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Mahindra Holidays & Resorts India Ltd - Stock Valuation and Financial Performance

BSE: 533088 | NSE: MHRIL | Hotel, Resort & Restaurants | Small Cap

Mahindra Holi.&Resor Share Price

357.35 4.65 1.32%
as on 11-Jul'25 16:59

Mahindra Holidays & Resorts India Ltd - Stock Valuation and Financial Performance

BSE: 533088 | NSE: MHRIL | Hotel, Resort & Restaurants | Small Cap

DeciZen - make an informed investing decision on Mahindra Holi.&Resor

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Mahindra Holidays & Resorts India stock performance -

mw4me loader
P/E Ratio (SA):
36.01
Market Cap:
7,219.1 Cr.
52-wk low:
241
52-wk high:
495

Is Mahindra Holidays & Resorts India Ltd an attractive stock to invest in?

1. Is Mahindra Holidays & Resorts India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahindra Holidays & Resorts India Ltd is a good quality company.

2. Is Mahindra Holidays & Resorts India Ltd undervalued or overvalued?

The key valuation ratios of Mahindra Holidays & Resorts India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mahindra Holidays & Resorts India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mahindra Holidays & Resorts India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mahindra Holi.&Resor:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mahindra Holidays & Resorts India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.5%33.5%30.5%65%0%0%0%0%0%170.3%-
Value Creation
Index
-0.11.41.23.6NANANANANA11.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9521,0731,0649189778229611,1961,3141,4001,400
Sales YoY Gr.-12.8%-0.8%-13.7%6.4%-15.8%16.8%24.5%9.9%6.6%-
Adj EPS 5.76.76.73.3-5.46.47.76.999.89.9
YoY Gr.-16.2%0.3%-51.1%-264.8%NA21.4%-10.1%29.7%9%-
BVPS (₹) 29.833.637.8-22.8-28.9-22.6-14.7-6.13.213.213.2
Adj Net
Profit
11413213365.3-107127154139181198200
Cash Flow from Ops. 116266332301331267356413519445-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.4%7.5%13.4%6.6%
Adj EPS 6.1%NA8.3%9%
BVPS-8.6%NANA312.2%
Share Price 11.1% 25.5% 16.6% -19.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
17.220.918.512.3-45.449.634.321.321.417.775
Op. Profit
Mgn %
24.9242312.419.325.525.423.42325.324.8
Net Profit
Mgn %
11.912.312.57.1-1115.416.111.713.814.114.3
Debt to
Equity
00000000000
Working Cap
Days
6195465839301,1081,3051,076897878856300
Cash Conv.
Cycle
222192221288303315197159157166146

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 75.00%

Sales growth is growing at healthy rate in last 3 years 13.38%

Net Profit has been subdued in last 3 years 8.31%

Sales growth is not so good in last 4 quarters at 6.58%

Latest Financials - Mahindra Holidays & Resorts India Ltd.

Standalone Consolidated
TTM EPS (₹) 9.9 6.3
TTM Sales (₹ Cr.) 1,400 2,781
BVPS (₹.) 13.2 -14.9
Reserves (₹ Cr.) 65 -502
P/BV 27.02 -24.05
PE 36.01 56.58
From the Market
52 Week Low / High (₹) 241.00 / 494.95
All Time Low / High (₹) 81.33 / 504.35
Market Cap (₹ Cr.) 7,219
Equity (₹ Cr.) 202
Face Value (₹) 10
Industry PE 60.3

Management X-Ray of Mahindra Holi.&Resor:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Mahindra Holi.&Resor

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9521,0731,0649189778229611,1961,3141,400
Operating Expenses 7158188208077906147219171,0121,046
Manufacturing Costs1061071031111107192136149162
Material Costs33343533351931474953
Employee Cost 195225243248273243249302352399
Other Costs 382451439414373282349432463433
Operating Profit 237255244111187208240279302354
Operating Profit Margin (%) 24.9%23.8%22.9%12.1%19.1%25.3%24.9%23.3%23.0%25.3%
Other Income 121730456087110109120145
Interest 1011125212126354051
Depreciation 71615551102104120139159178
Exceptional Items 0000000000
Profit Before Tax 168201207100124169204214223270
Tax 547073362324452554369
Profit After Tax 11413113464-108126151159181200
PAT Margin (%) 11.9%12.2%12.6%7.0%-11.1%15.3%15.7%13.3%13.7%14.3%
Adjusted EPS (₹)5.76.66.83.2-5.46.37.67.99.09.9
Dividend Payout Ratio (%)39%34%40%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 5916667532841613195467239241,266
Share Capital 8888133133133133200201202202
Reserves 503578621151281863465227221,064
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables126121127164178195218215230222
Others Liabilities 1,9512,1792,3944,9525,6085,1755,3375,6616,2106,565
Total Liabilities 2,6682,9663,2745,4005,9475,6886,1016,5997,3638,053

