M&M - Mahindra & Mahindra Ltd. Share Price

Automobiles

₹2925.20+16.00(+0.55%)

Market Closed as of Apr 30, 2025, 15:30 IST

What does Mahindra & Mahindra Ltd. do?

Passenger Cars & Utility Vehicles•Automobile and AutoComponents•Large Cap

Mahindra & Mahindra is a company that specializes in passenger cars and utility vehicles.

The stock ticker for Mahindra & Mahindra is M&M, and it boasts a market capitalization of Rs. 339,216.3 Crores.

In the last twelve months, the company recorded a revenue of Rs. 153,898.3 Crores. Notably, Mahindra & Mahindra is committed to rewarding its investors through dividends, offering a dividend yield of 1.26% per year. Over the past year, the company returned Rs. 37.35 as dividend per share.

Furthermore, Mahindra & Mahindra has demonstrated impressive growth, achieving a revenue increase of 77.6% over the last three years.

Industry Group:Automobiles

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	M%26M	Automobiles
PE	26.64	20.04
PS	2.36	1.71
Growth	11.2 %	4.9 %

Share Holdings

Understand Mahindra & Mahindra ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
PRUDENTIAL MANAGEMENT & SERVICES PRIVATE LIMITED	10.82%
LIFE INSURANCE CORPORATION OF INDIA WITH SUB ACCOUNTS	7.24%
M&M BENEFIT TRUST (Bharat N Doshi , A.K.Nanda & Others -Trustees)	6.91%
MAHINDRA AND MAHINDRA EMPLOYEES STOCK OPTION TRUST	3.5%
SBI NIFTY 50 ETF WITH SUB ACCOUNTS	3.48%
GOVERNMENT OF SINGAPORE	1.91%
NPS TRUST- A/C HDFC PENSION MANAGEMENT LIMITED SCHEME E - TIER I WITH SUB ACCOUNTS	1.77%
FIRST SENTIER INVESTORS ICVC - STEWART INVESTORS ASIA PACIFIC LEADERS SUSTAINABILITY FUND	1.64%
ICICI PRUDENTIAL BLUECHIP FUND WITH SUB ACCOUNTS	1.47%
UTI NIFTY 50 ETF WITH SUB ACCOUNTS	1.42%
GOVERNMENT PENSION FUND GLOBAL	1.19%
HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND WITH SUB ACCOUNTS	1.11%
SBI LIFE INSURANCE CO. LTD	1.1%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS BLUECHIP FUND WITH SUB ACCOUNTS	1.05%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	1.02%
UMA R MALHOTRA	0.13%
LEENA S LABROO	0.13%
ANAND GOPAL MAHINDRA	0.12%
Yuthica Mahindra Family Trust (Uma Malhotra, Leena Labroo & Yuthica Mahindra- Trustees)	0.08%
Trusts	0.07%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Description	Share	Value
Automotive	55.0%	23.4 kCr
Farm Equipment	22.4%	9.5 kCr
Industrial Businesses and Consumer Services	11.4%	4.8 kCr
Financial Services	11.2%	4.8 kCr
Total		42.5 kCr

Income Statement for Mahindra & Mahindra

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	7.1%	30,964	28,919	27,133	25,436	25,642	25,773
Other Income	-60.9%	265	677	258	220	383	819
Total Income	5.5%	31,228	29,597	27,390	25,656	26,026	26,592
Cost of Materials	1.9%	20,279	19,907	18,411	18,328	17,803	18,807
Purchases of stock-in-trade	-0.4%	1,116	1,120	1,152	1,000	959	1,077
Employee Expense	11.5%	1,285	1,153	1,175	1,111	1,134	1,126
Finance costs	11.1%	61	55	53	39	35	33
Depreciation and Amortization	8.8%	1,045	961	915	977	818	816
Other expenses	4.4%	2,142	2,052	1,902	2,433	1,852	1,870
Total Expenses	10.5%	27,260	24,666	23,984	23,006	22,905	22,225
Profit Before exceptional items and Tax	-19.5%	3,968	4,931	3,406	2,650	3,121	4,367
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-19.5%	3,968	4,931	3,406	2,650	3,121	4,367
Current tax	-3.8%	980	1,019	740	649	643	865
Deferred tax	-68.6%	23	71	54	-36.26	24	51
Total tax	-7.9%	1,004	1,090	794	612	667	915
Total profit (loss) for period	-22.8%	2,964	3,841	2,613	2,038	2,454	3,452
Other comp. income net of taxes	228.4%	41	-30.16	-7.85	93	-8.31	4.92
Total Comprehensive Income	-21.2%	3,005	3,811	2,605	2,131	2,446	3,457
Earnings Per Share, Basic	-23.6%	24.7	32.01	21.78	17	20.47	28.8
Earnings Per Share, Diluted	-23.6%	24.62	31.9	21.7	16.94	20.4	28.7
Debt equity ratio	-	002	0	002	003	003	003
Debt service coverage ratio	-	0	0	-	0	0	0
Interest service coverage ratio	-	0	0	-	0	0	0

