Want to see IN:MHRIL full AI Analyst Report?
Top Page
Mahindra Holidays & Resorts India Limited
(MHRIL)
Select Model
Select Model
Rating:48Neutral
Price Target:
₹206.00
▼(-5.94% 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 Model
The vacation-ownership model combines upfront membership receipts with recurring annual fees, creating a contracted customer relationship and repeat revenue base. This structure can support visibility and resilience across several quarters when membership renewals, collections, and resort utilization remain healthy.
Negative Factors
High and Rising Leverage
Debt has increased materially while the equity base remains relatively small, leaving the company with limited financial flexibility. High leverage increases sensitivity to interest rates and demand cycles, and can restrict the funds available for resort investment, expansion, or absorbing weaker operating periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Membership Model
The vacation-ownership model combines upfront membership receipts with recurring annual fees, creating a contracted customer relationship and repeat revenue base. This structure can support visibility and resilience across several quarters when membership renewals, collections, and resort utilization remain healthy.
Read all positive factors
Mahindra Holidays & Resorts India Limited (MHRIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹41.97B
Dividend Yield1.38%
Average Volume (3M)9.29K
Price to Earnings (P/E)78.9
Beta (1Y)1.00
Revenue Growth6.85%
EPS Growth-59.12%
CountryIN
Employees5,684
SectorGeneral
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)2.63
Shares Outstanding202,056,150
10 Day Avg. Volume8,224
30 Day Avg. Volume9,295
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)12.3
Revenue Forecast (FY)₹15.78B
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) membership model. Under Club Mahindra, customers pay an upfront membership fee that gives them the right to use resort accommodation for a specified number of days each yea...
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 | 30.23B | 29.92B | 27.07B | 26.44B | 24.60B | 19.55B |
| Gross Profit | 15.96B | 15.95B | 8.42B | 17.04B | 16.14B | 5.38B |
| EBITDA | 6.09B | 6.17B | 5.79B | 6.37B | 5.86B | 4.86B |
| Net Income | 529.77M | 695.12M | 1.28B | 1.16B | 1.15B | 675.11M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 113.85B | 106.14B | 98.46B | 93.17B | 88.46B |
| Cash, Cash Equivalents and Short-Term Investments | 7.69B | 7.69B | 10.00B | 9.42B | 7.60B | 7.15B |
| Total Debt | 0.00 | 38.29B | 31.31B | 27.38B | 26.23B | 25.67B |
| Total Liabilities | -7.84B | 106.01B | 98.26B | 93.13B | 89.19B | 85.86B |
| Stockholders Equity | 7.84B | 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
Negative
219.00
Price Trends
222.39
Negative
228.95
Negative
260.15
Negative
Market Momentum
-5.06
Positive
29.93
Positive
8.26
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 219 is above the 20-day moving average (MA) of 215.88, below the 50-day MA of 222.39, and below the 200-day MA of 260.15, indicating a bearish trend. The MACD of -5.06 indicates Positive momentum. The RSI at 29.93 is Positive, neither overbought nor oversold. The STOCH value of 8.26 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹18.04B | 20.77 | ― | 1.18% | -7.65% | -6.94% | |
70 Outperform | ₹24.95B | 37.30 | ― | 0.47% | 6.94% | 41.16% | |
70 Outperform | ₹20.89B | 5.07 | ― | 0.61% | 22.41% | 194.35% | |
66 Neutral | ₹55.25B | 67.26 | ― | 0.45% | -9.37% | 3.25% | |
57 Neutral | ₹23.96B | 37.43 | ― | 0.45% | 10.04% | -35.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹41.97B | 78.92 | ― | 1.38% | 6.85% | -59.12% |
* General Sector Average
IN:MHRIL
Mahindra Holidays & Resorts India Limited
205.70
-149.55
-42.10%
IN:EIHAHOTELS
EIH Associated Hotels Limited
294.00
-124.62
-29.77%
IN:ITDC
India Tourism Development Corp. Ltd.
638.50
-15.05
-2.30%
IN:ORIENTHOT
Oriental Hotels Limited
140.50
-3.56
-2.47%
IN:PARKHOTELS
Apeejay Surrendra Park Hotels Ltd.
113.20
-46.05
-28.92%
IN:TAJGVK
TAJGVK Hotels & Resorts Ltd.
332.70
-150.40
-31.13%
Mahindra Holidays & Resorts India Limited Corporate Events
Mahindra Holidays Secures Shareholder Approval on All Resolutions at 30th AGM
Jul 22, 2026
Mahindra Holidays Resorts India Limited has reported the voting outcomes of its 30th Annual General Meeting, held via video conferencing on July 22, 2026, in compliance with SEBI’s listing and disclosure regulations. The meeting saw partici...
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.