Mahindra & Mahindra Ltd

M&M NSE Consumer Discretionary Passenger Cars & Utility Vehicles
Nifty 50 Nifty 100 Nifty 200 Nifty 500 LargeMid 250 F&O
₹22.08
+7.71%
Delayed · cached 15 min

Fair value analysis

M&M
Mahindra & Mahindra Ltd
Consumer Discretionary›Passenger Cars & Utility Vehicles
₹3,123.80
Close used for this calculation
₹4,128.67Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
57/100
Profitability17/25
Returns18/25
Balance Sheet11/25
Efficiency11/25
Growth20/25
Good
Quality radar
57Prof.17/25Ret.18/25Eff.11/25B.Sht11/25Growth20/25

Consensus fair value

₹4,128.67
Below FV
▲ +32.2% against the close used
Model range ₹408.43 – ₹5,809.38
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear₹408.43Fair value₹4,128.67Bull₹5,809.38
FairClose
52-week traded range
52W low ₹2,931.1052W high ₹3,802.40

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

Mahindra & Mahindra Ltd closed at ₹3,123.80, 24.3% below the consensus fair value of ₹4,128.67 drawn from 10 valuation models.

Financial DNA score 57/100 — Good. P/E of 20.2x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
₹408.43
-86.9%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
₹1,613.98
-48.3%
√(22.5 × EPS × BVPS)
EPS=137.5, BVPS=841.99 · outside Graham range (P/E 20.2, P/B 3.7) — asset-light, treat as a rough floor
Graham Formula
₹5,809.38
+86.0%
EPS × (8.5 + 2g) × 6.5 ÷ FD_Rate
g=18.5%, FD=7%
P/E Fair Value
₹4,908.75
+57.1%
EPS × 35.7x (sector P/E)
EPS=137.5, Sector P/E=35.7x
Peter Lynch (PEG)
₹2,543.75
-18.6%
EPS × Growth% (PEG = 1 is fair)
EPS=137.5, g=18.5%
EV/EBITDA
₹5,340.22
+71.0%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=443.02B
Dividend Discount (DDM)
₹1,788.06
-42.8%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=33.11, r=10%, g=8%
Book Value (P/B)
₹3,010.13
-3.6%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=841.99, ROE=20.3%, g=6%, r=10%
Reverse DCF
₹3,123.80
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 8.9% | Historical: 18.5%
Margin of Safety
₹2,388.85
-23.5%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=3185.14, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.