Nifty
:
24774.30
Sensex
:
78639.03
390.70 (1.60%)
544.39 (0.70%)
Nifty
Sensex
:
:
24774.30
78639.03
390.70 (1.60%)
544.39 (0.70%)

Mahindra & Mahindra Ltd.

Automobiles - Passenger Cars

Rating :
65/99

BSE: 500520 | NSE: M%26M

NSE BSE
3428.60
03-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  3465
  •  3465
  •  3386.2
  •  3398.50
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  2169303
  •  7392129687.8
  •  3839.9
  •  2896

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 4,20,996.69
  • 22.79
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,21,605.37
  • 0.97%
  • 4.28

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 18.45%
  • 0.63%
  • 8.61%
  • FII
  • DII
  • Others
  • 34.89%
  • 29.15%
  • 8.27%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.97
  • 17.01
  • 12.67

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 12.94
  • 19.90
  • 8.44

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 16.55
  • 21.06
  • 14.91

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.45
  • 24.05
  • 28.97

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 3.22
  • 3.90
  • 4.61

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 12.18
  • 13.21
  • 14.11

Earnings Forecasts:

(Updated: 01-08-2026)
Description
2026
2027
2028
2029
Adj EPS
69
-16
11.74
123.21
P/E Ratio
49.69
-214.29
292.04
27.83
Revenue
22.46
20.64
18.44
144130
EBITDA
160227
171271
184253
20867.9
Net Income
21414.1
23141.1
25243.7
15581.8
ROA
17939.7
19630.8
22010
16.33
P/B Ratio
-0.13
-0.10
-0.06
5.45
ROE
4.34
3.71
3.19
22.23
FCFF
21.37
20.16
19.38
9415.81
FCFF Yield
10530.3
14325.6
18294.2
1.9
Net Debt
2.13
2.89
3.69
-24152.8
BVPS
-26565.9
-33415.1
-54489
629.47

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
58,187.57
45,529.19
27.80%
54,981.91
42,599.31
29.07%
52,099.75
41,470.05
25.63%
46,105.67
37,923.74
21.57%
Expenses
47,622.62
37,301.39
27.67%
45,265.47
34,688.37
30.49%
41,993.21
33,239.32
26.34%
37,176.58
30,790.34
20.74%
EBITDA
10,564.95
8,227.80
28.41%
9,716.44
7,910.94
22.82%
10,106.54
8,230.73
22.79%
8,929.09
7,133.40
25.17%
EBIDTM
18.16%
18.07%
17.67%
18.57%
19.40%
19.85%
19.37%
18.81%
Other Income
1,016.03
916.92
10.81%
994.84
701.73
41.77%
858.52
411.33
108.72%
675.51
659.22
2.47%
Interest
2,559.91
2,431.19
5.29%
2,407.33
2,396.52
0.45%
2,405.30
2,362.16
1.83%
2,347.03
2,217.02
5.86%
Depreciation
1,760.47
1,547.56
13.76%
1,942.68
2,028.72
-4.24%
2,162.89
1,495.17
44.66%
1,668.89
1,301.99
28.18%
PBT
7,260.60
5,165.97
40.55%
6,361.27
4,187.43
51.91%
6,103.93
4,784.73
27.57%
5,588.68
4,273.61
30.77%
Tax
1,630.53
1,267.53
28.64%
1,654.19
1,084.95
52.47%
1,547.15
1,467.51
5.43%
2,094.18
1,378.90
51.87%
PAT
5,630.07
3,898.44
44.42%
4,707.08
3,102.48
51.72%
4,556.78
3,317.22
37.37%
3,494.50
2,894.71
20.72%
PATM
9.68%
8.56%
8.56%
7.28%
8.75%
8.00%
7.58%
7.63%
EPS
48.79
36.57
33.42%
41.77
29.52
41.50%
41.84
28.50
46.81%
32.89
28.42
15.73%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
2,11,374.90
1,97,792.78
1,58,749.75
1,38,279.30
1,21,268.55
90,170.57
74,277.78
75,381.93
1,04,720.68
92,093.95
83,773.05
Net Sales Growth
26.18%
24.59%
14.80%
14.03%
34.49%
21.40%
-1.46%
-28.02%
13.71%
9.93%
 
