bell
The current prices are delayed by 15 mins, login to check live prices.
Mahindra & Mahindra Ltd share price logo

Mahindra & Mahindra Ltd Share Price

(M&M)

₹3126.51.31%

as on 04:01PM, 09 Jan 2025

🔔 Product Launch Alert

Mahindra & Mahindra to start bookings for BE 6 and XEV 9e EVs on February 14, with deliveries beginning in early March.

Overview
News
Financials
Q3 2024 Results
Technicals
F&O

Mahindra & Mahindra Ltd Analyst Rating

based on 35 analysts

BUY

94.29%

Buy

5.71%

Hold

0.00%

Sell

Based on 35 analysts offering long term price targets for Mahindra & Mahindra Ltd. An average target of ₹3438.37

Source: S&P Global Market Intelligence

Mahindra & Mahindra Ltd Share analysis

Mahindra & Mahindra Ltd price forecast by 35 analysts

Upside of11.41%

High

₹3700

Target

₹3438.37

Low

₹3040

Mahindra & Mahindra Ltd target price ₹3438.37, a slight upside of 11.41% compared to current price of ₹3126.5. According to 35 analysts rating.

Source: S&P Global Market Intelligence

Mahindra & Mahindra Ltd Performance

  • Day's Low

    Day's High

    ₹3,085.35
    Day's Price Range
    ₹3,157.9
  • 52 Week's Low

    52 Week's High

    ₹1,575
    52-Week Price Range
    ₹3,237.05
1 Month Return+ 1.14 %
3 Month Return-2.12 %
1 Year Return+ 89.34 %
Previous Close₹3,086.10
Open₹3,103.80
Volume24.34L
Upper Circuit-
Lower Circuit-
Market Cap₹3,83,765.43Cr

Mahindra & Mahindra Ltd Key Statistics

P/E Ratio28.99
PEG Ratio4.72
Market Cap₹3,83,765.43 Cr
P/B Ratio4.41
EPS110.07
Dividend Yield1.06
SectorAutomobile
ROE22.41

Mahindra & Mahindra Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹3,83,765.43 Cr94.04%0.54₹12,269 Cr₹1,39,078 Cr
BUY₹2,92,631.02 Cr62.81%0.68₹31,806 Cr₹4,37,927 Cr
BUY₹3,71,686.72 Cr12.71%0.52₹13,488 Cr₹1,41,858 Cr
HOLD₹37,373.32 Cr83.9%0.51₹1,049 Cr₹8,849 Cr
BUY₹65,405.27 Cr34.03%0.64₹2,696 Cr₹46,542 Cr

About Mahindra & Mahindra Ltd

Mahindra & Mahindra Ltd is a multinational automotive manufacturing corporation founded in 1945 by brothers J.C. Mahindra and K.C. Mahindra. The company is headquartered in Mumbai, India and operates in multiple lines of business, including automotive, financial services, information technology, hospitality, and real estate.

Mahindra & Mahindra is one of the largest automobile manufacturers in India and has a wide range of vehicles, including passenger cars, SUVs, vans, and commercial vehicles. The company's popular products include the XUV500, Scorpio, Bolero, and Thar. Mahindra & Mahindra also owns several popular brands, such as Mahindra Tractors, Mahindra Racing, and Mahindra Reva.

Share Price: ₹3126.50 per share as on 09 Jan, 2025 04:01 PM
Market Capitalisation: ₹3,83,765.43Cr as of today
Revenue: ₹37,689.04Cr as on September 2024 (Q3 24)
Net Profit: ₹3,361.06Cr as on September 2024 (Q3 24)
Listing date: 03 Nov, 1994
Chairperson Name: Anand Mahindra
OrganisationMahindra & Mahindra Ltd
Headquarters
IndustryAutomobile
E-voting on sharesClick here to vote
KUV100 Share Price
Mahindra Supro Share Price
Jawa Share Price
Scorpio Share Price
Bolero Share Price
Thar Share Price
XUV300 Share Price

What's happening today

  • img

    Today's Timeline - 09 Jan

    00:32 AM

    -

    M&M targets selling 5,000 units monthly of BE 6 and XEV 9e EVs, with deliveries beginning in early March.

    07:41 AM

    -

    M&M de-risked semiconductor supply chain for new EVs BE 6 and XEV 9e, with deliveries expected in March.

    09:31 AM

    -

    Jefferies anticipates M&M to gain market share, targeting Rs 4,075 for the stock with 32% upside potential.

  • img

    Today's Timeline - 09 Jan

    11:07 AM

    -

    Mahindra's new EV manufacturing facility aims to produce electric-origin SUVs, with bookings starting February 14.

    01:34 PM

    -

    M&M shares rose 2.05% after a foreign broker maintained an 'overweight' rating with a target price of Rs 3,336.

