Update shared on 25 Nov 2025
Fair value Increased 3.46%Analysts have raised their price target for Mahindra & Mahindra from ₹3,994 to ₹4,132. The revision is attributed to slightly improved expectations for revenue growth and valuation multiples.
What's in the News
- Mahindra & Mahindra and Manulife Financial Corporation have agreed to establish a 50:50 life insurance joint venture to enhance their footprint in India's insurance sector, targeting both rural and urban markets. Each partner is expected to invest up to USD 400 million, with initial investments of USD 140 million in the first five years. (Key Developments)
- The Mahindra & Mahindra Board has scheduled a meeting on November 12, 2025, to formalize the joint venture agreement with The Manufacturers Life Insurance Company, pending regulatory approvals and other terms. (Key Developments)
- Embraer Defense & Security and Mahindra Group have signed a Strategic Cooperation Agreement to collaborate on the C-390 Millennium program for the Indian Air Force. The partnership aims to position India as a manufacturing and support hub for the aircraft. (Key Developments)
- A Special/Extraordinary Shareholders Meeting on November 26, 2025, will consider the appointments of Ms. Samina Hamied and Mr. Muthu Raju Paravasa Raju Vijay Kumar as independent directors of the company. (Key Developments)
- Recent Board Meetings have addressed key appointments, including the addition of Samina Hamied and Lead Independent Director Shikha Sharma. The Board has also approved the unaudited financial results for the second quarter of 2025. (Key Developments)
Valuation Changes
- Consensus analyst price target has risen slightly, from ₹3,994 to ₹4,132.
- Discount rate has decreased marginally, moving from 19.65% to 19.60%.
- Revenue growth is now expected to be a bit higher, increasing from 2.59% to 2.65%.
- Net profit margin is projected to be almost unchanged, shifting from 10.16% to 10.12%.
- Future P/E (price-to-earnings) ratio has increased slightly, from 39.28x to 40.63x.
Disclaimer
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