Is Mahindra & Mahindra a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahindra & Mahindra Ltd is a good quality company .

Is Mahindra & Mahindra undervalued or overvalued?

The key valuation ratios of Mahindra & Mahindra Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Mahindra & Mahindra share price return in the past 10 years?

Mahindra & Mahindra Ltd share price has appreciated 16.7% annually (CAGR) over the past ten years.

Is Mahindra & Mahindra a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mahindra & Mahindra Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Mahindra & Mahindra Ltd - Stock Valuation and Financial Performance

Name: Mahindra & Mahindra
Brand: Mahindra & Mahindra

BSE: 500520 | NSE: M&M | Automobiles - Passenger Cars | Large Cap

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Mahindra & Mahindra Share Price

₹2,924 -24.10 -0.82%
as on 21-Nov'24 15:40

10 Year X-Ray of Mahindra & Mahindra:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	20%	18.5%	17.9%	20.1%	18.7%	9%	7.4%	15.3%	18.5%	27%	-
Value Creation Index ⓘ	0.8	0.7	0.6	0.8	0.7	-0.2	-0.4	0.4	0.7	1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	38,445	40,875	44,054	48,686	53,614	45,488	44,630	57,787	84,960	98,763	1,06,777
Sales YoY Gr.	-	6.3%	7.8%	10.5%	10.1%	-15.2%	-1.9%	29.5%	47%	16.3%	-
Adj EPS ⓘ	26.1	26.4	26.2	34.3	36.7	3.6	3.5	38	66.6	87.9	88
YoY Gr.	-	1.3%	-0.6%	30.8%	7.1%	-90.3%	-2.2%	989.4%	75.1%	32.1%	-
BVPS (₹) ⓘ	161.8	188	223.8	252.7	285.1	286.7	290.4	317.3	359.7	433.4	451.6
Adj Net Profit ⓘ	3,082	3,122	3,113	4,082	4,377	426	417	4,549	7,974	10,541	10,945
Cash Flow from Ops. ⓘ	3,219	5,471	3,710	7,027	4,924	3,678	9,594	6,977	9,129	11,279	-
Debt/CF from Ops. ⓘ	1.2	0.5	0.8	0.4	0.5	0.8	0.8	0.9	0.5	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.1%	13%	30.3%	16.3%
Adj EPS ⓘ	14.5%	19.1%	193.1%	32.1%
BVPSⓘ	11.6%	8.7%	14.3%	20.5%
Share Price	16.7%	39.6%	46.8%	87.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	17.1	15	12.7	14.3	13.6	1.2	1.2	12.4	19.6	22	19.9
Op. Profit Mgn % ⓘ	10.8	11.3	10.3	12.8	12.4	12.9	15.7	12.3	12.4	13.1	15.1
Net Profit Mgn % ⓘ	8	7.6	7.1	8.4	8.2	0.9	0.9	7.9	9.4	10.7	10.3
Debt to Equity ⓘ	0.2	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.1	0	0
Working Cap Days ⓘ	88	84	80	86	88	100	107	104	88	90	63
Cash Conv. Cycle ⓘ	-10	-13	-15	-19	-20	-18	-25	-29	-23	-23	17

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.90%

Sales growth is growing at healthy rate in last 3 years 30.31%

Net Profit is growing at healthy rate in last 3 years 193.13%

Sales growth is good in last 4 quarters at 13.18%

No data to display

Latest Financials - Mahindra & Mahindra Ltd.

