Mahindra & Mahindra Ltd. News and Updates

Name: Latest research reports of Mahindra & Mahindra Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Mahindra & Mahindra Ltd.
Rating: 5
Author: Geojit BNP Paribas

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Mahindra & Mahindra Ltd.

15 Feb 2021

3063.50

-2.06%

MAHINDRA AND MAHINDRA LIMITED

Buy: Mahindra & Mahindra Ltd.

Target

Geojit BNP Paribas

EBIT margin dwindled 12.4% (vs. 11.2% in Q2FY21) as costs increased partially offset by improved topline. Adj. PAT rose significantly vs. Q3FY20 to Rs. 851cr post adjusting for exceptional losses worth Rs....

Mahindra & Mahindra .. has an average target of 3468.56 from 9 brokers.

Mahindra & Mahindra Ltd.

07 Feb 2021

3063.50

-2.06%

Mahindra & Mahindra

Buy: Mahindra & Mahindra Ltd.

Target

ICICI Securities Limited

We expect sales, adjusted PAT to grow at 20%, 40% CAGR, respectively, in FY21E-23E. Volume visibility, sharper capital allocation focus (SsangYong Motor now classified as discontinued operation, not to be consolidated into financials) & EV proactiveness help us maintain BUY on M&M.; We value it at | 1,000/share on SOTP basis (8.5x FY23E EV/EBITDA for base business; 20% holding company discount to its investments; previous target: | 870)....

Mahindra & Mahindra .. has an average target of 3468.56 from 9 brokers.

Mahindra & Mahindra Ltd.

06 Feb 2021

3063.50

-2.06%

Above est.; strong performance in both FES and Autos

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

Mahindra & Mahindra (MM)'s 3QFY21 performance was driven by good performance in both the Tractors (FES) and Autos businesses. Furthermore, it has guided for an almost 90% reduction in international subsidiary losses in FY22E, driven by the completion of phase-1 of the capital allocation exercise. MM has twin levers of core business recovery as well as benefits of tightening capital allocation for EPS growth and re-rating. We upgrade FY21/FY22E EPS by 14%/20% to reflect volume upgrade in Tractors & Autos, tighter cost control, lower depreciation, and higher other...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

06 Feb 2021

3063.50

-2.06%

Q3FY21 Result Update - Subs clean-up in last lag, turnaround gather pace - BUY

Buy: Mahindra & Mahindra Ltd.

Target

Prabhudas Lilladhar

M&M;'s 3QFY21 results were operationally better with a record EBITDA of Rs23.9bn (PLe Rs22.7bn). EBIT margins for FES were at 23.4% (+400bp YoY) led by operating leverage and cost controls. Challenges related to semi conductors shortage to impact LCV and UV volumes till 1QFY22. Strict focus on capital allocation and international subs is now visible as 1) international subs (FES and Auto) loss declined significantly to Rs0.9bn (from Rs4.65bn),...

Number of FII/FPI investors increased from 1614 to 1677 in Mar 2025 qtr.

Mahindra & Mahindra Ltd.

04 Jan 2021

3063.50

-2.06%

Mahindra & Mahindra

Buy: Mahindra & Mahindra Ltd.

Target

ICICI Securities Limited

M&M; announced a JV with Ford in October 2019 and we were quite enthused by M&M;'s access to Ford's automobile capacity in India. M&M;, however, has notified that it is amicably calling off the JV with ford amid increase in capital requirement for the proposed JV (initially envisaged at ~| 1,400 crore). M&M; has not made any meaningful investments on this...

Mahindra & Mahindra .. has an average target of 3468.56 from 9 brokers.

Mahindra & Mahindra Ltd.

28 Dec 2020

3063.50

-2.06%

SK Maini, founder of Maini group, no more

Business Line

Sudarshan Kumar Maini, 87, founder of the Maini Group of industries, manufacturers of India's first electric car Reva, passed away on December 26 aft

Mahindra & Mahindra .. has an average target of 3468.56 from 9 brokers.

Mahindra & Mahindra Ltd.

25 Nov 2020

3063.50

-2.06%

Company Update - Shaping up itself! Reiterate BUY

Buy: Mahindra & Mahindra Ltd.

Target

Prabhudas Lilladhar

Capital allocation exercise gathered pace in 1HFY21 as MM continued its focus on exiting non core/loss making business. We reiterate BUY on M&M; (MM) led by 1) positive rural sentiments and stable tractor outlook providing margins and cash-flow cushion to compete in UV business, 2) renewed focus to gain back lost market share in UV business with new product launches, 3) dominating presence in LCVs to help ride CV upcycle and 4) increased focus on capital allocation with exit of non-core...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

23 Nov 2020

3063.50

-2.06%

Better-than-expected business recovery in SUVs

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

Our positive view on MM is based on a strong recovery in Tractors, LCVs recovering in 2HFY21 and positive development on capital allocation. We were not banking on any positive development in its SUV business, but have taken stock of MM's SUV and LCV business in this note. Both businesses have so far positively surprised us. The company is reorienting its SUV business to maintain its DNA and brand position and garner market share. Thar's success shows that it is on the right track. The MM and Ford JV got delayed due to the COVID-19 pandemic. However, the product pipeline reflects some promising upgrades in its UV portfolio....

Number of FII/FPI investors increased from 1614 to 1677 in Mar 2025 qtr.

Mahindra & Mahindra Ltd.

13 Nov 2020

3063.50

-2.06%

MAHINDRA AND MAHINDRA LIMITED

Buy: Mahindra & Mahindra Ltd.

Recommendation Target

Geojit BNP Paribas

Festive season demand, high kharif output, new product launches, improving supply side constraints should drive the growth momentum in upcoming quarter. Hence, we upgrade our rating on the stock to BUY with a revised TP of Rs. 751 based on 24x FY22E adj. EPS. On track to recovery with tractor sales leading from front Q2FY21 revenue rose 44.4% QoQ (-1.5% YoY) to Rs. 23,567cr on the back of improved demand seen in both farm equipment and auto segment. Among its largest segments, Automotive segment revenue grew 70.2% QoQ (-8.1% YoY) to Rs. 11,081cr, while...

Number of FII/FPI investors increased from 1614 to 1677 in Mar 2025 qtr.

Is Mahindra & Mahindra Ltd. worth buying?

825 Votes:

Buy 74.18%

Sell 14.91%

Hold 10.91%

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