---
title: "Mahindra & Mahindra (M&M) Share Price, Financials & Research"
symbol: "M&M"
company: "Mahindra & Mahindra Ltd"
canonical: "https://tapetide.com/stocks/M&M"
isin: "INE101A01026"
nse_symbol: "M&M"
bse_code: "500520"
sector: "Automobiles"
industry: "Cars & Utility Vehicles"
generated_at: "2026-11-05T01:32:24.623Z"
---

# Mahindra & Mahindra (M&M)

Canonical page: https://tapetide.com/stocks/M&M

## Key Facts

- **Price:** ₹2,961.90 as of 4 Nov 2026, 15:57 IST
- **P/E (TTM):** 19.94 as of 4 Nov 2026
- **1-year price change:** -17.29% from 4 Nov 2025 to 4 Nov 2026, adjusted for splits and bonuses, dividends excluded
- **Revenue, Jun 2026 quarter:** ₹58,188 Cr, against ₹45,529 Cr in Jun 2025 (+27.80% year on year)
- **Net profit, Jun 2026 quarter:** ₹5,997.6 Cr, against ₹4,376.6 Cr in Jun 2025 (+37.04% year on year)
- **Promoter holding:** 18.39% in Sep 2026, a change of -0.06 percentage points from Jun 2026
- **Tapetide Score:** 51/100, Average band as of 4 Nov 2026

## Company

- **NSE symbol:** M&M
- **BSE code:** 500520
- **ISIN:** INE101A01026
- **Macro sector:** Consumer Discretionary
- **Sector:** Automobiles
- **Industry:** Cars & Utility Vehicles
- **Basic industry:** Passenger Cars & Utility Vehicles
- **In the F&O segment:** Yes

## Latest Price

- **Price:** ₹2,961.90
- **Change:** No trade today
- **Previous Close:** ₹2,961.90
- **As of:** 4 Nov 2026, 15:57 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 15:57 IST · EPS basis: Consolidated · TTM.

- **ROCE:** 15.10%
- **Debt to Equity:** 1.47
- **EPS (TTM):** ₹148.52
- **Book Value:** ₹749.15
- **P/E (TTM):** 19.94
- **P/B:** 3.95
- **ROE:** 20.30%
- **Dividend Yield:** 1.13%
- **EBITDA:** ₹40,426 Cr
- **52W High:** ₹3,839.90
- **52W Low:** ₹2,744.30

## Peer Comparison

Classification: Consumer Discretionary › Automobiles › Cars & Utility Vehicles › Passenger Cars & Utility Vehicles

| Company | Price | P/E | Market Cap | P/B | Div Yield | ROE | ROCE | Sales TTM | Net Profit TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| [Maruti Suzuki India Ltd (MARUTI)](https://tapetide.com/stocks/MARUTI) | ₹11,995.00 | 28.04 | ₹3,73,667 Cr | 3.46 | 1.18% | 14.30% | 18.90% | ₹2,08,192 Cr | ₹13,451 Cr |
| [Mahindra & Mahindra Ltd (M&M)](https://tapetide.com/stocks/M&M) (this company) | ₹2,961.90 | 19.94 | ₹3,64,230 Cr | 3.95 | 1.13% | 20.30% | 15.10% | ₹2,11,375 Cr | ₹20,243 Cr |
| [Hyundai Motor India Ltd (HYUNDAI)](https://tapetide.com/stocks/HYUNDAI) | ₹2,063.00 | 36.64 | ₹1,64,832 Cr | 8.23 | 1.03% | 29.90% | 38.40% | ₹73,920 Cr | ₹4,575 Cr |
| [Tata Motors Passenger Vehicles Ltd (TMPV)](https://tapetide.com/stocks/TMPV) | ₹278.50 | — | ₹1,02,686 Cr | 0.92 | 1.08% | 75.70% | 2.73% | ₹3,43,703 Cr | ₹79,502 Cr |
| [Force Motors Ltd (FORCEMOT)](https://tapetide.com/stocks/FORCEMOT) | ₹18,148.00 | 19.10 | ₹23,063 Cr | 5.16 | 0.28% | 26.10% | 36.00% | ₹9,200 Cr | ₹1,253 Cr |
| [Olectra Greentech Ltd (OLECTRA)](https://tapetide.com/stocks/OLECTRA) | ₹1,058.70 | 48.99 | ₹8,392 Cr | 7.10 | 0.06% | 15.60% | 21.00% | ₹2,540 Cr | ₹180 Cr |
| Median of 6 companies | ₹2,512.45 | 28.04 | ₹1,33,759 Cr | 4.56 | 1.06% | 23.20% | 19.95% | ₹1,41,056 Cr | ₹9,013 Cr |

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

## Tapetide Score

Data-driven rating, 0–100, as of 4 Nov 2026.

