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Intrinsic value · Buy/Sell verdict · scores — free· 1046 Indian stocks· EOD 2026-09-14

Mahindra & Mahindra Limited

M&MNSEAutomobile and Auto Components
₹3,107
-16.80 (-0.54%)
Sell

Financial trend (100/100) does the heavy lifting; momentum (29/100) is the drag.

Buy zoneSolvency risk
The bottom line

Mahindra & Mahindra Limited earns a Sell from StocksWizard, with a blended score of 40/100. At ₹3,107 it trades below our blended DCF and relative-multiples fair value of ₹4,797.6, about 54% upside to that estimate — we read it as undervalued by 54%. On 20.1x trailing earnings it sits cheaper than the Automobile and Auto Components median of about 39.5x. The price is about 17% below its 52-week high of ₹3,762.88 and 7% above the low of ₹2,900.64. Financial health scores 24/100, in the grey band on the Altman Z-score, with a Piotroski F-score of 4/9. The average analyst target of ₹4,115.49 implies about 32% upside across 35 analysts. It clears 6 of 13 investability checks, with durability 51, valuation 87 and momentum 29 on our 0–100 scales.

Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.

Intrinsic value
Our fair value
₹4,797.6up 54.41%
Undervalued by 54%
Price ₹3,107Range ₹1,553.5₹6,011.13
DCF + relative blendmedium confidence

With a 20% margin of safety, our buy-below price is ₹3,838.08.

Analyst views

35 analysts34 buy · 1 hold · 0 sell
12-month consensus target₹4,115.49up 32.46%

1-year price

EOD · 2026-09-14
1D
down 0.54%
1W
down 1.99%
1M
down 9.37%
3M
up 0.06%
6M
up 7.11%
1Y

52-week range

-17.43% from the 52-week high.

Trend check
Below 50-DMA₹3,278Below 200-DMA₹3,291

Price above both moving averages reads as an intact uptrend; below both, the trend is against you.

Verdict pillars

Sell40
F
Financial health 24/100
Altman Z 1.94 · Grey zone

Piotroski F-score 4/9 — quality of earnings & balance sheet.

Our scores

Durability51
Valuation87
Momentum29

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Investability checklist

Passed 6 of 13 checks
Each check screens one fundamentals, valuation or trend signal.
  • Pass: ROE above 15%: 18.8%
  • Fail: Low debt (D/E < 0.5): 1.25x
  • Pass: Positive free cash flow
  • Pass: Revenue growth > 10%: 31%
  • Pass: Earnings growing: 45%
  • Fail: Net margin ≥ 10%: 8.5%
  • Fail: Current ratio > 1.5: 1.27
  • Pass: Below our fair value
  • Pass: Margin of safety ≥ 20%
  • Fail: Above 200-day average
  • Fail: Above 50-day average
  • No data: Positive 1-year return
  • Fail: Altman Z in safe zone: Z 1.94
  • Fail: Piotroski ≥ 7: 4/9

Quarterly results

Revenue · 1Q2026
₹39,554 Cr
Net profit
₹3,737 Cr
Margin
9%
2Q2025
3Q2025
4Q2025
1Q2026
Revenue Net profitLatest revenue QoQ +3%

Annual financials

Revenue · 2026
₹1.46 L Cr
Net profit
₹15,713 Cr
Margin
11%
2023
2024
2025
2026
Revenue Net profitLatest revenue YoY -8%

Shareholding

  • Promoter25.3%
  • Institutions53.0%
  • Public & other21.7%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹3.68 L Cr
P/E ratio
20.1
P/B ratio
3.68
EPS (TTM)
₹152.17
ROE
18.8%
Debt / Equity
1.25x
Profit margin
8.5%
Free cash flow
₹15,655 Cr
52-week high
₹3,762.88
-17.43% from high
52-week low
₹2,900.64
Dividend yield
1.1%
Beta
0.34
SWOT snapshot

Bull case vs bear case

Bull case

Strengths

  • Strong return on equity (18.8%).

Opportunities

  • Earnings growing (45% YoY).
  • Revenue growing (31% YoY).
  • Trading in our value buy zone versus sector peers.
  • Trades ~54% below our estimated fair value.

Bear case

Weaknesses

  • High debt relative to equity.
  • Price below its 200-day moving average (downtrend).

About Mahindra & Mahindra Limited

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. It operates through five segments: Automotive; Farm Equipment; Auto Investments; Farm Investments; and Investments in Industrial Businesses and Consumer Services. The company offers commercial vehicles, trucks, buses, vans, passenger cars, utility vehicles, and electric vehicles (EV), as well as motorcycles; aero and defense products; offers construction equipment, such as

Mahindra & Mahindra Limited — frequently asked questions

Is Mahindra & Mahindra Limited a buy, hold or sell?

StocksWizard currently rates Mahindra & Mahindra Limited (M&M) a Sell, based on a blended score of 40/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.

What is Mahindra & Mahindra Limited's fair value?

Our blended DCF and relative-valuation model estimates Mahindra & Mahindra Limited's fair value at about ₹4,797.6, versus a current price of ₹3,107 — roughly 54% upside. On that basis the stock looks undervalued by 54%.

Is Mahindra & Mahindra Limited financially healthy?

Mahindra & Mahindra Limited scores 24/100 on our financial-health model, placing it in the grey band on the Altman Z-score, with a Piotroski F-score of 4/9.

How has Mahindra & Mahindra Limited's share price performed?

Mahindra & Mahindra Limited is roughly flat over three months, and last traded at ₹3,107. Past performance doesn't predict future returns.

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.