Fixed Assets

Gross Block1,2481,2781,2952,2672,5792,8433,2103,4793,6984,141
Accumulated Depreciation3303834374675666687658851,0051,166
Net Fixed Assets9188958581,7992,0132,1762,4452,5942,6922,976
CWIP 264890196216110115137209378
Investments 1381815444114921623816501,0441,122
Inventories6666556667
Trade Receivables8339019701,0591,1889159079409961,053
Cash Equivalents 261682527206343383114201230
Others Assets7207687811,9021,8271,9791,8652,1592,2152,288
Total Assets 2,6682,9663,2745,4005,9475,6886,1016,5997,3638,053

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 116266332301331267356413519445
PBT 168201207100124169204214223270
Adjustment 67743113633646688386
Changes in Working Capital -6859169259207664912916286
Tax Paid -51-68-76-72-62-4582514
Cash Flow From Investing Activity -8-83-415-236-278-226-261-379-407-333
Capex -94-73-78-147-110-100-127-156-187-264
Net Investments 0-42-350-78-182-161-16320-190-113
Others 853213-10153528-243-3144
Cash Flow From Financing Activity -49-53-48-62-65-36-58-73-101-129
Net Proceeds from Shares 00620071372
Net Proceeds from Borrowing 0000000000
Interest Paid 0000-16-13-21-29-34-44
Dividend Paid 000-64000000
Others -49-53-530-49-23-43-57-74-88
Net Cash Flow 58129-1312-12537-4010-17
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.1920.818.9342.600000121
ROCE (%)12.5333.5330.565.0200000170.29
Asset Turnover Ratio0.350.380.340.210.170.140.160.190.190.18
PAT to CFO Conversion(x)1.022.032.484.7N/A2.122.362.62.872.23
Working Capital Days
Receivable Days327295321403420467346282269267
Inventory Days2222222222
Payable Days1,3341,3221,3051,6081,7673,6582,4151,6661,6661,562

Mahindra Holidays & Resorts India Ltd Stock News

Mahindra Holidays & Resorts India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mahindra Holi.&Resor on 11-Jul-2025 16:59 is ₹357.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jul-2025 16:59 the market cap of Mahindra Holi.&Resor stood at ₹7,219.1.
The latest P/E ratio of Mahindra Holi.&Resor as of 11-Jul-2025 16:59 is 36.01.
The latest P/B ratio of Mahindra Holi.&Resor as of 11-Jul-2025 16:59 is 27.02.
The 52-week high of Mahindra Holi.&Resor is ₹494.9 and the 52-week low is ₹241.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahindra Holi.&Resor is ₹1,400 ( Cr.) .

About Mahindra Holidays & Resorts India Ltd

Mahindra Holidays & Resorts India Ltd (MHRIL), a part of leisure and hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction. Started in 1996, the company's flagship brand ‘Club Mahindra’, today has many members, who can holiday at various resorts in India and abroad.

Mahindra Holidays & Resorts India Limited is part of Mahindra Group. The Mahindra Group enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume. It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development.

Products and services offered by the company

  • Resorts in India
  • Resorts in International

Business area of the company

Mahindra Holidays & Resorts India, a part of Leisure and Hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction.
Awards

2016

  • Tripadvisor Travellers’ Choice Award for Club Mahindra Madikeri, Coorg and Club Mahindra Munnar awarded the ‘Best Hotels for Families in India.’
  • Best Hotel for Families, Asia for Club Mahindra Madikeri, Coorg awarded ‘The Best Hotel for Families, Asia.’

2017

  • India’s Favourite Resort Chain for Mahindra Holidays voted India’s Favourite Resort Chain at the HolidayIQ Awards.
  • CSR Leadership Award for Mahindra Holidays won the ET NOW Rise with India- CSR Leadership Award for ‘Regulation of Corporate and Environmental Behaviour 2017-2018.’
  • Significant achievement in HR Excellence for Mahindra Holidays recognized by the 8th CII National HR Excellence Award 2017 for ‘Significant Achievement in HR Excellence’ with additional ‘Special Recognition for Learning & Development.’
  • Best 50 Companies for Mahindra Holidays is among the ‘Best 50 Companies’ according to the People Capital Index 2017, a reflection of its employee satisfaction efforts.
  • Golden Peacock Award for Mahindra Holidays bestowed with the prestigious ‘Golden Peacock Award for Sustainability, 2017.’

2018

  • Great Place To Work- Certified for Mahindra Holidays is amongst the ‘India’s 100 Best Places to Work for 2018.’

