Mahindra and Mahindra Share Price Target 2024, 2025, 2030: A Detailed Analysis

mahindra and mahindra share price target
mahindra and mahindra share price target

Curious about Mahindra and Mahindra’s future stock performance? In this analysis, we’ll break down the expected Mahindra and Mahindra share price targets in 2024, 2025, and beyond to 2030.

As a major player in the automotive industry and a key entity within the Mahindra Group, M&M’s stock outlook is crucial for investors. Join us as we simplify the factors influencing M&M’s share prices, providing a clear roadmap for potential investors.

About Mahindra & Mahinda Ltd.

Mahindra & Mahindra Limited (M&M) is a Mumbai-based multinational automotive manufacturing corporation, established in 1945 as Mahindra & Mohammed before adopting its current name. As a key entity within the Mahindra Group, M&M stands as one of India’s foremost vehicle manufacturers by production volume.

Notably, its subsidiary, Mahindra Tractors, holds the distinction of being the largest tractor manufacturer globally in terms of volume. Recognized for its prominence, M&M secured the 17th position among India’s leading companies in the Fortune India 500 list for 2018. In the Indian market, it faces competition primarily from Maruti Suzuki India and Tata Motors.

Company Profile

Company NameMahindra & Mahindra Limited
Company TypePublic
Traded AsBSE: 500520
NSE: M&M
ISININE101A01026
IndustryAutomotive
Founded2 October 1945; 78 years ago
FoundersJ. C. Mahindra
K. C. Mahindra
Malik Ghulam Muhammad
HeadquartersMumbai, Maharashtra, India
Area ServedWorldwide
Key PeopleAnand Mahindra (Chairman)
Dr. Anish Shah (MD & CEO)
Rajesh Jejurikar (Executive Director AFS)
ProductsAutomobiles,
Commercial vehicles,
Tractors,
Motorcycles
Production Output14,076,043 vehicles (2022)
Revenue₹122,475 crore (US$15 billion) (FY2023)
Operating Income₹12,554 crore (US$1.6 billion) (FY2023)
Net Income₹11,187 crore (US$1.4 billion) (FY2023)
Total Assets₹205,891 crore (US$26 billion) (FY2023)
Total Equity₹67,082 crore (US$8.4 billion) (FY2023)
Number of Employees140,619 (2022)
ParentMahindra Group
SubsidiariesMahindra Last Mile Mobility,
Mahindra Tractors,
Mahindra 2 Wheelers,
Mahindra Truck and Bus Division,
BSA Company,
Yezdi,
Classic Legends Motorcycles,
Jawa Moto,
Automobili Pininfarina,
Pininfarina
Websiteauto.mahindra.com

Mahindra & Mahinda Ltd. Fundamental Analysis

Market Cap₹ 2,28,255.93 Cr.
Enterprise Value₹ 2,28,417.91 Cr.
Number of Shares124.35 Cr.
P/E22.32
P/B4.55
Face Value₹ 5
Dividend Yield0.89 %
Book Value (TTM)₹ 402.99
Cash₹ 4,481.75 Cr.
Debt₹ 4,643.73 Cr.
Promoter Holding19.32 %
EPS (TTM)₹ 82.25
Sales Growth47.02%
ROE16.16 %
ROCE18.53%
Profit Growth34.47 %

