Mahindra & Mahindra Ltd
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 equipment through 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 Cap ₹ 2,71,661 Cr.
- Current Price ₹ 2,184
- High / Low ₹ 2,257 / 1,237
- Stock P/E 24.4
- Book Value ₹ 486
- Dividend Yield 0.74 %
- ROCE 12.7 %
- ROE 18.1 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 30.2%
Cons
- Stock is trading at 4.49 times its book value
- Promoter holding has decreased over last quarter: -0.73%
- Promoter holding is low: 18.6%
- Company has a low return on equity of 12.8% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Automobile Industry: Automobiles - Passenger Cars
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
59,399 | 68,693 | 74,001 | 71,448 | 75,841 | 83,773 | 92,094 | 104,721 | 75,382 | 74,278 | 90,171 | 121,269 | 136,082 | |
52,140 | 59,578 | 63,830 | 62,655 | 65,759 | 73,038 | 78,868 | 89,514 | 65,224 | 62,791 | 75,488 | 100,983 | 112,222 | |
Operating Profit | 7,259 | 9,116 | 10,170 | 8,793 | 10,082 | 10,735 | 13,226 | 15,207 | 10,158 | 11,487 | 14,683 | 20,285 | 23,861 |
OPM % | 12% | 13% | 14% | 12% | 13% | 13% | 14% | 15% | 13% | 15% | 16% | 17% | 18% |
526 | 841 | 773 | 800 | 1,399 | 2,077 | 4,366 | 2,676 | 885 | 1,152 | 3,204 | 3,961 | 3,294 | |
Interest | 1,800 | 2,297 | 2,954 | 3,157 | 3,368 | 3,648 | 3,987 | 5,021 | 6,021 | 6,102 | 5,018 | 5,830 | 7,132 |
Depreciation | 1,802 | 2,080 | 2,170 | 2,124 | 2,442 | 2,813 | 3,280 | 3,991 | 3,367 | 3,378 | 3,508 | 4,357 | 4,583 |
Profit before tax | 4,184 | 5,580 | 5,820 | 4,313 | 5,672 | 6,350 | 10,326 | 8,871 | 1,655 | 3,158 | 9,362 | 14,060 | 15,439 |
Tax % | 34% | 35% | 26% | 40% | 37% | 36% | 23% | 32% | 119% | 52% | 23% | 19% | |
3,060 | 4,129 | 5,154 | 3,381 | 3,554 | 4,051 | 7,958 | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,143 | |
EPS in Rs | 25.46 | 33.38 | 37.89 | 25.26 | 25.35 | 29.77 | 60.41 | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 | 89.67 |
Dividend Payout % | 24% | 19% | 18% | 23% | 21% | 22% | 11% | 17% | 205% | 54% | 20% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 17% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 143% |
TTM: | 26% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 29% |
3 Years: | 43% |
1 Year: | 71% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 13% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 295 | 295 | 295 | 296 | 270 | 311 | 543 | 544 | 554 | 555 | 556 | 557 | 557 |
Reserves | 16,409 | 19,666 | 23,012 | 25,561 | 26,222 | 29,467 | 36,232 | 39,439 | 39,415 | 41,027 | 46,567 | 55,809 | 59,929 |
23,121 | 28,711 | 35,167 | 37,911 | 41,553 | 48,762 | 55,898 | 70,848 | 82,092 | 80,625 | 77,605 | 92,247 | 99,712 | |
23,623 | 27,460 | 29,415 | 30,608 | 31,806 | 35,296 | 43,696 | 51,057 | 43,655 | 42,762 | 47,661 | 55,670 | 60,575 | |
Total Liabilities | 63,448 | 76,131 | 87,889 | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 220,773 |
17,198 | 18,307 | 18,381 | 19,047 | 20,585 | 20,989 | 26,182 | 28,983 | 29,689 | 21,380 | 26,018 | 27,140 | 30,544 | |
CWIP | 1,488 | 1,631 | 2,191 | 3,032 | 2,371 | 4,279 | 4,269 | 4,760 | 6,856 | 7,873 | 6,703 | 3,969 | 2,014 |
Investments | 5,347 | 6,440 | 8,082 | 10,027 | 11,603 | 14,662 | 16,018 | 18,268 | 19,210 | 28,778 | 30,060 | 35,272 | 33,964 |
39,414 | 49,752 | 59,234 | 62,270 | 65,293 | 73,905 | 89,900 | 109,878 | 109,960 | 106,938 | 109,607 | 137,902 | 154,250 | |
Total Assets | 63,448 | 76,131 | 87,889 | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 220,773 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
61 | -922 | -244 | 1,055 | 2,385 | 183 | 682 | -4,347 | -1,457 | 17,909 | 9,248 | -7,074 | |
-2,968 | -2,903 | -4,524 | -4,357 | -5,506 | -5,875 | -5,467 | -7,174 | -6,870 | -19,686 | -3,252 | -8,866 | |
4,256 | 4,508 | 5,577 | 1,669 | 2,967 | 6,108 | 6,314 | 13,194 | 6,933 | 406 | -5,883 | 15,946 | |
Net Cash Flow | 1,349 | 684 | 810 | -1,633 | -154 | 416 | 1,529 | 1,672 | -1,394 | -1,370 | 113 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 33 | 28 | 28 | 28 | 28 | 31 | 34 | 30 | 34 | 30 | 26 | 21 |
Inventory Days | 74 | 73 | 68 | 72 | 74 | 64 | 64 | 74 | 106 | 91 | 82 | 83 |
Days Payable | 103 | 104 | 96 | 97 | 108 | 107 | 125 | 127 | 142 | 147 | 134 | 118 |
Cash Conversion Cycle | 3 | -3 | 0 | 3 | -6 | -11 | -27 | -23 | -3 | -26 | -27 | -13 |
Working Capital Days | 28 | 25 | 30 | 31 | 31 | 42 | 37 | 23 | 29 | 15 | 95 | 89 |
ROCE % | 15% | 15% | 14% | 11% | 13% | 12% | 13% | 12% | 7% | 8% | 11% | 13% |
Documents
Announcements
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Report For The Month Of April, 2024
8h - Production, Sales & Export Figures for the Month of April, 24
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 May - Pursuant to Regulation 30(6) of the SEBI (LODR) Regulations, 2015, the Schedule of Analyst or Institutional Investor Meeting(s) with the Company
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 May - Letter bearing REF:NS:SEC dated 30th April, 2024 wherein we had given you an advance intimation of the Schedule of Analyst or Institutional Investor Meeting(s) with …
Annual reports
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Financial Year 2023
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Global Presence
The group has a presence across 22 industries, 100+ countries and operates 150+ entities on a consolidated basis. [1]