	Standalone	Consolidated
TTM EPS (₹)	88	95.4
TTM Sales (₹ Cr.)	1,06,777	1,45,812
BVPS (₹.) ⓘ	451.6	567.5
Reserves (₹ Cr.) ⓘ	55,541	69,944
P/BV ⓘ	6.53	5.20
PE ⓘ	33.49	30.90

From the Market
52 Week Low / High (₹)	1535.00 / 3221.10
All Time Low / High (₹)	4.31 / 3221.10
Market Cap (₹ Cr.)	3,66,605
Equity (₹ Cr.)	621.8
Face Value (₹)	5
Industry PE ⓘ	29.4

Management X-Ray of Mahindra & Mahindra:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.06

* Pledged shares as % of Promoter's holding (%)

Valuation of Mahindra & Mahindra

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Analyst's Notes

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Key Ratios of Mahindra & Mahindra

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	38,445	40,875	44,054	48,686	53,614	45,488	44,630	57,787	84,960	98,763
Operating Expenses ⓘ	34,278	36,255	39,539	42,462	46,974	39,690	37,672	50,759	74,581	86,097
Manufacturing Costs	679	663	605	688	720	540	587	799	1,070	1,166
Material Costs	27,955	29,516	32,081	34,135	38,256	31,633	30,177	42,560	64,558	74,006
Employee Cost	2,317	2,349	2,714	2,841	2,980	2,880	3,252	3,330	3,650	4,416
Other Costs ⓘ	3,326	3,727	4,138	4,798	5,018	4,637	3,657	4,071	5,303	6,509
Operating Profit ⓘ	4,167	4,620	4,515	6,224	6,640	5,798	6,957	7,027	10,379	12,666
Operating Profit Margin (%)	10.8%	11.3%	10.2%	12.8%	12.4%	12.7%	15.6%	12.2%	12.2%	12.8%
Other Income ⓘ	855	850	1,390	1,130	1,785	1,764	1,447	2,348	2,791	4,511
Interest ⓘ	214	186	204	206	209	209	644	520	455	256
Depreciation ⓘ	975	1,068	1,526	1,479	1,860	2,223	2,370	2,498	3,154	3,439
Exceptional Items ⓘ	336	69	548	434	-30	-2,014	-3,087	-209	-1,430	0
Profit Before Tax ⓘ	4,169	4,284	4,723	6,102	6,325	3,116	2,303	6,148	8,131	13,483
Tax ⓘ	848	1,080	1,079	1,746	1,529	1,785	1,319	1,278	1,582	2,765
Profit After Tax	3,321	3,205	3,643	4,356	4,796	1,331	984	4,870	6,549	10,718
PAT Margin (%)	8.6%	7.8%	8.3%	8.9%	8.9%	2.9%	2.2%	8.4%	7.7%	10.9%
Adjusted EPS (₹)	28.1	27.0	30.7	36.6	40.3	11.2	8.2	40.7	54.7	89.4
Dividend Payout Ratio (%)	21%	22%	21%	20%	21%	21%	106%	28%	30%	24%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	19,149	22,286	26,569	30,065	33,975	34,203	34,696	37,967	43,096	51,978
Share Capital ⓘ	296	296	297	595	596	597	597	598	599	600
Reserves ⓘ	18,853	21,989	26,272	29,470	33,380	33,606	34,099	37,369	42,497	51,378
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,620	1,844	2,773	2,864	2,480	2,932	7,134	6,181	2,332	1,485
Long Term Debt	2,514	1,495	2,234	2,196	2,032	2,032	6,990	5,682	2,332	1,135
Short Term Debt	106	348	539	668	449	900	144	499	0	350
Trade Payables	5,365	6,675	6,881	8,603	9,678	6,786	10,643	12,970	17,146	18,592
Others Liabilities ⓘ	5,811	4,696	3,491	5,914	6,563	6,581	9,092	9,489	13,206	11,757
Total Liabilities ⓘ	32,945	35,500	39,713	47,447	52,697	50,502	61,564	66,607	75,780	83,811
Fixed Assets
Gross Block	11,739	13,799	15,477	16,878	20,518	22,666	27,312	31,577	36,215	39,467
Accumulated Depreciation	5,809	6,203	7,706	9,019	10,437	12,272	15,301	16,673	19,239	21,921
Net Fixed Assetsⓘ	5,929	7,596	7,771	7,859	10,082	10,395	12,011	14,904	16,976	17,546
CWIP ⓘ	2,179	1,562	2,040	3,129	2,420	4,009	6,125	5,263	2,785	3,756
Investmentsⓘ	13,138	13,547	17,908	20,583	22,016	19,938	21,783	24,204	27,087	29,995
Inventories	2,438	2,688	2,758	2,702	3,839	3,401	4,783	5,970	8,881	9,505
Trade Receivables	2,558	2,512	2,939	3,173	3,946	2,999	2,203	3,039	4,042	4,549
Cash Equivalents	2,065	2,287	1,687	2,894	3,732	4,237	6,395	3,651	4,482	5,526
Others Assetsⓘ	4,638	5,307	4,609	7,107	6,662	5,523	8,264	9,576	11,527	12,934
Total Assets ⓘ	32,945	35,500	39,713	47,447	52,697	50,502	61,564	66,607	75,780	83,811

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3,219	5,471	3,710	7,027	4,924	3,678	9,594	6,977	9,129	11,279
PBT ⓘ	3,833	4,216	4,174	5,669	6,355	5,130	5,391	6,357	9,560	13,483
Adjustment ⓘ	603	770	580	867	509	940	1,754	827	1,120	-221
Changes in Working Capital ⓘ	-370	1412	-51	1780	-506	-1310	3587	391	387	868
Tax Paid ⓘ	-847	-928	-993	-1,289	-1,434	-1,082	-1,138	-598	-1,938	-2,851
Cash Flow From Investing Activity ⓘ	-2,423	-3,538	-2,782	-5,110	-2,549	-2,576	-14,536	-3,964	-4,753	-5,183
Capex	-2,023	-2,152	-2,074	-2,669	-3,032	-3,944	-3,311	-3,292	-3,431	-3,986
Net Investments	47	2,870	-801	-495	746	2,055	-6,031	-965	-1,461	-925
Others ⓘ	-447	-4,256	93	-1,947	-264	-687	-5,194	293	139	-271
Cash Flow From Financing Activityⓘ	-1,585	-2,007	-1,161	-1,033	-1,555	-1,015	3,514	-3,166	-3,784	-5,538
Net Proceeds from Shares ⓘ	3	0	0	0	0	0	0	3	8	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-242	-211	-148	-170	-171	-157	-404	-482	-381	-302
Dividend Paid ⓘ	-860	-846	-839	-923	-1,012	-1,187	-294	-1,089	-1,436	-2,021
Others ⓘ	-485	-950	-174	59	-373	329	4,212	-1,598	-1,975	-3,215
Net Cash Flow ⓘ	-788	-75	-233	883	820	87	-1,428	-153	592	559

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	18.56	15.47	14.92	15.38	14.98	3.9	2.86	13.4	16.16	22.55
ROCE (%)	20.02	18.51	17.92	20.06	18.66	8.95	7.36	15.27	18.53	26.98
Asset Turnover Ratio	1.27	1.28	1.26	1.13	1.13	0.93	0.83	0.93	1.24	1.29
PAT to CFO Conversion(x)	0.97	1.71	1.02	1.61	1.03	2.76	9.75	1.43	1.39	1.05
Working Capital Days
Receivable Days	23	21	21	23	23	26	21	16	15	15
Inventory Days	24	21	21	20	21	27	32	33	31	32
Payable Days	66	67	69	74	79	87	97	94	80	83

Mahindra & Mahindra Ltd Stock News

Mahindra & Mahindra Ltd FAQs

What is the share price of Mahindra & Mahindra?

Company share prices are keep on changing according to the market conditions. The closing price of Mahindra & Mahindra on 21-Nov-2024 15:40 is ₹2,924.

What is the market cap of Mahindra & Mahindra?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:40 the market cap of Mahindra & Mahindra stood at ₹3,66,604.7.

What is the P/E ratio of Mahindra & Mahindra?

The latest P/E ratio of Mahindra & Mahindra as of 21-Nov-2024 15:40 is 33.49.

What is the P/B ratio of Mahindra & Mahindra?

The latest P/B ratio of Mahindra & Mahindra as of 21-Nov-2024 15:40 is 6.53.

