# M&M share price today (Mahindra & Mahindra Ltd, NSE: M&M)

> M&M share price today: ₹2,908.00 at the NSE close on 3 November 2026, down 16.6% in a year. Mahindra & Mahindra (NSE: M&M) is worth ₹3,61,656 crore, trades at a P/E of 18.8 and has closed between ₹2,796.20 and ₹3,802.40 over the past 52 weeks. > Mahindra & Mahindra Ltd's earnings have grown faster than its share price. Earnings per share grew +32.2% in a year while the price moved −16.6%. M&M · Auto - 4 Wheelers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mahindra-mahindra-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹2,908.00 (−16.6% in a year)
- P/E: 18.8× (lower than 78% of the last 11 years)
- Revenue (Jun 2026): ₹58,188 Cr (+27.8% on a year ago)
- Profit (Jun 2026): ₹5,998 Cr (+37.0% on a year ago)
- Operating margin: 19.0% (+1.0 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 13.9%, against a 12.0% cost of capital: +1.9 points

The main question: profits are rising, but only 20% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the M&M share price today? Mahindra & Mahindra Ltd's share price was ₹2,908.00 at the close on 3 November 2026. It has been falling for 4 weeks. That is 8.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,796 and ₹3,802, and at that close it sat 11% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running. Over the last 11 years the share price moved +377% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 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 M&M this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), foreign funds (FIIs) cut their stake for 5 quarters in a row and indian funds and insurers (DIIs) raised their stake for 5 quarters in a row. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹58,188 crore, +27.8% on a year earlier. Why: Revenue rose because the company sold more SUVs and light commercial vehicles, and electric cars made up a larger share of sales. Next results: check whether monthly auto capacity reaches 68,000 by September, including 8,000 EVs, and moves toward 82,000 by year-end. From the earnings call on 30 Jul 2026. 2. Foreign funds (FIIs) cut their stake for 5 quarters in a row From 38.5% to 33.3% of the company by the September 2026 quarter. 3. Indian funds and insurers (DIIs) raised their stake for 5 quarters in a row From 29.6% to 34.2% of the company by the September 2026 quarter. ## What are M&M's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), M&M reported revenue of ₹58,188 crore, up 27.8% from ₹45,529 crore a year earlier, and a profit of ₹5,998 crore, up 37.0% from ₹4,377 crore. ### M&M results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹58,188 crore | ₹45,529 crore | +27.8% |
| Profit | ₹5,998 crore | ₹4,377 crore | +37.0% |
| Earnings per share | ₹43.86 | ₹32.84 | +33.6% |
| Operating margin | 19.0% | 18.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). M&M's management discussed these results on a call held on 30 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the M&M share price history? M&M closed at ₹2,908.00 on 3 November 2026, down 16.6% from ₹3,487.20 a year earlier (31 October 2025) and up 233.2% over five years. Its highest weekly close since March 2016 was ₹3,802.40 on 2 January 2026. ### M&M share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹2,861.20 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹2,860.00 | +1.7% |
| 6 months ago · 30 Apr 2026 | ₹3,097.50 | −6.1% |
| 1 year ago · 31 Oct 2025 | ₹3,487.20 | −16.6% |
| 3 years ago · 3 Nov 2023 | ₹1,469.00 | +98.0% |
| 5 years ago · 4 Nov 2021 | ₹872.85 | +233.2% |
| 10 years ago · 4 Nov 2016 | ₹686.18 | +323.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹610.25 | +376.5% |
| Highest weekly close since March 2016, also the 52-week high · 2 Jan 2026 | ₹3,802.40 | −23.5% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹280.70 | +936.0% |
| 52-week low (weekly close) · 9 Oct 2026 | ₹2,796.20 | +4.0% |

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 M&M? 3 Nov 2026: M&M closed at ₹2,908.00, up 1.6% on the week and up 1.7% on the month. 30 Jul 2026: M&M held its results call for April to June 2026. Management guided: Auto monthly capacity of 60,000 ICE SUVs and 8,000 EVs, or 68,000 total, by September. ### Earlier

