Mahindra & Mahindra

NSE: M&M · Automobile

₹3,431.40

▼ -1.96%

HOLD

Illustrative research · not investment advice Demo price · quote unavailable · Fundamentals and research: sample dataset (30 Oct 2026)

Price chart

Illustrative price history · not actual market candles

A. Company overview

SUV and tractor maker.

Market cap

₹1,46,74,011 Cr

Industry / Sector

Automobile

Segments

Website

Visit ↗

AutomotiveFarm EquipmentServices

B. Fundamental analysis (illustrative)

Revenue growth

+20.08%

Net profit growth

+4.88%

Operating margin

27.51%

EBITDA margin

33.86%

ROE

13.26%

ROCE

15.22%

Debt / Equity

1.46

EPS

₹65.22

Operating cash flow

₹1,93,299 Cr

Working capital

₹66,984 Cr

5-year revenue & profit (₹ Cr)

C. Financial statements (illustrative)

₹ Cr	FY22	FY23	FY24	FY25	FY26
Revenue	5,62,244	6,09,595	6,93,083	7,82,375	8,37,303
EBITDA	1,95,808	2,09,672	2,43,573	2,57,921	2,83,495
Net profit	1,22,380	1,31,045	1,52,233	1,61,201	1,77,184
EPS (₹)	45.65	50.87	56.09	61.31	66.52

D. Valuation analysis

P/E

52.61

P/B

1.24

EV/EBITDA

18.21

Price/Sales

8.45

EPS

₹65.22

Dividend yield

1.69%

Peer comparison — Automobile

Company	CMP	P/E	P/B	ROE	D/E
Mahindra & Mahindra	3,431.4	52.61	1.24	13.26%	1.46
Maruti Suzuki	12,502.92	24.78	9.26	22.58%	0.45
Tata Motors	771.19	23.37	10.66	26.67%	1.28
Bajaj Auto	8,617.84	54.51	5.18	27.48%	1.09
Hero MotoCorp	5,437.26	38.83	8.91	24.08%	0.91
Eicher Motors	6,905.4	15.31	1.87	22.8%	0.43
TVS Motor	3,424.14	26.86	11.27	20.85%	0.04

E. Technical analysis

RSI (14)

32.86

MACD

10.03

Support

₹3,259.83

Resistance

₹3,637.28

Volume

1,70,98,737

Illustrative technical charts · not actual market history

Candlestick (last 50 sessions)

Price with 50-DMA & 200-DMA, volume

Fibonacci retracement levels

23.6% · ₹3354.60

38.2% · ₹3286.24

50.0% · ₹3230.99

61.8% · ₹3175.74

F. Shareholding pattern

Promoter68.85%

FII8.7%

DII11.34%

of which Mutual Funds7.88%

Public11.11%

G. SWOT analysis

Strengths

Established position in Automobile
ROE of 13.26% in demo data

Weaknesses

Elevated leverage
Cyclical exposure

Opportunities

Domestic demand growth
Expansion in Automotive

Threats

Regulatory changes
Competitive intensity

Illustrative template points for demonstration.

H. Research conclusion

Financial strength

Moderate leverage to monitor

Business quality

Average capital efficiency

Valuation

Premium valuation

Growth

Sales growth of 20.08%

Risk assessment

Low risk

Overall

Illustrative HOLD opinion · target ₹3,594.26 · stop loss ₹3,060.56

I. Corporate actions

Dividend history (₹/share)

Year	Dividend
FY22	46.39
FY23	49.87
FY24	53.35
FY25	56.83
FY26	60.31

Bonus, splits & announcements

Bonus history: none in demo dataset
Stock split history: none in demo dataset
Board meeting for quarterly results — demo announcement