Mahindra & Mahindra share price
NSE: M&MBSE: 500520AutomobilesLarge Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹2,864.10.
- Next results date: the board meets on 5 Nov 2026 to consider: financial results and other business matters.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,55,798 Cr14th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 Jul 2026
- 19.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 5 May 2026
- 3.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.15%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 Jul 2026
- 21.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 30 Jul 2026
- 13.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 5 May 2026
- 1.18
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 22,94,55956.6% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 30 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹58,188 Crup 5.83%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,998 Crup 14.02%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 10.3%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2021, the company's revenue for that year, ₹74,278 Cr, differs from its quarters added, ₹82,970 Cr; the company reports a discontinued business.
| ₹ crore | Sep 2024Filed 7 Nov | Dec 2024Filed 7 Feb | Mar 2025Filed 10 Jun | Jun 2025Filed 30 Jul | Sep 2025Filed 4 Nov | Dec 2025Filed 11 Feb | Mar 2026Filed 5 May | Jun 2026Filed 30 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37,924 | 41,470 | 42,599 | 45,529 | 46,106 | 52,100 | 54,982 | 58,188 |
| Net profit | 3,361 | 3,624 | 3,542 | 4,377 | 3,964 | 5,021 | 5,260 | 5,998 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 8.9% | 8.7% | 8.3% | 9.6% | 8.6% | 9.6% | 9.6% | 10.3% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- AutomotiveAutomotive, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,17,834 Crup 29.74%57.7%
- Farm EquipmentFarm Equipment, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹42,568 Crup 20.33%20.9%
- Industrial Businesses and Consumer ServicesIndustrial Businesses and Consumer Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹22,749 Crup 19.91%11.1%
- Financial ServicesFinancial Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹20,949 Crup 14.50%10.3%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2021: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 34% of 2,280 trading days over the last 10 years.
At or below today's level on 67% of 1,968 trading days since Nov 2018.
At or below today's level on 19% of 1,968 trading days since Nov 2018.
At or below today's level on 87% of 2,476 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +12.0% | +32.1% | −16.1% | 1.1% |
| 3 years | +37.7% | +18.3% | +15.5% | 1.1% |
| 5 years | +31.2% | +56.5% | −16.9% | 1.2% |
Mutual funds holding it
581 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 196 of the 293 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 6 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 173
- CutCut. Funds that held fewer shares than at the end of the month before.
- 120
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 276
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 11
| Fund | |||
|---|---|---|---|
 Parag Parikh Flexi Cap FundPPFAS Mutual Fund | 1,91,22,225 | 3.89% | ₹5,641.1 Cr |
 SBI Nifty 50 ETFSBI Mutual Fund | 1,73,28,611 | 2.52% | ₹5,111.9 Cr |
| SBI BSE Sensex ETFSBI Mutual Fund | 1,20,30,984 | 3.07% | ₹3,546.0 Cr |
 ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 65,01,087 | 2.51% | ₹1,917.8 Cr |
 UTI Nifty 50 ETFUTI Mutual Fund | 59,42,775 | 2.52% | ₹1,753.1 Cr |
| UTI BSE Sensex ETFUTI Mutual Fund | 56,69,040 | 3.07% | ₹1,670.9 Cr |
 Nippon India ETF Nifty 50 BeESNippon India Mutual Fund | 55,62,996 | 2.52% | ₹1,641.1 Cr |
| Nippon India Large Cap FundNippon India Mutual Fund | 43,24,811 | 2.49% | ₹1,275.8 Cr |
 Axis Large Cap FundAxis Mutual Fund | 38,13,639 | 3.85% | ₹1,125.0 Cr |
| ICICI Prudential Nifty 50 ETFICICI Prudential Mutual Fund | 36,47,575 | 2.52% | ₹1,076.0 Cr |
Peers and competitors
Automobiles, 27 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Mahindra & Mahindra in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Maruti Suzuki IndiaMARUTI | 3,53,074 | 24.6 | 3.3 | 16.6 | +26.6% | −1.4% | 14.1% | 13.2% | 1.25% |
 Bajaj AutoBAJAJ-AUTO | 2,76,782 | 23.5 | 7.1 | 20.0 | +36.9% | +54.9% | 31.8% | 22.3% | 1.49% |
 Eicher MotorsEICHERMOT | 1,93,977 | 33.6 | 7.7 | 31.4 | +28.1% | +19.3% | 24.9% | 20.7% | 1.16% |
 TVS Motor CompanyTVSMOTOR | 1,89,094 | 55.2 | 19.8 | 24.2 | +30.2% | +43.7% | 37.9% | 18.0% | 0.30% |