- 3 Jul 2026: ex-date for a dividend of ₹33 a share. - Results for April to June 2026: Revenue up 27.8% and profit up 37.0% on a year earlier. ## What dividend does M&M pay? M&M paid ₹33 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.13% at the ₹2,908.00 close on 3 November 2026. The last was a dividend of ₹33 a share, ex-date 3 July 2026. ### M&M dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 3 Jul 2026 | ₹33 | Dividend |
| 4 Jul 2025 | ₹25.30 | Dividend |
| 5 Jul 2024 | ₹21.10 | Dividend |
| 14 Jul 2023 | ₹16.25 | Dividend |
| 14 Jul 2022 | ₹11.55 | Dividend |
| 15 Jul 2021 | ₹8.75 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Mahindra & Mahindra Ltd paid out 22% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did M&M management say on the latest results call? On the call for April to June 2026, held on 30 July 2026, M&M's management guided: Auto monthly capacity of 60,000 ICE SUVs and 8,000 EVs, or 68,000 total, by September. > “We expect to hit a 15.0% EBITDA margin by the end of FY27 and will then discuss the next phase.”
> Management, on the call for April to June 2026

### What management guided

- Auto monthly capacity of 12,000 EVs and 82,000 total by year-end after 10,000 INGLO capacity; later Chakan and Nagpur phases reach 92,000 and ultimately double current levels by FY31. - Tech Mahindra operating margin to reach 15.0% by end FY27; opening remarks also referred to end of this fiscal year, so timeframe requires confirmation. - Mahindra Finance total lending book to reach ₹3 lakh crores by 2031, with a 70/30 mobility and non-wheels mix. - Mahindra Finance ROA to remain around 2.4% to meet group ROE aspirations. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/349-30-Jul-2026.pdf). (From the call for April to June 2026, 30 July 2026.)

