Mahindra & Mahindra Ltd. News and Updates

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

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Mahindra & Mahindra Ltd.

08 Aug 2018

2997.80

-1.38%

Mahindra Mahindra: Banking on 3 New UV launches Upgrade BU...

Buy: Mahindra & Mahindra Ltd.

Target

Karvy

Banking on 3 New UV launches Upgrade BUY; M&M's Q1FY19 results were ahead of our estimates. The Company plans to launch three new UV models in the next 4-5 months.

Mahindra & Mahindra .. has an average target of 3496.40 from 10 brokers.

Mahindra & Mahindra Ltd.

08 Aug 2018

2997.80

-1.38%

Result Updates

Buy: Mahindra & Mahindra Ltd.

Angel Broking

For 1QFY2019, M&M posted good set of results, exceeding our expectations on both, top-line as well as bottom-line fronts. Revenues grew by ~9% yoy. On the bottom-line front, M&M reported growth of ~63% yoy to `1,221cr on the back of strong top-line growth and operating margin improvement. Outlook and Valuation: We expect M&M t..

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

Mahindra & Mahindra Ltd.

08 Aug 2018

2997.80

-1.38%

Mahindra & Mahindra - New launches to lift UV performance, FES business to grow on rural growth

Buy: Mahindra & Mahindra Ltd.

Target

LKP Securities

yoy from 3.9% yoy. FES margins zoomed up at 20.9% due to sharp surge in tractor margins along with the volumes offering operating leverage despite higher RM costs. Higher other income (by 30% yoy) standard tax rate (@30%) and maintained depreciation expenses (14% up yoy, 1.6% down qoq) led to PAT adjusted for exceptional...

Mahindra & Mahindra .. has an average target of 3496.40 from 10 brokers.

Mahindra & Mahindra Ltd.

27 Jul 2018, 12:00AM

2997.80

-1.38%

M&M; Financial

Buy: Mahindra & Mahindra Ltd.

JM Financial

Strong growth and asset quality improvement in a seasonally weak quarter MMFS recorded a strong performance in a seasonally weak quarter with PAT of INR 2.7bn (up 34% YoY) on IndAS basis. Comparable IGAAP PAT for 1QFY19 is INR 1.9bn vs. INR0.5bn in 1QFY18, a 4x YoY growth. Moreover, migration to IndAS had a positive 2% impact on BV. Other key highlights are: i) acceleration in disbursement growth (35% YoY) driven by CV/CE, pre-owned vehicles and SME segments; this led to AUM growth improving to 21% YoY from 16% last year. ii) GNPA ratio was stable at 9.4% in 1QFY19 with the lowest sequential increase in absolute GNPAs during the first quarter. Given the improved outlook for rural...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

09 Jul 2018

2997.80

-1.38%

Edelstar - Mahindra & Mahindra Ltd.

Buy: Mahindra & Mahindra Ltd.

Target

Edelweiss

M&M; is a diversified company with operations classified into nine...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

28 Jun 2018, 12:00AM

2997.80

-1.38%

Mahindra & Mahindra

Accumulate: Mahindra & Mahindra Ltd.

BOB Capital Markets Ltd.

We attended Mahindra & Mahindra's (MM) Farm Equipment Sector Day held on 26 June. Key takeaways: (1) large market opportunity in tractors to be tapped by focusing on the 550mn farmers globally with relatively small landholdings (sub-50hectares), (2) thrust on improving the company's presence in the Americas, Japan and Turkey, (3) efforts underway to expand the footprint in India's underpenetrated farm machinery market, (4) 3-brand strategy deployed to increase domestic market share, and (5) emphasis on...

Mahindra & Mahindra .. has an average target of 3496.40 from 10 brokers.

Mahindra & Mahindra Ltd.

27 Jun 2018, 12:00AM

2997.80

-1.38%

Aspiring for 50 % market share in domestic tractors

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

MM FES is <2% of global farm equipment market of USD160b, hence sees immense opportunity to scale up in global markets. Target farmers with <50 ha land holdings in global markets. - Target 50% market share in domestic tractors (v/s 43% currently), driven by strengthening position in relatively weaker market by offering market/crop specific solution and targeting price conscious market through Trakstar brand. In the base case, India FES segment revenues can double in 6 years (~12% CAGR). - Geographic expansion in target global markets to contribute ~50% (v/s <40% currently). - Aspiring farm mechanization to be USD1b consol FES revenues (v/s USD340m currently). At USD1b, MM's global market share would be just 1%. In India, non-tractor farm mechanization revenues are just ~INR3b as against industry size of INR70b (v/s tractor market size of ~INR390b). Global farm equipment market is USD160b, of which tractors is just USD60b.

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

Mahindra & Mahindra Ltd.

30 May 2018

2997.80

-1.38%

Mahindra Mahindra: Strong Performance Upgrade Estimates - ...

Buy: Mahindra & Mahindra Ltd.

Target

Karvy

Strong Performance Upgrade Estimates - BUY: During Q4FY18, Mahindra & Mahindra (M&M) net sales grew by 25.6% YoY toRs131.9bn (our estimates Rs133.3bn), driven by 25.3% volume growth and 0.3%increase in Average Realizations.

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

30 May 2018

2997.80

-1.38%

Mahindra & Mahindra - FES segment and new SUV product pipeline to drive the performance

Buy: Mahindra & Mahindra Ltd.

LKP Securities

M&M;'s standalone Q4FY18 revenues came in above street's expectations at 133 bn, growing at 19.6% yoy and 14.9% sequentially. Automotive volumes in the quarter grew by 28.2% qoq and 19.7% yoy on the back of overall growth in all the segments. FES volumes grew by 41% yoy. While the auto revenues moved up by 2.5% yoy, they scaled up by 28% qoq as CV and pick up businesses excelled sequentially. FES revenues zoomed up more than 23% yoy and fell by 9.3% qoq on seasonality. On profitability front, EBITDA margins went up to 13.2% from 8.4% yoy and 12.9% qoq. Auto EBIT margins improved to 8.4% due to better product mix and tight cost control despite RM costs soaring. Even FES margins zoomed up at 19.5% due to sharp...

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

30 May 2018

2997.80

-1.38%

Result Updates

Buy: Mahindra & Mahindra Ltd.

Target

Angel Broking

For 4QFY2018, M&M posted good set of results, exceeding our expectations on both, top-line as well as bottom-line fronts. Revenues grew by ~10% yoy. On the bottom-line front, M&M reported growth of ~70% yoy to `1,059cr on the back of strong top-line growth and operating margin improvement. Outlook and Valuation: We expect M&M ..

Mahindra & Mahindra Ltd. is trading above all available SMAs

Is Mahindra & Mahindra Ltd. worth buying?

829 Votes:

Buy 74.31%

Sell 14.84%

Hold 10.86%

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