Mahindra & Mahindra

Mahindra & Mahindra

3,497.20
+37.40
(1.08%)
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Key Fundamentals
Add Ratio
Market Cap
4,30,236.10 Cr
EPS
115.91
PE Ratio
31.68
Dividend Yield
0.70 %
Industry
Automobiles
52 Week High
3,723.80
52 Week Low
2,425.00
PB Ratio
5.64
Debt to Equity
1.55
Analyst Rating and Forecast
- By Refinitiv from34 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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neutral
Tech Mahindra shares declined 0.9% to ₹1,455 despite delivering better-than-expected operating results in Q2. The company reported constant currency revenue growth of 1.6% versus expectations of 1%, marking the strongest growth in 10 quarters. Both revenue and margins exceeded estimates. The company maintained its FY27 guidance of growth above industry average and operating margin around 15%. Analyst opinions remained mixed: CLSA maintained 'High Conviction Outperform' but cut target price to ₹1,695 citing greater ambiguity around FY27 outperformance goals. Jefferies retained 'Underperform' rating with ₹1,270 target, noting profits missed estimates due to foreign exchange losses and cautioning that H-1B visa costs could make the 15% margin target optimistic. Morgan Stanley kept 'Underweight' rating at ₹1,555 target, highlighting strong deal wins but flagging slow deal-to-revenue conversion and manufacturing vertical weakness. Nomura remained positive with 'Buy' rating and ₹1,670 target, citing healthy deal wins and steady progress in the three-year turnaround plan. The stock has fallen nearly 14% in 2025 and trades at 18.3 times FY27 forward earnings.
neutral
Tech Mahindra reported mixed quarterly results with net profit declining 4.4% year-over-year to Rs 1,194 crore compared to Rs 1,250 crore in the same period last year. However, revenue from operations grew 5.1% to Rs 13,995 crore versus Rs 13,313 crore in the corresponding quarter of the previous financial year. The company declared an interim dividend of Rs 15 per equity share for financial year 2025-26, with October 21 set as the record date for determining eligible shareholders.
neutral
Tech Mahindra, Cyient DLM, and ICICI Lombard General Insurance are announcing their second quarter earnings. Tech Mahindra is expected to report a 12.7% rise in net profit to Rs 1,285 crore and nearly 3% revenue growth to Rs 13,777 crore. Revenue growth is projected at 0.7-0.8% in constant currency terms, driven by deal ramp-ups and stable communications vertical performance. Sequential growth is expected from improved large deal execution and traction in enterprise, banking and retail segments, though telecom business is expected to remain flat. Cyient DLM is likely to report net profit of Rs 7.49 crore and revenue of Rs 278.4 crore. The banking sector is expected to report softer earnings due to narrowing net interest margins and weak trading gains, despite strong loan growth supported by higher deposit mobilization.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
16,212.00
#1 5,11,250.00
35.09
1,57,935.20
8.21
14,500
0.87
65.43
3,497.20
#2 4,30,236.10
#2 31.68
#2 1,61,391.90
#4 14.26
#3 14,073
#3 23.43
53.05
2,419.60
1,95,976.80
35.63
70,104.40
-1.75
5,640
-8.09
40.95
390.85
1,45,625.40
#1 6.65
#1 4,46,861.00
1.63
#1 23,278
-62.19
33.97
16,609.00
21,655.50
36.20
8,128.30
15.60
801
52.46
44.01
1,466.40
11,896.00
85.12
1,814.20
#1 55.63
139
7.00
36.94
44.33
854.30
88.66
89.64
39.75
8
#1 300.00
31.94
19.42
403.10
34.61
2.80
-86.67
-32
-48.15
29.48

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
14.26 %
Net Income Growth
14.70 %
Cash Flow Change
156.41 %
ROE
-0.19 %
ROCE
3.01 %
EBITDA Margin (Avg.)
5.74 %