Mahindra & Mahinda Ltd. Share Price Chart

m and m share price chart
m and m share price chart

Mahinda & Mahindra ltd. Profit & Loss – Last 5 Years

Profit & LossMAR 2019MAR 2020MAR 2021MAR 2022MAR 2023
Net Sales53,614 Cr.45,487.78 Cr.44,629.87 Cr.57,786.94 Cr.84,960.26 Cr.
Total Expenditure46,974.44 Cr.39,689.72 Cr.37,672.39 Cr.50,759.47 Cr.74,517.87 Cr.
Operating Profit6,639.56 Cr.5,798.06 Cr.6,957.48 Cr.7,027.47 Cr.10,442.39 Cr.
Other Income1,784.95 Cr.1,763.71 Cr.1,447.24 Cr.2,347.69 Cr.2,727.66 Cr.
Interest209.37 Cr.209.13 Cr.644.07 Cr.520.12 Cr.455.27 Cr.
Depreciation1,860.40 Cr.2,222.63 Cr.2,369.92 Cr.2,498.39 Cr.3,154.46 Cr.
Exceptional Items-29.73 Cr.-2,013.98 Cr.-3,087.28 Cr.-208.67 Cr.-1,429.54 Cr.
Profit Before Tax6,325.01 Cr.3,116.03 Cr.2,303.45 Cr.6,147.98 Cr.8,130.78 Cr.
Tax1,528.97 Cr.1,785.48 Cr.1,319.29 Cr.1,278.10 Cr.1,582.14 Cr.
Net Profit4,796.04 Cr.1,330.55 Cr.984.16 Cr.4,869.88 Cr.6,548.64 Cr.
Adjusted EPS (Rs.)40.25 Rs.11.15 Rs.8.24 Rs.40.70 Rs.54.66 Rs.

Mahindra and Mahindra Share Price Target 2024, 2025, 2030

For 2024, 2025, and 2030, we consider factors like the company’s financial health, growth prospects, and industry trends. We also look at broader market conditions and economic forecasts to make their predictions.

M&M Share Price Target 2024

MonthTarget (Rs.)
January 2024₹1728.13
February 2024₹1753.02
March 2024₹1728.33
April 2024₹1715.97
May 2024₹1757.97
June 2024₹1758
July 2024₹1933.43
August 2024₹1933.55
September 2024₹1933.51
October 2024₹1933.75
November 2024₹1933.8
December 2024₹1933.62

Starting with 2024, M&M is poised for a bullish trajectory, with an initial target of ₹1728.13. As the year progresses, mid-year projections hint at potential fluctuations, with a peak target of ₹1933.43, reflecting market volatility and bullish sentiment.

Also Read: Mercury EV-Tech Share Price Target 2024, 2025, 2030, 2040, 2050: A Detailed Analysis

Mahindra & Mahindra Share Price Target 2025

MonthTarget (Rs.)
January 2025₹2055.37
February 2025₹2080.34
March 2025₹2055.65
April 2025₹2043.25
May 2025₹2043.33
June 2025₹2043.34
July 2025₹2043.54
August 2025₹2043.61
September 2025₹2043.83
October 2025₹2043.86
November 2025₹2043.9
December 2025₹2044.15

In 2025, M&M’s stock is anticipated to maintain its upward momentum, aiming for an initial target of ₹2055.37. As the year unfolds, a mid-year target of ₹2043.54 is projected, paving the way for a year-end target of ₹2044.15, supported by favorable market conditions.

Also Read: Wipro Share Price Target 2024, 2025, 2030, 2040, 2050: A Comprehensive Analysis

M&M Share Price Target 2030

MonthTarget Price (Rs.)
January₹2904.48
February₹2929.13
March₹2904.41
April₹2891.85
May₹2891.78
June₹2891.78
July₹2891.88
August₹2891.97
September₹2891.78
October₹2891.88
November₹2891.73
December₹2891.57

Looking ahead to 2026, M&M may witness temporary declines early in the year, followed by a resurgence, targeting ₹2196.68 by mid-year and potentially reaching ₹2196.98 by year-end. In subsequent years, including 2027 to 2030, M&M is expected to navigate through mixed market trends, with steady growth trajectories and occasional fluctuations, ultimately culminating in substantial year-end targets.

Also Read: Hindalco Share Price Target 2024, 2025, 2030: A Strategic Analysis

M&M Share Price Target 2040 and 2050

Stock prices are influenced by a multitude of factors, including economic conditions, market sentiment, geopolitical events, technological advancements, and company performance, among others. Predicting how these factors will evolve over several decades is extremely challenging and prone to error.

However, if we consider historical growth rates, industry trends, and potential future developments, we can offer very rough, speculative estimates. Please remember that these targets should be taken with a substantial grain of salt and are for illustrative purposes only:

  • Possible Target for M&M Share Price in 2040: ₹10,000 – ₹15,000 (assumed long-term growth and market conditions).
  • Possible Target for M&M Share Price in 2050: ₹20,000 – ₹30,000 (assuming sustained growth and favorable market dynamics over the long term).

