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Mahindra & Mahindra Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mahindra & Mahindra and similar public comparables like Sumitomo, Porsche, CITIC, Rockwell Automation and more.
Mahindra & Mahindra Overview
About Mahindra & Mahindra
Mahindra & Mahindra Ltd is a holding company. The company's segment includes Automotive; Farm Equipment and Services. It generates maximum revenue from the Automotive segment. The Automotive segment comprises the sale of automobiles, spares, mobility solutions, construction equipment, and related services. Geographically, it derives a majority of its revenue from India.
Founded
1945
HQ

Employees
78.8K
Website
Financials (LTM)
EV
$53B
Mahindra & Mahindra Financials
Mahindra & Mahindra reported last 12-month revenue of $16B and EBITDA of $2B.
In the same LTM period, Mahindra & Mahindra generated $4B in gross profit, $2B in EBITDA, and $2B in net income.
Revenue (LTM)
Mahindra & Mahindra P&L
In the most recent fiscal year, Mahindra & Mahindra reported revenue of $17B and EBITDA of $4B.
Mahindra & Mahindra expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $17B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 24% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $13B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mahindra & Mahindra Stock Performance
Mahindra & Mahindra has current market cap of $44B, and enterprise value of $53B.
Market Cap Evolution
Mahindra & Mahindra's stock price is $36.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $53B | $44B | 0.4% | XXX | XXX | XXX | $1.18 |
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Start Free TrialMahindra & Mahindra Valuation Multiples
Mahindra & Mahindra trades at 3.4x EV/Revenue multiple, and 23.2x EV/EBITDA.
EV / Revenue (LTM)
Mahindra & Mahindra Financial Valuation Multiples
As of March 7, 2026, Mahindra & Mahindra has market cap of $44B and EV of $53B.
Equity research analysts estimate Mahindra & Mahindra's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mahindra & Mahindra has a P/E ratio of 25.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $44B | XXX | $44B | XXX | XXX | XXX |
| EV (current) | $53B | XXX | $53B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 23.2x | XXX | 14.5x | XXX | XXX | XXX |
| EV/EBIT | 28.8x | XXX | 19.7x | XXX | XXX | XXX |
| EV/Gross Profit | 14.2x | XXX | 8.2x | XXX | XXX | XXX |
| P/E | 25.9x | XXX | 30.7x | XXX | XXX | XXX |
| EV/FCF | 52.4x | XXX | 34.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mahindra & Mahindra Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Mahindra & Mahindra Margins & Growth Rates
Mahindra & Mahindra's revenue in the last 12 month grew by 12%.
Mahindra & Mahindra's revenue per employee in the last FY averaged $0.2M.
Mahindra & Mahindra's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mahindra & Mahindra's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mahindra & Mahindra Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | (37%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mahindra & Mahindra Public Comps
See public comps and valuation multiples for other Automakers and Diversified Industrials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sumitomo | XXX | XXX | XXX | XXX | XXX | XXX |
| Porsche | XXX | XXX | XXX | XXX | XXX | XXX |
| CITIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Rockwell Automation | XXX | XXX | XXX | XXX | XXX | XXX |
| Toyota Tsusho | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mahindra & Mahindra M&A Activity
Mahindra & Mahindra acquired XXX companies to date.
Last acquisition by Mahindra & Mahindra was on XXXXXXXX, XXXXX. Mahindra & Mahindra acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mahindra & Mahindra
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMahindra & Mahindra Investment Activity
Mahindra & Mahindra invested in XXX companies to date.
Mahindra & Mahindra made its latest investment on XXXXXXXX, XXXXX. Mahindra & Mahindra invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mahindra & Mahindra
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mahindra & Mahindra
| When was Mahindra & Mahindra founded? | Mahindra & Mahindra was founded in 1945. |
| Where is Mahindra & Mahindra headquartered? | Mahindra & Mahindra is headquartered in India. |
| How many employees does Mahindra & Mahindra have? | As of today, Mahindra & Mahindra has over 78K employees. |
| Who is the CEO of Mahindra & Mahindra? | Mahindra & Mahindra's CEO is Rajesh Jejurikar. |
| Is Mahindra & Mahindra publicly listed? | Yes, Mahindra & Mahindra is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Mahindra & Mahindra? | Mahindra & Mahindra trades under M&M ticker. |
| When did Mahindra & Mahindra go public? | Mahindra & Mahindra went public in 1996. |
| Who are competitors of Mahindra & Mahindra? | Mahindra & Mahindra main competitors are Sumitomo, Porsche, CITIC, Rockwell Automation. |
| What is the current market cap of Mahindra & Mahindra? | Mahindra & Mahindra's current market cap is $44B. |
| What is the current revenue of Mahindra & Mahindra? | Mahindra & Mahindra's last 12 months revenue is $16B. |
| What is the current revenue growth of Mahindra & Mahindra? | Mahindra & Mahindra revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Mahindra & Mahindra? | Current revenue multiple of Mahindra & Mahindra is 3.4x. |
| Is Mahindra & Mahindra profitable? | Yes, Mahindra & Mahindra is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mahindra & Mahindra? | Mahindra & Mahindra's last 12 months EBITDA is $2B. |
| What is Mahindra & Mahindra's EBITDA margin? | Mahindra & Mahindra's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Mahindra & Mahindra? | Current EBITDA multiple of Mahindra & Mahindra is 23.2x. |
| What is the current FCF of Mahindra & Mahindra? | Mahindra & Mahindra's last 12 months FCF is $1B. |
| What is Mahindra & Mahindra's FCF margin? | Mahindra & Mahindra's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Mahindra & Mahindra? | Current FCF multiple of Mahindra & Mahindra is 52.4x. |
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