2019

  • Most Popular Resort Chain for Club Mahindra recognized as the 'Most Popular Resort Chain' by the prestigious Times Travel Awards.
  • Great Place to Work Top 100 for Mahindra Holidays & Resorts is ranked among India's Best 100 Companies to Work For 2020

2020

  • Tripadvisor Travellers' Choice for 29 Club Mahindra resorts 2020.
  • Top 25 Hotels for Families for Club Mahindra Kanatal at Tripadvisor Travellers' Choice Awards 2020.
  • Top 25 Hotels for Families for Club Mahindra Varca at Tripadvisor Travellers' Choice Awards 2020.
  • Top 25 Hotels for Families for Club Mahindra Emerald Palms at Tripadvisor Travellers' Choice Awards 2020.
  • Top 25 Hotels for Families for Club Mahindra Mashobra at Tripadvisor Travellers' Choice Awards 2020.

Milestones

  • 1996: Incorporation of Mahindra Holidays & Resorts India Limited
  • 1997: Launched the first individual product “Club Mahindra Holidays Unlimited”
  • 1997: Acquired land at Varca Village, Goa
  • 1998: First resort opened at Munnar
  • 1998: MMJ Resorts and Holidays Private Limited was amalgamated into the Company with effect from April 1, 1998 pursuant to Madras High Court order dated April 23, 1999
    1999: Second resort opened at Goa
  • 2000: Acquired land in Binsar
  • 2001: Opened resort at Manali
  • 2001: Corbett resort opened
  • 2001: Mahindra Sega Entertainment Corporation Ltd was amalgamated into the Company with effect from April 1, 2001 pursuant to Madras High Court order dated April 30, 2002
  • 2002: Acquired land in Coorg
  • 2003: First Club Mahindra Holiday World opened in Chennai
  • 2004: Number of vacation ownership members was 20,536
  • 2005: Entered into long-term lease for an international resort in Pattaya, Thailand
  • 2005: Acquired land in Lonavala
  • 2005: Acquired land in Puducherry (formerly Pondicherry)
  • 2005: Club Mahindra Kodagu Valley resort was opened in Coorg, Karnataka
  • 2005: Number of vacation ownership members was 28,491
  • 2006: Launched “Zest”, a product to cater to short break holiday needs
  • 2006: Acquired a resort in Manali
  • 2006: Launched “Club Mahindra Fundays”
  • 2006: Invested in Ashtamudi Resorts Private Limited
  • 2006: Number of vacation ownership members was 38,691
  • 2007: Entered into long-term lease for a resort at Auli
  • 2007: Opening of Club Mahindra Backwater Retreat at Ashtamudi
  • 2007: Number of vacation ownership members was 53,101
  • 2007: Launched clubmahindra.travel, the travel related services
  • 2008: Club Mahindra Dancing Waters, Naukuchiyatal taken on lease
  • 2008: Acquisition of Club Mahindra Tusker Trails, Thekkady
  • 2008: MHRIL and the Kerala Government entered into a strategic alliance for a period of 5 years to develop, promote and market homestays overseas and in India
  • 2008: Mahindra Homestays Launched
  • 2008: Zest @ Casa Deep Woods, Masinagudi taken on lease
  • 2008: Club Mahindra.travel received International Air Transport Association accreditation
  • 2008: Launched Zest @ Big Beach, Puduchery, first signature resort for Zest
  • 2009: Club Mahindra.travel was approved as an “ACTIVE” Member of Travel Agents Association of India for the year 2009-10
  • 2009: Club Mahindra Whispering Pines, Mashobra taken on lease
  • 2009: Number of vacation ownership members was 92,825
  • 2011: Launches Club Mahindra Emerald Palms.
  • 2012: Club Mahindra acquires Royal Courts Jaisalmer, Launches Club Mahindra, Jaisalmer.Mahindra Holidays & Resorts India buys M/s. Gables Promoters.Mahindra Holidays acquires new resort near Shimla.Mahindra Holidays acquires 49% in IHGCL; adds new resort in Bangkok.
  • 2013: Mahindra Holidays unveils New Brand Identity for its flagship Brand Club Mahindra.
  • 2014: Mahindra Holidays acquires new 60 room resort in Manali
  • 2014: Mahindra Holidays buy CHPLs resort in Manali
  • 2015: Mahindra Holidays launches its first resort in Kanha, MP
  • 2015: Visionsbolaget becomes subsidiary of Mahindra Holidays
  • 2017: CII and Mahindra Holidays Tie up with Schools for “Phenk Mat Mumbai” Campaign to create awareness on anti-littering.
  • 2017: CII and Mahindra Holidays Tie up with Schools for “Phenk Mat Mumbai” Campaign to create awareness on anti-littering
  • 2018: Club Mahindra Launches ‘Bliss’ for Senior Citizens.
  • 2020: Mahindra Holidays’ arm acquires balance 49% stake in Holiday Club Sport and Spa Hotels AB
  • 2020: Mahindra Holidays acquires strategic minority stake in Great Rocksport
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