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EquiscaleEquiscale
NSE / BSEAutomobiles & Components
β‚Ή3272.40+33.05+1.02%
P/E32.5Mkt Capβ‚Ή4.55 L CrEV/EBITDA26.4

Mahindra & Mahindra Ltd.

P/E32.5Mkt Capβ‚Ή4.55 L CrEV/EBITDA26.4
Company Profile

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

Market Cap
β‚Ή0.00
β€”
Current Price
β‚Ή0
β€”as of 28 Jul 2026
P/E Ratio
0.0x
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P/B Ratio
0.0x
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EV / EBITDA
0.0x
β€”
EV / Sales
0.0x
β€”
52W High
β‚Ή0
β€”
52W Low
β‚Ή0
β€”
Shares Out
0.00 Cr
β€”

Profitability

Operating Margin
0.0%
β€”
Net Profit Margin
0.0%
β€”
EBITDA Margin
0.0%
β€”

Returns

ROE
0.0%
β€”
ROCE
0.0%
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ROIC %
β€”
β€”
ROA
0.0%
β€”
Dividend Payout
0.0%
β€”

Solvency

Current Ratio
0.0x
β€”
Debt / Equity
0.0x
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Debt / Assets
0.0x
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CFO / Net Profit
0.0x
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Interest Coverage
0.0x
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AI Summary

Indian Stock

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Rule-based from financial data. Not advice.

Price Historyβ–² 1.99% over 1Y
Technical Chart
Monthly Returns

Historically, Apr has averaged the highest return (+9.4%); Mar the lowest (-3.5%).

Average from:
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-7.5%Negative MonthJan 2026: -7.48%-0.9%Neutral MonthFeb 2026: -0.94%-13.1%Negative MonthMar 2026: -13.05%+4.8%Positive MonthApr 2026: +4.76%-2.0%Negative MonthMay 2026: -2.01%+1.2%Neutral MonthJun 2026: +1.17%+6.6%*Positive MonthJul 2026: +6.59%β€”β€”β€”β€”β€”
2025-0.5%Neutral MonthJan 2025: -0.51%-13.6%Negative MonthFeb 2025: -13.63%+3.2%Positive MonthMar 2025: +3.19%+9.7%Positive MonthApr 2025: +9.71%+1.8%Neutral MonthMay 2025: +1.82%+6.9%Positive MonthJun 2025: +6.91%+0.6%Neutral MonthJul 2025: +0.61%-0.2%Neutral MonthAug 2025: -0.17%+7.1%Positive MonthSep 2025: +7.14%+1.7%Neutral MonthOct 2025: +1.74%+7.8%Positive MonthNov 2025: +7.79%-1.3%Neutral MonthDec 2025: -1.28%
2024-4.2%Negative MonthJan 2024: -4.19%+16.9%Positive MonthFeb 2024: +16.93%-0.6%Neutral MonthMar 2024: -0.64%+12.2%Positive MonthApr 2024: +12.23%+16.2%Positive MonthMay 2024: +16.24%+14.4%Positive MonthJun 2024: +14.43%+1.4%Neutral MonthJul 2024: +1.36%-3.5%Negative MonthAug 2024: -3.48%+10.3%Positive MonthSep 2024: +10.34%-11.9%Negative MonthOct 2024: -11.91%+8.9%Positive MonthNov 2024: +8.86%+1.3%Neutral MonthDec 2024: +1.28%
2023+10.3%Positive MonthJan 2023: +10.35%-7.9%Negative MonthFeb 2023: -7.89%-8.8%Negative MonthMar 2023: -8.76%+5.9%Positive MonthApr 2023: +5.87%+7.5%Positive MonthMay 2023: +7.48%+10.3%Positive MonthJun 2023: +10.27%+1.5%Neutral MonthJul 2023: +1.53%+6.8%Positive MonthAug 2023: +6.79%-1.4%Neutral MonthSep 2023: -1.42%-6.1%Negative MonthOct 2023: -6.11%+12.9%Positive MonthNov 2023: +12.95%+4.8%Positive MonthDec 2023: +4.77%
2022+5.7%Positive MonthJan 2022: +5.70%-10.6%Negative MonthFeb 2022: -10.63%+1.9%Neutral MonthMar 2022: +1.88%+14.4%Positive MonthApr 2022: +14.42%+12.1%Positive MonthMay 2022: +12.14%+5.9%Positive MonthJun 2022: +5.91%+6.4%Positive MonthJul 2022: +6.37%+12.4%Positive MonthAug 2022: +12.36%-3.1%Negative MonthSep 2022: -3.06%+6.2%Positive MonthOct 2022: +6.15%-2.9%Negative MonthNov 2022: -2.94%-4.4%Negative MonthDec 2022: -4.43%
2021β€”β€”β€”β€”β€”-8.0%Negative MonthJun 2021: -8.02%-4.5%Negative MonthJul 2021: -4.52%+6.7%Positive MonthAug 2021: +6.71%+1.2%Neutral MonthSep 2021: +1.25%+10.1%Positive MonthOct 2021: +10.07%-5.4%Negative MonthNov 2021: -5.44%+0.2%Neutral MonthDec 2021: +0.19%
AvgΒ±SD+0.8%Β±6.5%-3.2%Β±10.9%-3.5%Β±6.3%+9.4%Β±3.7%+7.1%Β±6.6%+5.1%Β±7.1%+2.0%Β±3.8%+4.4%Β±5.6%+2.8%Β±5.1%-0.0%Β±8.0%+4.2%Β±7.1%+0.1%Β±3.0%
* Current month β€” value will change until month-end.

Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β€” the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.

