Mahindra Holidays & Resorts India Limited
₹178.60-₹6.05 (-3.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,111 Cr
- P/E
- 25.9x
- EV / EBITDA
- 13.9x
- Revenue
- ₹1,400 Cr
- Net margin
- 13.8%
- ROCE
- 22.0%
Price chart
Technical chartScreen technicals →-45.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.0%
- 3M
- -17.5%
- 6M
- -27.6%
- 1Y
- -45.9%
- 5Y
- -24.8%
52-week range
Day change -₹6.05 (-3.3%) from ₹185 to ₹179 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MHRIL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 19.1%
Concerns1
- Other income is 53.4% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Mahindra Holidays & Resorts India Limited operates in the leisure hospitality sector in India, Finland, Sweden, Spain, Dubai, Thailand, and Malaysia. It provides vacation ownership and other accommodation related services. The company was incorporated in 1996 and is based in Mumbai, India. Mahindra Holidays & Resorts India Limited is a subsidiary of Mahindra & Mahindra Limited.
- Sector
- Consumer Discretionary
- Shares outstanding
- 20.2 Cr shares
- ISIN
- INE998I01010
- BSE code
- 533088
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,111 Cr
- P/E
- 25.9x
- P/B
- 4.6x
- EV / EBITDA
- 13.9x
- EV / Sales
- 4.5x
- P/S
- 4.7x
- Earnings yield
- 3.9%
- 52-week high
- ₹338.80
- 52-week low
- ₹178.60
Profitability
- Operating margin
- 23.1%
- Net margin
- 13.8%
- EBITDA margin
- 32.1%
- ROE
- 19.1%
- ROCE
- 22.0%
- ROA
- 2.5%
- Dividend payout
- 0.0%
- Tax rate
- 19.0%
- Other income, % of PBT
- 53.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,400 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹422 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹519 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹17.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.1%
Solvency and efficiency
- Current ratio
- 0.75
- Debt / Equity
- 0.46
- Debt / Assets
- 0.06
- Debt / EBITDA
- 1.02
- Interest coverage
- 7.58
- Financial leverage
- 7.78
- CFO / Net profit
- 2.87
- Cash / Market cap
- 55.9%
- Cash per share
- ₹168.91
- Asset turnover
- 0.18
- Fixed asset turnover
- 0.49
- Capital intensity
- 2.05
- Debtor days
- 277 days
- Cash conversion cycle
- 277 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹14 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,046 Cr |
| Sales | Operating profit | ₹354 Cr |
| Operating profit | Interest | ₹51 Cr |
| Operating profit | Depreciation | ₹178 Cr |
| Operating profit | Profit before tax | ₹125 Cr |
| Other income | Profit before tax | ₹144 Cr |
| Profit before tax | Tax and other | ₹70 Cr |
| Profit before tax | Net profit | ₹200 Cr |
Revenue and net profit
Revenue grew 6.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹822 Cr | ₹126 Cr |
| FY2022 | ₹961 Cr | ₹151 Cr |
| FY2023 | ₹1,196 Cr | ₹159 Cr |
| FY2024 | ₹1,314 Cr | ₹181 Cr |
| FY2025 | ₹1,400 Cr | ₹200 Cr |
Cash flows
FY2025: ₹445 Cr from operations, ₹112 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹267 Cr | ₹41 Cr |
| FY2022 | ₹356 Cr | ₹95 Cr |
| FY2023 | ₹413 Cr | ₹34 Cr |
| FY2024 | ₹519 Cr | ₹112 Cr |
| FY2025 | ₹445 Cr | ₹112 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,400 Cr+6.5%1Y
- Net profit
- ₹200 Cr+10.5%1Y
- Cash from operations
- ₹445 Cr
- Free cash flow
- ₹112 Cr0.0%1Y
- Revenue CAGR, 5Y
- 6.1%
- EBITDA CAGR, 5Y
- 11.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,400 Cr | ₹354 Cr | — | ₹200 Cr | ₹445 Cr | ₹112 Cr | 15.5% | +6.5% | +10.5% |
Monthly returns
Month-by-month returns of MHRIL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹8,053 Cr |
| Equity capital | ₹202 Cr |
| Reserves | ₹1,087 Cr |
| Borrowings | ₹592 Cr |
| Other liabilities | ₹6,172 Cr |
| Assets | ₹8,053 Cr |
| Fixed assets | ₹2,976 Cr |
| Capital work in progress | ₹378 Cr |
| Investments | ₹1,122 Cr |
| Other assets | ₹3,577 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MHRIL trades at 25.9x earnings against a peer median of 55.4x (a 53% discount).
Not shown (no positive earnings and no EV / Sales): Arvind Fashions Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Mahindra Holidays & Resorts India LimitedMHRILthis companyP/E ↓ discount | ₹6,111 Cr | 25.9x | 4.6x | 19.1% | 13.9x |
| Aditya Vision LimitedAVL | ₹6,301 Cr | 58.3x | 9.8x | 15.8% | 37.3x |
| Arvind Fashions LimitedARVINDFASN | ₹6,278 Cr | — | 2.7x | -0.5% | 262.1x |
| Just Dial LimitedJUSTDIAL | ₹6,241 Cr | 11.0x | 1.3x | 9.0% | 12.1x |
| Symphony LimitedSYMPHONY | ₹6,219 Cr | 37.5x | 8.0x | — | — |
| Greenlam Industries LtdGREENLAM | ₹6,218 Cr | 48.0x | 5.2x | 13.9% | 22.0x |
| Sheela Foam LimitedSFL | ₹6,194 Cr | 105.0x | 2.2x | 6.3% | 21.9x |
| Hindustan Foods Ltd.HNDFDS | ₹5,986 Cr | 50.5x | 6.0x | 12.4% | 36.5x |
| Raymond Lifestyle LimitedRAYMONDLSL | ₹5,919 Cr | 102.0x | 0.6x | 26.6% | 2.1x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
MHRIL since 1 January, against earlier years.
Historical volatility
MHRIL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 25.0% |
| FY2022 | 25.0% |
| FY2023 | 23.0% |
| FY2024 | 23.0% |
| FY2025 | 25.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,400 Cr |
| Costs | |
| Interest | ₹51 Cr |
| Expenses | ₹1,046 Cr |
| Operating profitOperating Profit | ₹354 Cr |
| Other income and charges | |
| Profit before tax | ₹270 Cr |
| Tax | |
| Net profitNet Profit | ₹200 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹8,053 Cr |
| Equity capitalEquity Capital | ₹202 Cr |
| Reserves | ₹1,087 Cr |
| Borrowings | ₹592 Cr |
| Other liabilitiesOther Liabilities | ₹6,172 Cr |
| AssetsTotal Assets | ₹8,053 Cr |
| Fixed assetsFixed Assets | ₹2,976 Cr |
| Capital work in progressCWIP | ₹378 Cr |
| Investments | ₹1,122 Cr |
| Other assetsOther Assets | ₹3,577 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹445 Cr |
| Investing cash flowCash from Investing Activity | -₹333 Cr |
| Financing cash flowCash from Financing Activity | -₹129 Cr |
| Change in cashNet Cash Flow | -₹17 Cr |
Learn while you research
Academy chapters picked for Mahindra Holidays & Resorts India Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read