Mahindra & Mahindra Ltd

About M&M Share Price

Mahindra & Mahindra Ltd is one of India’s largest and most diversified automobile manufacturers, with a significant presence across various sectors. The company’s operations span 2-wheelers, 3-wheelers, passenger vehicles (PVs), commercial vehicles (CVs), tractors, and earthmovers. It also extends its reach into financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading, IT, agriculture, aerospace, defence, energy, and industrial equipment through its various subsidiaries and group companies. You can track Mahindra and Mahindra share price today on NSE & BSE with BlinkX.

History of Mahindra & Mahindra

Founded in 1945 by Ghulam Mohammad and the Mahindra brothers, KC and JC Mahindra, the company was initially known as Mahindra & Mahindra. It was officially renamed in 1948. Over the decades, Mahindra & Mahindra has grown from its roots in the automobile industry to become a global conglomerate with a presence in over 100 countries. You can check out Mahindra & Mahindra share price for more insights.

Business Segments of Mahindra and Mahindra Share

• Automotive Division: This division is a major player in India’s automotive sector. It is the fourth-largest passenger vehicle manufacturer, the second-largest commercial vehicle (CV) producer, and the leading small commercial vehicle (LCV) manufacturer in India. The company holds a 21% market share in the SUV segment and a dominant 50% share in the LCV market as of Q3FY24. Popular models include the XUV 300, XUV 400, XUV 700, Thar, Bolero, and Scorpio-N. The division faces a forecasted flat demand in Q4FY24 due to the ramp-down of the XUV300 for mid-cycle enhancements.
• Farm Equipment Division: This division has maintained a 42% market share in India’s tractor industry for the past 40 years. It is also present in key global markets including the USA, Brazil, Mexico, and Turkey. The company is investing ₹200 crores to establish a new plant in Pithampur to manufacture rice transplanters, potato planters, and harvesters.
• Other/Allied Businesses:  This segment includes Mahindra Powerol, a leader in power backup solutions for the telecom industry; construction equipment; and the 2-wheeler business, which includes the iconic Jawa Motorcycles. Additionally, the company is a leader in the electric 3-wheeler market, holding a 59.5% market share in the segment as of 9MFY24.

Key Subsidiaries of M&M

Tech Mahindra Ltd: A leading IT company in India with a significant global presence, providing a range of IT services and solutions.

• Mahindra Financial Services Ltd: This non-banking financial company (NBFC) focuses on financing pre-owned and utility vehicles, tractors, cars, and commercial vehicles, primarily serving rural and semi-urban areas.

Financial Performance of Mahindra & Mahindra Stock

• Mahindra & Mahindra Ltd. released June quarter results with net profit falling 5% to ₹2,613 crore.
• Revenue for the quarter rose 12% to ₹27,039 crore.
• Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose 22% year-on-year to ₹4,023 crore.
• The EBITDA margin for the quarter increased by 120 basis points year on year to 14.9%.
• M&M reported an 11% increase in volume during the quarter, reaching 3.33 lakh units.
• The car sector experienced a volume increase of 13% from the previous year, while the tractor business climbed by roughly 6% from the same period last year.
• The Mahindra and Mahindra share price has seen significant fluctuations in recent months, reflecting broader market trends and company performance. Further, you can stay up to date with the M&M share price.
   

Key Personnels at Mahindra and Mahindra

• Mr. Anand Mahindra is the Chairman of Mahindra Group.
• Mr. Anish Shah is the Group CEO and MD.
• Mr. Rajesh Jejurikar is the ED & CEO of the Auto & Farm Sectors.
• Mr. TN Manoharan, Ms. Shikha Sharma, Ms. Nisaba Godrej, Mr. Muthiah Murugappan, and Ms. Padmasree Warrior are the Independent Directors.
• Mr. Ranjan Pant and Mr. Sat Pal Bhanoo are the Non-Executive and Non-Independent Directors.