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Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through five segments: Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services. The company offers commercial vehicles, trucks, buses, vans, passenger cars, utility vehicles, and electric vehicles (EV), as well as motorcycles; aero and defense products; offers construction equipment, such as rotaries, tillers, loaders, and backhoes under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand. It is also involved in the provision of farm equipment, including tractors under the Mahindra, Swaraj, and Trakstar brands, as well as farm mechanization solutions, such as rotavators, cultivators, harvesters, rice transplanters, balers, sprayers, and implements and attachments; and renewable energy business comprising installation of EV chargers and provision of Li-ion batteries. In addition, the company offers financial services, such as fixed deposits, retail and other loans, leasing, SME finance, housing finance, mutual funds, and life and non-life insurance broking services, as well as vehicle and equipment financing; provides logistics services; power backup solutions, including diesel and gas generators; and technology services comprising business process, integrated engineering, infrastructure and cloud, network, application development and maintenance, supply chain digital transformation, and design services. Further, it engages in the sale of timeshare and vacation ownership through its resorts; develops and sells residential properties, and engages in the development, management, and operation of commercial complexes; and processing and trading of steel for automotive, non-automotive, and power industries. The company has a strategic partnership with Embraer S.A. for the development of C-390 Millennium multi-mission military transport aircraft in India. The comp
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| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | 190796.20M | 159777.90M | 140602.30M | 93617.70M | 53477.30M |
| Minority interest | -11440.70M | -10011.80M | -10929.80M | -6756.90M | - |
| Net income | 129291.00M | 112686.40M | 102815.00M | 65773.20M | 18124.90M |
| Selling general administrative | 12478.30M | 10595.80M | 1950.40M | 1831.50M | 1814.60M |
| Selling and marketing expenses | 85532.70M | 77620.50M | 65598.60M | 51505.80M | 39955.00M |
| Gross profit | 630070.30M | 516010.80M | 472809.90M | 372780.80M | 347895.30M |
| Reconciled depreciation | 55581.80M | 45362.60M | 43287.00M | 35026.60M | - |
| Ebit | 281630.10M | 233117.80M | 197316.10M | 142763.70M | 113380.80M |
| Ebitda | 342366.60M | 278480.40M | 240884.20M | 177790.30M | 147052.10M |
| Depreciation and amortization | 60736.50M | 45362.60M | 43568.10M | 35026.60M | 33671.30M |
| Operating income | 240143.10M | 196098.40M | 159886.10M | 111801.90M | 103094.20M |
| Other operating expenses | 1347354.40M | 1161931.90M | 1030517.70M | 772602.50M | 629666.10M |
| Interest expense | 90833.90M | 74882.10M | 58297.00M | 49146.00M | 59903.50M |
| Tax provision | 50064.50M | 37079.70M | 26857.50M | 21087.60M | - |
| Interest income | 12515.60M | 8246.20M | 5222.70M | 4164.90M | - |
| Net interest income | -78318.30M | -66635.90M | -53074.30M | -46015.60M | - |
| Income tax expense | 50064.50M | 37079.70M | 26857.50M | 21087.60M | 16458.10M |
| Total revenue | 1587497.50M | 1358030.30M | 1212685.50M | 892570.50M | 732650.50M |
| Total operating expenses | 389927.20M | 319912.40M | 284061.60M | 251261.10M | 238940.40M |
| Cost of revenue | 957427.20M | 842019.50M | 739875.60M | 519789.70M | 384755.20M |
| Total other income expense net | -49346.90M | -36320.50M | -28511.00M | -25924.50M | -58039.20M |
| Net income from continuing ops | 140731.70M | 122698.20M | 113744.80M | 72530.10M | - |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 2775862.70M | 2363007.30M | 2058917.70M | 1741128.00M | 1664624.90M |
