Mahindra & Mahindra Limited

Consumer Discretionary›Automobile and Auto Components›Automobiles›Passenger Cars & Utility Vehicles

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Key metrics

Price as of 2026-07-17

Stock price
₹3179.20
Market cap
3,55,258 Cr
Stock P/E
19.5
P/B
3.24
Dividend yield
1.0%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Sales33,892 Cr34,436 Cr35,299 Cr35,452 Cr37,218 Cr37,924 Cr41,470 Cr42,599 Cr45,529 Cr46,106 Cr52,100 Cr54,982 Cr
Operating expenses (approx.)27,646 Cr28,706 Cr29,075 Cr28,848 Cr29,975 Cr30,790 Cr33,239 Cr34,688 Cr37,301 Cr37,177 Cr41,993 Cr45,265 Cr
EBITDA6,246 Cr5,730 Cr6,224 Cr6,604 Cr7,243 Cr7,133 Cr8,231 Cr7,911 Cr8,228 Cr8,929 Cr10,107 Cr9,716 Cr
OPM %18.4%16.6%17.6%18.6%19.5%18.8%19.8%18.6%18.1%19.4%19.4%17.7%
Other income807 Cr592 Cr511 Cr356 Cr409 Cr659 Cr411 Cr702 Cr917 Cr676 Cr859 Cr995 Cr
Interest1,719 Cr1,835 Cr1,945 Cr1,989 Cr2,108 Cr2,217 Cr2,362 Cr2,397 Cr2,431 Cr2,347 Cr2,405 Cr2,407 Cr
Depreciation1,128 Cr1,139 Cr1,123 Cr1,335 Cr1,248 Cr1,302 Cr1,495 Cr2,029 Cr1,548 Cr1,669 Cr2,163 Cr1,943 Cr
Profit before tax4,207 Cr3,347 Cr3,667 Cr3,635 Cr4,296 Cr4,274 Cr4,785 Cr4,187 Cr5,166 Cr5,589 Cr6,104 Cr6,361 Cr
Tax %18.6%32.4%25.5%24.9%25.0%32.3%30.7%25.9%24.5%37.5%25.3%26.0%
Net profit3,684 Cr2,484 Cr2,977 Cr3,125 Cr3,546 Cr3,361 Cr3,624 Cr3,542 Cr4,377 Cr3,964 Cr5,021 Cr5,260 Cr
EPS (₹)₹31.50₹21.07₹23.86₹24.71₹29.44₹28.43₹28.51₹29.52₹36.58₹32.90₹41.85₹41.77

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Standalone onlyMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,04,721 Cr95,179 Cr74,278 Cr90,171 Cr1,21,269 Cr1,39,078 Cr1,59,211 Cr1,98,639 CrSign in for TTM
Operating expenses (approx.)89,514 Cr82,615 Cr60,601 Cr75,488 Cr1,00,983 Cr1,14,186 Cr1,28,693 Cr1,61,659 CrSign in for TTM
EBITDA15,207 Cr12,564 Cr13,677 Cr14,683 Cr20,285 Cr24,892 Cr30,518 Cr36,980 CrSign in for TTM
OPM %14.5%13.2%18.4%16.3%16.7%17.9%19.2%18.6%Sign in for TTM
Other income1,086 Cr1,063 Cr1,033 Cr935 Cr1,206 Cr2,176 Cr2,181 Cr3,446 CrSign in for TTM
Interest5,021 Cr6,065 Cr6,102 Cr5,018 Cr5,830 Cr7,488 Cr9,083 Cr9,591 CrSign in for TTM
Depreciation3,991 Cr4,976 Cr3,378 Cr3,508 Cr4,357 Cr4,724 Cr6,074 Cr7,322 CrSign in for TTM
Profit before tax7,504 Cr612 Cr1,882 Cr7,506 Cr12,555 Cr14,856 Cr17,542 Cr23,220 CrSign in for TTM
Tax %38.0%322.8%87.5%28.1%21.4%25.0%28.5%28.3%Sign in for TTM
Net profit6,017 Cr-321 Cr1,512 Cr7,253 Cr11,374 Cr12,270 Cr14,073 Cr18,622 CrSign in for TTM
EPS (₹)₹48.91₹1.15₹16.33₹59.20₹92.41₹101.14₹115.91₹153.10Sign in for TTM
Dividend payout %———14.3%13.4%18.3%19.9%18.1%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Standalone onlyMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital544 Cr554 Cr555 Cr556 Cr557 Cr557 Cr558 Cr559 Cr
Reserves39,439 Cr39,415 Cr0.0000 Cr46,567 Cr55,809 Cr65,633 Cr76,481 Cr92,538 Cr
Borrowings————92,247 Cr1,03,203 Cr1,21,173 Cr1,29,615 Cr
Other liabilities18,488 Cr1,27,037 Cr1,65,907 Cr1,26,990 Cr46,563 Cr55,588 Cr67,315 Cr78,529 Cr
Total liabilities52,697 Cr1,67,007 Cr1,66,462 Cr1,74,113 Cr2,05,892 Cr2,36,301 Cr2,77,586 Cr3,17,635 Cr
Fixed assets (net)————20,351 Cr21,409 Cr25,835 Cr29,012 Cr
CWIP————1,223 Cr3,461 Cr3,653 Cr2,368 Cr
Investments————35,272 Cr35,208 Cr41,309 Cr40,324 Cr
Other assets————1,25,954 Cr1,37,300 Cr1,71,218 Cr1,98,114 Cr
Total assets52,697 Cr1,67,007 Cr1,66,462 Cr1,74,113 Cr2,05,892 Cr2,36,301 Cr2,77,586 Cr3,17,635 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Standalone onlyMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———9,248 Cr-7,074 Cr-5,630 Cr3,176 Cr11,657 Cr
Cash from investing———-3,239 Cr-8,900 Cr-5,603 Cr-18,626 Cr-17,794 Cr
Cash from financing———-5,883 Cr15,946 Cr12,281 Cr15,834 Cr5,391 Cr
Net cash flow———126 Cr-28 Cr1,049 Cr384 Cr-746 Cr
Free cash flow (OCF − Capex)———3,208 Cr-13,379 Cr-15,576 Cr-7,216 Cr2,052 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Standalone onlyMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %28.1%19.0%1855.1%23.7%10.0%11.2%11.6%12.4%
ROE %13.3%0.3%326.5%14.0%15.3%14.5%14.5%15.6%
Debtor days————21201917
Inventory days————90878471
Days payable————127120127121
Cash conversion cycle————-16-14-25-34
Debt / equity0.000.000.000.011.641.561.571.39
Current ratio————1.291.301.401.27
Net debt / EBITDA0.000.000.000.004.383.963.813.39

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