Mahindra & Mahindra Ltd. News and Updates

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

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Mahindra & Mahindra Ltd.

10 Nov 2020

3095.90

-1.03%

Above est.; Best-ever margins led by FES; Exiting Aerospace

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

Mahindra & Mahindra's (MM) 2QFY21 earnings were driven by strong performance in the Tractor business and steady recovery in Autos. Further, it announced exit from the Aerospace business, which had losses of INR3-4b in FY20. While MM's core business would recover faster, focus on tightening capital allocation could act as a re-rating catalyst. Hence, we see twin levers of EPS growth and re-rating. We upgrade FY21/FY22E EPS by 8%/6.5% to reflect volume upgrade in Tractors as well as tighter cost control. MM is one of the few Auto stocks...

Mahindra & Mahindra Ltd. has gained 15.54% in the last 1 Month

Mahindra & Mahindra Ltd.

10 Nov 2020

3095.90

-1.03%

Mahindra & Mahindra (SELL): Tractor sales upbeat; valuations expensive maintain SELL

Sell: Mahindra & Mahindra Ltd.

BOB Capital Markets Ltd.

M&M;'s (MM) Q2FY21 revenue grew 6% YoY to Rs 115.9bn and EBITDA margin was above our estimate at 17.8%.

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

Mahindra & Mahindra Ltd.

10 Nov 2020

3095.90

-1.03%

Q2FY21 Result Update - Farm segment drive performance - BUY

Buy: Mahindra & Mahindra Ltd.

Recommendation Target

Prabhudas Lilladhar

FY21 domestic tractor industry growth guidance at 10-12% (v/s 5% earlier). M&M;'s 2QFY21 results exceeded our expectations with record EBITDA margins delivery by M&M;+MVML's at 17.8% (+370bp YoY, PLe ~14%). The beat was led by strong performance in FES. EBIT margins for FES was recorded at 24.4% (+5% YoY) led by operating leverage and cost controls. In 2QFY21, with focus on prudent capital allocation, M&M; exited Gipps Aerospace business (Aircraft manufacturing division). Also it was able to turn...

Mahindra & Mahindra Ltd. has gained 15.54% in the last 1 Month

Mahindra & Mahindra Ltd.

14 Aug 2020

3095.90

-1.03%

MAHINDRA AND MAHINDRA LIMITED

Hold: Mahindra & Mahindra Ltd.

Target

Geojit BNP Paribas

We expect recovery from hereon as markets open up. The management is focusing to clear supply chain constraints and increase utilization level to meet up the demand. We reiterate our HOLD rating on the stock...

Anand Rathi released a Buy report for Mahindra & Mahindra Ltd. with a price target of 3600.0 on 15 May, 2025.

Mahindra & Mahindra Ltd.

11 Aug 2020

3095.90

-1.03%

Mahindra & Mahindra

Results Update: Mahindra & Mahindra Ltd.

SMC online

Mahindra & Mahindra's business is diversified across farm equipment, auto and automotive components, real estate, hospitality, information technology, defence and aerospace and financial services, Q1FY21 PAT slumps 94% to Rs 55 cr...

Mahindra & Mahindra Ltd. has gained 15.54% in the last 1 Month

Mahindra & Mahindra Ltd.

10 Aug 2020

3095.90

-1.03%

M

Buy: Mahindra & Mahindra Ltd.

Arihant Capital

M&M; + MVML Profit for the quarter de-grew by 97% YoY to Rs 678 Mn during Q1FY21.Net sales stood at Rs. 55,894 mn (-56.4% YoY / -37.9% QoQ). Gross margins expanded by 31 bps to 35.2% driven by commodity cost benefits and cost rationalization measures by the company. EBITDA was at Rs. 5,732 mn (-68.0% YoY / -53.3% QoQ) with margin of 10.3% (-38bps YoY / 34bps QoQ). The total volumes (auto + tractors) de-grew by 58.5% YoY to 90,536 units led by subdued demand. The blended realisation has seen an...

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

Mahindra & Mahindra Ltd.

09 Aug 2020

3095.90

-1.03%

Mahindra & Mahindra

Buy: Mahindra & Mahindra Ltd.

Target

ICICI Securities Limited

Domestic tractor industry is continuing to be at the forefront of post-Covid automotive recovery in India. Against overall auto industry's ~36% YoY fall in July retail volumes, tractor segment volumes rose 35%. M&M;, as market leader with dominant 41.2% domestic market share as of FY20, is also benefitting from present sector tailwinds. Rural income levels stay on a relatively firmer footing with cash flows healthy on the back of strong Rabi harvest, rise in crop MSPs, healthy water table levels. Moreover, amid ongoing normal monsoon progress (1% above LPA as of July 31), strong...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

08 Aug 2020

3095.90

-1.03%

Above est.; Strong performance in FES

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

Tractors market share declined 39.1% in 1QFY21 (v/s 41.2% in FY20) due to supply side Current demand is 50-60% of normal; however, a clearer picture would emerge over the next 3-4 months. However, MM's SUVs business is severely challenged, and we do not see any respite for the company in this category in The Tractors segment has been seeing volume recovery since Dec19, driven by improvement in farm-level indicators such as output prices, lower input prices, higher government spend in rural areas, and unusually strong water reservoir levels. We upgrade FY21/FY22E EPS by 9%/3% to reflect the volume upgrade in tractors and UVs, as well as the improving mix MM's recent outperformance, valuations are still at a substantial discount to its five-year average (which captures both pain points of deterioration in the UV market share and the subsidiaries' performance).

Mahindra & Mahindra Ltd. has gained 15.54% in the last 1 Month

Mahindra & Mahindra Ltd.

08 Aug 2020

3095.90

-1.03%

Mahindra & Mahindra (SELL): Tractors save the day; valuations rich maintain SELL

Sell: Mahindra & Mahindra Ltd.

Recommendation Target

BOB Capital Markets Ltd.

M&M;'s (MM) Q1FY21 revenues dropped 56% YoY to Rs 56bn, EBITDA declined 68% to Rs 5.7bn and PAT nosedived 96% to Rs 389mn.

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

Mahindra & Mahindra Ltd.

20 Jul 2020, 12:00AM

3095.90

-1.03%

Revisiting capital allocation

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

Besides listing out priority areas for the auto and FES businesses, it also explains future growth areas for farm mechanization and M&M; is focused on using the current crisis (in the form of substantial losses in global businesses) to reboot (streamline capital allocation policy and bring accountability), reinvent (realize the potential of few unlisted businesses) and reignite value creation for all its stakeholders. M&M; is continuing its focus on farm mechanization to address concerns of farm productivity and labor shortage. aims to provide an integrated agronomy advisory, mechanized services and high-tech digital solutions to small farmers to reduce their cost of cultivation, enhance productivity and improve farming outcomes. M&M; is also focusing on the shared logistics segment for both personal mobility as well as cargo logistics. It further expanded its presence in this segment by acquiring stake in (shared personal mobility).

Mahindra & Mahindra Ltd. is trading above all available SMAs

Is Mahindra & Mahindra Ltd. worth buying?

825 Votes:

Buy 74.18%

Sell 14.91%

Hold 10.91%

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