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	19.1%	101,219	84,960	57,446	45,041	45,488	53,614
Other Income	-23.9%	1,938	2,545	2,076	1,221	1,668	1,689
Total Income	17.9%	103,158	87,505	59,522	46,262	47,156	55,303
Cost of Materials	15%	71,553	62,226	40,506	25,036	22,874	27,095
Purchases of stock-in-trade	18.2%	4,027	3,407	2,375	6,817	8,349	12,112
Employee Expense	21%	4,416	3,650	3,306	2,859	2,880	2,980
Finance costs	-49.3%	139	273	223	371	113	113
Depreciation and Amortization	9%	3,439	3,154	2,451	2,233	2,223	1,860
Other expenses	21.6%	7,674	6,310	4,756	4,063	5,177	5,738
Total Expenses	15%	89,675	77,945	53,078	41,139	42,026	48,948
Profit Before exceptional items and Tax	41%	13,483	9,560	6,444	5,124	5,130	6,355
Exceptional items before tax	99.9%	0	-1,429.54	-208.67	-3,663.27	-2,013.98	-29.73
Total profit before tax	65.8%	13,483	8,131	6,235	1,460	3,116	6,325
Current tax	47.5%	2,724	1,847	1,085	1,236	997	1,179
Deferred tax	115.1%	41	-264.37	216	-44.01	788	350
Total tax	74.8%	2,765	1,582	1,300	1,192	1,785	1,529
Total profit (loss) for period	63.7%	10,718	6,549	4,935	269	1,331	4,796
Other comp. income net of taxes	232.9%	101	-74.24	76	-61.21	-32.1	12
Total Comprehensive Income	67.1%	10,818	6,474	5,011	207	1,298	4,808
Earnings Per Share, Basic	64.7%	89.42	54.7	41.28	2.25	11.16	40.29
Earnings Per Share, Diluted	64.7%	89.08	54.49	41.13	2.24	11.12	40.13
Debt equity ratio	-0.1%	003	011	017	022	009	008
Debt service coverage ratio	-4.9%	0	0.0469	-	0.0474	0.0421	0.0863
Interest service coverage ratio	-	0	-	-	0.0907	0.2507	0.3089

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	9.4%	41,470	37,924	37,218	35,452	35,299	34,436
Other Income	-37.7%	411	659	409	356	511	592
Total Income	8.5%	41,881	38,583	37,626	35,807	35,810	35,027
Cost of Materials	1.3%	21,700	21,432	19,807	19,785	19,470	20,509
Purchases of stock-in-trade	3.9%	2,020	1,945	1,823	1,575	1,948	1,892
Employee Expense	8.6%	2,883	2,655	2,679	2,639	2,686	2,716
Finance costs	6.5%	2,362	2,217	2,108	1,989	1,945	1,835
Depreciation and Amortization	14.8%	1,495	1,302	1,248	1,335	1,123	1,139
Other expenses	-4.1%	5,227	5,453	5,134	5,524	4,867	5,057
Total Expenses	8.1%	37,097	34,309	33,330	32,172	32,143	31,680
Profit Before exceptional items and Tax	12%	4,785	4,274	4,296	3,635	3,667	3,347
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	12%	4,785	4,274	4,296	3,635	3,667	3,347
Current tax	1.6%	1,350	1,329	967	906	655	1,184
Deferred tax	136.7%	117	50	108	-0.85	280	-100.01
Total tax	6.5%	1,468	1,379	1,075	905	935	1,084
Total profit (loss) for period	7.8%	3,624	3,361	3,546	3,125	2,977	2,484
Other comp. income net of taxes	-178.5%	-117.57	152	35	88	176	44
Total Comprehensive Income	-0.2%	3,507	3,513	3,581	3,213	3,153	2,528
Earnings Per Share, Basic	0.3%	28.51	28.43	29.44	24.71	23.86	21.07
Earnings Per Share, Diluted	0.3%	28.4	28.31	29.32	24.61	23.76	20.99
Debt equity ratio	-	007	0	008	009	01	011
Debt service coverage ratio	-0.7%	0.0732	0.08	0.0526	0.0428	0.0588	0.0646

