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Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Limited

NSE: MHRIL
Resorts & CasinosConsumer CyclicalSMALL CAPMCap ₹4.05k Cr
₹200.97₹1.49 (+0.75%)

Market Closed • NSE

Market cap₹4.05k Cr
Enterprise value₹7.09k Cr
P/E TTM76.41
Forward P/E18.78
P/B5.21
EPS TTM₹2.63
Forward EPS₹10.70
ROCE8.12%
D/E4.89
Dividend yield0.00%
Face value₹10.00
52W high₹345.95
52W low₹184.91
Price chart(1Y)
1Y Return:-14.65% (₹34.50)
H: ₹248L: ₹184.91
1W+4.33%
1M+2.97%
3M-11.84%
6M-24.59%
1Y-39.38%
Today at a glance

Day range

₹197.03₹202.03

52 week range

₹184.91₹345.95
Volume46.1K0.46x 20D avg
Free float50.00%-54.00% volume

Mahindra Holidays & Resorts India Limited closed at INR200.97 (+0.75%) on volume 0.46x its 20-day average, trading 41.91% below its 52-week high.

Technical analysis
RSI (14)53.5Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹5.89Moderate
SMA 20₹196.35BULLISH
SMA 50₹205.98BEARISH
SMA 100₹217.00BEARISH
SMA 200₹242.85BEARISH
CPR bottom₹199.09
Pivot₹199.22
CPR top₹199.35
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -120.6% QoQ

2021-09-08

BONUS Announced

Bonus 1:2

2019-07-23

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL2/4 criteria
Non-Compliant (Business Activity)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹3.83k Cr₹4.05k Cr94.48%≤ 33%FAIL
Non-halal income ratio₹157.1 Cr₹2.85k Cr5.51%≤ 5%FAIL
Illiquid assets ratio₹11.35k Cr₹11.38k Cr99.68%≥ 20%PASS
Receivables ratio–₹11.38k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E76.4126.80
Forward P/E18.78—
P/B5.212.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield1.303.70
Growth & profitability
RevenuePAT
FY24PAT margin 4.30%
FY25PAT margin 4.50%
FY26PAT margin 2.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.80%
Revenue CAGR 5Y+2.10%
PAT CAGR 3Y-18.00%
PAT CAGR 5Y-9.70%
Operating margin0.46%
Net margin1.75%
Financial health & cash flow
Net debt₹3.79k CrModerate
Interest coverage1.10xEBIT / interest
CFO / PAT6.37x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹530.8 Cr
Capital expenditure–
Free cash flow₹110.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall40/100
Valuation35/100
Profitability65/100
Financial health20/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 6.37x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 4.89x

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 76.4x

Bull case

Market Leadership: Established operational scale in Resorts & Casinos.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
16.31%Institutional holding
16.76%Public holding
5Periods available
0.00%Promoter pledged
93.82KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
09 Sept 2021Bonus issue1:2 bonus ratio—08 Sept 2021
—Annual General MeetingAnnual General Meeting—23 Jul 2019
—Dividend₹4.00 / share—25 Jul 2018
11 Jul 2017Bonus issue1:2 bonus ratio—10 Jul 2017
—Dividend₹5.00 / share—05 Jun 2017
—Dividend₹5.00 / share—21 Jul 2016
—Dividend₹4.00 / share—16 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)53.20%+1.29% latest vs average
Highest delivery70.16%on 24 Sept
Average volume (20D)100.2KTrading-session average
Conviction trendStrengthening+1.29% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company's flagship brand ‘Club Mahindra’ has over 250,000 members. [1]The Company is the largest Vacation Ownership company outside the US and is 6th largest globally[2]

IndiaConsumer Cyclical

Questions investors ask
Is Mahindra Holidays & Resorts India Limited Shariah compliant?

Mahindra Holidays & Resorts India Limited is currently screened as Non-Compliant (Business Activity) under AAOIFI Shariah Standard No. 21. Business activity in non-permissible sector: /\bcasino(s)?\b/i Debt to Market Cap (94.48%) exceeds AAOIFI threshold (≤ 33%). Non-permissible interest income (5.51%) exceeds 5% threshold.

What is Mahindra Holidays & Resorts India Limited's current valuation relative to peers?

Mahindra Holidays & Resorts India Limited trades at a P/E of 76.4x compared to the sector median of 26.8x, and a Price-to-Book of 5.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 4.89x. Interest coverage is 1.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.1% while net profit growth averaged -9.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.