Seasonal Tendency

This aggregates every month by calendar position β€” all Januaries together, all Februaries together, and so on β€” to show whether a given month has leaned positive or negative historically. β€˜Simple’ counts each month as +1 or βˆ’1. β€˜Weighted’ gives larger moves more influence: +2 above +10%, βˆ’2 below βˆ’10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations β€” read it as a historical tendency, not a reliable seasonal pattern.

Historical Trend

This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.

Year-to-Date ROI
Average from:
SD Γ—
Latest: 0.882x (2026)

Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β€” at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in β€œAverage from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.

Historical Performance

Revenue, profitability, and cash flow trends (β‚Ή 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

Revenueβ‚Ή1.19 L Crβ–² 17.1%
EBITDA Growthβ€”
Net Profitβ‚Ή11.86 K Crβ–² 11.4%
Cash from Ops (CFO)β€”
Free Cash Flow (FCF)β€”β–Ό 208.1%
Revenue CAGR 5Y17.4%
EBITDA CAGR 5Y25.7%
Net Profit CAGR 5Y51.6%
NP Growth 1Y11.4%

Historical Growth

Year-by-year revenue, profitability, and cash flow (β‚Ή Crores, last 10 years)

YearRevenueOp. IncomeNet ProfitCFOFCFROERev Growth 1YNP Growth 1Y
Mar 2025β‚Ή1.19 L Crβ€”β‚Ή11.86 K Crβ€”β€”19.2%17.1%11.4%
Mar 2024β‚Ή1.01 L Crβ€”β‚Ή10.64 K Crβ€”β€”20.4%17.0%62.5%
Mar 2023β‚Ή86.64 K Crβ€”β‚Ή6.55 K Crβ€”β€”15.1%49.9%34.5%
Mar 2022β‚Ή57.79 K Crβ€”β‚Ή4.87 K Crβ€”β€”12.7%29.5%394.9%
Mar 2021β‚Ή44.63 K Crβ€”β‚Ή984.00 Crβ€”β€”2.8%-1.9%-26.1%
Mar 2020β‚Ή45.49 K Crβ€”β‚Ή1.33 K Crβ€”β€”3.9%-15.2%-72.2%
Mar 2019β‚Ή53.61 K Crβ€”β‚Ή4.80 K Crβ€”β€”14.0%10.1%10.1%
Mar 2018β‚Ή48.69 K Crβ€”β‚Ή4.36 K Crβ€”β€”14.4%10.5%19.6%
Mar 2017β‚Ή44.05 K Crβ€”β‚Ή3.64 K Crβ€”β€”13.6%7.8%13.7%
Mar 2016β‚Ή40.88 K Crβ€”β‚Ή3.21 K Crβ€”β€”14.3%6.3%-3.5%

Financial Statements

Income statement, balance sheet, and cash flow (β‚Ή Crores, as reported)

Consolidated Figures in USD Millions.

Unnamed: 0Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue / Net Sales40,50838,44540,87544,05448,68653,61445,48844,63057,78786,645101,336118,625131,795
Total Expenses35,78734,27136,25539,53942,46246,97439,69037,67250,75974,58186,206100,209110,636
EBIT / Operating Profit4,7224,1734,6204,5156,2246,6405,7986,9577,02712,06415,13018,41621,159
OPM %12%11%11%10%13%12%13%16%12%14%15%16%16%
Other Income7701,1859191,8941,4701,659-346-1,8881,845-5061,9561,7121,344
Finance Costs259214186160112113113396226273140250257
Depreciation & Amortisation8639751,0681,5261,4791,8602,2232,3702,4983,1543,4884,2274,391
Profit Before Tax4,3694,1694,2844,7236,1026,3253,1162,3036,1488,13113,45815,65017,854
Tax %14%20%25%23%29%24%57%57%21%19%21%24%-
Net Profit / PAT3,7583,3213,2053,6434,3564,7961,3319844,8706,54910,64211,85513,372
EPS (β‚Ή)30.5126.7425.8029.3335.0438.5810.707.9239.1752.6685.5895.33107.53
Dividend Payout %22%21%22%21%20%21%21%106%28%30%24%26%-

Peer Comparison

Automobiles & Components sector peers, ranked by market cap

CompanyMarket CapRevenueP/EP/BEV/EBITDARev G 1Y
Mahindra & Mahindra Ltd.this co.β‚Ή4.55 L Crβ‚Ή1.19 L Cr32.506.8426.3917.1%
Maruti Suzuki India Ltd.β‚Ή5.16 L Crβ‚Ή1.52 L Cr36.205.3025.337.8%
Bajaj Auto Limitedβ‚Ή2.67 L Crβ‚Ή50.01 K Cr30.508.6826.0211.9%
Eicher Motors Ltd.β‚Ή2.03 L Crβ‚Ή18.45 K Cr43.2010.56β€”14.8%
HYUNDAI MOTOR INDIA LIMITEDβ‚Ή1.88 L Crβ‚Ή67.65 K Cr33.4011.0317.74-1.3%
TVS Motor Company Ltd.β‚Ή1.78 L Crβ‚Ή36.25 K Cr56.6018.3249.0314.1%
Tata Motors Limitedβ‚Ή1.56 L Crβ‚Ή69.42 K Cr578.00β€”β€”-5.3%
Industry Averageβ€”β‚Ή15.02 K Cr51.906.1325.317.0%

Learn while you research

Hand-picked academy chapters to deepen your understanding of Mahindra & Mahindra Ltd. and the metrics that matter.

01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read03 Valuation Multiples ExplainedThis stock trades at a P/E of 32.5, learn when high multiples are justified.6 min read04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read

Key concepts to brush up on

P/E RatioP/B RatioROEROCEFree Cash FlowDebt / EquityLTCG Tax
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