- **Score:** 51/100 (Average)
- **Data confidence:** 100/100

### Category scores

| Category | Score | Band | Weight | Measures |
| --- | ---: | --- | ---: | --- |
| Quality | 40 | Weak | 22% | Returns, margins, earnings quality |
| Valuation | 81 | Strong | 24% | Cheap vs sector & own history |
| Growth | 78 | Strong | 9% | Sales & profit trajectory |
| Financial Health | 19 | Poor | 9% | Solvency, leverage, coverage |
| Momentum | 21 | Poor | 12% | Trend strength, vol-adjusted |
| Ownership | 50 | Average | 24% | FII/DII/promoter flows |

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

## Key Insights

### Strengths

- Company has delivered good profit growth of 50.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.4%

### Weaknesses

- Stock is trading at 3.76 times its book value
- Promoter holding is low: 18.4%

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Bearish | 8 | 4 | 7 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |

### Oscillators: Bullish

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | 55.65 | Neutral |
| MACD (12,26,9) | -24.54 | Bullish |
| Stochastic (14,3,3) | 77.96 | Neutral |
| ADX (14) | 35.15 | Bullish |
| Williams %R (14) | 0.00 | Bearish |
| ATR (14) | 62.81 | Neutral |
| ROC (12) | 1.40 | Bullish |
| Stoch RSI (14) | 100.00 | Bearish |
| UO (7,14,28) | 61.28 | Neutral |

### Moving Averages: Strong Bearish

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | 2,877.57 | Bullish |
| EMA (10) | 2,889.64 | Bullish |
| SMA (20) | 2,858.64 | Bullish |
| EMA (20) | 2,895.60 | Bullish |
| SMA (50) | 3,013.80 | Bearish |
| EMA (50) | 2,985.36 | Bearish |
| SMA (100) | 3,125.23 | Bearish |
| EMA (100) | 3,075.68 | Bearish |
| SMA (200) | 3,190.31 | Bearish |
| EMA (200) | 3,148.01 | Bearish |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 3,044.84 | 3,003.37 | 2,979.01 |
| R2 | 3,003.37 | 2,979.61 | 2,973.30 |
| R1 | 2,982.64 | 2,964.93 | 2,967.60 |
| PP | 2,941.17 | 2,941.17 | 2,941.17 |
| S1 | 2,920.44 | 2,917.41 | 2,956.20 |
| S2 | 2,878.97 | 2,902.73 | 2,950.50 |
| S3 | 2,858.24 | 2,878.97 | 2,944.80 |

## Analyst Rating

Based on 34 analysts. 33 of 34 analysts rate Buy, 1 Hold, 0 Sell. As of 4 Nov 2026.

| Rating | Analysts | Share |
| --- | ---: | ---: |
| Buy | 33 | 97% |
| Hold | 1 | 3% |
| Sell | 0 | 0% |

## Growth Rate

Growth computed from the financial statements below. A window with no rate gives the reason instead of a figure.

| Metric | Window | Growth | What it compares |
| --- | --- | ---: | --- |
| Revenue | 10Y | 10.11% | compounded annual rate, Mar 2016 to Mar 2026 |
| Revenue | 5Y | 21.74% | compounded annual rate, Mar 2021 to Mar 2026 |
| Revenue | 3Y | 17.85% | compounded annual rate, Mar 2023 to Mar 2026 |
| Revenue | 1Y | 24.76% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Revenue | TTM | 26.18% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Net profit | 10Y | 18.01% | compounded annual rate, Mar 2016 to Mar 2026 |
| Net profit | 5Y | 65.23% | compounded annual rate, Mar 2021 to Mar 2026 |
| Net profit | 3Y | 17.86% | compounded annual rate, Mar 2023 to Mar 2026 |
| Net profit | 1Y | 32.32% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Net profit | TTM | 35.82% | four quarters to Jun 2026 vs the four to Jun 2025 |
| Operating cash flow | 10Y | 17.2% | compounded annual rate, Mar 2016 to Mar 2026 |
| Operating cash flow | 5Y | -8.23% | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating cash flow | 3Y | Turned positive | compounded annual rate, Mar 2023 to Mar 2026: -₹7,074 Cr to ₹11,657 Cr. A cash outflow at the start and an inflow at the end. |
| Operating cash flow | 1Y | 267% | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating cash flow | TTM | — | four quarters to Jun 2026 vs the four to Jun 2025. Reported once a year, so there is no trailing-twelve-month figure. |
| Operating margin | 10Y | +5.33 pp | compounded annual rate, Mar 2016 to Mar 2026 |
| Operating margin | 5Y | +3.16 pp | compounded annual rate, Mar 2021 to Mar 2026 |
| Operating margin | 3Y | +1.87 pp | compounded annual rate, Mar 2023 to Mar 2026 |
| Operating margin | 1Y | -0.55 pp | fiscal year to Mar 2026 vs the year to Mar 2025 |
| Operating margin | TTM | +0.02 pp | four quarters to Jun 2026 vs the four to Jun 2025 |

## Analyst Forecasts

Consensus of analyst estimates, as of 4 Nov 2026. Low and High are the range of the estimates, not a confidence interval.

