# Mahindra Holidays & Resorts India share price today (Mahindra Holidays & Resorts India Ltd, NSE: MHRIL) > Mahindra Holidays & Resorts India share price today: ₹186.79 at the NSE close on 3 November 2026, down 43.2% in a year. Mahindra Holidays & Resorts India (NSE: MHRIL) is worth ₹3,785 crore, trades at a P/E of 77.4 and has closed between ₹178.47 and ₹330.40 over the past 52 weeks. > Mahindra Holidays & Resorts India Ltd's results are improving, and its P/E is near the top of its own history, higher than 82% of past readings. MHRIL · Resorts · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mahindra-holidays-resorts-india-ltd Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Business trend: Getting worse, from fewer quarters than usual - Price: ₹186.79 (−43.2% in a year) - P/E: 77.4× (higher than 82% of the last 11 years) - Revenue (Sep 2026): ₹784 Cr (+9.3% on a year ago) - Profit (Sep 2026): ₹20.0 Cr (+17.6% on a year ago) - Operating margin: 20.0% (−1.0 points on a year ago) - ROCE: 8%, FY26 - Profit that came in as cash: 575%, last 3 years The main question: results are strong, and the P/E is higher than 82% of its own history. ## What is the Mahindra Holidays & Resorts India share price today? Mahindra Holidays & Resorts India Ltd's share price was ₹186.79 at the close on 3 November 2026. It has been falling for 53 weeks. That is 21.4% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running. In the last 52 weeks it traded between ₹178 and ₹330, and at that close it sat 5% of the way up from that low. Over the last 11 years the share price moved +12% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Mahindra Holidays & Resorts India this quarter? Three changes stood out: profit grew again in the September 2026 quarter, foreign funds (FIIs) cut their stake for 3 quarters in a row and revenue up on a year earlier for 6 quarters in a row. 1. Profit grew again in the September 2026 quarter Profit was ₹20 crore, +17.6% on a year earlier (₹17 crore), after 3 quarters of decline. Why: Profit rose because its Finland resorts lost less money on bookings made in India. Next results: check whether rooms closed for renovation reopen and lift resort revenue, since that also supports profit. From the earnings call on 21 Oct 2026. 2. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 5.5% to 3.4% of the company by the September 2026 quarter. 3. Revenue up on a year earlier for 6 quarters in a row In the September 2026 quarter revenue was ₹784 crore, +9.3% on a year earlier. Why: Revenue rose because more resort rooms were booked and each room brought in more money. From the earnings call on 21 Oct 2026. ## What are Mahindra Holidays & Resorts India's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Mahindra Holidays & Resorts India reported revenue of ₹784 crore, up 9.3% from ₹717 crore a year earlier, and a profit of ₹20.0 crore, up 17.6% from ₹17.0 crore. ### Mahindra Holidays & Resorts India results: July to September 2026 against a year earlier | Measure | July to September 2026 | July to September 2025 | Change | | --- | --- | --- | --- | | Revenue | ₹784 crore | ₹717 crore | +9.3% | | Profit | ₹20.0 crore | ₹17.0 crore | +17.6% | | Earnings per share | ₹0.99 | ₹0.88 | +12.5% | | Operating margin | 20.0% | 21.0% | −1.0 points | The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Mahindra Holidays & Resorts India's management discussed these results on a call held on 21 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.) ## What is the Mahindra Holidays & Resorts India share price history? Mahindra Holidays & Resorts India closed at ₹186.79 on 3 November 2026, down 43.2% from ₹328.65 a year earlier (31 October 2025) and down 21.5% over five years. Its highest weekly close since March 2016 was ₹480.80 on 21 June 2024. ### Mahindra Holidays & Resorts India share price: then and now | When | Close | Change to 3 Nov 2026 | | --- | --- | --- | | 1 week ago · 23 Oct 2026 | ₹185.47 | +0.7% | | 1 month ago · 1 Oct 2026 | ₹194.85 | −4.1% | | 6 months ago · 30 Apr 2026 | ₹247.05 | −24.4% | | 1 year ago · 31 Oct 2025 | ₹328.65 | −43.2% | | 3 years ago · 3 Nov 2023 | ₹397.45 | −53.0% | | 5 years ago · 4 Nov 2021 | ₹237.80 | −21.5% | | 10 years ago · 4 Nov 2016 | ₹192.98 | −3.2% | | Earliest weekly close in our records · 11 Mar 2016 | ₹166.05 | +12.5% | | Highest weekly close since March 2016 · 21 Jun 2024 | ₹480.80 | −61.2% | | Lowest weekly close since March 2016 · 8 May 2020 | ₹84.00 | +122.4% | | 52-week high (weekly close) · 21 Nov 2025 | ₹330.40 | −43.5% | | 52-week low (weekly close) · 30 Oct 2026 | ₹178.47 | +4.7% | Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.) ## What is the latest news on Mahindra Holidays & Resorts India? 3 Nov 2026: Mahindra Holidays & Resorts India closed at ₹186.79, up 0.7% on the week and down 4.1% on the month. 