About Mahindra & Mahindra Limited (M&M)
Mahindra & Mahindra Limited is a Auto Manufacturers company operating in the Consumer Cyclical sector. The company is headquartered in Mumbai, India. M&M has been publicly traded since 1996, giving it 30+ years of trading history.
Mahindra & Mahindra Limited (M&M) has been publicly traded since 1996, making it a 30-year-old public company. It operates in the Auto Manufacturers industry within the Consumer Cyclical sector. The company is headquartered in Mumbai, India and employs approximately 324,000 people. With a market capitalization of $3.5 trillion, M&M is one of the largest publicly traded companies.
M&M trades on the Indian stock exchanges (NSE/BSE) and is classified as a mega-cap-cap stock with a market capitalization of approximately $3.5 trillion. The company employs approximately 324,000 people worldwide.
Key Statistics
- Current Price
- ₹2,931.10
- Market Cap
- ₹3.52T
- 52-Week High
- ₹3,839.90
- 52-Week Low
- ₹2,425.00
- Sector
- Consumer Cyclical
- Industry
- Auto Manufacturers
M&M Investment Performance
M&M has declined 21.0% year-to-date in 2026. Over the past 5 years, a $1,000 investment in M&M would have grown to $3,433, representing a 243.3% total return. Since its IPO in 1996, a $1,000 investment would now be worth $118,329.
₹1,000 Invested in Mahindra & Mahindra Limited (M&M)
How much would ₹1,000 invested in M&M be worth today?
What would ₹1,000 invested in M&M 1 year ago be worth today?
A ₹1,000 investment in Mahindra & Mahindra Limited (M&M) in 2025 would be worth ₹1,083 as of May 2026, representing a +8.3% total return.
What would ₹1,000 invested in M&M 3 years ago be worth today?
A ₹1,000 investment in Mahindra & Mahindra Limited (M&M) in 2023 would be worth ₹2,234 as of May 2026, representing a +123.4% total return.
What would ₹1,000 invested in M&M 5 years ago be worth today?
A ₹1,000 investment in Mahindra & Mahindra Limited (M&M) in 2021 would be worth ₹3,433 as of May 2026, representing a +243.3% total return.
What would ₹1,000 invested in M&M 10 years ago be worth today?
A ₹1,000 investment in Mahindra & Mahindra Limited (M&M) in 2016 would be worth ₹5,074 as of May 2026, representing a +407.4% total return.
What would ₹1,000 invested in M&M at IPO be worth today?
A ₹1,000 investment in Mahindra & Mahindra Limited (M&M) at IPO would be worth ₹118,329 as of May 2026, representing a +11732.9% total return.
Monthly Returns Heatmap
Over the past 30+ years (362 months), Mahindra & Mahindra Limited (M&M) has averaged a monthly return of +2.11% with a median return of +1.58%. The stock had 210 positive months (58%) and 152 negative months (42%). The best month in M&M's history was July 1999 with a +51.0% return, while the worst was March 2020 at -37.6%. Historically, April tends to be the strongest month (averaging +5.7%), and March the weakest (-3.6%).
M&M's longest winning streak was 12 consecutive months of gains, while its longest losing streak was 7 consecutive months of losses. The best full year was 2009 with a cumulative return of +153.7%, and the worst was 2008 at -96.4%.
Annual Returns
Over 30 years of trading history, Mahindra & Mahindra Limited (M&M) has delivered an average annual return of +36.06% with a median return of +26.18%. The compound annual growth rate (CAGR) is +17.31%. The stock posted gains in 21 years (70%) and losses in 9 years (30%).
