Sharekhan's research report on Mahindra and Mahindra
We believe these decisions are in line M&M’s commitment to achieve an 18% RoE by exiting loss-making subsidiaries and focusing on core businesses. We expect M&M to benefit from its leadership status in tractor space, strengthened position in LCV segment and steady market share gains in UV segment. Stock is attractively valued with a P/E multiple of 17.2x and EV/EBITDA multiple of 9x its FY2023E estimates; it trades at a discount to long-term average multiples.
Outlook
We maintain a Buy rating on M&M with unchanged price target of Rs. 872 considering key business decisions announced on January 1.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!