Mahindra & Mahindra Ltd.
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through five segments: Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services. The company offers commercial vehicles, trucks, buses, vans, passenger cars, utility vehicles, and electric vehicles (EV), as well as motorcycles; aero and defense products; offers construction equipment, such as rotaries, tillers, loaders, and backhoes under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand. It is also involved in the provision of farm equipment, including tractors under the Mahindra, Swaraj, and Trakstar brands, as well as farm mechanization solutions, such as rotavators, cultivators, harvesters, rice transplanters, balers, sprayers, and implements and attachments; and renewable energy business comprising installation of EV chargers and provision of Li-ion batteries. In addition, the company offers financial services, such as fixed deposits, retail and other loans, leasing, SME finance, housing finance, mutual funds, and life and non-life insurance broking services, as well as vehicle and equipment financing; provides logistics services; power backup solutions, including diesel and gas generators; and technology services comprising business process, integrated engineering, infrastructure and cloud, network, application development and maintenance, supply chain digital transformation, and design services. Further, it engages in the sale of timeshare and vacation ownership through its resorts; develops and sells residential properties, and engages in the development, management, and operation of commercial complexes; and processing and trading of steel for automotive, non-automotive, and power industries. The company has a strategic partnership with Embraer S.A. for the development of C-390 Millennium multi-mission military transport aircraft in India. The company was incorporated in 1945 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 17.4%
Concerns1
- Negative free cash flow (βΉ612 Cr)
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ1.19 L Cr | β | βΉ11.86 K Cr | β | β | 19.2% | 17.1% | 11.4% |
| Mar 2024 | βΉ1.01 L Cr | β | βΉ10.64 K Cr | β | β | 20.4% | 17.0% | 62.5% |
| Mar 2023 | βΉ86.64 K Cr | β | βΉ6.55 K Cr | β | β | 15.1% | 49.9% | 34.5% |
| Mar 2022 | βΉ57.79 K Cr | β | βΉ4.87 K Cr | β | β | 12.7% | 29.5% | 394.9% |
| Mar 2021 | βΉ44.63 K Cr | β | βΉ984.00 Cr | β | β | 2.8% | -1.9% | -26.1% |
| Mar 2020 | βΉ45.49 K Cr | β | βΉ1.33 K Cr | β | β | 3.9% | -15.2% | -72.2% |
| Mar 2019 | βΉ53.61 K Cr | β | βΉ4.80 K Cr | β | β | 14.0% | 10.1% | 10.1% |
| Mar 2018 | βΉ48.69 K Cr | β | βΉ4.36 K Cr | β | β | 14.4% | 10.5% | 19.6% |
| Mar 2017 | βΉ44.05 K Cr | β | βΉ3.64 K Cr | β | β | 13.6% | 7.8% | 13.7% |
| Mar 2016 | βΉ40.88 K Cr | β | βΉ3.21 K Cr | β | β | 14.3% | 6.3% | -3.5% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 131,795 |
| Total Expenses | 110,636 |
| EBIT / Operating Profit | 21,159 |
| OPM % | 16% |
| Other Income | 1,344 |
| Finance Costs | 257 |
| Depreciation & Amortisation | 4,391 |
| Profit Before Tax | 17,854 |
| Tax % | - |
| Net Profit / PAT | 13,372 |
| EPS (βΉ) | 107.53 |
| Dividend Payout % | - |
Peer Comparison
Automobiles & Components sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd.this co. | βΉ4.55 L Cr | βΉ1.19 L Cr | 32.50 | 6.84 | 26.39 | 17.1% |
| Maruti Suzuki India Ltd. | βΉ5.16 L Cr | βΉ1.52 L Cr | 36.20 | 5.30 | 25.33 | 7.8% |
| Bajaj Auto Limited | βΉ2.67 L Cr | βΉ50.01 K Cr | 30.50 | 8.68 | 26.02 | 11.9% |
| Eicher Motors Ltd. | βΉ2.03 L Cr | βΉ18.45 K Cr | 43.20 | 10.56 | β | 14.8% |
| HYUNDAI MOTOR INDIA LIMITED | βΉ1.88 L Cr | βΉ67.65 K Cr | 33.40 | 11.03 | 17.74 | -1.3% |
| TVS Motor Company Ltd. | βΉ1.78 L Cr | βΉ36.25 K Cr | 56.60 | 18.32 | 49.03 | 14.1% |
| Tata Motors Limited | βΉ1.56 L Cr | βΉ69.42 K Cr | 578.00 | β | β | -5.3% |
| Industry Average | β | βΉ15.02 K Cr | 51.90 | 6.13 | 25.31 | 7.0% |