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	14.7%	139,078	121,269	90,171	74,278	95,179	104,721
Other Income	80.5%	2,176	1,206	935	1,033	1,063	1,086
Total Income	15.3%	141,255	122,475	91,105	75,311	96,242	105,806
Cost of Materials	13.7%	77,849	68,478	46,265	32,798	45,167	56,120
Purchases of stock-in-trade	-4.3%	7,221	7,542	6,399	5,474	6,566	5,962
Employee Expense	9.8%	10,624	9,678	8,387	7,813	11,212	11,564
Finance costs	28.4%	7,488	5,830	5,018	6,102	6,065	5,021
Depreciation and Amortization	8.4%	4,724	4,357	3,508	3,378	4,976	3,991
Other expenses	15.2%	19,947	17,318	15,298	14,381	18,839	17,599
Total Expenses	13.7%	126,398	111,170	84,013	70,082	93,656	98,526
Profit Before exceptional items and Tax	31.4%	14,856	11,305	7,092	5,229	2,586	7,280
Exceptional items before tax	-100.1%	0	1,250	414	-1,158.26	-1,973.89	224
Total profit before tax	18.3%	14,856	12,555	7,506	4,071	612	7,504
Current tax	31.2%	3,597	2,742	1,868	2,015	2,314	2,350
Deferred tax	292%	111	-56.29	241	-369.08	-338.55	504
Total tax	38.1%	3,708	2,686	2,109	1,646	1,976	2,854
Total profit (loss) for period	7.9%	12,270	11,374	7,253	1,512	-321	6,017
Other comp. income net of taxes	197.3%	184	-186.99	-111.47	65	-273.26	-309.73
Total Comprehensive Income	11.3%	12,454	11,187	7,142	1,577	-594.26	5,707
Earnings Per Share, Basic	9.6%	101.14	92.41	59.2	16.33	1.15	48.91
Earnings Per Share, Diluted	9.6%	100.7	91.96	58.83	16.15	1.04	48.7
Debt equity ratio	-1.2%	009	0.0132	0.0131	0	0	-
Debt service coverage ratio	-4.2%	0	0.0401	0.0588	0	0	-

Balance Sheet for Mahindra & Mahindra

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-18.8%	1,518	1,869	1,914	1,310	1,935	717
Current investments	-9.9%	7,607	8,447	8,176	9,548	8,381	7,902
Loans, current	22.7%	2,919	2,379	596	2,177	1,631	1,846
Total current financial assets	19.2%	26,642	22,351	20,484	21,570	19,199	17,522
Inventories	8.1%	10,276	9,505	9,960	8,881	7,819	5,883
Total current assets	16.7%	40,974	35,106	34,162	33,951	30,151	25,867
Property, plant and equipment	7.3%	14,740	13,740	13,165	13,050	12,540	12,004
Capital work-in-progress	20.4%	2,222	1,846	1,450	950	1,318	1,522
Goodwill	-	23	0	0	0	0	0
Non-current investments	4.3%	22,466	21,549	19,974	17,539	17,436	17,208
Loans, non-current	38%	128	93	225	177	1,019	960
Total non-current financial assets	0%	24,866	24,866	22,726	19,220	19,666	19,730
Total non-current assets	2.8%	50,073	48,706	45,460	41,136	41,814	41,213
Total assets	8.6%	91,047	83,811	79,622	75,780	72,123	67,130
Borrowings, non-current	22%	1,384	1,135	1,403	2,600	2,528	5,841
Total non-current financial liabilities	-7.9%	1,992	2,163	2,067	3,278	3,442	6,524
Provisions, non-current	4.6%	1,242	1,187	1,234	1,207	957	913
Total non-current liabilities	1.7%	5,650	5,556	5,382	6,383	6,563	9,349
Borrowings, current	-53.5%	210	450	517	2,426	2,215	893
Total current financial liabilities	10%	22,864	20,779	21,478	21,194	19,925	15,150
Provisions, current	9.7%	750	684	649	607	527	454
Current tax liabilities	95.3%	708	363	711	476	522	306
Total current liabilities	12.6%	29,256	25,979	26,603	25,855	24,430	18,820
Total liabilities	10.7%	34,906	31,535	31,985	32,423	30,993	28,169
Equity share capital	0%	600	600	599	599	598	598
Total equity	7.4%	56,141	52,277	47,637	43,357	41,130	38,961
Total equity and liabilities	8.6%	91,047	83,811	79,622	75,780	72,123	67,130