### EBITDA (quarterly)

Sep 2026 consensus: ₹5,255 Cr.

Analyst consensus here uses a different definition from reported ebitda (they differ 2.0x on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| Sep 2026 | ₹5,255 Cr | ₹4,768 Cr | ₹6,907 Cr |
| Dec 2026 | ₹5,868 Cr | ₹5,844 Cr | ₹5,908 Cr |
| Mar 2027 | ₹5,811 Cr | ₹5,644 Cr | ₹5,956 Cr |
| Jun 2027 | ₹5,893 Cr | ₹5,893 Cr | ₹5,893 Cr |

### EPS (quarterly)

Sep 2026 consensus: ₹38.62 (-20.9% vs ₹48.80 in Jun 2026).

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| Sep 2026 | ₹38.62 | ₹32.48 | ₹42.20 |
| Dec 2026 | ₹34.38 | ₹34.30 | ₹34.46 |
| Mar 2027 | ₹36.55 | ₹32.15 | ₹40.94 |
| Jun 2027 | ₹34.28 | ₹34.28 | ₹34.28 |

### Net Income (quarterly)

Sep 2026 consensus: ₹4,614 Cr (-23.1% vs ₹5,998 Cr in Jun 2026).

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| Sep 2026 | ₹4,614 Cr | ₹4,014 Cr | ₹4,890 Cr |
| Dec 2026 | ₹4,178 Cr | ₹4,114 Cr | ₹4,243 Cr |
| Mar 2027 | ₹4,018 Cr | ₹3,919 Cr | ₹4,116 Cr |

### Price (quarterly)

Mar 2027 consensus: ₹4,141.14 (+40.4% vs ₹2,950.00 in Sep 2026).

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| Mar 2027 | ₹4,141.14 | ₹3,237.00 | ₹4,875.00 |

### Revenue (quarterly)

Sep 2026 consensus: ₹41,907 Cr (-28.9% vs ₹58,917 Cr in Jun 2026).

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| Sep 2026 | ₹41,907 Cr | ₹39,560 Cr | ₹43,638 Cr |
| Dec 2026 | ₹44,499 Cr | ₹43,661 Cr | ₹44,950 Cr |
| Mar 2027 | ₹44,111 Cr | ₹43,124 Cr | ₹45,327 Cr |
| Jun 2027 | ₹45,494 Cr | ₹45,494 Cr | ₹45,494 Cr |

### ROA (annual)

FY27 consensus: 13.9%.

Analyst consensus here uses a different definition from reported roa (they differ 1.7x on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| FY27 | 13.9% | 10.4% | 18.8% |
| FY28 | 14.8% | 11.6% | 19.2% |

### ROE (annual)

FY27 consensus: 20.2% (+3.2 pp vs 17.0% in FY26).

| Period | Mean | Low | High |
| --- | ---: | ---: | ---: |
| FY27 | 20.2% | 15.5% | 22.2% |
| FY28 | 19.8% | 15.2% | 23.1% |

## AI Analysis — Bull vs Bear

AI-generated opinion, based on fundamentals. Figures as of 30 Oct 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy.

- **Risk (AI assessment):** Medium

Mahindra & Mahindra Ltd trades at ₹2,840.30 as of 2026-10-30 with a market capitalisation of ₹3,53,199 crore and a trailing PE of 19.12. The company has delivered 51% compounded profit growth over five years alongside 22% compounded sales growth over the same period, while its stock is currently 26% below its 52-week high of ₹3,839.90.

### Bull Case

- Strong five-year compounded profit growth of 51%, well above the ten-year rate of 19%, indicating an acceleration in earnings
- TTM sales growth of 26% and three-year compounded sales growth of 18% reflect sustained top-line momentum
- TTM profit growth of 38% demonstrates continued earnings expansion in the most recent period
- ROE of 17.01% as of 2026-10-30, supported by a three-year average ROE of 19% and last-year ROE of 20%, points to efficient capital utilisation
- ROCE of 17.26% indicates the company is generating healthy returns on total capital employed
- Trailing PE of 19.12 is moderate relative to the company's 23% three-year profit CAGR, suggesting earnings growth has kept pace with valuation
- Consistent dividend payout of 21.4% with a current dividend yield of 1.14% provides a degree of shareholder return
- Stock is trading at ₹2,840.30, roughly 3.5% above its 52-week low of ₹2,744.30, which may appeal to value-oriented investors looking at the historical range

### Bear Case

- Stock has declined 19% over the past one year on a CAGR basis, significantly underperforming its own five-year stock CAGR of 25%
- Promoter holding is low at 18.4%, which can raise governance and alignment-of-interest concerns
- Debt-to-equity ratio of 1.47 indicates meaningful leverage on the balance sheet, increasing financial risk in a downturn
- The stock is 26% below its 52-week high of ₹3,839.90, reflecting a significant correction and potential shift in market sentiment
- Ten-year compounded sales growth of 10% is notably lower than recent rates, suggesting the current growth pace may not be sustainable over longer cycles
- Despite strong profit growth, dividend yield at 1.14% remains modest, limiting near-term income for yield-focused investors

This is AI-generated analysis, not financial advice. Do your own due diligence.

