Mahindra & Mahindra Ltd. NSE: M&M | BSE: 500520

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3618.90 10.90 (0.30%)

Near 52W High of ₹3723.80

1.0M

NSE+BSE Volume

NSE 17 Sep, 2025 10:58 AM (IST)

Mahindra & Mahindra Ltd. share price target

Mahindra & Mahindra Ltd. has an average share price target of 3504.40. The consensus estimate represents a downside of -3.16% from the last price of 3618.90. View 22 reports from 10 analysts offering long-term price targets for Mahindra & Mahindra Ltd..

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	17 Sep 2025	Mahindra & Mahindra	Consensus Share Price Target	3618.90	3791.00	-	4.76	buy	pdf Detailed Estimates
	10 Feb 2025	Mahindra & Mahindra	Prabhudas Lilladhar Target	3618.90	3664.00	3137.25 (15.35%)	Target met	Buy	pdf post cache		Broker Report MAHINDRA & MAHINDRA Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	08 Feb 2025	Mahindra & Mahindra	ICICI Securities Limited Target	3618.90	3680.00	3198.45 (13.15%)	Target met	Buy	pdf post cache		Broker Report In-line performance; new launches to drive growth ICICI Securities Limited 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%. pdf Copy Link Share on Share on Share on Share on Alert
	08 Feb 2025	Mahindra & Mahindra	Emkay	3618.90	2700.00	3198.45 (13.15%)	Target met	Sell	pdf post cache		Broker Report Healthy Q3; robust tractor growth to continue Emkay 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. pdf Copy Link Share on Share on Share on Share on Alert
	08 Feb 2025	Mahindra & Mahindra	Motilal Oswal Target	3618.90	3675.00	3198.45 (13.15%)	Target met	Buy	pdf post cache		Broker Report Operationally in line; healthy margin expansion Motilal Oswal MM reported an in-line operating performance in 3QFY25. EBITDA margin expanded 160bp YoY to 14.6% (est. 14.2%) led by improved mix. pdf Copy Link Share on Share on Share on Share on Alert
	08 Feb 2025	Mahindra & Mahindra	BOB Capital Markets Ltd. Target	3618.90	3689.00	3198.45 (13.15%)	Target met	Buy	pdf post cache		Broker Report Mahindra & Mahindra (BUY): All the segments delivering healthy performance; Maintain BUY BOB Capital Markets Ltd. Automotive and tractor segment volume grew in double digits by ~16% /20% YoY; reflects strong show in festive/post-festive season pdf Copy Link Share on Share on Share on Share on Alert
	03 Dec 2024	Mahindra & Mahindra	Sharekhan Target	3618.90	3600.00	3027.30 (19.54%)	Target met	Buy	pdf post cache		Broker Report In comes INGLO - Launchpad for BEVs Sharekhan 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. pdf Copy Link Share on Share on Share on Share on Alert
	28 Nov 2024	Mahindra & Mahindra	Prabhudas Lilladhar Target	3618.90	3456.00	2898.70 (24.85%)	Target met	Buy	pdf post cache		Broker Report MAHINDRA & MAHINDRA Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	27 Nov 2024	Mahindra & Mahindra	Geojit BNP Paribas Target	3618.90	3382.00	3004.80 (20.44%)	Target met	Buy	pdf post cache		Broker Report MAHINDRA AND MAHINDRA LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	27 Nov 2024	Mahindra & Mahindra	Emkay Reco Target	3618.90	2700.00	3004.80 (20.44%)	Target met	Sell	pdf post cache		Broker Report Impressive EV launch, though category adoption to be gradual Emkay 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). pdf Copy Link Share on Share on Share on Share on Alert
	08 Nov 2024	Mahindra & Mahindra	ICICI Direct Target	3618.90	3600.00	2974.90 (21.65%)	Target met	Buy	pdf post cache		Broker Report Mahindra & Mahindra ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	08 Nov 2024	Mahindra & Mahindra	BOB Capital Markets Ltd. Reco Target	3618.90	3344.00	2974.90 (21.65%)	Target met	Buy	pdf post cache		Broker Report Mahindra & Mahindra (BUY): Auto and Farm segments on healthy trajectory; maintain BUY BOB Capital Markets Ltd. Automotive segment grew by ~9% YoY and tractor volume at 3% YoY in the monsoon quarter; festive season sales were encouraging pdf Copy Link Share on Share on Share on Share on Alert
	07 Nov 2024	Mahindra & Mahindra	Motilal Oswal Target	3618.90	3420.00	2891.35 (25.16%)	Target met	Buy	pdf post cache		Broker Report Segmental performance in line Motilal Oswal MM reported an in-line operating performance in 2QFY25. EBITDA margin expanded 150bp YoY to 14.3% (est. 13.5%). pdf Copy Link Share on Share on Share on Share on Alert
	07 Nov 2024	Mahindra & Mahindra	Sharekhan Target	3618.90	3490.00	2891.35 (25.16%)	Target met	Buy	pdf post cache		Broker Report Inline operating performance, sanguine commentary Sharekhan 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. pdf Copy Link Share on Share on Share on Share on Alert
	23 Sep 2024	Mahindra & Mahindra	Prabhudas Lilladhar Target	3618.90	3326.00	3049.80 (18.66%)	Target met	Buy	pdf post cache		Broker Report MAHINDRA & MAHINDRA Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	08 Aug 2024	Mahindra & Mahindra	Geojit BNP Paribas Reco Target	3618.90	3026.00	2682.95 (34.89%)	Target met	Buy	pdf post cache		Broker Report MAHINDRA AND MAHINDRA LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	01 Aug 2024	Mahindra & Mahindra	ICICI Securities Limited Target	3618.90	3349.00	2828.40 (27.95%)		Buy	pdf post cache		Broker Report Margin beat across segments ICICI Securities Limited 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% pdf Copy Link Share on Share on Share on Share on Alert
	01 Aug 2024	Mahindra & Mahindra	ICICI Direct Target	3618.90	3460.00	2828.40 (27.95%)		Buy	pdf post cache		Broker Report Mahindra & Mahindra ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	31 Jul 2024	Mahindra & Mahindra	Sharekhan Target	3618.90	3431.00	2907.80 (24.45%)		Buy	pdf post cache		Broker Report Robust margins, guidance steady Sharekhan 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. pdf Copy Link Share on Share on Share on Share on Alert
	25 Jul 2024	Mahindra & Mahindra	Motilal Oswal Target	3618.90	3300.00	2811.40 (28.72%)	Target met	Buy	pdf post cache		Broker Report Working to “Deliver Scale” Motilal Oswal Mahindra & Mahindra's (MM) annual report FY24 outlines its strategic focus on its journey to "Deliver Scale" across its businesses, categorized into three buckets. pdf Copy Link Share on Share on Share on Share on Alert
	18 Jun 2024	Mahindra & Mahindra	ICICI Direct Target	3618.90	3420.00	2961.90 (22.18%)		Buy	pdf post cache		Broker Report Mahindra & Mahindra ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
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