M&M Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

One of India’s most broadened car organizations is Mahindra and Mahindra Limited. Bikes, three-wheelers, PVs, CVs, work vehicles and tractors are only a portion of the items presented by the organization. Through its subsidiaries and group companies, it is also present in a variety of industries, including financial services, automotive components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, agriculture, aerospace, consulting services, defense, energy, and industrial equipment. In 1945, Ludhiana-based Kailash Chandra Mahindra and Jagdish Chandra Mahindra established M&M (M&M).

M&M Share Price Target 2024-2030

The M&M company started out as a steel trading company and has grown into a massive player in the Indian automobile industry in areas like passenger cars, commercial vehicles, and tractor sales. Originally a steel trader, the company now dominates the passenger car and commercial vehicle manufacturing sectors in India. The Mahindra and Mahindra Share Price has performed well over the past year and the past six months as well, but its trading over the past 30 days has been shaky.

M&M Share Price Target Today Update

The share price target set by Mahindra and Mahindra Limited is subject to a variety of factors, which investors must navigate. We will inform investors of factors affecting India’s multinational automobile company in this article. In 1945, the brothers Kailash Chandra Mahindra and Jagdish Chandra Mahindra founded M&M, or Mahindra & Mahindra, in Ludhiana. Investors will learn about the M&M Share Price Predictions for the future and other interesting details like the M&M Share Price Target for 2025 and potential forecasts in this article.

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M&M Latest News

• The M&M Share Price Today opened at Rs 1865 on the National Stock Exchange at 9:16 in the morning. The M&M NSE stock is currently trading at Rs 1875 per share, 0.49% higher than its previous close of Rs 1865 per share.
• In a significant cooperation news, Mahindra and Mahindra Gathering are holding hands with the ATEL (Adani All out Energies E Portability) to raise the EV Charging Framework Blueprint in the country.
• In addition to establishing charging stations, M&M and ATEL are seeking solutions to issues related to electric mobility in India, such as navigation, availability, and payment methods.
• In February 2024, Mahindra and Mahindra Ltd vehicle organization was enjoying some real success on its SUV deals development by 40% edge to 42,401 units (YOY). The company’s overall production increased by 26% to 71,284 units.

M&M Business Profile

This company is the fourth major Passenger Motorcar vehicles (LCV) and the fourth largest passenger car and commuter vehicle manufacturer in India. When it comes to sport utility vehicles (SUVs), it owns 21% of the market and 50% of the market for light commercial vehicles. This company manufactures the sports utility vehicle (SUV) that is India’s most popular model.

Farm Equipment Division

In the homegrown farm truck industry, the organization right now holds around 42% piece of the pie as at Q3FY24. In India, it has been the lead producer for the beyond 40 years in progression in the country’s farm vehicle business. The company operates in the United States, Brazil, Mexico, and Turkey, which are the world’s four largest markets, and it engages in substantial international farming operations.

Manufacturing Capabilities

The company owns and operates a total of 66 production facilities that are used to make motorcycles, cars, tractors, farm equipment, and other products. If this is broken down, 41 of these plants are located in India, while the remaining 27 can be found in the United States, Turkey, the United Arab Emirates, Algeria, and many other countries worldwide. There are likewise research and advancement focuses situated in America, China, Japan, India, Turkey and other European nations like Finland, Italy, France and Britain.

Collaboration with Volkswagen

The company signed a supply agreement with Volkswagen on February 24 under which it will install VW’s MEB electric components and INGLO-standardized cells for some of its e-platforms.

M&M Fundamentals & Quarterly Results

Market Cap	₹ 3,64,180 Cr.
Current Price	₹ 2,929
High / Low	₹ 2,946 / 1,368
Stock P/E	32.3
Book Value	₹ 532
Dividend Yield	0.72 %
ROCE	13.7 %
ROE	18.4 %
Face Value	₹ 5.00
Debt to Equity	1.61
Debt Capacity	-0.14
Debt Preceding Year	₹ 92,247 Cr.
Debt	₹ 1,06,626 Cr.
Reserves	₹ 65,633 Cr.
EPS	₹ 90.6
EPS Last Year	₹ 90.6
Pledged Percentage	0.06 %
FCF Prev Ann	₹ -13,241 Cr.
EV/EBITDA	16.3
Industry PE	31.1
PEG Ratio	1.92
Piotroski Score	6.00
Earnings Yield	5.11 %
Sales Growth 5 Years	5.84 %