What is the 52-week high and low of Mahindra & Mahindra?

The 52-week high of Mahindra & Mahindra is ₹3,221.1 and the 52-week low is ₹1,535.

What is the TTM revenue of Mahindra & Mahindra?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahindra & Mahindra is ₹1,06,777 ( Cr.) .

About Mahindra & Mahindra Ltd

Mahindra & Mahindra Limited (M&M) was established on October 2, 1945 when K.C. Mahindra visited the United States of America as Chairman of the India Supply Mission. The Mahindra brothers joined hands with a distinguished gentleman called Ghulam Mohammed. And, Mahindra & Mohammed was set up as a franchise for assembling jeeps from Willys, USA.

Mahindra & Mahindra began its journey commenced with getting into the steel business, and over time, it’s expanded to various key industries. A need for change in the agricultural practices pushed it to foray into that sector right before the agriculture revolution began in India. It became one of the key torch-bearers of the IT revolution in the country. Its focus lies in developing alternate energy sources because the energy conservation will play a huge role in ensuring a better future - for not just country and communities, but the entire world.

The Ordinary (Equity) shares of the company are listed on the National Stock Exchange of India Limited (NSE), the BSE Limited (BSE) in India. The Global Depository Receipts (GDRs) (underlying equity shares) of the Company are listed on the Luxembourg Stock Exchange and are also admitted for trading on International Order Book (IOB) of the London Stock Exchange.

Business area of the company

M&M is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Products and services provided by the company

Aerospace
Aftermarket
Agri Industry
Automotive
Boats
Clean Energy
Consulting
Construction Equipment
Defence
Hospitality
Farm Equipment
Information Technology
Insurance Broking
Logistics
Power Backup
Real Estate & Infrastructure
Retail
Rural Housing Finance
Steel
Two Wheelers
Trucks & Buses
Vehicle & Equipment Finance

Awards

2007

The Nashik Plant of Automotive Sector was awarded the prestigious Platinum 1st Runner Up Award.
Mahindra & Mahindra Auto Sector's Zaheerabad plant has won the First Prize in the National Energy Conservation Awards - 2007.
Mahindra & Mahindra was honoured with the Pegasus Corporate Social Responsibility Gold Award.
Mahindra Powerol has won the prestigious 'VOICE OF CUSTOMER' award.
Mr. Bharat Doshi, Executive Director & Group CFO, M&M, received the CFO of the Year award.
Mahindra & Mahindra has been awarded as the organization with the “Best Automotive Manufacturing Supply Chain Excellence”.
Mr. Arvind Tawde, Sr. VP and CIO, Mahindra & Mahindra, received the CTO of the Year 2007 award.
Mahindra & Mahindra has been honored with the coveted Bombay Chamber Good Corporate Citizen Award 2006-07.
The Institute of Economic Studies (IES), New Delhi, has awarded the 'Udyog Rattan'.
M&M has won the Security Strategist Award 2007.
Mahindra Lifespaces has been honoured as the Best Developer in the Best Transparent Systems category at the recently held CNBC Awaaz - CRISIL Real Estate Awards.
Mahindra & Mahindra was awarded the prestigious SAP ACE 2007.
Mahindra & Mahindra Farm Equipment Sector has won an AE50 Outstanding Innovation Award 2007. 'Golden Peacock Occupational Health & Safety Award' for the year 2007 and many more.

2013

Mahindra Reva receives CII Design Excellence award.

2014

Keshub Mahindra honoured with ASSOCHAM Lifetime Achievement Award.