## AI News Digest

AI-generated summary of recent news, generated 4 Nov 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy.

**TL;DR:** M&M's auto business is firing on all cylinders with record October vehicle sales of 131,109 units, 77% export growth, and strong Q2 production at 1.22 lakh units. The key risk is the Farm Equipment segment where tractor sales declined 12% YoY, though management attributes this to a Diwali calendar shift rather than structural weakness. Subsidiary M&M Financial faces margin pressure from rising funding costs despite solid profit growth. The trend is improving on the automotive side with record SUV volumes, strong exports, and new product traction, and the upcoming Q2 results on November 5 should confirm whether margin recovery accompanies the volume momentum.

### Headwinds

- **Tractor sales down 12% YoY** (Nov 02): Farm Equipment domestic tractor sales fell 13% YoY to 62,626 units in October 2026, with total tractor sales at 64,846 units, down 12% YoY. Management attributed the decline to the Diwali calendar shift.
- **EBITDA margin contraction in Q1** (Oct 09): Q1 FY27 standalone EBITDA margin contracted to 12.2% from 13.9% a year earlier, missing the consensus estimate of 12.8%. EBITDA of ₹5,111 crore fell short of the ₹5,353 crore estimate despite revenue beating expectations.

### Positives

- **Record Oct vehicle sales 131K units** (Nov 01): M&M achieved record total vehicle sales of 131,109 units in October 2026, up 9% YoY and beating the analyst estimate of 125,800 units. SUV domestic sales hit an all-time high of 73,338 units.
- **Exports surge 77% YoY** (Nov 02): Total exports surged 77% YoY to 7,102 units in October 2026, while three-wheeler domestic sales grew 38% YoY, reflecting strong demand diversification beyond core SUV segment.
- **Q2 production up 19% to 1.22L** (Oct 09): Q2 FY27 production rose 19.2% YoY to 1.22 lakh units and sales grew 16.3% to 1.14 lakh units, demonstrating robust capacity utilization and sustained demand.
- **Strong Q1 consolidated PAT growth** (Oct 09): Consolidated PAT surged to ₹5,997.56 crore in Q1 FY27 from ₹4,376.5 crore YoY, with consolidated revenue jumping to ₹57,533 crore from ₹45,436 crore. Standalone net profit rose 6.8% YoY to ₹3,685 crore, beating estimates.
- **CNG portfolio gaining traction** (Nov 01): M&M's first CNG vehicle, the XUV 3XO ZNG, is seeing strong customer traction, expanding the company's alternative fuel vehicle portfolio alongside its EV lineup.

### Neutral

- **Q2 FY27 analyst meet Nov 5** (Oct 15): M&M will conduct its Q2 FY27 analyst meeting on November 5, 2026 in Mumbai as a hybrid event requiring pre-registration for webcast access.
- **NY institutional roadshow held** (Oct 09): M&M participated in a Non-Deal Roadshow in New York on October 8, 2026, presenting its Q1 FY27 analyst deck to institutional investors.

## Financial Statements

### Quarterly Results

Figures in ₹ crore unless the row name gives another unit.

| Item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 33,892 | 34,436 | 35,299 | 35,452 | 37,218 | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | 58,188 |
| Expenses | 27,642 | 28,706 | 29,075 | 28,848 | 29,975 | 30,790 | 33,239 | 34,658 | 37,117 | 37,166 | 41,939 | 44,855 | 47,360 |
| Operating Profit | 6,249 | 5,730 | 6,224 | 6,604 | 7,243 | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 | 10,160 | 10,127 | 10,827 |
| OPM % | 18% | 17% | 18% | 19% | 19% | 19% | 20% | 19% | 18% | 19% | 20% | 18% | 19% |
| Other Income | 1,065 | 812 | 756 | 750 | 733 | 1,126 | 719 | 1,110 | 1,210 | 1,134 | 976 | 1,137 | 1,121 |
| Interest | 1,719 | 1,835 | 1,945 | 1,989 | 2,108 | 2,217 | 2,362 | 2,397 | 2,431 | 2,347 | 2,405 | 2,407 | 2,560 |
| Depreciation | 1,128 | 1,139 | 1,123 | 1,335 | 1,248 | 1,302 | 1,495 | 2,029 | 1,548 | 1,669 | 2,163 | 1,943 | 1,760 |
| Profit before tax | 4,468 | 3,568 | 3,912 | 4,030 | 4,621 | 4,740 | 5,092 | 4,627 | 5,644 | 6,058 | 6,569 | 6,914 | 7,628 |
| Tax % | 18% | 30% | 24% | 22% | 23% | 29% | 29% | 23% | 22% | 35% | 24% | 24% | 21% |
| Net Profit | 3,684 | 2,484 | 2,977 | 3,125 | 3,546 | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | 5,998 |
| EPS in Rs | 28.21 | 18.88 | 21.38 | 22.15 | 26.4 | 25.5 | 25.58 | 26.5 | 32.84 | 29.54 | 37.59 | 37.53 | 43.86 |

