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 2020	INR	USD
Revenue	949,261.90M	13,387.61M
Gross Profit	219,892M	3,101.17M
Operating income	77,560.30M	1,093.84M
Income before tax	6,120.30M	86.31M
Net income	1,270.40M	17.91M
EBITDA	127,323.20M	1,795.66M
Diluted EPS	1.03	0.01
Dividends Per Share	2.35	0.03
Total Assets	1,670.06B	22,075.86M
Total liabilities	1,193.45B	15,775.76M
Total equity	399,693.10M	5,283.36M
Operating cash flow	-11,161.40M	-157.41M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	754,794.30M	831,506.60M	917,458M	1,043.66B	949,261.90M
Gross Profit	188,995.30M	196,987.10M	236,452M	247,601M	219,892M
Operating income	77,717.80M	75,057.80M	98,509.80M	110,070.10M	77,560.30M
Income before tax	48,260M	54,508.60M	92,182.60M	75,043.20M	6,120.30M
Net income	30,660.60M	36,980.40M	75,103.90M	53,154.60M	1,270.40M
EBITDA	102,134.30M	103,185M	131,308.80M	149,977.80M	127,323.20M
Diluted EPS	28.24	34.13	68.86	48.69	1.03
Dividends Per Share	6	6.50	7.50	8.50	2.35
Total Assets	1,006.32B	1,147.42B	1,372.10B	1,633.91B	1,670.06B
Total liabilities	682,192.30M	786,472.60M	921,852.50M	1,150.47B	1,193.45B
Total equity	264,691.30M	297,144.70M	367,516.70M	399,598.90M	399,693.10M
Operating cash flow	24,607.70M	4,668.40M	7,308.30M	-42,904.70M	-11,161.40M

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	11,528.71M	12,399.98M	14,231.64M	14,921.65M	13,387.61M
Gross Profit	2,886.70M	2,937.60M	3,667.85M	3,540.05M	3,101.17M
Operating income	1,187.05M	1,119.31M	1,528.08M	1,573.71M	1,093.84M
Income before tax	737.12M	812.86M	1,429.94M	1,072.92M	86.31M
Net income	468.30M	551.47M	1,165.01M	759.97M	17.91M
EBITDA	1,559.99M	1,538.76M	2,036.86M	2,144.29M	1,795.66M
Diluted EPS	0.43	0.50	1.06	0.69	0.01
Dividends Per Share	0.09	0.09	0.11	0.12	0.03
Total Assets	15,196.05M	17,670.30M	21,037.61M	23,585.93M	22,075.86M
Total liabilities	10,301.51M	12,111.69M	14,134.13M	16,607.37M	15,775.76M
Total equity	3,996.99M	4,576.03M	5,634.88M	5,768.29M	5,283.36M
Operating cash flow	375.85M	69.61M	113.36M	-613.42M	-157.41M

Valuation Measures

Mar 2020
PER	247.78
ROA	0.07%
ROE	0.31%
Operating margin	8.17%
Profit margin	0.13%

Key executives

Chief Executive Officer, Executive Director & MD: Pawan Kumar Goenka
Deputy MD, Chief Financial Officer & Director: Anish Dilip Shah
Secretary, Compliance Officer & Executive VP: Narayan Shankar
President-Group Mergers & Acquisitions: Subramaniam Durgashankar
President-Agri Business: Ashok Sharma

Shareholders

Prudential Management & Services Pvt Ltd. (11.3%)
Life Insurance Corp of India (10.9%)
Mahindra & Mahindra Benefit Trust (6.7%)
First Sentier Investors (Australia) IM Ltd. (4.7%)
SBI Funds Management Pvt Ltd. (2.8%)
ICICI Prudential Asset Management Co. Ltd. (2.3%)
The Caisse de depot et placement du Quebec (1.8%)
The Vanguard Group, Inc. (1.6%)
RBC Global Asset Management (UK) Ltd. (1.6%)
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: +91.22.24975074

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Mahindra Electoral Trust Co.
Mahindra Reva Electric Vehicles Ltd.
Mahindra Defence Systems Ltd.
Mahindra Intratrade Ltd.
Navistar International Corp. /Joint Ventures (2)/
Mahindra Vehicle Manufacturers Ltd.
Mahindra Partners
Crest Geartech Pvt Ltd.
Defence Land Systems India Pvt Ltd.
Mahindra Construction Co. Ltd.
Vayugrid Marketplace Services Pvt Ltd.
Mahindra Holdings Ltd.

Competitors

KIA Motors Corporation
LVMC Holdings Co. Ltd.
Great Wall Motor Co., Ltd. Class H
Deere & Company

Last Updated on 25 Sep, 2020