|
15 Mar 2025 |
Mahindra & Mahindra
|
Consensus Share Price Target
|
2643.50 |
3575.14 |
- |
35.24 |
buy
|
|
|
|
|
10 Feb 2025
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
2643.50
|
3664.00
|
3137.25
(-15.74%)
|
38.60 |
Buy
|
|
|
|
|
08 Feb 2025
|
Mahindra & Mahindra
|
ICICI Securities Limited
|
2643.50
|
3680.00
|
3198.45
(-17.35%)
|
39.21 |
Buy
|
|
|
Mahindra & Mahindra’s (M&M) EBITDA margin at 14.4% was up ~20bps QoQ (vs consensus estimate of 14.7%); auto segment’s EBIT margin was up 20bps QoQ at 9.7%, and FES EBIT margin increased 60bps QoQ to 18.1%.
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|
08 Feb 2025
|
Mahindra & Mahindra
|
Emkay
|
2643.50
|
2700.00
|
3198.45
(-17.35%)
|
Target met |
Sell
|
|
|
M&M registered a strong Q3, on expected lines, with ~20%/21% revenue growth in the auto/farm segments, respectively. M&M logged auto volume growth of 16% YoY to 245K units, wherein it saw 20%/7% YoY growth in SUVs/LCVs to 142K/67.5K units, respectively.
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|
08 Feb 2025
|
Mahindra & Mahindra
|
Motilal Oswal
|
2643.50
|
3675.00
|
3198.45
(-17.35%)
|
39.02 |
Buy
|
|
|
MM reported an in-line operating performance in 3QFY25. EBITDA margin expanded 160bp YoY to 14.6% (est. 14.2%) led by improved mix.
|
|
08 Feb 2025
|
Mahindra & Mahindra
|
BOB Capital Markets Ltd.
|
2643.50
|
3689.00
|
3198.45
(-17.35%)
|
39.55 |
Buy
|
|
|
Automotive and tractor segment volume grew in double digits by ~16% /20% YoY; reflects strong show in festive/post-festive season
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|
03 Dec 2024
|
Mahindra & Mahindra
|
Sharekhan
|
2643.50
|
3600.00
|
3027.30
(-12.68%)
|
36.18 |
Buy
|
|
|
We maintain a Buy rating on M&M with an SOTP-based revised PT of Rs. 3,600 on healthy traction in its PV segment, market leadership in tractors space, opportunity to grow in farm machinery segment, and a strong EV roadmap.
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|
28 Nov 2024
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
2643.50
|
3456.00
|
2898.70
(-8.80%)
|
30.74 |
Buy
|
|
|
|
|
27 Nov 2024
|
Mahindra & Mahindra
|
Geojit BNP Paribas
|
2643.50
|
3382.00
|
3004.80
(-12.02%)
|
27.94 |
Buy
|
|
|
|
|
27 Nov 2024
|
Mahindra & Mahindra
|
Emkay
|
2643.50
|
2700.00
|
3004.80
(-12.02%)
|
Target met |
Sell
|
|
|
We attended M&M’s unveiling of its first two born EV SUVs—BE 6e and XEV 9e, and are impressed by the strong specifications/features and competitive pricing (introductory prices ~6% and 22%, respectively, below those of current top-selling models in the targeted ICE-SUV segments).
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|
08 Nov 2024
|
Mahindra & Mahindra
|
ICICI Direct
|
2643.50
|
3600.00
|
2974.90
(-11.14%)
|
36.18 |
Buy
|
|
|
|
|
08 Nov 2024
|
Mahindra & Mahindra
|
BOB Capital Markets Ltd.
|
2643.50
|
3344.00
|
2974.90
(-11.14%)
|
26.50 |
Buy
|
|
|
Automotive segment grew by ~9% YoY and tractor volume at 3% YoY in the monsoon quarter; festive season sales were encouraging
|
|
07 Nov 2024
|
Mahindra & Mahindra
|
Motilal Oswal
|
2643.50
|
3420.00
|
2891.35
(-8.57%)
|
29.37 |
Buy
|
|
|
MM reported an in-line operating performance in 2QFY25. EBITDA margin expanded 150bp YoY to 14.3% (est. 13.5%).
|
|
07 Nov 2024
|
Mahindra & Mahindra
|
Sharekhan
|
2643.50
|
3490.00
|
2891.35
(-8.57%)
|
32.02 |
Buy
|
|
|
M&M reported AEBITDA at Rs. 3,950 crore in Q2FY2025 vs. estimate of Rs. 3,914 crore. This was the consecutive second quarter when it held up blended AEBITDA margin above 14% level.
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|
23 Sep 2024
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
2643.50
|
3326.00
|
3049.80
(-13.32%)
|
25.82 |
Buy
|
|
|
|
|
08 Aug 2024
|
Mahindra & Mahindra
|
Geojit BNP Paribas
|
2643.50
|
3026.00
|
2682.95
(-1.47%)
|
Target met |
Buy
|
|
|
|
|
01 Aug 2024
|
Mahindra & Mahindra
|
ICICI Securities Limited
|
2643.50
|
3349.00
|
2828.40
(-6.54%)
|
26.69 |
Buy
|
|
|
Mahindra & Mahindra’s (M&M) EBITDA margin, at 14.9% (up ~200bps QoQ), was 110bps higher than consensus. Auto/FES segment’s EBIT margin was up 70bps/270bps QoQ at 9.5%/18.5%
|
|
01 Aug 2024
|
Mahindra & Mahindra
|
ICICI Direct
|
2643.50
|
3460.00
|
2828.40
(-6.54%)
|
30.89 |
Buy
|
|
|
|
|
31 Jul 2024
|
Mahindra & Mahindra
|
Sharekhan
|
2643.50
|
3431.00
|
2907.80
(-9.09%)
|
29.79 |
Buy
|
|
|
M&M reported a beat in operating performance in Q1FY25 on account of healthy gross margin expansion, while bottomline missed the estimates on account of lower-than-expected other income.
|
|
25 Jul 2024
|
Mahindra & Mahindra
|
Motilal Oswal
|
2643.50
|
3300.00
|
2811.40
(-5.97%)
|
24.83 |
Buy
|
|
|
Mahindra & Mahindra's (MM) annual report FY24 outlines its strategic focus on its journey to "Deliver Scale" across its businesses, categorized into three buckets.
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|
18 Jun 2024
|
Mahindra & Mahindra
|
ICICI Direct
|
2643.50
|
3420.00
|
2961.90
(-10.75%)
|
29.37 |
Buy
|
|
|
|