About
Mahindra Holidays & Resorts India Limited operates in the leisure hospitality sector in India, Finland, Sweden, Spain, Dubai, Thailand, and Malaysia. It provides vacation ownership and other accommodation-related services. The company was incorporated in 1996 and is based in Mumbai, India. Mahindra Holidays & Resorts India Limited operates as a subsidiary of Mahindra & Mahindra Limited.
Key Metrics
as of Sep 2026Market Cap4,192 Cr
P/E89.60
Div Yield0.00 %
Book Value₹38.50
52w High₹380.00
52w Low₹205.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 380.00 | 377.00 | 379.00 | 344.00 | 369.00 | 361.00 | 360.00 | 328.00 | 351.00 | 343.00 | 336.00 | 308.00 | 328.00 |
| Expenses | 282.00 | 265.00 | 266.00 | 240.00 | 250.00 | 266.00 | 264.00 | 252.00 | 271.00 | 282.00 | 253.00 | 227.00 | 258.00 |
| Operating Profit | 98.00 | 112.00 | 114.00 | 104.00 | 119.00 | 95.00 | 96.00 | 77.00 | 80.00 | 61.00 | 83.00 | 80.00 | 70.00 |
| OPM % | 26.00 | 30.00 | 30.00 | 30.00 | 32.00 | 26.00 | 27.00 | 23.00 | 23.00 | 18.00 | 25.00 | 26.00 | 21.00 |
| Other Income | 44.00 | -204.00 | 25.00 | 36.00 | 42.00 | 37.00 | 31.00 | 43.00 | 34.00 | 32.00 | 37.00 | 25.00 | 27.00 |
| Depreciation | 51.00 | 51.00 | 49.00 | 48.00 | 45.00 | 44.00 | 46.00 | 45.00 | 43.00 | 41.00 | 40.00 | 40.00 | 37.00 |
| Interest | 18.00 | 16.00 | 15.00 | 22.00 | 13.00 | 12.00 | 12.00 | 11.00 | 9.00 | 8.00 | 8.00 | 9.00 | 8.00 |
| Profit before tax | 73.00 | -158.00 | 74.00 | 71.00 | 103.00 | 76.00 | 69.00 | 64.00 | 61.00 | 44.00 | 72.00 | 56.00 | 51.00 |
| Tax % | 25.00 | 12.00 | 26.00 | 27.00 | 26.00 | 24.00 | 26.00 | 26.00 | 26.00 | 25.00 | 5.00 | 26.00 | 26.00 |
| Net Profit | 54.00 | -178.00 | 55.00 | 52.00 | 76.00 | 57.00 | 51.00 | 47.00 | 45.00 | 33.00 | 68.00 | 41.00 | 38.00 |
| EPS in Rs | 2.69 | -8.82 | 2.72 | 2.56 | 3.77 | 2.85 | 2.51 | 2.33 | 2.24 | 1.65 | 3.37 | 2.05 | 1.88 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,469.00 | 1,400.00 | 1,314.00 | 1,196.00 | 961.00 | 822.00 | 977.00 | 918.00 | 1,064.00 | 1,073.00 | 952.00 | 779.00 |
| Expenses | 1,007.00 | 1,046.00 | 1,011.00 | 916.00 | 719.00 | 613.00 | 789.00 | 805.00 | 819.00 | 817.00 | 715.00 | 591.00 |
| Operating Profit | 462.00 | 354.00 | 303.00 | 280.00 | 242.00 | 209.00 | 188.00 | 113.00 | 245.00 | 256.00 | 237.00 | 188.00 |
| OPM % | 31.00 | 25.00 | 23.00 | 23.00 | 25.00 | 25.00 | 19.00 | 12.00 | 23.00 | 24.00 | 25.00 | 24.00 |
| Other Income | -101.00 | 144.00 | 119.00 | 108.00 | 108.00 | 85.00 | 59.00 | 43.00 | 29.00 | 17.00 | 12.00 | -9.00 |
| Interest | 79.00 | 51.00 | 40.00 | 35.00 | 26.00 | 21.00 | 21.00 | 5.00 | 12.00 | 11.00 | 10.00 | 9.00 |
| Depreciation | 193.00 | 178.00 | 159.00 | 139.00 | 120.00 | 104.00 | 102.00 | 51.00 | 55.00 | 61.00 | 71.00 | 65.00 |
| Profit before tax | 89.00 | 270.00 | 223.00 | 214.00 | 204.00 | 169.00 | 124.00 | 100.00 | 207.00 | 201.00 | 168.00 | 105.00 |
| Tax % | 95.00 | 26.00 | 19.00 | 26.00 | 26.00 | 26.00 | 187.00 | 36.00 | 35.00 | 35.00 | 32.00 | 25.00 |
| Net Profit | 5.00 | 200.00 | 181.00 | 159.00 | 151.00 | 126.00 | -108.00 | 64.00 | 134.00 | 131.00 | 114.00 | 79.00 |
| EPS in Rs | 0.23 | 9.92 | 8.94 | 7.88 | 7.54 | 6.28 | -5.40 | 3.19 | 6.71 | 6.54 | 5.69 | 3.95 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.00 | 34.00 | 39.00 | 45.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 202.00 | 202.00 | 202.00 | 201.00 | 200.00 | 133.00 | 133.00 | 133.00 | 133.00 | 88.00 | 88.00 | 88.00 |
| Reserves | 1,016.00 | 1,008.00 | 745.00 | 545.00 | 365.00 | 202.00 | 43.00 | 164.00 | 632.00 | 586.00 | 503.00 | 643.00 |
