48
7,253.01
2,425.26
-1,363.58
4,650.33
6,850.53
3,151.13
2,708.47
Minority Interest
-1,274.27
-1,144.07
-1,001.18
-1,092.98
-675.69
-354.51
448.04
-701.39
-447.40
-352.49
-406.07
PAT Margin
7.86%
8.14%
8.15%
8.48%
7.29%
2.79%
-0.96%
3.77%
6.95%
3.34%
3.04%
PAT Growth
19.30%
14.74%
9.60%
56.32%
217.63%
-
-
-38.33%
128.79%
21.55%
 
EPS
112.89
105.66
92.09
84.03
53.75
16.92
-7.48
32.27
52.33
22.87
18.82

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
77,038.86
66,190.55
56,365.79
47,122.64
41,581.92
39,969.31
39,983.41
36,775.19
29,737.99
26,492.65
Share Capital
558.15
557.38
556.82
556.06
555.15
554.28
543.96
543.13
270.89
270.40
Total Reserves
76,172.39
65,334.41
55,548.64
46,343.12
40,771.89
39,150.07
39,205.53
36,002.73
29,250.27
26,084.75
Non-Current Liabilities
96,593.15
81,666.75
66,614.79
59,274.90
62,646.93
64,045.56
54,935.35
42,194.11
37,908.12
30,795.43
Secured Loans
64,160.71
55,972.73
43,067.92
33,081.05
35,256.11
36,949.07
32,991.47
26,441.28
22,246.00
17,845.54
Unsecured Loans
19,621.75
13,768.69
12,359.47
15,544.01
17,522.26
15,348.98
10,534.70
7,367.90
7,878.51
5,753.24
Long Term Provisions
1,982.02
1,763.28
1,815.95
1,497.99
1,600.88
4,384.13
4,234.64
3,785.68
3,507.04
3,289.61
Current Liabilities
90,322.01
75,545.65
70,579.41
56,288.33
51,446.01
54,009.52
58,609.33
49,149.54
39,832.47
36,643.54
Trade Payables
30,855.30
25,665.64
23,835.66
19,036.55
15,505.79
14,985.35
20,992.17
18,287.34
14,796.87
13,376.49
Other Current Liabilities
49,240.12
37,284.85
35,866.10
30,521.96
29,780.47
26,754.11
25,320.03
17,737.29
13,355.70
14,758.58
Short Term Borrowings
8,193.11
10,929.64
9,072.18
5,369.61
4,646.59
10,217.53
10,541.01
11,325.54
10,121.65
7,077.12
Short Term Provisions
2,033.48
1,665.52
1,805.47
1,360.21
1,513.16
2,052.53
1,756.12
1,799.37
1,558.25
1,431.35
Total Liabilities
2,76,013.16
2,34,721.74
2,04,276.31
1,72,388.49
1,64,745.17
1,65,716.13
1,61,888.66
1,36,369.31
1,13,835.48
99,851.82
Net Block
34,636.36
28,129.41
27,139.98
26,018.49
21,379.68
29,689.27
28,982.74
26,181.90
20,989.01
20,584.71
Gross Block
66,221.78
56,494.80
52,089.81
48,526.15
42,657.87
68,602.29
62,211.37
56,339.26
47,128.47
44,722.83
Accumulated Depreciation
31,396.11
28,332.87
24,949.83
22,507.66
21,203.45
38,913.02
33,228.63
30,157.36
26,139.46
21,480.95
Non Current Assets
1,49,439.89
1,36,456.10
1,12,950.87
97,240.49
92,607.26
1,01,670.70
92,482.62
77,293.29
65,047.72
55,940.62
Capital Work in Progress
8,297.64
8,039.30
3,968.58
6,702.81
7,872.61
6,856.48
4,759.84
4,269.47
4,278.94
2,371.35
Non Current Investment
19,361.10
21,573.46
21,006.50
19,210.55
18,745.84
12,914.78
12,160.88
10,667.54
9,961.77
8,286.49
Long Term Loans & Adv.
84,108.64
73,566.25
56,642.22
42,170.42
42,200.61
50,064.60
44,569.42
35,087.84
28,914.77
24,587.99
Other Non Current Assets
3,036.15
5,147.68
4,193.59
3,138.22
2,408.52
2,145.57
2,009.74
1,086.54
903.23
110.08
Current Assets
1,26,573.27
98,240.17
91,268.84
75,148.00
72,137.91
64,045.43
69,406.04
59,076.02
48,787.76
43,911.20
Current Investments
21,947.47
13,634.64
14,265.92
10,849.88
10,031.82
6,295.56
6,107.22
5,350.07
4,700.67
3,316.09
Inventories
20,330.93
18,590.47
16,854.97
11,595.82
9,615.41
11,111.86
12,200.16
9,335.57
8,886.01
9,116.12
Sundry Debtors
8,279.70
7,459.40
7,028.02
6,373.95
6,007.76
6,928.28
8,677.89
8,489.82
7,199.26
5,817.60
Cash & Bank
20,614.84
12,012.75
11,273.43
11,117.61
12,851.99
7,910.90
8,734.91
6,547.60
4,654.03
4,527.55
Other Current Assets
55,400.33
3,506.71
3,691.40
3,321.83
33,630.93
31,798.83
33,685.86
29,352.96
23,347.79
21,133.84
Short Term Loans & Adv.
50,305.38
43,036.20
38,155.10
31,888.91
31,251.78
29,340.52
31,533.36
26,790.70
21,120.94
20,031.05
Net Current Assets
36,251.26
22,694.52
20,689.43
18,859.67
20,691.90
10,035.91
10,796.71
9,926.48
8,955.29
7,267.66
Total Assets
2,76,013.16
2,34,696.27
2,04,219.71
1,72,388.49
1,64,745.17
1,65,716.13
1,61,888.66
1,36,369.31
1,13,835.48
99,851.82

