Mahindra Holidays & Resorts India Limited

NSE: MHRIL · Unclassified

₹197.86+0.85%06 Nov 2026

Ask the data

Instant answers about Mahindra Holidays & Resorts India Limited — computed from its filings, no language model

Market cap₹3,991 cr

Current price₹197.86

High / Low₹334 / ₹178

P/E72.4

P/B5.04

Book value₹39.2

ROE7.0%

ROCE14.3%

Debt / equity1.68

Dividend yield0.00%

EPS (TTM)₹2.73

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,372	1,730	2,013	2,517	2,705	2,781	2,992
EBITDA	369	231	315	472	514	579	617
Operating margin	15.5%	13.4%	15.7%	18.7%	19.0%	20.8%	20.6%
Interest	79	82	99	119	132	148	181
Depreciation	247	264	271	290	337	366	409
Profit before tax	101	2	111	170	160	194	140
Tax	236	16	43	57	43	67	72
Net profit	-132	-13	68	115	116	128	70
EPS ₹	-9.94	-0.98	3.38	5.75	5.74	6.33	3.45
Operating cash flow	—	—	498	681	624	621	531
Capex	—	—	132	261	338	326	421
Dividend paid	—	—	0	0	0	0	0
Total assets	—	—	—	9,317	9,846	10,614	11,385
Equity	—	—	—	390	524	780	778

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	6,113	556	588	617	294	481	489	465	371	546	553	543	598	602	712	614	655	635	800	653	671	678	779	701	717	753	820	733	784
Operating profit	769	100	88	104	19	94	75	44	28	118	81	88	116	91	165	84	136	105	188	105	123	146	204	122	153	144	197	113	159
Operating margin	12.6%	17.9%	15.0%	16.9%	6.3%	19.4%	15.3%	9.5%	7.5%	21.7%	14.6%	16.2%	19.5%	15.1%	23.1%	13.7%	20.8%	16.6%	23.5%	16.1%	18.4%	21.5%	26.2%	17.5%	21.3%	19.2%	24.0%	15.4%	20.3%
Other income	148	18	11	15	31	29	26	31	47	47	31	40	29	22	24	38	17	32	30	33	35	32	28	39	32	30	24	41	36
Interest	223	21	21	15	21	16	28	18	28	21	24	27	23	40	33	32	33	45	22	35	38	37	38	39	48	47	47	47	53
Depreciation	598	60	64	63	64	66	66	68	67	67	68	70	70	72	79	81	84	86	86	89	92	93	92	96	101	104	109	109	107
Profit before tax	96	36	14	41	-35	41	7	-11	-19	78	20	32	53	1	77	9	36	6	109	15	29	48	102	27	36	11	65	-3	35
Tax	88	12	12	203	-2	12	8	-1	2	18	7	16	11	15	21	8	14	-4	26	8	17	13	29	19	19	10	24	5	14
Net profit	37	24	5	-165	-28	25	0	-10	-21	59	14	16	41	-11	56	0	21	12	82	5	56	35	73	8	19	2	42	-9	20
EPS ₹	0.28	1.80	0.37	-12.38	-2.08	1.85	0.01	-0.77	-1.61	2.95	0.69	0.81	2.04	-0.59	2.82	0.01	1.06	0.58	4.09	0.29	0.68	1.73	3.63	0.39	0.89	0.11	2.06	-0.43	0.99
Revenue YoY	—	—	—	—	-95.2%	-13.4%	-16.8%	-24.5%	26.1%	13.5%	13.1%	16.6%	9.5%	8.8%	31.2%	—	9.5%	5.4%	12.4%	6.3%	2.4%	6.9%	-2.7%	7.4%	6.9%	10.9%	5.3%	4.5%	9.3%
Profit YoY	—	—	—	—	-175.2%	2.8%	-96.6%	—	—	139.9%	7970.6%	—	-30.7%	-178.9%	247.2%	—	-47.8%	—	46.0%	2381.8%	162.6%	204.0%	-11.3%	44.1%	-66.0%	-93.7%	-43.1%	-210.0%	4.6%

