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Mahindra & Mahindra Share Price History & Return (1990 To 2024)

Mahindra & Mahindra Share Price History & Return (1990 To 2024)

Updated: Thu 18 Apr 2024

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Mahindra & Mahindra Share Highlights

As of Thu 18 Apr 2024, Mahindra & Mahindra Share price is ₹2,024.94 which is ₹83.66 below 52-week high of ₹2,108.60 and ₹828.94 above 52-week low of ₹1,196

52-Week High Low

  • Mahindra & Mahindra 52-Week High is ₹2,108.60 occured on Wed 10 Apr 2024
  • Mahindra & Mahindra 52-Week Low is ₹1,196 occured on Mon 24 Apr 2023

All Time High

  • The all-time high or the highest price that Mahindra & Mahindra shares have ever touched was ₹2,108.60 and this occurred on Wed 10 Apr 2024.
  • The highest closing price at which Mahindra & Mahindra shares have ever closed was ₹2,090.89 recorded on Tue 09 Apr 2024.

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Short Info About Mahindra & Mahindra

Mahindra and Mahindra: The Rise from Steel Trading to Global Conglomerate

There are many companies that ceased to exist as they stopped innovating and improving according to the need of the market. Some companies that were able to do so became a conglomerate with interests spread through various industries. Mahindra is a name known from a farmer, banker to an IT person. Mahindra group has a company, Mahindra & Mahindra under it, which is active in the automotive industry.

1945: Mahindra & Mohammed was incorporated.

1948: The company’s name was changed to Mahindra & Mahindra.

1996: It got listed on the National Stock Exchange.

Mahindra & Mahindra has a fascinating history, with one of its founding fathers becoming the Finance Minister of Pakistan after the partition. It is an MNC company with a presence in over 15+ countries. M&M produces SUVs, small commercial vehicles, buses, trucks, etc.

Various indices have M&M as a constituent, such as Nifty 50, Nifty Auto, etc. It has won several awards for its excellence in quality, innovation, corporate governance, and social responsibility. In 2000-01 due to over 50% drop in profit, a strike at a plant, etc., its share prices dropped almost 80% in 2 years.

Let’s dive into the captivating share price history of Mahindra & Mahindra Ltd. to see the value creation done for its investors.

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Mahindra & Mahindra Share Price Chart From 1990 to 2024

Mahindra & Mahindra Share Price History Table From 1990 to 2024

Mahindra & Mahindra Share Price History Table From 1990 to 2024

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YearMahindra & MahindraYOY Chg%↑High - ↓Low
1990₹5.06-

