Automobile and Auto Components · NSE: M&M
Intrynsic's multi-model valuation estimates Mahindra & Mahindra Limited's fair value at ₹4,005 per share (range ₹2,167–₹4,530) against a market price of ₹2,948 - a gap of +35.9% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹2,948
close of 29 Sept 2026
Est. fair value
₹4,005
₹2,167–₹4,530
Gap
+35.9%
price vs estimate
Trading ~36% below our estimated fair-value range. Assumptions and per-model workings are below.
Mahindra & Mahindra is India's leading maker of SUVs and tractors, with interests in finance, IT and hospitality through listed group companies. Rural demand and new SUV launches drive its volumes.
Automobile and Auto Components · Automobiles
Over the last 3 years, revenue grew 17.8%/yr and profit grew 17.9%/yr.
Every ₹100 of shareholder money earned ₹20.0 in profit last year, vs a sector median of 12.7%.
Debt is 1.44x equity — manageable, worth watching.
The market price is below our estimated fair-value range (based on stated assumptions).
About ₹0 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 3 of 5 years.
Intrynsic values Mahindra & Mahindra Limited with 4 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| Forward DCF | ₹2,167 | -26% | - |
| EV/EBITDAIndustry Comparison Method | ₹4,005 | +36% | - |
| P/E MultipleEarnings Multiple Method | ₹3,498 | +19% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹4,530 | +54% | - |
| Revenue | ₹1,98,639 Cr | |
| Net profit | ₹18,622 Cr | |
| EPS | ₹137.5 | |
| Free cash flow | ₹2,052 Cr | |
| ROE (latest) | 20.0% | |
| Revenue growth (CAGR) | 10.1% | |
| Profit growth (CAGR) | 21.0% |
Intrynsic's multi-model valuation estimates Mahindra & Mahindra Limited's fair value at ₹4,005 per share (range ₹2,167–₹4,530), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
Mahindra & Mahindra Limited trades at ₹2,948 against Intrynsic's estimated fair value of ₹4,005 - the market price is 36% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Mahindra & Mahindra Limited trades at about 21.4 times its latest annual earnings per share.
Mahindra & Mahindra is India's leading maker of SUVs and tractors, with interests in finance, IT and hospitality through listed group companies. Rural demand and new SUV launches drive its volumes.
Intrynsic runs 4 valuation models for Mahindra & Mahindra Limited (Forward DCF, EV/EBITDA, P/E Multiple, EV/EBIT) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy