| 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 | Sept 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 | 47,030 |
| 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 | 37,177 |
| 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 | 9,854 |
| 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 % | 19 % |
| 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 | 1,669 |
| 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 | 2,347 |
| 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 | 6,058 |
| 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 | 2,094 |
| 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 | 3,964 |
| 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 | 32.90 |
Mahindra & Mahindra
Mahindra & Mahindra
3,581.20
+32.30
(0.91%)
Q1 Quarterly Results are out. Check out the updated financials1 day ago
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Key Fundamentals
Market Cap
4,45,332.50 Cr
EPS
115.91
PE Ratio
28.72
Dividend Yield
0.68 %
Industry
Automobiles 52 Week High
3,723.80
52 Week Low
2,425.00
PB Ratio
5.37
Debt to Equity
1.55
Sector
Cars & Utility Vehicles Analyst Rating and Forecast
- By Refinitiv from34 analysts
Actual
Company News
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Mahindra & Mahindra is selling its entire 3.45% stake in RBL Bank through a block deal worth ₹682 crore. The floor price has been set at ₹317 per share, representing a 2.1% discount to the bank's market price. M&M will earn a 64% return on its ₹417 crore investment made in July 2023 when it acquired the stake at ₹197 per share. The sale marks the automaker's complete exit from the private lender after little over a year. M&M's Managing Director and CEO Anish Shah had previously indicated in August 2023 that the company had no intention of investing further in the bank, stating the investment helped them understand the sector better to enhance value of a business with nearly ₹40,000 market capitalisation.
Mahindra & Mahindra has confirmed that the company faces no risk from rare earth shortage during this fiscal year. This confirmation was made during a call update.
Mahindra & Mahindra has revised its full-year tractor growth guidance upward to low double digit from the previously stated high single digit growth. An executive from the company indicated that strong demand continues even after the festive season period.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
15,374.00 | #1 4,83,362.50 | 32.70 | 1,57,935.20 | 8.21 | 14,500 | 7.95 | 33.32 | |
3,581.20 | #2 4,45,332.50 | #3 28.72 | #2 1,61,391.90 | #4 14.26 | #3 14,073 | #3 17.93 | 55.56 | |
2,395.10 | 1,94,611.70 | 34.02 | 70,104.40 | -1.75 | 5,640 | 14.31 | 47.93 | |
406.50 | 1,49,694.50 | #1 6.96 | #1 4,46,861.00 | 1.63 | #1 23,278 | -62.19 | 46.99 | |
18,279.00 | 23,822.90 | 27.99 | 8,128.30 | 15.60 | 801 | 52.46 | 61.08 | |
1,518.90 | 12,467.20 | 88.29 | 1,814.20 | #1 55.63 | 139 | 7.00 | 52.35 | |
42.92 | 815.40 | 85.84 | 89.64 | 39.75 | 8 | #1 300.00 | 37.95 | |
19.10 | 398.50 | 34.11 | 2.80 | -86.67 | -32 | -48.15 | 33.89 |
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
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 | Sept 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 % | 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 % | 38.04 % |
| 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 % | 29.96 % |
| 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 % | 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 % | 8.13 % |
| 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 % | 5.36 % |
| 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 | 8,81,154 |
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 | 0.71 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 Dec 2017 |  Bonus | 1:1 | 21 Dec 2017 | 0.00 | 0.00 |
| 17 Jul 2021 |  Dividend | ₹ 8.75 /share | 15 Jul 2021 | 828.55 | 779.55 |
| 16 Jul 2022 | Dividend | ₹ 11.55 /share | 14 Jul 2022 | 953.20 | 1,142.15 |
| 19 Aug 2022 |  Extraordinary General Meeting | NA | 19 Aug 2022 | 1,163.40 | 1,261.25 |
| 15 Jul 2023 | Dividend | ₹ 16.25 /share | 14 Jul 2023 | 1,277.80 | 1,546.50 |
| 06 Jul 2024 | Dividend | ₹ 21.10 /share | 05 Jul 2024 | 2,302.55 | 2,882.55 |
| 31 Jul 2024 |  Annual General Meeting | NA | 31 Jul 2024 | 2,302.55 | 2,921.40 |
| 07 Nov 2024 |  Quarterly Result Announcement | NA | 07 Nov 2024 | 2,720.85 | 2,934.55 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 2,926.20 | 3,139.95 |
| 05 May 2025 | Quarterly Result Announcement | NA | 05 May 2025 | 2,929.90 | 2,926.20 |
| 04 Jul 2025 | Dividend | ₹ 25.30 /share | 04 Jul 2025 | 2,926.20 | 3,174.40 |
| 30 Jul 2025 | Quarterly Result Announcement | NA | 30 Jul 2025 | 3,194.10 | 3,199.40 |
| 31 Jul 2025 | Annual General Meeting | NA | 31 Jul 2025 | 2,926.20 | 3,205.95 |
| 04 Nov 2025 | Quarterly Result Announcement | NA | 04 Nov 2025 | 3,574.60 | 3,548.55 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
21 hours ago
21 hours agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome1 day ago
1 day agoDisclosure Under Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20151 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Investor Presentation1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release1 day ago
1 day agoBoard Meeting Outcome for Outcome Of Board Meeting Of Mahindra & Mahindra Limited Held On 4Th November 20251 day ago
1 day agoUn-Audited Standalone And Consolidated Financial Results Of The Company For The Second Quarter Ended 30Th September 20251 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Restructuring5 days ago
5 days agoTransfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees
8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication8 days ago
8 days agoShareholder Meeting / Postal Ballot-Notice of Postal Ballot9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Change in ManagementOct 24, 2025
Oct 24, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Oct 17, 2025Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees
Oct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Credit RatingOct 16, 2025
Oct 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 16, 2025
Oct 16, 2025Report For The Month Of September 2025Oct 09, 2025
Oct 09, 2025Rumour verification - Regulation 30(11)Oct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 08, 2025
Oct 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 08, 2025
Oct 08, 2025Appointment Of Lead Independent DirectorOct 06, 2025
Oct 06, 2025Outcome Of Board Meeting - Intimation Under Regulation 30 Of LODR - Appointment Of DirectorsOct 06, 2025
Oct 06, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 06, 2025
Oct 06, 2025Board Meeting Outcome for Outcome Of Board MeetingOct 06, 2025
Oct 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 01, 2025
Oct 01, 2025Announcement under Regulation 30 (LODR)-RestructuringSep 29, 2025
Sep 29, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 29, 2025
Sep 29, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 29, 2025
Sep 29, 2025Board Meeting Intimation for Board Meeting Of Mahindra & Mahindra Limited To Be Held On 4Th November 2025 And Closure Of Trading WindowSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 24, 2025
Sep 24, 2025Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees
Sep 23, 2025
Sep 23, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 15, 2025
Sep 15, 2025Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option GranteesSep 12, 2025
Sep 12, 2025Intimation To Shareholders Regarding 100 Days Campaign - Saksham NiveshakSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 11, 2025
Sep 11, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - ESG RatingsSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 09, 2025
Sep 09, 2025Report For The Month Of August 2025Sep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 02, 2025
Sep 02, 2025Mutual Fund Holdings
Kotak Arbitrage Fund Direct-Growth 
HDFC Flexi Cap Direct Plan-Growth 
Mirae Asset Large Cap Fund Direct- Growth 
Nippon India Multi Cap Fund Direct-Growth 
DSP Midcap Direct Plan-Growth 
SBI Arbitrage Opportunities Fund Direct-Growth 
Axis Large Cap Fund Direct-Growth 
ICICI Prudential Focused Equity Fund Direct-Growth 
UTI Flexi Cap Fund Direct-Growth 
Edelweiss Balanced Advantage Fund Direct-Growth 
Mahindra Manulife Multi Cap Fund Direct - Growth 
Canara Robeco Large and Mid Cap Fund Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
Bandhan Arbitrage Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 55.56
ATR(14)
Volatile 67.43
STOCH(9,6)
Neutral 29.27
STOCH RSI(14)
Neutral 28.74
MACD(12,26)
Bearish -5.52
ADX(14)
Weak Trend 16.64
UO(9)
Bearish 39.90
ROC(12)
Uptrend But Slowing Down 0.57
WillR(14)
Neutral -43.89
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.
Website
Chairperson NameAnand Mahindra
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