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Day Open
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Day High
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NSE Close — 25 Sep 2026
₹3,035.0
Change
+52.3 (1.75%)
Open
₹2,965.0
Prev. Close
₹2,982.7
Day High
₹3,045.0
Day Low
₹2,965.0
Volume Analysis
Traded
2,080,300
Delivered
1,351,546
Delivery %
64.97%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong return on equity (20.3%)
Weaknesses (2)
- •High debt-to-equity ratio (1.47)
- •Promoter holding is falling
Opportunities (2)
- •Strong 3-year EPS growth (18.5%)
- •Strong 3-year revenue growth (17.9%)
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹3,145.0 | ₹3,095.0 | ₹3,065.0 | ₹3,015.0 | ₹2,985.0 | ₹2,935.0 | ₹2,905.0 |
| Fibonacci | ₹3,095.0 | ₹3,064.44 | ₹3,045.56 | ₹3,015.0 | ₹2,984.44 | ₹2,965.56 | ₹2,935.0 |
| Camarilla | ₹3,057.0 | ₹3,049.67 | ₹3,042.33 | ₹3,015.0 | ₹3,027.67 | ₹3,020.33 | ₹3,013.0 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-19.3%
1 Week
-0.66%
1 Month
-8.97%
3 Months
-1.1%
6 Months
+0.12%
1 Year
-10.64%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹1,522.24
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
20.46%
Net margin 9.58% × asset turnover 0.63x × equity multiplier 3.39x
Company Overview
Sector
Automobile and Auto Components
Market Cap
₹379,664 Cr
P/E (TTM)
19.8
ROE
20.3%
Book Value
₹749.0
Face Value
₹5.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Mahindra & Mahindra Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Automobile and Auto Components sector, at 58/100. The strongest factor is Growth (95/100), while Momentum (15/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (20.3%); high debt-to-equity ratio (1.47); promoter holding is falling. FII holding has been falling.
TopFund Score — Fundamentals Quality
58/100 — AverageData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has delivered good profit growth of 50.6% CAGR over last 5 years
- +Company has been maintaining a healthy dividend payout of 21.4%
- −Stock is trading at 4.05 times its book value
- −Promoter holding is low: 18.4%
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
M&M ESOP Trust transferred shares to grantees on 22 September 2026 upon option exercise.
Dr. Anish Shah sold 76,357 M&M shares on 22 September 2026 for ESOP tax funding.
M&M participated in BOFA Securities 2026 Asia Pacific Conference in Hong Kong.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 33,892 | 34,436 | 35,299 | 35,452 | 37,218 | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | 58,188 |
| Expenses + | 27,642 | 28,706 | 29,075 | 28,848 | 29,975 | 30,790 | 33,239 | 34,658 | 37,117 | 37,166 | 41,939 | 44,855 | 47,360 |
| Operating Profit | 6,249 | 5,730 | 6,224 | 6,604 | 7,243 | 7,133 | 8,231 | 7,942 | 8,412 | 8,940 | 10,160 | 10,127 | 10,827 |
| OPM % | 18.0% | 17.0% | 18.0% | 19.0% | 19.0% | 19.0% | 20.0% | 19.0% | 18.0% | 19.0% | 20.0% | 18.0% | 19.0% |
| Other Income + | 1,065 | 812 | 756 | 750 | 733 | 1,126 | 719 | 1,110 | 1,210 | 1,134 | 976 | 1,137 | 1,121 |