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-16.3%	3,794	4,530	3,753	3,493	3,914	3,488
Current investments	2.3%	13,945	13,635	12,452	14,266	13,015	10,850
Loans, current	14.2%	44,621	39,060	39,322	34,685	34,104	29,242
Total current financial assets	16.1%	86,230	74,269	72,292	69,204	66,242	59,583
Inventories	6.3%	19,765	18,590	17,844	16,855	14,832	11,596
Total current assets	14.9%	112,861	98,240	96,025	91,269	85,970	75,148
Property, plant and equipment	6.3%	22,764	21,409	20,503	20,351	18,679	21,902
Capital work-in-progress	31.3%	4,544	3,461	2,014	1,223	1,720	3,036
Goodwill	0.2%	2,454	2,448	2,452	2,549	2,287	1,340
Non-current investments	-17.2%	6,438	7,773	7,560	6,626	6,161	6,061
Loans, non-current	5.8%	71,702	67,784	58,557	52,773	43,146	38,849
Total non-current financial assets	1.3%	81,178	80,125	70,987	63,035	51,575	47,426
Total non-current assets	3.2%	142,399	138,035	124,748	114,566	99,973	98,965
Total assets	8%	255,280	236,301	220,773	205,892	192,115	174,113
Borrowings, non-current	4.9%	71,029	67,720	64,447	57,910	51,659	51,058
Total non-current financial liabilities	5.2%	77,590	73,764	66,887	59,280	52,733	52,465
Provisions, non-current	4%	1,834	1,763	1,857	1,816	1,590	1,498
Total non-current liabilities	5%	87,396	83,246	76,164	68,230	61,548	60,999
Borrowings, current	19%	42,240	35,484	35,265	34,337	31,614	26,548
Total current financial liabilities	13.5%	75,163	66,239	64,890	62,598	57,616	50,006
Provisions, current	1.7%	1,142	1,123	1,130	1,189	922	968
Current tax liabilities	60.7%	872	543	931	616	735	392
Total current liabilities	13.9%	86,035	75,546	73,566	70,579	65,146	56,288
Total liabilities	9.2%	173,430	158,791	149,730	138,810	131,546	117,288
Equity share capital	0.2%	558	557	557	557	556	556
Non controlling interest	0.3%	11,348	11,319	10,558	10,716	10,057	9,703
Total equity	5.6%	81,850	77,509	71,043	67,082	60,569	56,825
Total equity and liabilities	8%	255,280	236,301	220,773	205,892	192,115	174,113