## What to watch in M&M's next results? When M&M reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Check whether monthly auto capacity reaches 68,000 by September, including 8,000 EVs, and progresses toward 82,000 by year-end. - What to check (from the call)
- Check whether monthly auto capacity reaches 68,000 by September, including 8,000 EVs, and progresses toward 82,000 by year-end. - Assess auto margin after the 2.7% price hike against commodity pressure and the temporary 85 basis points hedge loss; management called Q1 the likely low point. - Track Mahindra Finance AUM and disbursement growth, NIM around 7.3%, GS2 plus GS3 below 10.0% and ROA around 2.4% as the growth pivot continues. - Verify logistics sale of the remaining 2 lakh square feet of white space by September and whether Express reaches operating profit profitability. ## Which stock lists is M&M on? M&M is on 2 of our India lists: Nifty 50 companies and 52 week high & low. - [Nifty 50 companies Weight in the Nifty 50 (%): 2.52](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is M&M profitable? Mahindra & Mahindra Ltd earned ₹5,998 Cr of net profit in the Jun 2026 quarter, +37.0% on the same quarter a year earlier. That is the 8th quarter in a row of profit growth. Full-year FY26 profit was ₹18,622 Cr. Over 10 years profit has grown 18.0% a year on average. That is 10.3% of the quarter's revenue. The same quarter a year earlier earned ₹4,377 Cr. For the full year, FY26 profit was ₹18,622 Cr (+32.3% on the year before). Why profit moved: revenue changed +27.8% 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 +35.5% and revenue +26.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does M&M make, and is it growing? Mahindra & Mahindra Ltd reported ₹58,188 Cr of revenue in the Jun 2026 quarter, +27.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 10.1% a year on average. 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 was ₹1,98,639 Cr, +24.8% on the year before. Recent pace: the last four quarters grew +26.0% on average, against 10.1% 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 +26.2%, against +21.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +35.8%, against +29.2% a year (accelerating). ## How much of every ₹100 of sales does M&M keep? Mahindra & Mahindra Ltd's operating margin was 19.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 12.0% and 19.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed −0.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is M&M's profit turning into cash? Over the last 3 years, 20% of Mahindra & Mahindra Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹11,657 Cr of operating cash against ₹18,622 Cr of profit. After ₹10,587 Cr of spending on assets, ₹1,070 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 20% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building. ## Where does M&M's cash go? Mahindra & Mahindra Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −30 days in FY26, down from −26 days in FY21. It spent ₹33,210 Cr on assets over the last 3 years. Customers take 17 days to pay, and stock sits for 65 days on average. At FY26 sales of ₹1,98,639 Cr, each day of that cycle ties up about ₹544 Cr, so roughly −₹16,326 Cr is tied up in the business at any time. FY26: customers took 17 days to pay and stock sat for 65 days, about 2.1 months of sales sitting as stock, for a full cycle of −30 days, shorter than FY21's −26. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 65 days. Customers pay about 17 days after that. Suppliers are paid at 112 days. Together that makes the −30-day cycle. Spending on assets: ₹33,210 Cr over the last 3 years, against ₹18,120 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 ₹7,740 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 M&M's P/E ratio, and how does it compare with its own history? Mahindra & Mahindra Ltd's P/E is 18.8×, near the low end of its own history: it has been lower only 22% of the time. Its usual P/E (the middle reading) is 24.5×, 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 Jun 2026 add up to ₹148.52. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +32.2% while the price moved −16.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +27.2% a year; about +59.5% a year came from earnings growth and about −32.3 percentage points from the multiple (the market paying less); over 10 years the price moved +15.5% a year; about +19.9% a year came from earnings growth and about −4.4 percentage points from the multiple (the market paying less). 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 low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the M&M business getting better or worse? Mahindra & Mahindra Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 19.0%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does M&M earn on its capital? Mahindra & Mahindra Ltd earned a ROCE of 15% in FY26. That is up from a low of 7% in FY20. Its return on capital used (ROIC) is 1.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 9.4% net margin and 0.63× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 9.4% net margin × 0.63× asset turnover × 3.39× leverage (assets divided by equity) ≈ 20.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.9% − 12.0% = +1.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does M&M have too much debt? Mahindra & Mahindra Ltd has total debt of ₹1,37,169 Cr against shareholder equity of ₹1,09,491 Cr as of Jun 2026, so its debt is 1.25× its equity. Year by year, that ratio went from 1.37 in FY22 to 1.25 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the M&M shareholding pattern? Foreign institutions cut their stake in Mahindra & Mahindra Ltd by 7.8 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 33.3% of the company. Domestic institutions moved +7.1 points over the same period, to 34.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −7.8 points over 8 quarters, to 33.3%; Domestic institutions: +7.1 points over 8 quarters, to 34.2%; Promoters: −0.1 points over 8 quarters, to 18.4%. Promoters own under 20%, so this is a widely owned company where institutions, not a family, have the most say. Why the owners changed: foreign institutions moved −7.8 points and domestic institutions +7.1 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is M&M from balance-sheet trouble? For Mahindra & Mahindra 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 M&M rank in its industry? 68.6 out of 100, rank 1 of 4 in Auto - 4 Wheelers, with 93% of the evidence available. Mahindra & Mahindra Ltd scores 68.6 out of 100 against the 4 companies it is compared with in Auto - 4 Wheelers, ranking 1. 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: 28.1 + 14.8 + 17.3 + 8.4 = 68.6. 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 M&M compared with? M&M ranks 1 of 4 Auto - 4 Wheelers companies on the 4-Factor Sector Score, with 68.6 out of 100. 1. Mahindra & Mahindra Ltd this page M&M · quiet · Most evidence points up · 93% evidence 68.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.1/35 · Revenue 26.2% · Profit 35.8% · Operating margin change 1 points · 88% evidence Capital efficiency 14.8/25 · ROCE 15.1% · Operating margin 19% · 100% evidence Valuation 17.3/20 · P/E 18.4× · PEG 0.6 · 85% evidence Relative strength 8.4/20 · Lead over its industry 0.9% · Lead over NIFTY 500 -9.2% · 1 year -18.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 28.1 + 14.8 + 17.3 + 8.4 = 68.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Maruti Suzuki India Ltd](https://www.sectoralpha.in/stocks/maruti-suzuki-india-ltd) MARUTI · basing · Evidence leans up · 82% evidence 50.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 29.6% · Profit -9% · Operating margin change -3 points · 100% evidence Capital efficiency 16.4/25 · ROCE 18.9% · Operating margin 9% · 100% evidence Valuation 13.8/20 · P/E 26.6× · PEG 1.61 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -13.9% · 1 year -29.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 12.6 + 16.4 + 13.8 + 7.5 = 50.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. [Hyundai Motor India Ltd](https://www.sectoralpha.in/stocks/hyundai-motor-india-ltd) HYUNDAI · quiet · Evidence leans down · 75% evidence 41.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.8/35 · Revenue 8% · Profit -20% · Operating margin change -4 points · 100% evidence Capital efficiency 20.3/25 · ROCE 38.4% · Operating margin 10% · 100% evidence Valuation 7.7/20 · P/E 33.9× · PEG 2.24 · 50% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -3.7% · 1 year -21.6% · 25% evidence · 8 of 12 weeks ahead Exact sum: 5.8 + 20.3 + 7.7 + 8.1 = 41.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Tata Motors Passenger Vehicles Ltd](https://www.sectoralpha.in/stocks/tata-motors-passenger-vehicles-ltd) TMPV · quiet · Most evidence points down · 68% evidence 31.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue -5.6% · Profit 100% · Operating margin change -3 points · 83% evidence Capital efficiency 6.5/25 · ROCE 2.7% · Operating margin 6% · 76% evidence Valuation 10.0/20 · P/E 98.1× · PEG n/a · 0% evidence Relative strength 2.2/20 · Lead over its industry -9.3% · Lead over NIFTY 500 -18.3% · 1 year -35.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.6 + 6.5 + 10 + 2.2 = 31.3 · 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: [Auto - 4 Wheelers](https://www.sectoralpha.in/sectors/auto-4-wheelers), all 4 compared on one page. ## Which companies are close to M&M in size? M&M is the 2nd largest of 4 Auto - 4 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Maruti Suzuki India. Just below it: Hyundai Motor India and Tata Motors Passenger Vehicles. ### Auto - 4 Wheelers companies close in size

