Mahindra & Mahindra Limited
Mahindra & Mahindra Limited operates in Passenger Cars & Utility Vehicles, part of the Automobile and Auto Components sector. It booked ₹58,188 cr of revenue in its latest quarter (Q1 FY27) and kept 9.4% of sales as profit. It is the 2nd largest of 7 Passenger Cars & Utility Vehicles companies we track, by market value.
| Segment | FY20 | FY21 | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Automotive | 0.49 | 0.35 | 0.60 | 0.76 | 0.91 | 1.18 | 50% → 58% |
| Farm Equipment | 0.21 | 0.25 | 0.32 | 0.33 | 0.35 | 0.43 | 22% → 21% |
| Industrial Businesses and Consumer Services | — | — | — | 0.18 | 0.19 | 0.23 | 11% |
| Financial Services | 0.12 | 0.12 | 0.13 | 0.16 | 0.18 | 0.21 | 12% → 10% |
| Hospitality | 0.02 | 0.02 | 0.03 | — | — | — | — |
| Others | 0.13 | 0.12 | 0.17 | — | — | — | — |
| Total | 0.97 | 0.85 | 1.24 | 1.43 | 1.63 | 2.04 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 37% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 9–48 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 34
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers · lowest in its sector on what we could measure
How much of the promoters' stake is pledged, and how much they hold
What if I invest in M&M?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹58,188 cr |
| Other Income | ₹1,016 cr |
| Total Income | ₹59,204 cr |
| Cost of Materials | ₹33,229 cr |
| Purchases of Stock-in-Trade | ₹2,378 cr |
| Inventory Change (±) | ₹724 cr |
| Employee Benefit Expense | ₹3,388 cr |
| Finance Costs | ₹2,560 cr |
| Depreciation & Amortisation | ₹1,760 cr |
| Other Expenses | ₹7,902 cr |
| Total Expenses | ₹51,943 cr |
| Profit before Tax | ₹7,261 cr |
| Tax Expense | ₹1,631 cr |
| Share of JV / Associates | ₹367 cr |
| Net Profit | ₹5,998 cr |
| Net margin on total income | 10.1% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 52,100 cr | 54,982 cr | 58,188 cr |
| Total income | 52,958 cr | 55,977 cr | 59,204 cr |
| Expenses | 46,561 cr | 49,615 cr | 51,943 cr |
| Profit before tax | 6,104 cr | 6,361 cr | 7,261 cr |
| Tax | 1,547 cr | 1,654 cr | 1,631 cr |
| Net profit (owners' share) | 4,675 cr | 4,668 cr | 5,455 cr |
| Net margin (owners' share, on revenue) | 9.0% | 8.5% | 9.4% |
| EPS (₹) | 41.85 | 41.77 | 48.80 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Maruti Suzuki India Limited | ₹12,338 | ₹3.88 L cr | 28.1 | 12.9% | 6.6% | — |
| Mahindra & Mahindra Limitedthis company | ₹3,077 | ₹3.44 L cr | 15.8 | 23.4% | 9.4% | — |
| Hyundai Motor India Limited | ₹2,160 | ₹1.76 L cr | 49.4 | 17.8% | 5.4% | — |
| Tata Motors Passenger Vehicles Limited | ₹315 | ₹1.16 L cr | 37.4 | 2.8% | 0.8% | — |
| FORCE MOTORS LTD | ₹17,650 | ₹23,263 cr | 26.8 | 20.7% | 8.9% | — |
| Olectra Greentech Limited | ₹1,186 | ₹9,738 cr | 93.8 | 8.5% | 4.5% | — |
| Mercury Ev-Tech Limited | ₹41 | ₹776 cr | — | — | 4.9% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹33 / share | 3 Jul 2026 |
| Dividend | ₹25.3 / share | 4 Jul 2025 |
| Dividend | ₹21.1 / share | 5 Jul 2024 |
| Dividend | ₹16.25 / share | 14 Jul 2023 |
| Dividend | ₹11.55 / share | 14 Jul 2022 |
| Dividend | ₹8.75 / share | 15 Jul 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.