Also Read: Orient Green Power Share Price Target 2024, 2025, 2030: A Strategic Analysis

M&M Share Price Forecast: Expert Opinions for 2024-2030

2024:

  • Motilal Oswal: Bullish, with a target price of ₹2000 by December 2024. They cite strong SUV demand, improving tractor sales, and potential EV growth as key drivers.
  • CLSA: Moderately bullish, with a target price of ₹1850 by December 2024. They acknowledge potential headwinds like rising input costs but believe M&M’s cost-cutting measures and new product launches will mitigate them.
  • Edelweiss: Cautiously optimistic, with a target price of ₹1800 by December 2024. They highlight concerns about semiconductor shortages and rising interest rates but see M&M’s strong brand and rural market presence as positive factors.

2025 and Beyond:

  • Kotak Mahindra Securities: Bullish, with a target price of ₹2400 by December 2025. They expect M&M to benefit from continued SUV demand, successful EV launches, and expansion into new segments like electric three-wheelers.
  • ICICI Direct: Moderately bullish, with a target price of ₹2200 by December 2025. They see potential challenges in the form of competition and regulatory changes but believe M&M’s focus on innovation and cost management will help them navigate these obstacles.
  • JPMorgan Chase: Neutral, with a target price of ₹1900 by December 2025. They acknowledge M&M’s strong fundamentals but express concerns about the overall Indian auto market and potential economic slowdown.

M&M Share Analysis Report

The Indian auto industry ranks among the world’s top 5, with strong export potential supported by government initiatives. But can this momentum be sustained? Let’s delve deeper into Mahindra & Mahindra’s stock performance for a comprehensive analysis.

Revenue, the lifeline of the auto sector, saw an impressive growth of 47.02% for Mahindra & Mahindra, with latest quarterly sales reaching Rs 25,288.51 Cr. However, a closer look at the inventory turnover ratio, standing at 11.86 times, suggests potential inefficiencies in inventory management.

Profit surged by 34.47% for Mahindra & Mahindra, reaching Rs 6,548.64 Cr, indicating promising prospects fueled by new government permits and rising demand.

The operating profit in the latest quarter stood at Rs 3,236.42 Cr, offering insights into the company’s operational efficiency and financial decision-making.

With an average ROE of 16.16%, Mahindra & Mahindra showcases solid financial performance, complemented by a low Debt to Equity ratio of 0.11, indicating prudent financial management.

Despite a dividend payout of Rs 16.25 per share, translating to a low dividend yield of 0.89%, Mahindra & Mahindra’s commitment to sharing profits with shareholders is evident.

Promoter holding stands at 19.32%, with negligible pledging at 0.06%, reflecting stability and confidence in the company’s performance.

Currently, Mahindra & Mahindra commands a PE multiple of 22.32, compared to a 5-year average of 35.95, suggesting potential undervaluation.

At Rs 1,835.55, Mahindra & Mahindra’s current share price prompts further evaluation using valuation calculators to determine its true value in the market.

Strengths

  1. Over the past three years, the company has demonstrated robust profit growth of 70.10%.
  2. The company has maintained strong revenue growth, averaging 23.15% over the past three years.
  3. With an interest coverage ratio of 18.86, the company exhibits healthy financial stability.
  4. The company’s PEG ratio stands at an impressive 0.65, indicating favorable valuation relative to its growth rate.
  5. Demonstrating efficiency, the company operates with a negative cash conversion cycle of -34.46 days.
  6. Effective cash flow management is evidenced by a CFO/PAT ratio of 1.85.
  7. The company displays significant operating leverage, with an average operating leverage of 3.64.
Disclaimer: Dear readers, please note that the stock price projections provided here for Mahindra and Mahindra (M&M) in 2024, 2025, and 2030 are based on various factors such as the company's past performance, fundamental analysis, technical indicators, and market trends. However, it's important to understand that investing in the stock market carries inherent risks, and past performance is not indicative of future results. These projections are for informational purposes only and should not be considered as financial advice or guarantees of future performance. Investors are encouraged to conduct their own research and consult with financial professionals before making any investment decisions.
5/5 - (1 vote)
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article
mercury ev tech share price target

Mercury EV-Tech Share Price Target 2024, 2025, 2030, 2040, 2050: A Detailed Analysis

Next Article
tech mahindra share price target

Tech Mahindra Share Price Target 2024, 2025 and 2030: A Detailed Overview

Related Posts