Mahindra & Mahindra Ltd. News and Updates

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

Keep track of all breaking news on Mahindra & Mahindra Ltd. from all sources in a single place.

Load latest

Mahindra & Mahindra Ltd.

12 Jun 2020, 12:00PM

3459.70

0.14%

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 below its 30 day SMA of 3509.7

Mahindra & Mahindra Ltd.

02 Jun 2020

3459.70

0.14%

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. is trading above its 200 day SMA of 3078.2

Mahindra & Mahindra Ltd.

04 May 2020

3459.70

0.14%

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 1677 to 1711 in Jun 2025 qtr.

Mahindra & Mahindra Ltd.

18 Mar 2020

3459.70

0.14%

M&M - 3QFY20 Result Update

Mahindra & Mahindra Ltd.

Reliance Securities

Mahindra & Mahindra Ltd. is trading above its 200 day SMA of 3078.2

Mahindra & Mahindra Ltd.

12 Feb 2020, 05:47AM

3459.70

0.14%

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 3504.40 from 10 brokers.

Mahindra & Mahindra Ltd.

12 Feb 2020, 12:00AM

3459.70

0.14%

Mahindra & Mahindra

Results Update: Mahindra & Mahindra Ltd.

SMC online

profit declined by 6% to Rs 3395.47 crore in Q3 FY20 from Q3 FY19. The combined operating margin (OPM) stood reported flat to 13.57% in Q3 FY20 as against 13.80% in Q3 FY19. The combined profit after tax declined by 85% to Rs 199.94 crore in Q3 FY20 from Q3 FY19. The vehicle sales fell 8% to 1.23 lakh units in Q3 FY20 from 1.33 lakh units in Q3 FY19. Tractor sales declined 6% to 81,435 units in Q3 FY20 compared with 87,036 units in Q3 FY19. Total...

Mahindra & Mahindra Ltd. is trading below its 30 day SMA of 3509.7

Mahindra & Mahindra Ltd.

11 Feb 2020

3459.70

0.14%

Result Review- M&M

Sell: Mahindra & Mahindra Ltd.

Hem Securities

Mahindra & Mahindra Limited operates in nine segments. The automotive segment includes sales of automobiles, spare parts and related services. Farm equipment segment includes sales of tractors, spare parts and related services; information technology (IT) services, which consists of services rendered for IT and telecom; financial services includes services relating to financing, leasing and hire purchase of automobiles and tractors; steel trading and processing includes trading and processing of steel; infrastructure includes...

Number of FII/FPI investors increased from 1677 to 1711 in Jun 2025 qtr.

Mahindra & Mahindra Ltd.

11 Feb 2020

3459.70

0.14%

Mahindra & Mahindra (ADD): Healthy core performance; subsidiaries a drag again

Buy: Mahindra & Mahindra Ltd.

Recommendation Target

BOB Capital Markets Ltd.

M&M;'s (MM) Q3 EBITDA at Rs 17.9bn (+5% YoY) beat estimates by ~5% on a strong margin uptick led by cost control and a richer auto model mix.

Mahindra & Mahindra Ltd. has gained 34.08% in the last 6 Months

Mahindra & Mahindra Ltd.

11 Feb 2020

3459.70

0.14%

Q3FY20 Result Update

Hold: Mahindra & Mahindra Ltd.

Target

Prabhudas Lilladhar

tractor industry growth guidance to growth of ~5% in FY21 (v/s 0-5% earlier). While MM is largest benefeciary of rural recovery benefitting tractor demand, it is highly exposed to BS6 transition and related cost increase challenge (with ~90% of its product portfolio is diesel dependent). Also increasing competion in its core forte (UV2 segment due to MG and Kia) to also dent auto segment performance. Hence, we downgrade MM+MVML FY21/22 EPS by 4% each. We believe valuations for MM is reasonable as expected uptick in tractor segment to partially offset by BS6 challenge in UV business. Hence...

Number of FII/FPI investors increased from 1677 to 1711 in Jun 2025 qtr.

Mahindra & Mahindra Ltd.

11 Feb 2020

3459.70

0.14%

Mahindra & Mahindra

Buy: Mahindra & Mahindra Ltd.

ICICI Securities Limited

M&M; is a leading tractor manufacturer domestically with leading market share of ~42% in the domestic market. The company has a strong presence in the southern as well as western regions, which are expected to stage a strong recovery courtesy robust rainfall activity and healthy Rabi crop sowing. Given the underpenetrated market domestically, we expect M&M; to continue its market leadership in farm mechanisation with tractor volumes expected to grow at CAGR of 7.4% in FY20-22E. In the domestic PV space, M&M; is a prominent player in the UV space with market share at ~20% as...

Mahindra & Mahindra Ltd. is trading below its 30 day SMA of 3509.7

Is Mahindra & Mahindra Ltd. worth buying?

868 Votes:

Buy 74.77%

Sell 14.63%

Hold 10.6%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf