ET Bureau & Agencies has buy call on Mahindra & . with a target price of Rs 1500. The current market price of Mahindra & Mahindra is Rs 1287.25. Time period given by analyst is one year when Mahindra & Mahindra Ltd. price can reach defined target.
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 161596.38 Crore) operating in Auto sector.
Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Scrap, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 28628.39 Crore, up 9.20 % from last quarter Total Income of Rs 26215.47 Crore and up 47.81 % from last year same quarter Total Income of Rs 19368.16 Crore. Company reported net profit after tax of Rs 1918.04 Crore in latest quarter.
Investment Rationale
The brokerage have fine-tuned auto volume estimates on receding supply issues in the recent months. Basis the BII* investment announcement in Jul’22, it added INR 170 to SOTP valuation based on EV Co’s valuation. Driven by new capital allocation policy and strong demand tailwind in autos, it maintains BUY with a Mar’23 target price of INR 1,500 (SOTP valuation, 16x core business)
Promoter/FII Holdings
Promoters held 19.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 43.61 per cent, DIIs 23.26 per cent.
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 161596.38 Crore) operating in Auto sector.
Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Scrap, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 28628.39 Crore, up 9.20 % from last quarter Total Income of Rs 26215.47 Crore and up 47.81 % from last year same quarter Total Income of Rs 19368.16 Crore. Company reported net profit after tax of Rs 1918.04 Crore in latest quarter.
Investment Rationale
The brokerage have fine-tuned auto volume estimates on receding supply issues in the recent months. Basis the BII* investment announcement in Jul’22, it added INR 170 to SOTP valuation based on EV Co’s valuation. Driven by new capital allocation policy and strong demand tailwind in autos, it maintains BUY with a Mar’23 target price of INR 1,500 (SOTP valuation, 16x core business)
Promoter/FII Holdings
Promoters held 19.45 per cent stake in the company as of 30-Jun-2022, while FIIs owned 43.61 per cent, DIIs 23.26 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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