The changes due to new agricultural laws will bring in a structural shift, which would lead to higher investment flows into the agricultural supply chain. With tractors being am important part of that chain, the tailwind for the farm equipment business is likely to get stronger
If the company is unable to improve operational and financial performances of its subsidiaries, it should move out of them. Rationalisation is required for better capital allocation.
While the LCV (light commercial vehicle) segment might see a delayed recovery, personal-vehicles segment would see a faster recovery. In the SUV space, players like KIA Motors are turning out to be worthy competitors. A course correction in the SUV space is needed. The company needs to rework its strategy to regain its lost market share in the automobile segment.
Company has spent 8.22% of its operating revenues towards interest expenses and 10.52% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)
PE Ratio
This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.
EPS - TTM
Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.
MCap
MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.
Sectoral MCap Rank
This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.
PB Ratio
Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.
Dividend Yield
Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.
Face Value
Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.
Beta
| 1 Month | 2.27 |
| 3 Months | 1.79 |
| 6 Months | 1.47 |
| 1 Year | 1.42 |
| 3 Years | 1.11 |
VWAP
Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.
52W H/L
This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.
Current
Mean Recos by 39 Analysts
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|---|
| Strong Buy | 17 | 17 | 17 | 15 |
| Buy | 17 | 17 | 17 | 18 |
| Hold | - | - | - | 2 |
| Sell | 3 | 3 | 3 | 3 |
| Strong Sell | 2 | 2 | 2 | 2 |
| # Analysts | 39 | 39 | 39 | 40 |
Employee & Interest Expense
Company has spent 8.22% of its operating revenues towards interest expenses and 10.52% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)| Quarterly | Annual | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|
| Total Income | 19,368.16 | 21,770.81 | 21,867.78 | 23,851.74 | 16,520.12 |
| Total Income Growth (%) | -11.04 | -0.44 | -8.32 | 44.38 | -19.41 |
| Total Expenses | 19,034.65 | 18,742.72 | 19,098.06 | 21,686.20 | 14,994.83 |
| Total Expenses Growth (%) | 1.56 | -1.86 | -11.93 | 44.62 | -27.75 |
| EBIT | 333.51 | 3,028.09 | 2,769.72 | 2,165.54 | 1,525.29 |
| EBIT Growth (%) | -88.99 | 9.33 | 27.90 | 41.98 | - |
| Profit after Tax (PAT) | 423.88 | 1,070.16 | 704.39 | 135.56 | -97.62 |
| PAT Growth (%) | -60.39 | 51.93 | 419.61 | - | - |
| EBIT Margin (%) | 1.72 | 13.91 | 12.67 | 9.08 | 9.23 |
| Net Profit Margin (%) | 2.19 | 4.92 | 3.22 | 0.57 | -0.59 |
| Basic EPS (₹) | -3.82 | 9.64 | 6.35 | 1.22 | -1.77 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Total Assets | 1,66,462.49 | 1,67,006.66 | 1,63,391.57 | 1,37,210.91 | 1,14,742.15 |
| Total Assets Growth (%) | -0.33 | 2.21 | 19.08 | 19.58 | 14.02 |
| Total Liabilities | 1,15,810.26 | 1,19,345.61 | 1,15,047.59 | 92,185.25 | 78,647.26 |
| Total Liabilities Growth (%) | -2.96 | 3.74 | 24.80 | 17.21 | 15.29 |
| Total Equity | 50,652.23 | 47,661.05 | 48,343.98 | 45,025.66 | 36,094.89 |
| Total Equity Growth (%) | 6.28 | -1.41 | 7.37 | 24.74 | 11.36 |
| Current Ratio (x) | 1.40 | 1.19 | 1.18 | 1.20 | 1.22 |
| Total Debt to Equity (x) | 1.43 | 1.56 | 1.35 | 1.23 | 1.35 |
| Contingent Liabilities | 8,934.97 | 9,130.31 | 9,426.10 | 7,284.08 | 7,018.57 |
All figures in Rs Cr, unless mentioned otherwise
Increase in Cash from Investing
Company has used Rs 18446.76 cr for investing activities which is an YoY increase of 167.54%. (Source: Consolidated Financials)| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Net Cash flow from Operating Activities | 17,908.83 | -1,456.93 | -4,347.29 | 681.86 | 183.09 |
