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

• Market Cap: ₹71.65B
• Dividend Yield: N/A
• Average Volume (3M): 8.55K
• Price to Earnings (P/E): 55.2
• Beta (1Y): 0.96
• Revenue Growth: 3.14%
• EPS Growth: 6.79%
• Country: IN
• Employees: 4,339
• Sector: Services
• Sector Strength: N/A
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 3.80
• Shares Outstanding: 202,016,970
• 10 Day Avg. Volume: 3,747
• 30 Day Avg. Volume: 8,554
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹377.00
• Price Target Upside: 5.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ₹377.00 ▲(5.68% Upside)

The overall stock score is primarily driven by solid financial performance, with strong revenue growth and profitability improvements. However, the high P/E ratio suggests potential overvaluation, and the lack of dividend yield may deter income investors. Technical indicators are neutral, with potential for upward momentum.

Mahindra Holidays & Resorts India Limited Business Overview & Revenue Model

Company Description

Mahindra Holidays & Resorts India Limited (MHRIL) is a part of the Mahindra Group, a multinational conglomerate with operations spanning over 100 countries. MHRIL is a prominent player in the leisure and hospitality sector, primarily focusing on providing vacation ownership services. The company operates under the 'Club Mahindra' brand, offering a wide range of holiday destinations and experiences across India and various international locations. Their core products include vacation ownership memberships, which provide customers with access to a network of resorts, and a host of holiday activities and personalized services.

How the Company Makes Money

MHRIL primarily generates revenue through the sale of vacation ownership memberships, which grant members the right to stay at Club Mahindra resorts for a specified number of days each year over a long-term period. This model provides a steady stream of recurring income as members pay an initial membership fee and annual subscription fees. Additionally, the company earns revenue from resort operations, including accommodation, food and beverage services, and leisure activities offered at its properties. MHRIL also benefits from strategic partnerships and alliances that enhance its hospitality offerings and expand its market reach, contributing to its financial performance.

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	27.81B	27.07B	26.44B	24.60B	19.55B	16.21B
Gross Profit	16.49B	18.30B	17.04B	16.14B	11.49B	8.88B
EBITDA	6.79B	5.79B	6.37B	5.86B	4.86B	3.64B
Net Income	1.28B	1.28B	1.16B	1.15B	675.11M	-130.77M
Balance Sheet
Total Assets	106.14B	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	31.31B	31.31B	27.38B	26.23B	25.67B	24.87B
Total Liabilities	98.26B	98.26B	93.13B	89.19B	85.86B	84.31B
Stockholders Equity	7.80B	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: Positive
• Last Price: 356.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 356.75 is below the 20-day moving average (MA) of 358.15, above the 50-day MA of 350.57, and above the 200-day MA of 342.10, indicating a neutral trend. The MACD of 0.73 indicates Positive momentum. The RSI at 53.52 is Neutral, neither overbought nor oversold. The STOCH value of 41.03 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ROHLTD	71 Outperform	₹11.19B	23.68		0.62%	8.81%	-2.58%
TAJGVK	71 Outperform	₹25.33B	17.99		0.37%	13.21%	50.98%
ORIENTHOT	68 Neutral	₹24.45B	51.81		0.36%	21.66%	15.35%
MHRIL	63 Neutral	₹71.65B	55.19		―	3.14%	6.79%
LEMONTREE	58 Neutral	₹112.58B	52.29		―	20.03%	48.55%
ITDC	57 Neutral	₹46.68B	57.77		0.46%	10.51%	16.40%
Sector *	56 Neutral	HK$27.52B	-6.07	7.26%	6.37%	-0.39%	-438.43%

Mahindra Holidays & Resorts India Limited Corporate Events

Mahindra Holidays Expands European Presence with Finnish Acquisition

Mahindra Holidays & Resorts India Limited announced the acquisition of Keskinäinen Kiinteistö Oy Salla Star (KKOSS) in Finland by its wholly owned subsidiary, Holiday Club Resorts Oy. This acquisition, completed on July 3, 2025, makes KKOSS a wholly owned subsidiary of Mahindra Holidays, enhancing its property management capabilities in Finland. The acquisition was executed through a cash consideration and aligns with the company’s strategic expansion in the European market, potentially strengthening its position in the hospitality industry.