Mahindra and Mahindra Limited belongs to Nifty 50 group of companies. Among the small and medium sized vehicle manufacturers M&M has a significant market share in India. For this reason fluctuations M&M OR Mahindra and Mahindra share price affects the benchmark index.
Live Stock Quote: M&M 1,403.90 -9.60 -0.68%
M&M OR Mahindra And Mahindra Share Price Graph
Before Independence of India, in 1945, Mr. K. C. Mahindra went to USA where he meet Mr. Barney Ross, inventor of the rugged all purpose vehicle – the ‘Jeep’. The idea of such a car plying across Indian roads and rough terrains struck him In the same year, Mahindra brothers in partnership with another gentleman, Mr. Ghulam Mohammed formed a company Mahindra and Mohammed. The company was established as a franchisee to assemble Jeep from Willys in India. In 1947, in the year of Independence, Mr Ghulam Mohammed went to Pakistan and the company was named Mahindra & Mahindra. Later Mr. Ghulam Mohammed became the first finance minister of Pakistan.
Today Mahindra & Mahindra (M&M) has set up different plants. The Nashik plant and the Mumbai plant manufactures MUVs (multi utility vehicles). Engines are produced in Igatpuri plant. Utility vehicles, LCVs (light commercial vehicles) and three wheelers are manufactured in Zaheerabad plant. Three wheelers are also manufactured in Haridwar plant.
Today M&M is a big name in India giving direct employment to over 50000 employees. Mahindra is the third largest company in the world to manufacture tractors. Mahindra has joined hand with Navistar to produce trucks and diesel engines. M&M’s equipment manufacturing business earns a lot of revenue spanning across six continents. M&M also has big business interest in the following field.
- Finance and leasing
- Manufacturing of automotive components and spares including forged components like gears etc.
- Manufacture and trade of cold rolled steel
- Retail business
- Insurance broking
- Agri business
- Speciality business like manufacture of defense related items.
M&M with its own subsidiaries control this vast empire. Mahindra and Mahindra Limited has received numerous national and international awards of excellence for its performance.
Company Financials – M&M OR Mahindra and Mahindra share price is Rs 1376.05 (as on 23.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 21.61 versus average industry PE of 26.93, EPS is Rs 63.69. Market cap is Rs 85,467 crores. The face value of a share is Rs 5.
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