Debut Plus

3,117.8

+34.84 +1.13%

16 Jul 2026

NSE Listed

Mahindra & Mahindra Ltd. (M&M)

Volume: 23,77,390Avg Vol 1W: 20,30,753.2Avg Vol 1M: 31,33,444.4552W Range:2,8963,839.9
Market Cap₹3,83,368 Cr
Current Price₹3,117.8
Previous Close₹3,082.96
High / Low (52w)₹3,839.9 / ₹2,896
Volume23,77,390
Avg Vol (1W)20,30,753.2
Avg Vol (1M)31,33,444.45
Stock P/E73.81
Book Value₹833.03
Dividend Yield1%
ROE19.7%
ROA5.7%
Revenue (TTM)₹2,02,084 Cr
Revenue Growth14.5%
Profit Margin8.8%
Total Debt₹72,979 Cr
Shares Outstanding124 Cr
Face Value₹5
EPS (TTM)₹41.77
P/B3.7
Debt / Equity1.55
50 DMA₹3,097.37
200 DMA₹3,367.4
Day change+1.13%
Price Chart
3,117.8 2.46% · 1Y
380229311.1Cr
2025-07-16
2026-07-15

20-day avg volume: 31.3L shares

Pros
  • Healthy return on equity of 19.7%.
  • Company is almost debt-free.
  • Revenue grew 38% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 74.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹37,218 Cr₹37,924 Cr₹41,470 Cr₹42,599 Cr₹45,529 Cr₹46,106 Cr₹52,100 Cr₹54,982 Cr
EBITDA₹6,404 Cr₹6,491 Cr₹7,147 Cr₹6,584 Cr₹7,597 Cr₹7,936 Cr₹8,802 Cr₹8,769 Cr
Net Profit₹3,283 Cr₹3,171 Cr₹3,181 Cr₹3,295 Cr₹4,083 Cr₹3,673 Cr₹4,675 Cr₹4,668 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹1,05,806 Cr₹76,411 Cr₹75,311 Cr₹91,105 Cr₹1,22,529 Cr₹1,41,255 Cr₹1,61,392 Cr₹2,02,084 Cr
EBITDA₹12,301 Cr₹10,854 Cr₹11,332 Cr₹12,110 Cr₹17,135 Cr₹22,345 Cr₹26,626 Cr₹33,104 Cr
Net Profit₹5,315 Cr₹127 Cr₹1,812 Cr₹6,577 Cr₹10,282 Cr₹11,269 Cr₹12,929 Cr₹17,099 Cr
EPS48.71.0416.1558.8391.96100.7115.06152.18
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹1,63,392 Cr₹1,67,007 Cr₹1,66,462 Cr₹1,74,113 Cr₹2,05,892 Cr₹2,36,301 Cr₹2,77,586 Cr₹3,17,635 Cr
Total Liabilities₹1,15,048 Cr₹1,19,346 Cr₹1,15,810 Cr₹1,17,288 Cr₹1,38,810 Cr₹1,58,791 Cr₹1,88,488 Cr₹2,08,144 Cr
Equity₹48,344 Cr₹47,661 Cr₹50,652 Cr₹56,825 Cr₹67,082 Cr₹77,509 Cr₹89,098 Cr₹1,09,491 Cr
Total Debt
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-1,410 Cr₹800 Cr₹19,759 Cr₹10,808 Cr₹-4,299 Cr₹-1,634 Cr₹7,937 Cr₹17,923 Cr
Investing₹-7,168 Cr₹-6,895 Cr₹-18,447 Cr₹-3,226 Cr₹-8,547 Cr₹-5,598 Cr₹-18,626 Cr₹-17,707 Cr
Financing₹13,194 Cr₹6,933 Cr₹406 Cr₹-5,883 Cr₹15,946 Cr₹12,281 Cr₹15,834 Cr₹5,391 Cr
Free Cash Flow₹-1,410 Cr₹800 Cr₹19,759 Cr₹10,808 Cr₹-4,299 Cr₹-1,634 Cr₹7,937 Cr₹17,923 Cr
Shareholding
Promoter 18.45% Institutions 67.72% Public 13.82%
Efficiency & Working Capital
ROCE14.6%
Interest Coverage3.6
Dividend Payout
Debtor Days17 d
Inventory Days41 d
Payable Days70 d
Cash Conversion Cycle-12 d
Working Capital Days57 d
Shareholding Details

