Mahindra Holidays & Resorts India Limited (IN:MHRIL)
:MHRIL
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Mahindra Holidays & Resorts India Limited
(MHRIL)
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Rating:48Neutral
Price Target:
₹229.00
▼(-24.63% Downside)
Action:Reiterated
Date:06/10/26
The score is held back primarily by financial risk and earnings quality concerns (high leverage and FY2026 profit decline), with additional pressure from weak longer-term technical trends. Valuation is also a headwind given the high P/E and no dividend support in the provided data.
Positive Factors
Recurring membership revenue
The timeshare/membership model creates recurring annual subscription and maintenance fees, producing predictable, repeatable revenue and high customer lifetime value. Over 2–6 months this supports cash flow stability and retention-driven revenue versus one-off room sales.
Negative Factors
High leverage
Very high leverage materially limits financial flexibility, increasing interest expense sensitivity and refinancing risk. Over months this constrains capital allocation, elevates vulnerability to rate moves, and limits ability to invest organically or via M&A.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring membership revenue
The timeshare/membership model creates recurring annual subscription and maintenance fees, producing predictable, repeatable revenue and high customer lifetime value. Over 2–6 months this supports cash flow stability and retention-driven revenue versus one-off room sales.
Read all positive factors
Mahindra Holidays & Resorts India Limited (MHRIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹48.47B
Dividend YieldN/A
Average Volume (3M)4.73K
Price to Earnings (P/E)69.4
Beta (1Y)0.97
Revenue Growth7.58%
EPS Growth-45.54%
CountryIN
Employees4,339
SectorServices
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)6.64
Shares Outstanding202,056,150
10 Day Avg. Volume3,427
30 Day Avg. Volume4,731
Financial Highlights & Ratios
PEG Ratio-1.44
Price to Book (P/B)5.86
Price to Sales (P/S)1.52
P/FCF Ratio53.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.8
Revenue Forecast (FY)₹16.30B
Mahindra Holidays & Resorts India Limited Business Overview & Revenue Model
Company Description
Mahindra Holidays & Resorts India Limited is a prominent player in the leisure and hospitality industry. The company primarily focuses on selling vacation ownership programs and associated services. Its flagship offering, Club Mahindra (CMH25), gr...
How the Company Makes Money
MHRIL primarily makes money through a vacation ownership (timeshare-style) model under the Club Mahindra brand. The core revenue stream is the sale of vacation ownership memberships, where customers pay an upfront price for the right to use holida...
Mahindra Holidays & Resorts India Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.76B | 29.92B | 27.07B | 26.44B | 24.60B | 19.55B |
| Gross Profit | 17.28B | 15.95B | 8.42B | 17.04B | 16.14B | 5.38B |
| EBITDA | 7.27B | 6.17B | 5.79B | 6.37B | 5.86B | 4.86B |
| Net Income | 1.34B | 695.12M | 1.28B | 1.16B | 1.15B | 675.11M |
Balance Sheet | ||||||
| Total Assets | 109.84B | 113.85B | 106.14B | 98.46B | 93.17B | 88.46B |
| Cash, Cash Equivalents and Short-Term Investments | 8.43B | 7.69B | 10.00B | 9.42B | 7.60B | 7.15B |
| Total Debt | 34.81B | 38.29B | 31.31B | 27.38B | 26.23B | 25.67B |
| Total Liabilities | 102.45B | 106.01B | 98.26B | 93.13B | 89.19B | 85.86B |
| Stockholders Equity | 7.32B | 7.78B | 7.80B | 5.24B | 3.90B | 2.50B |
Cash Flow | ||||||
| Free Cash Flow | 311.38M | 848.29M | 2.95B | 2.87B | 4.20B | 3.66B |
| Operating Cash Flow | 2.58B | 5.05B | 6.21B | 6.24B | 6.81B | 4.98B |
| Investing Cash Flow | -1.45B | -2.38B | -4.01B | -4.49B | -2.10B | -2.57B |
| Financing Cash Flow | -1.31B | -2.65B | -2.85B | -1.90B | -4.59B | -2.17B |
Mahindra Holidays & Resorts India Limited Technical Analysis
Positive
303.85
Price Trends
237.16
Positive
256.13
Negative
291.51
Negative
Market Momentum
2.05
Negative
58.38
Neutral
71.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MHRIL, the sentiment is Positive. The current price of 303.85 is above the 20-day moving average (MA) of 227.28, above the 50-day MA of 237.16, and above the 200-day MA of 291.51, indicating a neutral trend. The MACD of 2.05 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 71.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MHRIL.
Mahindra Holidays & Resorts India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹19.49B | 22.56 | ― | 0.98% | -6.00% | -5.06% | |
73 Outperform | ₹21.33B | 5.01 | ― | 0.48% | 13.07% | 262.37% | |
71 Outperform | ₹25.20B | 36.62 | ― | 0.48% | 12.31% | 73.06% | |
64 Neutral | ₹51.94B | 62.64 | ― | 0.50% | -9.34% | 1.39% | |
59 Neutral | ₹26.00B | 40.23 | ― | 0.36% | 11.39% | -21.35% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
48 Neutral | ₹48.47B | 69.43 | ― | ― | 7.58% | -45.54% |
* Services Sector Average
IN:MHRIL
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.