Reports On Company: M&M
| M&M is a “Lethal Combination of Growth and Value Creation” & a “compelling buy”: IDBI Capital | |
| Company: | M&M, Mahindra & Mahindra |
| Brokerage: | IDBI Capital |
| Date of report: | May 30, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 57% |
| Summary: | Compelling Valuations: BUY with 57% upside: Based on Standalone earnings, the stock is quoting at PER of 14.8xFY24 earnings despite 25% earnings CAGR and ~17% ROE profile. However, based on its core business (Auto and Farm), net of subsidiary valuations of Rs 574/share, the stock is quoting at PER of 7.1xFY24 earnings. We find current valuations extremely attractive and retain BUY rating and target price of Rs 1,565 implying 57% upside. |
| Full Report: | Click here to view full post with link to download pdf file |
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