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Mahindra & Mahindra Ltd.
M&MLarge CapNSEBSE
Automobile · Automobile and Auto Components
₹1,627.60up 42.60up 2.69 percentas of 28 Aug 2026
Div yield 2.03%
Key metrics
- Market Cap
- 4,12,975.93 ₹ cr
- P/E
- —
- P/B
- —
- ROE
- 29.47%
- ROCE
- 35.25%
- Debt to Equity
- 0.33 x
- Net Margin
- 9.44%
- Dividend Yield
- 2.03%
- Revenue Growth (YoY)
- 13.39%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in each of the last 3 financial years (FY24, FY25, FY26).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 2 of the last 3 years.
- Promoter holding 18.4% (pledge data not available).
- Debt-to-equity 0.33 — below the Automobile and Auto Components median of 0.36.
M&M
₹1,627.60up 2.69 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatHigh ROCE Compounder
35.25%ROCE
ROE: 29.47%·P/B: —x
2. Forensic Health & SolvencyPiotroski 8/9 · Strong Health
8/9Piotroski Score
Altman: 4.1 (Safe Zone)
3. Valuation & DCF Spread-95.9% Valuation Premium
₹66DCF Fair Value
CMP: ₹1,627.6
4. Ownership & GovernanceWidely Held / Low Promoter
18.45%Promoter Stake
Pledged: 0.0%·Inst: 53.04%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #4 of 31 in AutomobileQVGM 62/100
Quality (Q)80
ROE, ROCE, Margins & Cash Conversion
Value (V)56
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)43
3Y Sales & EPS Compounded Growth
Momentum (M)65
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #4 of 31 in Automobile
Valuation
Moderate56/100
P/E Ratio:—
P/B Ratio:—
Dividend Yield:2.03%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate43/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Strong80/100
ROE:29.5%
ROCE:35.3%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong89/100
Piotroski F-Score:8/9
Altman Z-Score:4.07
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate65/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹1,331.70
From 52W High-7.96%
52-Week High₹1,768.40
Valuation MultiplesCash Flow & Yield
PEG Ratio—
Earnings Yield24.44%
Price / FCF7,066.67
FCF Yield0.01%
Payout Ratio8.30%
Net-Net Ratio-0.46
Solvency & SafetyPiotroski & Altman
Piotroski F-Score8/9
Altman Z-Score4.07
Graham Number—
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 1.34%
DII Stake:▲ +0.90%
OPM Margin:▲ +0.00%
Net Margin:▼ 0.06%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +1.42% | ▲ +13.39% | 10.81% | 10.81% | 10.81% |
| Net Profit Growth | ▼ 3.20% | ▲ +5.93% | 10.09% | 10.60% | 11.00% |
| EPS Growth | ▼ 3.20% | ▲ +5.93% | 10.09% | 10.60% | 11.00% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — M&M
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹68.1
Verdict:Overvalued (-95.8%)
Benjamin Graham Number
₹1,135.8
-30.2% vs CMPPeter Lynch Fair Value
₹4,215.1
+159% vs CMPReverse DCF Implied Growth
60.0% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹1,627.6
₹0 (Distress)CMP: ₹1,628DCF: ₹68Graham: ₹1,136
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹62 | 0.8969 | ₹56 |
| Year 2 | 6% | ₹66 | 0.8044 | ₹53 |
| Year 3 | 6% | ₹70 | 0.7214 | ₹50 |
| Year 4 | 6% | ₹74 | 0.6470 | ₹48 |
| Year 5 | 6% | ₹78 | 0.5803 | ₹45 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹73 -96% | ₹86 -95% | ₹94 -94% | ₹103 -94% | ₹130 -92% |
| 11.0% | ₹60 -96% | ₹70 -96% | ₹75 -95% | ₹82 -95% | ₹99 -94% |
| 11.5% | ₹55 -97% | ₹63 -96% | ₹68 -96% | ₹74 -95% | ₹88 -95% |
| 12.0% | ₹51 -97% | ₹58 -96% | ₹62 -96% | ₹67 -96% | ₹78 -95% |
| 13.0% | ₹43 -97% | ₹48 -97% | ₹52 -97% | ₹55 -97% | ₹64 -96% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E—current
ReportedComputed, approximate
P/B—current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | — | — |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Strong Buy(1.54 / 5)
Strong Buy:17
Buy:17
Hold:1
Sell:0
Strong Sell:0
Coverage: 35 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:31.83%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +159.22%
Mean Target₹4,219.00vs CMP ₹1,627.60
High Target₹4,875.00+199.5% max upside
Low Target₹3,675.00125.8% downside
Median Target₹4,200.0035 estimates
Low: ₹3,675.00Mean: ₹4,219.00High: ₹4,875.00
Mean Target Current Price (₹1,627.60)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹23.76
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹24.61
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹31.37
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹20.99
Low:—
High:—
FY2025EConsensus
Mean Estimate
—
Low:—
High:—
FY2025E1 Analysts
Mean Estimate
₹29.04
Low:—
High:—
FY2025E1 Analysts
Mean Estimate
₹28.31
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹29.32
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹44.30
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹36.58
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹32.51
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹41.48
Low:—
High:—
FY2027E1 Analysts
Mean Estimate
₹40.94
Low:₹40.00
High:₹40.00
FY2027E1 Analysts
Mean Estimate
₹34.30
Low:₹34.00
High:₹34.00
FY2027E1 Analysts
Mean Estimate
₹32.48
Low:₹32.00
High:₹32.00
FY2027E1 Analysts
Mean Estimate
₹48.59
Low:—
High:—
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹23.76 | — | — | — |
| FY2024 Forecast | ₹24.61 | — | — | — |
| FY2024 Forecast | ₹31.37 | — | — | — |
| FY2024 Forecast | ₹20.99 | — | — | — |
| FY2025 Forecast | — | — | — | — |
| FY2025 Forecast | ₹29.04 | — | — | 1 |
| FY2025 Forecast | ₹28.31 | — | — | 1 |
| FY2025 Forecast | ₹29.32 | — | — | — |
| FY2026 Forecast | ₹44.30 | — | — | 2 |
| FY2026 Forecast | ₹36.58 | — | — | 1 |
| FY2026 Forecast | ₹32.51 | — | — | 2 |
| FY2026 Forecast | ₹41.48 | — | — | 2 |
| FY2027 Forecast | ₹40.94 | ₹40.00 | ₹40.00 | 1 |
| FY2027 Forecast | ₹34.30 | ₹34.00 | ₹34.00 | 1 |
| FY2027 Forecast | ₹32.48 | ₹32.00 | ₹32.00 | 1 |
| FY2027 Forecast | ₹48.59 | — | — | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
5 Factors- •Company has delivered a high Return on Equity (ROE) of 29.5%.
- •Company maintains conservative leverage with D/E of 0.33x.
- •Company has reduced borrowings by 15.6% over the last fiscal year.
- •Strong cash generation: Operating Cash Flow is 101.3% of reported Net Profit.
- •High institutional backing: FIIs & DIIs hold a combined 53.0%.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score8 / 9
● Strong (High Quality)
Altman Z-Score4.07
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.64
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (FY26)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
13.8%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
1.3%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
86.4%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹425 CrInflow
425
+ D&A Non-Cash Charge₹68 CrAdd-back
68
Working Capital Adjustment-₹62 Cr- Tied Up
62
= Operating Cash Flow (CFO)₹430 CrOperating Cash
430
- Capital Expenditures (CapEx)-₹372 CrReinvestment
372
= Free Cash Flow (FCF)₹58 CrFree Cash Flow
58
- Dividends & Debt Repayment-₹93 CrCapital Return
