Mahindra & Mahindra Ltd
M&MMahindra & Mahindra Ltd's earnings have outrun its stock. EPS grew +32.2% in a year against a +7.6% price move.
The sharpest disagreement: profits are rising, but only 20% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (18 weeks in) while the P/E sits at the 39th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +37.0% year on year, and 20% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Mahindra & Mahindra Ltd trades at ₹3,399, in a downtrend and 18 weeks into that stage. That is +5.0% against its own 200-day average. It sits at 54% of a 52-week range of ₹2,931 to ₹3,802. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a downtrend — week 18 of stage 4, confirmed. At ₹3,399 it trades +5.0% versus its 200-day average and sits at 54% of its 52-week range (₹2,931–₹3,802).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +457% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Mahindra & Mahindra Ltd trades at 22.0× P/E, mid-range by its own standards (39th percentile). Its long-run median P/E is 24.8×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 22.0× is mid-range by its own standards (39th percentile), against a long-run median of 24.8× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +32.2% against a +7.6% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +35.5%/yr price move, ~+53.8%/yr came from earnings growth and ~−18.3 pp from the multiple (compressing); over 10y, of the +16.6%/yr price move, ~+19.9%/yr came from earnings growth and ~−3.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Mahindra & Mahindra Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 19.0% and holding. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +24.8% | +17.8% | +21.7% | +10.1% |
| Profit | +32.3% | +17.9% | +65.2% | +18.0% |
| EPS | +32.2% | +18.5% | +56.6% | +18.4% |
| Share price | +7.6% | +32.3% | +35.5% | +16.6% |
4-Factor Sector Score
73.4/100 — rank 1 of 4 in Auto - 4 Wheelers · 91% evidence confidence
Mahindra & Mahindra Ltd scores 73.4 out of 100 against the 4 companies it is compared with in Auto - 4 Wheelers, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 29.6 + 13.8 + 15.8 + 14.2 = 73.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Mahindra & Mahindra Ltd reported ₹58,188 Cr of revenue in the Jun 26 quarter, +27.8% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 10.1% a year. The last full year, FY26, came in at ₹1,98,639 Cr. The last four reported quarters add to ₹2,11,376 Cr.
FY26 revenue came in at ₹1,98,639 Cr (+24.8% on the year), capping 10 years at 10.1% compound. The latest quarter (Jun 26) printed ₹58,188 Cr, +27.8% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +26.0% growth against the decade's 10.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +26.2% over the last 4 quarters against +21.8%/yr over the last 8 — accelerating; TTM profit +35.8% vs +29.2%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Mahindra & Mahindra Ltd's operating margin is 19.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 12.0% to 19.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 19.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 12.0%–19.0%, and FY26's 19.0% is the top of that band — a record year.
Why the margin moved: operating margin went +0.1 pp year on year while gross margin went −0.2 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Mahindra & Mahindra Ltd earned ₹5,998 Cr of net profit in the Jun 26 quarter, +37.0% year on year. It is the 8th consecutive quarter of growth. Full-year FY26 profit was ₹18,622 Cr. The 10-year compound rate is 18.0%. That is 10.3% of the quarter's revenue. The same quarter a year earlier earned ₹4,377 Cr.
Jun 26 profit was ₹5,998 Cr, +37.0% year on year — the 8th consecutive quarter of growth. On the full year, FY26 printed ₹18,622 Cr (+32.3%), and the 10-year compound rate is 18.0%.
Why profit moved: revenue contributed +27.8% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +35.5% vs revenue +26.0%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 20% of Mahindra & Mahindra Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹11,657 Cr of operating cash against ₹18,622 Cr of profit. After ₹10,587 Cr of capital spending, ₹1,070 Cr was left as free cash.
FY26: operating cash of ₹11,657 Cr against reported profit of ₹18,622 Cr, leaving free cash of ₹1,070 Cr after ₹10,587 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 20% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 20%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 1.8× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Mahindra & Mahindra Ltd's cash conversion cycle runs −30 days in FY26, down from −26 days in FY21. Capital spending ran ₹33,210 Cr over the last 3 years. At FY26 sales of ₹1,98,639 Cr each day of that cycle holds about ₹544 Cr, so roughly ₹−16,326 Cr sits inside the business at any moment.
FY26: debtors at 17 days, inventory at 65 days — roughly 2.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −30 days, tighter than FY21's −26.
The full loop: cash goes out to suppliers and production on day 0; stock waits 65 days to sell; customers pay about 17 days after that; and suppliers themselves are paid at 112 days — netting out to the −30-day cycle.