21 Oct 2026: Mahindra Holidays & Resorts India held its results call for July to September 2026. Management guided: Add about 1,000 gross keys over next six months to broaden choice and availability. ### Earlier - Results for July to September 2026: Revenue up 9.3% and profit up 17.6% on a year earlier. ## What dividend does Mahindra Holidays & Resorts India pay? Mahindra Holidays & Resorts India has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Mahindra Holidays & Resorts India Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 5 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.) ## What did Mahindra Holidays & Resorts India management say on the latest results call? On the call for July to September 2026, held on 21 October 2026, Mahindra Holidays & Resorts India's management guided: Add about 1,000 gross keys over next six months to broaden choice and availability. > “Upgrades are really a reflection of the confidence our members have in the product, and that is strong growth which we have seen continuously over many quarters.” > Manoj Bhatt, on the call for July to September 2026 ### What management guided - Reach 10,000 keys by FY30 with about 85% funnel visibility via 8 ongoing Greenfield and Brownfield projects. - About 442 renovation shutdown keys plus Ganpatipule, Kumbhalgarh and Jaisalmer to return in Q3 to early-Q4; Gir at end-Q4 or early-Q1. - Exit about 650 keys this year versus about 400 last year as lower-rated reset largely completes. - Second-half capital spending broadly equal to first half to complete projects; long-term split about 70% new builds and 30% upgrades. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4918/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 21 October 2026.) ## What to watch in Mahindra Holidays & Resorts India's next results? When Mahindra Holidays & Resorts India reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Shutdown rooms returning in third and fourth quarters to lift occupancy and resort revenue - per renovation drag reversal commentary. - What to check (from the call) - Shutdown rooms returning in third and fourth quarters to lift occupancy and resort revenue - per renovation drag reversal commentary. - Gross keys added over next two quarters against flagged near-term additions - per execution priority on capacity. - Net member additions inflecting on Keystone traction with upgrade momentum sustaining - per near-term outlook. - Holiday Club performance through seasonally softer third quarter into peak fourth with India-book loss trend - per seasonality framing. ## Which stock lists is Mahindra Holidays & Resorts India on? Mahindra Holidays & Resorts India is on 2 of our India lists: 52 week high & low and Hotel stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india) - [Hotel stocks Group on the list: Holiday resorts and clubs](https://www.sectoralpha.in/sectors/hotels) ## Is Mahindra Holidays & Resorts India profitable? Mahindra Holidays & Resorts India Ltd earned ₹20.0 Cr of net profit in the Sep 2026 quarter, +17.6% on the same quarter a year earlier. Full-year FY26 profit was ₹67.0 Cr. Over 10 years profit has grown −2.9% a year on average. That is 2.6% of the quarter's revenue. The same quarter a year earlier earned ₹17.0 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹67.0 Cr (−46.8% on the year before). Why profit moved: revenue changed +9.3% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −88.0% and revenue +7.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Mahindra Holidays & Resorts India make, and is it growing? Mahindra Holidays & Resorts India Ltd reported ₹784 Cr of revenue in the Sep 2026 quarter, +9.3% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 6.4% a year on average. The last full year, FY26, came in at ₹2,992 Cr. The last four reported quarters add to ₹3,090 Cr. FY26 revenue was ₹2,992 Cr, +7.6% on the year before. Recent pace: the last four quarters grew +7.6% on average, against 6.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.5%, against +5.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −59.8%, against −30.9% a year (rolling over). ## How much of every ₹100 of sales does Mahindra Holidays & Resorts India keep? Mahindra Holidays & Resorts India Ltd's operating margin was 20.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 8.0% and 25.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.0 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Mahindra Holidays & Resorts India's profit turning into cash? Over the last 3 years, 575% of Mahindra Holidays & Resorts India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹531 Cr of operating cash against ₹67.0 Cr of profit. After ₹1,101 Cr of spending on assets, free cash was −₹570 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 575% of profit came in as cash: the cash cycle got 148 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 2.4× depreciation over three years. The next section checks what that spending is building. ## Where does Mahindra Holidays & Resorts India's cash go? Mahindra Holidays & Resorts India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 678 days in FY26, up from 530 days in FY21. It spent ₹2,614 Cr on assets over the last 3 years. Customers take 150 days to pay, and stock sits for 876 days on average. At FY26 sales of ₹2,992 Cr, each day of that cycle ties up about ₹8.2 Cr, so roughly ₹5,558 Cr is tied up in the business at any time. FY26: customers took 150 days to pay and stock sat for 876 days, about 28.8 months of sales sitting as stock, for a full cycle of 678 days, longer than FY21's 530. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 876 days. Customers pay about 150 days after that. Suppliers are paid at 348 days. Together that makes the 678-day cycle. Spending on assets: ₹2,614 Cr over the last 3 years, against ₹1,112 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹361 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Mahindra Holidays & Resorts India's P/E ratio, and how does it compare with its own history? Mahindra Holidays & Resorts India Ltd's P/E is 77.4×, near the high end of its own history: higher than 82% of past readings. Its usual P/E (the middle reading) is 49.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹2.73. Why the multiple is where it is: over the past year earnings per share moved −45.6% while the price moved −43.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −4.7% a year; about +12.1% a year came from earnings growth and about −16.8 percentage points from the multiple (the market paying less); over 10 years the price moved −0.3% a year; about −5.6% a year came from earnings growth and about +5.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 73% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Mahindra Holidays & Resorts India business getting better or worse? Mahindra Holidays & Resorts India Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −59.8% in the latest quarter, against +73.0% at its best in 12 quarters, with ROCE steady at 8.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Mahindra Holidays & Resorts India earn on its capital? Mahindra Holidays & Resorts India Ltd earned a ROCE of 8% in FY26. That is up from a low of 4% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 2.2% net margin and 0.27× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.2% net margin × 0.27× asset turnover × 14.39× leverage (assets divided by equity) ≈ 8.5% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 73% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Mahindra Holidays & Resorts India have too much debt? Mahindra Holidays & Resorts India Ltd had ₹3,829 Cr of borrowings against ₹778 Cr of equity in FY26, so its debt is 4.92× its equity. Its operating profit is 3 times its interest bill. Over 5 years borrowings went from ₹2,487 Cr to ₹3,829 Cr. Over the last 3 of those years it spent ₹2,614 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 73% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Mahindra Holidays & Resorts India shareholding pattern? Foreign institutions cut their stake in Mahindra Holidays & Resorts India Ltd by 1.9 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 3.4% of the company. Domestic institutions moved +0.5 points over the same period, to 10.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −1.9 points over 8 quarters, to 3.4%; Domestic institutions: +0.5 points over 8 quarters, to 10.8%; Promoters: +0.0 points over 8 quarters, to 66.7%. Why the owners changed: foreign institutions drove it (−1.9 points), with the other side taken by domestic institutions (+0.5 points). They reduced their stake. ## How far is Mahindra Holidays & Resorts India from balance-sheet trouble? For Mahindra Holidays & Resorts India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mahindra Holidays & Resorts India rank in its industry? 31.7 out of 100, rank 3 of 3 in Resorts, with 79% of the evidence available. Mahindra Holidays & Resorts India Ltd scores 31.7 out of 100 against the 3 companies it is compared with in Resorts, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.1 + 9.8 + 7.8 + 6 = 31.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mahindra Holidays & Resorts India compared with? Mahindra Holidays & Resorts India ranks 3 of 3 Resorts companies on the 4-Factor Sector Score, with 31.7 out of 100. 1. [India Tourism Development Corporation Ltd](https://www.sectoralpha.in/stocks/india-tourism-development-corporation-ltd) ITDC · losing its lead · Evidence leans up · 68% evidence 55.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue -7.2% · Profit 4% · Operating margin change -1 points · 83% evidence Capital efficiency 19.3/25 · ROCE 29.9% · Operating margin 9.3% · 76% evidence Valuation 10.0/20 · P/E 61.1× · PEG n/a · 0% evidence Relative strength 15.2/20 · Lead over its industry 17.3% · Lead over NIFTY 500 4.1% · 1 year -4.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 10.8 + 19.3 + 10 + 15.2 = 55.3 · What this means: Relative strength against the index is 4.1%, and revenue and profit growth are weak. 2. [Praveg Ltd](https://www.sectoralpha.in/stocks/praveg-ltd) PRAVEG · quiet · Too little evidence to rank firmly · 53% evidence 35.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 36.3% · Profit -80% · Operating margin change -7 points · 65% evidence Capital efficiency 4.1/25 · ROCE 1.7% · Operating margin 8% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.4% · 1 year -36.6% · 25% evidence · 4 of 12 weeks ahead Exact sum: 13.8 + 4.1 + 10 + 7.5 = 35.