Mahindra & Mahindra Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 20.3%)
- ✓Efficient capital deployment (ROCE 15.1%)
- ✓Attractively valued vs sector (P/E 22.9x vs industry 43.6x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,545 | ₹4.3L Cr | 29.6 | 3.97 | 14.4 | 19 | 0 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹11,019 | ₹2.9L Cr | 26.6 | 7.93 | 29.2 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,622 | ₹2.1L Cr | 37.4 | 8.33 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹3,917 | ₹1.7L Cr | 56.6 | 19.49 | 33.6 | 17.4 | 3.89 |
| HYUNDAI Hyundai Motor India Limited | ₹1,949 | ₹1.6L Cr | 29.8 | 7.92 | 29.9 | 38.4 | 0.05 |
| MOTHERSON Samvardhana Motherson International Limited | ₹144 | ₹1.5L Cr | 35.7 | 3.7 | 11.2 | 13.4 | 0.53 |
| TMPV Tata Motors Passenger Vehicles Limited | ₹328 | ₹1.2L Cr | 1.43 | 1.08 | 75.7 | 2.73 | 0.61 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
M&M · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 19.33% | 18.58% | 18.55% | 18.53% | 18.48% | 18.45% |
| FII | 40.86% | 41.75% | 41.90% | 41.18% | 38.92% | 38.30% |
| DII | 26.26% | 26.13% | 26.18% | 27.04% | 29.22% | 29.77% |
| Public | 9.71% | 9.70% | 9.57% | 9.44% | 9.66% | 9.78% |
| Govt | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% |
| Others | 3.77% | 3.75% | 3.73% | 3.69% | 3.63% | 3.60% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Latest News
All news →SML Isuzu board meets; no major announcements disclosed
*SML Isuzu board convened for a meeting on June 30, 2026.* No significant decisions like fund raising, acquisitions, or leadership changes were disclosed. The outcome did not reveal any **dividend declaration** or **major capex plan**. Routine corporate update with limited immediate market implications. 📊 *STOCKS:* SMLISUZU | 🏢 *SECTOR:* Auto | #LOWIMPACT #BoardMeeting
M&M to acquire unspecified business or asset
*M&M to acquire unspecified business or asset*. Mahindra & Mahindra Limited has informed the exchange about a potential acquisition. The filing does not disclose the target, size, or financial terms of the deal. Further details are awaited which could influence investor sentiment. 📊 *STOCKS:* M&M | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Acquisition
Mahindra Holidays updates on acquisition deal
*Mahindra Holidays updates on acquisition deal*. Mahindra Holidays & Resorts India Limited has provided a corporate update regarding its acquisition. The filing indicates progress or changes in the proposed transaction, though specifics are not detailed. Traders should monitor for further disclosures. 📊 *STOCKS:* MHRIL | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #Acquisition
