|
03 May 2025 |
Mahindra & Mahindra
|
Consensus Share Price Target
|
2926.20 |
3481.06 |
- |
18.96 |
buy
|
|
|
|
|
20 Jun 2023
|
Mahindra & Mahindra
|
Sharekhan
|
2926.20
|
1550.00
|
1396.45
(109.55%)
|
Target met |
Buy
|
|
|
|
|
31 May 2023
|
Mahindra & Mahindra
|
Geojit BNP Paribas
|
2926.20
|
1486.00
|
1319.00
(121.85%)
|
Target met |
Buy
|
|
|
|
|
30 May 2023
|
Mahindra & Mahindra
|
BOB Capital Markets Ltd.
|
2926.20
|
1665.00
|
1328.45
(120.27%)
|
Target met |
Buy
|
|
|
Robust Q4 volume growth of 22% YoY despite slow tractor sales; prudent product mix aids realisation gains of 13%
|
|
29 May 2023
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
2926.20
|
1585.00
|
1330.15
(119.99%)
|
Target met |
Buy
|
|
|
|
|
28 May 2023
|
Mahindra & Mahindra
|
ICICI Direct
|
2926.20
|
1600.00
|
1281.85
(128.28%)
|
Target met |
Buy
|
|
|
|
|
27 May 2023
|
Mahindra & Mahindra
|
ICICI Securities Limited
|
2926.20
|
1478.00
|
1281.85
(128.28%)
|
Target met |
Buy
|
|
|
Mahindra & Mahindra’s (M&M) Q4FY23 EBITDA margin at 12.4% (-60bps QoQ) was ~30bps lower than consensus as FES segment margin remained flat QoQ other than lower FES segment revenue mix QoQ. Automotive segment revenue increased 11% QoQ to Rs164bn, and FES revenue fell 11% QoQ to Rs55bn.
|
|
27 May 2023
|
Mahindra & Mahindra
|
Motilal Oswal
|
2926.20
|
1500.00
|
1281.85
(128.28%)
|
Target met |
Buy
|
|
|
|
|
26 May 2023
|
Mahindra & Mahindra
|
Sharekhan
|
2926.20
|
1550.00
|
1281.85
(128.28%)
|
Target met |
Buy
|
|
|
|
|
28 Mar 2023
|
Mahindra & Mahindra
|
ICICI Securities Limited
|
2926.20
|
1386.00
|
1128.30
(159.35%)
|
Target met |
Buy
|
|
|
Mahindra & Mahindra (M&M) has corrected ~20% in the past couple of months due to fears of El Nino impacting tractor demand in FY24 along with receding waiting period of its UV portfolio. In the past 15 years, on four occasions of El Nino, tractor volume declined by an average of ~12%. Thus, we are building in 12% tractor volume decline for M&M in FY24 as against our earlier estimate of ~6% growth.
|
|
08 Mar 2023
|
Mahindra & Mahindra
|
Motilal Oswal
|
2926.20
|
1525.00
|
1289.95
(126.85%)
|
Target met |
Buy
|
|
|
|