| Intangible assets | 110727.20M | 88504.10M | 69856.70M | 64425.40M | 58581.00M |
| Other current assets | 72030.80M | 53616.10M | 480122.60M | 408596.10M | 390901.90M |
| Total liab | 1884882.70M | 1587913.90M | 1388096.60M | 1172875.40M | 1158102.60M |
| Total stockholder equity | 770388.60M | 661905.50M | 563657.90M | 471226.40M | 415819.20M |
| Other current liab | 166750.50M | 132455.80M | 117908.00M | 103121.60M | 97831.30M |
| Common stock | 5581.50M | 5573.80M | 5568.20M | 5560.60M | 5551.50M |
| Capital stock | 5581.50M | 5573.80M | 5568.20M | 5560.60M | - |
| Retained earnings | 680078.90M | 577178.60M | 481876.10M | 391742.10M | 336679.60M |
| Good will | 23739.00M | 24483.70M | 25489.00M | 13404.00M | 13049.00M |
| Cash | 49238.90M | 45301.00M | 34934.10M | 34875.90M | 33745.90M |
| Total current liabilities | 903220.10M | 755456.50M | 705794.10M | 562883.30M | 514460.10M |
| Current deferred revenue | - | 61464.80M | 62304.10M | 103119.70M | 98847.70M |
| Net debt | 1200254.20M | 1020954.20M | 887534.40M | 741176.20M | 772502.40M |
| Short term debt | 420719.80M | 360919.10M | 343369.60M | 265476.00M | 257182.70M |
| Short long term debt | 414657.60M | 354835.40M | 337396.20M | 260421.20M | - |
| Short long term debt total | 1249493.10M | 1066255.20M | 922468.50M | 776052.10M | 806248.30M |
| Other stockholder equity | 84728.20M | 79153.10M | 76213.60M | 73923.70M | 73588.10M |
| Total current assets | 1265732.70M | 982656.40M | 913254.40M | 751480.00M | 721379.10M |
| Short term investments | 411909.00M | 216932.50M | 239976.40M | 192049.80M | 200577.20M |
| Net receivables | 529244.70M | 480902.10M | 417694.30M | 395274.30M | 381530.40M |
| Long term debt | 797071.90M | 677196.90M | 550273.90M | 486250.60M | - |
| Inventory | 203309.30M | 185904.70M | 168549.70M | 115958.20M | 96154.10M |
| Accounts payable | 308553.00M | 256656.40M | 238356.60M | 190365.50M | 155057.90M |
| Accumulated other comprehensive income | - | - | 2020.10M | 2838.40M | 4855.10M |
| Non currrent assets other | 1065058.90M | 976356.80M | 588238.40M | 442011.30M | 444691.80M |
| Non current assets total | 1510130.00M | 1380350.90M | 1145663.30M | 989648.00M | 943245.80M |
| Capital lease obligations | 37763.60M | 34222.90M | 34798.40M | 29380.30M | - |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | -114434.00M | 9217.40M | -54332.20M | 10507.40M | - |
| Total cashflows from investing activities | -186261.10M | -55977.70M | -85472.60M | -32258.20M | -184467.60M |
| Net borrowings | 179004.20M | 145026.20M | 185668.30M | -33430.50M | - |
| Total cash from financing activities | 158341.10M | 122814.10M | 159461.10M | -58826.00M | 4062.30M |
| Net income | 175422.00M | 148563.60M | 113052.70M | 70918.10M | 30398.00M |
| Change in cash | 3937.90M | 10366.90M | 58.20M | 1130.00M | -13704.40M |
| Begin period cash flow | 45301.00M | 34934.10M | 34875.90M | 33745.90M | 47450.30M |
| End period cash flow | 49238.90M | 45301.00M | 34934.10M | 34875.90M | 33745.90M |
| Total cash from operating activities | 31758.10M | -56299.50M | -70740.20M | 92475.50M | 179088.30M |
| Issuance of capital stock | 20507.30M | 16005.10M | 4005.30M | 9.20M | - |
| Depreciation | 60736.50M | 45362.60M | 43287.00M | 35026.60M | 43988.90M |
| Other cashflows from investing activities | 26178.90M | 26849.00M | 19759.50M | 14101.50M | 21108.00M |
| Dividends paid | 23485.50M | 18105.40M | 12847.50M | 9804.40M | 2643.30M |
| Change to inventory | -16463.50M | -17526.40M | -52519.60M | -21729.90M | 2257.40M |
| Change to account receivables | -209521.80M | - | -29044.70M | -20445.10M | -8914.80M |
| Sale purchase of stock | - | - | 548165.60M | 525601.90M | 349981.60M |
| Other cashflows from financing activities | 2815.10M | -4111.80M | -13365.00M | -15600.30M | 749.90M |