Quarterly Financial Results

Quarterly Financials
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Revenue
26,921
26,496
26,794
27,428
26,713
24,517
20,044
16,692
12,491
19,753
22,300
22,123
19,785
22,196
24,409
27,070
29,087
31,219
31,804
33,027
34,475
35,093
35,974
36,124
37,743
38,815
42,184
43,727
46,831
Expenses
22,109
21,870
22,572
23,198
22,606
20,626
16,799
16,058
9,909
16,492
19,249
18,378
18,233
16,614
19,068
21,657
24,016
24,802
25,368
26,798
27,646
28,706
29,075
28,848
29,975
30,790
33,239
34,688
37,301
EBITDA
4,812
4,626
4,223
4,230
4,108
3,891
3,245
634
2,582
3,260
3,051
3,746
1,552
5,581
5,341
5,413
5,071
6,417
6,436
6,229
6,829
6,387
6,899
7,276
7,769
8,024
8,944
9,038
9,530
Operating Profit %
15 %
14 %
14 %
15 %
13 %
14 %
14 %
2 %
17 %
14 %
11 %
14 %
5 %
23 %
19 %
16 %
15 %
17 %
17 %
17 %
17 %
16 %
17 %
18 %
19 %
18 %
20 %
19 %
18 %
Depreciation
902
993
1,014
1,087
1,241
1,259
852
834
820
861
847
850
802
852
919
935
961
1,092
1,110
1,194
1,128
1,139
1,123
1,335
1,248
1,302
1,495
2,029
1,548
Interest
1,094
1,195
1,295
1,437
1,425
1,526
1,526
1,561
1,593
1,589
1,516
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
2,108
2,217
2,362
2,397
2,431
Profit Before Tax
2,815
2,437
1,914
1,706
1,442
1,106
868
-1,761
168
810
687
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
4,621
4,740
5,092
4,627
5,644
Tax
930
728
405
790
548
737
697
-7
114
662
528
343
-218
954
726
648
533
922
738
493
784
1,084
935
905
1,075
1,379
1,468
1,085
1,268
Net Profit
1,885
1,709
1,508
915
894
368
171
-1,754
55
148
160
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
3,546
3,361
3,625
3,542
4,377
EPS in ₹
15.71
14.77
12.06
6.38
8.25
3.14
1.80
-12.04
-0.88
1.22
6.35
9.64
3.82
17.35
17.89
20.13
19.74
24.93
24.05
23.68
31.50
21.07
23.86
24.71
29.44
28.43
28.51
29.52
36.58

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
94,844
1,00,632
1,14,742
1,37,211
1,63,392
1,67,007
1,66,463
1,74,113
2,05,892
2,36,301
2,77,586
Fixed Assets
19,047
20,585
20,989
26,182
28,983
29,689
21,380
26,019
27,140
28,129
34,636
Current Assets
39,750
43,911
48,788
59,076
69,406
64,045
72,138
75,148
91,325
98,266
1,26,573
Capital Work in Progress
3,032
2,371
4,279
4,270
4,760
6,857
7,873
6,703
3,969
8,039
8,298
Investments
2,128
11,603
14,662
16,018
18,268
19,210
28,778
30,060
35,272
35,208
41,309
Other Assets
70,637
66,073
74,812
90,742
1,11,381
1,11,251
1,08,433
1,11,331
1,39,511
1,64,924
1,93,344
Total Liabilities
94,844
1,00,632
1,14,742
1,37,211
1,63,392
1,67,007
1,66,463
1,74,113
2,05,892
2,36,301
2,77,586
Current Liabilities
33,733
36,644
39,833
49,150
58,609
54,010
51,446
56,288
70,579
75,546
90,322
Non Current Liabilities
29,363
31,576
38,815
43,036
56,438
65,336
64,364
60,999
68,230
83,246
98,166
Total Equity
31,749
32,413
36,095
45,026
48,344
47,661
50,652
56,825
67,082
77,509
89,098
Reserve & Surplus
25,561
26,222
29,467
36,232
39,439
39,415
41,027
46,567
55,809
65,633
76,481
Share Capital
296
270
271
543
544
554
555
556
557
557
558

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-1,633
-154
416
1,529
1,672
-1,394
-1,370
113
6
1,037
394
Investing Activities
-4,358
-5,506
-5,875
-5,467
-7,174
-6,870
-19,686
-3,252
-8,866
-5,615
-18,616
Operating Activities
1,055
2,385
183
682
-4,347
-1,457
17,909
9,248
-7,074
-5,630
3,176
Financing Activities
1,669
2,967
6,108
6,315
13,194
6,933
406
-5,883
15,946
12,281
15,834