As of 2026-03-31

Promoter18.5%
FII36.2%
DII31.5%
Institutions67.7%
Public13.8%
Promoter Pledge0%
No. of Shareholders9,41,478
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters19.4%19.3%19.3%18.6%18.6%18.5%18.5%18.5%18.4%18.4%18.4%18.5%
FIIs40.1%40.3%40.9%41.8%41.9%41.2%38.9%38.3%38.5%38%37.5%36.2%
DIIs26.9%26.8%26.3%26.1%26.2%27%29.2%29.8%29.6%30%30.4%31.5%
Public13.6%13.6%13.6%13.5%13.4%13.2%13.4%13.5%13.4%13.6%13.6%13.8%
Promoter Pledge0.1%0.1%0.1%0.1%0.1%0.1%0%0%0%0%0%0%
No. of Shareholders6,36,9846,75,6216,90,0067,21,6727,56,2597,99,5318,55,1758,95,6998,64,1898,81,1548,85,0619,41,478
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Prudential Management & Services Private LimitedShareholding of Promoter and Promoter Group10.8%13.22 Cr
M&m Benefit Trust (anand Mahindra & Ranjan Pant -trustees)Shareholding of Promoter and Promoter Group6.9%8.45 Cr
Life Insurance Corporation Of India With Sub AccountsPublic Shareholding6.4%7.83 Cr
Sbi Nifty 50 Etf With Sub AccountsPublic Shareholding3%3.66 Cr
Nps Trust A/c Uti Pension Fund Limited-scheme State Govt With Sub AccountsPublic Shareholding2.5%2.99 Cr
Icici Prudential Large Cap Fund With Sub AccountsPublic Shareholding2.3%2.82 Cr
Uti Nifty 50 Etf With Sub AccountsPublic Shareholding1.7%2.01 Cr
Government Of SingaporePublic Shareholding1.6%2.01 Cr
Nippon Life India Trustee Ltd-a/c Nippon India Etf Nifty 50 Bees With Sub AccountsPublic Shareholding1.5%1.84 Cr
Parag Parikh Flexi Cap Fund With Sub AccountsPublic Shareholding1.3%1.55 Cr
Government Pension Fund GlobalPublic Shareholding1.1%1.37 Cr
Vanguard Total International Stock Index FundPublic Shareholding1.1%1.36 Cr
Sbi Life Insurance Co. LtdPublic Shareholding1.1%1.34 Cr
Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index FundsPublic Shareholding1.1%1.29 Cr
Leena S LabrooShareholding of Promoter and Promoter Group0.1%15,61,166
Uma R MalhotraShareholding of Promoter and Promoter Group0.1%15,50,164
Anand Gopal MahindraShareholding of Promoter and Promoter Group0.1%14,30,008
Yuthica Mahindra Family Trust (uma Malhotra, Leena Labroo & Yuthica Mahindra- Trustees)Shareholding of Promoter and Promoter Group0.1%9,92,638
Kema Services International Pvt LtdShareholding of Promoter and Promoter Group0.1%7,34,832
Yuthica Keshub MahindraShareholding of Promoter and Promoter Group0.1%6,44,744
Anuradha MahindraShareholding of Promoter and Promoter Group0%4,57,090
Chetan Varde*Shareholding of Promoter and Promoter Group0%3,74,800
Sanjay Mohan LabrooShareholding of Promoter and Promoter Group0%2,89,440
Marthand Singh MahindraShareholding of Promoter and Promoter Group0%70,000
Nisheeta LabrooShareholding of Promoter and Promoter Group0%1,70,500
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Anand Gopal Mahindra00%2026-03-31
Anjali K Mahindra00%2026-03-31
Anuradha Mahindra00%2026-03-31
Deveshwar Jagat Sharma00%2026-03-31
Dhruv S Sharma00%2026-03-31
Gautam P Khandelwal00%2026-03-31
Leena S Labroo00%2026-03-31
Nisheeta Labroo00%2026-03-31
Aneesha Labroo00%2026-03-31
Radhika Nath00%2026-03-31
Sanjay Mohan Labroo40,00013.8%2026-03-31
Uma R Malhotra00%2026-03-31
Board of Directors
NameDesignationYear
Anand MahindraChairman & Non Executive Dir.2026
Anish ShahManaging Director & CEO2026
Rajesh JejurikarExecutive Director & CEO2026
Shikha SharmaLead Independent Non Executive Director2026
NISABA ADI GODREJIndependent Non Exe. Director2026
Muthiah MurugappanIndependent Non Exe. Director2026
Padmasree WarriorIndependent Non Exe. Director2026
Ranjan PantNon-Exec & Non-Independent Dir2026
Sat Pal BhanooNon-Exec & Non-Independent Dir2026
Samina HamiedIndependent Non Exe. Director2026
M P Vijay KumarIndependent Non Exe. Director2026
Sailesh DagaCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Automotive₹1,09,200 Cr73.9%
Farm Equipment₹36,376 Cr24.6%
Auto Investments₹32 Cr0%
Farm Investments₹118 Cr0.1%
Investment in Industrial Businesses₹2,040 Cr1.4%
Segments — Geography
RegionRevenueShare
Domestic₹1,46,343 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹513,935601601
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-30Board Meetings
dividend2026-07-03₹33.0 (660.0%)Final
dividend2026-07-03₹33 (660%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202527,4133,6001,18010360432,903
20259,8751148454210,425
2025532154283826
Insider / Designated-Person Trades

30 recent disclosure(s)

Sriram RamachandranDisposal · 476
Sriram RamachandranDisposal · 24
Vinod SahayDisposal · 301
Ameet ShanbhagAcquisition · 282
Surojit KunduAcquisition · 277
Surojit KunduAcquisition · 50
Substantial Acquisitions (SAST)

23 disclosure(s)

Market19/05/2025 · 1,350
Buy Back26/07/2024 ·
Indirect Sale18/06/2024 · 2,61,48,106
Market07/03/2024 · 93,00,000
Transmission26/12/2023 · 9,92,638
Transmission26/12/2023 · 6,26,849
Company Information
Incorporated1945
ChairmanAnand Mahindra
AuditorB S R & Co LLP
Investor Email[email protected]; investors@mahin
🌐 www.mahindra.com

📍 Gateway Building, Apollo Bunder, Mumbai, Maharashtra, 400001

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