| Interest | 1,719 | 1,835 | 1,945 | 1,989 | 2,108 | 2,217 | 2,362 | 2,397 | 2,431 | 2,347 | 2,405 | 2,407 | 2,560 |
| Depreciation | 1,128 | 1,139 | 1,123 | 1,335 | 1,248 | 1,302 | 1,495 | 2,029 | 1,548 | 1,669 | 2,163 | 1,943 | 1,760 |
| Profit before tax | 4,468 | 3,568 | 3,912 | 4,030 | 4,621 | 4,740 | 5,092 | 4,627 | 5,644 | 6,058 | 6,569 | 6,914 | 7,628 |
| Tax % | 18.0% | 30.0% | 24.0% | 22.0% | 23.0% | 29.0% | 29.0% | 23.0% | 22.0% | 35.0% | 24.0% | 24.0% | 21.0% |
| Net Profit + | 3,684 | 2,484 | 2,977 | 3,125 | 3,546 | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | 5,998 |
| EPS in Rs | 28 | 19 | 21 | 22 | 26 | 26 | 26 | 27 | 33 | 30 | 38 | 38 | 44 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 71,448 | 75,841 | 83,773 | 92,094 | 104,721 | 75,382 | 74,278 | 90,171 | 121,362 | 139,078 | 159,211 | 198,639 | 211,375 |
| Expenses + | 62,655 | 65,759 | 73,038 | 78,868 | 89,514 | 65,224 | 62,791 | 75,488 | 101,037 | 114,186 | 128,693 | 161,659 | 171,321 |
| Operating Profit | 8,793 | 10,082 | 10,735 | 13,226 | 15,207 | 10,158 | 11,487 | 14,683 | 20,325 | 24,892 | 30,518 | 36,980 | 40,054 |
| OPM % | 12.0% | 13.0% | 13.0% | 14.0% | 15.0% | 13.0% | 15.0% | 16.0% | 17.0% | 18.0% | 19.0% | 19.0% | 19.0% |
| Other Income + | 800 | 1,399 | 2,077 | 4,366 | 2,676 | 885 | 1,152 | 3,204 | 3,922 | 3,298 | 3,718 | 5,118 | 4,369 |
| Interest | 3,157 | 3,368 | 3,648 | 3,987 | 5,021 | 6,021 | 6,102 | 5,018 | 5,830 | 7,488 | 9,083 | 9,591 | 9,720 |
| Depreciation | 2,124 | 2,442 | 2,813 | 3,280 | 3,991 | 3,367 | 3,378 | 3,508 | 4,357 | 4,724 | 6,074 | 7,322 | 7,535 |
| Profit before tax | 4,313 | 5,672 | 6,350 | 10,326 | 8,871 | 1,655 | 3,158 | 9,362 | 14,060 | 15,978 | 19,080 | 25,185 | 27,169 |
| Tax % | 40.0% | 37.0% | 36.0% | 23.0% | 32.0% | 119.0% | 52.0% | 23.0% | 19.0% | 23.0% | 26.0% | 26.0% | — |
| Net Profit + | 3,381 | 3,554 | 4,051 | 7,958 | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,270 | 14,073 | 18,622 | 20,243 |
| EPS in Rs | 25 | 25 | 30 | 60 | 43 | 1 | 15 | 53 | 83 | 91 | 104 | 138 | 149 |
| Dividend Payout % | 23.0% | 21.0% | 22.0% | 11.0% | 17.0% | 205.0% | 54.0% | 20.0% | 18.0% | 21.0% | 22.0% | 22.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 25,561 | 26,222 | 29,467 | 36,232 | 39,439 | 39,415 | 41,027 | 46,567 | 55,809 | 65,633 | 76,481 | 92,538 |
| Borrowings + | 37,911 | 41,553 | 48,762 | 55,898 | 70,848 | 82,092 | 80,625 | 77,605 | 92,647 | 108,647 | 129,025 | 136,936 |
| Other Liabilities + | 30,608 | 31,806 | 35,296 | 43,696 | 51,057 | 43,655 | 42,762 | 47,661 | 55,270 | 59,884 | 69,950 | 86,021 |
| Total Liabilities | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 | 276,013 | 316,054 |
| Fixed Assets + | 19,047 | 20,585 | 20,989 | 26,182 | 28,983 | 29,689 | 21,380 | 26,018 | 27,140 | 28,129 | 34,636 | 38,459 |
| CWIP | 3,032 | 2,371 | 4,279 | 4,269 | 4,760 | 6,856 | 7,873 | 6,703 | 3,969 | 8,039 | 8,298 | 7,740 |
| Investments | 10,027 | 11,603 | 14,662 | 16,018 | 18,268 | 19,210 | 28,778 | 30,060 | 35,272 | 35,208 | 41,309 | 40,324 |