M&M's best year was 2009 with a +299.17% gain, while the worst was 2008 at -67.36%. The longest streak of consecutive positive years was 6, and the longest losing streak was 2 years. M&M achieved double-digit gains (10%+) in 17 years. It suffered double-digit losses in 7 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | -20.98% | ₹3,709.20 | ₹2,931.10 |
| 2025 | +24.34% | ₹2,983.13 | ₹3,709.20 |
| 2024 | +75.15% | ₹1,703.15 | ₹2,983.13 |
| 2023 | +39.89% | ₹1,217.48 | ₹1,703.15 |
| 2022 | +50.75% | ₹807.63 | ₹1,217.48 |
| 2021 | +17.48% | ₹687.45 | ₹807.63 |
| 2020 | +36.15% | ₹504.93 | ₹687.45 |
| 2019 | -32.95% | ₹753.09 | ₹504.93 |
| 2018 | +7.89% | ₹698.00 | ₹753.09 |
| 2017 | +28.01% | ₹545.28 | ₹698.00 |
| 2016 | -6.12% | ₹580.81 | ₹545.28 |
| 2015 | +4.04% | ₹558.26 | ₹580.81 |
| 2014 | +32.26% | ₹422.11 | ₹558.26 |
| 2013 | +2.84% | ₹410.43 | ₹422.11 |
| 2012 | +39.02% | ₹295.23 | ₹410.43 |
| 2011 | -10.96% | ₹331.57 | ₹295.23 |
| 2010 | +46.23% | ₹226.74 | ₹331.57 |
| 2009 | +299.17% | ₹56.80 | ₹226.74 |
| 2008 | -67.36% | ₹174.03 | ₹56.80 |
| 2007 | -3.68% | ₹180.69 | ₹174.03 |
| 2006 | +80.67% | ₹100.01 | ₹180.69 |
| 2005 | +92.00% | ₹52.09 | ₹100.01 |
| 2004 | +43.25% | ₹36.36 | ₹52.09 |
| 2003 | +258.42% | ₹10.15 | ₹36.36 |
| 2002 | +32.20% | ₹7.67 | ₹10.15 |
| 2001 | -37.25% | ₹12.23 | ₹7.67 |
| 2000 | -63.99% | ₹33.96 | ₹12.23 |
| 1999 | +159.94% | ₹13.07 | ₹33.96 |
| 1998 | -48.36% | ₹25.30 | ₹13.07 |
| 1997 | +3.76% | ₹24.38 | ₹25.30 |
M&M Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating Mahindra & Mahindra Limited as an investment
Valuation
M&M currently trades at a trailing P/E ratio of 21.0, which is considered moderate relative to the broader market. The forward P/E of 20.1 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 4.0. The price-to-sales ratio is 1.9.
Dividends
Mahindra & Mahindra Limited pays a dividend to shareholders with a current yield of 0.86%. This translates to $25.30 per share annually. The payout ratio of 18% indicates sustainable dividend coverage.
Risk & Volatility
M&M has a beta of 0.29, indicating it is less volatile than the overall market. The stock's 52-week range is $2425.00 to $3839.90, and it currently trades in the lower half of its 52-week range.
Analyst Ratings
Based on 34 analyst opinions, M&M has a consensus "strong_buy" rating. The average price target of $4333.82 suggests 47.9% upside from current levels.
Frequently Asked Questions: M&M
What sector is M&M in? ▼
M&M operates in the Consumer Cyclical sector, specifically in the Auto Manufacturers industry. This sector includes retail, automotive, entertainment, and other consumer discretionary businesses.
How has M&M performed historically? ▼
Over 30 years of trading history, M&M has posted gains in 21 years (70% of the time). The best year was 2009 with a +299.2% return. Past performance does not guarantee future results.
How can I invest in M&M? ▼
You can invest in M&M through any brokerage account that offers access to Indian exchanges. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold M&M.
Does M&M pay dividends? ▼
Mahindra & Mahindra Limited pays a dividend to shareholders with a current yield of 0.86%. This translates to $25.30 per share annually. The payout ratio of 18% indicates sustainable dividend coverage.
What does Mahindra & Mahindra Limited do? ▼
Mahindra & Mahindra Limited is a Auto Manufacturers company operating in the Consumer Cyclical sector. The company is headquartered in Mumbai, India.
What sector is M&M in? ▼
M&M operates in the Consumer Cyclical sector, specifically in the Auto Manufacturers industry.
When did M&M go public? ▼
Mahindra & Mahindra Limited went public in 1996, making it a 30-year-old public company as of 2026.
How much would $1,000 invested in M&M 5 years ago be worth today? ▼
A $1,000 investment in M&M five years ago would be worth approximately $3,433 today, representing a 243.3% return.
Does M&M pay dividends? ▼
Yes, Mahindra & Mahindra Limited pays a dividend with a current yield of 0.86%, which is $25.3 per share annually.
What is M&M's market cap? ▼
Mahindra & Mahindra Limited has a market capitalization of $3.5 trillion, classifying it as a mega-cap company.
What is M&M's P/E ratio? ▼
M&M has a trailing P/E ratio of 21.0 and a forward P/E of 20.1, which measures how much investors are paying per dollar of earnings.
Is M&M a buy, hold, or sell? ▼
Based on 34 opinions, M&M has a consensus "strong_buy" rating. The average price target is $4333.82.
Last updated: 3/14/2026