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Promoter
19.45 %
19.46 %
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 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
40.26 %
40.87 %
41.75 %
41.89 %
41.19 %
38.91 %
38.30 %
38.54 %
DIIs
21.01 %
20.53 %
21.86 %
21.95 %
23.13 %
23.20 %
27.12 %
27.73 %
27.65 %
26.87 %
26.79 %
26.26 %
26.13 %
26.18 %
27.05 %
29.22 %
29.79 %
29.59 %
Government
0.24 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
0.07 %
Public / Retail
8.43 %
8.81 %
9.03 %
8.56 %
8.87 %
8.28 %
8.24 %
8.16 %
8.20 %
8.06 %
8.09 %
8.00 %
8.00 %
7.89 %
7.81 %
7.97 %
8.06 %
8.03 %
Others
50.87 %
51.13 %
49.58 %
49.94 %
48.46 %
48.99 %
45.18 %
44.65 %
44.71 %
45.63 %
5.46 %
5.48 %
5.46 %
5.41 %
5.34 %
5.34 %
5.32 %
5.33 %
No of Share Holders
0
4,44,750
5,31,369
5,81,779
5,68,603
6,32,816
5,81,288
6,49,341
6,47,141
6,36,984
6,75,621
6,90,006
7,21,672
7,56,259
7,99,531
8,55,175
8,95,699
8,64,189

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 13 7.5 8.5 2.35 8.75 11.55 16.25 21.1 25.3
Dividend Yield (%) 0.00 1.76 1.11 2.98 0.3 1.08 1.01 0.85 0.79 0.73

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
04 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Nov 2025 3,574.60 3,459.80
23 Dec 2017 BONUS Bonus
1:1
21 Dec 2017 0.00 0.00
17 Jul 2021 DIVIDEND Dividend
₹ 8.75 /share
15 Jul 2021 828.55 779.55
16 Jul 2022 DIVIDEND Dividend
₹ 11.55 /share
14 Jul 2022 953.20 1,142.15
19 Aug 2022 EXTRAORDINARY GENERAL MEETING Extraordinary General Meeting
NA
19 Aug 2022 1,163.40 1,261.25
15 Jul 2023 DIVIDEND Dividend
₹ 16.25 /share
14 Jul 2023 1,277.80 1,546.50
06 Jul 2024 DIVIDEND Dividend
₹ 21.10 /share
05 Jul 2024 2,302.55 2,882.55
31 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
31 Jul 2024 2,302.55 2,921.40
07 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Nov 2024 2,720.85 2,934.55
07 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Feb 2025 2,926.20 3,139.95
05 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
05 May 2025 2,929.90 2,926.20
04 Jul 2025 DIVIDEND Dividend
₹ 25.30 /share
04 Jul 2025 2,926.20 3,174.40
30 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Jul 2025 3,194.10 3,199.40
31 Jul 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
31 Jul 2025 2,926.20 3,205.95

Announcements

Report For The Month Of September 20256 days ago
Rumour verification - Regulation 30(11)6 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation7 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication7 days ago
Appointment Of Lead Independent Director9 days ago
Outcome Of Board Meeting - Intimation Under Regulation 30 Of LODR - Appointment Of Directors9 days ago
Announcement under Regulation 30 (LODR)-Change in Directorate9 days ago
Board Meeting Outcome for Outcome Of Board Meeting9 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 01, 2025
Announcement under Regulation 30 (LODR)-RestructuringSep 29, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 29, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 29, 2025
Board Meeting Intimation for Board Meeting Of Mahindra & Mahindra Limited To Be Held On 4Th November 2025 And Closure Of Trading WindowSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 24, 2025
Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees Sep 23, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 22, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 18, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 15, 2025
Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option GranteesSep 12, 2025
Intimation To Shareholders Regarding 100 Days Campaign - Saksham NiveshakSep 12, 2025
Announcement under Regulation 30 (LODR)-AcquisitionSep 11, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - ESG RatingsSep 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 09, 2025
Report For The Month Of August 2025Sep 09, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 03, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 02, 2025
Announcement Under Regulation 30 - Dilution Of Stake In Mahindra Last Mile Mobility LimitedSep 01, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 01, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 26, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 22, 2025
Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees Aug 22, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 19, 2025
Announcement under Regulation 30 (LODR)-Updates on AcquisitionAug 18, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 15, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 15, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 14, 2025
Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option GranteesAug 13, 2025
Announcement under Regulation 30 (LODR)-AcquisitionAug 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 11, 2025
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - ESG RatingsAug 08, 2025
Report For The Month Of July 2025Aug 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 04, 2025
Announcement under Regulation 30 (LODR)-Credit RatingAug 04, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Arbitrage Fund Direct-Growth
2.04%
1956200
1.03%
-0.32%
HDFC Flexi Cap Direct Plan-Growth
0.00%
-875000
-0.34%
-0.36%
Mirae Asset Large Cap Fund Direct- Growth
2.15%
834122
0.81%
0.83%
Nippon India Multi Cap Fund Direct-Growth
1.26%
724143
0.56%
0.55%
DSP Midcap Direct Plan-Growth
1.07%
599611
1.07%
1.07%
Mirae Asset ELSS Tax Saver Fund Direct-Growth
1.36%
-451816
-0.49%
-0.27%
SBI Arbitrage Opportunities Fund Direct-Growth
0.48%
-431400
-0.28%
-0.17%
Nippon India Large Cap Fund Direct-Growth
2.72%
425773
0.40%
0.71%
Axis Large Cap Fund Direct-Growth
3.38%
-413043
-0.18%
0.09%
ICICI Prudential Focused Equity Fund Direct-Growth
4.52%
404067
1.21%
0.95%
Mirae Asset Focused Fund Direct - Growth
1.73%
392742
1.73%
1.73%
UTI Flexi Cap Fund Direct-Growth
1.21%
339000
0.52%
1.21%
Edelweiss Balanced Advantage Fund Direct-Growth
1.63%
293774
0.83%
0.83%
Mirae Asset Large & Midcap Fund Direct-Growth
0.58%
-268959
-0.19%
-0.18%
Mahindra Manulife Multi Cap Fund Direct - Growth
1.50%
250000
1.50%
1.50%
Canara Robeco Large and Mid Cap Fund Direct-Growth
2.65%
-208930
-0.08%
0.28%
Invesco India Arbitrage Fund Direct-Growth
0.35%
201000
0.25%
-0.06%
ICICI Prudential Business Cycle Fund Direct - Growth
2.32%
-200000
-0.40%
-0.40%
ICICI Prudential Equity Savings Fund Direct-Growth
2.16%
199000
0.47%
0.47%
Bandhan Arbitrage Fund Direct-Growth
0.08%
-197000
-0.75%
-1.28%
ICICI Prudential Multicap Fund Direct Plan-Growth
0.42%
187800
0.42%
0.42%
HDFC Multi Cap Fund Direct - Growth
0.96%
183613
0.36%
0.36%
Axis Large & Mid Cap Fund Direct-Growth
1.67%
180000
0.48%
0.60%
Edelweiss Arbitrage Fund Direct-Growth
0.69%
177000
0.40%
0.25%
ICICI Prudential Children's Fund Direct-Growth
0.99%
-175743
-4.04%
-3.97%

Technical Indicators

RSI(14)
Neutral
48.94
ATR(14)
Less Volatile
72.86
STOCH(9,6)
Neutral
40.87
STOCH RSI(14)
Neutral
34.48
MACD(12,26)
Bearish
-12.54
ADX(14)
Weak Trend
15.52
UO(9)
Bearish
47.30
ROC(12)
Downtrend But Slowing Down
-1.99
WillR(14)
Neutral
-70.94

About Mahindra & Mahindra

Mahindra & Mahindra Limited is an Indian multinational company engaged in manufacturing automobiles, farm equipment, and providing IT and financial services. It is the flagship company of the Mahindra Group. The company operates in multiple segments including Automotive, Farm Equipment, Financial Services, and Industrial Businesses and Consumer Services. M&M manufactures SUVs, commercial vehicles, two-wheelers, tractors, and electric vehicles. It has a strong presence in the Indian tractor market and has expanded globally through acquisitions and partnerships. The company has diversified into areas like IT services, real estate, hospitality, logistics, defense, and renewable energy. M&M has undertaken several strategic initiatives in recent years including new product launches, technology partnerships, and restructuring of business units to drive growth.
Chairperson NameAnand Mahindra