| Borrowings | 820.00 | 592.00 | 431.00 | 401.00 | 282.00 | 165.00 | 187.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 |
| Other Liabilities | 6,218.00 | 6,236.00 | 5,986.00 | 5,663.00 | 5,448.00 | 5,425.00 | 5,832.00 | 5,529.00 | 2,523.00 | 2,312.00 | 2,093.00 | 1,977.00 |
| Total Liabilities | 8,255.00 | 8,038.00 | 7,363.00 | 6,810.00 | 6,294.00 | 5,925.00 | 6,195.00 | 5,826.00 | 3,288.00 | 2,986.00 | 2,683.00 | 2,714.00 |
| Fixed Assets | 3,470.00 | 2,976.00 | 2,692.00 | 2,594.00 | 2,445.00 | 2,176.00 | 2,013.00 | 1,799.00 | 858.00 | 895.00 | 918.00 | 796.00 |
| CWIP | 332.00 | 378.00 | 209.00 | 137.00 | 115.00 | 121.00 | 243.00 | 222.00 | 109.00 | 62.00 | 36.00 | 72.00 |
| Investments | 827.00 | 1,122.00 | 1,044.00 | 650.00 | 381.00 | 162.00 | 492.00 | 411.00 | 544.00 | 181.00 | 138.00 | 151.00 |
| Other Assets | 3,626.00 | 3,563.00 | 3,418.00 | 3,430.00 | 3,354.00 | 3,466.00 | 3,447.00 | 3,393.00 | 1,776.00 | 1,849.00 | 1,591.00 | 1,695.00 |
| Total Assets | 8,255.00 | 8,038.00 | 7,363.00 | 6,810.00 | 6,294.00 | 5,925.00 | 6,195.00 | 5,826.00 | 3,288.00 | 2,986.00 | 2,683.00 | 2,714.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 325.00 | 445.00 | 519.00 | 413.00 | 356.00 | 267.00 | 331.00 | 300.00 | 332.00 | 266.00 | 116.00 | 269.00 |
| Cash from Investing Activity | -190.00 | -333.00 | -407.00 | -379.00 | -261.00 | -226.00 | -278.00 | -236.00 | -415.00 | -83.00 | -6.00 | -259.00 |
| Cash from Financing Activity | -133.00 | -129.00 | -101.00 | -73.00 | -58.00 | -36.00 | -65.00 | -62.00 | -48.00 | -53.00 | -49.00 | -38.00 |
| Net Cash Flow | 2.00 | -17.00 | 10.00 | -40.00 | 37.00 | 5.00 | -12.00 | 2.00 | -131.00 | 129.00 | 61.00 | -28.00 |
| Free Cash Flow | -6.00 | 181.00 | 332.00 | 257.00 | 229.00 | 167.00 | 221.00 | 153.00 | 254.00 | 193.00 | 22.00 | 128.00 |
| CFO/OP % | 93.00 | 125.00 | 155.00 | 147.00 | 123.00 | 130.00 | 209.00 | 329.00 | 166.00 | 131.00 | 71.00 | 164.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 279.00 | 274.00 | 277.00 | 287.00 | 345.00 | 406.00 | 444.00 | 421.00 | 333.00 | 307.00 | 320.00 | 408.00 |
| Cash Conversion Cycle | 279.00 | 274.00 | 277.00 | 287.00 | 345.00 | 406.00 | 444.00 | 421.00 | 333.00 | 307.00 | 320.00 | 408.00 |
| Working Capital Days | 216.00 | -3.00 | 47.00 | 112.00 | 81.00 | 303.00 | 227.00 | 285.00 | 199.00 | 191.00 | 207.00 | 301.00 |
| ROCE % | 22.00 | 20.00 | 21.00 | 25.00 | 34.00 | 44.00 | 44.00 | 20.00 | 31.00 | 34.00 | 27.00 | 18.00 |
Corporate Actions
13 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 08 Sep 2021 | 09 Sep 2021 | 1:2 | — | |
| Other | 23 Jul 2019 | — | — | — | Annual General Meeting |
| Dividend | 25 Jul 2018 | — | — | 4.00 | |
| Bonus | 10 Jul 2017 | 11 Jul 2017 | 1:2 | — | |
| Dividend | 05 Jun 2017 | — | — | 5.00 | |
| Dividend | 21 Jul 2016 | — | — | 5.00 | |
| Dividend | 16 Jul 2015 | — | — | 4.00 | |
| Dividend | 13 Aug 2014 | — | — | 4.00 | |
| Dividend | 11 Jul 2013 | — | — | 4.00 | |
| Other | 11 Jul 2013 | — | — | — | Annual General Meeting / Dividend Rs.4/- Per Equity Share |
| Dividend | 12 Jul 2012 | — | — | 4.00 | |
| Dividend | 14 Jul 2011 | — | — | 4.00 | |
| Dividend | 15 Jul 2010 | — | — | 4.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update11 Jul 2024 from fitch
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Rating update27 Jun 2024 from fitch
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Rating update21 Jun 2019 from fitch
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Rating update3 Aug 2016 from fitch
Conference Calls
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