Mahindra & Mahindra Ltd (M&M)
₹2,840.30
Mkt cap
₹3.53L Cr
P/E ratio
18.40
P/B
3.79
Div yield
1.16%
ROE
20.30%
ROCE
15.10%
EPS (TTM)
₹154.36
Book value
₹749
52W range
2,744–3,840
Sector
Consumer Discretionary
Price history
Previous close
Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. It also has presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, agri, aerospace, consulting services, defence, energy and industrial equipment through its subsidiaries and group companies. It was incorporated in 1945 by Ghulam Mohammad and two Mahindra Brothers (KC & JC Mahindra) and was later renamed as Mahindra & Mahindra in 1948. [1]
NSE M&MBSE 500520
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−26.03% from high₹2,840
₹2,744+3.50% from low₹3,840
Current
₹2,840.30
Prev close
₹2,890.00
Day
−1.72%
Price performance
1D
−1.72%
1W
−0.73%
1M
−3.65%
3M
−13.50%
6M
−9.90%
1Y
−21.62%
YTD
−25.30%
Financials
Revenue, profit & margin
P/E ratio
18.4×
M&M is 53% below the sector median of 39.0×
M&M18.4×
Sector median39.0×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33,892 | 34,436 | 35,299 | 35,452 | 37,218 | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | 58,188 | |
| Expenses | 27,642 | 28,706 | 29,075 | 28,848 | 29,975 | 30,790 | 33,239 | 34,658 | 37,117 | 37,166 | 41,939 | 44,855 | 47,360 | |
| Operating Profit | 6,249 | 5,730 | 6,224 | 6,604 | 7,243 | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 | 10,160 | 10,127 | 10,827 | |
| OPM % | 18% | 17% | 18% | 19% | 19% | 19% | 20% | 19% | 18% | 19% | 20% | 18% | 19% | |
| Other Income | 1,065 | 812 | 756 | 750 | 733 | 1,126 | 719 | 1,110 | 1,210 | 1,134 | 976 | 1,137 | 1,121 | |
| Interest | 1,719 | 1,835 | 1,945 | 1,989 | 2,108 | 2,217 | 2,362 | 2,397 | 2,431 | 2,347 | 2,405 | 2,407 | 2,560 | |
| Depreciation | 1,128 | 1,139 | 1,123 | 1,335 | 1,248 | 1,302 | 1,495 | 2,029 | 1,548 | 1,669 | 2,163 | 1,943 | 1,760 | |
| Profit before tax | 4,468 | 3,568 | 3,912 | 4,030 | 4,621 | 4,740 | 5,092 | 4,627 | 5,644 | 6,058 | 6,569 | 6,914 | 7,628 | |
| Tax % | 18% | 30% | 24% | 22% | 23% | 29% | 29% | 23% | 22% | 35% | 24% | 24% | 21% | |
| Net Profit | 3,684 | 2,484 | 2,977 | 3,125 | 3,546 | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | 5,998 | |
| EPS in Rs | 28.21 | 18.88 | 21.38 | 22.15 | 26.40 | 25.50 | 25.58 | 26.50 | 32.84 | 29.54 | 37.59 | 37.53 | 43.86 | |
| Raw PDF |
Earnings
Results dates & reactionsNext results
5 Nov '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.80% · closed higher next day 36 of last 58
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 10 Nov '23 | 14 Feb '24◦ | 16 May '24◦ | 31 Jul '24◦ | 7 Nov '24 | 7 Feb '25◦ | 5 May '25 | 30 Jul '25◦ | 4 Nov '25 | 11 Feb '26 | 5 May '26 | 30 Jul '26 |
| Earnings day | −1.80% | +6.52% | +6.02% | −2.73% | −1.47% | −1.91% | +3.26% | −0.18% | +0.91% | −0.02% | +3.36% | +3.50% |
| +1 day | −0.76% | +10.77% | +5.56% | −5.44% | +1.37% | −3.52% | +4.86% | −1.55% | +1.96% | −2.25% | +6.25% | +4.41% |
| +5 days | +0.01% | +15.29% | +8.77% | −7.73% | −4.34% | −11.46% | +6.10% | +0.07% | +5.79% | −3.95% | +2.24% | +6.65% |
| +15 days | +8.63% | +14.51% | +20.48% | −5.12% | +2.79% | −18.29% | +5.26% | +6.05% | +3.87% | −8.92% | +0.03% | +3.91% |
| +30 days | +8.76% | +19.00% | +21.25% | −5.80% | −0.86% | −14.26% | +3.33% | +10.02% | +1.80% | −17.26% | +0.85% | −5.38% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 33 Per Share | 33.00 | 3 Jul '26 | 3 Jul '26 |
Shareholding
as of Sep 202618.39%Promoter
Promoters18.39%0.05
FIIs33.34%1.55
DIIs34.19%1.61
Public10.50%0.03
Government0.14%0.01
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Maruti Suzuki | ₹11,397.00 | 26.64 | 3,58,325 | 1.23% | 2,466 | −26.36% | 53,356 | +26.00% | 18.87% |
| M & M | ₹2,840.30 | 18.42 | 3,53,199 | 1.16% | 5,998 | +33.80% | 58,188 | +27.80% | 15.10% |
| Hyundai Motor I | ₹1,911.00 | 33.94 | 1,55,277 | 1.10% | 1,196 | −23.92% | 20,696 | +18.53% | 38.40% |
| Tata Motors PVeh | ₹265.40 | 98.10 | 97,747 | 1.13% | 859 | −69.83% | 95,799 | +9.26% | 2.73% |
| Force Motors | ₹17,355.00 | 21.92 | 22,867 | 0.29% | 294 | −16.19% | 2,925 | +40.51% | 36.05% |
| Olectra Greentec | ₹951.10 | 44.00 | 7,807 | 0.06% | 27 | −0.31% | 576 | +65.75% | 21.05% |
| Mercury EV-Tech | ₹31.69 | 136.82 | 602 | 0.00% | 2 | −9.30% | 30 | −11.53% | 2.52% |
| Median: 8 Co. | ₹1,431.05 | 38.97 | 60,307 | 0.70% | 576 | −20.05% | 11,810 | +26.00% | 17.77% |
Filings
Annual reports15
Concall transcripts141
TranscriptAug 2026PPTAug 2026PPTJul 2026RECJul 2026TranscriptMay 2026PPTMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026PPTFeb 2026PPTNov 2025PPTNov 2025TranscriptNov 2025PPTNov 2025PPTNov 2025PPTNov 2025PPTNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025TranscriptMay 2025PPTMay 2025PPTMay 2025PPTMay 2025
Credit ratings6
Announcements5
Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees. 29 Oct - Mahindra & Mahindra transferred ESOP trust shares to grantees on 29 Oct 2026.Transfer Of Equity Shares By Mahindra & Mahindra Employees' Stock Option Trust To The Stock Option Grantees 21 Oct - 21 Oct 2026: M&M transferred ESOP trust shares to grantees upon option exercise.Announcement Under Regulation 30 17 Oct - Mahindra’s NDET stake fell to 49.63% from 72.07%; NDET ceased being a step-down subsidiary.Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Oct - Newspaper Publication regarding Notice of Loss of Share Certificate(s).Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Oct