Mahindra & Mahindra Ltd. News and Updates

Name: Latest research reports of Mahindra & Mahindra Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Mahindra & Mahindra Ltd.
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Author: Prabhudas Lilladhar

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Mahindra & Mahindra Ltd.

14 Jul 2020

3090.70

0.89%

Annual Report Analysis - Focus on firming up core - HOLD

Hold: Mahindra & Mahindra Ltd.

Target

Prabhudas Lilladhar

M&M;'s (MM) FY20 annual report focuses on strengthening core business and Change in Estimates | Target | Reco tightening capital allocation based on renewed management focus on turning around its core/strategic subsidiaries. Losses at key auto/farm subsidiaries...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

18 Jun 2020

3090.70

0.89%

MAHINDRA AND MAHINDRA LIMITED

Hold: Mahindra & Mahindra Ltd.

Target

Geojit BNP Paribas

Q4FY20 consolidated revenue fell 25.7% to Rs. 20,182cr, while EBITDA margin shrank 270bps YoY to 12.0% on increased costs. Adj. PAT declined 37.9% YoY to Rs. 448cr. Company wrote down its investments in US-based electric 2-wheeler business GenZe and S. Korea based automaker SsangYong Motor Co. We expect recovery in upcoming quarters as markets open up. As a market leader in farm equipment business, M&M; should benefit from pickup in tractor sales in coming months. We maintain our HOLD rating...

Mahindra & Mahindra Ltd. has gained 15.35% in the last 1 Month

Mahindra & Mahindra Ltd.

15 Jun 2020

3090.70

0.89%

Mahindra & Mahindra

Buy: Mahindra & Mahindra Ltd.

Target

ICICI Securities Limited

Mahindra & Mahindra (M&M;) reported a healthy operational performance in Q4FY20. Standalone net sales at | 9,144 crore were down 35% YoY (automotive revenues down 46%, tractor revenues down 3%), with automotive segment ASPs at | 6.1 lakh/unit and tractors segment ASP at | 5.3 lakh/unit being positive surprises. Standalone EBITDA margins at 12.4% were down 100 bps QoQ, with 290 bps gross margin expansion being overshadowed by negative operating leverage. Consequent standalone loss at PAT level of | 2,500 crore tracked exceptional charge of | 2,800 crore for...

Mahindra & Mahindra Ltd. has gained 15.35% in the last 1 Month

Mahindra & Mahindra Ltd.

14 Jun 2020

3090.70

0.89%

Q4FY20 Result Update - Reworked capital allocation; execution is key - HOLD

Hold: Mahindra & Mahindra Ltd.

Target

Prabhudas Lilladhar

MM to quit GenZe E-2W business while indicating no further investment in SsangYong going forward. Infact it would look to exit the business. MM+MVML 4QFY20 performance were operationally better with EBITDA at Rs12.3b (PLe Rs9.5b) due to improved gross margins at 35.7% (PLe 33.8%)....

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

Mahindra & Mahindra Ltd.

13 Jun 2020

3090.70

0.89%

Above est.; 25 % beat on EBITDA; focus on capital allocation

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

FY2224 capex could reduce to ~INR90b over three years v/s the earlier three Dr Shah (designated CEO) has laid out the path to create c) a differentiating core SUV positioning, and d) realizing the potential of nine has laid out a clear game plan on capital allocation for the past and future. Although it would tighten capital allocation norms, the company is not scaling back its growth ambition and would continue to invest in growth with a hurdle rate of The Tractors business is nearing normalcy with over 90% of dealers operational, 85% plant utilization, and good demand on the ground. However, MM's SUVs business is severely challenged, and we do not see any respite for MM in this category in the 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.

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

Mahindra & Mahindra Ltd.

12 Jun 2020

3090.70

0.89%

M

Buy: Mahindra & Mahindra Ltd.

Target

Sharekhan

Mahindra & Mahindra's (MM+MVML) Q4FY2020 operating results were ahead of our as well as street estimates as the company managed to maintain margins despite the steep fall in the topline. Better mix, soft commodity prices, and cost-control measures enabled the company to retain margins in a challenging demand environment. Going ahead, management expects quicker recovery in rural areas, driven by record rabi production, higher MSPs, outlook of a normal monsoon, and increased rural spending by the government. We expect M&M; to perform better than other automotive players, given it derives 35%...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

02 Jun 2020

3090.70

0.89%

A generational shift underway

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

2 June 2020 After a gap of almost 24 years, MM would see a leadership change with both Executive Chairman (Mr. Anand Mahindra) and MD & CEO (Dr. Pawan Goenka) retiring in 2021. Dr. Anish Shah would take over as MD & CEO from 2 in turn becoming the 5 MD of MM over the last 40 years. Dr. Shahs priorities seem clearly set out for the next few years, which includes (a) revisiting capital allocation in subsidiaries (over next 12 months), (b) funding of other group businesses, and (c) evaluating segregation of auto and FES business (over next 3-5 years). The initial signs on capital allocation are positive as is visible from the MM boards decision against investing a further USD406m in Ssangyong in Apr20; this, despite giving an approval earlier in Feb20. According to our estimates, rural markets should contribute ~62% to revenues, 81% to core PAT and ~70% to SOTP in FY22E. We have slotted MMs core business into three buckets viz.

Mahindra & Mahindra Ltd. has gained 15.35% in the last 1 Month

Mahindra & Mahindra Ltd.

04 May 2020

3090.70

0.89%

Auto Sector Update

Buy: Mahindra & Mahindra Ltd.

Target

ICICI Securities Limited

Rural slate forms > 50% of HMCL volumes. The company is the undisputed leader in the domestic motorcycle segment (a predominantly rural product), commanding 52% market share in the space as of FY20. In a post-Covid-19 world, enhanced awareness around social distancing (pan India basis) and apprehension around usage of congested public transport (largely relevant to urban, metro areas) are seen acting as a tailwind for lower ticket priced means of private transport, including entry and mid-level motorcycles (75125 cc). Consequently, HMCL's leadership in 75-110 cc products (Splendor, HF Deluxe & Passion) and 110-125 cc products (Glamour, Splendor 125)...

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

Mahindra & Mahindra Ltd.

18 Mar 2020

3090.70

0.89%

M&M - 3QFY20 Result Update

Mahindra & Mahindra Ltd.

Reliance Securities

Mahindra & Mahindra Ltd. has gained 15.35% in the last 1 Month

Mahindra & Mahindra Ltd.

12 Feb 2020

3090.70

0.89%

Mahindra & Mahindra (3QFY20): BSVI headwinds ahead. Maintain NEUTRAL

Neutral: Mahindra & Mahindra Ltd.

HDFC Securities

Maintain NEUTRAL as (1) Competition remains intense, with several SUV models displayed at the auto expo (2) Post BSVI, price hikes on diesel SUVs will impact profitability in the near term (3) The expected revival in tractor demand will partially offset the above. We advise investors to turn constructive on the stock after further clarity emerges on BSVI/favorable market responses to new launches. M&M;+MVMLs PAT at Rs 9.8bn was below estimates due to higher depreciation/tax rates. Demand outlook remains mixed. While SUV sales are likely to be impacted due to BSVI related price hikes, tractor demand will hold up on the back of good monsoons. The subsidiaries remain an overhang on the financial performance. We reiterate NEUTRAL with a Dec-21 SOTP of Rs 570.

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

Is Mahindra & Mahindra Ltd. worth buying?

825 Votes:

Buy 74.18%

Sell 14.91%

Hold 10.91%

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