Mahindra & Mahindra Ltd.    
14 Aug 2020
604.15
1.17%
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...
Mahindra & Mahindra Ltd. is trading above it's 200 day SMA of 514.8
Mahindra & Mahindra Ltd.    
11 Aug 2020
604.15
1.17%
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 79.83% in the last 6 Months
Mahindra & Mahindra Ltd.    
10 Aug 2020
604.15
1.17%
buy
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 Ltd. has gained 79.83% in the last 6 Months
Mahindra & Mahindra Ltd.    
10 Aug 2020
604.15
1.17%
Nirmal Bang Institutional
Positive tractor outlook and focus on capital allocation to drive performance Mahindra & Mahindra (M&M;) posted 1QFY21 adjusted PAT of Rs389.6mn, down ~96% YoY and lower than our expectation of Rs1.1bn, mainly due to lower than expected other income. It reported an exceptional gain of Rs288mn for the quarter towards profit on the sale of certain non-current assets by Ssangyong (SYMC). Net revenue of Rs55.89bn fell by ~56.4% YoY and was 3% above our estimate. Average selling price (ASP) for the Automotive and Farm Equipment segments grew by 13.4% YoY and 0.3% YoY, respectively. Net sales for the two segments declined by 74.5% YoY and ~24% YoY, respectively. EBITDA margin stood at 10.3%, down 370bps YoY and 70bps below our estimate. This decline was largely due to negative operating leverage partially...
Mahindra & Mahindra Ltd. is trading above it's 200 day SMA of 514.8
Mahindra & Mahindra Ltd.    
09 Aug 2020
604.15
1.17%
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 below it's 30 day SMA of 615.6
Mahindra & Mahindra Ltd.    
08 Aug 2020
604.15
1.17%
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 .. has an average target of 625.00 from 16 brokers.
Mahindra & Mahindra Ltd.    
08 Aug 2020
604.15
1.17%
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.
default
Number of FIIs/FPIs holding stock rose by 19 to 819 in Sep 2020 qtr.
Mahindra & Mahindra Ltd.    
20 Jul 2020
604.15
1.17%
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 .. has an average target of 625.00 from 16 brokers.
Mahindra & Mahindra Ltd.    
14 Jul 2020
604.15
1.17%
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 below it's 30 day SMA of 615.6
Mahindra & Mahindra Ltd.    
18 Jun 2020
604.15
1.17%
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 79.83% in the last 6 Months