If you’re always looking for a good investment opportunity, you might be interested in Mahindra and Mahindra’s share price target for the coming few years. Mahindra and Mahindra is a popular stock among investors because of its established track record of steady growth and prestige for innovation in the automobile industry. But, given the market’s uncertainties, is it a good stock to buy? Throughout this article, we’ll look more closely at Mahindra and Mahindra’s financials and share price targets from 2024 to 2030, to assist you in making a smart investment decision.
What is Mahindra and Mahindra?
Mahindra & Mahindra Limited, founded in 1945 as Mahindra & Mohammed and later renamed, stands as a prominent figure in India’s automotive, farming, and services sectors. With headquarters in Mumbai and a part of the Mahindra Group, it holds a significant position as one of India’s largest vehicle manufacturers by production.
Under the leadership of CEO Anish Shah, the company’s rich history, strong presence, and diverse offerings contribute to its revenue of 1.22 lakh crores INR (approximately US$15 billion) in 2023, while employing around 2,60,000 individuals.
Mahindra & Mahindra’s recent investment of Rs 417 crore for a 3.53% stake in RBL Bank is driven by a long-term view of 7-10 years. The move serves the dual purpose of gaining banking insights to enhance their financial services and leveraging synergies. The investment was attracted by favorable valuations, showcasing M&M’s strategic diversification and growth approach.
Mahindra and Mahindra Q3 FY24 Results Highlight
- Q3 FY24 results for Mahindra & Mahindra, announced on February 14, 2024:
- Topline revenue increased by 15.02%.
- Profit experienced a slight decline of 0.68% YoY.
- Compared to the previous quarter:
- Revenue grew by 2.73%.
- Profit increased by 13.23%.
- Selling, General & Administrative expenses declined by 1.09% q-o-q but increased by 9.15% Y-o-Y.
- Operating income showed growth:
- Up by 13.16% q-o-q.
- Increased by 8.28% Y-o-Y.
- Earnings per share (EPS) for Q3 FY24 stood at ₹23.76, reflecting a 16.49% increase Y-o-Y.
- Stock returns:
- -3.72% return in the last week.
- 5.5% return in the last six months.
- -4.18% year-to-date (YTD) return.
Below are the trading platforms that you can use to purchase Mahindra and Mahindra shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
January 2025 | ₹2,217.45 | ₹1,705.73 |
February 2025 | ₹2,274.31 | ₹1,749.47 |
March 2025 | ₹2,363.01 | ₹1,817.70 |
April 2025 | ₹2,316.67 | ₹1,782.06 |
May 2025 | ₹2,249.20 | ₹1,730.15 |
June 2025 | ₹2,350.41 | ₹1,808.01 |
July 2025 | ₹2,304.33 | ₹1,772.56 |
August 2025 | ₹2,375.59 | ₹1,827.38 |
September 2025 | ₹2,458.74 | ₹1,891.34 |
October 2025 | ₹2,522.67 | ₹1,940.51 |
November 2025 | ₹2,585.73 | ₹1,989.02 |
December 2025 | ₹2,650.38 | ₹2,038.75 |
Year | Maximum Price | Minimum Price |
2026 | ₹2,782.89 | ₹1,948.03 |
2027 | ₹3,061.18 | ₹2,142.83 |
2028 | ₹4,285.66 | ₹2,142.83 |
2029 | ₹3,710.53 | ₹1,855.26 |
2030 | ₹4,823.68 | ₹3,376.58 |
Financial Condition of Mahindra and Mahindra: Last 5 years
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Sales (Crore Rs) |
104,721 | 75,382 | 74,278 | 90,171 | 121,269 |
Expenses (Crore Rs) |
89,514 | 65,224 | 62,791 | 75,488 | 100,983 |
Operating Profit (Crore Rs) |
15,207 | 10,158 | 11,487 | 14,683 | 20,285 |
OPM % | 15% | 13% | 15% | 16% | 17% |
Other Income (Crore Rs) |
2,676 | 885 | 1,152 | 3,204 | 3,961 |
Interest (Crore Rs) |
5,021 | 6,021 | 6,102 | 5,018 | 5,830 |
Depreciation (Crore Rs) |
3,991 | 3,367 | 3,378 | 3,508 | 4,357 |
Profit before Tax (Crore Rs) |
8,871 | 1,655 | 3,158 | 9,362 | 14,060 |
Tax % | 32% | 119% | 52% | 23% | 19% |
Net Profit (Crore Rs) |
6,017 | -321 | 1,512 | 7,253 | 11,374 |
EPS (in Rs) | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 |
Dividend Payout % | 17% | 205% | 54% | 20% | 18% |
Looking at Mahindra and Mahindra’s financial statements for the last five years, the company has experienced fluctuations in its profit and revenue. The revenue growth rate for the company has been inconsistent, with a high of ₹121,269 crores in March 2023 and a low of ₹74,278 crores in March 2021.