93
= Net Change in Cash-₹35 CrNet Balance
35
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | FY1931 Mar 2019 | FY2031 Mar 2020 | FY2131 Mar 2021 | FY2231 Mar 2022 | FY2331 Mar 2023 | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹2,193.53 | ₹2,430.72 | ₹2,693.57 | ₹2,984.83 | ₹3,307.59 | ₹3,665.26 | ₹4,061.59 | ₹4,500.79 |
| Operating profit | — | — | — | — | ₹330.20 | ₹365.91 | ₹405.48 | ₹449.32 | ₹497.91 | ₹551.75 | ₹611.41 | ₹677.53 |
| OPM | — | — | — | — | 15.05% | 15.05% | 15.05% | 15.05% | 15.05% | 15.05% | 15.05% | 15.05% |
| Net profit | — | — | — | — | ₹204.25 | ₹221.20 | ₹252.03 | ₹271.92 | ₹313.96 | ₹356.06 | ₹385.78 | ₹424.70 |
| EPS | — | — | — | — | 191.31 | 207.19 | 236.07 | 254.70 | 294.07 | 333.51 | 361.35 | 397.80 |
| Net margin | — | — | — | — | 9.31% | 9.10% | 9.36% | 9.11% | 9.49% | 9.71% | 9.50% | 9.44% |
| ROE | — | — | — | — | 26.98% | 26.73% | 27.84% | 27.42% | 28.87% | 29.83% | 29.43% | 29.47% |
| ROCE | 32.00% | 27.00% | 23.00% | 24.00% | 26.79% | 27.87% | 38.04% | 35.71% | 29.53% | 28.77% | 32.51% | 35.25% |
| Debt / equity | — | — | — | — | 0.63 | 0.59 | 0.18 | 0.27 | 0.55 | 0.61 | 0.43 | 0.33 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 10.81% | 10.81% | 10.81% | — |
| Net profit | 10.09% | 10.60% | 11.00% | — |
| EPS | 10.09% | 10.60% | 11.00% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹1,715.31 | ₹1,847.71 | ₹1,658.63 | ₹1,914.93 | ₹2,413.96 | ₹2,724.46 | ₹2,774.30 | ₹2,912.07 |
| Total liabilities | — | — | — | — | ₹1,715.31 | ₹1,847.71 | ₹1,658.63 | ₹1,914.93 | ₹2,413.96 | ₹2,724.46 | ₹2,774.30 | ₹2,912.07 |
| Total equity | — | — | — | — | ₹757.16 | ₹827.49 | ₹905.43 | ₹991.79 | ₹1,087.49 | ₹1,193.54 | ₹1,311.06 | ₹1,441.29 |
| Total debt | — | — | — | — | ₹475.58 | ₹485.46 | ₹160.62 | ₹266.48 | ₹598.80 | ₹724.56 | ₹569.69 | ₹480.61 |
| Cash | — | — | — | — | ₹137.23 | ₹147.82 | ₹132.69 | ₹153.19 | ₹193.12 | ₹217.96 | ₹221.94 | ₹232.97 |
| Current assets | — | — | — | — | ₹600.36 | ₹646.70 | ₹580.52 | ₹670.23 | ₹844.89 | ₹953.56 | ₹971.01 | ₹1,019.22 |
| Current liabilities | — | — | — | — | ₹377.37 | ₹406.50 | ₹364.90 | ₹421.29 | ₹531.07 | ₹599.38 | ₹610.35 | ₹640.66 |
| Inventory | — | — | — | — | ₹205.84 | ₹221.73 | ₹199.04 | ₹229.79 | ₹289.68 | ₹326.94 | ₹332.92 | ₹349.45 |
| Receivables | — | — | — | — | ₹329.03 | ₹364.61 | ₹404.04 | ₹447.72 | ₹496.14 | ₹549.79 | ₹609.24 | ₹675.12 |
| Payables | — | — | — | — | ₹263.22 | ₹291.69 | ₹323.23 | ₹358.18 | ₹396.91 | ₹439.83 | ₹487.39 | ₹540.09 |
| Net PP&E | — | — | — | — | ₹850.35 | ₹894.54 | ₹636.60 | ₹827.78 | ₹1,274.45 | ₹1,168.58 | ₹998.58 | ₹1,481.27 |
| Retained earnings | — | — | — | — | — | — | — | — | — | — | — | — |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹253.44 | ₹227.76 | ₹253.43 | ₹323.94 | ₹311.20 | ₹403.86 | ₹414.84 | ₹430.13 |
| Capital expenditure | — | — | — | — | ₹-188.76 | ₹-144.87 | ₹-134.16 | ₹-211.54 | ₹-269.99 | ₹-284.38 | ₹-175.61 | ₹-371.69 |
| Free cash flow | — | — | — | — | ₹64.68 | ₹82.89 | ₹119.28 | ₹112.40 | ₹41.21 | ₹119.48 | ₹239.24 | ₹58.44 |
| OCF / net profit | — | — | — | — | — | — | — | — | — | — | — | — |
| FCF / Capex intensity | — | — | — | — | — | — | — | — | — | — | — | — |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹1,206.44 | ₹1,336.90 | ₹1,481.46 | ₹1,641.66 | ₹1,819.18 | ₹2,015.89 | ₹2,233.88 | ₹2,475.43 |
| Cost of revenue | — | — | — | — | ₹987.09 | ₹1,093.83 | ₹1,212.11 | ₹1,343.17 | ₹1,488.42 | ₹1,649.37 | ₹1,827.72 | ₹2,025.36 |
| EBITDA | — | — | — | — | ₹363.22 | ₹402.50 | ₹446.02 | ₹494.25 | ₹547.70 | ₹606.92 | ₹672.55 | ₹745.28 |
| Income before tax | — | — | — | — | ₹272.33 | ₹294.94 | ₹336.04 | ₹362.56 | ₹418.61 | ₹474.74 | ₹514.38 | ₹566.27 |
| Interest expense | — | — | — | — | ₹39.62 | ₹43.91 | ₹48.66 | ₹53.92 | ₹59.75 | ₹66.21 | ₹73.37 | ₹81.30 |
| Tax expense | — | — | — | — | ₹67.40 | ₹73.00 | ₹83.17 | ₹89.73 | ₹103.61 | ₹117.50 | ₹127.31 | ₹140.15 |
| D&A | — | — | — | — | ₹33.02 | ₹36.59 | ₹40.55 | ₹44.93 | ₹49.79 | ₹55.17 | ₹61.14 | ₹67.75 |
| EBITDA margin | — | — | — | — | — | — | — | — | — | — | — | — |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | — | — | — | — | — | — | — | — |
| Quick ratio | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory days | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivable days | 84.00 | 80.00 | 67.00 | 77.00 | — | — | — | — | — | — | — | — |
| Payable days | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 84.00 | 80.00 | 67.00 | 77.00 | — | — | — | — | — | — | — | — |
| Working capital days | 54.00 | 58.00 | 57.00 | 42.00 | 45.52 | 56.48 | 51.53 | 45.03 | 67.17 | 66.05 | 40.00 | 48.30 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | — | — | — | — |
| ROA | — | — | — | — | — | — | — | — | — | — | — | — |
| ROIC | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Capital Velocity Engine (High Asset Turnover)FYFY26
Net marginProfitability
9.44%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
1.55
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.02
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
29.47%
Reported: 29.47%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 03 Jul 2026 | dividend | 660% |
| 2025 | 04 Jul 2025 | dividend | 506% |
| 2024 | 06 Jul 2024 | dividend | 422% |
| 2023 | 15 Jul 2023 | dividend | 325% |
| 2022 | 16 Jul 2022 | dividend | 231% |
| 2021 | 17 Jul 2021 | dividend | 175% |
| 2020 | 18 Jul 2020 | dividend | 47% |
| 2019 | 20 Jul 2019 | dividend | 170% |
| 20 Jul 2019 | dividend | 170% | |
| 2018 | 14 Jul 2018 | dividend | 150% |
| 2017 | 23 Dec 2017 | bonus | 1:1 |
| 15 Jul 2017 | dividend | 260% | |
| 2016 | 23 Jul 2016 | dividend | 240% |
| 2015 | 18 Jul 2015 | dividend | 240% |
| 2014 | 19 Jul 2014 | dividend | 270% |
| 19 Jul 2014 | dividend | 10% | |
| 2013 | 20 Jul 2013 | dividend | 10% |
| 20 Jul 2013 | dividend | 250% | |
| 2012 | 14 Jul 2012 | dividend | 250% |
| 2011 | 16 Jul 2011 | dividend | 20% |
| 16 Jul 2011 | dividend | 210% | |
| 2010 | 10 Jul 2010 | dividend | 175% |
| 10 Jul 2010 | dividend | 15% | |
| 30 Mar 2010 | split | 5:10 | |
| 2009 | 11 Jul 2009 | dividend | 100% |
| 2008 | 05 Jul 2008 | dividend | 115% |
| 2007 | 07 Jul 2007 | dividend | 40% |
| 26 Mar 2007 | dividend | 75% | |
| 2006 | 01 Jul 2006 | dividend | 100% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 6 dividend distributions
Latest Year DPS:₹33.00
Yield on CMP:2.03%
3Y Dividend CAGR:+26.6%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹115.95
₹33.0
2026
₹25.3
2025
₹21.1
2024
₹16.3
2023
₹11.6
2022
₹8.8
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 03 Jul 2026 | ₹33.00 | Final |
| 04 Jul 2025 | ₹25.30 | Final |
| 05 Jul 2024 | ₹21.10 | Final |
| 14 Jul 2023 | ₹16.25 | Final |
| 14 Jul 2022 | ₹11.55 | Final |
| 15 Jul 2021 | ₹8.75 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Automobile and Auto ComponentsCompare Peers in Studio
Market Cap4,12,975.93 ₹ cr
Beats 96% of 47 industry peers · median 25,051.24 ₹ cr
