Mahindra Holidays & Resorts India Ltd

Mahindra Holiday Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahindra Holidays & Resorts India Ltd

₹ 360 1.09%
21 May - close price
clubmahindra.com BSE: 533088 NSE: MHRIL
About

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company's flagship brand ‘Club Mahindra’ has over 250,000 members. [1]The Company is the largest Vacation Ownership company
outside the US and is 6th largest globally[2]

Key Points

Parentage
The company is a subsidiary of the Mahindra Group, a global conglomerate with a workforce of 2.6 lacs across 100+ countries. It holds a leading position in India's farm equipment, utility vehicles, information technology, and financial services sectors and is the world's leading tractor manufacturer by volume. Additionally, it has a significant footprint in renewable energy, agriculture, logistics, hospitality, and real estate. [1]

Website BSE NSE
  • Market Cap ₹ 7,279 Cr.
  • Current Price ₹ 360
  • High / Low ₹ 505 / 241
  • Stock P/E 36.3
  • Book Value ₹ 63.8
  • Dividend Yield 0.00 %
  • ROCE 19.3 %
  • ROE 17.9 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.46% over past five years.
  • Contingent liabilities of Rs.2,914 Cr.
  • Earnings include an other income of Rs.145 Cr.
  • Company has high debtors of 274 days.
  • Working capital days have increased from 138 days to 215 days

* 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: Hotels & Restaurants Industry: Hotels

Part of BSE 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
259 288 284 315 310 328 308 336 343 351 328 360 361
207 220 219 236 248 258 227 253 282 271 252 264 266
Operating Profit 52 68 65 79 61 70 80 83 61 80 77 96 95
OPM % 20% 24% 23% 25% 20% 21% 26% 25% 18% 23% 23% 27% 26%
45 16 18 48 27 27 25 37 32 34 43 31 37
Interest 6 6 7 8 8 8 9 8 8 9 11 12 12
Depreciation 33 32 34 35 38 37 40 40 41 43 45 46 44
Profit before tax 59 45 42 84 42 51 56 72 44 61 64 69 76
Tax % 25% 26% 26% 26% 26% 26% 26% 5% 25% 26% 26% 26% 24%
44 34 31 63 31 38 41 68 33 45 47 51 57
EPS in Rs 2.22 1.68 1.54 3.12 1.55 1.88 2.05 3.37 1.65 2.24 2.33 2.51 2.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
760 779 952 1,073 1,064 918 977 822 961 1,196 1,314 1,400
594 591 715 817 819 805 789 613 719 916 1,011 1,053
Operating Profit 166 188 237 256 245 113 188 209 242 280 303 347
OPM % 22% 24% 25% 24% 23% 12% 19% 25% 25% 23% 23% 25%
21 -9 12 17 29 43 59 85 108 108 119 145
Interest 7 9 10 11 12 5 21 21 26 35 40 44
Depreciation 38 65 71 61 55 51 102 104 120 139 159 178
Profit before tax 141 105 168 201 207 100 124 169 204 214 223 270
Tax % 33% 25% 32% 35% 35% 36% 187% 26% 26% 26% 19% 26%
95 79 114 131 134 64 -108 126 151 159 181 200
EPS in Rs 4.73 3.95 5.69 6.54 6.71 3.19 -5.40 6.28 7.54 7.88 8.94 9.92
Dividend Payout % 37% 45% 39% 34% 40% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 13%
TTM: 7%
Compounded Profit Growth
10 Years: 8%
5 Years: 31%
3 Years: 9%
TTM: 11%
Stock Price CAGR
10 Years: 13%
5 Years: 28%
3 Years: 14%
1 Year: -10%
Return on Equity
10 Years: 19%
5 Years: 25%
3 Years: 21%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 88 88 88 88 133 133 133 133 200 201 202 202
Reserves 702 643 503 586 632 164 43 202 365 545 745 1,087
3 6 0 0 0 0 187 165 282 401 431 592
1,818 1,977 2,093 2,312 2,523 5,529 5,832 5,425 5,448 5,663 5,986 6,285
Total Liabilities 2,611 2,714 2,683 2,986 3,288 5,826 6,195 5,925 6,294 6,810 7,363 8,165
690 796 918 895 858 1,799 2,013 2,176 2,445 2,594 2,692 2,998
CWIP 68 72 36 62 109 222 243 121 115 137 209 356
Investments 159 151 138 181 544 411 492 162 381 650 1,044 1,122
1,695 1,695 1,591 1,849 1,776 3,393 3,447 3,466 3,354 3,430 3,418 3,690
Total Assets 2,611 2,714 2,683 2,986 3,288 5,826 6,195 5,925 6,294 6,810 7,363 8,165

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
32 269 116 266 332 300 331 267 356 413 519 445
-89 -259 -6 -83 -415 -236 -278 -226 -261 -379 -407 -333
64 -38 -49 -53 -48 -62 -65 -36 -58 -73 -101 -129
Net Cash Flow 7 -28 61 129 -131 2 -12 5 37 -40 10 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 405 408 320 307 333 421 444 406 345 287 277 274
Inventory Days
Days Payable
Cash Conversion Cycle 405 408 320 307 333 421 444 406 345 287 277 274
Working Capital Days 354 304 207 191 199 285 246 324 98 131 67 215
ROCE % 21% 18% 27% 34% 31% 20% 44% 44% 34% 25% 21% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
67.20% 67.08% 67.03% 67.00% 66.95% 66.81% 66.77% 66.77% 66.76% 66.76% 66.75% 66.74%
4.91% 5.07% 4.98% 5.12% 5.24% 5.19% 5.23% 5.26% 5.34% 5.31% 5.37% 5.36%
9.66% 8.31% 8.16% 8.13% 8.29% 10.41% 10.59% 10.70% 10.45% 10.25% 10.19% 10.07%
17.86% 19.22% 19.49% 19.48% 19.27% 17.39% 17.21% 17.07% 17.23% 17.49% 17.49% 17.64%
0.36% 0.32% 0.32% 0.28% 0.25% 0.21% 0.21% 0.21% 0.20% 0.19% 0.19% 0.19%
No. of Shareholders 68,99874,77375,45074,85377,09170,62075,93476,63679,17582,83184,08084,856

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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