↑ ₹9.37

↓ ₹4.50

1991₹5.447.5%

↑ ₹8.62

↓ ₹4.31

1992₹8.4354.9%

↑ ₹14.24

↓ ₹5.10

1993₹22.12162.3%

↑ ₹22.49

↓ ₹7.68

1994₹26.2418.6%

↑ ₹32.24

↓ ₹20.24

1995₹25.99-1%

↑ ₹29.24

↓ ₹20.43

1996₹40.1354.4%

↑ ₹82.49

↓ ₹24.38

1997₹41.092.3%

↑ ₹94.24

↓ ₹34.50

1998₹20.63-49.8%

↑ ₹41.34

↓ ₹16.76

1999₹52.47154.3%

↑ ₹109

↓ ₹20.40

2000₹18.57-64.7%

↑ ₹83.00

↓ ₹15.77

2001₹11.15-40%

↑ ₹23.69

↓ ₹6.38

2002₹14.1026.4%

↑ ₹16.69

↓ ₹9.81

2003₹48.60244.6%

↑ ₹50.63

↓ ₹11.76

2004₹68.1840.2%

↑ ₹69.18

↓ ₹44.60

2005₹127.9087.5%

↑ ₹164

↓ ₹53.88

2006₹227.1177.5%

↑ ₹228

↓ ₹114

2007₹215.49-5.2%

↑ ₹250

↓ ₹147

2008₹68.63-68.2%

↑ ₹218

↓ ₹58.75

2009₹270.21293.7%

↑ ₹273

↓ ₹64.65

2010₹389.1043.9%

↑ ₹413

↓ ₹237

2011₹340.90-12.4%

↑ ₹438

↓ ₹292

2012₹465.8336.6%

↑ ₹488

↓ ₹310

2013₹472.101.3%

↑ ₹513

↓ ₹370

2014₹617.2230.7%

↑ ₹716

↓ ₹423

2015₹636.173%

↑ ₹721

↓ ₹546

2016₹592.35-6.9%

↑ ₹754

↓ ₹545

2017₹751.1026.8%

↑ ₹785

↓ ₹585

2018₹803.857%

↑ ₹993

↓ ₹694

2019₹531.55-33.9%

↑ ₹805

↓ ₹502

2020₹720.6035.5%

↑ ₹764

↓ ₹245

2021₹837.1516.1%

↑ ₹979

↓ ₹723

2022₹1249.2049.2%

↑ ₹1366

↓ ₹671

2023₹1729.4038.4%

↑ ₹1758

↓ ₹1123

2024₹2024.9417%

↑ ₹2108

↓ ₹1575

Analyzing the Impact of Investing in Mahindra & Mahindra

Mahindra & Mahindra Shares price in the year 1990 was ₹5.06. If you had invested ₹10,000 in Mahindra & Mahindra Shares in 1990, in 34 years, your investment would have grown to ₹40.02 Lakh by the end of 2024. This represents a positive return of 39918.5% from 1990 to 2024, with a compound annual growth rate (CAGR) of 19.2%.

Also Read: Tata Steel Year Wise Share Price History From IPO to 2024

Mahindra & Mahindra Share Returns In Last 5 Years

Mahindra & Mahindra Share Returns In Last 5 Years
  • Its highest share price in the last 5 years was: ₹2,108.60 and lowest was: ₹245.40
  • Mahindra & Mahindra Shares price in 2019 was ₹531.55
  • By 2024, its share price rose to ₹2,024.94
  • It gave a positive return of over 280% with a CAGR of 30.6% over the last 5 years
  • If you had invested ₹10,000 in Mahindra & Mahindra in 2019 then in 5 years, your investment would have grown to ₹38,095 by 2024, which is 3.8 times of your initial investment.

Mahindra & Mahindra Share Returns In Last 10 Years

Mahindra & Mahindra Share Returns In Last 10 Years
  • Its highest share price in the last 10 years was: ₹2,108.60 and lowest was: ₹245.40
  • Mahindra & Mahindra Shares price in 2014 was ₹617.22
  • By 2024, its share price rose to ₹2,024.94
  • It gave a positive return of over 228% with a CAGR of 12.6% over the last 10 years
  • If you had invested ₹10,000 in Mahindra & Mahindra in 2014 then in 10 years, your investment would have grown to ₹32,807 by 2024, which is 3.28 times of your initial investment.

Mahindra & Mahindra Share Returns In Last 15 Years

M%2526M last15
  • Its highest share price in the last 15 years was: ₹2,108.60 and lowest was: ₹64.65
  • Mahindra & Mahindra Shares price in 2009 was ₹270.21
  • By 2024, its share price rose to ₹2,024.94
  • It gave a positive return of over 649% with a CAGR of 14.3% over the last 15 years
  • If you had invested ₹10,000 in Mahindra & Mahindra in 2009 then in 15 years, your investment would have grown to ₹74,939 by 2024, which is 7.49 times of your initial investment.

Mahindra & Mahindra Share Returns In Last 20 Years

Mahindra & Mahindra Share Returns In Last 20 Years
  • Its highest share price in the last 20 years was: ₹2,108.60 and lowest was: ₹44.60
  • Mahindra & Mahindra Shares price in 2004 was ₹68.18
  • By 2024, its share price rose to ₹2,024.94
  • It gave a positive return of over 2869% with a CAGR of 18.4% over the last 20 years
  • If you had invested ₹10,000 in Mahindra & Mahindra in 2004 then in 20 years, your investment would have grown to ₹2.97 Lakh by 2024, which is 29.69 times of your initial investment.

Mahindra & Mahindra Share VS FD (Normal) VS FD (Compounding)

You might wonder which option is better: shares, fixed deposits (FDs) or compounding FDs. Let’s compare them and see how they differ.

  • Shares: Units of ownership in a company can benefit from its profits or losses.
  • FDs: Deposits you make with a bank or a financial institution for a fixed time and at a fixed interest rate.
  • Compounding FDs: Similar to FDs but with one difference: the interest is reinvested into the principal amount instead of being paid out.
To help you make a well-informed decision, we have prepared a handy table that compares the returns of Mahindra & Mahindra Share with both FD choices over time.


If you invested ₹10,000 rupees each in these 3 options in :

YearMahindra & Mahindra InvestmentFD Normal InvestmentFD Compond Investment
1990₹10,000₹10,000₹10,000

Then today, your investment would have become this much in each option:

2024₹39,36,789.56₹30,400₹72,510.25



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For more insights into Mahindra & Mahindra, explore these additional resources:-

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Disclaimer: Information is provided ‘as is’ and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter