Mumbai, Nov. 21 -- Analysts have endorsed Mahindra and Mahindra Ltd's (M&M) five-year outlook unveiled on Thursday, calling it ambitious and a potential trigger for a rerating of the stock. The real test, though, lies in execution.

The Mumbai-based conglomerate has guided for a 15-40% organic revenue growth annually across its businesses between FY26 and FY30. Mahindra reported consolidated revenues from operation of Rs.1.59 trillion in FY25, 15% higher than the preceding year. Consolidated profit for the year rose at a similar pace to Rs.12,929 crore.

While experts said that the targets were achievable, they warned that several risks remain, starting with the inherent complexity of delivering growth across diverse businesses that range...