BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
With third consecutive month of 20% plus growth in utility vehicle segment despite chip shortages, Mahindra and Mahindra continues to exhibit strong performance in UV segment.
M&M passenger vehicle business which went into decline through FY13 -19 due to six unsuccessful models is showing amazing comeback with launch of ‘New THAR' (October 2020) and XUV700 (September 20 21).
These models have become highly successful with unprecedented response from customers through one lakh outstanding bookings with 12-18 months of waiting period.
M&M stock is quoting at cheap valuations of price-to-earnings 13.5 times FY24 earnings despite 31% earnings compound annual growth rate and ~17% return on equity profile.
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