Financials Mahindra Holidays & Resorts India Limited

Stocks

Market Closed - NSE India S.E. Other stock markets 12:05:08 14/07/2026 BST			5-day change	1st Jan Change
225.44 ^INR	-2.69%		-3.04%	-27.09%

06-14	Mahindra Holidays & Resorts India Limited acquired Aditatva Estates Private Limited for INR 375 million.	CI
05-05	Mahindra Holidays & Resorts India Names CFO	MT

Fiscal Period: March	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	11,962	13,140	14,003	14,692	16,063	17,997	20,398
Change	-	9.85%	6.57%	4.92%	9.33%	12.04%	13.34%
EBITDA ¹	2,729	2,955	3,471	4,486	4,855	5,370	5,991
Change	-	8.29%	17.46%	29.26%	8.22%	10.61%	11.56%
EBIT ¹	1,338	1,368	1,691	2,554	2,756	3,116	-
Change	-	2.23%	23.64%	51%	7.91%	13.06%	-
Interest Paid ¹	-1,186	-336.7	-441.6	-656	-645	-693	-
Earnings before Tax (EBT) ¹	2,141	2,232	2,696	892.2	3,393	3,612	-
Change	-	4.27%	20.78%	-66.9%	280.28%	6.45%	-
Net income ¹	1,586	1,806	2,005	45.5	2,528	2,691	-
Change	-	13.92%	10.98%	-97.73%	5,455.56%	6.45%	-
Announcement Date	25/04/23	26/04/24	25/04/25	27/04/26	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q3	2025 Q2	2025 Q3	2026 Q1	2027 Q1
Net sales ¹	1,967	2,377	2,673	2,590	2,879	2,836	3,151	3,097	3,357	-	3,599	-	3,879
Change	-	20.8%	12.45%	-3.08%	11.13%	-1.48%	11.09%	-1.71%	8.41%	-	-	-	-
EBITDA ¹	529.2	614.4	676.9	524.8	678.5	648.8	788.9	612.7	831	-	955.5	-	1,133
Change	-	16.09%	10.18%	-22.46%	29.28%	-4.37%	21.58%	-22.33%	35.63%	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	470.6	-	782.3	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	29/07/21	22/10/21	03/02/22	02/05/22	30/07/22	02/11/22	02/02/23	25/04/23	02/02/24	25/10/24	31/01/25	23/07/25	-

¹INR in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt	-	-	-4,157	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	02/05/22	25/04/23	26/04/24	25/04/25	27/04/26	-	-	-

Estimates

Fiscal Period: March	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,563	6,989	3,263	3,327	7,520	8,599
Change	-	347.01%	-53.31%	1.95%	126.03%	14.35%
Free Cash Flow (FCF) ¹	2,563	1,187	288.8	1,119	-2,292	-3,023
Change	-	-53.69%	-75.67%	287.63%	-304.77%	-31.89%
Announcement Date	25/04/23	26/04/24	25/04/25	27/04/26	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	-	22.81%	22.49%	24.79%	30.54%	30.22%	29.84%	29.37%
EBIT Margin (%)	-	11.19%	10.41%	12.08%	17.38%	17.16%	17.31%	-
EBT Margin (%)	-	17.9%	16.99%	19.25%	6.07%	21.12%	20.07%	-
Net margin (%)	-	13.26%	13.75%	14.32%	0.31%	15.74%	14.95%	-
FCF margin (%)	-	21.43%	9.03%	2.06%	7.62%	-14.27%	-16.8%	-
FCF / Net Income (%)	-	161.63%	65.71%	14.4%	2,459.85%	-90.66%	-112.34%	-
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	33.66%	24.21%	21.35%	17.94%	0.38%	18.8%	17.1%	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	13.07%	53.19%	23.3%	22.64%	46.82%	47.78%	-
CAPEX / EBITDA (%)	-	57.29%	236.5%	94.02%	74.16%	154.89%	160.13%	-
CAPEX / FCF (%)	-	61%	588.74%	1,130.12%	297.23%	-328.1%	-284.45%	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	37.12	46.95	63.89	60.38	72.8	83.1	-
Change	-	-	26.49%	36.07%	-5.49%	20.56%	14.15%	-
EPS ¹	7.55	-	-	-	-	12.5	13.3	-
Change	-	-	-	-	-	-	6.4%	-
Nbr of stocks (in thousands)	199,653	200,507	201,392	201,602	201,668	201,690	201,690	-
Announcement Date	02/05/22	25/04/23	26/04/24	25/04/25	27/04/26	-	-	-