Mahindra & Mahindra Ltd (M&M)
₹3,161.40
Mkt cap
₹3.93L Cr
P/E ratio
22.70
P/B
4.22
Div yield
1.04%
ROE
20.30%
ROCE
15.10%
EPS (TTM)
₹139.27
Book value
₹749
52W range
2,931–3,802
Sector
Consumer Discretionary
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]
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−16.86% from high₹3,161
₹2,931+7.86% from low₹3,802
Current
₹3,161.40
Prev close
₹3,165.00
Day
−0.11%
Price performance
1D
−0.11%
1W
−0.13%
1M
−0.65%
3M
+4.05%
6M
−11.13%
1Y
−1.05%
YTD
−16.86%
Financials
FRevenue, profit & margin
P/E ratio
22.7×
M&M is 22% below the sector median of 29.0×
M&M22.7×
Sector median29.0×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32,456 | 33,892 | 34,436 | 35,299 | 35,452 | 37,218 | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | |
| Expenses | 26,798 | 27,642 | 28,706 | 29,075 | 28,848 | 29,975 | 30,790 | 33,239 | 34,658 | 37,301 | 37,166 | 41,939 | 44,855 | |
| Operating Profit | 5,658 | 6,249 | 5,730 | 6,224 | 6,604 | 7,243 | 7,133 | 8,231 | 7,942 | 8,228 | 8,940 | 10,160 | 10,127 | |
| OPM % | 17% | 18% | 17% | 18% | 19% | 19% | 19% | 20% | 19% | 18% | 19% | 20% | 18% | |
| Other Income | 662 | 1,065 | 812 | 756 | 750 | 733 | 1,126 | 719 | 1,110 | 1,395 | 1,134 | 976 | 1,137 | |
| Interest | 1,634 | 1,719 | 1,835 | 1,945 | 1,989 | 2,108 | 2,217 | 2,362 | 2,397 | 2,431 | 2,347 | 2,405 | 2,407 | |
| Depreciation | 1,194 | 1,128 | 1,139 | 1,123 | 1,335 | 1,248 | 1,302 | 1,495 | 2,029 | 1,548 | 1,669 | 2,163 | 1,943 | |
| Profit before tax | 3,492 | 4,468 | 3,568 | 3,912 | 4,030 | 4,621 | 4,740 | 5,092 | 4,627 | 5,644 | 6,058 | 6,569 | 6,914 | |
| Tax % | 14% | 18% | 30% | 24% | 22% | 23% | 29% | 29% | 23% | 22% | 35% | 24% | 24% | |
| Net Profit | 2,998 | 3,684 | 2,484 | 2,977 | 3,125 | 3,546 | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | |
| EPS in Rs | 21.20 | 28.21 | 18.88 | 21.38 | 22.15 | 26.40 | 25.50 | 25.58 | 26.50 | 32.84 | 29.54 | 37.59 | 37.53 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
30 Jul '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.69% · closed higher next day 35 of last 57
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 4 Aug '23◦ | 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 |
| Earnings day | +4.25% | −1.80% | +6.52% | +6.02% | −2.73% | −1.47% | −1.91% | +3.26% | −0.18% | +0.91% | −0.02% | +3.36% |
| +1 day | +2.39% | −0.76% | +10.77% | +5.56% | −5.44% | +1.37% | −3.52% | +4.86% | −1.55% | +1.96% | −2.25% | +6.25% |
| +5 days | +5.61% | +0.01% | +15.29% | +8.77% | −7.73% | −4.34% | −11.46% | +6.10% | +0.07% | +5.79% | −3.95% | +2.24% |
| +15 days | +6.57% | +8.63% | +14.51% | +20.48% | −5.12% | +2.79% | −18.29% | +5.26% | +6.05% | +3.87% | −8.92% | +0.03% |
| +30 days | +11.56% | +8.76% | +19.00% | +21.25% | −5.80% | −0.86% | −14.26% | +3.33% | +10.02% | +1.80% | −17.26% | +0.85% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 33 Per Share | 33.00 | 3 Jul '26 | 3 Jul '26 |
Shareholding
Sas of Jun 202618.44%Promoter
Promoters18.44%
FIIs34.89%1.34
DIIs32.58%1.21
Public10.47%0.22
Government0.13%0.08
Ownership trend
Peers
P7 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 | ₹13,442.00 | 28.80 | 4,22,839 | 1.04% | 3,659 | −6.45% | 52,463 | +28.21% | 19.02% |
| M & M | ₹3,161.40 | 22.74 | 3,93,251 | 1.04% | 5,260 | +48.85% | 54,982 | +29.07% | 15.10% |
| Hyundai Motor I | ₹1,952.60 | 29.22 | 1,58,714 | 1.08% | 1,256 | −22.22% | 18,916 | +5.44% | 38.42% |
| Tata Motors PVeh | ₹323.80 | 1.38 | 1,19,260 | 0.93% | 5,878 | −24.63% | 1,05,447 | +7.19% | 2.73% |
| Force Motors | ₹17,620.00 | 21.96 | 23,205 | 0.23% | 279 | +56.59% | 2,550 | +8.23% | 36.08% |
| Olectra Greentec | ₹1,336.30 | 61.77 | 10,964 | 0.03% | 57 | +164.38% | 645 | +43.62% | 21.05% |
| Mercury EV-Tech | ₹35.11 | 160.65 | 672 | 0.00% | 0 | −80.65% | 20 | −34.13% | 2.64% |
| Median: 8 Co. | ₹1,644.45 | 29.01 | 71,233 | 0.58% | 767 | +21.20% | 10,733 | +8.23% | 19.65% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bse
Concall transcripts137
TranscriptMay 2026PPTMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026PPTFeb 2026PPTNov 2025PPTNov 2025TranscriptNov 2025PPTNov 2025PPTNov 2025PPTNov 2025PPTNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025TranscriptMay 2025PPTMay 2025PPTMay 2025PPTMay 2025PPTApr 2025RECApr 2025PPTFeb 2025PPTFeb 2025
Credit ratings6
Announcements5
''Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees''. 2d - Mahindra & Mahindra transferred 6,665 equity shares to stock option grantees on 22 July 2026.Certificate Under Regulation 74(5) Of SEBI (Depositories And Participants)Regulations, 2018 13 Jul - Submitted Regulation 74(5) demat compliance certificate for 1 Apr 2026 to 30 Jun 2026.Transfer Of Equity Shares By Mahindra & Mahindra Employees' Stock Option Trust To The Stock Option Grantees 13 Jul - Mahindra & Mahindra transferred 2,050 ESOP shares on 13 July 2026 to eight grantees.Newspaper Publication Regarding Notice Of Loss Of Share Certificate(S). 13 JulAnnouncement under Regulation 30 (LODR)-Newspaper Publication 13 Jul - Newspaper Publication regarding Saksham Niveshak Campaign and Special Window for re-lodgement of transfer request of physical shares