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2,041.90
2,113.95
1,199.40
2,133.00
6M Return 33.97%
1Y Return 73.62%
Mkt Cap.(Cr) 260,749.38
Volume 3,084,498
Div Yield 0.76%
OI
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OI Chg %
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Volume 3,084,498
- Research Report
- Quick Results Snapshot
- SWOT Analysis
- Our Research View
- Financials
- Comparison
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Quick Results Snapshot
Cars & Utility Vehicles company Mahindra & Mahindra announced Q3FY24FY24 & 9MFY24 results:
Consolidated Financial Highlights
- Revenue: Rs 35,299 crore for Q3FY24, a 15% increase YoY; Rs 1,03,627 crore in 9MFY24, up by 17% YoY.
- PAT (Profit After Tax): Rs 2,658 crore for Q3FY24, showing a 34% increase YoY; Rs 8,515 crore in 9MFY24, increased by 33% YoY (excluding PY gains on SEL and Susten; PY Trucks impairment).
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 3,590 crore for Q3FY24, a 10% increase YoY; Rs 11,535 crore in 9MFY24, up by 25% YoY.
- PAT Margin: Stood at 7.5% both for Q3FY24 and 8.2% for9MFY24.
- RoE (Return on Equity): 19% in 9MFY24.
- EPS (Earnings Per Share): Rs 76.1 in 9MFY24, a CAGR of 40% over the last two years.
Segment-wise Performance Highlights
- Automotive:
- Revenue: Rs 19,380 crore for Q3FY24, a 26% increase; Rs 55,248 crore in 9MFY24, up by 24%.
- PBIT (Profit Before Interest and Taxes): Rs 1,530 crore for Q3FY24, up 56% (excluding PY Trucks impairment); Rs 4,195 crore in 9MFY24.
- Farm Equipment:
- Revenue: Rs 8,600 crore for Q3FY24, flat compared to last year; Rs 26,684 crore in 9MFY24, a 4% increase (excluding SEL gain).
- PBIT: Rs 1,051 crore for Q3FY24, down 5% YoY; Rs 3,570 crore in 9MFY24, increases by 20 bps.
- Services:
- Revenue: Rs 8,416 crore for Q3FY24, up by 12% (excluding PY Susten gain); Rs 24,516 crore in 9MFY24, a 13% increase (excluding PY Susten gain).
- PBIT: Rs 1,197 crore for Q3FY24; Rs 3,270 crore in 9MFY24.
Market Share and Product Performance
- SUVs: #1 with a revenue market share of 21.0%, up by 40 bps.
- LCVs <3.5T: #1 with a market share of 49.6%, up by 310 bps.
- Tractors: #1 with a market share of 41.8%, up by 80 bps.
- Electric 3 Wheelers: Volume up by 54%, market share at 54%.
Dr. Anish Shah, Managing Director & CEO, said: "Our businesses have delivered a solid operating performance this quarter. Auto continues to gain market share and grew rapidly to double its profit. Farm has gained market share despite tough market conditions. In Services, MMFSL had its lowest-ever GS3, and credit costs are trending as per guidance. TechM is working through challenging operating results but I feel good that the right actions are being taken to turn around its performance. We continued the journey of unlocking value in our growth gems with the listing of India's largest renewable InvIT and partnerships with marquee investors."
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), remarked: "We had a strong quarter for both Auto and Farm businesses. We were #1 in SUVs with a Revenue Market Share of 21% in Q3FY24 while further improving our Auto Standalone PBIT margins. We increased tractor market share by 80 bps to 41.8% in Q3FY24 even as the Tractor industry contracted on the back of last year's high base, weather vagaries, and lower reservoir levels. Our E-3W business is maintaining its market leadership with Q3FY24 market share of 54% and in 9MFY24 market share of 59.5%."
Manoj Bhat, Group Chief Financial Officer, added: "We continue to meet our objectives of 18% ROE and value creation from capital allocation actions. It has been a good quarter with multiple businesses showing growth momentum."
View Other Company Results
Mahindra & Mahindra Ltd shares SWOT Analysis
- SWOT
- TECHNICALS
- DEALS
- SHAREHOLDING
Strengths (11)
- Strong Momentum: Price above short, medium and long term moving averages
- Effectively using its capital to generate profit - RoCE improving in last 2 years
- Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Weakness (2)
- MFs decreased their shareholding last quarter
- Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
Opportunity (1)
- RSI indicating price strength
Threats (1)
- Promoter decreasing their shareholding
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Resistance and support
R1 2,126.6
R2 2,156.3
R3 2,198.6
Pivot
2,084.23
S1 2,054.5
S2 2,012.2
S3 1,982.5
EMA
SMA
2,022.7
1,929.4
1,823.7
1,688.2
2,018.9
1,926.8
1,792.9
1,669.2
Delivery and volume
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| CLIENT NAME | DEAL TYPE | ACTION | DATE | AVG. PRICE | QUANTITY | EXCHANGE |
|---|---|---|---|---|---|---|
| STICHTING PENSIOENFONDS RAIL & OPENBAAR VERVOER | Block | Purchase | 2024-04-09 | 2078.1 | 280386 | NSE |
| STICHTING CUST ROBECO INST RE:CALYP | Block | Sell | 2024-04-09 | 2078.1 | 280386 | NSE |
| BOFA SECURITIES EUROPE SA | Block | Purchase | 2024-03-26 | 1880 | 1680000 | BSE |
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OUR RESEARCH VIEW
Investment recommendation
Performs well, auto segment to lead the growth path
Call Date
19 Feb 2024
Entry Price 1,835.00
Target Price 2,225.00
Duration
12-18 Month
BUY View Report
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FINANCIALS
- PROFIT AND LOSS STATEMENT
- BALANCE SHEET
- QUARTERLY RESULT
- RATIO
Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Mahindra & Mahindra Ltd Stocks COMPARISON
| Financials( ₹ in Cr) | Maruti Suzuki India Ltd | Tata Motors Ltd | Bajaj Auto Ltd | Eicher Motors Ltd | |
|---|---|---|---|---|---|
| Price | 2,096.85 | 12,922.50 | 1,001.25 | 8,734.90 | 4,615.20 |
| % Change | 1.87 | -0.17 | 0.97 | 0.43 | 1.87 |
| Mcap ₹ Cr | 260,749.38 | 406,287.28 | 332,789.37 | 243,860.94 | 126,366.95 |
| Revenue TTM ₹ Cr | 121,268.55 | 117,571.30 | 345,966.97 | 36,455.38 | 14,442.18 |
| Net Profit TTM ₹ Cr | 11,374.48 | 8,211.00 | 2,353.49 | 6,060.21 | 2,913.94 |
| PE TTM | 23.01 | 33.38 | 16.34 | 31.45 | 32.33 |
| 1 Year Return | 73.62 | 52.64 | 110.70 | 101.63 | 45.00 |
| ROCE | 13.71 | 13.92 | 5.32 | 26.47 | 26.46 |
| ROE | 21.98 | 11.52 | 5.52 | 20.47 | 21.12 |
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INSIDER & INSTITUTIONAL ACTIVITY
Equity Capital: 56,365.79 Cr FV: 5.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 20,210.21 | -2,288.40 |
| LAST 3M | 84,754.55 | 29,178.29 |
| LAST 6M | 143,739.62 | 78,000.86 |
| LAST 12M | 219,616.53 | 194,185.36 |
- ANNOUNCEMENT
- CORPORATE ACTION
Mahindra & Mahindra Limited - Updates
Apr 25, 2024 l NSE Announcement
Mahindra & Mahindra Limited - Updates
Apr 19, 2024 l NSE Announcement
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| Date | Action Type | Ratio |
|---|---|---|
| Jul 14, 2023 | Dividend | 325 |
| Jul 14, 2022 | Dividend | 231 |
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Mahindra & Mahindra Ltd Information
- ABOUT COMPANY
- COMPANY INFO
- LISTING INFO
Stock PE (TTM)
23.01
Promoter Holding
18.15%
Book Value
486.9259
ROCE
13.71%
ROE
21.98%
Description