    02:17 PM

    -

    Mahindra unveils state-of-the-art EV manufacturing facility at Chakan, focusing on electric SUVs and sustainability.

  • img

    Today's Timeline - 09 Jan

    03:38 PM

    -

    Mahindra reveals test drive and booking details for XEV 9e and BE 6 EVs, starting January 14.

Key events for Mahindra & Mahindra Ltd

  • Mahindra & Mahindra Expands EV Production and Market Reach - 08 Jan, 2025

    Mahindra & Mahindra is ramping up its electric vehicle production with a new facility and pricing for its upcoming models. Jefferies raised its price target, highlighting strong growth potential. The company also aims to expand internationally, leveraging existing channels and introducing new electric models.
  • Mahindra Launches New Electric SUVs and Reports Growth - 07 Jan, 2025

    Mahindra & Mahindra reported a 19.93% increase in production YoY in December 2024. The company launched the BE 6 and XEV 9e electric SUVs, with bookings starting February 14, 2025. M&M aims to sell 5,000 units monthly of these models, enhancing accessibility with financing options introduced during the India Tech Day event.
  • Mahindra & Mahindra Sees Growth and Positive Upgrades - 06 Jan, 2025

    Mahindra & Mahindra reported a 19.92% increase in SUV production in December 2024. Analysts recommend buying the stock, which received a 'Buy' upgrade due to strong growth metrics and market position.
  • Mahindra & Mahindra Hits Record Stock Price - 05 Jan, 2025

    On January 5, 2025, Mahindra & Mahindra launched the BE 6e electric vehicle, reported strong sales growth, and achieved a record stock price of Rs. 3237.6.
  • Mahindra & Mahindra Hits Record Stock Price - 04 Jan, 2025

    On January 4, 2025, Mahindra & Mahindra reached a record stock price of Rs. 3237.6, marking a 92.53% annual increase. Despite this achievement, the stock underperformed its sector by 1.63% and showed signs of a trend reversal after three days of gains.
  • Mahindra & Mahindra Reports Strong Sales and Incentives - 03 Jan, 2025

    Mahindra & Mahindra's stock experienced volatility after reaching a 52-week high, supported by strong December sales and approved incentive claims of Rs 246 crore.
  • Mahindra & Mahindra Reports Strong Growth and Incentives - 02 Jan, 2025

    Mahindra & Mahindra has seen significant growth in auto sales, particularly in SUVs, and received government incentives. Analysts remain bullish on the stock's potential.
  • M&M Reports Strong Sales Growth and EV Success - 01 Jan, 2025

    Mahindra & Mahindra showcased impressive growth in December 2024, with total auto sales up 16%. The company also highlighted its success in the EV market and strong export performance, leading to a positive stock reaction.
  • M&M Achieves Record Growth Amid Price Adjustments - 31 Dec, 2024

    Mahindra & Mahindra's stock surged 73% in 2024, driven by strong SUV sales. BII plans to invest Rs 650 crore in M&M's EV arm, while price hikes are set for January 2025. Analysts project continued growth with a target price of Rs 3,664.
  • Mahindra Advances in EVs and Renewable Energy - 30 Dec, 2024

    Mahindra & Mahindra is expanding its footprint in the electric vehicle market with new SUV launches and securing investment for its EV arm. Additionally, it has launched Ultrogen Hybren to enhance its renewable energy initiatives.
  • M&M Acquires New Renewable Energy Subsidiary - 29 Dec, 2024

    Mahindra & Mahindra has acquired Ultrogen Hybren for Rs 15 lakh, a step-down subsidiary aimed at renewable energy production and electricity generation.
  • Mahindra's Strong Performance Amid GST Inspection - 28 Dec, 2024

    Mahindra & Mahindra is set for a promising 2025 with new electric SUVs and model updates. Despite a GST inspection, shares have surged nearly 80% this year, marking a significant performance milestone.
  • Mahindra & Mahindra Launches EVs, Receives Positive Forecasts - 27 Dec, 2024

    Mahindra & Mahindra is recommended as a top stock by DAM Capital. The company launched new electric SUVs targeting 20% EV sales by 2027. Strong wholesale dispatch forecasts indicate positive market sentiment.
  • Mahindra & Mahindra Sees Growth and New Ventures - 26 Dec, 2024

    Mahindra & Mahindra reported a 210 bps market share increase, strong sales growth, and plans for new electric vehicles in 2025. The stock closed higher following a financing partnership with Punjab National Bank.
  • Mahindra Unveils Sporty BE 6 and Luxurious XEV 9e - 25 Dec, 2024

    Mahindra's BE 6 electric SUV features two battery options, delivering up to 281 bhp and a range of 682 km. The new XEV 9e offers similar power and luxury, enhancing Mahindra's EV portfolio.
  • Mahindra & Mahindra Reports Growth and New Partnerships - 24 Dec, 2024

