Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 77071.72 Crore) operating in Auto sector.
Promoters held 18.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 41.1 per cent, DIIs 29.9 per cent and public and others 10.2 per cent.
Motilal Oswal has given a buy rating to M&M with a target price of Rs 800. The share price moved up by 2.77 per cent from its previous close of Rs 619.65. The stock’s last traded price is Rs 636.80.
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 77071.72 Crore) operating in Auto sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 23566.75 Crore, up 44.39 % from last quarter Sales of Rs 16321.34 Crore and down 1.54 % from last year same quarter Sales of Rs 23935.93 Crore. Company reported net profit after tax of Rs -96.43 Crore in latest quarter.
Investment Rationale Implied core P/E for MM stands at 11.5x/10x FY22/FY23E EPS and 1.3x/1.2x core P/BV. This implies 28-30% discount to the 5-year average P/E and P/B.
Promoter/FII Holdings Promoters held 18.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 41.1 per cent, DIIs 29.9 per cent and public and others 10.2 per cent.
