Whalesbook
เชฎเชนเชฟเชจเซเชฆเซเชฐเชพ เชเซเชฐเซเชชเซ เชคเซเชจเชพ เชเชเซเชฎเซเชเชฟเชต เชตเซเชฏเชตเชธเชพเชฏ เชฎเชพเชเซ เชเช เชฎเชนเชคเซเชตเชพเชเชพเชเชเซเชทเซ เชฐเซเชกเชฎเซเชช เชฐเชเซ เชเชฐเซเชฏเซ เชเซ, เชเซเชจเซ เชนเซเชคเซ FY30 เชธเซเชงเซเชฎเชพเช เชเชตเช โน2.27 เชฒเชพเช เชเชฐเซเชก เชธเซเชงเซ เชชเชนเซเชเชเชพเชกเชตเชพเชจเซ เชเซ. EV เชฎเชพเชเซ INGLO เช เชจเซ ICE เชตเชพเชนเชจเซ เชฎเชพเชเซ NU_IQ เชเซเชตเชพ เชจเชตเชพ เชเชคเซเชชเชพเชฆเชจ เชฒเซเชจเซเชเชจเชพ เชธเชฎเชฐเซเชฅเชจ เชธเชพเชฅเซ, เชเชเชชเชจเซ เชตเชฟเชถเซเชตเชจเซ เชธเซเชฅเซ เชเชกเชชเชฅเซ เชตเชฟเชเชธเชคเซ SUV เชฌเซเชฐเชพเชจเซเชก เชฌเชจเชตเชพเชจเซ เชชเชฃ เชเชเชพเชเชเซเชทเชพ เชฐเชพเชเซ เชเซ. เชฐเชพเชเช-เชนเซเชจเซเชก เช เชจเซ เชฒเซเชซเซเช-เชนเซเชจเซเชก เชกเซเชฐเชพเชเชต เชฌเชเชพเชฐเซเชฎเชพเช เชเชเชคเชฐเชฐเชพเชทเซเชเซเชฐเซเชฏ เชตเชฟเชธเซเชคเชฐเชฃ เชเช เชฎเซเชเซเชฏ เชตเซเชฏเซเชนเชฐเชเชจเชพ เชเซ, เชธเชพเชฅเซ เช 2031 เชธเซเชงเซเชฎเชพเช เชเช เชฎเชฟเชฒเชฟเชฏเชจ EV เชธเชพเชฅเซ เชฒเชพเชธเซเช-เชฎเชพเชเชฒ เชฎเซเชฌเชฟเชฒเชฟเชเซเชจเซ เชเชฒเซเชเซเชเซเชฐเชฟเชซเชพเชฏ เชเชฐเชตเชพเชจเซ เชฏเซเชเชจเชพเช เชชเชฃ เชเซ. เชซเชพเชฐเซเชฎ เชเชเซเชตเชฟเชชเชฎเซเชจเซเช เช เชจเซ เชซเชพเชเชจเชพเชจเซเชธเชฟเชฏเชฒ เชธเชฐเซเชตเชฟเชธเชฟเชธ เชธเซเชเชฎเซเชจเซเชเซเชธ เชฆเซเชตเชพเชฐเชพ เชชเชฃ เชตเซเชฆเซเชงเชฟ เชฒเชเซเชทเซเชฏเชพเชเชเซ เชฐเชเซ เชเชฐเชตเชพเชฎเชพเช เชเชตเซเชฏเชพ เชเซ.
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 equipmentthrough 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]
Market Leadership[1][2]Mahindra & Mahindra operates diverse businesses including Auto, Farm, TechM, and Financial Services. It holds market leadership in SUVs and LCVs, is the#1 tractor manufacturer, and #1 in EV Re
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Maruti Suzuki | 15977.00 | 33.99 | 502371.87 | 0.84 | 3349.00 | 7.95 | 42344.20 | 13.07 | 21.70 | 160633.80 | 12.22 | 14779.40 | 3349.00 | 5.04 | 11.69 | 0.00 |
| 2. | M & M | 3749.60 | 33.30 | 466361.40 | 0.67 | 4520.52 | 17.69 | 35079.82 | 21.30 | 27.04 | 131795.21 | 16.05 | 14003.01 | 4520.52 | 7.01 | 12.93 | 0.02 |
| 3. | Hyundai Motor I | 2335.90 | 33.82 | 189838.02 | 0.90 | 1570.25 | 17.38 | 17061.03 | 1.10 | 54.25 | 66889.41 | 13.20 | 5612.65 | 1570.25 | 11.17 | 19.97 | 0.05 |
| 4. | Tata Motors PVeh | 362.25 | 9.88 | 133410.99 | 1.66 | 76248.00 | -214.83 | 72349.00 | -13.52 | 19.97 | 392137.00 | 9.18 | 13507.54 | -3412.33 | 1.20 | 7.65 | 0.61 |
| 5. | Force Motors | 16901.00 | 27.15 | 22270.47 | 0.24 | 350.70 | 159.72 | 2081.40 | 7.22 | 29.99 | 8624.15 | 14.46 | 820.18 | 350.67 | 6.35 | 11.53 | 0.00 |
| 6. | Olectra Greentec | 1325.90 | 76.29 | 10902.39 | 0.03 | 49.43 | 4.18 | 656.62 | 25.39 | 20.52 | 1968.13 | 13.68 | 142.91 | 49.55 | 9.70 | 7.46 | 0.33 |
| 7. | Mercury EV-Tech | 36.99 | 79.67 | 702.71 | 0.00 | 1.72 | 7.50 | 34.01 | 74.59 | 5.15 | 122.86 | 8.41 | 8.82 | 1.72 | 2.51 | 3.08 | 0.03 |
| โ | Median: 8 Co. | 1830.9 | 33.91 | 77840.73 | 0.46 | 960.48 | 7.72 | 9571.22 | 10.14 | 21.11 | 37756.78 | 12.71 | 3216.41 | 200.11 | 6.68 | 9.59 | 0.03 |
Standalone figures in โน crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 22,105 | 22,113 | 22,614 | 24,403 | 25,762 | 25,737 | 25,434 | 27,133 | 28,919 | 30,964 | 31,609 | 34,143 | 35,080 |
Expenses | 18,513 | 18,840 | 19,774 | 20,852 | 21,270 | 22,088 | 22,006 | 23,017 | 23,649 | 26,154 | 26,671 | 29,199 | 28,612 |
Operating Profit | 3,592 | 3,273 | 2,840 | 3,551 | 4,492 | 3,649 | 3,428 | 4,116 | 5,270 | 4,810 | 4,938 | 4,944 | 6,467 |
Other Income | -30 | -418 | -220 | 663 | 691 | 387 | 224 | 258 | 677 | 265 | -206 | 583 | 702 |
Profit before tax | 2,707 | 1,958 | 1,711 | 3,341 | 4,322 | 3,170 | 2,624 | 3,406 | 4,931 | 3,968 | 3,345 | 4,471 | 6,069 |
Tax % | 24% | 22% | 9% | 17% | 21% | 21% | 24% | 23% | 22% | 25% | 27% | 23% | 26% |
Net Profit | 2,068 | 1,528 | 1,549 | 2,759 | 3,393 | 2,490 | 2,000 | 2,613 | 3,841 | 2,964 | 2,437 | 3,450 | 4,521 |
EPS in Rs | 16.63 | 12.29 | 12.46 | 22.19 | 27.29 | 20.02 | 16.08 | 21.01 | 30.89 | 23.84 | 19.60 | 27.74 | 36.35 |
Standalone Figures in โน Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 40,508 | 38,445 | 40,875 | 44,054 | 48,686 | 53,614 | 45,488 | 44,630 | 57,787 | 86,645 | 101,336 | 118,625 | 131,795 |
Expenses | 35,787 | 34,271 | 36,255 | 39,539 | 42,462 | 46,974 | 39,690 | 37,672 | 50,759 | 74,581 | 86,206 | 100,209 | 110,636 |
Operating Profit | 4,722 | 4,173 | 4,620 | 4,515 | 6,224 | 6,640 | 5,798 | 6,957 | 7,027 | 12,064 | 15,130 | 18,416 | 21,159 |
Other Income | 770 | 1,185 | 919 | 1,894 | 1,470 | 1,659 | -346 | -1,888 | 1,845 | -506 | 1,956 | 1,712 | 1,344 |
Interest | 259 | 214 | 186 | 160 | 112 | 113 | 113 | 396 | 226 | 273 | 140 | 250 | 257 |
