NSE: M&M | BSE: 500520

Momentum Trap

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2982.10 -51.00 (-1.68%)

38.06% Gain from 52W Low

2.3M NSE+BSE Volume

NSE 09 May, 2025 3:31 PM (IST)

370,832.7

Market Cap

Market Runner Up

1.3

Beta 1Year

Very High Volatility

Mahindra & Mahindra Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for M&M, BSE:500520 Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd.

11 Feb 2020, 12:00AM

2982.10

-1.68%

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.

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

Mahindra & Mahindra Ltd.

11 Feb 2020, 12:00AM

2982.10

-1.68%

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...

Mahindra & Mahindra .. has an average target of 3452.12 from 8 brokers.

Mahindra & Mahindra Ltd.

11 Feb 2020, 12:00AM

2982.10

-1.68%

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...

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

Mahindra & Mahindra Ltd.

23 Dec 2019

2982.10

-1.68%

Pick Of The Week - Mahindra & Mahindra Ltd

Buy: Mahindra & Mahindra Ltd.

Target

Edelweiss

M&M; is a diversified company with operations classified into nine segmentsautomotive, which involves sales of UVs/CVs and 3Ws.

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

20 Dec 2019

2982.10

-1.68%

MAHINDRA AND MAHINDRA LIMITED

Hold: Mahindra & Mahindra Ltd.

Target

Geojit BNP Paribas

Q2FY20 consolidated revenue declined 5.9% YoY with automotive segment revenue falling steeply by 15.9% YoY on weaker volumes (domestic -21.5% YoY and exports -15.3%). Farm equipment segment...

Mahindra & Mahindra Ltd. has gained 18.19% in the last 1 Month

Mahindra & Mahindra Ltd.

05 Dec 2019

2982.10

-1.68%

Mahindra & Mahindra (Reinstate Coverage): Shifting sands. NEUTRAL

Neutral: Mahindra & Mahindra Ltd.

HDFC Securities

However, the expected revival in tractor demand (on the back of healthy monsoons) will partially offset the impact from the above. We would advise investors to turn constructive on the stock after further clarity emerges on BSVI/favorable market responses to new launches. We reinstate coverage on Mahindra & Mahindra (M&M;) with a NEUTRAL and a SOTP based Sep-21 TP of Rs 570. After outperforming the PV industry over the past decade, we expect growth rates for SUVs to converge. Further, as competition remains intense, M&M;s automotive segment margins are expected to remain under pressure.

Mahindra & Mahindra Ltd. has gained 35.98% in the last 1 Year

Mahindra & Mahindra Ltd.

11 Nov 2019, 12:00AM

2982.10

-1.68%

Mahindra & Mahindra - FES segment to drive numbers in FY 21

Buy: Mahindra & Mahindra Ltd.

Target

LKP Securities

M&M; posted inline performance in Q2 FY20 as EBIT margins improved on better than expected FES margins, despite a challenging market environment. M&M;'s standalone Q1FY20 revenues fell by 14.7% yoy and 14.3% qoq at 110 bn. Automotive volumes in the quarter dropped by 20% yoy driven by weak CV and UV volumes, while the overall volumes declined by 16% yoy. However, better product mix and price hikes led to a 2% improvement in ASPs. In 2QFY20, automotive volumes declined by 21% yoy led by weak consumer...

BOB Capital Markets Ltd. released a Buy report for Mahindra & Mahindra Ltd. with a price target of 3689.0 on 06 May, 2025.

Mahindra & Mahindra Ltd.

11 Nov 2019, 12:00AM

2982.10

-1.68%

Mahindra & Mahindra (M&M;): Result Review

Buy: Mahindra & Mahindra Ltd.

Target

Karvy

M&M; stock at 8.6xFY21 earningsBUY: During Q2FY20, M&Ms; sales declined by 14.5 percent YoY to Rs 109.4bn

Mahindra & Mahindra Ltd. is trading above all available SMAs

Mahindra & Mahindra Ltd.

09 Nov 2019

2982.10

-1.68%

Above est.; Superior operating performance despite weak volumes

Buy: Mahindra & Mahindra Ltd.

Target

Motilal Oswal

MMs festive season retail sales for Tractor declined 4%, while it grew 23% for the Auto segment; (b) 2HFY20 PV industry outlook - UVs to grow 12-13%, cars to decline 8-10% and overall PVs to decline 5-6%; (c) Tractors should decline 7-8% (v/s earlier guidance of up to 5% decline) in FY20; (d) Inventory Autos 5-6k units short of target and Tractors are at targeted level but would further reduce by 1-1.5k in 3QFY20; and (e) It has reduced discounts in Auto segment post the festive season. Net revenues (M&M;+MVML) declined ~14.5% to ~INR109.4b (v/s est EBITDA margins at 14.1% (v/s es.t 12.2%), declined ~180bp YoY (+50bp QoQ). PBIT margins for Tractors declined 80bp YoY (flat QoQ) to 19.3%, impacted by PBT at ~INR17.6b (v/s est. Further, we expect continued ramp-up in non-tractor mechanization (implements, harvesters etc.), which should result in stronger We expect headwinds for both pick-up UVs (~21% of FY19 volumes) as well as passenger UVs due to on-going weak demand environment as well as due to substantial price increase due to BS6 compliance.