Mahindra Holidays & Resorts India Limited

Consumer Discretionary›Consumer Services›Leisure Services›Hotels & Resorts

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Key metrics

Price as of 2026-07-17

Stock price
₹224.34
Market cap
4,524 Cr
Stock P/E
73.9
P/B
5.77
Dividend yield
0.0%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Sales614 Cr1,270 Cr1,904 Cr2,705 Cr653 Cr1,324 Cr678 Cr779 Cr701 Cr717 Cr753 Cr820 Cr
Operating expenses (approx.)493 Cr995 Cr1,493 Cr2,076 Cr514 Cr1,026 Cr501 Cr546 Cr540 Cr532 Cr590 Cr599 Cr
EBITDA121 Cr274 Cr411 Cr629 Cr139 Cr297 Cr178 Cr233 Cr161 Cr185 Cr163 Cr221 Cr
OPM %19.8%21.6%21.6%23.3%21.2%22.5%26.2%29.9%23.0%25.8%21.6%26.9%
Other income38 Cr54 Cr85 Cr115 Cr33 Cr69 Cr32 Cr28 Cr39 Cr32 Cr30 Cr24 Cr
Interest32 Cr65 Cr110 Cr132 Cr35 Cr73 Cr37 Cr38 Cr39 Cr48 Cr47 Cr47 Cr
Depreciation81 Cr165 Cr251 Cr337 Cr89 Cr181 Cr93 Cr92 Cr96 Cr101 Cr104 Cr109 Cr
Profit before tax9 Cr44 Cr51 Cr160 Cr15 Cr43 Cr48 Cr102 Cr27 Cr36 Cr11 Cr65 Cr
Tax %91.0%49.0%34.7%27.1%54.3%56.6%26.3%28.8%71.3%51.4%90.3%36.5%
Net profit0.89 Cr22 Cr33 Cr116 Cr6 Cr18 Cr35 Cr73 Cr7 Cr17 Cr1 Cr41 Cr
EPS (₹)₹0.01₹1.07₹1.65₹5.74₹0.29₹0.98₹1.73₹3.63₹0.39₹0.89₹0.11₹2.06

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,239 Cr2,372 Cr1,730 Cr2,013 Cr2,517 Cr2,705 Cr2,781 Cr2,992 CrSign in for TTM
Operating expenses (approx.)2,016 Cr1,944 Cr1,381 Cr1,533 Cr2,045 Cr2,191 Cr2,073 Cr2,262 CrSign in for TTM
EBITDA223 Cr428 Cr349 Cr481 Cr472 Cr514 Cr708 Cr730 CrSign in for TTM
OPM %10.0%18.0%20.2%23.9%18.7%19.0%25.5%24.4%Sign in for TTM
Other income57 Cr59 Cr117 Cr166 Cr107 Cr115 Cr129 Cr124 CrSign in for TTM
Interest24 Cr79 Cr82 Cr99 Cr119 Cr132 Cr148 Cr181 CrSign in for TTM
Depreciation101 Cr247 Cr264 Cr271 Cr290 Cr337 Cr366 Cr409 CrSign in for TTM
Profit before tax98 Cr101 Cr2 Cr111 Cr170 Cr160 Cr194 Cr140 CrSign in for TTM
Tax %39.3%232.5%673.9%38.8%33.4%27.1%34.4%51.4%Sign in for TTM
Net profit60 Cr-134 Cr-14 Cr68 Cr114 Cr116 Cr126 Cr67 CrSign in for TTM
EPS (₹)₹4.55₹-9.94₹-0.98₹3.38₹5.75₹5.74₹6.33₹3.45Sign in for TTM
Dividend payout %———0.0%0.0%0.0%0.0%0.0%Sign in for TTM
Sign in for TTM

Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026
Equity capital133 Cr133 Cr133 Cr200 Cr201 Cr202 Cr202 Cr202 Cr
Reserves-638 Cr-874 Cr-871 Cr0.0000 Cr198 Cr332 Cr587 Cr582 Cr
Borrowings—135 Cr118 Cr282 Cr2,623 Cr2,738 Cr206 Cr728 Cr
Other liabilities5,753 Cr6,108 Cr5,665 Cr5,658 Cr6,296 Cr6,575 Cr9,620 Cr9,873 Cr
Total liabilities6,050 Cr6,419 Cr6,117 Cr6,504 Cr9,317 Cr9,846 Cr10,614 Cr11,385 Cr
Fixed assets (net)1,793 Cr2,009 Cr2,170 Cr2,430 Cr4,277 Cr4,455 Cr4,864 Cr5,574 Cr
CWIP218 Cr236 Cr112 Cr107 Cr160 Cr196 Cr365 Cr325 Cr
Investments411 Cr492 Cr162 Cr381 Cr543 Cr657 Cr736 Cr667 Cr
Other assets1,840 Cr2,127 Cr2,046 Cr1,911 Cr2,819 Cr3,014 Cr3,026 Cr3,758 Cr
Total assets6,050 Cr6,419 Cr6,117 Cr6,504 Cr9,317 Cr9,846 Cr10,614 Cr11,385 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———498 Cr681 Cr624 Cr621 Cr531 Cr
Cash from investing———-257 Cr-210 Cr-449 Cr-401 Cr-213 Cr
Cash from financing———-217 Cr-459 Cr-190 Cr-285 Cr-315 Cr
Net cash flow———24 Cr12 Cr-14 Cr-64 Cr2 Cr
Free cash flow (OCF − Capex)———366 Cr420 Cr287 Cr295 Cr110 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.5%25.6%21.2%105.0%6.0%5.4%34.4%21.2%
ROE %21.5%-61.4%37.6%0.0%28.9%21.7%16.2%8.9%
Debtor days420444405344147149——
Inventory days2222828191101
Days payable656686825853——
Cash conversion cycle35737932126417217791101
Debt / equity—0.770.350.506.735.230.260.93
Current ratio2.412.382.191.901.771.201.591.52
Net debt / EBITDA0.000.000.000.005.315.130.240.95

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