In money terms: at FY26 sales of ₹1,98,639 Cr, each day of the cycle holds about ₹544 Cr — so the −30-day loop keeps roughly ₹−16,326 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹33,210 Cr over the last 3 fiscal years against ₹18,120 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹7,740 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Mahindra & Mahindra Ltd earns a ROCE of 15% in FY26. That is up from a trough of 7% in FY20. Return on invested capital clears the cost of that capital by +1.9 percentage points, so growth here adds value rather than only size. The wiring behind it is 9.4% net margin on 0.63× asset turns.
FY26 ROCE is 15%, recovered from a FY20 trough of 7% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 9.4% net margin × 0.63× asset turns × 3.39× balance-sheet leverage ≈ 20.1% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 13.9% − 12.0% = a +1.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Mahindra & Mahindra Ltd carries total debt of ₹1,37,169 Cr against shareholder equity of ₹1,09,491 Cr as of Jun 26, a debt-to-equity of 1.25. On the annual view that ratio went from 1.37 in FY22 to 1.25 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Jun 26: total debt of ₹1,37,169 Cr against shareholder equity of ₹1,09,491 Cr — a debt-to-equity of 1.25. On the annual view, debt-to-equity went from 1.37 (FY22) to 1.25 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 7.0 points of Mahindra & Mahindra Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 34.9% of the company. Domestic institutions moved +6.4 points over the same window, to 32.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −7.0 points over 8 quarters to 34.9%; Domestic institutions: +6.4 points over 8 quarters to 32.6%; Promoters: −0.1 points over 8 quarters to 18.4%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.
Why the register moved: rotation — foreign institutions −7.0 points against domestic institutions +6.4 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Mahindra & Mahindra Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Mahindra & Mahindra Ltdthis pageM&M | 73.4/100Favorable setup91% evidence | TURNING | 29.6/35 Revenue 26.2% · PAT 35.8% · OPM change 1 pp 100% evidence | 13.8/25 ROCE 15.1% · OPM 19% 100% evidence | 15.8/20 P/E 22× · PEG 0.6 85% evidence | 14.2/20 RS sector 6.4% · RS bench -0.6% · 1Y 4.7%1 of 10 weeks ahead 70% evidence |
| Exact sum: 29.6 + 13.8 + 15.8 + 14.2 = 73.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Maruti Suzuki India LtdMARUTI | 45.6/100Mixed-negative evidence91% evidence | TURNING | 10.0/35 Revenue 26.6% · PAT -1.4% · OPM change -4 pp 100% evidence | 14.2/25 ROCE 19% · OPM 8% 100% evidence | 12.0/20 P/E 31.2× · PEG 1.61 85% evidence | 9.4/20 RS sector 1.5% · RS bench -4% · 1Y 14.8%1 of 10 weeks ahead 70% evidence |
| Exact sum: 10 + 14.2 + 12 + 9.4 = 45.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Hyundai Motor India LtdHYUNDAI | 34.9/100Adverse evidence84% evidence | TURNING | 4.2/35 Revenue 3.5% · PAT -10.3% · OPM change -4 pp 100% evidence | 18.1/25 ROCE 38.4% · OPM 9% 100% evidence | 5.0/20 P/E 35.8× · PEG 5.24 50% evidence | 7.6/20 RS sector -2.2% · RS bench -0.9% · 1Y 3.9%2 of 10 weeks ahead 70% evidence |
| Exact sum: 4.2 + 18.1 + 5 + 7.6 = 34.9 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 4Tata Motors Passenger Vehicles LtdTMPV | 33.4/100Adverse evidence62% evidence | ASLEEP | 12.6/35 Revenue -12.5% · PAT 100% · OPM change -4 pp 83% evidence | 7.8/25 ROCE 2.7% · OPM 11% 76% evidence | 10.0/20 P/E 1.4× · PEG — 0% evidence | 3.0/20 RS sector -9.8% · RS bench -9.3% · 1Y -18.2%3 of 11 weeks ahead 70% evidence |
| Exact sum: 12.6 + 7.8 + 10 + 3 = 33.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Mahindra & Mahindra Ltd's share price today?
Mahindra & Mahindra Ltd trades at ₹3,399, +7.6% over the past year. The company is valued at ₹4,22,613 Cr. The stock sits at 54% of its 52-week range of ₹2,931–₹3,802, +5.0% versus its 200-day average. On the tape, the price is in a downtrend, 18 weeks in. — as of 31 July 2026.
What were Mahindra & Mahindra Ltd's latest quarterly results?