Mahindra & Mahindra Limited is engaged in Automobile & Utility vehicles Sector in India. Its market capitalization is worth INR 1,02,202.86 Cr. as of 16 April 2021. Established in 1945, the company has reported quarterly revenue of INR 14,215.90 Cr. at the end of the December 2020 quarter. This company is a constituent of the Bombay Stock Exchange (BSE), having the code 500520 and on the National Stock Exchange (NSE) with the symbol M&M.Headquartered in Mumbai, it is an Indian multinational automotive manufacturing corporation. In terms of production, it is one of the largest vehicle manufacturers in India and is functional in more than 100 countries.Mahindra and Mahindra, an Indian multinational engaged in automobile manufacturing, is the largest company of Mahindra Group. Incorporated as Muhammad and Mahindra, the company has come a long way to being the leader in utility vehicles. It is headquartered in Mumbai and functional in nearly 100 countries with aggregate revenue of USD 19.4 billion. It functions under the leadership of MD and CEO Anish Shah. Mahindra and Mahindra have two main divisions in operations, the farm equipment division and the automotive division. Additionally, it also holds a defence system division. The company pioneered a new generation of a world-class sports utility vehicle, Scorpio, in 2002. It was followed by the launch of Invader, MaXX Pick Up in 2003, Mahindra Sarpanch 595 DI Super Turbo (India's first turbo tractor), Common Rail Diesel Engine (CRDe)and a joint venture with Renault (France) for manufacturing of a mid-sized sedan. The organization was likewise the quickest to present the DiGiSENSE stage in 2016. Mahindra and Mahindra have set up subsidiaries in Italy and South Africa to access the African and European markets. It's having a sizable presence in the key global tractor markets: the USA and China. The company excels in capitalizing on opportunities emerging from trends in the worldwide auto industry. As of April 2021, the company grabbed 59% market share by selling 1000 units of Treo Zor since its launch in October 2020. Mahindra and Mahindra have also announced an investment of INR 3000 crores in the electric vehicle business over the next three years. Accordingly, it's likewise running on an Electric car stage through joining the abilities of its activities all through the globe.
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Registered Address
Gateway Building, Apollo Bunder, Mumbai, Maharashtra, 400001
| Tel | : | 91-022-22021031/22895500 |
| : | group.communications:mahindra.com; investors:mahin | |
| Website | : | http://www.mahindra.com |
Registrar
Sharepro Services
| AGM Date (Month) | : | Aug |
| Face Value Equity Shares | : | 5 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 500520 |
| NSE Code | : | M&M |
| Book Closure Date (Month) | : | Jul/Aug |
| BSE Group | : | A |
| ISIN | : | INE101A01026 |
FAQ’s on Mahindra & Mahindra Ltd Shares
FAQ’s on Mahindra & Mahindra Ltd SharesYou can buy Mahindra & Mahindra Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Mahindra & Mahindra Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Apr 25, 2024 04:03 PM the closing price of Mahindra & Mahindra Ltd was ₹ 2,096.85.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 25, 2024 04:03 PM, the market cap of Mahindra & Mahindra Ltd stood at ₹ 260,749.38.
The latest PE ratio of Mahindra & Mahindra Ltd as of Apr 25, 2024 04:03 PM is23.01
The latest PB ratio of Mahindra & Mahindra Ltd as of Apr 25, 2024 04:03 PM is0.24
The 52-week high of Mahindra & Mahindra Ltd share price is ₹2,133.00 while the 52-week low is ₹1,199.40
According to analyst recommendations, Mahindra & Mahindra Ltd Share has a “Buy” rating for the long term.
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