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. Mahindra Holidays & Resorts India Ltd this page MHRIL · basing · Most evidence points down · 79% evidence 31.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.1/35 · Revenue 7.5% · Profit -59.9% · Operating margin change -1 points · 95% evidence Capital efficiency 9.8/25 · ROCE 8.1% · Operating margin 20% · 76% evidence Valuation 7.8/20 · P/E 73.8× · PEG n/a · 35% evidence Relative strength 6.0/20 · Lead over its industry -16.2% · Lead over NIFTY 500 -25.6% · 1 year -45.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.1 + 9.8 + 7.8 + 6 = 31.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Resorts](https://www.sectoralpha.in/sectors/resorts), all 3 compared on one page. ## Which companies are close to Mahindra Holidays & Resorts India in size? Mahindra Holidays & Resorts India is the 2nd largest of 3 Resorts companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: India Tourism Development Corporation. Just below it: Praveg. ### Resorts companies close in size 1. [India Tourism Development Corporation Ltd](https://www.sectoralpha.in/stocks/india-tourism-development-corporation-ltd) ₹5,058 crore 2. Mahindra Holidays & Resorts India Ltd ₹3,607 crore 3. [Praveg Ltd](https://www.sectoralpha.in/stocks/praveg-ltd) ₹536 crore [All 3 Resorts companies, largest first](https://www.sectoralpha.in/sectors/resorts#all-companies) ### Companies close in size in other industries 1. [Yash Highvoltage Ltd](https://www.sectoralpha.in/stocks/yash-highvoltage-ltd) ₹3,612 crore · Electric Equipment - General 2. [Kesar India Ltd](https://www.sectoralpha.in/stocks/kesar-india-ltd) ₹3,607 crore · Realty - Construction & Contracting 3. Mahindra Holidays & Resorts India Ltd ₹3,607 crore 4. [Kwality Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/kwality-pharmaceuticals-ltd) ₹3,606 crore · Pharma - Formulators 5. [Indiqube Spaces Ltd](https://www.sectoralpha.in/stocks/indiqube-spaces-ltd) ₹3,603 crore · Miscellaneous ## What else do people ask about Mahindra Holidays & Resorts India? ### What is Mahindra Holidays & Resorts India's share price today? Mahindra Holidays & Resorts India Ltd's share price is ₹186.79, −43.2% over the past year. The whole company is worth ₹3,785 Cr on the market. In the last 52 weeks it traded between ₹178 to ₹330; today it is 5% of the way up from the low, 21.4% below its 200-day average (as of 3 November 2026). ### What were Mahindra Holidays & Resorts India's latest quarterly results? Mahindra Holidays & Resorts India Ltd reported revenue of ₹784 Cr and net profit of ₹20.0 Cr for the Sep 2026 quarter. Revenue rose 9.3% and profit rose 17.6% compared with a year earlier. Earnings per share were ₹0.99 (as of 3 November 2026). ### What is Mahindra Holidays & Resorts India's market cap? Mahindra Holidays & Resorts India Ltd's market capitalisation is ₹3,785 Cr at a share price of ₹186.79. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mahindra Holidays & Resorts India performing? Mahindra Holidays & Resorts India Ltd's share price has been falling for 53 weeks. In its latest quarter, revenue rose 9.3% and profit rose 17.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 13 weeks running (as of 3 November 2026). ### Will Mahindra Holidays & Resorts India's share price go up? This page does not forecast Mahindra Holidays & Resorts India Ltd's share price. What it shows instead: the share price is ₹186.79, and it has been falling for 53 weeks. Its P/E of 77.4× is higher than 82% of its own last 11 years (as of 3 November 2026). ### Who owns Mahindra Holidays & Resorts India? Promoters own 66.7% of Mahindra Holidays & Resorts India Ltd, foreign institutions 3.4%, domestic institutions 10.8% and the public 18.9% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.9 percentage points over 8 quarters (as of 3 November 2026). ### Where is Mahindra Holidays & Resorts India in its business cycle? Mahindra Holidays & Resorts India Ltd's FY26 operating margin was 21.0%, against a 13-year range of 8.0% to 25.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 20.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mahindra Holidays & Resorts India story? The main question: results are strong, and the P/E is higher than 82% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mahindra Holidays & Resorts India a stock worth studying right now? What the numbers show: Mahindra Holidays & Resorts India Ltd's results are improving, and its P/E is near the top of its own history, higher than 82% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Mahindra Holidays & Resorts India share price forecast for 2026? What management itself guided: Add about 1,000 gross keys over next six months to broaden choice and availability. ## Lists - 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india - Hotel stocks: https://www.sectoralpha.in/sectors/hotels This is research, not advice. We’re not SEBI-registered.