    Mahindra & Mahindra Ltd shows strong performance with a 10.12% revenue increase, partnerships for dealer financing, and the Scorpio leading SUV sales in 2024. The stock ended positively, reflecting investor confidence.
  • Mahindra Prepares for Electric SUV Deliveries - 23 Dec, 2024

    Mahindra will begin deliveries of its BE 6 and XEV 9e electric SUVs next year, targeting the premium segment with significant demand for top-end variants.
  • Mahindra & Mahindra Anticipates Record Sales Growth - 20 Dec, 2024

    Mahindra & Mahindra is projected to achieve significant sales growth of 22-23% by year-end 2024, reaching a milestone of 500,000 annual sales, driven by strong demand for models like Scorpio N and XUV700.
  • Mahindra & Mahindra Faces Potential Passive Outflows - 19 Dec, 2024

    Mahindra & Mahindra Ltd is expected to experience marginal passive outflows due to a reduction in its weightage in the Sensex index, as reported by Nuvama.
  • M&M Launches Electric SUVs, Sees Strong Growth - 18 Dec, 2024

    Mahindra & Mahindra reports a 12% increase in November auto sales, launches new electric SUVs, and anticipates significant growth in EV sales by 2026-27.

Insights on Mahindra & Mahindra Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, M&M has outperformed top 5 stocks with highest market-cap in Auto & Truck Manufacturers

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, M&M stock has moved up by 89.3%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, M&M has outperformed top 5 stocks with highest market-cap in Auto & Truck Manufacturers

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 12.42% to 12.64% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 14 quarters, 19.78K Cr → 39.04K Cr (in ₹), with an average increase of 5.0% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 18.14% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 3.28K Cr → 3.17K Cr (in ₹), with an average decrease of 3.4% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 40.95% to 40.29% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 9.36% to 9.26% in Sep 2024 quarter

News

Mahindra XEV 9e and BE 6 Test Drive and Booking Details Revealed

Mahindra has revealed key timelines of the new XEV 9e and BE 6 EVs. Back in November 2024, the carmaker announced the prices of the entry-level variants, followed by the prices of the top-end variants earlier this week. Mahindra has opened the option to add your preference starting 7 January. This will be followed by a three-phase process for the test drives. The latter will begin in six cities on 14 January as a part of phase 1, including Delhi, Mumbai, Bengaluru, Pune, Chennai, and Hyderabad. Similarly, phase 2 of the test drives will commence on 24 January in regions including Ahmedabad, Bhopal, Cochin, Coimbatore, Goa, Howrah, Indore, Jaipur, Jalandhar, Kolkata, Lucknow, Ludhiana, Surat, Vadodara, Chandigarh, and Trichy. In Phase 3, test drive will begin on a pan India basis from 7 February. Interested customers can book the BE 6 and XEV 9e EV siblings from 14 February. It is to be noted that the booking window will be open only for the 79kWh versions. Additionally, the carmaker will undertake the first lot of deliveries in early March.09 Jan, 2025 03:38 PM

Auto Sector Q3 Results Preview: Expect Modest Revenue and Profit Growth

While M&Ms auto volumes were up 17% YoY, tractors posted a smart recovery with a 20% YoY growth in Q3. While tractor segment margins should improve 100 bp QoQ to 18.5%, auto segment margin is expected to decline 50 bps QoQ to 9% due to high discounts and increased promotional spends in Q3FY25, as per MOFSL.09 Jan, 2025 03:01 PM

Mahindra Unveils New EV Manufacturing Facility in Chakan

Mahindra reveals new state-of-the-art EV manufacturing facility at Chakan. Mahindras Chakan-based EV facility will be the new hub for its upcoming Electric Origin SUVs. Mahindra has set the ground running when it comes with its extensive range of Electric Origin SUVs starting with the BE 6 and XEV 9e unveiled late last year. Mahindra has allocated Rs 4.500 crore out of the total Rs 16,000 crore planned in the FY22 – FY27 investment cycle. This includes manufacturing capacity, powertrain development, and two product top hats including software and tech. Mahindras EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem that leverages over 1000 robots and multiple automated transfer systems. The adoption of Industry 4.0 technologies, such as AMRs (Autonomous Mobile Robots) and AGVs (Automated Guided Vehicles), ensures seamless material movement, underscoring Mahindras commitment to safety, speed, and reliability in sustainable manufacturing. By combining localised battery assembly, high-end automation, and a dedication to innovation, Mahindra is reinforcing its commitment to Make in India for the World and contributing to Indias efforts to meet its COP26 targets for 2030.09 Jan, 2025 02:17 PM
View More

