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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Mahindra and Mahindra Ltd    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

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Mahindra & Mahindra Limited : Mahindra Tractors sells 16257 units in domestic market during December 2013

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01/01/2014 | 08:28am EDT

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.7 billion Mahindra Group, today announced its tractor sales numbers for December 2013 which stood at 16257 units in the domestic market, as against 13712 units during December 2012, a growth of 19%. The company's overall sales have also grown by 15%, standing at 17037 units during December 2013. The exports for the month stood at 780 units.

Mumbai, January 1, 2014: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.7 billion Mahindra Group, today announced its tractor sales numbers for December 2013 which stood at 16257 units in the domestic market, as against 13712 units during December 2012, a growth of 19%. The company's overall sales have also grown by 15%, standing at 17037 units during December 2013. The exports for the month stood at 780 units.

Speaking on the sector's monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said, "I am happy to share that at the end of the first 9 months of the current fiscal year, we have achieved a domestic growth of 24%. With expectations of a bumper Rabi crop, we believe we will see a double digit growth in the next 3 months. A continued shift towards greater mechanization on farms will provide an impetus to sales."


Farm Equipment Sector


December 2013

Cumulative December 2013


F13

F14

% Change

F13

F14

%Change

Domestic

13712

16257

19%

165699

204758

24%








Exports

1047

780

-26%

8522

7502

-12%








Total

14759

17037

15%

174221

212260

22%

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.7 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehiclesinformation technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category.

Visit us atwww.mahindra.com

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For further enquiries

Roma Balwani                                         

Chief Group Communications Officer

Mahindra & Mahindra Ltd.                                           

Phone: +91 22 2490 1441                                             

Email: balwani.roma@mahindra.com

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Financials (INR)
Sales 2019 537 B
EBIT 2019 53 494 M
Net income 2019 49 691 M
Finance 2019 53 246 M
Yield 2019 1,28%
P/E ratio 2019 16,53
P/E ratio 2020 15,36
EV / Sales 2019 1,40x
EV / Sales 2020 1,18x
Capitalization 806 B
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Number of Analysts 38
Average target price 859  INR
Spread / Average Target 27%
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Managers
NameTitle
Pawan Kumar Goenka Managing Director & Executive Director
Anand Gopal Mahindra Executive Chairman
Vankipuram Srinivasa Parthasarathy Group Chief Financial & Information Officer
Ulhas Narayan Yargop Group CTO & Group President-IT Sector
Keshub Kailash Mahindra Chairman-Emeritus
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