Cost Of Goods Sold
1,30,919.45
1,22,922.38
95,742.72
83,614.75
73,987.56
51,906.32
38,472.14
38,331.74
60,120.16
53,511.71
50,677.43
Gross Profit
80,455.45
74,870.40
63,007.03
54,664.55
47,280.99
38,264.25
35,805.64
37,050.19
44,600.52
38,582.24
33,095.62
GP Margin
38.06%
37.85%
39.69%
39.53%
38.99%
42.44%
48.21%
49.15%
42.59%
41.89%
39.51%
Total Expenditure
1,72,057.88
1,61,658.68
1,28,692.63
1,14,186.34
1,01,037.13
75,590.85
60,666.58
62,190.36
89,514.17
78,867.85
73,074.28
Power & Fuel Cost
-
966.56
832.35
752.73
830.48
541.27
429.56
530.92
817.11
733.90
657.06
% Of Sales
-
0.49%
0.52%
0.54%
0.68%
0.60%
0.58%
0.70%
0.78%
0.80%
0.78%
Employee Cost
-
12,730.62
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
% Of Sales
-
6.44%
7.01%
7.68%
7.98%
9.30%
10.52%
10.90%
10.74%
10.86%
10.64%
Manufacturing Exp.
-
5,426.16
4,162.28
3,791.75
3,838.42
3,124.27
2,362.66
2,960.21
3,896.45
2,092.37
1,722.20
% Of Sales
-
2.74%
2.62%
2.74%
3.17%
3.46%
3.18%
3.93%
3.72%
2.27%
2.06%
General & Admin Exp.
-
2,860.17
2,603.27
2,070.15
1,945.20
833.58
639.54
1,070.67
1,583.12
1,405.51
1,248.69
% Of Sales
-
1.45%
1.64%
1.50%
1.60%
0.92%
0.86%
1.42%
1.51%
1.53%
1.49%
Selling & Distn. Exp.
-
9,884.22
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
% Of Sales
-
5.00%
5.39%
5.61%
5.41%
5.71%
5.38%
6.97%
7.72%
6.72%
5.98%
Miscellaneous Exp.
-
6,868.57
5,672.57
5,570.58
4,197.66
5,648.09
6,953.92
5,830.80
3,774.27
4,929.57
5,010.71
% Of Sales
-
3.47%
3.57%
4.03%
3.46%
6.26%
9.36%
7.74%
3.60%
5.35%
5.79%
EBITDA
39,317.02
36,134.10
30,057.12
24,092.96
20,231.42
14,579.72
13,611.20
13,191.57
15,206.51
13,226.10
10,698.77
EBITDA Margin
18.60%
18.27%
18.93%
17.42%
16.68%
16.17%
18.32%
17.50%
14.52%
14.36%
12.77%
Other Income
3,544.90
4,376.29
2,736.85
3,094.76
1,442.85
1,037.64
1,098.46
1,028.69
1,085.61
631.03
766.16
Interest
9,719.57
9,675.58
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
Depreciation
7,534.93
7,322.02
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
PBT
25,314.48
23,512.79
17,542.20
14,856.36
11,305.27
7,091.81
5,229.33
4,832.43
7,280.00
6,590.14
5,003.75
Tax
6,926.05
6,563.05
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
Tax Rate
27.36%
28.26%
28.54%
24.96%
21.39%
28.09%
40.43%
53.96%
38.03%
25.69%
42.19%
PAT
18,388.43
17,098.85
12,929.10
11,268.64
10,281.50
6,577.32
4,002.02
3,160.86
5,315.46
7,510.39
3,698.04
PAT before Minority Interest
16,615.81
18,621.71
14,073.17
12,269.82
11,374.48
7,253.01
3,701.92
2,712.82
6,016.85
7,957.79
4,050.53
Minority Interest
-1,772.62
-1,522.86
-1,144.07
-1,001.18
-1,092.98
-675.69
300.10
448.04
-701.39
-447.40
-352.49
PAT Margin
8.70%
8.64%
8.14%
8.15%
8.48%
7.29%
5.39%
4.19%
5.08%
8.16%
4.41%
PAT Growth
39.17%
32.25%
14.74%
9.60%
56.32%
64.35%
26.61%
-40.53%
-29.23%
103.09%
 
EPS
150.39
139.85
105.74
92.16
84.09
53.79
32.73
25.85
43.47
61.42
30.24

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
93,096.35
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
Share Capital
558.78
558.15
557.38
556.82
556.06
555.15
554.28
543.96
543.13
270.89
Total Reserves
92,031.14
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
Non-Current Liabilities
90,464.12
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
Secured Loans
59,019.49
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
Unsecured Loans
17,423.20
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
Long Term Provisions
2,582.76
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
Current Liabilities
1,16,098.56
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
Trade Payables
37,888.67
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
Other Current Liabilities
56,468.63
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
Short Term Borrowings
18,949.89
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
Short Term Provisions
2,791.37
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
Total Liabilities
3,16,053.68
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
Net Block
38,459.42
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
Gross Block
75,955.29
66,142.54
56,494.80
52,089.81
48,526.15
42,657.87
68,602.29
62,211.37
56,339.26
47,128.47
Accumulated Depreciation
36,977.83
31,506.18
28,332.87
24,949.83
22,507.66
21,203.45
37,768.12
33,228.63
30,157.36
26,139.46
Non Current Assets
1,68,914.06
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
Capital Work in Progress
7,739.53
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
Non Current Investment
19,518.97
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
Long Term Loans & Adv.
93,854.15
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
Other Non Current Assets
9,341.99
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
Current Assets
1,46,976.49
1,26,573.27
98,240.17
91,268.84
75,148.00
72,137.91
63,948.93
69,406.04
59,012.41
48,787.76
Current Investments
20,804.87
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
Inventories
22,044.11
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
Sundry Debtors
9,064.27
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
Cash & Bank
31,978.58
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
Other Current Assets
63,084.66
5,094.95
3,506.71
3,691.40
35,210.74
33,630.93
31,702.33
33,685.86
29,289.35
23,347.79
Short Term Loans & Adv.
55,963.37
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
Net Current Assets
30,877.93
36,251.26
22,694.52
20,689.43
18,859.67
20,691.90
9,939.41
10,796.71
9,862.87
8,955.29
Total Assets
3,15,890.55
2,76,013.16
2,34,696.27
2,04,219.71
1,72,388.49
1,64,745.17
1,65,619.63
1,61,888.66
1,36,305.70
1,13,835.48

