Mahindra & Mahindra Ltd (M&M)
₹3,160.00
Mkt cap
₹3.93L Cr
P/E ratio
20.50
P/B
4.22
Div yield
1.04%
ROE
20.30%
ROCE
15.10%
EPS (TTM)
₹154.15
Book value
₹749
52W range
2,931–3,802
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
−16.89% from high₹3,160
₹2,931+7.81% from low₹3,802
Current
₹3,160.00
Prev close
₹3,160.00
Day
0.00%
Price performance
1D
0.00%
1W
−3.04%
1M
−10.15%
3M
+7.03%
6M
−5.62%
1Y
−2.30%
YTD
−16.89%
Financials
Revenue, profit & margin
P/E ratio
20.5×
M&M is 56% below the sector median of 46.1×
M&M20.5×
Sector median46.1×
| 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 & reactionsNo upcoming results date on calendar.
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% | — |
| 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 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
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 | ₹12,760.00 | 27.97 | 4,00,988 | 1.10% | 3,447 | −9.11% | 52,470 | +35.91% | 18.87% |
| M&M | ₹3,160.00 | 20.50 | 3,93,092 | 1.04% | 5,998 | +33.80% | 58,188 | +27.80% | 15.10% |
| HYUNDAI | ₹2,210.00 | 36.27 | 1,79,572 | 0.95% | 889 | −35.10% | 16,335 | −0.48% | 38.40% |
| TMPV | ₹307.00 | 113.29 | 1,12,884 | 0.98% | 859 | −69.83% | 95,799 | +9.26% | 2.73% |
| FORCEMOT | ₹17,829.00 | 21.28 | 23,412 | 0.28% | 217 | +22.82% | 2,440 | +6.21% | 36.05% |
| OLECTRA | ₹1,207.40 | 55.87 | 9,912 | 0.05% | 27 | −0.31% | 576 | +65.75% | 21.05% |
| MERCURYEV | ₹37.40 | 156.02 | 711 | 0.00% | 2 | +29.92% | 33 | +47.90% | 2.64% |
| Median: 8 Co. | ₹1,708.70 | 46.07 | 68,148 | 0.61% | 538 | −4.71% | 9,387 | +27.80% | 17.77% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
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
Announcement under Regulation 30 (LODR)-Credit Rating 7 Sep - India Ratings affirmed M&M and NCD ratings at IND AAA/Stable on 7 September 2026.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Sep - Mahindra & Mahindra to attend UBS India Summit 2026 in Mumbai on 10 September 2026.Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015- ESG Ratings 3 Sep - Mahindra & Mahindra received ESG rating of 71NSE Sustainability Ratings & Analytics Limited.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2 Sep - M&M participated in Ashwamedh–Elara India Dialogue 2026 in Mumbai on 2 September 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 Sep - August 2026 sales: SUVs 59,257, total vehicles 107,648; tractors 29,507; trucks and buses 2,495.