₹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:₹2,896₹3,839.9
Key Ratios
Checked 15h agoMarket 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
2025-07-162026-07-15
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
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 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)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
| EPS | 48.7 | 1.04 | 16.15 | 58.83 | 91.96 | 100.7 | 115.06 | 152.18 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 19.4% | 19.3% | 19.3% | 18.6% | 18.6% | 18.5% | 18.5% | 18.5% | 18.4% | 18.4% | 18.4% | 18.5% |
| FIIs | 40.1% | 40.3% | 40.9% | 41.8% | 41.9% | 41.2% | 38.9% | 38.3% | 38.5% | 38% | 37.5% | 36.2% |
| DIIs | 26.9% | 26.8% | 26.3% | 26.1% | 26.2% | 27% | 29.2% | 29.8% | 29.6% | 30% | 30.4% | 31.5% |
| Public | 13.6% | 13.6% | 13.6% | 13.5% | 13.4% | 13.2% | 13.4% | 13.5% | 13.4% | 13.6% | 13.6% | 13.8% |
| Promoter Pledge | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 6,36,984 | 6,75,621 | 6,90,006 | 7,21,672 | 7,56,259 | 7,99,531 | 8,55,175 | 8,95,699 | 8,64,189 | 8,81,154 | 8,85,061 | 9,41,478 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Prudential Management & Services Private Limited | Shareholding of Promoter and Promoter Group | 10.8% | 13.22 Cr |
| M&m Benefit Trust (anand Mahindra & Ranjan Pant -trustees) | Shareholding of Promoter and Promoter Group | 6.9% | 8.45 Cr |
| Life Insurance Corporation Of India With Sub Accounts | Public Shareholding | 6.4% | 7.83 Cr |
| Sbi Nifty 50 Etf With Sub Accounts | Public Shareholding | 3% | 3.66 Cr |
| Nps Trust A/c Uti Pension Fund Limited-scheme State Govt With Sub Accounts | Public Shareholding | 2.5% | 2.99 Cr |
| Icici Prudential Large Cap Fund With Sub Accounts | Public Shareholding | 2.3% | 2.82 Cr |
| Uti Nifty 50 Etf With Sub Accounts | Public Shareholding | 1.7% | 2.01 Cr |
| Government Of Singapore | Public Shareholding | 1.6% | 2.01 Cr |
| Nippon Life India Trustee Ltd-a/c Nippon India Etf Nifty 50 Bees With Sub Accounts | Public Shareholding | 1.5% | 1.84 Cr |
| Parag Parikh Flexi Cap Fund With Sub Accounts | Public Shareholding | 1.3% | 1.55 Cr |
| Government Pension Fund Global | Public Shareholding | 1.1% | 1.37 Cr |
| Vanguard Total International Stock Index Fund | Public Shareholding | 1.1% | 1.36 Cr |
| Sbi Life Insurance Co. Ltd | Public Shareholding | 1.1% | 1.34 Cr |
| Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds | Public Shareholding | 1.1% | 1.29 Cr |
| Leena S Labroo | Shareholding of Promoter and Promoter Group | 0.1% | 15,61,166 |
| Uma R Malhotra | Shareholding of Promoter and Promoter Group | 0.1% | 15,50,164 |
| Anand Gopal Mahindra | Shareholding of Promoter and Promoter Group | 0.1% | 14,30,008 |
| Yuthica Mahindra Family Trust (uma Malhotra, Leena Labroo & Yuthica Mahindra- Trustees) | Shareholding of Promoter and Promoter Group | 0.1% | 9,92,638 |
| Kema Services International Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.1% | 7,34,832 |
| Yuthica Keshub Mahindra | Shareholding of Promoter and Promoter Group | 0.1% | 6,44,744 |
| Anuradha Mahindra | Shareholding of Promoter and Promoter Group | 0% | 4,57,090 |
| Chetan Varde* | Shareholding of Promoter and Promoter Group | 0% | 3,74,800 |
| Sanjay Mohan Labroo | Shareholding of Promoter and Promoter Group | 0% | 2,89,440 |
| Marthand Singh Mahindra | Shareholding of Promoter and Promoter Group | 0% | 70,000 |
| Nisheeta Labroo | Shareholding of Promoter and Promoter Group | 0% | 1,70,500 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Anand Gopal Mahindra | 0 | 0% | 2026-03-31 |
| Anjali K Mahindra | 0 | 0% | 2026-03-31 |
| Anuradha Mahindra | 0 | 0% | 2026-03-31 |
| Deveshwar Jagat Sharma | 0 | 0% | 2026-03-31 |
| Dhruv S Sharma | 0 | 0% | 2026-03-31 |
| Gautam P Khandelwal | 0 | 0% | 2026-03-31 |
| Leena S Labroo | 0 | 0% | 2026-03-31 |
| Nisheeta Labroo | 0 | 0% | 2026-03-31 |
| Aneesha Labroo | 0 | 0% | 2026-03-31 |
| Radhika Nath | 0 | 0% | 2026-03-31 |
| Sanjay Mohan Labroo | 40,000 | 13.8% | 2026-03-31 |
| Uma R Malhotra | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Anand Mahindra | Chairman & Non Executive Dir. | 2026 |
| Anish Shah | Managing Director & CEO | 2026 |
| Rajesh Jejurikar | Executive Director & CEO | 2026 |
| Shikha Sharma | Lead Independent Non Executive Director | 2026 |
| NISABA ADI GODREJ | Independent Non Exe. Director | 2026 |
| Muthiah Murugappan | Independent Non Exe. Director | 2026 |
| Padmasree Warrior | Independent Non Exe. Director | 2026 |
| Ranjan Pant | Non-Exec & Non-Independent Dir | 2026 |
| Sat Pal Bhanoo | Non-Exec & Non-Independent Dir | 2026 |
| Samina Hamied | Independent Non Exe. Director | 2026 |
| M P Vijay Kumar | Independent Non Exe. Director | 2026 |
| Sailesh Daga | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Automotive | ₹1,09,200 Cr | 73.9% |
| Farm Equipment | ₹36,376 Cr | 24.6% |
| Auto Investments | ₹32 Cr | 0% |
| Farm Investments | ₹118 Cr | 0.1% |
| Investment in Industrial Businesses | ₹2,040 Cr | 1.4% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹1,46,343 Cr | 100% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹5 | 13,935 | 601 | 601 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-30 | Board Meetings | — |
| dividend | 2026-07-03 | ₹33.0 (660.0%) | Final |
| dividend | 2026-07-03 | ₹33 (660%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 27,413 | 3,600 | 1,180 | 103 | 604 | 32,903 |
| 2025 | 9,875 | 11 | 484 | 54 | 2 | 10,425 |
| 2025 | 532 | 1 | 5 | 4 | 283 | 826 |
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
📍 Gateway Building, Apollo Bunder, Mumbai, Maharashtra, 400001
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