Kotak Mahindra Bank posts 15.1% loan growth ahead of Q1 results
*Kotak Mahindra Bank posts 15.1% loan growth ahead of Q1 results*. This strong loan growth signals robust credit demand and may point to healthy earnings. The bank will announce its Q1 results on July 18, drawing trader attention. Key metrics like NIM and asset quality will be closely watched. 📊 *STOCKS:* KOTAKBANK | 🏢 *SECTOR:* Banking | #HIGHIMPACT #Earnings
Kotak to acquire Deutsche Bank's private banking India business
*Kotak to acquire Deutsche Bank's private banking India business*. CAM has advised Kotak Mahindra Bank on the proposed acquisition of Deutsche Bank AG’s private banking and wealth management business in India. The move expands Kotak’s high-net-worth client base and footprint. Details of the deal size have not been disclosed. 📊 *STOCKS:* KOTAKBANK | 🏢 *SECTOR:* Banking | #HIGHIMPACT #Acquisition
Kotak buys Deutsche Bank India retail business
*Kotak buys Deutsche Bank India retail business* has led to a positive market reaction. The acquisition strengthens Kotak’s retail franchise and is expected to add **₹2,500 crore** in AUM. Brokerages view the move favorably, citing strategic fit and minimal integration risk. The deal underscores Kotak’s aggressive expansion in wealth management. 📊 *STOCKS:* KOTAKBANK | 🏢 *SECTOR:* Banking | #HIGHIMPACT #Acquisition
Kotak Mahindra Bank acquires Deutsche Bank's India retail and wealth business
*Kotak Mahindra Bank acquires Deutsche Bank's India retail and wealth business.* The acquisition includes **Deutsche Bank’s entire retail, private banking, and wealth management portfolio** in India, boosting Kotak’s high-net-worth customer base. This strategic move strengthens Kotak’s market position without disclosing financial terms. Regulatory approvals are pending. 📊 *STOCKS:* KOTAKBANK | 🏢 *SECTOR:* Banking | #HIGHIMPACT #Acquisition
Kotak buys Deutsche Bank India's retail, wealth biz for ₹282 crore
*Kotak buys Deutsche Bank India's retail, wealth biz for ₹282 crore* — Kotak Mahindra Bank has acquired Deutsche Bank’s retail and wealth management business in India for **₹282 crore**. The move expands Kotak’s high-net-worth customer base and assets under management. The acquisition includes **₹3,000 crore** in client assets, strengthening Kotak’s private banking footprint. 📊 *STOCKS:* KOTAKBANK | 🏢 *SECTOR:* Banking | #HIGHIMPACT #Acquisition
M&M Financial to host Q1 FY27 earnings call