| Other Assets + | 62,270 | 65,293 | 73,905 | 89,900 | 109,878 | 109,960 | 106,938 | 109,607 | 137,902 | 163,345 | 191,771 | 229,531 |
| Total Assets | 94,376 | 99,852 | 113,835 | 136,369 | 161,889 | 165,716 | 164,968 | 172,388 | 204,283 | 234,722 | 276,013 | 316,054 |
| Equity Capital | 296 | 270 | 311 | 543 | 544 | 554 | 555 | 556 | 557 | 557 | 558 | 559 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,055 | 2,385 | 183 | 682 | -4,347 | -1,457 | 17,909 | 9,248 | -7,074 | -5,630 | 3,176 | 11,657 |
| Cash from Investing Activity + | -4,357 | -5,506 | -5,875 | -5,467 | -7,174 | -6,870 | -19,686 | -3,252 | -8,866 | -5,615 | -18,616 | -17,680 |
| Cash from Financing Activity + | 1,669 | 2,967 | 6,108 | 6,314 | 13,194 | 6,933 | 406 | -5,883 | 15,946 | 12,281 | 15,834 | 5,391 |
| Net Cash Flow | -1,633 | -154 | 416 | 1,529 | 1,672 | -1,394 | -1,370 | 113 | 6 | 1,037 | 394 | -632 |
| CFO/OP | 31 | 43 | 20 | 25 | -9 | 8 | 172 | 74 | -21 | -7 | 26 | 48 |
| Free Cash Flow | -3,661 | -1,729 | -4,780 | -5,109 | -11,546 | -8,251 | 13,283 | 3,328 | -13,241 | -15,303 | -6,633 | 2,545 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Others | 3.8% | 3.77% | 3.75% | 3.73% | 3.69% | 3.63% | 3.6% | 3.58% | 3.55% | 3.52% | 3.5% | 3.47% |
| Public | 9.73% | 9.71% | 9.7% | 9.57% | 9.44% | 9.66% | 9.78% | 9.77% | 9.93% | 10.03% | 10.25% | 10.47% |
| Promoters | 19.33% | 19.33% | 18.58% | 18.55% | 18.53% | 18.48% | 18.45% | 18.43% | 18.43% | 18.43% | 18.45% | 18.44% |
| Government | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% | 0.08% | 0.12% | 0.21% | 0.13% |
| FII | 40.26% | 40.86% | 41.75% | 41.9% | 41.18% | 38.92% | 38.3% | 38.53% | 38.04% | 37.49% | 36.23% | 34.89% |
| DII | 26.79% | 26.26% | 26.13% | 26.18% | 27.04% | 29.22% | 29.77% | 29.57% | 29.95% | 30.39% | 31.37% | 32.58% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Automobile and Auto Components — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Mahindra & Mahindra Ltd (this stock) | 379,664 | 19.8 | 4.05 | 20.3% |
| Maruti Suzuki India Ltd. | 379,327 | 26.5 | 3.54 | 14.3% |
| Bajaj Auto Limited | 309,457 | 26.3 | 8.11 | 29.2% |
| Eicher Motors Ltd | 205,068 | 35.3 | 8.16 | 24.0% |
| TVS Motor Company Ltd | 197,508 | 57.1 | 20.68 | 33.6% |
| Samvrdhna Mthrsn Intl Ltd | 174,898 | 38.3 | 4.28 | 11.2% |
| Hyundai Motor India Ltd | 170,390 | 34.4 | 8.52 | 29.9% |
Which Mutual Funds Hold Mahindra & Mahindra Ltd?
Frequently Asked Questions about Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd (M&M) closed at ₹3,035.0 on NSE on 25 September 2026, up 52.3 (1.75%) from the previous close.
Mahindra & Mahindra Ltd trades on the NSE (National Stock Exchange of India) under the symbol M&M.
Mahindra & Mahindra Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 19.8.
Mahindra & Mahindra Ltd has a dividend yield of 1.09%.
Mahindra & Mahindra Ltd's 52-week high is ₹3,840.0 and its 52-week low is ₹2,896.0.
Mahindra & Mahindra Ltd has a market capitalisation of ₹379,664 crore.
Mahindra & Mahindra Ltd has a TopFund Quality Score of 58/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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