|
22 May 2025 |
Mahindra & Mahindra
|
Consensus Share Price Target
|
3006.30 |
3562.43 |
- |
18.50 |
buy
|
|
|
|
|
16 May 2025
|
Mahindra & Mahindra
|
FundsIndia
|
3006.30
|
3747.00
|
3135.60
(-4.12%)
|
24.64 |
Buy
|
|
|
|
|
15 May 2025
|
Mahindra & Mahindra
|
Anand Rathi
|
3006.30
|
3600.00
|
3144.30
(-4.39%)
|
19.75 |
Buy
|
|
|
We are positive regarding Mahindra & Mahindra (M&M) due to its domestic market share gains across PVs, CVs and tractors.
|
|
06 May 2025
|
Mahindra & Mahindra
|
BOB Capital Markets Ltd.
|
3006.30
|
3689.00
|
3068.40
(-2.02%)
|
22.71 |
Buy
|
|
|
Automotive and tractor segment volume grew in double digits by ~16%/19% YoY; blended realisations gains ~7%/11% YoY/QoQ
|
|
05 May 2025
|
Mahindra & Mahindra
|
ICICI Securities Limited
|
3006.30
|
3500.00
|
3021.50
(-0.50%)
|
16.42 |
Buy
|
|
|
Mahindra & Mahindra’s (M&M) EBITDA margin, at 14.9%, was up ~30bps QoQ (I-Sec est.: 14.3%). Beat in margin was led by FES segment with EBIT margin up 130bps QoQ to 19.4% (I-Sec est.: 17.3%). Auto segment’s EBIT margin was down 50bps QoQ at 9.2%, in-line with our estimate.
|
|
05 May 2025
|
Mahindra & Mahindra
|
Motilal Oswal
|
3006.30
|
3482.00
|
3021.50
(-0.50%)
|
15.82 |
Buy
|
|
|
MM reported a better-than-expected operating performance in 4QFY25, led by a strong margin beat in the FES segment (at 19.4% vs 17.3% estimated). The QoQ margin improvement was particularly commendable as it came in a seasonally weak quarter.
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|
10 Feb 2025
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
3006.30
|
3664.00
|
3137.25
(-4.17%)
|
21.88 |
Buy
|
|
|
|
|
08 Feb 2025
|
Mahindra & Mahindra
|
ICICI Securities Limited
|
3006.30
|
3680.00
|
3198.45
(-6.01%)
|
22.41 |
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%.
|
|
08 Feb 2025
|
Mahindra & Mahindra
|
Emkay
|
3006.30
|
2700.00
|
3198.45
(-6.01%)
|
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.
|
|
08 Feb 2025
|
Mahindra & Mahindra
|
Motilal Oswal
|
3006.30
|
3675.00
|
3198.45
(-6.01%)
|
22.24 |
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.
|
3006.30
|
3689.00
|
3198.45
(-6.01%)
|
22.71 |
Buy
|
|
|
Automotive and tractor segment volume grew in double digits by ~16% /20% YoY; reflects strong show in festive/post-festive season
|
|
03 Dec 2024
|
Mahindra & Mahindra
|
Sharekhan
|
3006.30
|
3600.00
|
3027.30
(-0.69%)
|
19.75 |
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.
|
|
28 Nov 2024
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
3006.30
|
3456.00
|
2898.70
(3.71%)
|
14.96 |
Buy
|
|
|
|
|
27 Nov 2024
|
Mahindra & Mahindra
|
Geojit BNP Paribas
|
3006.30
|
3382.00
|
3004.80
(0.05%)
|
12.50 |
Buy
|
|
|
|
|
27 Nov 2024
|
Mahindra & Mahindra
|
Emkay
|
3006.30
|
2700.00
|
3004.80
(0.05%)
|
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).
|
|
08 Nov 2024
|
Mahindra & Mahindra
|
BOB Capital Markets Ltd.
|
3006.30
|
3344.00
|
2974.90
(1.06%)
|
11.23 |
Buy
|
|
|
Automotive segment grew by ~9% YoY and tractor volume at 3% YoY in the monsoon quarter; festive season sales were encouraging
|
|
08 Nov 2024
|
Mahindra & Mahindra
|
ICICI Direct
|
3006.30
|
3600.00
|
2974.90
(1.06%)
|
19.75 |
Buy
|
|
|
|
|
07 Nov 2024
|
Mahindra & Mahindra
|
Sharekhan
|
3006.30
|
3490.00
|
2891.35
(3.98%)
|
16.09 |
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.
|
|
07 Nov 2024
|
Mahindra & Mahindra
|
Motilal Oswal
|
3006.30
|
3420.00
|
2891.35
(3.98%)
|
13.76 |
Buy
|
|
|
MM reported an in-line operating performance in 2QFY25. EBITDA margin expanded 150bp YoY to 14.3% (est. 13.5%).
|
|
23 Sep 2024
|
Mahindra & Mahindra
|
Prabhudas Lilladhar
|
3006.30
|
3326.00
|
3049.80
(-1.43%)
|
10.63 |
Buy
|
|
|
|
|
08 Aug 2024
|
Mahindra & Mahindra
|
Geojit BNP Paribas
|
3006.30
|
3026.00
|
2682.95
(12.05%)
|
Target met |
Buy
|
|
|
|