Obermatt

Mahindra & Mahindra

NSI:M&M · INE101A01026
AutomobilesXX-Large

360

64
Medium confidence — indicative
EV / EBIT15
Price / Owner Earnings18
Owner Earnings Yield60
Dividend Yield1
Price/Sales49
EV / Gross Profit51
Price/Book35
Return on Capital87
Cash Return on Capital75
Return on Equity88
EBIT Margin94
Gross Profitability78
Cash Conversion26
Owner Earnings Margin88
Sales growth86
Profit Growth100
Long-Term EPS Growth80
Reinvestment89
Price momentum33
Debt load19
Refinancing60
Debt Payback34
Liquidity37
Analyst ratings87
Opinion Changes55
Price Target Upside87
Market mood97
Value Creation17/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Mahindra & Mahindra generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryAutomobiles
SizeXX-Large
TypePublic Company
ExchangeNSEI
Founded1945
Employees22,844
ISININE101A01026
Last UpdateApr 2, 2026
Themes
AgriTechIndustrial AutomationUtility Scale SolarFarmingClean EnergyElectric VehicleAutomotiveManufacturingTransportation

Description

Mahindra & Mahindra Limited provides mobility products and farm solutions. The company is recognized for its leadership in several sectors including farm equipment, utility vehicles, information technology, and financial services. Business Segments…

Analysis

Quality compounder

Mahindra & Mahindra Limited is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 20.8× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 7% yearly growth; analysts expect 17%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 17/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
81
2023202420252026

All-time high

90

May 2025

All-time low

41

Jan 2023

Average rank

72

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
49
41
60
55
Price/Earnings
41
50
59
54
Price/Book
35
33
55
59
Dividend Yield
1
38
49
59
Value (overall)
22
31
45
64

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →