If you’re always looking for a good investment opportunity, you might be interested in Mahindra and Mahindra’s share price target for the coming few years. Mahindra and Mahindra is a popular stock among investors because of its established track record of steady growth and prestige for innovation in the automobile industry. But, given the market’s uncertainties, is it a good stock to buy? Throughout this article, we’ll look more closely at Mahindra and Mahindra’s financials and share price targets from 2024 to 2030, to assist you in making a smart investment decision.
What is Mahindra and Mahindra?
Mahindra & Mahindra Limited, founded in 1945 as Mahindra & Mohammed and later renamed, stands as a prominent figure in India’s automotive, farming, and services sectors. With headquarters in Mumbai and a part of the Mahindra Group, it holds a significant position as one of India’s largest vehicle manufacturers by production.
Under the leadership of CEO Anish Shah, the company’s rich history, strong presence, and diverse offerings contribute to its revenue of 1.22 lakh crores INR (approximately US$15 billion) in 2023, while employing around 2,60,000 individuals.
Mahindra & Mahindra’s recent investment of Rs 417 crore for a 3.53% stake in RBL Bank is driven by a long-term view of 7-10 years. The move serves the dual purpose of gaining banking insights to enhance their financial services and leveraging synergies. The investment was attracted by favorable valuations, showcasing M&M’s strategic diversification and growth approach.
Below are the trading platforms that you can use to purchase Mahindra and Mahindra shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 3,163.32 | 2,750.71 |
| July 2024 | 3,131.69 | 2,723.21 |
| August 2024 | 3,256.95 | 2,832.13 |
| September 2024 | 3,387.23 | 2,945.42 |
| October 2024 | 3,320.82 | 2,887.67 |
| November 2024 | 3,420.44 | 2,974.30 |
| December 2024 | 3,505.95 | 3,048.65 |
As of June 17, 2024, Mahindra and Mahindra’s share price is ₹2,929, with a market cap of ₹3,64,180 Cr. Predicted to reach ₹3,505.95 in December 2024, the stock shows a P/E of 32.3 and a book value of ₹532.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,576.07 | 2,750.82 |
| February 2025 | 3,667.76 | 2,821.36 |
| March 2025 | 3,810.81 | 2,931.39 |
| April 2025 | 3,736.09 | 2,873.91 |
| May 2025 | 3,627.27 | 2,790.21 |
| June 2025 | 3,790.49 | 2,915.77 |
| July 2025 | 3,716.17 | 2,858.59 |
| August 2025 | 3,831.10 | 2,947.00 |
| September 2025 | 3,965.19 | 3,050.15 |
| October 2025 | 4,068.29 | 3,129.45 |
| November 2025 | 4,170.00 | 3,207.69 |
| December 2025 | 4,274.25 | 3,287.88 |
Mahindra and Mahindra’s share price is projected to rise steadily in 2025, reaching a maximum of ₹4,274.25 in December, with the minimum in January at ₹2,750.82, reflecting strong growth potential.
