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Kotak keeps Buy on M&M with Rs 4,000 fair value, 40% upside, despite tractor slowdown and SUV share worries

Kotak Institutional Equities set a fair value of Rs 4,000 per share for Mahindra & Mahindra, about 40% above the market price, and kept Buy. It expects 16 new SUV launches by FY31, with tractor volumes declining over four quarters.

Kotak's ₹4,000 fair value and about 40% upside, and its FY31 SUV and LCV launch counts
Kotak fair value per share
₹4,000
Upside to current market price
about 40%
New SUV launches expected by FY31
16
New LCV launches expected by FY31
10
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07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

New LCV launches expected by FY31: 10
Standalone EPS estimate cut for FY27-29: 5% to 8%
Implied volume CAGR in FY29-FY50: 3% to 3.5%
Valuation on FY28 core EPS: 15.5 times
Share price fall over past year: around 20%

The source

Source Read the source at Financial Express

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