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VIJAY KUMAR GUPTA

16th Jun · SEBI-Registered Analyst

$M&M Limited (M&M Ltd) is the flagship company of the Mahindra Group, holding a dominant position in India's automotive and farm equipment ***** Profile & Market MetricsTicker Symbols: NSE: M&M | BSE: 500520Current Share Price: ₹3,134.30 (As of last close, June 15, 2026)52-Week Trading Range: ₹2,896.00 – ₹3,839.90Market Capitalization: ₹3,89,759 CroresValuation Multiples: Stock P/E of 22.0 | Price-to-Book Value of ₹749Dividend Yield: 1.05% (The board recently recommended a final dividend of ₹33 per share for FY26)Core Business VerticalsAutomotive Segment: India's leading SUV manufacturer by revenue share, producing iconic brands like Thar, XUV700, and Scorpio. It commands over 22.5% revenue market share in passenger ***** Equipment Segment: The world’s largest tractor manufacturer by volume, maintaining a dominant 40%+ market share within ***** Mobility: Market leader in the domestic Electric 3-Wheeler segment, with aggressive expansion underway into electric SUVs (such as the upcoming Thar.e).Recent Updates & Performance (Q1 2026)Sales Surge: M&M reported massive wholesale growth in May 2026, delivering 99,636 total vehicles—a 20% year-on-year increase driven by strong SUV and domestic tractor ***** Price Hikes: To offset rising commodity input costs, the company implemented a 1.6% to 2.5% price hike across its internal combustion engine (ICE) SUV portfolio, commercial vehicles, and domestic tractor ***** Plant Expansion: Plans are finalized to construct the group's largest integrated auto and tractor plant in Nagpur, targeting an ultimate production capacity of over 500,000 vehicles and 100,000 tractors annually

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