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
3,175.81
-5,629.95
-7,074.02
9,247.55
17,908.83
-1,456.93
-4,347.29
681.86
183.09
2,384.76
PBT
17,542.20
14,856.36
11,305.27
7,091.81
3,039.80
1,798.61
7,280.00
6,590.14
5,003.75
4,794.25
Adjustment
4,507.64
2,684.88
4,336.62
3,422.90
4,547.92
5,975.51
3,832.34
3,568.89
2,907.70
2,801.03
Changes in Working Capital
-14,113.34
-19,175.09
-19,941.04
293.26
12,171.19
-6,974.45
-12,522.23
-6,813.30
-5,723.55
-3,237.99
Cash after chg. in Working capital
7,936.50
-1,633.85
-4,299.15
10,807.97
19,758.91
799.67
-1,409.89
3,345.73
2,187.90
4,357.29
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-4,760.69
-3,996.10
-2,774.87
-1,560.42
-1,850.08
-2,256.60
-2,937.40
-2,663.87
-2,004.81
-1,972.53
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-18,626.11
-5,597.77
-8,547.26
-3,225.82
-18,446.76
-6,894.83
-7,168.17
-5,467.93
-5,875.38
-5,798.54
Net Fixed Assets
-3,486.80
-4,970.81
-2,159.67
-3,402.66
-6,761.61
-3,737.60
-2,931.41
-2,489.03
-2,156.93
-1,443.47
Net Investments
-6,260.91
-2,120.07
-2,882.61
-2,421.85
-1,844.48
2,077.90
-1,433.06
-2,674.57
-4,361.00
-409.24
Others
-8,878.40
1,493.11
-3,504.98
2,598.69
-9,840.67
-5,235.13
-2,803.70
-304.33
642.55
-3,945.83
Cash from Financing Activity
15,834.11
12,281.41
15,946.11
-5,882.60
406.23
6,932.75
13,193.63
6,314.50
6,107.97
2,966.81
Net Cash Inflow / Outflow
383.81
1,053.69
324.83
139.13
-131.70
-1,419.01
1,678.17
1,528.43
415.68
-446.97
Opening Cash & Equivalents
4,530.10
3,493.41
3,487.59
3,374.59
4,745.03
6,139.00
4,466.63
2,937.49
2,521.72
2,676.12
Closing Cash & Equivalent
4,923.89
4,530.10
3,493.41
3,487.59
3,374.59
4,745.03
6,139.00
4,466.63
2,937.49
2,521.72

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
687.36
591.09
503.80
421.71
372.22
358.16
365.37
336.44
272.45
243.67
ROA
5.51%
5.59%
6.04%
4.30%
1.47%
-0.83%
3.12%
5.48%
2.95%
2.79%
ROE
19.73%
20.11%
22.09%
16.44%
5.99%
-3.43%
12.19%
20.74%
11.28%
10.40%
ROCE
15.12%
14.88%
15.02%
11.92%
8.41%
5.68%
12.31%
15.43%
12.42%
12.43%
Fixed Asset Turnover
2.69
2.67
2.51
2.05
1.38
1.46
1.77
1.80
1.94
1.87
Receivable days
17.40
18.26
19.36
24.21
30.68
29.82
29.92
30.70
26.70
25.62
Inventory Days
43.03
44.68
41.11
41.48
49.16
44.55
37.53
35.66
36.92
39.85
Payable days
100.70
101.53
98.58
110.89
128.04
139.99
63.05
62.62
58.87
57.38
Cash Conversion Cycle
-40.26
-38.60
-38.11
-45.20
-48.20
-65.62
4.40
3.73
4.74
8.09
Total Debt/Equity
1.63
1.60
1.59
1.59
1.89
2.08
1.78
1.53
1.65
1.58
Interest Cover
3.08
3.10
3.34
2.87
1.67
1.10
2.49
3.31
2.49
2.43

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • M&M, Manulife enter into agreement to establish 50:50 life insurance joint venture
    13th Nov 2025, 09:21 AM

    The joint venture aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India’s population

    Read More
  • Mahindra & Mahindra sells entire stake in RBL Bank
    6th Nov 2025, 10:30 AM

    The company has sold its entire stake for a consideration of Rs 678 crore

    Read More
  • Mahindra & Mahindra - Quarterly Results
    5th Nov 2025, 00:00 AM

    Read More
  • M&M reports 26% rise in overall auto sales in October 2025
    1st Nov 2025, 17:00 PM

    The exports of the company increased 15% to 4,015 units in October 2025 as compared to 3,500 units in October 2024

    Read More
  • M&M’s Farm Equipment Sector reports 13% rise in October tractor sales
    1st Nov 2025, 15:07 PM

    The exports increased 41% to 1589 units in October 2025 from 1127 units in October 2024

    Read More
  • Mahindra Group signs strategic cooperation agreement with Embraer Defense & Security
    17th Oct 2025, 16:12 PM

    Since the signing, the C-390 Millennium aircraft has further increased its operator base globally

    Read More
  • Mahindra & Mahindra introduces New Bolero range
    7th Oct 2025, 10:13 AM

    With this launch, the Bolero range continues to uphold its iconic appeal with refined aesthetics, enhanced comfort, and modern features

    Read More
  • M&M’s JV launches 8 new tractors in 2WD, 4WD segments
    3rd Oct 2025, 15:10 PM

    The new tractors will cater to orchard farming, areca-nut cultivation, inter-cultivation, puddling, and haulage applications

    Read More
  • M&M reports 16% rise in overall auto sales in September 2025
    1st Oct 2025, 14:42 PM

    The company has posted 10% increase in domestic passenger vehicles sales at 56233 units in September 2025

    Read More
  • M&M’s Farm Equipment Sector reports 49% rise in September tractor sales
    1st Oct 2025, 12:59 PM

    In the domestic market, tractor sales grew 50% to 64,946 units in September 2025 as compared to 43,201 units in September 2024

    Read More
  • Mahindra & Mahindra launches OJA tractors in Australia
    19th Sep 2025, 14:23 PM

    The company introduced three new tractor models from the OJA 1100 and 2100 series in the sub-compact and compact category

    Read More
  • M&M to cut prices of ICE portfolios by up to Rs 1.56 lakh
    6th Sep 2025, 16:05 PM

    The benefits will be available to customers on the ICE portfolios starting from September 6, 2025

    Read More
  • M&M’s total sales decline marginally in August 2025
    1st Sep 2025, 16:30 PM

    The company has sold 26,201 tractors in August 2025 in the domestic market, as compared to 20,518 units in August 2024

    Read More
  • M&M’s Farm Equipment Sector reports 28% rise in August tractor sales
    1st Sep 2025, 15:29 PM

    The exports increased 37% to 1,916 units in August 2025 from 1,399 units in August 2024

    Read More
  • M&M to increase production of BE 6 Batman edition
    22nd Aug 2025, 14:30 PM

    Production of the limited edition was originally set to be capped at 300 units

    Read More
  • M&M launches BE 6 Batman Edition
    16th Aug 2025, 17:00 PM

    The booking for BE 6 Batman Edition is scheduled to open on August 23, 2025

    Read More
  • M&M intents to acquire 350 acres of land in Igatpuri
    16th Aug 2025, 14:34 PM

    The company already has manufacturing plants in Nashik and Igatpuri.

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.