Mahindra Holidays & Resorts India Limited (MHRIL) AI Stock Analysis

• Market Cap: ₹66.93B
• Dividend Yield: N/A
• Average Volume (3M): 4.73K
• Price to Earnings (P/E): 50.0
• Beta (1Y): 0.90
• Revenue Growth: 4.25%
• EPS Growth: 17.51%
• Country: IN
• Employees: 4,339
• Sector: Services
• Sector Strength: N/A
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 2.75
• Shares Outstanding: 202,016,970
• 10 Day Avg. Volume: 3,427
• 30 Day Avg. Volume: 4,731
• PEG Ratio: 4.58
• Price to Book (P/B): 7.69
• Price to Sales (P/S): 2.22
• P/FCF Ratio: 20.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹360.00 ▲(12.69% Upside)

The overall stock score of 57 reflects solid financial performance with improved profitability and leverage management. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The absence of a dividend yield further impacts the valuation negatively.

Positive Factors

Revenue Growth

Stable revenue growth indicates a strong market position and effective business model, ensuring consistent income streams over time.

Profitability Improvement

Improved profitability reflects efficient cost management and operational effectiveness, enhancing long-term financial health.

Leverage Management

Better leverage management reduces financial risk and increases financial flexibility, supporting sustainable growth.

Negative Factors

High Debt Reliance

High reliance on debt can strain cash flows and limit strategic options, posing a risk to long-term financial stability.

Cash Flow Growth Concerns

Slowing cash flow growth may impact the company's ability to invest in new opportunities and manage debt effectively over time.

Operational Efficiency Variability

Fluctuating operational efficiency could indicate challenges in cost control or revenue consistency, affecting long-term profitability.

Mahindra Holidays & Resorts India Limited Business Overview & Revenue Model

Company Description

Mahindra Holidays & Resorts India Limited (MHRIL) is a leading player in the leisure and hospitality sector in India, primarily operating in the vacation ownership and travel industry. The company is part of the Mahindra Group, a multinational conglomerate, and focuses on providing vacation experiences through its flagship brand, Club Mahindra. MHRIL offers a range of services including time-share vacation ownership, resort management, and related travel offerings, catering to families and individuals seeking memorable holiday experiences across various destinations.

How the Company Makes Money

MHRIL generates revenue primarily through its vacation ownership model, where customers purchase a time-share membership that allows them to vacation at any of the company's resorts across India and abroad. This model ensures a steady income stream from membership fees and annual maintenance charges. Additionally, MHRIL earns income from its resort operations, including room rentals, food and beverage services, and other hospitality services provided to guests. The company also engages in partnerships with travel agencies and other service providers, enhancing its offerings and expanding its customer base. Seasonal promotions and special packages further boost revenue, attracting both existing members and new customers seeking vacation options.

Mahindra Holidays & Resorts India Limited Financial Statement Overview

Summary

Mahindra Holidays & Resorts India Limited shows solid revenue growth and improved profitability, with ongoing improvements in leverage and shareholder returns. Cash flow generation is strong, but the company relies heavily on debt, which poses a risk. Overall, the financial health is robust, with areas of concern being leverage and cash flow growth sustainability.

Income Statement

The revenue growth over the years is stable, with a notable increase from 2022 to 2025. Gross profit margin is strong at 65.8% for 2025, showing efficient cost management. Net profit margin has improved from 3.5% in 2022 to 4.6% in 2025, indicating better profitability. However, EBIT and EBITDA margins have seen fluctuations, suggesting some variability in operational efficiency.

Balance Sheet

The debt-to-equity ratio has improved from 10.26 in 2022 to 4.01 in 2025, indicating better leverage management. Return on Equity (ROE) improved significantly to 16.3% in 2025, showcasing enhanced shareholder returns. However, the equity ratio remains low at 7.4% in 2025, suggesting a high reliance on debt financing.

Cash Flow

Free cash flow has been positive and growing, with a marginal increase in 2025. However, the free cash flow growth rate has slowed. The operating cash flow to net income ratio is robust, indicating strong cash generation relative to net income. The free cash flow to net income ratio is also strong, but the growth rate requires attention.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.29B	27.07B	26.44B	24.60B	19.55B	16.53B
Gross Profit	16.90B	8.42B	17.04B	16.14B	5.38B	3.50B
EBITDA	7.01B	5.79B	6.37B	5.86B	4.86B	3.64B
Net Income	1.30B	1.28B	1.16B	1.15B	675.11M	-130.77M
Balance Sheet
Total Assets	0.00	106.14B	98.46B	93.17B	88.46B	85.21B
Cash, Cash Equivalents and Short-Term Investments	10.00B	10.00B	9.42B	7.60B	7.15B	4.62B
Total Debt	0.00	31.31B	27.38B	26.23B	25.67B	24.87B
Total Liabilities	-7.89B	98.26B	93.13B	89.19B	85.86B	84.31B
Stockholders Equity	7.89B	7.80B	5.24B	3.90B	2.50B	846.80M
Cash Flow
Free Cash Flow	0.00	2.95B	2.87B	4.20B	3.66B	2.61B
Operating Cash Flow	0.00	6.21B	6.24B	6.81B	4.98B	3.82B
Investing Cash Flow	0.00	-4.01B	-4.49B	-2.10B	-2.57B	-2.37B
Financing Cash Flow	0.00	-2.85B	-1.90B	-4.59B	-2.17B	-1.54B

Mahindra Holidays & Resorts India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 319.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MHRIL, the sentiment is Negative. The current price of 319.45 is below the 20-day moving average (MA) of 320.85, below the 50-day MA of 333.35, and below the 200-day MA of 335.51, indicating a bearish trend. The MACD of -3.68 indicates Negative momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 14.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MHRIL.

Mahindra Holidays & Resorts India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TAJGVK	72 Outperform	₹25.76B	17.81	―	0.49%	9.49%	40.16%
ROHLTD	61 Neutral	₹10.91B	23.64	―	0.59%	10.77%	-4.40%
ORIENTHOT	59 Neutral	₹21.52B	43.53	―	0.43%	19.69%	17.02%
MHRIL	57 Neutral	₹66.93B	49.98	―	―	4.25%	17.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
LEMONTREE	54 Neutral	₹133.10B	61.85	―	―	16.03%	44.95%
ITDC	53 Neutral	₹49.57B	68.61	―	0.50%	6.56%	4.21%

Mahindra Holidays & Resorts India Limited Corporate Events

Mahindra Holidays Faces GST Dispute with No Expected Financial Impact

Mahindra Holidays & Resorts India Limited has disclosed the receipt of Show Cause Notices (SCNs) from the Assistant Commissioner in Chennai regarding a demand for INR 6,52,77,394 related to Goods and Services Tax on Corporate Guarantee for fiscal years 2020-21 to 2023-24. Despite the significant amount involved, the company does not anticipate any material financial impact from these notices and is actively pursuing legal remedies to address the situation.