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

₹ 247 0.11%
30 Apr 3:46 p.m.
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 ₹ 4,991 Cr.
  • Current Price ₹ 247
  • High / Low ₹ 382 / 225
  • Stock P/E 66.7
  • Book Value ₹ 38.5
  • Dividend Yield 0.00 %
  • ROCE 7.75 %
  • ROE 9.61 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 6.41 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Contingent liabilities of Rs.1,887 Cr.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 34.1 days to 145 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

Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts

Part of BSE Consumer Discretionary Nifty India Tourism Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
712 614 655 635 800 653 671 678 779 701 717 753 820
547 530 520 530 613 548 548 533 574 579 565 609 623
Operating Profit 165 84 136 105 187 105 123 146 204 122 152 144 197
OPM % 23% 14% 21% 17% 23% 16% 18% 21% 26% 17% 21% 19% 24%
24 38 17 32 30 33 35 32 28 39 32 19 24
Interest 33 32 33 45 22 35 38 37 38 39 48 47 47
Depreciation 79 81 84 86 86 89 92 93 92 96 101 104 109
Profit before tax 77 9 35 6 109 14 28 48 102 26 36 12 65
Tax % 27% 90% 39% -67% 24% 57% 59% 26% 29% 73% 52% 88% 36%
56 1 21 11 83 6 11 35 73 7 17 1 41
EPS in Rs 2.80 0.01 1.06 0.58 4.08 0.29 0.68 1.72 3.62 0.39 0.88 0.11 2.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
812 1,602 2,267 2,317 2,239 2,372 1,730 2,013 2,517 2,705 2,781 2,992
623 1,329 1,932 1,948 2,055 1,996 1,489 1,691 2,036 2,182 2,194 2,376
Operating Profit 189 273 335 369 184 375 241 323 481 522 587 616
OPM % 23% 17% 15% 16% 8% 16% 14% 16% 19% 19% 21% 21%
-4 -4 27 34 55 58 116 163 106 114 129 113
Interest 11 25 32 86 40 85 91 105 126 140 157 181
Depreciation 66 98 106 100 101 247 264 271 290 337 366 409
Profit before tax 107 146 224 217 98 101 2 111 171 160 193 139
Tax % 25% 38% 35% 39% 39% 232% 667% 39% 33% 27% 35% 52%
81 90 146 133 60 -134 -14 68 114 116 126 67
EPS in Rs 4.07 4.34 7.44 6.61 3.02 -6.59 -0.65 3.37 5.72 5.72 6.32 3.44
Dividend Payout % 43% 51% 30% 40% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 6%
TTM: 8%
Compounded Profit Growth
10 Years: -1%
5 Years: 42%
3 Years: -14%
TTM: -41%
Stock Price CAGR
10 Years: 3%
5 Years: 12%
3 Years: -6%
1 Year: -21%
Return on Equity
10 Years: 16%
5 Years: 21%
3 Years: 17%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 88 88 88 133 133 133 133 200 201 202 202 202
Reserves 637 418 509 579 149 -87 -48 50 189 323 579 576
124 705 774 810 830 2,434 2,487 2,567 2,623 2,738 3,130 3,829
1,981 2,415 2,587 2,984 5,932 6,167 5,748 5,805 6,085 6,367 6,512 6,777
Total Liabilities 2,830 3,625 3,959 4,505 7,044 8,648 8,319 8,621 9,098 9,629 10,423 11,385
1,032 1,339 1,273 1,459 2,439 3,862 3,971 4,186 4,418 4,589 5,003 5,776
CWIP 95 75 171 112 227 250 124 122 182 244 407 325
Investments 143 61 104 453 324 406 77 306 573 675 753 695
1,561 2,150 2,411 2,481 4,055 4,129 4,147 4,007 3,924 4,122 4,260 4,589
Total Assets 2,830 3,625 3,959 4,505 7,044 8,648 8,319 8,621 9,098 9,629 10,423 11,385

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
201 242 276 551 263 561 382 498 681 624 621 531
-308 -379 -182 -547 -239 -281 -235 -257 -209 -448 -402 -213
78 274 -6 -144 -21 -254 -154 -217 -459 -190 -285 -315
Net Cash Flow -30 137 88 -140 4 26 -6 23 14 -13 -66 2
Free Cash Flow 67 68 128 348 99 417 263 375 425 310 295 139
CFO/OP 127% 111% 102% 173% 189% 167% 159% 136% 141% 110% 106% 105%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 392 213 164 169 181 192 204 175 148 149 150 150
Inventory Days 703 411 540 499 418 735 746 592 609 753
Days Payable 478 245 271 250 234 409 480 413 399 383
Cash Conversion Cycle 392 438 330 438 431 376 530 441 327 359 520 150
Working Capital Days 230 150 123 115 122 45 138 14 68 -58 16 145
ROCE % 17% 16% 19% 20% 10% 10% 4% 8% 10% 9% 10% 8%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Room Inventory (Keys)
Keys ・Standalone data

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Total Member Base
Numbers ・Standalone data
Member Additions (Gross)
Numbers ・Standalone data
Occupancy Rate
% ・Standalone data
Resort Income (Standalone)
Rs. Crores ・Standalone data
Average Unit Realization (AUR)
Rs. Lakhs ・Standalone data

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
66.95% 66.81% 66.77% 66.77% 66.76% 66.76% 66.75% 66.74% 66.74% 66.74% 66.74% 66.74%
5.24% 5.19% 5.23% 5.26% 5.34% 5.31% 5.37% 5.36% 5.42% 5.44% 5.51% 5.30%
8.29% 10.41% 10.59% 10.70% 10.45% 10.25% 10.19% 10.07% 10.17% 10.01% 10.38% 11.01%
19.27% 17.39% 17.21% 17.07% 17.23% 17.49% 17.49% 17.64% 17.45% 17.63% 17.19% 16.76%
0.25% 0.21% 0.21% 0.21% 0.20% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.18%
No. of Shareholders 77,09170,62075,93476,63679,17582,83184,08084,85688,11588,96492,34793,818

* 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.

Click on the line-items to see the names of individual entities.

Documents

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