### Profit & Loss

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Sales | 71,448 | 75,841 | 83,773 | 92,094 | 1,04,721 | 75,382 | 74,278 | 90,171 | 1,21,362 | 1,39,078 | 1,59,211 | 1,98,639 | 2,11,375 |
| Expenses | 62,655 | 65,759 | 73,038 | 78,868 | 89,514 | 65,224 | 62,791 | 75,488 | 1,01,037 | 1,14,186 | 1,28,693 | 1,61,659 | 1,71,321 |
| Operating Profit | 8,793 | 10,082 | 10,735 | 13,226 | 15,207 | 10,158 | 11,487 | 14,683 | 20,325 | 24,892 | 30,518 | 36,980 | 40,054 |
| OPM % | 12% | 13% | 13% | 14% | 15% | 13% | 15% | 16% | 17% | 18% | 19% | 19% | 19% |
| Other Income | 800 | 1,399 | 2,077 | 4,366 | 2,676 | 885 | 1,152 | 3,204 | 3,922 | 3,298 | 3,718 | 5,118 | 4,369 |
| Interest | 3,157 | 3,368 | 3,648 | 3,987 | 5,021 | 6,021 | 6,102 | 5,018 | 5,830 | 7,488 | 9,083 | 9,591 | 9,720 |
| Depreciation | 2,124 | 2,442 | 2,813 | 3,280 | 3,991 | 3,367 | 3,378 | 3,508 | 4,357 | 4,724 | 6,074 | 7,322 | 7,535 |
| Profit before tax | 4,313 | 5,672 | 6,350 | 10,326 | 8,871 | 1,655 | 3,158 | 9,362 | 14,060 | 15,978 | 19,080 | 25,185 | 27,169 |
| Tax % | 40% | 37% | 36% | 23% | 32% | 119% | 52% | 23% | 19% | 23% | 26% | 26% | — |
| Net Profit | 3,381 | 3,554 | 4,051 | 7,958 | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,270 | 14,073 | 18,622 | 20,243 |
| EPS in Rs | 25.26 | 25.35 | 29.77 | 60.41 | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 | 90.62 | 104 | 138 | 149 |
| Dividend Payout % | 23% | 21% | 22% | 11% | 17% | 205% | 54% | 20% | 18% | 21% | 22% | 22% | — |

### Balance Sheet

Figures in ₹ crore unless the row name gives another unit.

| Item | 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 | 296 | 270 | 311 | 543 | 544 | 554 | 555 | 556 | 557 | 557 | 558 | 559 |
| Reserves | 25,561 | 26,222 | 29,467 | 36,232 | 39,439 | 39,415 | 41,027 | 46,567 | 55,809 | 65,633 | 76,481 | 92,538 |
| Borrowings | 37,911 | 41,553 | 48,762 | 55,898 | 70,848 | 82,092 | 80,625 | 77,605 | 92,647 | 1,08,647 | 1,29,025 | 1,36,936 |
| Other Liabilities | 30,608 | 31,806 | 35,296 | 43,696 | 51,057 | 43,655 | 42,762 | 47,661 | 55,270 | 59,884 | 69,950 | 86,021 |
| Total Liabilities | 94,376 | 99,852 | 1,13,835 | 1,36,369 | 1,61,889 | 1,65,716 | 1,64,968 | 1,72,388 | 2,04,283 | 2,34,722 | 2,76,013 | 3,16,054 |
| Fixed Assets | 19,047 | 20,585 | 20,989 | 26,182 | 28,983 | 29,689 | 21,380 | 26,018 | 27,140 | 28,129 | 34,636 | 38,459 |
| CWIP | 3,032 | 2,371 | 4,279 | 4,269 | 4,760 | 6,856 | 7,873 | 6,703 | 3,969 | 8,039 | 8,298 | 7,740 |
| Investments | 10,027 | 11,603 | 14,662 | 16,018 | 18,268 | 19,210 | 28,778 | 30,060 | 35,272 | 35,208 | 41,309 | 40,324 |
| Other Assets | 62,270 | 65,293 | 73,905 | 89,900 | 1,09,878 | 1,09,960 | 1,06,938 | 1,09,607 | 1,37,902 | 1,63,345 | 1,91,771 | 2,29,531 |
| Total Assets | 94,376 | 99,852 | 1,13,835 | 1,36,369 | 1,61,889 | 1,65,716 | 1,64,968 | 1,72,388 | 2,04,283 | 2,34,722 | 2,76,013 | 3,16,054 |