Earlier results (standalone, Jun '09 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Mahindra Holidays & Resorts India Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	510	522	622	702	778	795	952	1,089	1,077	918
Operating profit	194	160	151	167	159	180	232	244	232	106
Operating margin	38.1%	30.7%	24.3%	23.8%	20.5%	22.6%	24.4%	22.4%	21.5%	11.6%
Other income	6	12	15	14	21	13	11	17	30	45
Interest	5	3	0	2	1	0	0	0	—	0
Depreciation	19	20	20	21	38	65	71	61	55	51
Profit before tax	177	149	146	159	141	127	172	201	207	100
Tax	59	47	41	52	47	48	55	70	73	36
Net profit	118	103	105	107	95	79	117	131	134	64

Quarters

showing latest 8 of 40 periods

	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	135	120	125	130	102	114	141	166	126	148	159	188	157	165	179	201	180	189	189	219	186	198	207	204	227	233	237	254	250	258	271	310	270	243	268	296	235	209	236	238
Operating profit	59	45	40	51	23	29	49	60	24	36	40	52	28	42	47	51	35	48	34	43	41	53	47	39	53	57	60	63	58	61	66	59	57	54	58	63	27	23	35	21
Operating margin	43.5%	37.2%	31.9%	39.0%	22.6%	25.1%	34.5%	36.2%	18.7%	24.5%	25.1%	27.3%	17.5%	25.3%	26.2%	25.5%	19.2%	25.3%	17.8%	19.5%	22.1%	26.6%	22.8%	19.0%	23.2%	24.4%	25.5%	24.6%	23.1%	23.7%	24.6%	19.1%	21.2%	22.3%	21.6%	21.1%	11.5%	11.0%	14.9%	8.9%
Other income	1	2	2	2	2	3	3	4	5	3	3	4	4	3	3	4	5	5	7	5	4	2	3	3	4	3	4	0	4	3	4	5	6	9	5	10	8	13	11	14
Interest	2	1	1	1	1	1	1	0	0	0	0	0	0	0	0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	0	0	0	0
Depreciation	5	5	4	5	5	5	5	6	5	5	5	5	5	5	5	5	8	9	10	11	15	17	16	18	18	17	16	20	15	15	15	15	14	14	13	13	13	13	13	12
Profit before tax	53	41	36	46	20	26	46	58	23	34	38	50	27	39	44	48	31	43	31	37	31	37	34	24	39	43	48	42	47	49	55	50	50	49	49	59	22	23	33	23
Tax	19	13	12	14	6	7	15	18	7	10	11	13	8	12	14	17	10	14	10	12	10	13	11	14	13	14	17	10	17	16	20	18	17	17	18	21	8	8	12	8
Net profit	34	28	24	32	13	18	31	40	17	24	26	37	19	27	30	31	21	29	20	24	20	25	23	10	25	29	31	32	30	33	36	32	32	32	32	39	14	14	21	14
EPS ₹	4.38	3.39	2.86	3.87	1.59	2.18	3.72	4.81	2.02	2.88	3.16	4.44	2.26	3.22	3.59	3.69	2.40	3.27	2.31	2.77	2.32	2.81	2.67	1.18	2.85	3.29	3.55	3.65	3.43	3.72	4.05	3.69	2.43	2.39	2.40	2.91	1.03	1.09	1.60	1.09
Revenue YoY	—	—	—	—	-24.8%	-5.4%	13.4%	27.3%	23.8%	30.6%	12.4%	13.6%	24.9%	11.0%	12.7%	6.5%	14.5%	15.0%	5.8%	9.0%	3.3%	4.8%	9.0%	-6.7%	22.1%	17.5%	14.9%	24.5%	9.8%	10.8%	14.0%	22.2%	8.2%	-5.7%	-1.1%	-4.6%	-13.2%	-14.0%	-11.8%	-19.5%
Profit YoY	—	—	—	—	-60.6%	-35.2%	30.6%	24.7%	27.1%	32.2%	-14.9%	-7.3%	12.3%	12.3%	13.6%	-16.9%	10.9%	6.7%	-32.5%	-21.1%	-2.9%	-14.3%	15.6%	-57.3%	22.8%	17.1%	33.2%	208.0%	20.6%	13.6%	14.3%	-0.8%	6.9%	-3.6%	-11.1%	21.2%	-57.5%	-54.4%	-33.1%	-62.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	22.2%	16.0%	21.3%	22.1%	23.1%	26.5%	30.5%	21.8%	22.1%	18.5%	14.0%	9.1%	7.0%	7.0%
ROCE	—	—	—	—	—	—	—	—	—	8.8%	8.6%	9.0%	9.0%	9.3%	19.1%	21.3%	19.3%	20.2%	19.8%	18.4%	15.9%	14.9%	14.3%
Net margin	-1.3%	-8.0%	-8.2%	-8.9%	-0.8%	-0.4%	1.5%	2.1%	3.4%	3.4%	2.6%	3.4%	4.3%	4.4%	5.6%	6.4%	6.1%	6.1%	4.7%	3.5%	2.4%	1.8%	1.8%
EBITDA margin	13.5%	15.1%	15.4%	15.5%	13.4%	13.3%	14.2%	14.0%	15.7%	18.0%	18.4%	18.7%	19.0%	19.5%	18.9%	20.1%	20.8%	21.1%	21.7%	21.1%	20.6%	20.1%	19.9%
Debt / equity	—	—	—	—	—	—	—	—	—	6.73	6.17	6.17	5.23	5.23	1.66	1.66	1.27	1.27	1.59	1.59	1.59	1.59	1.68
Interest coverage	1.67	1.74	1.85	1.69	1.03	1.20	1.58	1.75	2.11	2.10	1.89	1.90	2.21	2.22	2.13	2.52	2.31	2.36	2.31	2.02	1.77	1.58	1.56
Asset turnover	—	—	—	—	—	—	—	—	—	0.27	0.27	0.28	0.27	0.28	0.27	0.27	0.26	0.27	0.26	0.27	0.26	0.27	0.26