However, the company’s net profit has shown a steady growth rate from ₹6,017 crores in March 2019 to ₹11,374 crores in March 2023, with a maximum of ₹8,871 crores in March 2019. The EPS has also fluctuated from ₹42.76 to ₹82.68 over the years. The price-to-earnings ratio has been relatively stable, with a maximum of 408.53 in July 2020 and a minimum of -153.57 in March 2021.
The company’s dividend payout ratio has been inconsistent, with a maximum of 205% in March 2020 and a minimum of 18% in March 2023. Overall, the company has shown some growth in profit and revenue, but with fluctuations in its financial statements over the last five years.
FAQS
As of 5th April 2024, the current share price of Mahindra and Mahindra is around 2,017 INR.
While it is difficult to predict the exact share price of any stock, based on current market trends and historical data, it is unlikely that Mahindra and Mahindra’s share price will reach 5000 INR by 2025.
The share Price target of Mahindra and Mahindra is expected to reach ₹4,823.68 by the end of 2030.
Factors like the company’s financial performance, market competition, government policies, global economic conditions, and consumer demand can impact the share price of Mahindra and Mahindra.
Is Mahindra and Mahindra a good stock to buy?
Mahindra and Mahindra have a strong presence in various sectors and have shown steady growth in their financial performance in recent years. While no stock is completely risk-free, Mahindra and Mahindra is considered a good stock to buy for long-term investment.
What is the dividend payout ratio of Mahindra and Mahindra?
How has Mahindra and Mahindra’s revenue growth been in the past five years?
What has been Mahindra and Mahindra’s profit growth in the past five years?
What is Mahindra and Mahindra’s price-to-earnings (P/E) ratio?
Mahindra and Mahindra’s P/E ratio has varied over the years, ranging from 12.23 to 278.85, depending on the company’s financial performance. As of December 2023, the P/E ratio is around 19.9.
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Conclusion
What did we learn?
- 1 What is Mahindra and Mahindra?
- 2 Mahindra and Mahindra Q3 FY24 Results Highlight
- 3 How to purchase Mahindra and Mahindra shares?
- 4 Mahindra and Mahindra Share Price Target: 2024 to 2030
- 5 Financial Condition of Mahindra and Mahindra: Last 5 years
- 6 FAQS
- 6.1 What is the current share price of Mahindra and Mahindra?
- 6.2 Can Mahindra and Mahindra’s share price reach 5000 INR by 2025?
- 6.3 What is the share price target of Mahindra and Mahindra for 2030?
- 6.4 What factors can impact the share price of Mahindra and Mahindra?
- 6.5 Is Mahindra and Mahindra a good stock to buy?
- 6.6 What is the dividend payout ratio of Mahindra and Mahindra?
- 6.7 How has Mahindra and Mahindra’s revenue growth been in the past five years?
- 6.8 What has been Mahindra and Mahindra’s profit growth in the past five years?
- 6.9 What is Mahindra and Mahindra’s price-to-earnings (P/E) ratio?
- 7 Conclusion