ROE29.47%
Beats 98% of 47 industry peers · median 11.06%
ROCE35.25%
Beats 96% of 47 industry peers · median 13.81%
Debt to Equity0.33 x
Beats 43% of 47 industry peers · median 0.36 x
Net Margin9.44%
Beats 70% of 47 industry peers · median 8.71%
Dividend Yield2.03%
Beats 93% of 42 industry peers · median 0.44%
Revenue Growth (YoY)13.39%
Beats 26% of 47 industry peers · median 20.16%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Bajaj Auto Ltd.BAJAJ-AUTO | ₹6.63 L | 35.40 | 5.89 |
Maruti Suzuki India Ltd.MARUTI | ₹4.21 L | 28.79 | 3.94 |
Eicher Motors Ltd.EICHERMOT | ₹2.19 L | 40.15 | 8.81 |
TVS Motor Company Ltd.TVSMOTOR | ₹2.05 L | 67.75 | 21.38 |
Hyundai Motor India Ltd.HYUNDAI | ₹1.84 L | 33.70 | 9.15 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Mahindra & Mahindra Ltd. (M&M)
Indexed Documents7 Filings
Latest Disclosure21 Jul 2026
Board Outcome21 Jul 2026
Mahindra & Mahindra Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Investor Deck15 Jun 2026
Mahindra & Mahindra Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Press Release11 Jun 2026
Mahindra & Mahindra Ltd: Press Release: Business Updates and New Strategic Initiatives
Concall Transcript06 Jun 2026
Mahindra & Mahindra Ltd: Transcript of Earnings Conference Call with Institutional Investors
AGM / EGM04 May 2026
Mahindra & Mahindra Ltd: Notice of Annual General Meeting and Record Date for Dividend
Shareholding21 Feb 2026
Mahindra & Mahindra Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
News
- IndianAPIForeign carmakers take the old route, look to revive sedan segment
Foreign carmakers are taking a contrasting approach to homegrown carmakers, which have been pushing SUVs.
- IndianAPIChinese carmakers open doors for Mahindra's global push
The company has marked out South Africa, the UK, Australia, New Zealand and Latin American countries, including Brazil, as it evaluates an expansion in these countries using new pickup trucks and passenger vehicles.
- IndianAPIHow Mahindra Group built an electric unicorn ahead of 2027 IPO
MLMM more than doubled revenue in two years as ₹2,200 crore of funding helped propel the electric three-wheeler business towards a planned 2027 listing.
- IndianAPIStock market today: Gift Nifty hints muted start; US-Iran peace talks, gold to crude oil prices - 8 stocks to buy
Indian markets expected to open lower as geopolitical tensions rise following US-Iran clashes. Despite a modest gain on Thursday, investor sentiment remains cautious. Analysts suggest monitoring key support and resistance levels for Nifty 50 and Bank Nifty amidst ongoing diplomatic negotiations.
- IndianAPIStock market today: Gift Nifty hints positive start; US-Iran peace talks, Bitcoins to oil prices - 8 stocks to buy
The Indian stock market is poised for a positive start, buoyed by rising Asian markets and declining crude oil prices. The BSE Sensex and NSE Nifty 50 closed higher, reflecting improved investor sentiment after Micron Technology's strong earnings boosted technology sector outlook.
- IndianAPIStock market today: Gift Nifty hints gap-up start; US-Iran peace deal to global markets rally - 7 stocks to buy
Indian markets may open positively on June 12, 2026, following a strong rally in global equities amid optimism for a US-Iran peace deal. Oil prices dropped as tensions eased, while Asian markets showed resilience, marking a rebound in investor confidence.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.