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Mahindra & Mahindra (M&M) investor relations material
Mahindra & Mahindra Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic imperatives and growth vision
Focus on audacity and operating excellence to deliver scale, capitalizing on market leadership in core businesses and scaling up emerging growth areas.
Ambitious targets for each business: 8X revenue growth in SUVs and LCVs, 3X in farm equipment, 5X in financial services, 12X in aerostructures, and 5X in renewables by 2030 compared to FY20.
Emphasis on organic growth, leadership in current markets, and expansion into new areas, with a projected 15-40% organic growth across businesses from FY26E to FY30E.
Strong governance, sustainability, and talent development underpin the strategy, with a focus on diversity, inclusion, and technology adoption.
Financial performance and shareholder returns
EPS grew at a 63% CAGR from FY19 to FY25, with ROE improving to 18% in FY25.
Market capitalization increased 7X from Mar'20 to Mar'24, driven by strategic growth initiatives.
Shareholder returns outperformed the Nifty 50, with a 14X increase in indexed share price from Apr'20 to Nov'25.
Strong cash generation post capex and investments, with significant contributions from auto, farm, and services segments.
Business segment highlights and future plans
Automotive: Aims to be the world's fastest-growing SUV brand and #1 in LCVs, targeting 8X revenue growth by FY30, with global expansion and new product launches.
Farm equipment: Largest global tractor manufacturer, targeting 3X revenue growth, expanding internationally, and scaling farm machinery and technology solutions.
Tech Mahindra: Turnaround to be completed by FY27, with a goal of profitable, sustainable growth above peer average and ~1.3X revenue growth from FY20 to FY27.
Financial services: Targeting 5X AUM growth, maintaining leadership in tractor financing, diversifying into mortgages and SME, and enhancing operational excellence with AI.
Lifespaces: Plans to achieve >14X sales growth by FY30, focusing on strong business development, superior design, and robust financial discipline.
Holidays: Aspires to be India's #1 leisure hospitality player, aiming for 3X keys, 3X revenue, and 4X PAT growth in this decade.
Last Mile Mobility: Targeting 6X revenue growth, 50% electrification by FY30, and a million EVs on the road by 2031.
Renewable energy: Aims for 5X portfolio growth, leveraging high-quality solar/hybrid assets and capital-light models.
Truck & Bus: Seeks top 3 position in ILCV, 6X revenue growth, and expanded market share across segments.
Aerostructures: Targeting top 10 global supplier status, 12X revenue growth, and deeper OEM engagement.
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