| Capital expenditures | 103919.50M | 99459.90M | 63045.70M | 60398.00M | 59894.90M |
| Change in working capital | -141133.40M | -191750.90M | -199410.40M | 2932.60M | 121711.90M |
| Stock based compensation | 1201.50M | 1288.60M | 1397.50M | 1052.50M | 1328.40M |
| Other non cash items | -64468.50M | -59763.40M | 7500.70M | 6103.80M | 8106.30M |
| Free cash flow | -72161.40M | -155759.40M | -133785.90M | 32077.50M | 119193.40M |
Sector: Consumer Cyclical Industry: Auto Manufacturers
|
Stock Name
|
Change
(GBX) |
Price
(GBX) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MHID Mahindra & Mahindra Limited |
- -% |
29.50 | 0.10 | 21.10 | 0.01 | 4.39 | 2.45 | 11.39 |
| TYT Toyota Motor Corp |
91.38 3.03% |
3102.38 | 0.12 | 11.06 | 0.87 | 1.09 | 1.35 | 9.11 |
| AML Aston Martin Lagonda Global Holdings PLC |
1.68 4.62% |
38.02 | - | 54.95 | 0.32 | 1.23 | 1.38 | 11.81 |
Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through five segments: Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services. The company offers commercial vehicles, trucks, buses, vans, passenger cars, utility vehicles, and electric vehicles (EV), as well as motorcycles; aero and defense products; offers construction equipment, such as rotaries, tillers, loaders, and backhoes under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand. It is also involved in the provision of farm equipment, including tractors under the Mahindra, Swaraj, and Trakstar brands, as well as farm mechanization solutions, such as rotavators, cultivators, harvesters, rice transplanters, balers, sprayers, and implements and attachments; and renewable energy business comprising installation of EV chargers and provision of Li-ion batteries. In addition, the company offers financial services, such as fixed deposits, retail and other loans, leasing, SME finance, housing finance, mutual funds, and life and non-life insurance broking services, as well as vehicle and equipment financing; provides logistics services; power backup solutions, including diesel and gas generators; and technology services comprising business process, integrated engineering, infrastructure and cloud, network, application development and maintenance, supply chain digital transformation, and design services. Further, it engages in the sale of timeshare and vacation ownership through its resorts; develops and sells residential properties, and engages in the development, management, and operation of commercial complexes; and processing and trading of steel for automotive, non-automotive, and power industries. The company has a strategic partnership with Embraer S.A. for the development of C-390 Millennium multi-mission military transport aircraft in India. The comp
| Name | Title | Year Born |
|---|---|---|
| Mr. Anand Gopal Mahindra | Non-Executive Chairman & Member of Group Executive Board | 1955 |
| Dr. Anish Dilip Shah Ph.D. | MD, Group CEO, Member of the Group Executive Board & Director | 1969 |
| Mr. Amarjyoti Barua | President & Group Chief Financial Officer & Member of Executive Board | 1978 |
| Mr. Rajesh Ganesh Jejurikar | Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board | 1964 |
| Mr. Manoj Bhat | Member of Group Executive Board | 1973 |
| Mr. Hemant Sikka | MD & CEO of Mahindra Logistics and Member of Group Exe Board | 1969 |
| Mr. Veejay Ram Nakra | President of Farm Equipment Business & Member of Group Executive Board | NA |
| Mr. Vinod Sahay | Pres of A&D, Trucks, Buses & CE, Chair of SML M&M Adv tech. and Member of Grp Ex. Board | NA |
| Mr. Mohit Kapoor | Group Chief Technology Officer & Member of the Group Executive Board | NA |
| Mr. Amit Kumar Sinha | MD, CEO of Mahindra Holidays and Resorts, Mahindra Lifespaces & Member of Group Executive Board | 1974 |
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