M&M · NSE
Mahindra & Mahindra Limited
₹3,052
-0.80% (-₹24.5)
Prev. close
₹3,076.5
Volume
29,73,119
Delivery %
75.8%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
7 analyst stances · last 90 days · one per analyst
Trackable
6 · 6 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Mahindra & Mahindra, identifying it as a top passenger vehicle pick. The company is expected to benefit from …” | Jay KaleElara Capital | Mahindra & Mahindra | PENDING | |
| “Mahindra & Mahindra is projected for a 22% upside over the next 12 months, with analysts targeting Rs 4,172 from its cur…” | ETMarkets AnalysisETMarkets.com | Mahindra & Mahindra | PENDING | |
| “Bullish on Mahindra & Mahindra (M&M), recommending a buy at CMP Rs 3,502 for a target of Rs 3,650–3,700, with a stop los…” | Sudeep ShahSBI Securities | Mahindra & Mahindra | PENDING | |
| “Recommends buying Mahindra & Mahindra (M&M) at ₹3502, targeting ₹3800 with a stop loss at ₹3350. The stock recently brok…” | Sumeet BagadiaChoice Equity Broking | Mahindra & Mahindra | PENDING | |
| “HSBC maintains a target price of ₹4,200 for Mahindra & Mahindra, representing a 21.5% upside, making it a preferred pick…” | HSBC AnalysisHSBC | Mahindra & Mahindra | PENDING | |
| “Mahindra & Mahindra has a 'Strong Buy' consensus rating from 34 analysts, with an average target price of Rs 4,119 from …” | Trendlyne AnalysisTrendlyne | Mahindra & Mahindra | PENDING | |
| “Mahindra & Mahindra is projected to see a potential upside of 31% over the next 12 months, with an average target price …” | ETMarkets AnalysisETMarkets.com | Mahindra & Mahindra | PENDING |
Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on M&M with a target price of ₹3,910, forecasting a 23% upside. Strong volume growth from an 18% YoY increase in…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | M&M | PENDING | |
| “Neutral on M&M with a target of ₹3,910, implying a 25% upside, but expects broadly flat earnings growth for Q1FY27. Stro…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Mahindra & Mahindra | NOT GRADED |
Fundamentals
About Mahindra & Mahindra Limited
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services segments. The Automotive segment provides automobiles, two wheelers, spares, construction equipment and related services. The Farm Equipment segment sells tractors, implements, spares, powerol, and related services. The Auto Investments segment invests in automotive-related subsidiaries, associates and joint ventures. The Farm Investments segment is involved in the investment of farm equipment related subsidiaries, associates, and joint ventures. The Industrial Businesses and Consumer Services' segment invests in automotive & farm related subsidiaries, associates and joint ventures. The company was incorporated in 1945 and is headquartered in Mumbai, India.
Details
Sector
Consumer Cyclical
Industry
Auto Manufacturers
CEO
Dr. Anish Dilip Shah Ph.D.
Headquarters
Mumbai
Employees
26,765
Website
mahindra.comExchange
View on NSE ↗Key stats
Market cap
₹3.69 L Cr
P/E ratio (TTM)
18.7
Dividend yield
1.07%
EPS (TTM)
₹164.25
Beta (1Y · daily vs NIFTY 50)
1.45
Beta (5Y · monthly vs NIFTY 50)
1.03
Shares float
82.28 Cr
EPS · quarter ended Jun 2026
₹48.59
Upcoming earnings
04 Nov 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: Yahoo (no NSE corporate-actions ledger for this listing).
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹74,277.78 Cr | ₹90,170.57 Cr | ₹1.21 L Cr | ₹1.39 L Cr | ₹1.59 L Cr | ₹1.99 L Cr | |
| EBITDA | — | ₹16,031.53 Cr | ₹24,088.42 Cr | ₹27,848.04 Cr | ₹33,491.59 Cr | ₹41,228.42 Cr |
| ₹1,812.49 Cr | ₹6,577.32 Cr | ₹10,281.50 Cr | ₹11,268.64 Cr | ₹12,929.10 Cr | ₹17,098.85 Cr | |
| Diluted EPS | — | — | ₹91.96 | ₹100.7 | ₹115.06 | ₹152.18 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1.66 L Cr | ₹1.74 L Cr | ₹2.06 L Cr | ₹2.35 L Cr | ₹2.76 L Cr | ₹3.16 L Cr | |
| ₹80,624.83 Cr | ₹77,605.21 Cr | ₹92,246.85 Cr | ₹1.07 L Cr | ₹1.25 L Cr | ₹1.34 L Cr | |
| Stockholders' equity | ₹41,581.92 Cr | ₹47,122.64 Cr | ₹56,365.79 Cr | ₹66,190.00 Cr | ₹77,039.00 Cr | ₹93,097.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹17,908.83 Cr | ₹9,247.55 Cr | ₹-7,074.00 Cr | ₹-5,630.00 Cr | ₹3,176.00 Cr | ₹11,657.00 Cr | |
| Investing cash flow | ₹-19,699.55 Cr | ₹-3,239.18 Cr | ₹-8,547.26 Cr | ₹-5,602.74 Cr | ₹-18,626.11 Cr | ₹-17,794.49 Cr |
| ₹406.23 Cr | ₹-5,882.60 Cr | ₹15,946.00 Cr | ₹12,281.00 Cr | ₹15,834.00 Cr | ₹5,391.00 Cr | |
| Capital expenditure | ₹-5,989.49 Cr | ₹-6,039.80 Cr | ₹-6,305.00 Cr | ₹-9,946.00 Cr | ₹-10,392.00 Cr | ₹-9,605.00 Cr |
| End cash position | ₹3,374.59 Cr | ₹3,487.59 Cr | ₹3,493.41 Cr | ₹4,530.10 Cr | ₹4,923.89 Cr | ₹4,292.24 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 19.46% | 19.47% | 19.47% | 19.45% | 19.38% | 19.39% | 19.37% | 19.37% | 19.34% | 19.32% | 18.59% | 18.56% | 18.54% | 18.48% | 18.45% | 18.44% | 18.44% | 18.44% | 18.45% | 18.45% |
| Public | 76.47% | 76.50% | 76.56% | 76.60% | 76.69% | 76.73% | 76.78% | 76.80% | 76.86% | 76.91% | 77.66% | 77.72% | 77.77% | 77.88% | 77.95% | 77.98% | 78.01% | 78.04% | 78.05% | 78.08% |
| Employee trusts | 4.07% | 4.03% | 3.97% | 3.95% | 3.92% | 3.88% | 3.85% | 3.83% | 3.80% | 3.77% | 3.75% | 3.73% | 3.69% | 3.63% | 3.60% | 3.58% | 3.55% | 3.52% | 3.50% | 3.47% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| Bosch Limited | ₹1.41 L Cr | ₹47,000 | 59.7 | 9.48 | 18.7% | 0.01 | +10.8% | +17.8% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
63 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Pininfarina is heading for a farewell to the Milan Stock Exchange: the Indian Mahindra group launches a takeover bid at €1 with a 20% premium.
firstonline.info · 2 days ago
Not M&M: 2 Mahindra Group stocks yield over 3%. One pays you to wait, one compounds
Tech Mahindra's FY26 dividend reached a record Rs 51 per share, yielding 3.3%, but absorbed 94% of the year's profit. The company's net profit compounded at just 2.0% over five years, with its share price also showing minimal growth. Swaraj Engines, a Mahindra Group subsidiary, reported its best-ever quarter with revenue up 21.5% and profit before tax hitting a record Rs 74.64 crore.