Mahindra & Mahindra Limited share price
NSE: M&M · ISIN INE101A01026
Key numbers
- Market cap
- ₹ 3,64,431 Cr
- Current price
- ₹ 3,035.00
- 52-week high / low
- ₹ 3,840 / 2,896
- Stock P/E
- 18.5
- Book value
- ₹ 833.0
- Dividend yield
- 1.09%
- ROCE
- 16.1%
- ROE
- 20.1%
- Debt to equity
- 1.44
- Sales growth (3 yrs)
- 17.5%
- Profit growth (3 yrs)
- 18.5%
- 1-year return
- -15.1%
About Mahindra & Mahindra Limited
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services segments. The Automotive segment provides automobiles, two wheelers, spares, construction equipment and related services. The Farm Equipment segment sells tractors, implements, spares, powerol, and related services. The Auto Investments segment invests in automotive-related subsidiaries, associates and joint ventures. The Farm Investments segment is involved in the investment of farm equipment related subsidiaries, associates, and joint ventures. The Industrial Businesses and Consumer Services' segment invests in automotive & farm related subsidiaries, associates and joint ventures. The company was incorporated in 1945 and is headquartered in Mumbai, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 42,586 | 45,436 | 51,580 | 54,892 | 57,533 |
| Operating profit | 7,928 | 8,319 | 9,641 | 10,036 | 10,173 |
| Net profit | 3,295 | 4,083 | 4,675 | 4,668 | 5,455 |
| EPS (₹) | 29.52 | 36.58 | 41.85 | 41.77 | 48.80 |
Concall summary (2026-08-04)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- We will come out with the next phase for Tech Mahindra as we close this phase that we talked about, which is by end of FY27 we get to 15% EBIT margin and then we talk about the next phase as we go from there.
- And I will stay with my standard approach which is, our target is 18%, so we will go slightly up and above 18%.
Growth & demand
- On growth, we continue to grow faster, we are at 34% growth in EPS, at this point in time.
- On the Farm equipment side, we had an 18% volume growth, a very strong market share.
Margins & costs
- Tech Mahindra driven by margin expansion, EBIT margins up to 14.4% and the promise has been to get to 15% by the end of this fiscal year.
- Cross-sell, 30% lower cost of acquisition through the AI orchestrated channel that we have for cross-sell now.
Capex & expansion
- Accelerating EV volume growth and for that we will need more capacity because as you know, we are strapped for capacity right now and there is a plan to double capacity from where we stand today.
- So that's really the 2x capacity increase between now and F31 in multiple phases as you see it.
Balance sheet & cash
- Tech Mahindra, performance driven by large deal wins by margin expansion and free cash flow.
- So, this is one area where process owners are the ones that are really driving this transformation and that's the power of AI and that's the power of being able to really leverage AI.
Peers in Auto Manufacturers
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