Mahindra & Mahindra Ltd reported revenue of ₹58,188 Cr and net profit of ₹5,998 Cr for the Jun 26 quarter. Revenue rose 27.8% and profit rose 37.0% year on year. Earnings per share were ₹43.86. The operating margin was 19.0%, 1.0 pp higher than a year earlier. — as of 31 July 2026.
What is Mahindra & Mahindra Ltd's revenue?
Mahindra & Mahindra Ltd reported revenue of ₹58,188 Cr in the Jun 26 quarter, +27.8% year on year. For the full FY26 fiscal year, revenue was ₹1,98,639 Cr (+24.8%). Over the last 10 years revenue compounded at 10.1% a year. — as of 31 July 2026.
What is Mahindra & Mahindra Ltd's profit?
Mahindra & Mahindra Ltd earned ₹5,998 Cr of net profit in the Jun 26 quarter, +37.0% year on year — the 8th straight quarter of growth. Full-year FY26 profit was ₹18,622 Cr. The operating margin ran 19.0% in the latest quarter. — as of 31 July 2026.
What is Mahindra & Mahindra Ltd's market cap?
Mahindra & Mahindra Ltd's market capitalisation is ₹4,22,613 Cr at a share price of ₹3,399. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Mahindra & Mahindra Ltd's P/E ratio?
Mahindra & Mahindra Ltd trades at a P/E of 22.0×, at the 39th percentile of its own 10-year range, against a long-run median of 24.8×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Mahindra & Mahindra Ltd pay a dividend?
Yes — Mahindra & Mahindra Ltd's dividend payout was 22% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Mahindra & Mahindra Ltd overvalued?
On its own history, Mahindra & Mahindra Ltd looks mid-range against its own history: its P/E of 22.0× sits at the 39th percentile of its 10-year range (long-run median 24.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 31 July 2026.
Is Mahindra & Mahindra Ltd growing?
Yes — Mahindra & Mahindra Ltd is growing: latest-quarter revenue +27.8% year on year, profit +37.0%, and the margin +1.0 pp at 19.0%. The 10-year compound rates are 10.1% (revenue) and 18.0% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Mahindra & Mahindra Ltd performing?
Mahindra & Mahindra Ltd is in a downtrend, 18 weeks in. Its latest quarter's revenue rose 27.8% and profit rose 37.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Mahindra & Mahindra Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 19.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +26.2% latest, profit growth +35.8% latest, eps growth +34.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Mahindra & Mahindra Ltd in an uptrend?
No — the price is in a downtrend (week 18 of stage 4), trading +5.0% versus its 200-day average and at 54% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Mahindra & Mahindra Ltd beating the market?
On recent form, yes — Mahindra & Mahindra Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +457% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.
Will Mahindra & Mahindra Ltd's share price go up?
This page publishes no price forecast for Mahindra & Mahindra Ltd. What it measures instead: the share price is ₹3,399, the price is in a downtrend 18 weeks in. Its P/E of 22.0× sits at the 39th percentile of its own 10-year range. — as of 31 July 2026.
Who owns Mahindra & Mahindra Ltd?
Promoters hold 18.4% of Mahindra & Mahindra Ltd, foreign institutions 34.9%, domestic institutions 32.6% and the public 10.5% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 7.0 points over 8 quarters. — as of 31 July 2026.
Does Mahindra & Mahindra Ltd have too much debt?
It carries real leverage — Mahindra & Mahindra Ltd's debt-to-equity is 1.47, and operating profit covers the interest bill 4×. FY26 borrowings were ₹1,36,936 Cr against equity of ₹93,097 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Mahindra & Mahindra Ltd's capex?
Mahindra & Mahindra Ltd spent ₹33,210 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹10,587 Cr, with ₹7,740 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Mahindra & Mahindra Ltd's cash flow?
Mahindra & Mahindra Ltd generated ₹11,657 Cr of operating cash flow in FY26 and ₹1,070 Cr of free cash flow after ₹10,587 Cr of capital spending. Reported profit that year was ₹18,622 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Mahindra & Mahindra Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 20% of Mahindra & Mahindra Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹11,657 Cr against reported profit of ₹18,622 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Mahindra & Mahindra Ltd in its business cycle?
Mahindra & Mahindra Ltd's FY26 operating margin was 19.0%, against a 13-year band of 12.0%–19.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 19.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Mahindra & Mahindra Ltd story?
The sharpest disagreement: profits are rising, but only 20% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Mahindra & Mahindra Ltd a stock worth studying right now?
This is not investment advice. The machine read: Mahindra & Mahindra Ltd's earnings have outrun its stock. EPS grew +32.2% in a year against a +7.6% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.