 Hyundai Motor IndiaHYUNDAI | 1,50,320 | 30.4 | 7.5 | 17.8 | +3.6% | −10.3% | 27.3% | 27.1% | 1.14% |
 Hero MotoCorpHEROMOTOCO | 1,01,011 | 18.5 | 4.7 | 13.7 | +25.6% | +8.2% | 26.7% | 29.2% | 3.67% |
 Tata Motors Passenger VehiclesTMPV | 97,452 | – | 0.9 | – | −18.6% | – | – | – | 1.13% |
 Ather EnergyATHERENERG | 54,731 | – | 21.3 | – | – | – | −25.4% | −15.3% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 3 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹33.00 |
| 4 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹25.30 |
| 5 Jul 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹21.10 |
| 14 Jul 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹16.25 |
| 14 Jul 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹11.55 |
| 15 Jul 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹8.75 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
15 Oct · Analysts
13 Oct · Analysts
10 Oct · Analysts
Mahindra & Mahindra share price by year
Each calendar year to 2025.Mahindra & Mahindra share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,709.20 | +23.3% | 3,757.30 | 2,491.25 |
| 2024 | 3,007.10 | +73.9% | 3,194.30 | 1,595.20 |
| 2023 | 1,729.40 | +38.4% | 1,734.45 | 1,128.30 |
| 2022 | 1,249.20 | +49.2% | 1,354.05 | 690.55 |
| 2021 | 837.15 | +16.2% | 960.30 | 728.70 |
| 2020 | 720.60 | +35.6% | 755.00 | 269.00 |
| 2019 | 531.55 | −33.9% | 773.35 | 505.70 |
| 2018 | 803.85 | +7.0% | 983.85 | 707.80 |
| 2017 | 751.10 | +26.8% | 778.15 | 594.45 |
| 2016 | 592.35 | −6.9% | 748.93 | 563.30 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 2,853.00 | 2,861.20 | 2,802.40 | 2,861.20 | 2,826.25 | 22,94,559 | 56.6% |
| 22 Oct 2026 | 2,850.00 | 2,873.00 | 2,818.20 | 2,864.10 | 2,848.82 | 17,56,551 | 49.6% |
| 21 Oct 2026 | 2,920.00 | 2,920.00 | 2,840.00 | 2,889.00 | 2,869.93 | 24,28,228 | 61.4% |
| 19 Oct 2026 | 2,930.00 | 2,938.60 | 2,885.60 | 2,907.00 | 2,904.46 | 21,42,503 | 54.1% |
| 16 Oct 2026 | 2,858.00 | 2,934.50 | 2,837.00 | 2,920.90 | 2,897.84 | 25,41,998 | 56.8% |
| 15 Oct 2026 | 2,833.00 | 2,868.20 | 2,798.40 | 2,861.70 | 2,845.23 | 26,58,568 | 60.0% |
| 14 Oct 2026 | 2,878.00 | 2,878.00 | 2,793.70 | 2,793.70 | 2,826.93 | 29,45,203 | 60.6% |
| 13 Oct 2026 | 2,801.90 | 2,864.40 | 2,783.50 | 2,864.40 | 2,836.09 | 26,64,480 | 61.3% |
| 12 Oct 2026 | 2,812.20 | 2,846.70 | 2,800.00 | 2,813.00 | 2,824.72 | 19,07,713 | 54.9% |
| 9 Oct 2026 | 2,763.90 | 2,820.00 | 2,747.90 | 2,796.20 | 2,796.07 | 12,41,688 | 54.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 21 Dec 2017 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 29 Mar 2010 | Split | 0.5000 | Each share became 2. |
About Mahindra & Mahindra
Mahindra & Mahindra Limited is an Indian company whose core business is mobility products and farm solutions. It offers SUVs, pick-ups, commercial vehicles and tractors, along with farm machinery, gensets and construction equipment. Its registered office is in Mumbai.
The operations are grouped mainly into an Automotive Sector and a Farm Equipment Sector. The Automotive Sector sells SUVs, light, medium and heavy commercial vehicles, three-wheelers, electric vehicles, and buses and trucks. The Farm Equipment Sector sells tractors under the Mahindra, Swaraj and Trakstar brands, and farm machinery such as rotavators, cultivators and harvesters. Other businesses include construction equipment and, through its subsidiary Classic Legends, the Jawa, Yezdi and BSA motorcycle brands.
Its vehicle plants include Chakan and Nashik, and its Igatpuri plant makes engines. The company exports vehicles and tractors, and sells tractors in markets including North America, Brazil and Turkey. The Mahindra Group has a business presence in more than 100 countries and 61 manufacturing facilities around the world, which include contract manufacturing and vehicle scrapping sites.
It was incorporated in 1945. The Mahindra Group began in steel trading, and the company assembled its first vehicle in 1947. In August 2025 it took control of SML Mahindra Limited, a bus and truck maker, holding 58.97% of its shares. In November 2025 its board approved a 50:50 life insurance joint venture with Manulife. During the year to March 2026 it also sold its Finnish subsidiary Sampo Rosenlew. The company is the flagship of the Mahindra Group, whose listed members include Tech Mahindra, Mahindra Finance and Mahindra Logistics.
- Legal name
- Mahindra & Mahindra Limited
- NSE symbol
- M&M
- BSE code
- 500520
- ISIN
- INE101A01026
- Industry
- Automobiles
- Listed
- Feb 1956 on BSE, Jan 1996 on NSE
- Face value
- ₹5
- CIN
- L65990MH1945PLC004558
- Corporate identity number, the registrar of companies' code for it