### Cash Flow

Figures in ₹ crore unless the row name gives another unit.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash from Operating Activity | 1,055 | 2,385 | 183 | 682 | -4,347 | -1,457 | 17,909 | 9,248 | -7,074 | -5,630 | 3,176 | 11,657 |
| Cash from Investing Activity | -4,357 | -5,506 | -5,875 | -5,467 | -7,174 | -6,870 | -19,686 | -3,252 | -8,866 | -5,615 | -18,616 | -17,680 |
| Cash from Financing Activity | 1,669 | 2,967 | 6,108 | 6,314 | 13,194 | 6,933 | 406 | -5,883 | 15,946 | 12,281 | 15,834 | 5,391 |
| Net Cash Flow | -1,633 | -154 | 416 | 1,529 | 1,672 | -1,394 | -1,370 | 113 | 6 | 1,037 | 394 | -632 |
| Free Cash Flow | -3,661 | -1,729 | -4,780 | -5,109 | -11,546 | -8,251 | 13,283 | 3,328 | -13,241 | -15,303 | -6,633 | 2,545 |
| CFO/OP | 31 | 43 | 20 | 25 | -9 | 8 | 172 | 74 | -21 | -7 | 26 | 48 |

### Ratios

| Item | 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 | 28 | 28 | 31 | 34 | 30 | 34 | 30 | 26 | 21 | 20 | 19 | 17 |
| Inventory Days | 72 | 74 | 64 | 64 | 74 | 106 | 91 | 82 | 83 | 81 | 78 | 65 |
| Days Payable | 97 | 108 | 107 | 125 | 127 | 142 | 147 | 134 | 118 | 112 | 118 | 112 |
| Cash Conversion Cycle | 3 | -6 | -11 | -27 | -23 | -3 | -26 | -27 | -13 | -11 | -21 | -30 |
| Working Capital Days | -5 | -3 | -2 | -8 | -14 | -20 | -11 | -13 | -14 | -8 | -14 | -40 |
| ROCE % | 11% | 13% | 12% | 13% | 12% | 7% | 8% | 11% | 13% | 14% | 14% | 15% |

## Shareholding Pattern

- **Promoter pledge:** 0.01% of promoter holding pledged (as of 30 Sep 2026)

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | 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 | Jun 2026 | Sep 2026 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Promoters | 19.45% | 19.46% | 19.46% | 19.47% | 19.47% | 19.45% | 19.38% | 19.39% | 19.37% | 19.37% | 19.34% | 19.32% | 18.59% | 18.56% | 18.54% | 18.48% | 18.45% | 18.44% | 18.44% | 18.44% | 18.45% | 18.45% | 18.39% |
| FIIs | 38.93% | 40.05% | 38.92% | 38.66% | 37.30% | 37.94% | 38.27% | 39.16% | 39.24% | 40.14% | 40.26% | 40.87% | 41.75% | 41.89% | 41.19% | 38.91% | 38.30% | 38.54% | 38.04% | 37.49% | 36.22% | 34.89% | 33.35% |
| DIIs | 27.35% | 26.12% | 27.08% | 27.81% | 28.78% | 28.93% | 28.51% | 27.73% | 27.65% | 26.87% | 26.79% | 26.26% | 26.13% | 26.18% | 27.05% | 29.22% | 29.79% | 29.59% | 29.96% | 30.44% | 31.50% | 32.65% | 34.24% |
| Government | 0.24% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| Public | 9.91% | 10.20% | 10.40% | 9.95% | 10.40% | 9.66% | 9.84% | 9.77% | 9.81% | 9.72% | 9.74% | 9.71% | 9.70% | 9.57% | 9.46% | 9.67% | 9.78% | 9.77% | 9.93% | 10.04% | 10.25% | 10.47% | 10.50% |
| Others | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m | n/m |
| No. of Shareholders | 4,44,750 | 4,44,750 | 5,31,369 | 5,81,779 | 5,68,603 | 6,32,816 | 5,81,288 | 6,49,341 | 6,47,141 | 6,36,984 | 6,75,621 | 6,90,006 | 7,21,672 | 7,56,259 | 7,99,531 | 8,55,175 | 8,95,699 | 8,64,189 | 8,81,154 | 8,85,061 | 9,41,478 | 9,89,776 | 9,94,602 |

n/m: Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

## Documents

### Concalls

Latest 12 of 108.