| When | Maximum Price | Minimum Price |
| January 2026 | 4,402.47 | 3,386.52 |
| February 2026 | 4,515.36 | 3,473.35 |
| March 2026 | 4,691.46 | 3,608.81 |
| April 2026 | 4,599.47 | 3,538.05 |
| May 2026 | 4,465.50 | 3,435.00 |
| June 2026 | 4,666.45 | 3,589.58 |
| July 2026 | 4,574.95 | 3,519.19 |
| August 2026 | 4,716.44 | 3,628.03 |
| September 2026 | 4,881.52 | 3,755.01 |
| October 2026 | 5,008.44 | 3,852.64 |
| November 2026 | 5,133.65 | 3,948.96 |
| December 2026 | 5,261.99 | 4,047.68 |
| When | Maximum Price | Minimum Price |
| January 2027 | 5,367.23 | 4,128.64 |
| February 2027 | 5,504.85 | 4,234.50 |
| March 2027 | 5,719.54 | 4,399.65 |
| April 2027 | 5,607.39 | 4,313.38 |
| May 2027 | 5,444.07 | 4,187.75 |
| June 2027 | 5,689.05 | 4,376.20 |
| July 2027 | 5,577.50 | 4,290.39 |
| August 2027 | 5,750.00 | 4,423.08 |
| September 2027 | 5,951.25 | 4,577.89 |
| October 2027 | 6,105.99 | 4,696.91 |
| November 2027 | 6,258.64 | 4,814.34 |
| December 2027 | 6,415.10 | 4,934.69 |
| When | Maximum Price | Minimum Price |
| January 2028 | 6,543.40 | 5,033.39 |
| February 2028 | 6,711.18 | 5,162.45 |
| March 2028 | 6,972.92 | 5,363.78 |
| April 2028 | 6,836.20 | 5,258.61 |
| May 2028 | 6,637.08 | 5,105.45 |
| June 2028 | 6,935.75 | 5,335.19 |
| July 2028 | 6,799.76 | 5,230.58 |
| August 2028 | 7,010.06 | 5,392.35 |
| September 2028 | 7,255.41 | 5,581.09 |
| October 2028 | 7,444.05 | 5,726.19 |
| November 2028 | 7,630.15 | 5,869.35 |
| December 2028 | 7,820.91 | 6,016.08 |
| When | Maximum Price | Minimum Price |
| January 2029 | 7,977.32 | 6,136.40 |
| February 2029 | 8,181.87 | 6,293.75 |
| March 2029 | 8,500.96 | 6,539.20 |
| April 2029 | 8,334.28 | 6,410.98 |
| May 2029 | 8,091.53 | 6,224.26 |
| June 2029 | 8,455.65 | 6,504.35 |
| July 2029 | 8,289.85 | 6,376.81 |
| August 2029 | 8,546.24 | 6,574.03 |
| September 2029 | 8,845.36 | 6,804.12 |
| October 2029 | 9,075.34 | 6,981.03 |
| November 2029 | 9,302.22 | 7,155.56 |
| December 2029 | 9,534.78 | 7,334.45 |
| When | Maximum Price | Minimum Price |
| January 2030 | 9,725.47 | 7,481.13 |
| February 2030 | 9,974.85 | 7,672.96 |
| March 2030 | 10,363.86 | 7,972.20 |
| April 2030 | 10,160.65 | 7,815.89 |
| May 2030 | 9,864.71 | 7,588.24 |
| June 2030 | 10,308.62 | 7,929.71 |
| July 2030 | 10,106.49 | 7,774.23 |
| August 2030 | 10,419.06 | 8,014.67 |
| September 2030 | 10,783.73 | 8,295.18 |
| October 2030 | 11,064.11 | 8,510.85 |
| November 2030 | 11,340.71 | 8,723.62 |
| December 2030 | 11,624.23 | 8,941.71 |
Financial Condition of Mahindra and Mahindra: Last 5 years
| Metrics | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Sales | 104,721 | 75,382 | 74,278 | 90,171 | 121,269 | 139,078 |
| Expenses | 89,514 | 65,224 | 62,791 | 75,488 | 100,983 | 114,186 |
| Operating Profit | 15,207 | 10,158 | 11,487 | 14,683 | 20,285 | 24,892 |
| OPM % | 15% | 13% | 15% | 16% | 17% | 18% |
| Other Income | 2,676 | 885 | 1,152 | 3,204 | 3,961 | 3,298 |
| Interest | 5,021 | 6,021 | 6,102 | 5,018 | 5,830 | 7,488 |
| Depreciation | 3,991 | 3,367 | 3,378 | 3,508 | 4,357 | 4,724 |
| Profit Before Tax | 8,871 | 1,655 | 3,158 | 9,362 | 14,060 | 15,978 |
| Tax % | 32% | 119% | 52% | 23% | 19% | 23% |
| Net Profit | 6,017 | -321 | 1,512 | 7,253 | 11,374 | 12,270 |
| EPS | 42.76 | 1.02 | 14.58 | 52.91 | 82.68 | 90.62 |
| Dividend Payout % | 17% | 205% | 54% | 20% | 18% | 21% |
Over the last five years, Mahindra and Mahindra has exhibited a significant financial transformation. From March 2019 to March 2024, the company’s sales surged from ₹104,721 crore to ₹139,078 crore, reflecting robust growth. Expenses, while also increasing from ₹89,514 crore to ₹114,186 crore, were outpaced by the growth in sales, resulting in an operating profit increase from ₹15,207 crore to ₹24,892 crore. The operating profit margin (OPM%) improved from 15% to 18%, demonstrating enhanced operational efficiency.