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	200	201	201	202	202	202	202	202	202
Other equity / reserves	130	189	219	323	385	579	530	576	590
Total equity	331	390	420	524	587	780	732	778	792
Borrowings	659	2,623	2,594	2,738	976	987	1,167	1,234	1,333
Current liabilities	1,478	1,592	1,969	2,503	2,226	1,904	2,476	2,470	2,315
Non-current liabilities	6,906	7,327	7,043	6,810	7,373	7,922	7,769	8,131	8,844
Total assets	8,726	9,317	9,443	9,846	10,194	10,614	10,984	11,385	11,956
Property, plant & equipment	4,062	4,277	4,383	4,455	4,570	4,864	5,186	5,574	5,984
Capital work-in-progress	120	160	171	196	299	365	353	325	539
Investments	330	573	477	675	819	753	757	683	843
Inventories	514	570	576	597	669	694	777	833	843
Receivables	1,207	1,245	1,249	1,332	1,328	1,341	1,342	1,388	1,432
Cash & equivalents	122	116	47	103	33	37	21	36	26

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	498	681	624	621	531
Cash from investing	-257	-210	-449	-401	-213
Cash from financing	-217	-459	-190	-285	-315
Capex	132	261	338	326	421
Free cash flow	366	420	287	295	110
Dividends paid	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹5,984 cr50%

CWIP

₹539 cr5%

Investments

₹843 cr7%

Inventories

₹843 cr7%

Receivables

₹1,432 cr12%

Cash & equivalents

₹26 cr0%

Other assets

₹2,290 cr19%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Mahindra Holidays & Resorts India Limited	3,991	197.86	72.4	5.04	7.0%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.4%

6 months-18.2%

1 year-40.9%

3Y CAGR-20.9%

5Y CAGR-4.0%

10Y CAGR-1.7%

50-day avg₹196.80

200-day avg₹236.35

RSI (14)47

FAQs

What is the share price of Mahindra Holidays & Resorts India Limited?

Mahindra Holidays & Resorts India Limited (MHRIL) closed at ₹197.86 on NSE on 06 Nov 2026.

What is the market cap of Mahindra Holidays & Resorts India Limited?

₹3,991 crore at the latest close.

What is the P/E ratio of Mahindra Holidays & Resorts India Limited?

72.4, on trailing-twelve-month earnings from its filings.

How fast is Mahindra Holidays & Resorts India Limited growing?

Mahindra Holidays & Resorts India Limited: revenue has compounded at 5.9% a year over three years; net profit at -15.5% a year. Latest-quarter revenue is up 9.3% year on year, profit up 4.6%.

How profitable is Mahindra Holidays & Resorts India Limited?

On a trailing-twelve-month basis return on equity is 7.0%, return on capital employed 14.3%, operating margin 19.9%, net margin 1.8%.

How much debt does Mahindra Holidays & Resorts India Limited have?

Mahindra Holidays & Resorts India Limited is highly geared: debt to equity is 1.68 with borrowings of ₹1,333 cr against cash of ₹26 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.6 times.

Financials parsed from Mahindra Holidays & Resorts India Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.