Mahindra & Mahindra Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹34,281.20Cr (-)₹35,218.32Cr (↑2.73%)₹35,373.34Cr (↑0.44%)₹37,010.06Cr (↑4.63%)₹37,689.04Cr (↑1.83%)
Net Income₹2,483.97Cr (-)₹2,977.04Cr (↑19.85%)₹3,124.94Cr (↑4.97%)₹3,545.78Cr (↑13.47%)₹3,361.06Cr (↓5.21%)
Net Profit Margin7.25% (-)8.45% (↑16.55%)8.83% (↑4.50%)9.58% (↑8.49%)8.92% (↓6.89%)

Index Inclusions

NIFTY 100

₹24,232.30

-0.79 (-193.7%)

Nifty100 Eq Weig

₹30,884.45

-0.89 (-277.45%)

S&P BSE Dividend Stability

₹982.19

-0.81 (-8%)

Nifty Auto

₹23,305.20

-0.28 (-64.95%)

BSE MFG

₹997.67

-0.57 (-5.75%)

Nifty 200

₹13,228.50

-0.82 (-109%)

Nifty LargeMidcap 250

₹15,456.50

-0.79 (-123.85%)

S&P BSE Momentum

₹2,150.46

-1.1 (-23.84%)

S&P BSE 100 LargeCap TMC

₹8,736.47

-0.77 (-67.97%)

NIFTY 50

₹23,526.50

-0.69 (-162.45%)

S&P BSE 100 ESG

₹389.66

-0.59 (-2.32%)

S&P BSE SENSEX 50

₹24,693.63

-0.68 (-168.4%)

BSE 100

₹24,818.41

-0.71 (-177.56%)

BSE 200

₹10,797.22

-0.77 (-83.82%)

Nifty India Consumption

₹11,373.35

0.05 (6.05%)

S&P BSE 250 LargeMidCap

₹10,247.95

-0.78 (-81.04%)

SENSEX

₹77,620.21

-0.68 (-528.28%)

S&P BSE Largecap

₹9,099.52

-0.73 (-66.98%)

BSE Auto

₹52,692.94

-0.14 (-75.38%)

Nifty 500

₹22,046.55

-0.83 (-185.25%)

BSE 500

₹34,678.20

-0.8 (-280.65%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Mahindra & Mahindra Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
18.14%
0.00
Foreign Institutions
40.29%
-1.60
Mutual Funds
12.64%
1.75
Retail Investors
9.26%
-1.05
Others
19.66%
2.81

Mahindra & Mahindra Ltd Key Indicators

Details20202021202220232024
Earning Per Share (₹)-2.913.6265.22102.14110.07

Mahindra & Mahindra Ltd Valuation

Mahindra & Mahindra Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-173.53x)

February 8, 2021

Today (28.99x)

January 8, 2025

Industry (36.33x)

January 8, 2025

Highest (449.04x)

June 23, 2020

LowHigh

Mahindra & Mahindra Ltd Earnings and Dividends

  • Mahindra & Mahindra Ltd Earnings Results

    Mahindra & Mahindra Ltd’s net profit jumped 35.05% since last year same period to ₹3,170.72Cr in the Q2 2024-2025. On a quarterly growth basis, Mahindra & Mahindra Ltd has generated -3.41% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Mahindra & Mahindra Ltd Dividends May,2024

    In the quarter ending March 2024, Mahindra & Mahindra Ltd has declared dividend of ₹21.10 - translating a dividend yield of 1.21%.

    Read More about Dividends

Mahindra & Mahindra Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Mahindra & Mahindra Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Mahindra & Mahindra Ltd

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Mahindra & Mahindra Ltd shares.

Mahindra & Mahindra Ltd (M&M) share price today is ₹3126.5

Mahindra & Mahindra Ltd is listed on NSE

Mahindra & Mahindra Ltd is listed on BSE

  • Today’s highest price of Mahindra & Mahindra Ltd is ₹3157.9.
  • Today’s lowest price of Mahindra & Mahindra Ltd is ₹3085.35.

PE Ratio of Mahindra & Mahindra Ltd is 28.99

PE ratio = Mahindra & Mahindra Ltd Market price per share / Mahindra & Mahindra Ltd Earnings per share

Today’s traded volume of Mahindra & Mahindra Ltd(M&M) is 24.34L.

Today’s market capitalisation of Mahindra & Mahindra Ltd(M&M) is ₹383765.43Cr.

Mahindra & Mahindra Ltd(M&MPrice
52 Week High
₹3237.05
52 Week Low
₹1575

Mahindra & Mahindra Ltd(M&M) share price is ₹3126.5. It is down -3.42% from its 52 Week High price of ₹3237.05

Mahindra & Mahindra Ltd(M&M) share price is ₹3126.5. It is up 98.51% from its 52 Week Low price of ₹1575

Mahindra & Mahindra Ltd(M&MReturns
1 Day Returns
40.4%
1 Month Returns
1.14%
3 Month Returns
-2.12%
1 Year Returns
89.34%