Other income showed variability, peaking at ₹3,961 crore in March 2023 before slightly declining to ₹3,298 crore in March 2024. Interest expenses rose from ₹5,021 crore to ₹7,488 crore, while depreciation increased from ₹3,991 crore to ₹4,724 crore. Despite these rising costs, profit before tax grew substantially from ₹8,871 crore to ₹15,978 crore.
Net profit saw a remarkable turnaround, recovering from a loss of ₹321 crore in March 2020 to a profit of ₹12,270 crore in March 2024. Consequently, earnings per share (EPS) increased dramatically from ₹1.02 to ₹90.62. Dividend payout percentages varied, with a peak of 205% in March 2020, stabilizing at 21% in March 2024. Overall, Mahindra and Mahindra’s financial performance over these years underscores its resilience and strategic growth
FAQS
As of 17th June 2024, the current share price of Mahindra and Mahindra is around 2,929 INR.
While it is difficult to predict the exact share price of any stock, based on current market trends and historical data, it is unlikely that Mahindra and Mahindra’s share price will reach 5000 INR by 2025.
The share Price target of Mahindra and Mahindra is expected to reach ₹11,624.23 by the end of 2030.
Factors like the company’s financial performance, market competition, government policies, global economic conditions, and consumer demand can impact the share price of Mahindra and Mahindra.
Is Mahindra and Mahindra a good stock to buy?
Mahindra and Mahindra have a strong presence in various sectors and have shown steady growth in their financial performance in recent years. While no stock is completely risk-free, Mahindra and Mahindra is considered a good stock to buy for long-term investment.
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Conclusion
In conclusion, Mahindra and Mahindra demonstrates strong growth potential, making it a promising stock for long-term investment. Over the past five years, the company has significantly improved its financial performance, evidenced by increased sales, operating profits, and net profits.
With a current share price of ₹2,929 as of June 2024 and a projected rise to ₹11,624.23 by 2030, investors can anticipate substantial returns. However, market uncertainties and various influencing factors must be considered. Overall, Mahindra and Mahindra’s robust market presence and strategic growth initiatives position it as a valuable addition to an investment portfolio.
What did we learn?
- 1 What is Mahindra and Mahindra?
- 2 How to Purchase Mahindra and Mahindra Shares?
- 3 Mahindra and Mahindra Share Price Target: 2024 to 2030
- 3.1 Mahindra and Mahindra Share Price Target 2024
- 3.2 Mahindra and Mahindra Share Price Target 2025
- 3.3 Mahindra and Mahindra Share Price Target 2026
- 3.4 Mahindra and Mahindra Share Price Target 2027
- 3.5 Mahindra and Mahindra Share Price Target 2028
- 3.6 Mahindra and Mahindra Share Price Target 2029
- 3.7 Mahindra and Mahindra Share Price Target 2030
- 4 Financial Condition of Mahindra and Mahindra: Last 5 years
- 5 FAQS
- 5.1 What is the current share price of Mahindra and Mahindra?
- 5.2 Can Mahindra and Mahindra’s share price reach 5000 INR by 2025?
- 5.3 What is the share price target of Mahindra and Mahindra for 2030?
- 5.4 What factors can impact the share price of Mahindra and Mahindra?
- 5.5 Is Mahindra and Mahindra a good stock to buy?
- 6 Conclusion
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