| Net Cash used in Investing Activities | -18,446.76 | -6,894.83 | -7,168.17 | -5,467.93 | -5,875.38 |
| Net Cash flow from Financing Activities | 406.23 | 6,932.75 | 13,193.63 | 6,314.50 | 6,107.97 |
| Net Cash Flow | -117.65 | -1,393.97 | 1,672.37 | 1,529.14 | 415.77 |
| Closing Cash & Cash Equivalent | 3,374.59 | 4,745.03 | 6,139.00 | 4,466.63 | 2,937.49 |
| Closing Cash & Cash Equivalent Growth (%) | -28.88 | -22.71 | 37.44 | 52.06 | 16.49 |
| Total Debt/ CFO (x) | 3.33 | -42.91 | -12.44 | 66.19 | 219.82 |
All figures in Rs Cr, unless mentioned otherwise
| Annual | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Return on Equity (%) | 4.35 | 0.31 | 13.29 | 20.42 | 12.43 |
| Return on Capital Employed (%) | 9.85 | 9.60 | 11.75 | 12.01 | 11.55 |
| Return on Assets (%) | 1.08 | 0.07 | 3.25 | 5.47 | 3.22 |
| Interest Coverage Ratio (x) | 1.86 | 1.80 | 2.45 | 2.65 | 2.37 |
| Asset Turnover Ratio (x) | 44.62 | 45.13 | 64.09 | 67.11 | 73.00 |
| Price to Earnings (x) | 48.78 | 250.00 | 13.76 | 10.71 | 18.83 |
| Price to Book (x) | 2.12 | 0.79 | 1.83 | 2.19 | 2.34 |
| EV/EBITDA (x) | 9.79 | 6.60 | 7.78 | 9.18 | 9.73 |
| EBITDA Margin (%) | 19.80 | 18.86 | 15.55 | 15.04 | 13.68 |
MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21)
Tractors beat covid
F21 was an unusual year for the Indian tractor industry - though the pandemic resulted in demand slowdown in many industries, the demand in the tractor industry was growing rapidly and industry players were finding it difficult to full the demand due to supply constraints. In F21, the Indian tractor market (the world's largest by (volume), witnessed a growth of 27% over F20 and reached a peak level of 899,407. The rainfall during FY21 was 9% higher than Long Period Average (LPA) rainfall, with good temporal and spatial distribution. It is worth noting that in F21 we have had the 3rd highest cumulative rainfall in 25 years. It was also the first time since 1960 that India had two back-to-back above average monsoons. This also led to increase in reservoir levels. As a result, the country had two years of successive bumper crops, both during Rabi and Kharif season.
Commodity Prices - Potential trouble maker
A surge in post-pandemic global demand coupled with severe supply side constraints resulted a sharp rise in commodity prices. This impacted the cost of various inputs used by the industry, including castings, forgings, steel sheets and precious metals. While there was a significant impact of the same on material cost, your Company was able to limit the impact through concerted efforts towards cost reduction with various initiatives including VAVE activities. For F22, while your Company will take all steps to mitigate risks from the COVID-19 crisis, the increase in prices of certain commodities is likely to have an adverse impact on material cost in the first half of the financial year. However, the Company does expect prices of commodities to soften in the second half of the year with supply side constraints easing, limiting the impact. Your company will continue to work on mitigating the inflationary impacts through cost re-engineering and value engineering activities.
Assets and Debt
As at 31 March, 2021, the Property, Plant and Equipment and Intangible Assets stood at Rs. 15,012 crores as compared to Rs. 14,404 crores as at 31 March, 2020. During the year, the Company incurred capital expenditure of Rs. 2,839 crores (previous year Rs. 3,992 crores). The major items of capital expenditure were on new product development and capacity enhancement. Borrowings (including current maturities of long-term debt and unclaimed matured deposits) have increased from Rs. 3,068 crores in the previous year to Rs. 7,667 crores in the current year, mainly due to new borrowings in current year.
Bullish / Bearish signals for Mahindra & Mahindra Ltd. basis selected technical indicators and moving average crossovers.
