A fundamental analysis of Mahindra Holidays & Resorts India Limited (MHRIL) covering revenue trends, profitability, valuation, and shareholding patterns.
Mahindra Holidays Revenue Trend
A 1.4% revenue drop brought Mahindra Holidays & Resorts India Limited's top line down to ₹2,781 Cr in FY2025.
Stepping back, the 10-year revenue CAGR of 13.1% tells a positive story. Mahindra Holidays & Resorts India Limited has been growing at a solid clip.
With a top line of ₹2,781 Cr, Mahindra Holidays & Resorts India Limited operates at a mid-sized scale within the hotels sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹2,781 Cr | -1.4% |
| FY2024 | ₹2,820 Cr | +7.5% |
| FY2023 | ₹2,624 Cr | +20.4% |
| FY2022 | ₹2,179 Cr | +25.9% |
| FY2021 | ₹1,730 Cr | — |
View Mahindra Holidays & Resorts India Limited's full 10-year revenue trend with CAGR analysis →
Mahindra Holidays Profitability
Mahindra Holidays & Resorts India Limited turned in a net profit of ₹128 Cr for FY2025. That's 9.9% better than the ₹116 Cr earned in FY2024.
The net margin remained stable around 4.6%, consistent with the prior year.
The diluted EPS figure moved up to ₹6.33 in FY2025, against ₹5.74 posted in FY2024.
Is Mahindra Holidays Undervalued
The P/E Ratio valuation pegs Mahindra Holidays & Resorts India Limited's fair value at ₹416, which is 96.1% upside from the current price.
Mahindra Holidays & Resorts India Limited shares are currently trading at ₹211.98.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹416 | 96.1% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Mahindra Holidays & Resorts India Limited with detailed assumptions →
Mahindra Holidays Shareholding Pattern
No change in promoter stake — it has held at 66.7% for the past 4 quarters.
Foreign institutional investors (FIIs) held 5.3% as of March 2026, down from 5.4% a year ago.
DII ownership is at 11.0%, up from the 10.2% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| 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% |
| Jun 2025 | 66.7% | 5.4% | 10.2% | 17.5% |
Track quarterly shareholding changes for Mahindra Holidays & Resorts India Limited →
Mahindra Holidays Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹106.14B (up 7.8% YoY from ₹98.46B).
Top categories: Other Assets (41.7%), Property, Plant & Equipment (31.8%), Receivables (10.8%).
Of the ₹106.24B in liabilities and equity, 7.5% is shareholder equity, 29.5% is interest-bearing debt, and 63.0% is operating liabilities. Over the year, debt is up 14.3% and equity is up 49.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 7.66B |
| Receivables | 11.41B |
| Inventories | 6.94B |
| Property, Plant & Equipment | 33.77B |
| Investments | 240.86M |
| Intangibles & Goodwill | 1.81B |
| Other Assets | 44.30B |
| Category | Value |
|---|---|
| Equity | 7.99B |
| Short-term Debt | 4.06B |
| Long-term Debt | 27.24B |
| Trade Payables | 3.53B |
| Other Liabilities | 63.42B |
Mahindra Holidays Investment Snapshot
Here's the bottom line on Mahindra Holidays & Resorts India Limited (MHRIL) based on the latest available financials.
Revenue of ₹2,781 Cr in FY2025, down 1.4% year-over-year.
Long-term revenue has been compounding at 13.1% annually over 10 years.
The company is profitable, with a net margin of 4.6% and net income of ₹128 Cr.
The P/E Ratio model implies 96.1% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for Mahindra Holidays & Resorts India Limited.