Depreciation | 863 | 975 | 1,068 | 1,526 | 1,479 | 1,860 | 2,223 | 2,370 | 2,498 | 3,154 | 3,488 | 4,227 | 4,391 |
Profit before tax | 4,369 | 4,169 | 4,284 | 4,723 | 6,102 | 6,325 | 3,116 | 2,303 | 6,148 | 8,131 | 13,458 | 15,650 | 17,854 |
Net Profit | 3,758 | 3,321 | 3,205 | 3,643 | 4,356 | 4,796 | 1,331 | 984 | 4,870 | 6,549 | 10,642 | 11,855 | 13,372 |
EPS in Rs | 30.51 | 26.74 | 25.80 | 29.33 | 35.04 | 38.58 | 10.70 | 7.92 | 39.17 | 52.66 | 85.58 | 95.33 | 107.53 |
Dividend Payout % | 22% | 21% | 22% | 21% | 20% | 21% | 21% | 106% | 28% | 30% | 24% | 26% | โ |
Standalone figures in โน crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 295 | 296 | 296 | 297 | 595 | 596 | 597 | 597 | 598 | 599 | 600 | 600 | 601 |
Reserves | 16,496 | 18,959 | 22,127 | 26,489 | 29,699 | 33,613 | 33,871 | 34,354 | 37,600 | 42,758 | 51,692 | 60,985 | 65,890 |
Borrowings | 4,045 | 3,728 | 2,917 | 2,851 | 2,958 | 2,571 | 3,027 | 7,786 | 6,743 | 5,026 | 2,051 | 1,682 | 1,614 |
Other Liabilities | 10,452 | 9,961 | 10,159 | 10,332 | 14,195 | 15,916 | 13,007 | 18,827 | 21,665 | 27,398 | 29,367 | 36,382 | 40,963 |
Total Liabilities | 31,289 | 32,945 | 35,500 | 39,968 | 47,447 | 52,697 | 50,502 | 61,564 | 66,606 | 75,780 | 83,709 | 99,649 | 109,068 |
Fixed Assets | 5,877 | 5,929 | 7,596 | 7,771 | 7,859 | 10,082 | 10,395 | 12,011 | 14,904 | 16,976 | 17,805 | 19,651 | 22,441 |
Gross Block | 10,796 | 11,739 | 13,799 | 15,477 | 16,878 | 20,518 | 22,666 | 27,312 | 31,577 | 36,215 | 40,207 | 43,553 | โ |
Accumulated Depreciation | 4,919 | 5,809 | 6,203 | 7,706 | 9,019 | 10,437 | 12,272 | 15,301 | 16,673 | 19,239 | 22,403 | 23,901 | โ |
CWIP | 1,228 | 2,179 | 1,562 | 2,040 | 3,129 | 2,420 | 4,009 | 6,125 | 5,263 | 2,785 | 3,763 | 3,905 | 1,272 |
Investments | 11,380 | 13,138 | 13,547 | 17,908 | 20,583 | 22,016 | 19,938 | 21,783 | 24,204 | 27,087 | 29,207 | 35,468 | 37,375 |
Other Assets | 12,803 | 11,698 | 12,794 | 12,248 | 15,876 | 18,179 | 16,160 | 21,645 | 22,235 | 28,932 | 32,934 | 40,625 | 47,981 |
Total Assets | 31,289 | 32,945 | 35,500 | 39,968 | 47,447 | 52,697 | 50,502 | 61,564 | 66,606 | 75,780 | 83,709 | 99,649 | 109,068 |
Standalone Figures in โน Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 3,728 | 3,219 | 5,470 | 3,971 | 7,027 | 4,924 | 3,678 | 9,594 | 6,977 | 9,129 | 11,474 | 16,617 |
Cash from Investing Activity | -2,362 | -2,423 | -3,538 | -3,221 | -5,110 | -2,549 | -2,576 | -14,564 | -3,961 | -4,753 | -5,361 | -13,874 |
Cash from Financing Activity | -824 | -1,585 | -2,007 | -1,056 | -1,033 | -1,555 | -1,015 | 3,514 | -3,166 | -3,784 | -5,547 | -3,355 |
Net Cash Flow | 542 | -788 | -75 | -305 | 884 | 820 | 86 | -1,456 | -150 | 593 | 566 | -612 |
Standalone Figures in โน Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 24 | 22 | 24 | 24 | 27 | 24 | 18 | 19 | 17 | 16 | 18 |
Inventory Days | 35 | 32 | 33 | 31 | 29 | 37 | 39 | 58 | 51 | 50 | 48 | 44 |
Days Payable | 75 | 70 | 83 | 78 | 92 | 92 | 78 | 129 | 111 | 97 | 92 | 99 |
Cash Conversion Cycle | -18 | -14 | -27 | -23 | -39 | -29 | -15 | -53 | -41 | -30 | -27 | -38 |
Working Capital Days | -18 | -25 | -26 | -19 | -28 | -19 | -18 | -51 | -27 | -23 | -16 | -26 |
ROCE % | 23% | 18% | 18% | 16% | 18% | 18% | 14% | 14% | 15% | 21% | 26% | 27% |
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