Mahindra & Mahindra Limited

Research Mahindra & Mahindra Limited (MHID) on Bullrun: market cap USD 17.41B, P/E 9.1. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerMHID
ExchangeLSE
CountryIndia
SectorConsumer Cyclical
IndustryAuto Manufacturers
CurrencyUSD
Market capUSD 17.41B
P/E9.1
Financial periodFY2026
RevenueINR 1.93T
Revenue growth24.1%
Net incomeINR 170.99B
Free cash flowINR 20.52B
Gross margin35.9%

Valuation Snapshot

latest market cap is USD 17.41B; P/E is 9.1.

Peer valuation comparison

Latest P/E is 9.06x versus a Consumer Cyclical sector median of 16.06x (43.6% below).

Latest P/E is 9.06x versus a India median of 33.89x (73.3% below).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2026	INR 1.93T	INR 170.99B	INR 20.52B	35.9%	152.18	INR 42.92B	INR 1.34T	INR 930.96B
FY2025	INR 1.56T	INR 129.29B	-INR 72.16B	38.1%	115.06	INR 49.24B	INR 1.25T	INR 770.39B
FY2024	INR 1.36T	INR 112.69B	-INR 155.76B	38.0%	100.7	INR 45.30B	INR 1.07T	INR 661.91B
FY2023	INR 1.19T	INR 102.82B	-INR 133.79B	37.3%	91.96	INR 34.93B	INR 922.47B	INR 563.66B

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-05-07	USD 17.41B	9.1	n/a	n/a

ETFs that hold Mahindra & Mahindra Limited

US-listed ETFs

Mahindra & Mahindra Limited is held by 11 US-listed ETFs, going by the latest portfolios they filed with the SEC. The 8 most traded of them:

ETF	Weight	Fee
State Street SPDR Portfolio Emerging Markets ETF (SPEM)	0.24%	0.07%
State Street SPDR MSCI ACWI ex-US ETF (CWI)	0.08%	0.30%
State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM)	0.05%	0.09%
AB Emerging Markets Opportunities ETF (EMOP)	0.73%	0.70%
Inspire International ETF (WWJD)	0.47%	0.61%
Inspire Global Hope ETF (BLES)	0.23%	0.60%
abrdn Emerging Markets Dividend Active ETF (AGEM)	0.54%	0.70%
T. Rowe Price International Equity Research ETF (TIER)	0.23%	0.38%

Portfolios as filed with the SEC on Form N-PORT, dated May to July 2026. Brokers in the EU generally do not offer US-listed ETFs to retail investors.

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