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
11,657.36
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
PBT
23,512.79
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
Adjustment
5,425.68
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
Changes in Working Capital
-11,015.69
-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
Cash after chg. in Working capital
17,922.78
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
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-6,265.42
-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
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
-17,707.39
-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
Net Fixed Assets
-4,663.68
-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
Net Investments
-6,563.60
-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
Others
-6,480.11
-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
Cash from Financing Activity
5,391.04
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
Net Cash Inflow / Outflow
-658.99
383.81
1,053.69
324.83
139.13
-131.70
-1,419.01
1,678.17
1,528.43
415.68
Opening Cash & Equivalents
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
Closing Cash & Equivalent
4,292.24
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

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
828.50
687.36
591.09
503.80
421.71
372.22
358.16
365.37
336.44
272.45
ROA
6.29%
5.51%
5.59%
6.04%
4.30%
1.47%
-0.83%
3.12%
5.48%
2.95%
ROE
22.00%
19.73%
20.11%
22.09%
16.44%
5.99%
-3.43%
12.19%
20.74%
11.28%
ROCE
16.29%
15.12%
14.88%
15.02%
11.92%
8.41%
5.68%
12.31%
15.43%
12.42%
Fixed Asset Turnover
2.91
2.69
2.67
2.51
2.05
1.38
1.46
1.77
1.80
1.94
Receivable days
15.33
17.40
18.26
19.36
24.21
30.68
29.82
29.92
30.70
26.70
Inventory Days
37.46
43.03
44.68
41.11
41.48
49.16
44.55
37.53
35.66
36.92
Payable days
95.02
100.70
101.53
98.58
110.89
128.04
139.99
63.05
62.62
58.87
Cash Conversion Cycle
-42.24
-40.26
-38.60
-38.11
-45.20
-48.20
-65.62
4.40
3.73
4.74
Total Debt/Equity
1.43
1.63
1.60
1.59
1.59
1.89
2.08
1.78
1.53
1.65
Interest Cover
3.60
3.08
3.10
3.34
2.87
1.67
1.10
2.49
3.31
2.49

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • M&M reports 26% rise in overall auto sales in July 2026
    1st Aug 2026, 14:46 PM

    The company's exports surged 47% to 4,070 units in July 2026 from 2,774 units in the corresponding month last year

    Read More
  • M&M’s Farm Equipment Business reports 20% rise in July tractor sales
    1st Aug 2026, 13:04 PM

    Exports increased 3% to 1,777 units in July 2026 from 1,718 units in July 2025

    Read More
  • M&M’s step-down arm incorporates wholly owned subsidiary
    31st Jul 2026, 16:13 PM

    NAL has been incorporated for manufacturing of aircrafts, aerospace products and undertaking services and activities related thereto

    Read More
  • Mahindra & Mahindra - Quarterly Results
    31st Jul 2026, 00:00 AM

    Read More
  • M&M to hike prices across SUV, CV range
    9th Jul 2026, 17:21 PM

    The extent of the price increase will vary across specific products

    Read More
  • M&M’s Farm Equipment Business reports 12% rise in June tractor sales
    1st Jul 2026, 14:51 PM

    Exports increased 8.32% to 1,758 units in June 2026 from 1,623 units in June 2025

    Read More
  • M&M reports 37% rise in overall auto sales in June 2026
    1st Jul 2026, 14:30 PM

    The company's exports surged 125% to 5,918 units in June 2026

    Read More
  • M&M signs MoU with MoRTH
    22nd Jun 2026, 11:29 AM

    The OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme

    Read More
  • M&M’s Farm Equipment Business reports 22% rise in May tractor sales
    1st Jun 2026, 16:27 PM

    The exports increased 7% to 1850 units in May 2026

    Read More
  • M&M reports 20% rise in overall auto sales in May 2026
    1st Jun 2026, 10:51 AM

    The domestic sales for Commercial Vehicles stood at 24,079 in May 2026, a growth of 19%

    Read More
  • M&M signs MoU with DBS Bank India
    19th May 2026, 12:00 PM

    The MoU is to launch a first-of-its kind sustainability-linked dealer financing program

    Read More
  • Mahindra & Mahindra reports 42% rise in Q4 consolidated net profit
    5th May 2026, 15:42 PM

    Consolidated total income of the company increased by 29.27% at Rs 55,976.75 crore for Q4FY26

    Read More
  • Mahindra & Mahindra to acquire additional equity share capital in Carnot
    28th Apr 2026, 10:21 AM

    The Company’s holding in Carnot would increase to 80.72% of the paid-up equity share capital and collectively 89% in terms of voting rights

    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.