| Month | Call documents |
| --- | --- |
| Aug 2026 | [Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f451beeb-32aa-45da-8e1a-417884693047.pdf), [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea7efb7f-b77f-4483-bc73-9c1adae3c793.pdf) |
| Jul 2026 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cf125aa-9deb-410e-b1f3-ac57631849b3.pdf), [Recording](https://www.youtube.com/watch?v=kZBO0H9JNuU) |
| Jul 2026 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea7efb7f-b77f-4483-bc73-9c1adae3c793.pdf) |
| May 2026 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90add0cf-bd24-47d6-a053-07039647a6cc.pdf) |
| May 2026 | [Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d65d81e-ab74-4196-8fc3-f78ef9e3af9d.pdf), [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fbee3310-987a-46cf-b542-1cc488c5e93e.pdf) |
| Feb 2026 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=177f1be8-8639-4e5a-8193-3910f5f8ea05.pdf) |
| Feb 2026 | [Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ceb5575-dd97-489b-9c43-5e0c1deff006.pdf), [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=227944e5-3806-4560-9524-2401fb9c611f.pdf) |
| Nov 2025 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=579f8c3c-ca46-4c97-bde1-c83e9946cffc.pdf) |
| Nov 2025 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa8346b7-f8e2-48de-87bf-954bd15d5453.pdf) |
| Nov 2025 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe485968-e34a-490b-ae7e-d760ed577004.pdf) |
| Nov 2025 | [Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a935377d-5627-472b-8cd6-605b32ea0cb6.pdf), [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b129dfdc-5049-4362-906c-c36363e8afd4.pdf) |
| Nov 2025 | [PPT](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2090050c-495b-49e2-8698-ac3fd8f668db.pdf) |

### Results

Latest 12 of 34.

| Date | Document |
| --- | --- |
| 30 Jul 2026 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The First Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d245a34-af34-4d85-99c4-a945bff07d52.pdf) |
| 5 May 2026 | [Audited Standalone And Consolidated Financial Results Of The Company For The Fourth Quarter And Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87b05eb6-4687-4595-8422-b911879db61d.pdf) |
| 11 Feb 2026 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Third Quarter And Nine Months Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=722d1b54-251f-4bcd-a235-6b39c16c5d3e.pdf) |
| 4 Nov 2025 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The Second Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=588ff5f6-7966-4b6a-82ca-35106ad0400c.pdf) |
| 30 Jul 2025 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The First Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dfc7f8ce-b986-46ab-a563-3dc9fcd298cc.pdf) |
| 5 May 2025 | [Outcome Of Board Meeting Of Mahindra & Mahindra Limited Held On 5Th May 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79fc4a13-9ebf-4ee5-a9f8-24cd0d0ae119.pdf) |
| 7 Feb 2025 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Third Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3c5c514-4441-4df9-8134-d14f75e06ed7.pdf) |
| 7 Nov 2024 | [Outcome Of Board Meeting Of Mahindra & Mahindra Limited Held On 7Th November, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a65e01f3-ff9e-42ed-b593-5561ae2b9a65.pdf) |
| 31 Jul 2024 | [Outcome Of Board Meeting Of Mahindra & Mahindra Limited Held On 31St July, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2761bb6-9ed2-4f70-92d4-9f444c743b63.pdf) |
| 16 May 2024 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=327af9ed-ba22-4000-89ac-c64ae57fc189.pdf) |
| 14 Feb 2024 | [Outcome Of Board Meeting Of Mahindra & Mahindra Limited Held On 14Th February, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa47fadb-c93f-46b7-8f01-54c1209c7130.pdf) |
| 10 Nov 2023 | [Outcome Of Board Meeting Of Mahindra & Mahindra Limited Held On 10Th November, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66c79420-ae44-46e1-9bba-9ae01f08a254.pdf) |

### Annual reports

Latest 12 of 15.

| Year | Report |
| --- | --- |
| FY2026 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44de8025-5ba1-4dfd-b7ef-ed83aa31bd7e.pdf) |
| FY2025 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=525dfa1c-b55e-4f2e-9367-66d688d0bd0c.pdf) |
| FY2024 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09ee6a86-fe09-444c-baf3-b7e68b0775ee.pdf) |
| FY2023 | [Annual report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9efa854-7626-4293-ac1d-addade375332.pdf) |
| FY2022 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/73446500520.pdf) |
| FY2021 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/68784500520.pdf) |
| FY2020 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/5005200320.pdf) |
| FY2019 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/5005200319.pdf) |
| FY2018 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/5005200318.pdf) |
| FY2017 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/5005200317.pdf) |
| FY2016 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/5005200316.pdf) |
| FY2015 | [Annual report](https://www.bseindia.com/bseplus/AnnualReport/500520/5005200315.pdf) |