*M&M Financial to host Q1 FY27 earnings call*. Company scheduled an analyst and institutional investor meet to discuss Q1 FY27 earnings. The update follows routine corporate disclosure norms ahead of financial results. Traders may anticipate guidance or performance insights during the con-call. 📊 *STOCKS:* M&MFIN | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #earnings
Kotak Mahindra Bank acquires loan portfolio from group firm
*Kotak Mahindra Bank acquires loan portfolio from Kotak Mahindra Investments Limited.* The bank completed the acquisition via direct assignment, strengthening its asset base. The transaction enhances portfolio synergies within the group. Terms and value were not disclosed. 📊 *STOCKS:* KOTAKBANK | 🏢 *SECTOR:* Banking | #MEDIUMIMPACT #Acquisition
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹52.1K Cr ▲13.0% | ₹46.1K Cr ▲1.3% | ₹45.5K Cr ▲6.9% | ₹42.6K Cr ▲2.7% | ₹41.5K Cr ▲9.4% | ₹37.9K Cr ▲1.9% | ₹37.2K Cr ▲5.0% | ₹35.5K Cr |
| Op. Profit | ₹10.2K Cr ▲13.6% | ₹8.9K Cr ▲8.7% | ₹8.2K Cr ▲3.6% | ₹7.9K Cr ▼3.5% | ₹8.2K Cr ▲15.4% | ₹7.1K Cr ▼1.5% | ₹7.2K Cr ▲9.7% | ₹6.6K Cr |
| OPM | 20.0% ▲5.3% | 19.0% ▲5.6% | 18.0% ▼5.3% | 19.0% ▼5.0% | 20.0% ▲5.3% | 19.0% ▲0.0% | 19.0% ▲0.0% | 19.0% |
| Net Profit | ₹5.0K Cr ▲26.7% | ₹4.0K Cr ▼9.4% | ₹4.4K Cr ▲23.6% | ₹3.5K Cr ▼2.3% | ₹3.6K Cr ▲7.8% | ₹3.4K Cr ▼5.2% | ₹3.5K Cr ▲13.5% | ₹3.1K Cr |
| EPS (₹) | 37.59 ▲27.3% | 29.54 ▼10.0% | 32.84 ▲23.9% | 26.5 ▲3.6% | 25.58 ▲0.3% | 25.5 ▼3.4% | 26.4 ▲19.2% | 22.15 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.0L Cr ▲24.8% | ₹1.6L Cr ▲14.5% | ₹1.4L Cr ▲14.6% | ₹1.2L Cr ▲34.6% | ₹90.2K Cr ▲21.4% | ₹74.3K Cr ▼1.5% | ₹75.4K Cr ▼28.0% | ₹1.0L Cr ▲13.7% | ₹92.1K Cr ▲9.9% | ₹83.8K Cr |
| Expenses | ₹1.6L Cr ▲25.6% | ₹1.3L Cr ▲12.7% | ₹1.1L Cr ▲13.0% | ₹1.0L Cr ▲33.8% | ₹75.5K Cr ▲20.2% | ₹62.8K Cr ▼3.7% | ₹65.2K Cr ▼27.1% | ₹89.5K Cr ▲13.5% | ₹78.9K Cr ▲8.0% | ₹73.0K Cr |
| Op. Profit | ₹37.0K Cr ▲21.2% | ₹30.5K Cr ▲22.6% | ₹24.9K Cr ▲22.5% | ₹20.3K Cr ▲38.4% | ₹14.7K Cr ▲27.8% | ₹11.5K Cr ▲13.1% | ₹10.2K Cr ▼33.2% | ₹15.2K Cr ▲15.0% | ₹13.2K Cr ▲23.2% | ₹10.7K Cr |
| OPM | 19.0% ▲0.0% | 19.0% ▲5.6% | 18.0% ▲5.9% | 17.0% ▲6.3% | 16.0% ▲6.7% | 15.0% ▲15.4% | 13.0% ▼13.3% | 15.0% ▲7.1% | 14.0% ▲7.7% | 13.0% |
| Other Income | ₹5.1K Cr ▲37.7% | ₹3.7K Cr ▲12.7% | ₹3.3K Cr ▼15.9% | ₹3.9K Cr ▲22.4% | ₹3.2K Cr ▲178.1% | ₹1.2K Cr ▲30.2% | ₹885 Cr ▼66.9% | ₹2.7K Cr ▼38.7% | ₹4.4K Cr ▲110.2% | ₹2.1K Cr |
| Interest | ₹9.6K Cr ▲5.6% | ₹9.1K Cr ▲21.3% | ₹7.5K Cr ▲28.4% | ₹5.8K Cr ▲16.2% | ₹5.0K Cr ▼17.8% | ₹6.1K Cr ▲1.3% | ₹6.0K Cr ▲19.9% | ₹5.0K Cr ▲25.9% | ₹4.0K Cr ▲9.3% | ₹3.6K Cr |