History

1945: On October 2nd, 'Mahindra & Mohammed' is set up by brothers, JC and KC Mahindra along with Ghulam Mohammed.
1945: M&M begins steel trading.
1947: 75 Jeeps come in from Willys Overland Export Corporation, USA in CKD condition; assembly of which commences at Mazagon, Bombay.
1948: Ghulam Mohammed moves to Pakistan post partition and goes on to become the country's first Finance Minister. Mahindra & Mohammed subsequently changes its name to Mahindra & Mahindra.
1950: 5,000 tons of steel is sourced for building wagons.
1955: On June 15, 1955, the company announces going public and in 1956, its shares are listed on the Bombay Stock Exchange.
1961: Mahindra joins hands with the US manufacturer of agricultural machinery, construction equipment, trucks, automobiles, and household and commercial products, for the manufacture of tractors.
1962: M&M and Ugine Kuhlmann, France, come together to form MUSCO, a Joint Venture, to manufacture alloy steel.
1963: After the demise of co-founder, KC Mahindra, Keshub Mahindra becomes the second Chairman of M&M Ltd.
1963: ITCI formed.
1965: Mahindra shuts down the factory in Mazgaon and establishes a plant in Kandivali to consolidate its operations for the manufacture of UVs and tractors.
1977: The very successful International Tractor Company of India merges with M&M and becomes its tractor division.
1979: M&M receives a license from Automobiles Peugeot France to manufacture XDP 4.90 diesel engines. The assembly of Peugeot engines commences in Ghatkopar.
1983: Mahindra becomes the largest selling tractor brand in India, and it’s holding the position for three decades now.
1986: Mahindra enters the telecom IT services space through Mahindra British Telecom, a joint venture with British Telecom, UK -the company that later became 'Tech Mahindra'.
1991: Maxi Motors Financial Services Limited. Name was changed to Mahindra & Mahindra Financial Services Limited and Fresh Certificate of Incorporation was received.
1993: Mahindra Steel Service Centre Limited is formed in association with Mitsubishi Corporation and Nisho Iwai Corporation of Japan.
1994: Mahindra Group reorganises into six Strategic Business Units: Automotive, Farm Equipment, Financial Services, IT, Infrastructure Development Services and Steel Trading.
1994: Mahindra USA is born
1996: The first holiday resort opens in Munnar, Kerala.
1996: Project Nanhi Kali initiated.
1997: UWC, one of 15 in the world, is inaugurated by Queen Noor of Jordan in Pune, Maharashtra.
1997: Anand Mahindra becomes Managing Director.
1999: Mahindra & Mahindra Financial Services Ltd., which began operations in 1995, becomes a subsidiary of M&M. The company plays a major role in financing Mahindra's UVs.
2000: The millennium year sees the unveiling of a new and visually dynamic group logo, which signifies the road ahead.
2000: Mahindra Bolero launched.
2002: Mahindra World City, India’s first integrated township, is inaugurated.
2002: Mahindra Scorpio launched.
2003: Mahindra tractors wins the prestigious Deming Prize.
2004: The Mahindra Group acquires a majority stake in Bristlecone Inc.
2004: Mahindra Systems & Automotive Technologies (MSAT) Sector is set up.
2004: Major milestone for Mahindra tractors.
2005: Mahindra enters China.
2005: Mahindra and Renault tie up.
2005: Mahindra and ITEC tie up.
2007: Mahindra Pride Schools begin empowering young people (Employability with Empathy and Emotion).
2008: Aftermarket sector formed.
2008: Mahindra enters the two wheelers business.
2008: Automotive facility opens in Chakan, Pune.
2009: Mahindra enters Aerospace.
2010: Mahindra Satyam sponsors FIFA World Cup.
2010: Mahindra acquires Reva Electric Vehicles.
2010: Mahindra Blues, India’s biggest blues music festival, launched.
2012: Mahindra Research Valley in Chennai inaugurated.
2012: Mahindra Reva Factory recognized.
2013: Tech Mahindra and Mahindra Satyam merge.
2013: Mahindra Reva lauded globally.
2014: Mahindra enters FIA Formula E Championship.
2015: Milestone year for record number of launches.
2015: Multiple acquisitions signal a global charge.
2016: Mahindra Racing comes first at FIM MotoGP.
2016: Mahindra acquires Sampo Rosenlew.
2018: The Iconic Jawa comes back to India.
2019: Mahindra unveils the Pininfarina Battista, the world's 1st Electric Hypercar.