Company: Mahindra & Mahindra Ltd. Category: Broker Research


Mahindra & Mahindra’s (M&M) in-line Q3FY19 performance (INR17.2bn EBITDA, flat YoY) was commendable compared to Maruti’s and Bajaj’s below estimate numbers.
April 12, 2019, 11:59 a.m.
Publisher: edelweiss.in

MM’s core business faces headwinds in the form of (a) an uncertain tractor demand outlook due to the cyclical downturn and the initial forecast of El Nino.
April 11, 2019, 12:40 p.m.
Publisher: motilaloswal.com

Mahindra & Mahindra: Tractor wholesales in line at 47.4k units. Domestic volume up 17% YoY, exports up 2% YoY.
Nov. 2, 2018, 11:04 a.m.
Publisher: motilaloswal.com

We attended the launch of new Mahindra MPV “Marazzo” at Nashik. M&M has positioned this MPV as value at right price. It fills the product gap in MPV segment between low-end Ertiga and high-end Innova.
Sept. 4, 2018, 10:25 a.m.
Publisher: trade.rsec.co.in


Mahindra & Mahindra Ltd is in the Automobiles sector, having a market capitalization of Rs. 116,020.94 crores.
Aug. 10, 2018, 10:28 a.m.
Publisher: edelweiss.in

The company has reported strong tractor growth number in FY17 (~23% yoy growth) and FY18 (~14% yoy growth) due to strong monsoons which resulted in overall improvement in rural markets.
May 9, 2018, 12:02 p.m.

M&M’s new UVs can meet with success as they are either on existing platforms (Tivoli/Rexton) or Detroit centre has done extensive work (UV321).
March 19, 2018, 11:56 a.m.
Author : Edelweiss | Publisher: edelweiss.in

MSIL’s Feb-18 wholesales came in line at 149.8k units (+15% YoY, -1% MoM). YTDFY18 growth was at 13.2%, with a residual monthly run-rate of 164.7k units.
March 1, 2018, 12:46 p.m.

Regulatory actions (demonetization, emission norm changes and pre-GST destocking) had materially influenced auto volumes since 3QFY17. However, given the waning regulatory impact, the automobile sector has witnessed gradual volume growth August onward. This was partly led by pre-festive inventory filling and positive rural sentiment in key markets.
Oct. 12, 2017, 4:20 p.m.

Reliance Industries, Lupin, and Mahindra & Mahindra are the picks which have an upside potential of 12% to 26%. Motilal Oswal are sharing there target price and potential for each of these stocks.
Sept. 21, 2017, 4:28 p.m.

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