| Depreciation | ₹7.3K Cr ▲20.5% | ₹6.1K Cr ▲28.6% | ₹4.7K Cr ▲8.4% | ₹4.4K Cr ▲24.2% | ₹3.5K Cr ▲3.8% | ₹3.4K Cr ▲0.3% | ₹3.4K Cr ▼15.6% | ₹4.0K Cr ▲21.7% | ₹3.3K Cr ▲16.6% | ₹2.8K Cr |
| PBT | ₹25.2K Cr ▲32.0% | ₹19.1K Cr ▲19.4% | ₹16.0K Cr ▲13.6% | ₹14.1K Cr ▲50.2% | ₹9.4K Cr ▲196.5% | ₹3.2K Cr ▲90.8% | ₹1.7K Cr ▼81.3% | ₹8.9K Cr ▼14.1% | ₹10.3K Cr ▲62.6% | ₹6.3K Cr |
| Tax % | 26.0% ▲0.0% | 26.0% ▲13.0% | 23.0% ▲21.1% | 19.0% ▼17.4% | 23.0% ▼55.8% | 52.0% ▼56.3% | 119.0% ▲271.9% | 32.0% ▲39.1% | 23.0% ▼36.1% | 36.0% |
| Net Profit | ₹18.6K Cr ▲32.3% | ₹14.1K Cr ▲14.7% | ₹12.3K Cr ▲7.9% | ₹11.4K Cr ▲56.8% | ₹7.3K Cr ▲379.7% | ₹1.5K Cr ▲571.0% | ₹-321 Cr ▼105.3% | ₹6.0K Cr ▼24.4% | ₹8.0K Cr ▲96.4% | ₹4.1K Cr |
| EPS (₹) | 137.5 ▲32.2% | 103.97 ▲14.7% | 90.62 ▲9.6% | 82.68 ▲56.3% | 52.91 ▲262.9% | 14.58 ▲1329.4% | 1.02 ▼97.6% | 42.76 ▼29.2% | 60.41 ▲102.9% | 29.77 |
| Div Payout | 22.0% ▲0.0% | 22.0% ▲4.8% | 21.0% ▲16.7% | 18.0% ▼10.0% | 20.0% ▼63.0% | 54.0% ▼73.7% | 205.0% ▲1105.9% | 17.0% ▲54.5% | 11.0% ▼50.0% | 22.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹558 Cr ▲0.0% | ₹558 Cr ▲0.2% | ₹557 Cr ▲0.0% | ₹557 Cr ▲0.2% | ₹556 Cr ▲0.2% | ₹555 Cr ▲0.2% | ₹554 Cr ▲1.8% | ₹544 Cr ▲0.2% | ₹543 Cr ▲74.6% | ₹311 Cr |
| Reserves | ₹82.3K Cr ▲7.6% | ₹76.5K Cr ▲16.5% | ₹65.6K Cr ▲17.6% | ₹55.8K Cr ▲19.8% | ₹46.6K Cr ▲13.5% | ₹41.0K Cr ▲4.1% | ₹39.4K Cr ▼0.1% | ₹39.4K Cr ▲8.9% | ₹36.2K Cr ▲23.0% | ₹29.5K Cr |
| Borrowings | ₹1.3L Cr ▼1.8% | ₹1.3L Cr ▲18.8% | ₹1.1L Cr ▲17.3% | ₹92.6K Cr ▲19.4% | ₹77.6K Cr ▼3.7% | ₹80.6K Cr ▼1.8% | ₹82.1K Cr ▲15.9% | ₹70.8K Cr ▲26.7% | ₹55.9K Cr ▲14.6% | ₹48.8K Cr |
| Other Liabilities | ₹83.4K Cr ▲19.2% | ₹70.0K Cr ▲16.8% | ₹59.9K Cr ▲8.3% | ₹55.3K Cr ▲16.0% | ₹47.7K Cr ▲11.5% | ₹42.8K Cr ▼2.0% | ₹43.7K Cr ▼14.5% | ₹51.1K Cr ▲16.8% | ₹43.7K Cr ▲23.8% | ₹35.3K Cr |
| Total Liabilities | ₹2.9L Cr ▲6.1% | ₹2.8L Cr ▲17.6% | ₹2.3L Cr ▲14.9% | ₹2.0L Cr ▲18.5% | ₹1.7L Cr ▲4.5% | ₹1.6L Cr ▼0.5% | ₹1.7L Cr ▲2.4% | ₹1.6L Cr ▲18.7% | ₹1.4L Cr ▲19.8% | ₹1.1L Cr |
| Assets | ||||||||||
| Fixed Assets | ₹41.9K Cr ▲20.9% | ₹34.6K Cr ▲23.1% | ₹28.1K Cr ▲3.6% | ₹27.1K Cr ▲4.3% | ₹26.0K Cr ▲21.7% | ₹21.4K Cr ▼28.0% | ₹29.7K Cr ▲2.4% | ₹29.0K Cr ▲10.7% | ₹26.2K Cr ▲24.7% | ₹21.0K Cr |
| CWIP | ₹2.6K Cr ▼69.0% | ₹8.3K Cr ▲3.2% | ₹8.0K Cr ▲102.5% | ₹4.0K Cr ▼40.8% | ₹6.7K Cr ▼14.9% | ₹7.9K Cr ▲14.8% | ₹6.9K Cr ▲44.0% | ₹4.8K Cr ▲11.5% | ₹4.3K Cr ▼0.2% | ₹4.3K Cr |
| Investments | ₹36.3K Cr ▼12.1% | ₹41.3K Cr ▲17.3% | ₹35.2K Cr ▼0.2% | ₹35.3K Cr ▲17.3% | ₹30.1K Cr ▲4.5% | ₹28.8K Cr ▲49.8% | ₹19.2K Cr ▲5.2% | ₹18.3K Cr ▲14.0% | ₹16.0K Cr ▲9.2% | ₹14.7K Cr |
| Other Assets | ₹2.1L Cr ▲10.6% | ₹1.9L Cr ▲17.4% | ₹1.6L Cr ▲18.5% | ₹1.4L Cr ▲25.8% | ₹1.1L Cr ▲2.5% | ₹1.1L Cr ▼2.7% | ₹1.1L Cr ▲0.1% | ₹1.1L Cr ▲22.2% | ₹89.9K Cr ▲21.6% | ₹73.9K Cr |
| Total Assets | ₹2.9L Cr ▲6.1% | ₹2.8L Cr ▲17.6% | ₹2.3L Cr ▲14.9% | ₹2.0L Cr ▲18.5% | ₹1.7L Cr ▲4.5% | ₹1.6L Cr ▼0.5% | ₹1.7L Cr ▲2.4% | ₹1.6L Cr ▲18.7% | ₹1.4L Cr ▲19.8% | ₹1.1L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹3.2K Cr ▲156.4% | ₹-5.6K Cr ▲20.4% | ₹-7.1K Cr ▼176.5% | ₹9.2K Cr ▼48.4% | ₹17.9K Cr ▲1329.2% | ₹-1.5K Cr ▲66.5% | ₹-4.3K Cr ▼737.4% | ₹682 Cr ▲272.7% | ₹183 Cr ▼92.3% | ₹2.4K Cr |
| Investing CF | ₹-18.6K Cr ▼231.5% | ₹-5.6K Cr ▲36.7% | ₹-8.9K Cr ▼172.6% | ₹-3.3K Cr ▲83.5% | ₹-19.7K Cr ▼186.6% | ₹-6.9K Cr ▲4.2% | ₹-7.2K Cr ▼31.2% | ₹-5.5K Cr ▲6.9% | ₹-5.9K Cr ▼6.7% | ₹-5.5K Cr |
| Financing CF | ₹15.8K Cr ▲28.9% | ₹12.3K Cr ▼23.0% | ₹15.9K Cr ▲371.1% | ₹-5.9K Cr ▼1549.0% | ₹406 Cr ▼94.1% | ₹6.9K Cr ▼47.5% | ₹13.2K Cr ▲109.0% | ₹6.3K Cr ▲3.4% | ₹6.1K Cr ▲105.9% | ₹3.0K Cr |
| Net Cash Flow | ₹394 Cr ▼62.0% | ₹1.0K Cr ▲17183.3% | ₹6 Cr ▼94.7% | ₹113 Cr ▲108.2% | ₹-1.4K Cr ▲1.7% | ₹-1.4K Cr ▼183.4% | ₹1.7K Cr ▲9.4% | ₹1.5K Cr ▲267.5% | ₹416 Cr ▲370.1% | ₹-154 Cr |
| Free Cash Flow | ₹-6.6K Cr ▲56.7% | ₹-15.3K Cr ▼15.6% | ₹-13.2K Cr ▼497.9% | ₹3.3K Cr ▼74.9% | ₹13.3K Cr ▲261.0% | ₹-8.3K Cr ▲28.5% | ₹-11.5K Cr ▼126.0% | ₹-5.1K Cr ▼6.9% | ₹-4.8K Cr ▼176.5% | ₹-1.7K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19d ▼5.0% | 20d ▼4.8% | 21d ▼19.2% | 26d ▼13.3% | 30d ▼11.8% | 34d ▲13.3% | 30d ▼11.8% | 34d ▲9.7% | 31d ▲10.7% | 28d |
| Inventory Days | 78d ▼3.7% | 81d ▼2.4% | 83d ▲1.2% | 82d ▼9.9% | 91d ▼14.2% | 106d ▲43.2% | 74d ▲15.6% | 64d ▲0.0% | 64d ▼13.5% | 74d |
| Days Payable | 118d ▲5.4% | 112d ▼5.1% | 118d ▼11.9% | 134d ▼8.8% | 147d ▲3.5% | 142d ▲11.8% | 127d ▲1.6% | 125d ▲16.8% | 107d ▼0.9% | 108d |
| Cash Conv. Cycle | -21d ▼90.9% | -11d ▲15.4% | -13d ▲51.9% | -27d ▼3.8% | -26d ▼766.7% | -3d ▲87.0% | -23d ▲14.8% | -27d ▼145.5% | -11d ▼83.3% | -6d |
| Working Capital Days | -14d ▼75.0% | -8d ▲42.9% | -14d ▼7.7% | -13d ▼18.2% | -11d ▲45.0% | -20d ▼42.9% | -14d ▼75.0% | -8d ▼300.0% | -2d ▲33.3% | -3d |
| ROCE | 14.0% ▲0.0% | 14.0% ▲7.7% | 13.0% ▲18.2% | 11.0% ▲37.5% | 8.0% ▲14.3% | 7.0% ▼41.7% | 12.0% ▼7.7% | 13.0% ▲8.3% | 12.0% ▼7.7% | 13.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Mahindra & Mahindra Limited
Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers.
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