Prabhudas Lilladher: M&M  - Shaping Up Itself! Reiterate Buy
A man hoses down a Mahindra Yuvraj 215 NXT tractor outside a Mahindra dealership in Tumakuru, Karnataka, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Prabhudas Lilladher: M&M - Shaping Up Itself! Reiterate Buy

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.

Prabhudas Lilladher Report

We are positive on Mahindra & Mahindra Ltd. due to -

1. better rural sentiments and stable tractor outlook providing margins and cash-flow cushion to compete in Utility Vehicle business,

2. renewed focus to gain back lost market share in UV business with new product launches,

3. dominating presence in light commercial vehicles to help ride commercial vehicle upcycle and

4. increased focus on capital allocation with exit of non-core business like GenZ, USPS (MANA) and Gipps Aerospace (aircraft manufacturing) in H1 Y21.

However, key factors such as increased competition in UVs led by new entrant and feedback on newly launched passenger UVs are to be watched out.

Click on the attachment to read the full report:

Prabhudas Lilladher M&M Company Update.pdf

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