A fundamental analysis of Mahindra Holidays & Resorts India Limited (MHRIL) covering revenue trends, profitability, valuation, and shareholding patterns.
Mahindra Holidays Revenue Trend
A 7.6% jump in revenue took Mahindra Holidays & Resorts India Limited's top line to ₹2,992 Cr in FY2026.
Stepping back, the 10-year revenue CAGR of 6.5% shows Mahindra Holidays & Resorts India Limited has been growing at a moderate, sustainable pace.
With a top line of ₹2,992 Cr, Mahindra Holidays & Resorts India Limited operates at a mid-sized scale within the hotels sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹2,992 Cr | +7.6% |
| FY2025 | ₹2,781 Cr | -1.4% |
| FY2024 | ₹2,820 Cr | +7.5% |
| FY2023 | ₹2,624 Cr | +20.4% |
| FY2022 | ₹2,179 Cr | — |
View Mahindra Holidays & Resorts India Limited's full 10-year revenue trend with CAGR analysis →
Mahindra Holidays Profitability
The bottom line took a hit: Mahindra Holidays & Resorts India Limited's net profit slipped 45.5% to ₹69.5 Cr in FY2026.
A drop in net margin from 4.6% to 2.3% in FY2026 suggests costs grew faster than revenue.
Looking at per-share numbers, diluted EPS was ₹3.44 in FY2026 — down from ₹6.33.
Is Mahindra Holidays Undervalued
Mahindra Holidays & Resorts India Limited shares are currently trading at ₹218.96.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Mahindra Holidays Shareholding Pattern
Promoter holding has remained stable at 66.7% over the past 4 quarters, indicating confidence in the company's direction.
FII ownership stands at 4.0%, down from the 5.4% recorded a year ago.
The DII stake stands at 11.0% as of June 2026, versus 10.0% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 66.7% | 4.0% | 11.0% | 18.1% |
| Mar 2026 | 66.7% | 5.3% | 11.0% | 16.8% |
| Dec 2025 | 66.7% | 5.5% | 10.4% | 17.2% |
| Sep 2025 | 66.7% | 5.4% | 10.0% | 17.6% |
Track quarterly shareholding changes for Mahindra Holidays & Resorts India Limited →
Mahindra Holidays Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2026 total assets: ₹113.85B (up 7.3% YoY from ₹106.14B).
Top categories: Other Assets (41.8%), Property, Plant & Equipment (32.2%), Receivables (10.8%).
Of the ₹113.85B in liabilities and equity, 6.9% is shareholder equity, 33.6% is interest-bearing debt, and 59.5% is operating liabilities. Over the year, debt is up 22.3% and equity is down 1.9%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 7.03B |
| Receivables | 12.29B |
| Inventories | 8.33B |
| Property, Plant & Equipment | 36.69B |
| Investments | 278.69M |
| Intangibles & Goodwill | 1.67B |
| Other Assets | 47.56B |
| Category | Value |
|---|---|
| Equity | 7.84B |
| Short-term Debt | 9.31B |
| Long-term Debt | 28.98B |
| Trade Payables | 3.31B |
| Other Liabilities | 64.40B |
Mahindra Holidays Investment Snapshot
Here's the bottom line on Mahindra Holidays & Resorts India Limited (MHRIL) based on the latest available financials.
Revenue of ₹2,992 Cr in FY2026, up 7.6% year-over-year.
Long-term revenue has been compounding at 6.5% annually over 10 years.
The company is profitable, with a net margin of 2.3% and net income of ₹69.5 Cr.
Unlock Full Analysis
Craytheon's full analysis of Mahindra Holidays & Resorts India Limited goes deeper: three valuation models, growth metrics, and 10 years of financial data.