### Credit ratings

| Date | Document |
| --- | --- |
| 28 Sep 2026 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=145874) |
| 18 Sep 2026 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/MahindraandMahindraLimited_September%2018_%202026_RR_404981.html) |
| 7 Sep 2026 | [Credit rating update — India Ratings](https://www.indiaratings.co.in/pressrelease/85139) |
| 3 Dec 2025 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202512121217_Mahindra_&_Mahindra_Limited.pdf) |
| 16 Oct 2025 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/MahindraandMahindraLimited_October%2016_%202025_RR_380923.html) |
| 29 Sep 2025 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=138071) |
| 29 Sep 2025 | [Credit rating update — CARE Ratings](https://www.careratings.com/upload/CompanyFiles/PR/202509120922_Mahindra_&_Mahindra_Limited.pdf) |
| 19 Sep 2025 | [Credit rating update — CRISIL](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/MahindraandMahindraLimited_September%2019_%202025_RR_378815.html) |
| 4 Aug 2025 | [Credit rating update — ICRA](https://www.icra.in/Rationale/ShowRationaleReport/?Id=136857) |

### Exchange filings

Latest 12 of 190.

| Date | Document | Category |
| --- | --- | --- |
| 3 Nov 2026 | [Intimation Regarding The Change In The Address Of The Corporate Office Of The Registrar To An Issue And Share Transfer Agent](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68803c43-5a24-475f-a708-72da67cb3d6a.pdf) | General announcements |
| 1 Nov 2026 | [Announcement under Regulation 30 (LODR)-Monthly Business Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23ab274e-6ab2-42ab-9d40-d13db82fe2d3.pdf) | General announcements |
| 29 Oct 2026 | [Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d89568e-2040-457b-ae07-e15484116093.pdf) | General announcements |
| 21 Oct 2026 | [Transfer Of Equity Shares By Mahindra & Mahindra Employees Stock Option Trust To The Stock Option Grantees](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83a1f38d-6192-4527-9d12-fcbf319d7911.pdf) | General announcements |
| 17 Oct 2026 | [Announcement Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f632519d-7623-4358-9f18-f14b8cd2cde7.pdf) | General announcements |
| 16 Oct 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c3ff6ac-afb4-4f70-9dcb-cd532a5b5b0d.pdf) | General announcements |
| 15 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06d7ee7d-54f0-4212-a569-d8a00d986150.pdf) | General announcements |
| 13 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0a43f65-5c61-4cb3-84a0-cf050206c80b.pdf) | General announcements |
| 10 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9698a886-08c3-4080-84a8-a249ff582b8b.pdf) | General announcements |
| 9 Oct 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f485f26-f8a3-4e54-934e-a916b45f595b.pdf) | General announcements |
| 9 Oct 2026 | [Report For The Month Of September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ce1a939-c888-418f-85da-971030430db6.pdf) | General announcements |
| 9 Oct 2026 | [Announcement under Regulation 30 (LODR)-Diversification / Disinvestment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac5c0cc3-da3a-49b5-8986-f721ef92322b.pdf) | General announcements |

## Frequently Asked Questions about Mahindra & Mahindra

### What does Mahindra & Mahindra Ltd do?

Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers.

### Where is Mahindra & Mahindra Ltd (M&M) listed?

Mahindra & Mahindra Ltd trades as M&M on the NSE and under code 500520 on the BSE.

### Which sector does Mahindra & Mahindra Ltd belong to?

Mahindra & Mahindra Ltd is classified under the Automobiles sector, in the Cars & Utility Vehicles industry.

### What is the PE ratio of Mahindra & Mahindra Ltd?

Mahindra & Mahindra Ltd trades at a PE ratio of 19.94 as of 4 Nov 2026, on earnings per share of ₹148.52, against a book value of ₹749.15 per share.

### What is the 52-week high and low of Mahindra & Mahindra Ltd?

Over the last 52 weeks Mahindra & Mahindra Ltd has traded between ₹2,744.3 and ₹3,839.9 as of 4 Nov 2026.

### Does Mahindra & Mahindra Ltd pay dividends?

Mahindra & Mahindra Ltd has a dividend yield of 1.13%.

### What is the Return on Equity (ROE) of Mahindra & Mahindra Ltd?

Mahindra & Mahindra Ltd reported a return on equity of 20.30%. Its debt-to-equity ratio is 1.47.

## Company Information

Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. It also has presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, agri, aerospace, consulting services, defence, energy and industrial equipment through its subsidiaries and group companies. It was incorporated in 1945 by Ghulam Mohammad and two Mahindra Brothers (KC & JC Mahindra) and was later renamed as Mahindra & Mahindra in 1948.

- **Website:** https://mahindra.com/
- **CEO:** Mr. Anand Gopal Mahindra
- **Employees:** 3,24,000
- **Listed:** 3 Jan 1996
- **Face Value:** ₹5

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:02 IST.