Cash Flow for Mahindra & Mahindra

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-49.3%	139	273	223
Change in inventories	79.8%	-623.47	-3,083.66	-1,099.88
Depreciation	9%	3,439	3,154	2,451
Impairment loss / reversal	-	-28.19	0	0
Unrealised forex losses/gains	83.6%	-8.82	-58.74	-95.7
Dividend income	26.4%	2,512	1,988	1,363
Adjustments for interest income	-	0	0	381
Share-based payments	3.8%	111	107	81
Net Cashflows from Operations	27.7%	14,130	11,067	7,692
Income taxes paid (refund)	47.1%	2,851	1,938	598
Net Cashflows From Operating Activities	23.6%	11,279	9,129	7,094
Cashflows used in obtaining control of subsidiaries	-6.4%	2,942	3,144	609
Proceeds from sales of PPE	-78.9%	196	923	61
Purchase of property, plant and equipment	15.5%	5,029	4,354	3,247
Dividends received	15.8%	1,860	1,607	1,363
Interest received	77%	541	306	366
Other inflows (outflows) of cash	1003.2%	1,162	-127.54	-2,148.22
Net Cashflows From Investing Activities	-9%	-5,182.51	-4,753.48	-4,358.89
Proceeds from issuing shares	-113.6%	0	8.33	0
Proceeds from borrowings	-	650	0	967
Repayments of borrowings	99.5%	3,712	1,861	2,234
Payments of lease liabilities	34.5%	153	114	50
Dividends paid	40.8%	2,021	1,436	1,089
Interest paid	-20.8%	302	381	479
Net Cashflows from Financing Activities	-46.3%	-5,537.5	-3,783.75	-2,885.19
Effect of exchange rate on cash eq.	-300%	0.12	0.78	0.07
Net change in cash and cash eq.	-5.7%	559	593	-150.32

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-27.5%	544	750	625
Change in inventories	66.6%	-1,752.64	-5,251.96	-2,172.99
Depreciation	8.4%	4,724	4,357	3,508
Unrealised forex losses/gains	-227.7%	-74.33	60	-65.31
Adjustments for interest income	48.8%	785	528	418
Share-based payments	-7.9%	129	140	105
Net Cashflows from Operations	62%	-1,633.85	-4,299.15	10,808
Income taxes paid (refund)	44%	3,996	2,775	1,560
Net Cashflows From Operating Activities	20.4%	-5,629.95	-7,074.02	9,248
Cashflows used in obtaining control of subsidiaries	-91.1%	53	587	42
Proceeds from sales of PPE	98.5%	273	138	120
Purchase of property, plant and equipment	57.8%	9,946	6,305	6,040
Proceeds from sales of long-term assets	12.4%	13,095	11,649	9,080
Purchase of other long-term assets	-4.5%	12,680	13,280	8,287
Dividends received	-13.2%	1,213	1,397	1,247
Interest received	51.6%	703	464	420
Other inflows (outflows) of cash	-87.1%	10	71	175
Net Cashflows From Investing Activities	37%	-5,602.74	-8,900.13	-3,239.18
Proceeds from changes in ownership interests in subsidiaries	-	0	0	-240.28
Payments from changes in ownership interests in subsidiaries	1369.2%	192	14	0
Proceeds from exercise of stock options	-4.3%	0.51	0.53	0.92
Proceeds from issuing debt	300.8%	1,600	400	0
Proceeds from borrowings	10.2%	61,308	55,622	53,880
Repayments of borrowings	26.3%	46,805	37,056	57,223
Payments of lease liabilities	4.7%	786	751	583
Dividends paid	47.7%	2,247	1,522	1,037
Interest paid	-18.7%	597	734	680
Net Cashflows from Financing Activities	-23%	12,281	15,946	-5,882.6
Effect of exchange rate on cash eq.	-139.5%	-12.03	34	-12.77
Net change in cash and cash eq.	21393.8%	1,037	5.82	113

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
MARUTI	Maruti Suzuki IndiaPassenger Cars & Utility Vehicles	3.85 LCr	1.55 LCr	-0.31%	-4.37%	26.5	2.48	+12.10%	+19.51%
TATAMOTORS	Tata MotorsPassenger Cars & Utility Vehicles	2.37 LCr	4.49 LCr	-7.48%	-36.08%	7.35	0.53	+4.54%	+63.08%
EICHERMOT	Eicher Motors2/3 Wheelers	1.53 LCr	19.11 kCr	+3.19%	+21.09%	34.35	7.98	+12.04%	+15.81%
TVSMOTOR	TVS Motor Co.2/3 Wheelers	1.27 LCr	42.98 kCr	+12.71%	+29.55%	60.55	2.95	+15.07%	+22.97%
ASHOKLEY	Ashok LeylandCommercial Vehicles	66.19 kCr	47.69 kCr	+4.68%	+17.00%	21.56	1.39	+4.69%	+19.69%
ESCORTS	Escorts KubotaTractors	36.46 kCr	10.28 kCr	+3.04%	-2.96%	30.64	3.55	+10.05%	+17.38%

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