Mahindra& Mahindra (M&M), a leading passenger car maker of India, is turning ex-dividend for a Rs 10 dividend per share on July 4. M&M is among the top dividend yield stock in the automobile sector, with 1.46%. The stock price has surged significantly by nearly 35% from its 1-year low. At present, M&M is near its 52-week high!
Mahindra & Mahindra Ltd Share Price:
Ahead of the ex-dividend date, M&M stock price closed at Rs 3174.75 apiece on BSE, higher by 0.32% on BSE, with a market cap of Rs 3,94,789.32 crore. The stock is a little over Rs 100 away from hitting its 52-week high of Rs 3,276.30 apiece. While M&M has given 34.5% returns from its 52-week low of Rs 2,360.45.
M&M's price-to-equity ratio is at 33.30x, while return on equity is at 21.12%.
Mahindra & Mahindra Ltd Dividend:
The auto player has suggested a Dividend of Rs. 25.3 (506%) per Ordinary (Equity) Share of the face value of Rs. 5 each. The Record Date for Dividend shall be Friday, 4th July, 2025. While the dividend will paid after July 31st.
Since June 2003, M&M has delivered 25 dividends, as per Trendlyne data. The company paid about Rs 46.40 per share dividend in past 12 months. Its current dividend yield is at 1.46%.
Mahindra & Mahindra Ltd Sales:
M&M's overall auto sales for the month of June 2025 stood at 78,969 vehicles, a growth of 14%, including exports. In the Utility Vehicles segment, Mahindra sold 47,306 vehicles in the domestic market, a growth of 18% and overall, 48,329 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 20,575.
On July 1st, Nalinikanth Gollagunta, CEO, Automotive Division, M&M Ltd said, "In June, we achieved SUV sales of 47,306 units, a growth of 18%, and total vehicle sales of 78,969 units, a 14% growth compared to the same month last year. The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs."
According to Elara Capital, M&M continued to outperform peers, with domestic PV volume up ~18% YoY at 47k units as against 12-15% YoY decline at peers; however, absolute volume at M&M was lower on sequential basis (range bound in recent months, despite benefit of new launches), like most competition.
Additionally, the brokerage said, M&M's domestic tractor dispatches were up ~13% YoY vs flat dispatches at Escorts. Per management commentary, industry performance was helped by healthy farm liquidity and timely arrival of monsoons; also, sentiment remains conducive to continued growth on the back of prediction of an above-normal monsoon season and anticipated record Kharif harvest.
BUY/SELL M&M Stock?
The consensus recommendation from 36 analysts for Mahindra & Mahindra Ltd. is STRONG BUY, as per Trendlyne. Of which, 25 analysts have recommended STRONG BUY and 10 analysts have suggested BUY. The average target price is at Rs 3568.83 apiece, signalling over 12.4% potential upside ahead.
About Mahindra & Mahindra Ltd:
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
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