1. [Maruti Suzuki India Ltd](https://www.sectoralpha.in/stocks/maruti-suzuki-india-ltd) ₹3,58,325 crore
2. Mahindra & Mahindra Ltd ₹3,53,199 crore
3. [Hyundai Motor India Ltd](https://www.sectoralpha.in/stocks/hyundai-motor-india-ltd) ₹1,55,277 crore
4. [Tata Motors Passenger Vehicles Ltd](https://www.sectoralpha.in/stocks/tata-motors-passenger-vehicles-ltd) ₹97,747 crore

[All 4 Auto - 4 Wheelers companies, largest first](https://www.sectoralpha.in/sectors/auto-4-wheelers#all-companies)

### Companies close in size in other industries

1. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ₹3,64,481 crore · Power - Generation/Distribution
2. [Maruti Suzuki India Ltd](https://www.sectoralpha.in/stocks/maruti-suzuki-india-ltd) ₹3,58,325 crore · Auto - 4 Wheelers
3. Mahindra & Mahindra Ltd ₹3,53,199 crore
4. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ₹3,49,104 crore · Trading
5. [ITC Ltd](https://www.sectoralpha.in/stocks/itc-ltd) ₹3,32,848 crore · Cigarettes & Tobacco Products

## What else do people ask about M&M? ### What is M&M's share price today? Mahindra & Mahindra Ltd's share price is ₹2,908.00, −16.6% over the past year. The whole company is worth ₹3,61,656 Cr on the market. In the last 52 weeks it traded between ₹2,796 to ₹3,802; today it is 11% of the way up from the low, 8.1% below its 200-day average (as of 3 November 2026). ### What were M&M's latest quarterly results? Mahindra & Mahindra Ltd reported revenue of ₹58,188 Cr and net profit of ₹5,998 Cr for the Jun 2026 quarter. Revenue rose 27.8% and profit rose 37.0% compared with a year earlier. Earnings per share were ₹43.86. The operating margin was 19.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is M&M's market cap? Mahindra & Mahindra Ltd's market capitalisation is ₹3,61,656 Cr at a share price of ₹2,908.00. 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 M&M performing? Mahindra & Mahindra Ltd's share price has been falling for 4 weeks. In its latest quarter, revenue rose 27.8% and profit rose 37.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 8 weeks running (as of 3 November 2026). ### Will M&M's share price go up? This page does not forecast Mahindra & Mahindra Ltd's share price. What it shows instead: the share price is ₹2,908.00, and it has been falling for 4 weeks. Its P/E of 18.8× is higher than 22% of its own last 11 years (as of 3 November 2026). ### Does M&M have too much debt? Yes, Mahindra & Mahindra Ltd has a lot of debt: its debt is 1.47× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹1,36,936 Cr against equity of ₹93,097 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is M&M in its business cycle? Mahindra & Mahindra Ltd's FY26 operating margin was 19.0%, against a 13-year range of 12.0% to 19.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 19.0%. 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 M&M story? The main question: profits are rising, but only 20% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. 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 M&M a stock worth studying right now? What the numbers show: Mahindra & Mahindra Ltd's earnings have grown faster than its share price. Earnings per share grew +32.2% in a year while the price moved −16.6%. The main open question: whether the cash starts to follow the profit. 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 M&M share price forecast for 2026? What management itself guided: Auto monthly capacity of 60,000 ICE SUVs and 8,000 EVs, or 68,000 total, by September. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

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