Mahindra & Mahindra Intrinsic Value
Mahindra & Mahindra intrinsic value. Mahindra & Mahindra (M&M) median intrinsic value is ₹2558.17 from 10 valuation models (range ₹943–₹5269), vs current price ₹2864.10 — -10.7% downside (Trading Above Median Value), margin of safety -12.0%. Compare with Mahindra & Mahindra valuation methods to assess whether the stock is under or overvalued.
M&M Valuation Methods Summary — DCF, Graham Number & P/E
Mahindra & Mahindra intrinsic value across 10 models vs current price ₹2864.10 — upside/downside and value range per method. Read M&M ex-dividend dates for the complete payout history and dividend yield track record.
| Method | Type | Intrinsic Value | Range | Upside/Downside | Details |
|---|---|---|---|---|---|
| P/E Based Valuation | earnings | ₹2004.96 | ₹1603.97 - ₹2405.95 | -30.0% | EPS: ₹167.08, Sector P/E: 12x |
| Book Value Method | asset | ₹1958.69 | ₹1762.82 - ₹2154.56 | -31.6% | Book Value/Share: ₹1958.69, P/B: 1.0x |
| Revenue Multiple Method | revenue | ₹3230.86 | ₹2907.77 - ₹3553.95 | +12.8% | Revenue/Share: ₹4038.57, P/S: 0.8x |
| EBITDA Multiple Method | earnings | ₹4797.42 | ₹4317.68 - ₹5277.16 | +67.5% | EBITDA: ₹44696.00Cr, EV/EBITDA: 6x |
| Simple DCF (5Y) | dcf | ₹2558.17 | ₹2046.54 - ₹3069.80 | -10.7% | CF Growth: 12.3%, Discount: 15% |
| PEG Ratio Method | growth | ₹1069.31 | ₹962.38 - ₹1176.24 | -62.7% | EPS Growth: 8.0%, Fair P/E: 6.4x |
| Growth Adjusted P/E | growth | ₹1376.74 | ₹1239.07 - ₹1514.41 | -51.9% | Revenue Growth: 6.0%, Adj P/E: 8.2x |
| ROE Based Valuation | profitability | ₹5269.41 | ₹4742.47 - ₹5796.35 | +84.0% | ROE: 19.2%, P/E Multiple: 14x |
| Graham Defensive Method | conservative | ₹2713.54 | ₹2442.19 - ₹2984.89 | -5.3% | EPS: ₹167.08, BVPS: ₹1958.69 |
| Dividend Yield Method | dividend | ₹942.86 | ₹848.57 - ₹1037.15 | -67.1% | DPS: ₹33.00, Target Yield: 3.5% |
M&M Intrinsic Value vs Market Price — All Valuation Models
Mahindra & Mahindra fair value range ₹943–₹5269 vs current market price ₹2864.10 across 10 valuation models. For current market price and key ratios, visit Mahindra & Mahindra stock price NSE.
M&M Intrinsic Value Analysis — Undervalued or Overvalued?
Mahindra & Mahindra median intrinsic value ₹2558.17, current price ₹2864.10 — Trading Above Median Value by 10.7%, margin of safety -12.0%.
What is the intrinsic value of M&M?
Based on our comprehensive analysis using 10 different valuation methods, the estimated intrinsic value of Mahindra & Mahindra (M&M) is ₹2558.17 (median value). With the current market price of ₹2864.10, this represents a -10.7% variance from our estimated fair value.
The valuation range spans from ₹942.86 to ₹5269.41, indicating ₹942.86 - ₹5269.41.
Is M&M undervalued or overvalued?
Based on our multi-method analysis, Mahindra & Mahindra (M&M) appears to be trading above median value by approximately 10.7%.
M&M Financial Health — Key Ratios vs Industry Benchmarks
Mahindra & Mahindra financial ratios — ROE, debt-to-equity, profit margins and liquidity vs industry benchmarks and their impact on intrinsic value.
| Financial Metric | Current Value | Industry Benchmark | Assessment | Impact on Valuation |
|---|---|---|---|---|
| Return on Equity | 19.2% | Industry Standard: 15%+ | Above 15% | Measures shareholder return efficiency |
| Operating Margin | 18.0% | Industry Standard: 20%+ | Above 10% | Indicates operational efficiency level |
| Asset Turnover Ratio | 0.71x | Industry Standard: 1.0x+ | Above 0.5x | Measures asset utilization efficiency |
M&M Cash Flow Quality — Operating & Free Cash Flow
Mahindra & Mahindra operating cash flow, free cash flow, quality rating and sustainability score by period — key inputs to DCF intrinsic value calculation.
| Period | Operating Cash Flow | Free Cash Flow | Cash Flow Quality | Sustainability Score |
|---|---|---|---|---|
| March 2026 | ₹11,657 Cr | ₹2,817 Cr | Positive Free Cash Flow | 7/10 |
| March 2025 | ₹3,176 Cr | ₹-6,132 Cr | Positive Operating Cash Flow | 6/10 |
| March 2024 | ₹-5,630 Cr | ₹-8,438 Cr | Negative Cash Flow | 3/10 |
| March 2023 | ₹-7,074 Cr | ₹-11,507 Cr | Negative Cash Flow | 3/10 |
| March 2022 | ₹9,248 Cr | ₹7,622 Cr | Positive Free Cash Flow | 8/10 |