Mahindra & Mahindra Ltd.

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See more articles on Mahindra & Mahindra Ltd.

Company Background

Mahindra & Mahindra is a core unit of conglomerate Mahindra Group. A major producer of sport utility vehicles, trucks and farm tractors, the company is active in the domestic and international markets.

The conglomerate was founded in 1945 as a steel trading company. It was established by Jagdish Chandra Mahindra, his brother Kailash Chandra Mahindra, partner Ghulam Mohammed and the city now known as Mumbai. J.C. Mahindra was the grandfather of Anand Mahindra, the current chairman.

After India won independence from Britain in 1947, Mohammed entered politics in Pakistan, leaving the management of the company to the Mahindra brothers. The company then began building four-wheel-drive vehicles and, on the strength of the auto business, gradually expanded its empire.

Anand Mahindra studied at Harvard Business School in the U.S. before going to work for a group company. In 1991, he joined the Mahindra & Mahindra management team. He became president in 1997.

The company scored hits with its SUVs in the 2000s, helping to cement its presence in the passenger car business. In 2010, it took over South Korean automaker Ssangyong Motor. It also acquired domestic startups and became the first Indian company to market electric vehicles.

Mahindra Group is also engaged in the agricultural, financial services and Information Technology services sectors. The founding family and group companies own more than 20% of Mahindra & Mahindra.

Business Summary

Mahindra & Mahindra Ltd. is a holding company, which engages in the manufacturing of automotive vehicles. It operates through the following segments: Automotive, Farm Equipment, and Others. The Automotive segment comprises of sale of automobiles, spare parts, and related services. The Farm Equipment segment involves in the sale of tractor and spare parts. The Others segment includes agri, construction equipment, powerol, and spares business unit. The company was founded by Jagdish Chandra Mahindra, Kailash Chandra Mahindra, and Ghulam Mohammed on October 2, 1945 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2022	INR	USD
Revenue	901,705.70M	12,101.86M
Gross Profit	266,283.10M	3,573.80M
Operating income	111,753.50M	1,499.85M
Income before tax	75,059.80M	1,007.38M
Net income	65,773.20M	882.74M
EBITDA	146,828.50M	1,970.59M
Diluted EPS	58.83	0.78
Dividends Per Share	11.55	0.15
Total Assets	1,741.12B	22,977.60M
Total liabilities	1,172.87B	15,478.39M
Total equity	471,226.40M	6,218.75M
Operating cash flow	102,346.50M	1,373.60M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	917,458M	1,043.66B	751,290.30M	735,819.20M	901,705.70M
Gross Profit	236,452M	247,601M	224,918M	202,254.50M	266,283.10M
Operating income	98,509.80M	110,070.10M	96,622.70M	80,277.90M	111,753.50M
Income before tax	92,182.60M	75,043.20M	36,611.50M	40,710.70M	75,059.80M
Net income	75,103.90M	53,154.60M	23,917.90M	33,474.10M	65,773.20M
EBITDA	131,308.80M	149,977.80M	130,289.50M	114,059M	146,828.50M
Diluted EPS	68.86	48.69	1.03	16.14	58.83
Dividends Per Share	7.50	8.50	2.35	8.75	11.55
Total Assets	1,372.10B	1,633.91B	1,670.06B	1,664.62B	1,741.12B
Total liabilities	921,852.50M	1,150.47B	1,193.45B	1,158.10B	1,172.87B
Total equity	367,516.70M	399,598.90M	399,693.10M	415,819.20M	471,226.40M
Operating cash flow	7,308.30M	-42,904.70M	-9,869.90M	181,072.80M	102,346.50M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	14,231.64M	14,921.65M	10,595.58M	9,912.02M	12,101.86M
Gross Profit	3,667.85M	3,540.05M	3,172.05M	2,724.51M	3,573.80M
Operating income	1,528.08M	1,573.71M	1,362.68M	1,081.40M	1,499.85M
Income before tax	1,429.94M	1,072.92M	516.33M	548.40M	1,007.38M
Net income	1,165.01M	759.97M	337.31M	450.92M	882.74M
EBITDA	2,036.86M	2,144.29M	1,837.49M	1,536.45M	1,970.59M
Diluted EPS	1.06	0.69	0.01	0.21	0.78
Dividends Per Share	0.11	0.12	0.03	0.11	0.15
Total Assets	21,037.61M	23,585.93M	22,075.86M	22,767.60M	22,977.60M
Total liabilities	14,134.13M	16,607.37M	15,775.76M	15,839.73M	15,478.39M
Total equity	5,634.88M	5,768.29M	5,283.36M	5,687.29M	6,218.75M
Operating cash flow	113.36M	-613.42M	-139.19M	2,439.18M	1,373.60M

Valuation Measures

Mar 2022
PER	13.61
ROA	3.86%
ROE	14.82%
Operating margin	12.39%
Profit margin	7.29%

Key executives

Chief Executive Officer, MD & Director: Anish Dilip Shah
President & Group Chief Financial Officer: Manoj Bhat
Group Chief Technology Officer & Executive VP: Mohit Kapoor
President-Group Legal & Compliance: Zhooben Dossabhoy Bhiwandiwala
Secretary, Compliance Officer & Executive VP: Narayan Shankar

Shareholders

Prudential Management & Services Pvt Ltd. (11.3%)
Life Insurance Corporation of India (Investment Portfolio) (7.2%)
Mahindra & Mahindra Benefit Trust (6.7%)
First Sentier Investors (Australia) IM Ltd. (5.0%)
SBI Funds Management Pvt Ltd. (3.5%)
ICICI Prudential Asset Management Co. Ltd. (3.4%)
The Vanguard Group, Inc. (2.2%)
RBC Global Asset Management (UK) Ltd. (1.8%)
BlackRock Fund Advisors (1.5%)
Norges Bank Investment Management (1.4%)

Contact Details

Website:http://www.mahindra.com
Address: Mahindra Towers, Dr. G. M. Bhosale Marg, Mumbai, 400018, India
Phone: +91.22.24901441

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Competitors

Kia Corp.
Deere & Company

Last Updated on 1 Jul, 2022