The large-cap scrip had outperformed the market over the past one month till 27 May 2008, rising 1.46% compared to the Sensex`s decline of 4.35%. It had also outperformed the market in the past one quarter, sliding 2.14% compared to Sensex`s decline of 8.70%.
The company`s current equity is Rs 245.74 crore. Face value per share is Rs 10.
The current price of Rs 641 discounts its Q3 December 2007 annualised EPS of Rs 67.79, by a PE multiple of 9.45.
The fall in quarterly net profit was due to rise in price of raw materials such as steel. Mahindra & Mahindra (M&M)`s total income rose 15.18% to Rs 3175.45 crore in Q4 March 2008 over Q4 March 2007.
Mahindra & Mahindra posted 1.45% rise in net profit to Rs 1103.37 crore on 14.19% increase in total income to Rs 11671.64 crore in the year ended March 2008 over the year ended March 2007. On consolidated basis, the group`s net profit after minority interest rose 4.94% to Rs 1571.12 crore on 36.80% increase in total income to Rs 24445.29 crore in the year ended March 2008 over year ended March 2007.
On 9 May 2008, Mahindra & Mahindra hiked vehicle prices in the range of 1.5% to 2.5% due to rise in input costs. The price hike came into effect from 19 May 2008.
The company is engaged in manufacturing and distributing automobiles and farm equipment.