MACD Crossover
Bullish signal on daily chart
Appeared on: 24 Sep 2021
Region: Negative
| Date | 10 days Gain/Loss % |
|---|---|
| 3 Aug 2021 | 3.09% |
| 14 Jul 2021 | -0.27% |
| 10 May 2021 | 3.73% |
| 15 Apr 2021 | 4.07% |
Average price gain of 3.63% within 10 days of Bullish signal in last 10 years
Stochastic Crossover
Bullish signal on weekly chart
Appeared on: 24 Sep 2021
Region: Equlibrium
| Date | 7 weeks Gain/Loss % |
|---|---|
| 13 Aug 2021 | 3.25% |
| 21 May 2021 | 4.16% |
| 19 Mar 2021 | 1.73% |
| 12 Feb 2021 | 1.45% |
Average price gain of 5.50% within 7 weeks of Bullish signal in last 10 years
| R1 | R2 | R3 | PIVOT | S1 | S2 | S3 | |
|---|---|---|---|---|---|---|---|
| Classic | 790.15 | 800.85 | 830.35 | 771.35 | 760.65 | 741.85 | 712.35 |
| 5 DAYS | 14 DAYS | 28 DAYS | |
|---|---|---|---|
| ATR | 17.49 | 16.36 | 16.73 |
Stock Returns vs Nifty 100
Stock gave a 3 year return of -11.17% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)Stock Returns vs Nifty Auto
Stock generated -11.17% return as compared to Nifty Auto which gave investors 3.72% return over 3 year time period. (as of last trading session)Choose from Peers
Choose from Stocks
Stock Returns vs Nifty 100
Stock gave a 3 year return of -11.17% as compared to Nifty 100 which gave a return of 61.69%. (as of last trading session)Stock Returns vs Nifty Auto
Stock generated -11.17% return as compared to Nifty Auto which gave investors 3.72% return over 3 year time period. (as of last trading session)1,484.27
Amount Invested (in Cr.)
6.82%
% of AUM
-2.38
% Change (MoM basis)
638.76
Amount Invested (in Cr.)
2.07%
% of AUM
0.00
% Change (MoM basis)
388.43
Amount Invested (in Cr.)
1.12%
% of AUM
1.10
% Change (MoM basis)
MF Ownership as on 31 August 2021
Price
781.0520.95 (2.76%)
Open Interest
1,15,73,100-830,900 (-7.18%)
| Open | High | Low | Prev Close | Contracts Traded | Turnover (₹ Lakhs) |
|---|---|---|---|---|---|
| 758.75 | 783.90 | 754.15 | 760.10 | 7,088 | 54,814.15 |
Open Interest as of 24 Sep 2021
| Meeting Date | Announced on | Purpose | Details |
|---|---|---|---|
| Aug 06, 2021 | Jul 27, 2021 | Board Meeting | Quarterly Results |
| Aug 06, 2021 | May 28, 2021 | AGM | Book closure from 17 Jul, 2021 to 6 Aug, 2021 |
| May 28, 2021 | May 21, 2021 | Board Meeting | Audited Results & Dividend |
| Feb 05, 2021 | Jan 27, 2021 | Board Meeting | Quarterly Results |
| Nov 10, 2020 | Oct 29, 2020 | Board Meeting | Quarterly Results |
| Type | Dividend | Dividend per Share | Ex-Dividend Date | Announced on |
|---|---|---|---|---|
| Final | 175% | 8.75 | Jul 15, 2021 | May 28, 2021 |
| Final | 47% | 2.35 | Jul 16, 2020 | Jun 12, 2020 |
| Final | 170% | 8.5 | Jul 18, 2019 | May 29, 2019 |
| Final | 150% | 7.5 | Jul 12, 2018 | May 29, 2018 |
| Final | 260% | 13.0 | Jul 13, 2017 | May 30, 2017 |
| All Types | Ex-Date | Record Date | Announced on | Details |
|---|---|---|---|---|
| Bonus | Dec 21, 2017 | Dec 23, 2017 | Nov 10, 2017 | Bonus Ratio: 1 share(s) for every 1 shares held |
| Splits | Mar 29, 2010 | Mar 30, 2010 | Jan 25, 2010 | Split: Old FV10.0| New FV:5.0 |
| Bonus | Sep 01, 2005 | Sep 02, 2005 | Jun 14, 2005 | Bonus Ratio: 1 share(s) for every 1 shares held |
| Bonus | Dec 20, 1995 | Jan 23, 1996 | Dec 07, 1996 | Bonus Ratio: 2 share(s) for every 3 shares held |
| Bonus | Dec 20, 1995 | Jan 23, 1996 | Nov 07, 1995 | Bonus Ratio: 2 share(s) for every 3 shares held |
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 96,900.64 Crore) operating in Auto sector. Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021. Show More
Keshub Mahindra
Chairman EmeritusAnand G Mahindra
Executive ChairmanAnish Shah
Managing Director & CEORajesh Jejurikar
Executive DirectorC P Gurnani
Non Exe.Non Ind.DirectorVijay Kumar Sharma
Nominee DirectorIndustry
Key Indices Listed on
Nifty 50, S&P BSE Sensex, Nifty 100, + 30 more
Address
Gateway Building,Apollo Bunder,Mumbai, Maharashtra - 400001
Mahindra & Mahindra Ltd. share price moved up by 1.20% from its previous close of Rs 779.45. Mahindra & Mahindra Ltd. stock last traded price is 788.80
| Share Price | Value |
|---|---|
| Today/Current/Last | 788.80 |
| Previous Day | 779.45 |
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