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Mahindra & Mahindra Limited (NSE:M&M)
India flag India · Delayed Price · Currency is INR
3,165.00
-64.70 (-2.00%)
Jul 24, 2026, 3:30 PM IST

Mahindra & Mahindra Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits
Chart
Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
2,017,9852,017,9851,608,6611,409,3301,222,772909,446
Revenue Growth
25.45%25.45%14.14%15.26%34.45%21.07%
Gross Profit
780,342780,342641,594565,419475,742384,995
Operating Income
340,315340,315266,461222,433169,652119,542
Net Income
170,989170,989129,291112,686102,81565,773
Earnings Per Share
152.18152.18115.06100.7091.9658.83
EPS Growth
32.26%32.26%14.26%9.51%56.31%264.30%

Revenue by Segment
Chart
Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Financial Services
209,493209,493182,958156,520126,137112,092
Farm Equipment
425,684425,684353,753334,742348,701270,596
Automotive
1,178,3411,178,341908,246761,560615,457370,126
Industrial Businesses and Consumer Services
227,489227,489189,714177,191190,282-
Eliminations
-54,622-54,622-42,563-39,230-66,957-26,756
Net Unallocable Interest Income
17,62517,62512,3307,7405,0994,165
Total
2,004,0102,004,0101,604,4381,398,5231,218,718905,871

Cash & Debt
Chart
Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
513,404513,404418,725250,778264,582226,926
Total Debt
1,371,6861,371,6861,295,2121,090,029929,196778,424
Net Cash (Debt)
-858,282-858,282-876,487-839,250-664,614-551,498
Net Cash Growth
------
Net Cash Per Share
-765.82-765.82-782.77-750.16-594.83-494.38

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
116,574116,57431,758-56,300-70,74092,476
Capital Expenditures
-96,055-96,055-103,920-99,460-63,046-60,398
Free Cash Flow
20,51920,519-72,161-155,759-133,78632,078
Free Cash Flow Growth
------69.93%

Margins
Chart
Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
38.67%38.67%39.88%40.12%38.91%42.33%
Operating Margin
16.86%16.86%16.56%15.78%13.87%13.15%
Pretax Margin
12.48%12.48%11.86%11.34%11.50%10.29%
Profit Margin
8.47%8.47%8.04%8.00%8.41%7.23%
FCF Margin
1.02%1.02%-4.49%-11.05%-10.94%3.53%

Dividends
Chart
Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Dividend Per Share
33.00033.00025.30021.10016.25011.550
Dividend Per Share Growth
30.43%30.44%19.91%29.85%40.69%32.00%
Dividend Yield
1.04%1.13%0.97%1.13%1.45%1.50%

Valuation
Chart
Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
20.7719.2922.9918.9912.5413.62
Forward PE
23.4224.5722.6219.2412.8013.81
P/FCF Ratio
172.19160.75---27.92
PS Ratio
1.751.631.851.521.050.99