M&M Quarterly Results

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales +	28,414	29,870	30,621	32,456	33,892	34,436	35,299	35,452
Expenses +	24,016	24,802	25,368	26,798	27,642	28,706	29,075	28,848
Operating Profit	4,399	5,068	5,254	5,658	6,249	5,730	6,224	6,604
OPM %	15%	17%	17%	17%	18%	17%	18%	19%
Other Income +	675	1,348	1,184	662	1,065	812	756	750
Interest	1,219	1,382	1,596	1,634	1,719	1,835	1,945	1,989
Depreciation	960	1,092	1,110	1,194	1,128	1,139	1,123	1,335
Profit before tax	2,894	3,943	3,732	3,492	4,468	3,568	3,912	4,030
Tax %	18%	23%	20%	14%	18%	30%	24%	22%
Net Profit +	2,361	3,021	2,994	2,998	3,684	2,484	2,977	3,125
EPS in Rs	17.66	22.30	21.53	21.20	28.21	18.88	21.38	22.15

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CAGR Report

Metric	10 Years	5 Years	3 Years	TTM / 1 Year
Compounded Sales Growth	7%	6%	23%	15%
Compounded Profit Growth	10%	17%	80%	20%
Stock Price CAGR	18%	36%	54%	109%
Return on Equity	13%	12%	17%	18%

M&M Shareholding Pattern

	10 Years	5 Years	3 Years	TTM / 1 Year
Compounded Sales Growth	7%	6%	23%	15%
Compounded Profit Growth	10%	17%	80%	20%
Stock Price CAGR	18%	36%	54%	109%
Return on Equity	13%	12%	17%	18%

M&M Share Price Target 2024-2030 Forecast

Year	Target
2024	₹3170
2025	₹3627
2026	₹4150
2027	₹4747
2028	₹5432
2029	₹6171
2030	₹6870

M&M Share Price Target 2025

Month	Target
January	₹3233
February	₹3298
March	₹3364
April	₹3252
May	₹3144
June	₹3039
July	₹3161
August	₹3287
September	₹3418
October	₹3486
November	₹3556
December	₹3627

M&M Share Price Target 2026

Month	Target
January	₹3700
February	₹3774
March	₹3849
April	₹3721
May	₹3597
June	₹3477
July	₹3616
August	₹3761
September	₹3911
October	₹3989
November	₹4069
December	₹4150

M&M Share Price Target 2027

Month	Target
January	₹4233
February	₹4318
March	₹4404
April	₹4257
May	₹4115
June	₹3978
July	₹4137
August	₹4302
September	₹4474
October	₹4563
November	₹4654
December	₹4747

M&M Share Price Target 2028

Month	Target
January	₹4842
February	₹4939
March	₹5038
April	₹4870
May	₹4708
June	₹4551
July	₹4733
August	₹4922
September	₹5119
October	₹5221
November	₹5325
December	₹5432

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M&M Share Price Target 2029

Month	Target
January	₹5572
February	₹5521
March	₹5571
April	₹5685
May	₹5702
June	₹5722
July	₹5815
August	₹5889
September	₹5912
October	₹5964
November	₹6017
December	₹6171

M&M Share Price Target 2030

Month	Target
January	₹6026
February	₹6083
March	₹6141
April	₹6243
May	₹6348
June	₹6456
July	₹6489
August	₹6572
September	₹6687
October	₹6747
November	₹6808
December	₹6870

Points Before investing in M&M Stock

• In the fiscal year 2023, the Mahindra & Mahindra (M&M) company made all of its financial reports positive. However, Tata Motors’ competition in the passenger vehicle market, particularly the hatchback market, is tough. In the small passenger car market, Maruti is the market leader.
• The M&M faces the challenge of entering the midsize and small hatchback passenger car market. Sports Utility Vehicle (SUV) is the raid of Mahindra and Mahindra Ltd organization with the send off of the ”XUV” series after the long term win of its best SUV item, the Mahindra ”Scorpio”.
• However, the SUV market is now saturated. Hyundai, Toyota, and MG Group are just a few of the companies that have begun this fierce competition for car buyers. Mahindra and Mahindra stock is suggested by the Motilal Oswal Market Master in the ”Purchase” class with the M&M Offer Value Focus at Rs 2,005.
• Mahindra and the Mahindra company, which dominates the country’s SUV market, may face competition from Toyota and Hyundai. Financial backers should observe the month to month deals of Mahindra SUV vehicle deals. M&M EBITDA 2023 increased by 38% to Rs 193.86 billion, indicating a high cash profit for the Indian automobile manufacturer.
• M&M’s overall gain likewise saw a development of 56.32% alongside a 34.39% development in Mahindra and Mahindra income to Rs 1.22 trillion.

Final Words

The M&M automobile company’s share price is affected by a lot of things, like how well the company’s finances are doing and how much money it makes in the strong SUV market. In every aspect, Mahindra and Mahindra Limited reported a healthy growth rate in the previous year’s annual financial report. M&M’s share price history over the past five years indicates that the company’s stock is a steady but swift tortoise in the market; it has increased by 178% on the National Stock Exchange since 2019.